Internet of Things (IoT) in Healthcare Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing adoption of smart devices and need for better data processing technologies in healthcare sector is likely to drive the Internet of Things (IoT) in Healthcare market.
Internet of Things (IoT) in Healthcare Market is valued at USD 48.72 Billion in 2018 and expected to reach USD 256.75 Billion by 2025 with the CAGR of 26.8% over the forecast period.
Internet of Things (IoT) in healthcare enables the devices to perform remote monitoring by keeping the patients safe and healthy as well as helping physicians to deliver quality of care. With the use of IoT, patient engagement and interaction with doctors have become easier and more efficient than which was impossible with conventional methods. In IoT, remote monitoring and telemonitoring are the primary focusing areas that can track and monitor the entire medical management process. Remote monitoring in healthcare industry can help in reducing the length of hospital stay and prevents re-admissions. In addition, IoT has major application in reducing the healthcare costs and improving treatment outcomes. IoT devices equipped with sensors are used in hospitals for tracking real time location of medical equipment like wheelchairs, oxygen pumps and other monitoring equipment. Data generated through IoT devices helps in more effective decision making as well as perform smooth healthcare operations with reduced errors and system costs.
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Internet of Things (IoT) in Healthcare market report is segmented on the basis of component (devices, system and software, services), application, end-user and region & country level. Based upon component, Internet of Things (IoT) in Healthcare market is segmented as devices (implantable sensor devices, wearable sensor devices and others sensor devices), system and software (network layer, database layer and analytics layer) and services (Architecture, Consulting and Application Development). On the basis of application, the market is classified as patient monitoring, clinical operation and workflow optimization, connected imaging, fitness and wellness measurement and drug development. Based upon end-user, the market is further classified into healthcare providers, patients, healthcare payers, research laboratories (biotech/pharma) and government authority.
The regions covered in this Internet of Things (IoT) in Healthcare market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Internet of Things (IoT) in Healthcare market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Internet of Things (IoT) in Healthcare Market Report–
Some major key players for Internet of Things (IoT) in Healthcare market are Cisco Systems Inc, Apple Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Qualcomm Life Inc., Proteus Digital Health, Koninklijke Philips N.V., and St. Jude Medical Inc. and others.
GE Healthcare Partnered with Intel to Accelerate Digital Imaging from Edge to Cloud.
On November 29th, 2017; GE Healthcare signed partnership with Intel to improve patient outcome with reduced costs for hospitals and health systems by using digital imaging solutions. Together these companies are focusing to offer higher hospital efficiency through increased asset performance and reduced patient risk with faster image processing for diagnosis and treatment.
Increasing Demand for Better Disease Management and Quality of Care are Likely to Foster the Growth of Internet of Things (IoT) in Healthcare Market.
Internet of Things (IoT) in healthcare market is anticipated to witness a high growth during the forecast period. Increasing demand for improved and better patient care, rising adoption of smart devices, better disease management with reduced cost are the major factors driving the demand for Internet of Things (IoT) in Healthcare market. In healthcare industry various hospitals, clinics, and patients and research institutions are increasingly using IoT in technology for developing cost-effective and advanced solutions. According to some researchers revealed that, around 90% of healthcare organizations worldwide will be implementing the IoT as a regular in-house tool by the end of 2019. In addition, government guidelines and policies are increasingly supporting IoT technology in the field of healthcare in various organizations and countries throughout the world which in turn increases the demand for Internet of Things (IoT) in healthcare market. However, security and privacy concerns can arise during the usage of Internet of Things (IoT) in healthcare which may restrain the growth of this market.
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North America is Expected to Dominate the Internet of Things (IoT) in Healthcare Market.
North America is expected to account for the largest share for Internet of Things (IoT) in healthcare. The rapid advancements in information and communications technologies (ICT) and the increasing number of smart things shift towards health monitoring techniques and better diagnostics management coupled with highly developed healthcare infrastructure are fostering the demand for internet of things (IoT) in healthcare market in this region. On the other hand, operational inefficiency and administrative costs in the United States account for about 8% of their overall healthcare costs which is higher than other developed countries. The American healthcare industry was worth USD 24.56 billion in 1960 and now worth USD 3,597 trillion in 2019. Asia pacific is the fastest growing region in Internet of Things (IoT) in healthcare due to government organizations have strongly encouraged for implementing smart devices in hospitals and clinics to improve patient safety.
Key Benefits for Internet of Things (IoT) in Healthcare Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Internet of Things (IoT) in Healthcare Market Segmentation: –
Implantable Sensor Devices
Wearable Sensor Devices
Others Sensor Devices
System and Software
Architecture (System integration)
Application Development (support and maintenance)
Clinical Operation and Workflow Optimization
Fitness and Wellness Measurement
Research Laboratories (biotech/pharma)
By Regional & Country Analysis:
Middle East and Africa
Rest of Middle East and Africa
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Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Internet of Things (IoT) in Healthcare Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Internet of Things (IoT) in Healthcare Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Internet of Things (IoT) in Healthcare Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global Internet of Things (IoT) in Healthcare Market Overview: Quantitative Analysis
3.1. Global Internet of Things (IoT) in Healthcare Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2014- 2025
3.2. Global Internet of Things (IoT) in Healthcare Market Revenue Market Share (%), 2014- 2025
3.3. Global Internet of Things (IoT) in Healthcare Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2014- 2025
3.4. Global Internet of Things (IoT) in Healthcare Market Sales Market Share (%), 2014- 2025
4. Chapter – Global Internet of Things (IoT) in Healthcare Market Analysis: Segmentation By Type
5. Chapter – Global Internet of Things (IoT) in Healthcare Market Analysis: Segmentation By Application
6. Chapter – Global Internet of Things (IoT) in Healthcare Market Analysis: By Manufacturer
6.1. Global Internet of Things (IoT) in Healthcare Market Revenue (USD Million), by Manufacturer, 2014 – 2025
6.2. Global Internet of Things (IoT) in Healthcare Market Share (%), by Manufacturer, 2018
6.3. Global Internet of Things (IoT) in Healthcare Market Sales (Number of Units), by Manufacturer, 2014 – 2025
6.4. Global Internet of Things (IoT) in Healthcare Market Share (%), by Manufacturer, 2018
6.5. Global Internet of Things (IoT) in Healthcare Market Price (USD/Unit), by Manufacturer, 2014 – 2025
6.6. Global Internet of Things (IoT) in Healthcare Market Revenue Growth Rate (%), by Manufacturer, 2014 – 2025
6.7. Merger & Acquisition
6.8. Collaborations and Partnership
6.9. New Product Launch
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