IBM Corporation, Cisco Systems, General Electric, Microsoft, Honeywell International, SAP SE, Qualcomm, Medtronic, Stanley Healthcare Profiled In IoT Healthcare Market Report 2018 by Global Market Insights, Inc.

According to Global Market Insights, IoT Healthcare Market size is set to exceed USD 10 billion by 2024. The IoT healthcare market is expanding owing to the enhancements in the quality of patient care, improved access to the care facilities, and the significant reductions in the cost of care facilities to make it affordable for the hospitals and the patients. The technology enables point of care services with the aid of IoT enabled advanced monitoring systems that use gateways, sensors, and cloud services to store and analyze the data and simultaneously communicate it to the professional doctors for further analysis. The emergence and rising need for inventory management services, growing digitalization services in the healthcare industry, enhancing workflow management, and increasing penetration of the IoT connected devices are anticipated to boost the demand for the IoT healthcare market.

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Advancing healthcare infrastructure trends across the world are projected to boost the demand for the IoT healthcare market in the forecast timespan. Additionally, the accessibility of high-speed internet across the world is bound to increase the IoT healthcare market. Rising deployment of smart sensor technology in various systems enhances the capability of IoT healthcare market devices to collect more data associated with patient’s health. The gathered data is used to enhance the patient monitoring process and analyze it to discover new treatments for various other diseases. These technological solutions therefore help bridge the gap between the physical and the digital world.

The benefits such as fast scalability in meeting customer demands followed by the upgradation in privacy & security is expected to drive the telemedicine growth in the IoT healthcare market. The application allows seamless exchange of data related to patient health via a telecommunication network, being a cost-effective option. Telemedicine solutions are specially meant for areas inaccessible to doctors where devices combined with satellite communications enable easy access.

The hardware segment of the IoT healthcare market has a high demand owing to an increase in the use of portable diagnostic devices. Portable diagnostic devices, such as heart rate monitors, can help warn the patients about increasing blood pressure or impending heart attacks. In terms of technology, the IoT healthcare market encompasses the use of Wi-Fi, Zigbee, NFC, and RFID for effective and immediate treatment of the patients.

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North American region including the U.S. and Canada is projected to hold the largest IoT healthcare market share owing to the progressive smart technology infrastructure development, the strong financial ability of the healthcare sector, and the patients to afford these services. The Asia Pacific region including India, Japan, and China is projected to witness a significant growth in the IoT healthcare market owing to the rising integration of IoT components in the healthcare systems in this region.

The U.S. IoT healthcare market is anticipated to hold majority of revenue share owing to the presence of highly advanced healthcare infrastructure coupled with the early adoption of sophisticated technologies. Mobile based applications offered by the technology providers has made it easier for facilities to share data with the patients. Increased spending on digital technologies by the regional government further contributes to the U.S. IoT healthcare market growth.

The players in the IoT healthcare market include Microsoft Corporation, IBM Corporation, Cisco Systems, Inc., General Electric, Honeywell International, Inc, Qualcomm, Inc., SAP SE, Stanley Healthcare, and Medtronic, Inc. The players are investing highly in R&D to offer cost-competitive products to the patients. Furthermore, as part of this strategy, the players are entering into partnerships with various technology players to enhance their healthcare services and gain a foothold in the IoT healthcare market.

Browse key industry insights spread across 130 pages with 155 market data tables & 12 figures & charts from the report, IoT Healthcare Market in detail along with the table of contents:

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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.

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