Press release
Internet of Medical Things (IoMT) Market will rise due to increasing demand for connected medical devices | Koninklijke Philips N.V., Honeywell Life Care Solutions, BIOTRONIK, Boston Scientific Corporation
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Key Trends
The key trends in Internet of Medical Things (IoMT) technology are:
1. The increasing use of sensors and wearable devices to monitor patients health.
2. The use of big data and analytics to improve patient care.
3. The use of cloud computing to store and share medical data.
4. The increasing use of mobile technologies to access medical data.
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Key Drivers
The key drivers of IoMT market are as follows:
The increasing demand for connected medical devices and the need to store and manage large amounts of patient data are the key drivers of the IoMT market.
The rising number of chronic diseases and the growing aging population are also fueling the growth of the IoMT market.
The increasing adoption of Bring Your Own Device (BYOD) policies in healthcare organizations is another driver of the IoMT market.
The rising number of partnerships and collaborations between technology companies and healthcare organizations is also driving the growth of the IoMT market.
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Market Segments
The Internet of Medical Things (IoMT) Market is segmented by product, type, connectivity technology, and region. By product, the market is divided into blood pressure monitor, glucometer, cardiac monitor, and others. Based on type, it is bifurcated into wearable, implantable, stationary and others. On the basis of connectivity technology, it is classified into Bluetooth and Wi-Fi. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Internet of Medical Things (IoMT) Market includes players such as Medtronic, GE Healthcare, Koninklijke Philips N.V., Honeywell Life Care Solutions, BIOTRONIK, Boston Scientific Corporation, Johnson & Johnson Services, Inc., Siemens AG, Omron Healthcare, Inc. and BioTelemetry, Inc.
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