Medical IoT (Internet Of Things) Market Size, Share | Industry Report 2024

The global medical Internet of Things (mIoT) market was valued at $43.0 billion in 2016 and is forecast to grow at a modest CAGR of 27.4% between 2017 and 2024, culminating to global revenue of $300.3 billion by 2024.

Industry at a Glance

The healthcare industry is one of the fastest to adopt the internet of things. Integration of IoT features in medical devices enhances the effectiveness and quality of service thereby bringing high value for the senior people, patients with chronic conditions, and those requiring regular supervision. Growing healthcare spending particularly on IoT solutions is expected to stimulate innovative and highly personalized, accessible, and on-time healthcare services to everyone.

As the healthcare system increasingly values efficiency and outcomes, IoT applications are changing MedTech strategy, business models, and operations. Additionally, the increasing emphasis on value-based care is changing financial incentives to a model wherein the providers are remunerated on the basis of how their patients fare instead of the number of visits, tests, or procedures performed.

Advancement of sensor technology is making the foundation of new data much easier. Cost-efficiency and performance drive the advancement and adoption of healthcare solutions primarily in hospitals. Further, technology is an enabler as well as a facilitator of extensive transformation in the industry, as the internet of health things permits digital healthcare to become an integrated part of everyone’s life.

Based on region, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounted for the majority market share in 2016 while Asia Pacific emerged as the fastest growing regional market over the forecast period. This is accredited to the growing smartphone and tablet penetration in the region along with rising consumer awareness regarding efficient healthcare services.

Click the link below to view the report description:
www.ameriresearch.com/product/medical-internet-of-things-iot-market/

Key findings from the study: -
• As the healthcare system increasingly values efficiency and outcomes, IoT applications are changing MedTech strategy, business models, and operations.
• In striving to enhance outcomes and minimize costs, healthcare providers have long resisted with several nagging challenges primarily including their interactions with their patients which are random, giving them minute insight into the daily activities that have an enormous impact on the patient health.
• Leading industry players include Medtronic PLC, Qualcomm Life Inc., Royal Philips, IBM Corporation, GE Healthcare, Microsoft Corporation, Cisco Systems Inc., SAP SE, Honeywell Life Care Solutions, and Google.

Ameri Research has segmented the Medical IoT (Internet Of Things) Market by Component, Application, End-Use and Region.

Market Segmentation:

Medical IoT Market, by Component (Revenue, USD Billion)
• Devices
• Software
• Service

Medical IoT Market, by Application (Revenue, USD Billion)
• Patient Monitoring
• Connected Imaging
• Drug Development
• Others

Medical IoT Market, by End-Use (Revenue, USD Billion)
• Research Laboratories
• Government Authorities
• Patients
• Healthcare Providers
• Others

Medical IoT Market, by Region (Revenue, USD Billion)
• North America
o U.S.
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain

• Asia Pacific
o Japan
o China
o India
o Australia

• Latin America
o Brazil
o Mexico
o Columbia

• Middle East and Africa
o South Africa
o Saudi Arabia

Browse Full Report @ www.ameriresearch.com/product/medical-internet-of-things-iot-market/

About Us:

Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-

Market Mapping
Opportunity Assessment
Positioning
Pricing Analysis
Market Entry Strategy
Competitive Intelligence
Program Evaluation
Performance Reporting
Data Analytics
Developing a culture of collaboration and curiosity, we attract the highest caliber of likeminded people having ability to influence and shape the future.

Follow us on LinkedIn for our latest upcoming reports www.linkedin.com/company/ameri-research-inc./
Follow us on Facebook for our latest upcoming reports www.facebook.com/AmeriResearchInc/
Follow us on Twitter for our latest upcoming reports www.twitter.com/AmeriResearch

Contact Us:

Ameri Research Inc.
6816 Muncaster Ct,
Tampa, FL 33625
United States.
Tel: 1-813-666-0858
Email: Inquiry@ameriresearch.com
Web: www.ameriresearch.com

This release was published on openPR.