Need for Advanced Data Driven Self-Management of Chronic Ailments Such as Diabetes and Asthma Steer Adoption
With heralding remote healthcare practices gaining mainstream status, IoT enabled healthcare delivery supported by 5G network and smart city infrastructure are poised to elevate growth scope in global IoT in healthcare market. Adroit Market Research report evaluating multiple market developments and their eventual implications are anticipated to influence and guide effective business decisions and future course of investments in IoT enabled healthcare market.
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COVID-19 Outrage Significantly Aids Market Expansion with Amplified Pressure on Healthcare Delivery
Need for technological interventions in vital healthcare delivery such as routine self-monitoring and management of chronic ailments such as diabetes and asthma are being rampantly executed with smart insulin pens and smart inhalers, eliminating chances of human error. Data driven therapeutic and disease management approaches are effectively maneuvered by advanced sensor technology and smart watches. Following this, the recent outrage of a global pandemic has amplified healthcare delivery burden, thus allowing rapid integration of remote healthcare services to ensure fast track care delivery across a massive range of patient pools. These developments are allowing substantial growth and expansion in global IoT in healthcare space.
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Key advantages offered by IoT enabled healthcare delivery includes virtual hospitals which are supported by wearable technology facilitated to attend patients subject to prolonged care. In IoT enabled virtual hospitals, patients are offered advanced technology such as oximeters, armpit patches and the like that extract real time data pertaining to patient health and relay it directly to hospital staff by a smartphone app available in patient smartphones. With growing geriatric population it becomes all the more conducive to integrate IoT enabled healthcare offerings, thus supporting the elderly in their solitary stays. These sophisticated technologies relentlessly monitor inmate movement, behavior and also are interfaced with devices such as glucometers and blood pressure monitors to enable real time assessment.
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Based on the component segment, the market is bifurcated into three sub-segments that are medical devices, systems & software, and services. In 2019, the medical device segment gathered the highest market revenue and it is anticipated to govern the IoT in the healthcare market throughout the forecast period. The large scale implementation of medical devices owing to the increasing need for foe efficient and cost-effective solutions for enabling healthcare services. Additionally, IoT-enabled medical devices possess an essential role in tracking and gathering various information, thus, leading to the advancement of different Internet of Things (IoT) in healthcare use cases.
Based on the application, the market is classified into telemedicine, clinical operations, medication management, connected imaging, inpatient monitoring, and others. The market for inpatient monitoring is anticipated to witness a staggering growth over the forecast period.
The process of Inpatient monitoring involves the continuous diagnosis of a patient’s physiological functions for making therapeutic interventions and guiding management decisions. It provides different monitoring systems deliberated to collect physiological data, which is stored and analyzed using clouds and gateways.
Table of Content:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 IoT in Healthcare market by Component
Chapter 6 IoT in Healthcare market by Application
Chapter 8 IoT in Healthcare market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
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