IoT in Healthcare: Assessment of Worldwide Markets and the Implications of COVID-19
DUBLIN, Sept. 2, 2020 /PRNewswire/ -- The "Global IoT in Healthcare Market by Component, by Connectivity, by Application, by Geography and the Impact of COVID-19 (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The demand for IoT in the healthcare industry is growing exponentially.
The global IoT in the healthcare market was approximately $104 billion in 2019 and is expected to grow with a CAGR of 18% from 2020 to 2025. COVID-19 has an impact on the growth of IoT in the healthcare industry. The slowdown in market demand due to lockdown and decline in the financial health of the industry is expected to impact the market.
The major factors fueling the growth of the IoT in healthcare market are the rising focus on active patient engagement and patient-centric care, growing need for adoption of cost-control measures in the healthcare sector, and growth of high-speed network technologies for IoT connectivity, and increasing focus on patient-centric service delivery through various channels. Information security, interoperability, and regulatory are some of the challenges in the market.
The number of connected medical devices is expected to reach more than 50 billion over the next decade. These interconnected devices will generate continuous data, stored either in the healthcare facility or in the cloud. The total amount of data created by IoT devices will reach more than 800 ZB per year in 2021. The new development such as Telehealth will create a good opportunity for IoT in the healthcare industry. With IoT, telehealth is possible. It can help diagnose and treat chronic diseases even for patients who live in remote areas. The remote health monitoring is gaining popularity is because of the vast varieties of biosensors and medical wearables that are available readily in the market.
IoT is revolutionizing the healthcare industry. Doctors are now able to better diagnose and treat patients, prescribe targeted and personalized medicine, as well as improve communication and workflow for hospital staff. There are demands for greater technological advancement and that is why healthcare IoT is establishing itself in the modern everyday living. IoT will become the biggest source of data on the planet. The human-oriented data, like medical history, medication, and allergies, laboratory test results, personal statistics, and age, amongst many other things, were to be digitized as part of the electronic health initiatives.
The analyst sees the healthcare sector open the door for the IoT players and hence this report aims to quantify the opportunity through extensive primary research. The report will be a crucial source of information & insights for companies operating in the IoT space as well as companies that want to enter this very promising sector.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Connected Cars Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.
- The report also contains a competitive analysis using IGR Positioning Quadrants and a proprietary competitive positioning tool.
Report Highlights
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
- Impact of COVID-19 on the market
Key Topics Covered
1. Executive Summary
2. Approach & Methodology
3. Sensor Market Landscape
- Introduction
- Key Stakeholders in the Value Chain
- Industry Drivers and Challenges
- Emerging Trends
- Industry SWOT
- COVID-19 Impact in Sensor Market
4. Sensor Application Landscape
5. Sensor Market, By Sensor Type
- Pressure Sensor
- Piezoresistive
- Capacitive
- Resonant Solid State
- Electromagnetic
- Optics
- Others
- Image Sensor
- CMOS
- CCD
- Others
- Temperature Sensor
- Thermocouple
- Resistive Temperature Detector
- Temperature Sensor IC
- Thermistor
- Others
- Position Sensor
- Contact
- Non-Contact
- Chemical Sensor
- Electrochemical
- Optical
- Others
- Bio Sensor
- Electrochemical
- Optical
- Piezoelectric
- Thermal
- Others
- Flow Sensor
- Electromagnetic
- Thermal
- Others
- Level Sensor
- Contact
- Non-Contact
- Radar Sensor
- Imaging
- Non-Imaging
- Motion Sensor
- Others
6. Sensor Market, By End-Use Industry
- Automotive
- Aerospace & Defense
- Industrial
- Electronics
- Healthcare
- Others
7. Sensor Market, By Region
- Global Sensor Market by Region
- North American Sensor Market
- Market by Country
- US
- Canada
- Mexico
- Market by Sensor Type
- Market by End Use Industry
- European Sensor Market
- Market by Country
- UK
- Germany
- France
- Market by Sensor Type
- Market by End Use Industry
- APAC Sensor Market
- Market by Country
- China
- Japan
- India
- South Korea
- Market by Sensor Type
- Market by End Use Industry
- Rest of the World Sensor Market
- Market by Country
- Middle East
- Africa
- Market by Sensor Type
- Market by End Use Industry
8. Market Attractiveness Analysis
- Growth Opportunities by Region
- Growth Opportunities by Sensor Type
- Growth Opportunities by End Use Industry
9. Competitive Landscape
- Product Portfolio
- Strategic Analysis
- Porters Five Forces
- IGR Positioning Quadrants
10. Company Profiles of Leading Players
- ABB
- NXP Semiconductor
- Robert Bosch
- Sensate
- MTS Systems
- Sony
- STMicroelectronics
- Analog Devices
- Texas Instruments
- Infineon Technologies
11. Go to Market Strategy
For more information about this report visit https://www.researchandmarkets.com/r/enzz8c
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