IoT in Healthcare Market Opportunities, Challenges, and Growth Forecast by 2024-2031 | Medtronic, Cisco Systems, Inc., IBM Corporation.

The IoT in Healthcare Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global IoT in Healthcare market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global IoT (Internet of Things) In Healthcare Market reached USD 120.2 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 390.2 billion by 2031. The global IoT in healthcare market is expected to exhibit a CAGR of 16.4% during the forecast period (2024-2031).

The IoT in Healthcare Market focuses on the use of Internet of Things (IoT) technologies to improve patient care, enhance operational efficiency, and reduce healthcare costs. This includes wearable health devices, remote monitoring tools, connected medical equipment, and health management platforms that collect and transmit real-time health data. The market is driven by the increasing adoption of digital health solutions, the demand for personalized and remote patient care, and the growing prevalence of chronic diseases. IoT-enabled healthcare devices help in early diagnosis, continuous monitoring, and better disease management. Additionally, the rise of smart hospitals, government initiatives for health data interoperability, and advancements in 5G networks further fuel the growth of this market.

Key Developments:

On November 7, 2022, OXY AID launched India's first IoT-enabled mobile medical oxygen plant, a groundbreaking development in the country's healthcare infrastructure. This mobile, containerized oxygen-generating truck is equipped with Internet of Things (IoT) capabilities, offering an innovative solution for providing oxygen in areas with limited access to medical resources.

On March 14, 2023, Securitas Healthcare, a leader in visibility and analytics solutions for the healthcare industry, introduced a new cloud-based solution for monitoring conditions within healthcare environments. The Securitas Healthcare AeroScout Links IoT platform integrates smart sensors into a cloud network, enabling small hospitals, outpatient service providers, pharmacies, and other healthcare organizations to easily monitor critical aspects of their operations, such as cold storage, ensuring that sensitive items are kept at appropriate temperatures for safe patient care.

List of the Key Players in the IoT in Healthcare Market:

Medtronic, Cisco Systems, Inc., IBM Corporation, GE Healthcare, Microsoft Corporation, SAP SE, Infosys Limited, Cerner Corporation, QUALCOMM Incorporated, and Wipro ltd among others.

Research Process:

Both primary and secondary data sources have been used in the global IoT in Healthcare Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the IoT in Healthcare Market:

By Component: Medical Devices, Systems and Software, Services.

By Application: Telemedicine, Telemedicine, Clinical Operations and Workflow Management, Connected Imaging, Inpatient Monitoring, Medication Management, Others.

By End User: Hospitals and Clinics, Clinical Research Organizations, Research and Diagnostic Laboratories, Others.

Regional Breakout:

The global IoT in Healthcare Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of IoT in Healthcare manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of IoT in Healthcare in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the IoT in Healthcare market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the IoT in Healthcare market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global IoT in Healthcare market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the IoT in Healthcare market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the IoT in Healthcare market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the IoT in Healthcare market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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