UK IoT in Healthcare Market Size, Share, Trends & Forecast 2019-2025

Posted by pooja makkhar on March 12th, 2020

UK IoT in Healthcare market is expected to witness a significant growth with the CAGR of 22% during the forecast period. Use of IoT in Healthcare allows enhanced drug management. As the healthcare industry faces numerous challenges to compete with the high expense of creating and managing drugs, IoT is the major breakthrough for it. The average cost of developing an approved drug to be around 55 million along with a multi-billion-dollar fraudulent drug industry to add to the trouble. Additionally, this technology might help drug companies and healthcare providers to mollify their risks as well as losses.

Moreover, IoT healthcare allows augmented asset monitoring and tracking. Industrial-scale analytics and interconnected machines, data and people offer optimized asset monitoring and operations. Several enterprise grade technologies including distributed computing and big data analytics, asset management beside M2M communication and mobility deployed on machines, premises or cloud platforms possess capabilities to provide drastically efficient and cost-effective results by IoT applications.

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UK IoT in healthcare market is segmented on the basis of component, application, and end-users. Based on the component, the market is segmented into medical devices, software & solutions, and services. Based on the application, the market is segmented into inpatient monitoring, telemedicine, connected imaging, and drug development. Further, based on the end-users, the market is segmented into healthcare providers and research laboratories.

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UK IoT in Healthcare Market Segmentation

By Component

•          Medical Devices
•          Software And Solutions
•           Services

By Application

•          Inpatient Monitoring
•          Telemedicine
•          Connected Imaging
•          Drug Development

By End-Users

•          Healthcare Providers
•          Research Laboratories

Company Profiles

•          Cisco Systems Inc.
•          GENERAL ELECTRIC
•          Honeywell Life Care Solutions
•           IBM Corp.
•          Koninklijke Philips N.V., 
•          Medtronic Plc
•          Microsoft Corp.
•          SAP SE
•          ST. Jude Medical Inc.
•          STANLEY Healthcare

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