openPR Logo
Press release

Internet of Medical Things (IoMT) Market 2022 Size & Share | Market worth USD 142.45 billion with 28.9% CAGR by 2027

01-28-2022 08:17 AM CET | Health & Medicine

Press release from: Fortune Business Insights

Internet of Medical Things (IoMT) Market

Internet of Medical Things (IoMT) Market

The global “Internet of Medical Things Market” is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth.

According to a recent study by Fortune Business Insights™ titled, “Internet of Medical Things (IoMT) Market Size, Share & Industry Analysis, By Product Type (Stationary Medical Devices, Implanted Medical Devices, Wearable External Medical Devices), By Application (Telemedicine, Medication Management, Patient Monitoring, Others), By End User (Healthcare Providers, Patients, Government Authorities, Others) and Regional Forecast, 2019-2026,” the market value stood at USD 18.75 billion in 2018.

Get Request a Sample Copy of the Internet of Medical Things Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/internet-of-medical-things-iomt-market-101844

What is the Scope of this market?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

Geographical Analysis:
• North America (The U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and the Rest of Latin America)
• The Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)

Major Internet of Medical Things Market Key players covered in the report include:

• GENERAL ELECTRIC COMPANY (GE Healthcare)
• Boston Scientific Corporation
• Medtronic
• Johnson & Johnson Services, Inc.
• Cisco Systems, Inc.
• Welch Allyn
• IBM Corporation
• Siemens Healthcare GmbH
• Koninklijke Philips N.V.
• Others

Internet of Medical Things Market Analysis 2022:

Increasing Awareness about Advantages of Smart Healthcare Products to Drive Market

The Internet of medical things offers various advantages such as real-time monitoring, improved drug management, improved patient outcomes, and a reduction in medical expenditure. The above factors are driving the IOMT market growth. Besides this, the improved efficiencies of smart healthcare devices, coupled with the rise in research and development of advanced devices and rise in awareness about them, are expected to attract high revenues during the forecast duration. Moreover, analysts at Fortune Business Insights™ also project the increasing prevalence of chronic diseases to propel the demand for smart healthcare further, boosting the market size in the future.

Rising Awareness about Advancement in Smart Healthcare to Help Asia Pacific Witness Significant Growth

North America is holding a dominant market share with a revenue generation of USD 5.87 billion as per 2018 records. This is attributable to the rise in the prevalence of chronic diseases. In addition to this, the increasing number of product launches in this region, coupled with the upsurge in research and development initiatives by major market manufacturers are anticipated to help increase the overall market size during the forecast duration. However, the increasing disposable incomes of people, coupled with the rapid adoption of IoMT devices in Asia Pacific, will help this region rise significantly. Apart from this, the rising prevalence of chronic diseases will also help augment the overall medical things market growth in the coming years.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/internet-of-medical-things-iomt-market-101844

Emergence of New Players Will Intensify Market Competition

Major internet of medical things companies are emphasizing on expanding their geographical portfolio to stay ahead of the competition. Besides this, manufacturers are investing huge sums in R & D for developing and launching new products. Emerging companies in this market are further intensifying the competition with new product launches.

Major Industry Developments of IoMT Market Includes:

June 2016 – The first Bluetooth enables the INR/PT home health device, CoaguChek INRange was launched in nations accepting the CE Mark by F. Hoffmann-La Roche. This device helps healthcare professionals and patients to have the ability of monitoring Vitamin K Antagonist (VKA) therapy and greater control on their status of coagulation. A patient can use this device for self-testing his PT/INR data, thus reducing the overall cost spent on frequent hospital visits.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-medical-things-iomt-market-101844

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

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 Medical Things (IoMT) Market 2022 Size & Share | Market worth USD 142.45 billion with 28.9% CAGR by 2027 here

News-ID: 2539717 • Views: 322

More Releases from Fortune Business Insights

Carbon Black Market price is expected to showcase considerable growth by reachin …
As Per Report Published By Fortune Business Insights™ the global carbon black market price is expected to showcase considerable growth by reaching USD 17,027.1 million by 2027 while exhibiting a CAGR of 4.4% between 2020 and 2027. This growth is attributed to the rising rubber industry and the increasing incidence of road fatalities that is propelling the demand for advanced carbon black globally. This information is published by Fortune
Document Capture Software Market Industry Analysis, Size, Share, Trends, Demand, …
The global document capture software market size is expected to gain momentum from the increasing demand for Software-as-a-service based documents and software solutions. An unpublished report by Fortune Business Insights titled, "Document Capture Software Market Size, Share & Industry Analysis, By Deployment (On-Premise, Cloud-Based), By Solution (Multiple-channel Capture, Cognitive Capture, Mobile Capture), By Application Area (Retail, Banking, BFSI, Healthcare, IT, Telecom, Government, Other) and Regional Forecast, 2021-2028," discusses the prime
Oleochemicals Market size is expected to reach USD 52.04 billion by 2028 | Know …
The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled "Oleochemicals Market, 2021-2028." The market size stood at USD 31.42 billion in 2020. Get Sample PDF
Acrylonitrile Butadiene Styrene Market share is projected to reach USD 42,809.5 …
The global acrylonitrile butadiene styrene market share is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. The phenomenal growth in the global construction industry will be a prime growth driver for this market, states Fortune Business Insights™ The construction industry has entered a phase of prolific expansion due to the rapid growth in world population and the proliferation of residential and

All 4 Releases


More Releases for Medical

ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry. Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free