Internet of Things (IoT) in Healthcare Market: Structure and Overview of Key Ind

Posted by Sakshi Mishra on December 31st, 2019

According to the new research report published by Transparency Market Research, the global IoT in healthcare market is on course to achieve a stellar growth in coming years of the forecast period. The competitive landscape of the global market is extremely intense and is one of the reasons behind its overall development. The leading players in the global IoT in healthcare market are projected to pool in their resources for the fuelling the activities of research and development. Some of the other leading vendors in the market are concentrating on inorganic marketing strategies such as collaborations, joint ventures, mergers, and acquisitions to expand their business operations. 

Increasing Focus on In-patient Monitoring

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A key trend that has been emerging in the global IoT in healthcare market is the growing focus on the solutions of in-patient monitoring. For instance, GE Healthcare recently launched a wide range of product portfolio for in-patient monitoring. In it, there are new equipment for networking, cuff accessories, care ports, and patient monitors. Such developments are expected to propel the global IoT in healthcare market to newer heights.

Some of the leading companies in the global market for internet of things in healthcare market include names such as Medtronic Inc., Honeywell International Inc., IBM Corporation, General Electric Company (GE Healthcare), and Microsoft Corporation among others.

As per the research report, the global IoT in healthcare market is will exhibit a massive CAGR of 20.6% for the given forecast period of 2017 to 2025. With this massive growth rate, the valuation of the global market is estimated to reach the mark of US2.77 bn by end of 2025.