IoT in Healthcare Market Size 2022 at 14% CAGR with Growth Opportunities, Development Outlook, and Regional Strategies 2029

The Global IoT in Healthcare Market is forecast to reach above USD 241.3 billion by 2028 by rising at a compound annual growth rate (CAGR) of 14% throughout the forecast period from 2019 to 2028

IoT in Healthcare Market Overview

The rising focus on active patient engagement and patient-centric care, the growing need for cost-control measures in the healthcare sector, the growth of high-speed network technologies for IoT connectivity, and the increasing focus on patient-centric service delivery through various channels are key factors driving the growth of the IoT in healthcare market.

Because of the rapid advancement of technology, the government is encouraged to invest in IoT to enable remote access to healthcare services. As a result, government activities promoting technology development and acceptance are likely to propel the IoT market in healthcare to significant growth.

The global IoT in Healthcare market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.

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Industry Development

October 2020 - Microsoft Corporation announced a strategic collaboration with ZEISS Group to enhance patient care through data-driven healthcare solutions. The companies aim to enhance treatment, device management and improve clinical workflow using a new digital connected solution.

May 2019 - General Electricity Company announced a partnership with NASSCOM to launch and offer digital healthcare solutions and services in the market. The partnership aims to flourish digital healthcare through the Center of Excellence-Internet of Things (CoE-IoT) platform of NASSCOM.

Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of IoT in Healthcare market manufacturers. The revenue created from the sales of IoT in Healthcare Market has been calculated through primary and secondary research.

The market size assessment also considered leading players revenues as part of triangulation the key players considered are Medtronic (Ireland), Cisco Systems (US), IBM Corporation (US), GE Healthcare (US), Resideo Technologies (US), Agamatrix (US), Armis (US), Bosch (Germany), Capsule Technologies (US), Comarch SA (Poland),  HQSoftware (Estonia), Huawei (China), Intel (US), K and Others.

The IoT in Healthcare Market has been segmented as below:

IOT in Healthcare Market by Component, 2019-2028, (In USD Billion)

Medical Devices

Wearable External Medical Devices

Implanted Medical Devices

Stationary Medical Devices

Systems And Software

Remote Device Management

Network Bandwidth Management

Data Analytics

Application Security

Network Security

Services

Deployment And Integration

Consulting

Support And Maintenance

Connectivity Technology

IOT in Healthcare Market by Application, 2019-2028, (In USD Billion)

Telemedicine

Store-And-Forward Telemedicine

Remote Patient Monitoring

Interactive Medicine

Clinical Operations And Workflow Management

Connected Imaging

Inpatient Monitoring

Medication Management

Others (Fall Detection, Sportsmen Care, And Public Safety)

IOT in Healthcare Market by End User, 2019-2028, (In USD Billion)

Hospitals, Surgical Centers, And Clinics

Clinical Research Organizations

Government And Defense Institutions

Research And Diagnostic Laboratories

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IoT in Healthcare Market: Regional Analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of IoT in Healthcare market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Geographically, the market is dominated by APAC, North America and Europe.

Major Key areas that have been focused on in the report:

Raw material supply analysis
Major trends noticed in the Global IoT in Healthcare Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.

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