The IoT Healthcare Market is expected to grow at a CAGR of 19.1% during the forecast period and reach USD 230.53 billion by 2026.

IoT Healthcare Market 2021

Advancements in technology have transformed every industry, including healthcare, business, and finance. Amongst all, the healthcare sector remains the fastest to adopt technological changes to revolutionize diagnosis and treatment. Internet of things (IoT) offers benefits such as improved effectiveness and enhanced quality of services by deployment through medical devices. Moreover, a majority of hospitals have introduced smart beds to determine whether a bed is occupied or not. IoT technologies help healthcare organizations by providing health management, personalization of care and improved patient engagement to remain more competitive and attract more customers in an ever-more consumer-driven market. Increasing demand for technologically-advanced IoT-embedded medical devices around the globe has been boosting market growth.

Increasing penetration of connected devices in healthcare and rapid reduction in cost of care are some of the key factors driving the growth of the IoT healthcare market. Healthcare organizations use connected devices that are positioned close to a patient’s body, such as glucose monitors, ECG monitors, pulse oximeters, and blood pressure monitors. According to Cisco systems Inc., more than 50 billion devices will be connected to the Internet worldwide by 2023. In addition, IoT technology helps healthcare organizations by cutting down the cost of adding full-time employees to assist in specific departments. Internet of things also helps healthcare organizations cut down costs by 25% to 35%, depending on individual use cases, thereby allowing organizations to derive greater business value from their data assets. 

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The Major Manufacturers Covered in this Report:
Medtronic (U.S.), Royal Philips (Netherland), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), GE Healthcare (U.S.), Microsoft Corporation (U.S.), and SAP SE (Germany), Infosys Limited, Cerner Corporation., Diabetizer Ltd. & Co. KG

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:
By Component

Medical Devices
Services
Systems & Software

By Application

Telemedicine
workflow Management
Connected Imaging
Inpatient Monitoring
Medication Management
Others

By End User

Hospitals
Surgical Centres, and Clinics
Clinical Research Organizations (CROs)
Governments
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Why Buy This Report?

The healthcare industry is poised to witness massive growth in the coming years, owing to innovations in fields such as connected and wearable devices.  Many leading organizations are investing in IoT to accommodate this growth and realise ROI in the long term.

Hospital, clinics, and other healthcare organizations are rapidly deploying IoT solutions. For instance, Aruba network has projected that 87% of healthcare organizations will be using IoT technology in their facilities by 2019. It also predicted that 73% of applications of IoT in healthcare will be used for remote patient monitoring and maintenance, 50% for remote operation and control, and 47% for location-based services.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the IoT Healthcare Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the IoT Healthcare Market sub-markets, depending on key regions (various vital states).
To analyze the Global IoT Healthcare Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global IoT Healthcare Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions to 2026.
Primary worldwide Global IoT Healthcare Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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