IoT Healthcare Market Share, Revenue (Amazon.com, Cisco Systems Inc., General Electric, Hitachi Ltd., Honeywell, Huawei Technologies Co. Ltd., IBM, Intel, Medtronic Inc, Microsoft, NEC Corporation, Oracle, PTC Inc, Qualcomm Inc., SAP SE, Verizon, Zebra Te

IoT healthcare market has been projected to witness notable growth prospects owing to the robust developments in healthcare infrastructure. Increasing prevalence of chronic diseases across the globe coupled with rising expansion of digitalization in the healthcare sector will drive the IoT healthcare market growth over the next few years.

Global IoT healthcare market is expected to surpass USD 10 billion by 2024. Several hospitals and regional governments are taking initiatives to deploy IoT across healthcare applications, due to increase in the requirement for communication and mobility in medical care. Smart wearables have now become common, which are increasingly being explored by healthcare companies and organizations to gather and analyze vital patient data.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Amazon.com Inc.
2. Cisco Systems Inc.
3. General Electric
4. Hitachi Ltd.
5. Honeywell International Inc.
6. Huawei Technologies Co. Ltd.
7. IBM Corporation
8. Intel Corporation
9. Medtronic Inc
10. Microsoft Corporation
11. NEC Corporation
12. Oracle Corporation
13. PTC Inc
14. Qualcomm Inc.
15. SAP SE
16. Verizon
17. Zebra Technologies

Managed service segment in IoT healthcare market is projected to grow substantially over the estimated timeline. Numerous companies are broadening their reach into the healthcare sector and aiding to support digital solutions that enhance the quality of care and patient experience. With the deployment of the technological solutions and integration of several advanced systems the healthcare department is evolving at a rapid pace.

AI-enabled medical devices and enhancement in the support & maintenance services offered to users will help in optimizing patient outcomes as well as be beneficial to users in terms of reducing risk in business operations. Moreover, the wide usage of such services helps in lowering of total cost of ownership and secure the valuable resources of the firm to focus more on core competencies.

From the last few years, the integration of advanced digital solutions and internet of things have changed the perception of healthcare institutions. These digital solutions aid in addressing the needs for remote clinical monitoring and provide several preventive care solutions. Digital transformation has revolutionized the healthcare sector in a robust way right from the medical care data maintenance to smart diagnosis.

Increase in the number of patients suffering from critical diseases along with the growing demand for affordable diagnostic solutions will provide a remarkable momentum to IoT healthcare market growth. Internet of things and artificial intelligence are gaining substantial traction due to the capability of reducing the risks related to location-based services, where several movements and activities of patients are tracked.

Various healthcare companies are increasingly focusing on producing advanced wearable devices such as fitness trackers to monitor, diagnose, and prevent future illnesses. Reports estimate that wearable has been seen to bring down the healthcare costs and assists with the early diagnosis of a patient's health condition, which would also help in easier treatment.

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Smart wearable devices analyze real-time data and use it to improve the efficiency of the users resulting in the occurrence of fewer errors. Major players in the healthcare sector are now venturing into integrating smart wearable technology on a large scale due to notable benefits it can deliver to customers. Adoption of such advanced technological solutions is on the rise and offers substantial growth opportunities to the IoT healthcare market.

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