Internet of Medical Things Market 2020 Global Industry Size, Regional Industry Development, Global Trends and Forecast to 2026

The global internet of medical things (IoMT) market size is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth.

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Leading Players operating in the Internet of Medical Things Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Biotronik
o GENERAL ELECTRIC COMPANY (GE Healthcare)
o Boston Scientific Corporation
o Medtronic
o Johnson & Johnson Services, Inc.
o Cisco Systems, Inc.
o Welch Allyn
o IBM Corporation
o Siemens Healthcare GmbH
o Koninklijke Philips N.V.
o Others

Increasing Awareness about Advantages of Smart Healthcare Products to Drive Market

The Internet of medical things offers various advantages such as real-time monitoring, improved drug management, improved patient outcomes, and a reduction in medical expenditure. The above factors are driving the IOMT market growth. Besides this, the improved efficiencies of smart healthcare devices, coupled with the rise in research and development of advanced devices and rise in awareness about them, are expected to attract high revenues during the forecast duration. Moreover, analysts at Fortune Business Insights(TM) also project the increasing prevalence of chronic diseases to propel the demand for smart healthcare further, boosting the market size in the future.

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Rising Awareness about Advancement in Smart Healthcare to Help Asia Pacific Witness Significant Growth

North America is holding a dominant market share with a revenue generation of USD 5.87 billion as per 2018 records. This is attributable to the rise in the prevalence of chronic diseases. In addition to this, the increasing number of product launches in this region, coupled with the upsurge in research and development initiatives by major market manufacturers are anticipated to help increase the overall market size during the forecast duration.

Detailed Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Start-ups Fundings: Overview
4.2. Technological Advancements in IoMT Devices
4.3. Key Industry Developments - Acquisitions, Mergers, and Partnerships
4.4. New Product Launches
4.5. New Application Areas: Overview
4.6. Key Industry Trends
5. Global Internet of Medical Things (IoMT) Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast - By Product Type
5.2.1. Stationary Medical Devices
5.2.2. Implanted Medical Devices
5.2.3. Wearable External Medical Devices
5.3. Market Analysis, Insights and Forecast - By Application
5.3.1. Telemedicine
5.3.2. Medication Management
5.3.3. Patient Monitoring
5.3.4. Others
5.4. Market Analysis, Insights and Forecast - By End User
5.4.1. Healthcare Providers
5.4.2. Patients
5.4.3. Government Authorities
5.4.4. Others
5.5. Market Analysis, Insights and Forecast - By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa

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Report Focus:

o Extensive product offerings
o Customer research services
o Robust research methodology
o Comprehensive reports
o Latest technological developments
o Value chain analysis
o Potential Internet of Medical Things Market opportunities
o Growth dynamics
o Quality assurance
o Post-sales support
o Regular report updates

Reasons to Purchase this Report:

o Comprehensive analysis of the Internet of Medical Things Market growth drivers, obstacles, opportunities, and other related challenges.
o Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
o Identifies market restraints and boosters.
o Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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