Global IoT Healthcare Market Booming at high CAGR of 29.5 % by 2026

Posted by johndbmr on November 26th, 2019

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.

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.

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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)

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 Users (Hospitals, Surgical Centers, and Clinics, Clinical Research Organization (CRO), Research and Diagnostics Laboratories)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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.

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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