IoT in Healthcare Market to Witness a Pronounce Growth US$ 135.87 billion in 2025 - The Insight Partners - Impact of COVID-19 Pandemic and Global Analysis

The IoT in Healthcare helps in delivery of healthcare facilities through improved communication, between patients and healthcare providers, via connected medical devices. IoT in Healthcare enable the stakeholders particularly, providers and patients, to enhance patient care, reduce costs related to healthcare, reduction in errors, improved patient experience, and improved patient outcomes along with better disease management. The growth of the IoT in healthcare market is attributed to the increased adoption of smart devices and wearables, need for workforce optimization, and decreasing cost of sensors. However, high cost associated with smart devices and IoT infrastructure, security and privacy concerns and varying standards and lack of interoperability are the major factor hindering the market growth.

The IoT in healthcare market was valued at US$ 20.15 billion in 2015 and it is projected to reach US$ 135.87 billion in 2025; it is expected to grow at a CAGR of 21.2% from 2016 to 2025.

The Insight Partners has introduced a new report titled as Global IoT in Healthcare market into its database that is formed by the means of primary and secondary research processes. It gives a comprehensive description to the reader about the benefits and drawbacks of the current market scenario. It also gives statistics regarding the upcoming trends and financial as well as the socio-economic aspects affecting the industry.

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Top vendors of IoT in Healthcare Market:
• GE Healthcare
• IBM Corporation
• Koninklijke Philips N.V.
• Medtronic Public Limited Company
• Microsoft Corporation
• Proteus Digital Health, Inc.
• Qualcomm Life, Inc.
• Siemens Healthcare Gmbh
• Stanley Healthcare
• Verily Life Sciences LLC

Global IoT in Healthcare Market – by Solution
• Medical Systems & Devices
• On-Body Wellness
• On-Body Healthcare
• Implanted
• Software Solutions & Tools
• Data Analytics Tools & Solutions
• Network Management Solutions
• Security Solutions

Global IoT in Healthcare Market – by Services
• Professional Services
• Integration Services

Global IoT in Healthcare Market – by Application
• Medication Management
• Patient Monitoring
• Fitness & Wellness Measurement
• Clinical Workflow Management
• Others

Global IoT in Healthcare Market – by End- User
• Patients & Individuals
• Diagnostic & Research Centers and Labs
• Hospital and Healthcare Institutes
• Government Authority

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘IOT IN HEALTHCARE Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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The IoT in Healthcare Market report includes a widespread analysis of the drivers and restraints of the market space along with information regarding the innovative development in the field. Additionally, it explains the essential constituents to gain stability and maintain a constant growth in this industry. It elaborates on the variety of techniques that are implemented by the existing key players and sheds light upon the modifications required to suit the progressions in the Global market.

The report enables new and existing businesses to address concerns regarding the flexibility and growth prospects of their current approach and enhances them with sufficient knowledge to make the required alterations. It provides an intricate view of the Global IoT in Healthcare market, which emphasizes on regions such as North America, Europe, China, Japan, Southeast Asia, and India. Europe is the region among these that encompasses the highest market share while the IoT in Healthcare market shows a significant growth and is becoming the fastest growing region in the industry.

To conclude with, the report seamlessly combines the data into an integrated study that understands the importance of awareness about the intermingling factors involved in the Global IoT in Healthcare market.

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