IoT in Healthcare Market Size, Revenue and In-Depth Analysis to 2027 | General Electric, Microsoft, Qualcomm Life, STANLEY, Verily Life Sciences

According to the new research report published by The Insight Partners, titled “IoT in Healthcare - Global Analysis and Forecast to 2025”, the global IoT in healthcare market is expected to reach US$ 135.9 Bn in 2025, registering a CAGR of 21.2% during the forecast period 2017-2025.

IoT in Healthcare Market provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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Key Players:

Koninklijke Philips N.V.
Medtronic Plc
Siemen Healthcare GmbH
Proteus Digital Health, Inc.
IBM Watson Health
General Electric Healthcare
Microsoft Corporation
Qualcomm Life, Inc.
STANLEY Healthcare
Verily Life Sciences LLC

Strategic Insights

Market initiative was observed as the most adopted strategy in global IoT in Healthcare market. Few of the recent strategies by some of the players in IoT in Healthcare market landscape are listed below-

2016: The Office of the National Coordinator for IT (ONC) released Interoperability Standards Advisory (ISA) for the year 2017. This will enable patients’ to easily access their health data. This is an update to the ISA released in 2016.

2016: European Institute of Innovation and Technology for Health (EIT Health) funded a new research project in which Florida Atlantic University, Siemens Healthcare GmbH, Universitätsklinikum Erlangen along with other European partners will work together to develop a hybrid device for quicker diagnosis and treatment of strokes.

2016: IBM Watson Health partnered with Finnish Funding Agency for Innovation with an aim to enable Finland to utilize Watson cognitive computing to facilitate doctors enhance the health of Finland’s citizens, and support and develop the Finnish innovation and business ecosystem in the fields of health and well-being.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting IoT in Healthcare market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Key findings of the study:

North America is anticipated to account the largest IoT in healthcare market share and would register a CAGR of 23.1%.

In North America, various initiatives taken by the Federal government in the U.S. has led to increase in the market share of North America region. Also, the region is known for its early adoption of technology, which can be another reason for the demand growth for IoT in Healthcare in North America.

Based on the application type, patient monitoring is projected to dominate the market.

The government of China has signed 15 memorandum of understanding with Korean companies which enabled these companies to accelerate their technological advancement in
Chinese market by introducing telemedicine into healthcare sector of China. Such initiatives have led to increased growth in IoT in Healthcare market in APAC. Also, countries such as Singapore are adopting IoT in Healthcare technologies.

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This release was published on openPR.