openPR Logo
Press release

2020 Prediction and Current COVID-19 Scenario for internet-of-medical-things (IoMT) market

09-16-2020 03:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PROPHECY MARKET INSIGHTS

Prophecy Market Insights

Prophecy Market Insights

The global internet-of-medical-things (IoMT) market accounted for US$ 24.4 billion in 2019 and is estimated to be US$ 285.5 billion by 2029 and is anticipated to register a CAGR of 28.0%

The report "Global Internet-of-Medical-Things (IoMT) Market, By Product Type (Smart Wearable Devices, Home-Use Medical Devices, and Point-Of-Care Kits), By Services (On-Premise Based Services and Cloud-Based Services), By Application (Real-Time Monitoring, End-to-End Connectivity, Data Assortment & Analysis, Tracking & Alerts, and Remote Medical Assistance), By End-user (Hospitals & Clinics, Research Institutes & Academics, and Homecare), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In November 2018, Qualcomm Life, Inc., a subsidiary of Qualcomm Incorporated announced several new offerings on its smart platform that make data more visible and actionable, empowering clinicians and care givers to make better insight-based decisions about their patients. The platform connects medical devices and clinical systems, collects and contextualizes all available data, and securely integrates data into other systems and applications.
Proteus Discover protocol consist of ingestible sensors, a small wearable sensor patch, an application on a mobile device and a provider portal. Once activated, Proteus Discover unlocks never-before-seen insight into patient health patterns and medication treatment effectiveness, leading to more informed healthcare decisions for everyone involved.

Download Free sample copy of this report @
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4379

Analyst View:

Growing awareness about benefits of smart healthcare products

Real-time monitoring, reduction in medical expenditure, improved drug management, and improved patient outcomes are the various advantages benefits offered by the Internet of medical things. These factors are influencing the IoMT market growth. In addition, rise in research and development of advanced devices coupled with the improved efficiencies of smart healthcare devices and rise in awareness about them, are projected to attract high revenues in the coming years. Furthermore, growing prevalence of chronic diseases fuels the demand for smart healthcare thus, propelling the market size in the future.

Nevertheless, growing technological advancement supported by start-ups and increasing demand for point of care medical devices countries are anticipated to support the market growth over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Internet-of-Medical-Things (IoMT) Market”, By Product Type (Smart Wearable Devices, Home-Use Medical Devices, and Point-Of-Care Kits), By Services (On-Premise Based Services and Cloud-Based Services), By Application (Real-Time Monitoring, End-to-End Connectivity, Data Assortment & Analysis, Tracking & Alerts, and Remote Medical Assistance), By End-user (Hospitals & Clinics, Research Institutes & Academics, and Homecare), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global internet-of-medical-things (IoMT) market accounted for US$ 24.4 billion in 2019 and is estimated to be US$ 285.5 billion by 2029 and is anticipated to register a CAGR of 28.0%. The market report has been segmented on the basis of product type, services, application, end-user, and region.

By product type, smart wearable segment estimates for highest CGAR, owing to their growing applications areas, increased popularity, and new product launches.
By services, the target market is segmented into on-premise based services and cloud-based services
By application, the global market is bifurcated into real-time monitoring, end-to-end connectivity, data assortment & analysis, tracking & alerts, and remote medical assistance.
By end-user, the target market is segmented into hospitals & clinics, research institutes & academics, and homecare. Hospital segment is expected to account the dominate share in the target market due to these devices are better monitored and can be used more effectively in complex applications areas under the supervision of trained healthcare providers
By region, currently, the Internet of medical Things market in North America is projected to register for major revenue share in the global market. This is mainly attributed due to the presence of major players in this region and early adoption of IoT technology by end-use industries in countries.

Competitive Landscape:

The prominent player operating in the global internet-of-medical-things (IoMT) market includes Medtronic Inc., Koninklijke Philips N.V., IBM Corporation, GE Healthcare, Qualcomm Life Inc., Cisco Systems Inc., Stanley Healthcare, Microsoft Corporation, Proteus Digital Health Inc., and Honeywell Care Solutions.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Request discount:-
https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4379

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Contact Us:
Mr Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
Email: sales@prophecymarketinsights.com“

About us:
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 2020 Prediction and Current COVID-19 Scenario for internet-of-medical-things (IoMT) market here

News-ID: 2135466 • Views: 236

More Releases from PROPHECY MARKET INSIGHTS

Dental Equipment Market is estimated to be US$ 20.60 billion by 2030 with a CAGR …
Dental Equipment Market accounted for US$ 6.6 billion in 2020 and is estimated to be US$ 20.60 billion by 2030 and is anticipated to register a CAGR of 12.3%. Dental equipment are used by the dentists to treat the dental disorders, for oral surgeries and dental implants. Dental instruments are the tools provided by dentist during dental treatment to examine dental disorders. Rise in dental disorders has increased the dental
Light Therapy Market is estimated to be US$ 1250.76 Million by 2032 with a CAGR …
Light Therapy is also known as phototherapy. Light therapy is the use of light in treatment of mental and physical illness. Light therapy is non-invasive procedure which uses light energy for repairing and regenerating damaged skin. Light therapy includes benefits like elevation of ATP production which results in increasing energy for cells. Light therapy is used to treat SAD (seasonal affective disorder) which is type of depression that occurs during
Masterbatch Market is estimated to be US$ 5.9 billion by 2022 with a CAGR of 6.8 …
The production of color masterbatches follows the process of identifying and weighing pigments and additives, mixing these pigments and additives with a carrier resin or polymer by heat treatment and typically twin screw extrusion and cooling, and forming the concentrated mixture into granule size. Masterbatch allows processors to economically color raw polymers, which are already premixed compositions, and their use eliminates problems with insufficient dispersion or clumping of additives or
Deep Learning Systems Market is estimated to be US$ 193.01 billion by 2030 with …
Deep learning system is a subset of artificial intelligence which comprises of hierarchical levels of artificial neural networks in order to carry out the process of machine learning. Artificial neural networks are built like the human brain, with neuron nodes connected together like a web. The deep learning system applies nonlinear transformations and model abstractions of high level in large databases. Increasing technological advancement, rising demand for cyber security and

All 4 Releases


More Releases for IoMT

Internet of Medical Things Market (IOMT)
Internet of Medical Things Market to Hit US$ 172.4 Bn by 2030 The internet of medical things market size is expected to hit US$ 172.4 billion by 2030 and poised to grow at a CAGR of 15.9% during the forecast period 2021 to 2030. Download Sample Report: https://mnemonicsresearch.com/download-brochure/internet-of-medical-things-market According to Mnemonics Research, global internet of medical things market was reached at US$ 39.3 billion in 2020. The rising expenditure in the adoption of
IoMT (Internet of Medical Things) to drive the Fibromyalgia Antidepressants Mark …
The Fibromyalgia Antidepressants Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time taken
IoMT (Internet of Medical Things) to drive the Gene Expression Analysis Market
The Gene Expression Analysis Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time
IoMT (Internet of Medical Things) to drive the Home Care Services Market
The Home Care Services Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time
IoMT (Internet of Medical Things) to drive the Peripheral Intravenous Catheter M …
The Peripheral Intravenous Catheter Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time
IoMT (Internet of Medical Things) to drive the Surgical Lamps Market
The Surgical Lamps Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time taken