Growth Factor Details of Internet of Things (IoT) in Healthcare Market including Emerging Technologies, Latest Trends and Leading Companies: Medtronic PLC, Royal Philips, Cisco Systems Inc., IBM Corporation, GE Healthcare, Microsoft Corporation, Qualcomm
Internet of Things (IoT) in Healthcare integrates advance technology with medical devices to collect or exchange data, which can be used to create a well-organized healthcare system in terms of energy, time, and cost. Integration of IoT with medical devices helps to monitor patients more effectively. Data obtained from device assist physicians and healthcare providers to make decision regarding patients who require more care and attention. Moreover, Internet of Things (IoT) in Healthcare helps in proactive management of disease by providing early diagnosis with accurate data.
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According to a new study published by Polaris Market Research the Internet of Things (IoT) in Healthcare Market is anticipated to reach USD 477.9 billion by 2025.
One of the important components of IoT based healthcare management system is e-health. Among various other services, an online appointment service is the most common e-health service. Online appointment services allow easy as well as quick access to online healthcare record of patient along with online interaction of a physician. Moreover, these service tracks and monitors location of specialist and patients and alarms user before expiry of equipment.
Increasing prevalence of chronic disease such as cardiovascular disease, neurological and cancer ailments, increasing demand for cost-effective disease management, advancement in IoT technology, and implementation of favorable government regulatory policies are the some of the key factors driving growth of the Internet of Things (IoT) in Healthcare Market.
The key players operating in Internet of Things (IoT) in Healthcare Market include: -
• Medtronic PLC
• Royal Philips
• Cisco Systems Inc.
• IBM Corporation
• GE Healthcare
• Microsoft Corporation
• SAP SE
• Qualcomm Life Inc.
• Koninklijke Philips N.V.
• Honeywell Life Care Solutions
• Stanley Healthcare
Major market players are focused on strategic partnership, innovative product launches to maintain their positions in IoT healthcare market.
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• By component, the Internet of Things (IoT) in Healthcare Market is segmented into system and software, medical devices, and services. The system and software segment are expected to witness highest growth during the forecast period. System and software segment are further segmented into network management, remote device management, data analytics, application and network security. The medical devices segment is further segmented into implantable, stationary, and wearable medical devices. The services segment by component is further segmented into three major categories including managed services, system integration & consulting services, and support & maintenance services.
• By end user, the Internet of Things (IoT) in Healthcare Market is further segmented into hospitals, clinics and surgical centers, clinical research organization, diagnostics and research labs, and defense and government institutes. Clinical Research Organization (CRO) segment is expected to register high growth during the forecast period. Increasing adoption of IoT in pharmaceutical and biotechnology industry for development of efficient healthcare infrastructure is expected to drive the growth of this segment in the global market.
Table of Content of Internet of Things (IoT) in Healthcare Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Internet of Things (IoT) in Healthcare Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
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