Internet of Medical Things (IoMT) Market 2022-2026: Trends, Scope, Demand, Opportunity and Forecast

The Internet of Medical Things (IoMT) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Internet of Medical Things (IoMT) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Internet of Medical Things (IoMT) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Internet of Medical Things (IoMT) market.

Internet of Medical Things (IoMT) market is anticipated to witness a CAGR of 23.4% over the forecast period 2021 - 2026. 

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Top Leading Companies of Internet of Medical Things (IoMT) Market are - GE Healthcare, Koninklijke Philips NV, Medtronic PLC, Cisco Systems, Inc., IBM Corporation, Siemens AG, Welch Allyn, Inc., Boston Scientific Corporation, Johnson & Johnson Services, Inc., Biotro-nik and others.

Industry News and Updates:

- June 2019 - TCS, a leading global IT services organization, in partnership with SAP, launched an Intelligent Field Inventory Management (iFIM) solution. This solution is used to leverage IoT and blockchain to help medical device manufacturers streamline surgical kit handling.

- January 2019 - Cynerio, IoMT Startup raises USD 7 Million funding from the investors Accelmed, RDC; and MTIP. The company is planning to expand its healthcare-focused cybersecurity platform in the US.

Key Market Trends:

Increasing Penetration of Connected Devices

- IoT Medical tools and devices used in healthcare organizations are revolutionizing medical care in unique ways. Connected devices such as glucose monitors, ECG monitors, pulse oximeters, and blood pressure monitors are positioned close to a patient’s body and ensure enhanced customer satisfaction by providing round the clock medical assistance and services.
- Cisco estimates that more than 50 billion devices will be connected to the Internet worldwide, in another five to six years. Around 30% of these connected devices are estimated to be deployed in the medical field. The only challenge for manufacturers in the process of adoption is to demonstrate how connected medical devices can benefit value-based care.

North America is the Major Market for IoMT Devices

- North America is expected to hold the largest share of the IoT medical devices market during the forecast period owing to the growth of interest in self-health management among patients, the increasing prevalence of chronic diseases. The increasing number of smartphone users, greater penetration of 4G technology, and the need to address the increasing healthcare costs are expected to drive market growth in the coming years.
- The market for IoT medical devices is expected to grow at the highest CAGR in the Asia-pacific region during the forecast period. Implementation of government initiatives for the promotion of eHealth, rising medical tourism, and growing demand for quality healthcare, the increasing prevalence of chronic disorders, increasing per capita income, higher adoption of smartphones, and the growing penetration of advanced connectivity and networks in these countries are some of the factors driving the growth of the market.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Internet of Medical Things (IoMT) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Internet of Medical Things (IoMT) Market (%),2016 - 2026
- Internet of Medical Things (IoMT) Market Share, By Brand
- Internet of Medical Things (IoMT) Market Share, By Company
- Internet of Medical Things (IoMT) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Internet of Medical Things (IoMT) Market Value Analysis & Forecast
- Promising Internet of Medical Things (IoMT) Development by Major Companies
- Detailed Internet of Medical Things (IoMT) Portfolio of the Major Companies
- Major Deals in the Internet of Medical Things (IoMT) Market
- Major Companies Analysis

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