Internet Of Things IoT In Healthcare Market 2023 - By Growth, Key Regions, Segments, Worldwide Players And Forecast To 2032

As per The Business Research Company's Internet Of Things (IoT) In Healthcare Opportunities And Strategies Market Report 2023, The global internet of things in healthcare market reached a value of nearly $130.26 billion in 2021, having increased at a compound annual growth rate (CAGR) of 0.25% since 2016. The market is expected to grow from $130.26 billion in 2021 to $354.66 billion in 2026 at a rate of 0.22%. The market is then expected to grow at a CAGR of 0.18% from 2026 and reach $828.03 billion in 2031.

The increasing adoption of smart devices and wearables in healthcare is expected to propel the growth of the internet of things (IoT) in the healthcare market going forward. A smart device refers to a linked or electronic gadget that can connect, share and communicate with its owner and other smart devices. Wearable and intelligent devices can improve the precision of health data and promote healthier behavior among users of IoT technology, leading to significant improvements in users' health and decreased healthcare costs. For instance, according to the Times of India, an India-based newspaper published in April 2022, from just a little over 200 million connected devices in India in 2019, the sweep of IoT usage, coupled with the rapid digital transformation during the pandemic, brought the number of connected devices to over 2 billion in 2021. Therefore, the increasing adoption of smart devices and wearables in healthcare is driving the internet of things in healthcare market.

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Technological advancements are a key trend gaining popularity in the internet of things (IoT) in healthcare market. Major companies operating on the internet of things (IoT) in the healthcare market are focused on developing new technological solutions to strengthen their position in the market. For example, in November 2021, GE Healthcare, a US based manufacturing company, unveiled around 60 innovative technology solutions spanning the healthcare spectrum, underpinned by artificial intelligence (AI) and digital solutions to help transform healthcare delivery, making it easier and more efficient for clinicians and health systems, and more personalized and precise for patients. In January 2021, Zyter, Inc, a Rockville based digital health and IoT-enablement platform, launched Zyter Smart Hospitals, an end-to-end intelligent solution that connects a hospital's disparate data systems, departments, people and the Internet of Things (IoT) technology devices on Zyter's robust digital communication and collaboration platform. It integrates patient medical device monitoring at the hospital bedside and at home, patient tracking, care team collaborative communication and medical asset monitoring and tracking through an entire network of connected IoT devices and sensors.

The top opportunities in the internet of things in healthcare market segmented by component will arise in the services segment, which will gain $97.4 billion of global annual sales by 2026. The top opportunities in segment by connectivity technology will arise in the wi-fi segment, which will gain $ 68.3 billion of global annual sales by 2026. The top opportunities in segment by application will arise in the hospitals and clinics, which will gain $140.7 billion of global annual sales by 2026. The top opportunities in segment by end-user will arise in the telemedicine, which will gain $52.9 billion of global annual sales by 2026. The internet of things in healthcare market size will gain the most in the USA at $ 77.6 billion.

Internet Of Things (IoT) In Healthcare Market Segmentation:
The internet of things (IoT) in healthcare market is also segmented by component, by connectivity technology, by application, and by end-user.
By Component-
a) Medical Devices
b) Systems And Software
c) Services

By Connectivity Technology-
a) Cellular
b) Wi-Fi
c) Near Field Communications
d) Satellite
e) Bluetooth
f) Zigbee

By Application-
a) Telemedicine
b) Clinical Operations And Workflow Management
c) Inpatient Monitoring
d) Medication Management
e) Connected Imaging
f) Other Applications

By End User -
a) Clinical Research Organizations
b) Government Institutions
c) Research And Diagnostic Laboratories
d) Hospitals And Clinics
e) Other End Users

By Geography -
North America was the largest region in the internet of things in healthcare market.

Major players in the Internet Of Things (IoT) In Healthcare market include IBM Corporation, Microsoft Corporation, Koninklijke Philips N.V., GE Healthcare, Cisco Systems Inc.

The regions covered in the global Internet Of Things (IoT) In Healthcare market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Internet Of Things (IoT) In Healthcare Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Internet Of Things (IoT) In Healthcare Market Report Table Of Content

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
……………………………………………
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Internet Of Things (IoT) In Healthcare Market, Conclusions And Recommendations
23. Appendix

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