Press release
Internet Of Things (Iot) In Healthcare Market Projected Expansion to US$ 556.71 Billion Value by 2032 with a 17.9% CAGR
Internet Of Things (Iot) In Healthcare Market
The Internet of Things (IoT) in healthcare market is poised to witness rapid growth over the forecast period. The rising awareness among industry participants and patients worldwide about IoT has escalated the use of the technology in healthcare. Besides, rising investments and the adoption of digital technologies in healthcare facilities further support the market expansion.
๐๐ฅ๐ข๐๐ค ๐ญ๐จ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐ ๐๐ฆ๐ฉ๐๐๐ญ๐๐ฎ๐ฅ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/internet-of-things-iot-in-healthcare-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โข The Internet of Things (IoT) in healthcare industry was valued at USD 128.18 billion in 2023.
โข The industry is projected to grow to USD 556.71 billion by 2032.
โข The market is anticipated to expand at a CAGR of 17.9% during the forecast period from 2024 to 2032.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ง๐ญ๐ฌ
The Internet of Things (IoT) in healthcare market is characterized by fragmentation. The competition in the industry is projected to rise with the entry of new participants. Some of the major players operating in the global market include:
โข Medtronic PLC
โข Royal Philips
โข Cisco Systems Inc.
โข IBM Corporation
โข Microsoft Corporation
โข SAP SE
โข Qualcomm Life Inc.
โข GE Healthcare Ltd.
โข Koninklijke Philips N.V.
โข Honeywell Life Care Solutions
โข Stanley Healthcare
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Internet of Things (IoT) is a term used to refer to a network of appliances and devices embedded with software, sensors, and network connectivity. IoT devices connect and exchange information with other devices on the internet or any other communication network. Unlike other systems, IoT devices can exchange data and information without human intervention. The IoT technology finds widespread applications in the healthcare domain.
IoT devices enable the automatic collection of health metrics such as temperature, blood pressure, and heart rate from patients who aren't physically present in a healthcare facility. Using IoT in healthcare results in enhanced patient health and improved healthcare operations.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/118/2
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
๐๐๐ฆ๐จ๐ญ๐ ๐๐๐ญ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ : The growing demand for remote patient monitoring solutions, driven by an aging population, rising prevalence of chronic diseases, and the need for continuous care management, fuels the adoption of IoT technologies in healthcare.
๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐๐ซ๐๐๐ฅ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ: Technological advancements in wearable devices, such as smartwatches, fitness trackers, and medical-grade wearables, offer opportunities for real-time health monitoring, disease management, and preventive care.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐๐๐ข๐๐๐ฅ ๐๐๐ฏ๐ข๐๐๐ฌ: The increasing adoption of connected medical devices, such as IoT-enabled infusion pumps, glucose monitors, and cardiac monitors, enhances data-driven decision-making, improves clinical outcomes, and reduces healthcare costs.
๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: The shift towards digitalization in healthcare, driven by initiatives to improve patient engagement, enhance care coordination, and optimize healthcare delivery, accelerates the adoption of IoT solutions across healthcare settings.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The internet of things (IoT) in healthcare market segmentation is primarily based on component, connectivity technology, end-user, application and region. By component analysis, the medical devices segment dominated the market owing to the widespread use of medical equipment. Besides, the cellular connectivity technology segment accounted for the largest market share as it supports the transfer of extensive amounts of data across great distances. Furthermore, the clinical research organizations (CROs) sector is expected to rise at the quickest CAGR.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/internet-of-things-iot-in-healthcare-market
๐๐จ๐ ๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข Medical devices dominated the segment due to the increasing usage and the rising demand for efficient and cost-effective ways to offer healthcare services.
โข The cellular connectivity technology segment has dominated the market. It allows massive volumes of data to be sent across long distances, enabling data gathering and distribution in real-time.
โข Hospitals, Surgical Centers, and Clinics have witnessed the highest CAGR owing to growing hospitals' operational and functional efficiency as a result of IoT.
โข North America led the industry and accounted for a majority of the market revenue share, owing to a rapid increase in the usage of telemedicine, e-reports, and IoT solutions in managing patients.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐ ๐๐๐ข๐๐ฅ ๐๐ง๐ฃ๐๐๐ญ๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/global-facial-injectable-market
๐๐๐ฆ๐จ๐ญ๐ ๐๐๐ญ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-remote-patient-monitoring devices-market
๐๐๐ ๐๐ฅ ๐๐๐ซ๐ข๐ฃ๐ฎ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/legal-marijuana-market
๐๐ง๐ญ๐ข-๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/anti-aging-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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