Internet of Things in Healthcare Market to grow from a market value USD 40.861 billion to USD 243.782 billion by 2023| Major Players - IBM CORPORATION, INTEL CORPORATION, ERICSSON AB, CISCO SYSTEMS INC., MICROSOFT CORPORATION, GE HEALTHCARE, QUALCOMM TECH

Market Analysis:

Asia Pacific to Show the Highest Growth Rate
Asia-Pacific is expected to witness the highest growth rate, owing to the initiative taken by the governments to provide healthcare access to its population. Fuelled by these robust investments, the nation-state has some of the region’s strongest and most advanced infrastructure frameworks.

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As the technology continues to evolve, internet of things in the healthcare market is likely to grow at an impressive rate, as it could be highly useful in improving the current healthcare setup. Integrating IoT features into medical devices improves the quality and effectiveness of service. More advanced and streamlined approaches, within the scope of the digital transformation of healthcare, are expected to be used with regards to health data aspects, where IoT plays an increasing role, as it does in specific applications, such as smart pills, smart home care, personal healthcare, robotics, and Real-Time Health Systems (RTHS). Hardware is the largest adopter of IoT technology, as it offers several advantages not only to the end consumer of healthcare services, but also to medical device manufacturers. Emergence of big data and technological advancements is expected to drive the market.

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Market Segments:
Internet of Things in Healthcare Market is segmented by:
1. Application: Patient Monitoring, Mobile Health, Others
2. Component: Hardware, Software, Services
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• November 2017 - Amazon Web Services announced solutions related to healthcare IoT, data management, and cloud computing.
• October 2017 - Intel announced the launch of its Health Application Platform (Intel HAP), an application software platform designed to be used by the remote care solution providers, to enable a variety of remote healthcare usage models.
• February 2017 - VMware and VizExplorer partnered to deliver integrated IoT solutions.

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