“Internet of Things (IOT) in
Healthcare Market: Global Demand Analysis & Opportunity Outlook 2024”
The global internet of things
(IOT) in healthcare market is segmented into component such as medical devices,
system & software, service & hardware, and connectivity technology.
Among these segments, system & software segment is expected to witness
remarkable growth in the market over the forecast period. The growth of the system
& software segment is driven by growing need for high level data security
and autonomy. Moreover, this segment includes solutions such as remote device
management, network bandwidth management, data analytics and applications
security.
Global internet of things (IOT) in healthcare market
is expected to register a 32.2% CAGR over the forecast period. Moreover, the global
Internet of things (IOT) in healthcare market was valued at USD 42.7 Billion in
2016. Further, continuous enhancements in healthcare sector are likely to drive
the global Internet of things (IOT) in healthcare market at a valuation about
USD 162.2 Billion by the end of 2024.
The telemedicine segment by
application is likely to grow at remarkable pace during the forecast period.
Growing consumer’s preference for virtual consultation is a major factor which
is driving the growth of this segment.
Increasing elderly
population
Geriatric population across the globe is rising at an extreme
pace. Further, rising number of diabetic patients and rising prevalence of
chronicle diseases in aging population are some of the major factors which are
fostering the growth of global internet of things (IOT) in healthcare market.
Rising penetration
of connected devices
Rising number of patients who
are suffering from critical diseases such as cancer is a major factor which is
anticipated to fuel the adoption of connected devices in healthcare during the
forecast period. Further, need for continuous health monitoring of patients is
also a key factor which is projected to fuel the growth of global internet of things (IOT) in healthcare market in near
future.
Although, the growth of internet of things (IOT) in healthcare market is
likely to be hampered by a number of factors such as high cost associated with
IOT infrastructure development and data privacy & security concerns.
The
report titled “Internet
of Things (IOT) in Healthcare Market: Global Demand Analysis & Opportunity
Outlook 2024” delivers
detailed overview of the global internet of things (IOT) in healthcare market
in terms of market segmentation by component, by technology, by application and
by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global internet
of things (IOT) in healthcare market which includes company profiling of Medtronic PLC, Koninklijke Philips N.V., Cisco System
Inc., IBM Corporation, GE Healthcare, Microsoft Corporation, SAP SE, Qualcomm
Life Inc., Honeywell Life Care Solution, Stanley Healthcare. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global internet
of things (IOT) in healthcare market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
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