Internet of Things (IoT) in Healthcare Market 2019 Global Market Key Players - GE Healthcare (US), Siemens Healthineers (Germany), Medtronic (US), Philips (Netherlands) - Analysis and Forecast to 2025

Globally, the healthcare industry is rapidly transitioning from institution-centric care delivery to patient centric care delivery practices. This has led to the development and deployment of number of technologies assisting caregiver-patient interactions and gathering necessary health data to enable treatment decisions. The increasing demand of patients to access their own health data and the need for enabling effective communication with caregivers is at the center of technological innovations in the Internet of Things (IoT) in healthcare market. Meticulous Research(R) in its latest publication on Internet of Things (IoT) in Healthcare Marketstates that the global Internet of Things (IoT) in healthcare market will increase at a CAGR of 29.9% from 2019 to 2025 to reach $322.2 billion by 2025.

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The growth of the global Internet of Things (IoT) in healthcare market is mainly attributed to increasing number of digital health initiatives from governments across the globe, increasing need to reduce the cost of healthcare, rising focus on patient centric care delivery, increasing penetration of smart phones, and rapidly evolving infrastructure of high-speed networking and connectivity solutions. To provide efficient analysis, Meticulous Research(R) has segmented this market on the basis of component (medical devices, systems and software, connectivity technologies, and services), application (telemedicine, clinical operations & workflow management, medication management, inpatient monitoring, connected imaging, and others), end-user (hospitals & clinics, home care & ling-term care centers, other end users) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Geographic Review:

Geographically, North America commanded the largest share of this market followed by Europe. However, during the forecast period, the Asia-Pacific market is expected to register the fastest CAGR owing to the growing penetration of smartphones, widening internet connectivity and high-speed networks, need to manage growing burden of chronic diseases on healthcare providers, and government efforts to improve accessibility of healthcare services to remote locations. In addition, rapid infrastructure development initiatives from governments is expected to fuel a multifold growth in Internet of Things (IoT) in Healthcare Market in India and China over the coming years.

While in terms of end-user, hospitals and clinics accounted for the largest share of the IoT healthcare market owing to large and increasing number of patients visiting these facilities; growing incidence of chronic care diseases such as diabetes, cardiovascular diseases, arthritis, and cancer; growing volume of patient data; shift towards value-based care; rising need to improve the functional as well as operational efficiency in the hospitals, and growing digitalization efforts and investments by healthcare facilities.

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Scope of the Report:

Internet of Things (IoT) in Healthcare Market by Component
Medical Devices
Medical Devices Market, by Type
Stationary Devices
Implantable Medical Devices
Wearable Medical Devices
Other IoT Medical Devices Market
Medical Devices Market, by Products
Imaging Systems
Vital Signs Monitoring Systems
Implantable Cardiac Devices
Patient Monitors
Respiratory Devices
Infusion Pumps
Anesthesia Machines
Neurological Devices
Neurological Devices
Hearing Devices
Fetal Monitoring Device
Ventilators
Other IoT-enabled Medical Devices
Systems and Software
Connectivity Technologies
Services

Internet of Things (IoT) in Healthcare Market, by Application
Telemedicine
Clinical Operations & Workflow Management
Medication Management
Inpatient Monitoring
Connected Imaging
Other Applications

Internet of Things (IoT) in Healthcare Market by End User
Hospitals & Clinics
Home Care & Ling-Term Care Centers
Other End Users

Internet of Things (IoT) in Healthcare Market by Country/Region
North America
U.S.
Canada
Europe
Germany
Spain
France
U.K.
Italy
Rest of Europe (RoE)
Asia-Pacific (APAC)
Japan
China
India
Rest of APAC (RoAPAC)
Latin America
Middle East and Africa

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Key Players:

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Qualcomm Life, Inc. (U.S.), Honeywell Life Care Solutions (U.S.). Whereas, the leading players offering IoT-enabled medical devices include GE Healthcare (US), Siemens Healthineers (Germany), Medtronic (US), Philips (Netherlands), Honeywell Life Care Solutions (US), Boston Scientific (US), Johnson & Johnson (US), BIOTRONIK Germany), Omron (Japan), AgaMatrix (US), STANLEY Healthcare (US), AliveCor (US), iHealth Lab (US), and Welch Allyn (US).

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Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

This release was published on openPR.