IoT Healthcare Market is expected to reach USD 283.04 billion by 2022, at a CAGR of 16.7% from 2016 to 2022.
According to the report, "IoT Healthcare Market, by Component (System & Software, Medical Devices, Services), Application (Medication Management, Connected Imaging, Inpatient Monitoring, Telemedicine, Clinical Operation, Workflow Management), Connectivity Technology (ZigBee, Cellular, Satellite, Wi-Fi, Bluetooth Low Energy, Near Field Communication), End-users (Government & Defense Institutions, Hospitals, Clinics, Surgical Centers, Research & Diagnostic Laboratories, Clinical Defense Organizations), Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the market for IoT healthcare is expected to grow at a healthy rate during the forecast period.The global IoT healthcare market report forecasts the growth and revenue trends for this market on the global scale. The report also offers in-depth analysis of the market drivers, restraints, segmentation, shares, and the key players.
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According to the IoT healthcare market report, the global market will maintain a steady growth rate during the forecast period. The major driving factors highlighted in the report include the reduced healthcare costs and the rapid technological advancements. Apart from that, the advancements in the high-speed networking technologies are also expected to create potential growth opportunities for the key market players. The growing rate of adoption of remote monitoring and the strong connectivity of the healthcare devices are also some of the significant growth drivers for this market. The major restraining factors for the market include lack of skilled professionals and governance standards.
The IoT healthcare market report segments the global market by components, applications, connectivity technology, end-users, and the major geographic regions. The components include medical devices, systems & software, and services. The connectivity technologies include ZigBee, satellite, near field communication, clinical operation, and Wi-Fi. The application segments include connected imaging, medication management, telemedicine, workflow management, clinical operation, and inpatient monitoring. The end-user segments include hospitals, government & defense institutions, surgical centers, clinics, clinical defense organizations, and research & diagnostic laboratories. The major geographic regions include North America, Latin America, Middle East & Africa, Asia-Pacific, and Europe.
The IoT healthcare market report highlights the key market players, which include Cisco System, GE Healthcare, Honeywell Life Care Solutions, IBM Corporation, Microsoft Corporation, Medtronic, Philips, Qualcomm Life, Inc., SAP SE, Stanley Healthcare, and such others. According to the report, the continuous efforts from the key players towards mergers, acquisitions, and partnerships are expected to offer strong business opportunities in this market. The rising demand from the emerging markets is also a significant factor boosting the business growth for the key market players.
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