IoT in Healthcare Market is valued at USD 113.53 Billion in 2020 and expected to reach USD 388.18 Billion by 2027 with the CAGR of 19.20% over the forecast period.
Scope of Global IoT in Healthcare Market Report:
Internet of Things (IoT) advantages in healthcare turn around the improvement of care as such with remote monitoring and telemonitoring. Using IoT, tracking, monitoring and maintenance of assets can be possible in healthcare industry. Mostly, IoT technology is more popular in the field of medical devices. IoT is used for the data collection, monitoring electronic health records and analysis for research which has personally identifiable information, protected health information and for other machine-generated healthcare data. IoT plays an important role in digital transformation of healthcare. Internet of Things (IoT) is used in specific applications such as smart pills, smart home care systems, personal healthcare, robotics, and real-time health systems (RTHS).
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Some of the key players/Manufacturers involved in the IoT in Healthcare Market are:
- GE Healthcare Ltd.
- Google (Alphabet)
- International Business Machines Corporation
- QUALCOMM Incorporated
- Abbot Laboratories
- Apple Inc.
- Cisco Systems Inc.
- Medtronic PLC
- Microsoft Corporation
- Proteus Digital Health
- Koninklijke Philips N.V.
IoT in Healthcare Market Segmentation Analysis:
By Component:
- Medical Devices:
- Wearable External Medical Devices
- Implanted Medical Devices
- Stationary Medical Devices
- System and Software:
- Remote Device Management
- Network Bandwidth Management
- Data Analytics
- Application Security
- Network Security
- Services:
- Deployment and Integration
- Consulting
- Support and Maintenance
- Connectivity Technology
By Application:
- Telemedicine
- Store-and-forward Telemedicine
- Remote Patient Monitoring
- Interactive Medicine
- Clinical Operations and Workflow Management
- Connected Imaging
- Inpatient Monitoring
- Medication Management
- Others
By End-User:
- Hospitals, Surgical Centers, and Clinics
- Clinical Research Organizations
- Government and Defense Institutions
- Research and Diagnostic Laboratories
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On Special Requirement IoT in Healthcare Market Report is also available for below region:
North America is expected to dominate the global IoT in healthcare market with the potential rate due to the rising use of fast-emerging digital technologies, such as data analytics, AI, IoT, cloud computing and all Internet-based services in healthcare industry, rapid technological advancements and increasing investments from top IoT companies in this region. In addition, supportive governmental rules to promote IoT in healthcare, rise in prevalence of chronic disease patient population and increase in demand for cost effective disease treatment in the region are also fostering the market growth. According to recent report of United Nations Conference on Trade and Development, IoT devices were an estimated to grow from 9.9 billion in 2019 to 21.5 billion in 2025 and the United States accounts for around 50% of global IoT spending on the devices.
North America
- S., Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
Key Questions This Study Will Answer:
- What is the scope of growth in the IoT in Healthcare market?
- What is the core strategy for growth in the IoT in Healthcare market?
- What is the promise of growth in the long run?
- What is the promise of growth during the forecast period?
- How big is the IoT in Healthcare market?
- What are the main opportunities for growth in the IoT in Healthcare market?
- What are the key regions for future investments?
- What is the scope of growth in a particular country/ region of my interest?
- What are the risks involved in investing in the IoT in Healthcare market?
- Who are the key players in the IoT in Healthcare market?
- What are the core strategies of key players in the IoT in Healthcare market?
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