openPR Logo
Press release

Internet of Things in Healthcare Market Like to Cross $332 Billion by 2027

10-29-2020 02:38 PM CET | Health & Medicine

Press release from: Allied Market Research

Internet of Things in Healthcare Market

Internet of Things in Healthcare Market

The global internet of things in healthcare market was valued at $113.751 billion in 2019 and is expected to reach $332.672 billion by 2027, registering a CAGR of 13.20% from 2020 to 2027.

The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data. The internet of things in healthcare market is gaining popularity in the recent years owing to the rapid technological advancements, increasing investments from top players and its extensive applications in disease monitoring.

Further, rise in prevalence of chronic diseases such as diabetes, asthma, COPD and others and increase in collaborative partnership among top players majorly supplement the demands in the global IoT in healthcare market. Alternatively, the high costs for IoT system integration, data privacy and security issues, lack of awareness among people, and the lack of trained personnel in developing countries are key factors that are expected to impede the market growth.

Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/1082

The most important role of IoT as it relates to COVID-19 is likely to be one of prevention and helps to detect outbreaks before they reach mass scale. There are many launches and product development related to IoT in healthcare during Covid-19 such as mandated installation of connected thermometers in airports could be an IoT application. For instance, thermometer installation by Omdia to exceed 200 million units and is expected to reach nearly 420 million by the end of 2020.

Further, according to the WHO, Kinsa Inc. from San Francisco has used data which are gathered from its more than one million connected thermometers. This thermometer produces daily maps identifying U.S. countries posting an increase in high fevers, which is the most common symptom of COVID-19. Therefore the demand of the internet of things in healthcare market has uplifted in various applications of healthcare domain and offer opportunities for the manufacturers across the globe during the forecast period.

On the basis of component, the market is divided into devices, system & software, and services. In addition, the service segment held the major internet of things in healthcare market share in 2019, owing to growing demand for uninterrupted data flows boost the efficiency of the medical systems, enhance security, and improve informed decision-making in real-time.

However, the devices segment is estimated to be the fastest growing segment in the global internet of things in healthcare market during the forecast period owing to the advancements of the wearable sensor devices, implanted sensor devices and other stationary devices. Amongst these devices wearable device is the highest growing devices market.

This growth of the wearable devices is attributed owing tithe surge in awareness to adopt the wearable devices, increase in trend of self-monitoring and need for analysis of the healthcare data. In addition, medical wearable devices can also help measure information such as blood pressure, cholesterol, blood sugar, and others, which resulted in boosting the growth of the devices market during the forecast period.

In addition, based on application, the patient monitoring segment accounted for the largest growth in 2019, which is attributed to remote patient management and tele-health services. It is mainly used for the management of various chronic diseases such as diabetes, asthma, COPD, and others. However, drug development is expected to grow at the highest rate during the forecast period owing to improvement of supply chain efficiency by increasing visibility, reducing drugs shortages, curbing the usage of counterfeit drugs, and transparency with real-time information.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1082

Key Findings Of The Study
By component, the devices segment accounted for the highest market share of 16.60% in 2019 and is anticipated to grow at the fastest rate during the forecast period.
By region, North America was the major shareholder and accounted for the highest share of $55,271.90 million in 2019.

Asia-Pacific is expected to grow at a CAGR of 17.40% during the forecast period.

By end user, the healthcare providers segment dominated the market in 2019 and is anticipated to maintain its dominance during the forecast period.

Get detailed (COVID-19 impact) analysis:
https://www.alliedmarketresearch.com/iot-healthcare-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 Internet of Things in Healthcare Market Like to Cross $332 Billion by 2027 here

News-ID: 2176202 • Views: 586

More Releases from Allied Market Research

Ultrasonic Air Bubble Detectors Market Size & Share | Analysis - 2026
UPCOMING REPORT’S INTRODUCTION: According to an upcoming report of Allied Market Research, titled, “Ultrasonic Air Bubble Detectors Market”, the Ultrasonic Air Bubble Detectors market is expected to grow sustainably from 2020 to 2027. The report offers a comprehensive analysis of various growth drivers of the Ultrasonic Air Bubble Detectors market. The analysis ranges from revenue and operations to future growth opportunities. This comprehensive analysis of great importance for stakeholders to
World GPS Tracking Device Market - Opportunities and Forecasts, 2020-2027
Analyzing the current situation of pandemic, Allied market research has published a report t, which says, the GPS Tracking Device market is expected to grow at a faster pace by 2027. The researchers have intelligently made analysis and forecasts of the future growth by taking the past performance and data into consideration. The analysis offered by the report will surely provide valuable insights to the stakeholders of the GPS Tracking
Automotive Smart Helmet Market Statistics 2020: Advanced Technologies, Trends, C …
Allied Market Research published a new report, titled, "Automotive Smart Helmet Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. Get detailed COVID-19 impact
Hybrid Funds Market Size, Share and Growth | Analysis - 2027
INTRODUCTION TO REPORT The report published by Allied market research, titled, “Hybrid Funds Market”, offers a comprehensive analysis of key growth drivers, key segments, development strategies, market opportunities, and competitive landscape. This study offers detailed insights for market players, investors, stakeholders, and new entrants to understand the industry dynamics and determine strategic steps to gain the competitive advantage. COVID_19 Scenarios: The Hybrid Funds has been the worst hit by COVID-19 globally. Based

All 5 Releases


More Releases for IoT

Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Telecom IoT
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these