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IoT Healthcare Market from managed service segment to grow significantly over 2019-2024
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Connected devices allows automatic transfer and exchange of data ruling out the need for re-entering information. Concerns associated with the integration of different components in a network, their ability to work on different systems is a major challenge to mass adoption of such solutions. Factors such as lack of interoperability of devices coupled with the data security & privacy concerns might curb 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.
Emergence of advanced digital solutions in the industry is addressing the needs for remote clinical monitoring and provide preventive care solutions. Rising instances of chronic diseases coupled with the demand for cost-effective diagnostic solutions provide impetus to the IoT healthcare market growth. The technology is capable of lowering the risks associated with location-based services where various movements and activities of patients are tracked.
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IoT Healthcare market is expected 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.
Companies operating in the industry 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.
Glimpse of Table of Content (ToC): -
Chapter 4. IoT Healthcare Market, By Platform
4.1. Global market share by platform, 2016 & 2024
4.2. Network management
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Device management
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Application management
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. IoT Healthcare Market, By Technology
5.1. Global market share by technology, 2016 & 2024
5.2. Sensor
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. RFID
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Connectivity technology
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
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