Global Internet of Things in
Healthcare Market By
Component (Medical Devices, System & Software, Service &
Hardware, Connectivity Technology) By
Technology (Bluetooth Low Energy (BLE), Wi-Fi, Zigbee, Near Field
Communication, Cellular) By
Application (Clinical operations, Telemedicine, Inpatient
Monitoring, Medication Management, Connected Imaging, Work Flow Management) and
Region - Global Forecast to 2024
Internet of Things (IOT) In Healthcare Market Overview
Internet of things is spreading
their wings in every sector and healthcare is one of them. Internet of things
offers various benefits in healthcare sectors such as improved medical care,
reduced overall cost, better efficiency and also minimized human errors.
Moreover, internet of things in healthcare is also improving relation between
patient and doctor by offering better communication medium. Internet of things
in healthcare sector has been helping hospitals and clinics to keep their
patient safe and healthy. Further, hospitals and clinics can use internet of
things to keep track of inventory. Fetal monitors, electrocardiograms,
temperature monitor, blood and glucose level monitor are some of the important
internet connected devices which have helped the doctors enormously to keep
their patients safe and healthy.
Market Size & Forecast
Global internet of things in
healthcare market is anticipated to flourish at a compound annual growth rate
(CAGR) of 32.2% over the forecast period i.e. 2017-2024. The global market of
internet of things in healthcare stood at revenue of around USD 42.7 Billion in
2016 and is expected to reach at a valuation of about USD 162.2 Billion by the
end of 2024. Increasing expenditure in healthcare sector and technological
advancement in internet of things are some major factors which are fostering
the growth of global internet of
things in healthcare market during
the forecast period.
In terms of region, global internet
of things in healthcare market is segmented into five major regions including
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. Among these regions, North America is dominating the global market of
internet of things in healthcare due to the availability of advanced medical
healthcare sector and higher healthcare expenditures in the region. Further,
North America region is expected to retain its leading position over the
forecast period.
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Asia Pacific region is expected to
be the fastest growing market of internet of things in healthcare over the
forecast period. This rapid growth of Asia Pacific region can be attributed to
factors such as increasing disposable income of consumers, expanding investment
in research & development of healthcare sector and emergence of new
advanced IT-healthcare services in this region. India and China are expected to
be major contributors to the growth of internet of things in healthcare due to
increasing medical tourism and rising demand for smart wearable medical
devices.
Market Segmentation
Our-in depth analysis of the global
internet of things in healthcare market includes the following segments:
By Component
·
Medical Devices
·
System & Software
·
Service & Hardware
·
Connectivity Technology
By Technology
·
Bluetooth Low Energy (BLE)
·
Wi-Fi
·
Zigbee
·
Near Field Communication
·
Cellular
By Application
·
Clinical operations
·
Telemedicine
·
Inpatient Monitoring
·
Medication Management
·
Connected Imaging
·
Work Flow Management
By Region
Global smart wearable device market
is further classified on the basis of region as follows:
·
North America (U.S. & Canada)
Market size, Y-O-Y growth & Opportunity Analysis
·
Latin America (Brazil, Mexico, Rest
of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
·
Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe)
Market size, Y-O-Y growth & Opportunity Analysis
·
Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth
& Opportunity Analysis.
·
Middle East and Africa (GCC, North
Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth &
Opportunity Analysis.
Growth Drivers & Challenges
Global internet of things in
healthcare market is primarily driven by the factors such as increasing
expenditures in research and development of healthcare sector and increasing
disposable income of the consumers. Further, rising demand for internet of
things in health care sector due to their beneficial abilities such as batter
care of patients and tracking of inventory coupled with technological
advancement in internet of things are expected to foster the growth of global
internet of things in healthcare market over the forecast period. Additionally,
increasing penetration of critical diseases like cancer is propelling the
demand for internet of things in healthcare sector in order to provide better
treatment to the patients. Moreover, use of internet of things in medical
processes like telemedicine and impatient monitoring are expected to propel the
growth of this market in near future.
Further, rising adoption of smart
devices including smart wearable medical devices, health tracking devices is
likely to foster the growth of internet of things
in healthcare market in near future.
However, lack of governance
standards in internet of things and skilled internet of things technicians are
expected to hinder the growth of internet of things in healthcare market. In
addition to this, internet of things in health care comprises of number of
internet connected things which receive and transmit data in real time. Moreover,
lack of data standards and data security related issues are some major factors
which are hampering the growth of global internet of things in healthcare
market.
Key Players
·
Medtronic PLC
o
Company Overview
o
Key Product Offerings
o
Business Strategy
o
SWOT Analysis
o
Financials
·
Royal Philips
·
Cisco System Inc.
·
IBM Corporation
·
GE Healthcare
·
Microsoft Corporation
·
SAP SE
·
Qualcomm Life Inc.
·
Honeywell Life Care Solution
·
Stanley Healthcare
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global internet of things in
healthcare market is segmented as follows:
·
By Component Market Size & Y-O-Y
Growth Analysis
·
By Technology Market Size &
Y-O-Y Growth Analysis
·
By Application Market Size &
Y-O-Y Growth Analysis
·
By Region Market Size & Y-O-Y
Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT
Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
To know more about this research,
kindly visit: http://www.researchnester.com/reports/internet-of-things-iot-in-healthcare-market-global-demand-analysis-opportunity-outlook-2024/376
Article Source:- http://www.researchnester.com/blog/internet-things-healthcare-market-2016-2024-research-nester/
For Table
of Content & Free Sample Report Contact:
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
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