IoT in Healthcare Industry Expected to Grow at 38.1% CAGR from 2017 to 2022

IoT Healthcare Market by Component (Medical Device, Systems & Software, Service, Connectivity Technology), Application (Telemedicine, Work Flow Management, Connected Imaging, Medication Management), End User, and Region - Global Forecast to 2022

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It is capable of gathering data from multiple sources, allowing M2M communication, and conveying appropriate data to the end users for efficient operations.
The primary growth drivers for the IoT in healthcare market include demand for reduced cost of patient care, improved healthcare outcomes, and evolution of high speed networking technologies. The IoT-based technology solutions enable the healthcare organizations to increase the quality of healthcare services and improve patient experience through continued patient engagement and remote monitoring in real-time.

The IoT healthcare market comprises vendors such as
1. Medtronic Plc (U.S),
2. Royal Philips (The Netherlands),
3. Cisco Systems Inc. (U.S),
4. IBM Corporation (U.S.),
5. GE Healthcare (U.S.),
6. Microsoft Corporation (U.S.),
7. SAP SE (Germany),
And other such as Qualcomm Life, Inc. (U.S.), Honeywell Life Care Solutions (U.S.), and Stanley Healthcare (U.S.), among others.
The target audiences for the IoT healthcare market report are:
• IT service providers and distributors
• IoT service providers
• System integrators
• Value added resellers
• IoT healthcare solution vendors
• Hospitals, surgical centers, and clinics
“This study answers several questions for the stakeholders, primarily, which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments”.
Digital transformation helps enterprises improve operational performance, efficiency, and business process. It involves the utilization of digital technologies, such as mobility, analytics, and social media. Currently, Internet of Things (IoT) is at the center stage of the digital transformation.
Innovation in next generation sensors also acts asa driving factor in the IoT healthcare market. However, insufficient IoT technology skills across healthcare organizations is a major growth restraint faced by the healthcare industry.
Scope of the Report
The research report categorizes the IoT healthcare market to forecast the revenues and analyze the trends in each of the following subsegments:
By Component
• Medical Devices
• Systems & Software
• Service
Access full report on “IoT Healthcare Market” by Component (Medical Device, Systems & Software, Service, Connectivity Technology), Application (Telemedicine, Work Flow Management, Connected Imaging, Medication Management), End User, and Region - Global Forecast to 2022 at
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By Application
• Telemedicine
• Clinical Operations and Workflow Management
• Connected Imaging
• Inpatient Monitoring
• Medication Management
• Others

Other stakeholders in the market include system integrators, managed service and middleware companies, sensor, presence, location, and detection solution providers, M2M, IoT, and general telecommunication companies, internet identity management, privacy, and security companies, among others.

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