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IoT Healthcare Market Analysis 2024 | Growth by Top Companies: Cisco Systems, Qualcomm, Honeywell International, IBM Corporation, Stanley Healthcare, SAP SE, General Electric

09-05-2018 09:26 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

IoT Healthcare Market

IoT Healthcare Market

Market Overview: -

Global IoT Healthcare market is set to grow at over 15% CAGR to reach USD 10 billion by 2024. Growing demand for remote monitoring of patients is anticipated to fuel the industry growth over the forecast timeline. Adoption of smart digital solutions is on the rise across the sector. The increasing implementation of the technology to enhance various operations and improve the doctor-patient interaction provides impetus to the IoT healthcare market growth.

Improved internet connectivity across various regions followed by the increasing penetration of smartphones will drive the IoT healthcare market. The technology has huge potential to transform the industry pertaining to the advantages offered such as streamline various processes and significant cost reduction. In addition, it provides patient data in real-time helping the concerned authorities to provide simplified access to patient data as well as monitoring in real-time.

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Top Key Players: -

Companies operating in the IoT healthcare market include Cisco Systems Inc., Qualcomm Inc., Honeywell International Inc, IBM Corporation, Stanley Healthcare, SAP SE and General Electric. The industry players are increasingly investing on R&D in order to develop more advanced solutions to manage patient data and provide diagnosis in an effective way.

Market share calculation in this report is not done based on companies covered in it. The calculation of IoT healthcare market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Presence of a number of advanced healthcare establishments is predicted to drive the North America IoT healthcare market growth. Rise in investments on improvising the infrastructure by implementing advanced and intelligent technological solutions contributes to the industry demand across the region.

The solution providers offer the facilities with easy and convenient way of data transfer with patients through mobile-based applications.

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Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. IoT healthcare industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Platform trends
2.1.4. Technology trends
2.1.5. Service trends
2.1.6. Component trends
2.1.7. Application trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Software providers
3.3.3. Technology providers
3.3.4. Service providers
3.3.5. System integrators
3.3.6. Vendor matrix
3.3.7. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Rising investments for implementation of IoT solutions in the U.S.
3.6.1.2. Advanced healthcare infrastructure in the U.S. and Europe
3.6.1.3. Technological advancements in the U.S.
3.6.1.4. Accessibility of high speed internet in the Europe
3.6.1.5. Increasing penetration of smartphones in China & India
3.6.1.6. Increasing adoption of wireless patient monitoring systems in China & Japan
3.6.1.7. Aging population in Japan
3.6.2. Industry pitfalls & challenges
3.6.2.1. Data security & privacy concerns
3.6.2.2. Reluctance in deploying IoT solutions
3.6.2.3. Lack of awareness
3.6.2.4. High implementation cost
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Company market share analysis, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis

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Managed service segment in IoT healthcare market is expected to grow considerably over the forecast timespan. The growth can be credited to the capability of the service providers to integrate various systems, deployment of the technological solutions and providing support & maintenance services to the users. Hiring such service providers could be beneficial to the users in terms of minimizing risk as well as reducing costs in business operations. In addition, the use of such services helps in reduction of total cost of ownership and let the firm’s valuable resources to focus more on their core competencies.

Increasing penetration of wearables embedded with smart sensors providing crucial health information is expected to boost the IoT healthcare market growth. The wearable devices are increasingly used by individuals for monitoring body activities such as heart rate, pulse rate, muscle engagement activities and other fitness purposes. The real-time data obtained from these devices are analyzed and used to enhance the efficiency of the users resulting in occurrence of less errors. Adoption of such advanced technological solutions are on the rise and provides significant growth opportunities.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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