Global Internet of Things (IoT) in Healthcare Market Expected to Reach 322.77 Bn by 2025: Transparency Market Research

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Jul 02, 2018, 06:00 ET

ALBANY, New York, July 2, 2018 /PRNewswire/ --

According to a new market report published by Transparency Market Research, the Global IoT in Healthcare Market is expected to reach US$ 322.77 Bn by 2025, expanding at a CAGR of 20.6% from 2017 to 2025. North America held the highest market share in the IoT in healthcare market in 2016. According to the report, the global IoT in healthcare market will continue to be influenced by a range of macro-economic and industry-specific factors.

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Increasing number of internet connected devices driving the market

Internet connected devices have been introduced to monitor and diagnose patients in various ways. Tracking health information is vital for patients whether the data comes from electrocardiograms, fetal monitors, blood glucose levels, or temperature monitors. Most of these measures require follow-up with healthcare professionals, creating an opportunity for smarter electronic devices to deliver more valuable data by reducing the need for direct physician-patient interaction.

Most hospitals have started installing 'smart beds' enabling them to detect when the patient is attempting to get up and when it is occupied. It can also self-adjust to ensure that the appropriate support and pressure is applied to the patient without manual intervention. Another benefit of IoT in healthcare is integration with home medical dispensers to automatically upload data on cloud when medication is not taken or in any other case which requires the health professional to be alerted.

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Internet of Things (IoT) in Healthcare Market: Scope of the Report

The report offers detailed segmentation based on component, application, end-use, technology, and region. Based on component, the market is segmented into hardware, software, and services. The hardware component has been further classified into portable diagnostic devices and non-portable diagnostic devices. Portable diagnostic devices are further segmented into on-body wearable and others. By application, the market is segmented into telemedicine, medication management, clinical operations, patient monitoring, connected imaging and others. By end-use, the market is classified into hospitals, pharmaceuticals, and clinics & laboratories. In terms of technology, the IoT in healthcare market has been segmented into Bluetooth, Wi-Fi, NFC, Zigbee, RFID, and others which include cellular, satellite, Zwave, and EnOcean.

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Global Internet of Things (IoT) in Healthcare Market: Competitive Dynamics

Key industry participants of the IoT in healthcare market are AdhereTech Inc., Cerner Corporation, IBM Corporation, Qualcomm Technologies Inc., Cisco Inc., General Electric Company, Ericsson AB, Honeywell International, Medtronic Inc., SAP SE, Vodafone, and Zebra Technologies. Players indulge in mergers and acquisitions, new product launches, and follow forward and backward integration strategies to remain globally competitive.

Market Segmentation:

IoT in Healthcare Market Analysis, by Component

Hardware
- Portable Diagnostic Devices
  - On-body Wearable
  - Others
- Non-Portable Diagnostic Devices
Software
Services

IoT in Healthcare Market Analysis, by Application

Telemedicine
Medication Management
Clinical Operations
Patient Monitoring
Connected Imaging
Others

IoT in Healthcare Market Analysis, by End-use

Hospitals
Pharmaceuticals
Clinics & Laboratories

IoT in Healthcare Market Analysis, by Technology

Bluetooth
Wi-Fi
NFC
Zigbee
RFID
Others (Cellular, Satellite, Zwave, EnOcean)

IoT in Healthcare Market Analysis, by Region

North America
- The U.S.
- Canada
- Rest of North America
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
Middle-East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
South America
- Brazil
- Rest of South America

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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