Internet of Things (IoT) in Healthcare Market CAGR of 25.9% SWOT analysis, Growth, Share, Size and Demand outlook by 2030 - International Business Machines Corporation (IBM), Intel Corporation, Ericsson, Koninklijke Philips NV

The market is projected to grow from USD 89.07 billion in 2022 to USD 446.52 billion in 2028 at a CAGR of 25.9% during the 2021-2028 period.
The Internet of Things (IoT) in Healthcare market is predicted to grow significantly between 2022 and 2030, the forecast period. The market is expanding steadily, and due to major players increasing adoption of strategies, the market is anticipated to increase during the anticipated time frame. The company's corporate structure, operations, core goods and services, prospects, locations, subsidiaries, key executives and their biographies, as well as its main rivals, are all examined in the «Product» market profile. This Internet of Things (IoT) in Healthcare market profile contains financial information such as efficiency ratios, liquidity and leverage, revenue patterns, profitability, growth, margins, and returns. Furthermore, because it addresses a variety of subjects that market participants need to be aware of to remain competitive, it aids new enterprises in conducting a favourable evaluation of their business plans.

Market Overview:
The Internet of Things in healthcare connects all devices and operating machines and allows data to be transferred and stored using the internet. Rising demand for connected medical devices and automated remote patient care is likely to drive market growth.
Major Key Players in Internet of Things (IoT) in Healthcare market:
International Business Machines Corporation (IBM), Intel Corporation, Ericsson, Koninklijke Philips NV, Proteus Digital Health, Medtronic, Cisco Systems, Microsoft Corporation, GE Healthcare, Qualcomm.

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By Component
Devices
• Implantable Sensor Devices
• Wearable Sensor Devices
• Others Sensor Devices
System and Software
• Network Layer
• Database Layer
• Analytics Layer
Services
• Architecture (System integration)
• Consulting
• Application Development (support and maintenance)

By Application
Patient Monitoring
Clinical Operation and Workflow Optimization
Clinical Imaging
Fitness and Wellness Measurement
Drug Development

Industry Insights
October 2020 - Microsoft Corporation announced a strategic partnership with the Carl Zeiss Group to enhance patient care through data-driven healthcare solutions. The two companies aim to enhance therapy, device management and improve clinical workflow using new digital connectivity solutions.
May 2019 - General Electric announced a partnership with NASSCOM to launch and deliver digital health solutions and services in the market. The partnership aims to flourish digital healthcare through NASSCOM's Center of Excellence-Internet of Things (CoE-IoT) platform.
Regional Analysis:
North America led the market in 2018. The growth is attributed to the growing popularity of healthcare IT solutions, presence of major companies, legislative initiatives such as HITECH Act, 2009, and availability of complex healthcare IT infrastructure in the region.
The US accounted for the largest revenue share in North America and is expected to maintain its dominance during the forecast period. Technological advancements and various government initiatives facilitating the adoption of digital platforms in the life sciences industry are the key factors contributing the largest revenue share. Various initiatives are being taken to develop eHealth and clinical interoperability, which is also driving the market.
Asia Pacific is expected to be the fastest growing regional market. Improving healthcare IT infrastructure, initiatives to increase connected healthcare services, and increasing adoption of advanced technologies such as smart wearable devices are key factors driving the growth of the region. Rising investments by medical device and pharmaceutical companies in the region are also expected to drive the demand for IoT technology.

The report also examines the current concerns and their Future Effects on the Internet of Things (IoT) in Healthcare market by the region. The report covers all-region and countries of the Internet of Things (IoT) in Healthcare Market. The market has been segmented into numerous primary geographies and a Detailed evaluation of primary countries
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Reasons to Purchase This Report:
This report provides an in-depth analysis of the Internet of Things (IoT) in Healthcare market as well as recommendations for formulating growth-oriented strategies. This covers the study's goals and parameters along with a summary of the major market sectors and participants that were examined. Additionally, years considered for the research study are included. It discusses market use cases, top market trends, regional market sizes, and global market sizes with a strong emphasis on industry trends. Market share and regional growth rates are also covered.

The following points were extensively researched:
- Key Players:- Here, the Internet of Things (IoT) in Healthcare market research focuses on mergers and acquisitions, expansions, analyses of important players, company founding dates, markets served, manufacturing infrastructure, and revenue of key players.
- Breakdown by Product and Application: Information on market size by product and application is provided in this section.
- Regional Analysis: The report examines each area and nation based on market size by product and application, major players, and market forecast.
- Profiles of International Players: On the basis of their gross margin, pricing, sales, revenue, business, products, and other firm information, participants are rated in this game.
- Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analysed in the report.
- Key Findings of the Research Study.
Appendix: It includes information about the research methodology, data sources, and authors of the study, as well as a disclaimer.

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