Global IoT Healthcare Market By Component, {Medical Devices, Systems and Software, Services (System Integration Services, Professional Services, Support and Maintenance Services)}, Application (Telemedicine, Clinical Operations and Workflow Management, Connected Imaging, Inpatient Monitoring, Medication Management), Connectivity Technology (Bluetooth Low Energy, Wi-Fi, Cellular, Near Field Communication (NFC), Satellite), End Users (Hospitals, Surgical Centers, and Clinics, Clinical Research Organization (CRO), Research and Diagnostics Laboratories), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global IoT Healthcare Market

Global IoT Healthcare Market is expected to rise from its initial estimated value of USD 263.43 billion in 2018 to an estimated value of USD 2083.62 billion by 2026, registering a CAGR of 29.5% in the forecast period of 2019-2026.

Market Definition: Global IoT Healthcare Market

Internet of things healthcare, consists of different medical devices, systems and programming and had an effect on the overall healthcare sector which has been massively beneficial in remote clinical monitoring, chronic disease management and personal fitness monitoring and by giving more time to patients for interacting with their doctors.

Market Drivers

Implementation of IoT solutions for reduced cost of care act as a driver to the market.

Rise in investment for healthcare IoT solutions act as a driving agent for the market.

Market Restraints

Lack of competence in deploying IoT solutions act as restraints to the market.

The lack of governance standards in IoT healthcare market act as restraints.

Segmentation: Global IoT Healthcare Market

By Component

Medical Devices

Systems and Software

Services System Integration Services Professional Services Support and Maintenance Services



By Application

Telemedicine

Clinical Operations and Workflow Management

Connected Imaging

Inpatient Monitoring

Medication Management

By Connectivity Technology

Bluetooth Low Energy

Wi-Fi

Cellular

Near Field Communication (NFC)

Satellite

By End User

Hospitals

Surgical Centers and Clinics

Clinical Research Organization (CRO)

Research and Diagnostics Laboratories

By Geography

North America US. Canada Mexico

South America Brazil Argentina Rest of South America

Europe Germany France United Kingdom Italy Spain Russia Turkey Belgium Netherlands Switzerland Rest of Europe

Asia-Pacific Japan China South Korea India Australia Singapore Thailand Malaysia Indonesia Philippines Rest of Asia Pacific

Middle East & Africa South Africa Egypt Saudi Arabia United Arab Emirates Israel Rest of Middle East & Africa



Key Developments in the Market:

In March 2017, Medtronic launched Reveal LINQ Insertable Cardiac Monitor (ICM) with TruRhythm Detection; it is an advanced cardiac monitor with high accuracy to efficiently identify abnormal heartbeats. The device communicates wirelessly with a patient’s bedside monitor, which uploads device data to the Medtronic CareLink network. This helped the company to offer highest quality products and services to deliver clinical and economic value to its consumers.

In February 2017, Royal Philips launched the IntelliVue Guardian solution featured with connectivity with the Philips Wearable Biosensor for the detection of subtle signs of patient deterioration in hospitals. This launch helped the company to bring the clinical benefits of predictive trend analytics to patients at hospital and home.

Competitive Analysis:

Global IoT healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IoT healthcare market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global IOT healthcare market are Medtronic (Ireland), Cisco Inc (US). GENERAL ELECTRIC (US), STANLEY Healthcare (USA), Capsule Technologies, Inc (USA), IBM Corporation (US), Koninklijke Philips N.V.,(Europe), Microsoft (US),.(US), SAP affiliate company (Germany), AdhereTech (US), Cerner Corporation (US), PhysIQ(US). Meru Health(US), LifeFuels Inc (USA), Keriton (US), CARRÉ TECHNOLOGIES INC. (US), ConnectedHealth (Singapore),

Research Methodology: Global IoT Healthcare Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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