The IoT in healthcare market size is expected to reach 388.18 billion and grow at a CAGR of 19.20% over the forecast period 2022 to 2028

IoT in the healthcare market is valued at $113.53 billion in 2020 and should reach $388.18 billion by 2027 with the CAGR of 19.20% over the forecast period.

Scope of the Global IoT in Healthcare Market Report:

The benefits of the Internet of Things (IoT) in healthcare revolve around improving healthcare as such with remote monitoring and telemonitoring. The use of IoT, asset tracking, monitoring and maintenance may be possible in the healthcare sector. Most of the time, IoT technology is more popular in the field of medical devices. IoT is used for data collection, electronic health record monitoring, and analysis for research containing personally identifiable information, protected health information, and other machine-generated health data. The IoT plays an important role in the digital transformation of healthcare. The 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 Major Players/Manufacturers involved in IoT in Healthcare Market are:

  • GE Health Ltd.
  • Google (Alphabet)
  • International Commercial Machinery Society
  • QUALCOMM Incorporated
  • Abbot Laboratories
  • Apple Inc.
  • Cisco Systems Inc.
  • Medtronic APIs
  • Microsoft Corporation
  • Proteus Digital Health
  • Koninklijke Philips NV

IoT in Healthcare Market Segmentation Analysis:

By Component:

  • Medical equipement:
    • Portable external medical devices
    • Implanted medical devices
    • Fixed medical devices
  • System and software:
    • Remote device management
    • Network Bandwidth Management
    • Data analysis
    • Application Security
    • internet security
  • Services:
    • Deployment and integration
    • Consultant
    • Support and maintenance
  • Connectivity technology

Per application:

  • Telemedecine
  • Store-and-forward telemedicine
  • Remote patient monitoring
  • Interactive medicine
  • Clinical Operations and Workflow Management
  • Connected Imaging
  • Monitoring of hospitalized patients
  • Medication management
  • Others

Per end user:

  • Hospitals, surgical centers and clinics
  • Clinical research organizations
  • Government and defense institutions
  • Research and diagnostic laboratories

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The Special Requirement IoT in Healthcare Market report is also available for the region below:

North America is expected to dominate the global IoT market in healthcare market with the potential rate due to the growing use of fast emerging digital technologies, such as data analytics, AI, l ‘IoT, cloud computing and all Internet services in the health industry, rapid technological advances and increasing investment by leading IoT companies in this region. In addition, favorable government rules for the promotion of IoT in healthcare, increasing prevalence of chronic disease patient population and increasing demand for cost-effective disease treatments in the region also promote market growth. According to a recent report by the United Nations Conference on Trade and Development, IoT devices are expected 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 for devices.

North America

Europe

  • Germany, France, United Kingdom, 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, United Arab Emirates, Egypt, South Africa, Rest of MEA

Key questions this study will answer:

  • How big is the growth of the IoT in healthcare market?
  • What is the basic strategy for the growth of the IoT in Healthcare market?
  • What is the promise of long-term growth?
  • What is the promise of growth over the forecast period?
  • What is the size of the IoT in healthcare market?
  • What are the key growth opportunities 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 I’m interested in?
  • What are the Risks of Investing in IoT in Healthcare Market?
  • Who are the key players in the IoT in Healthcare market?
  • What are the key strategies of the major players in the IoT in Healthcare market?

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