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Global Internet of Things (IOT) Healthcare Market Is Dominated By Top Companies Like IBM, Microsoft, SAP SE, GE Healthcare (General Electric Company) With CAGR of 35.2% During 2017-2024
Press release from: Data Bridge Market Research
The Global Internet of Things (IOT) Healthcare Market is expected to reach USD 371,441.20 million by 2024 from USD 33,520.00 million in 2016, at a CAGR of 35.2% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Key Questions Answered in Global IoT Healthcare Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global IoT Healthcare Market in 2024?
• What are the key factors driving, Analysis by Applications and Countries Global IoT Healthcare Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global IoT Healthcare Market?
• Who are Opportunities, Risk and Driving Force of Global IoT Healthcare Market?
• Who are the opportunities and threats faced by the vendors in Global IoT Healthcare Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global IoT Healthcare Market opportunities, market risk and market overview of the Market?
Major Market Drivers & Restraints:
• Increased demand for augmented reality in e-commerce and retail stores
• Growing demand for augmented reality software in consumer electronics
• Increasing demand for AR-based applications in medical sectors
• Lack of interaction with physical products
• Limited processing power and inadequate storage
Top Key Players:
• SAP SE,
• GE Healthcare (General Electric Company)
• Philips N.V.,
• Proteus Digital Health
• Qualcomm Life, Inc
• Diabetizer GmbH & Co. KG,
• STANLEY Healthcare
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Global IoT Healthcare Market is segmented on the
• End user,
Market Segmentations in details:
On the basis of Component into medical device, systems& software, service and connectivity technology.
On the basis of Application, the global IoT healthcare market is segmented into telemedicine, work flow management, connected imaging and medication management.
On the basis of End user, the global IoT healthcare market is segmented into healthcare providers, patients, healthcare payers, research laboratories and government authority.
On the basis of Geography,
• North America
• South America
• Middle East & Africa
Global IoT Healthcare Market Company Share Analysis:
The Global IoT Healthcare Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Drivers: Global Internet of Things (IOT) Healthcare Market
Some of the major factors driving the market for internet of things (IOT) healthcare market are rising incidence rates of chronic diseases, rise in investment for healthcare IOT solutions. These factors increase the demand for internet of things (IOT) healthcare products. Better accessibility of high-speed internet, implementation of IOT solutions for reduced cost of care and growing demand for cost-effective treatment and disease management are the other factors driving the growth of the internet of things (IOT) healthcare market.
RISING INCIDENCE RATES OF CHRONIC DISEASES
With the rising incidence rates of chronic diseases, the demand for the development and the innovation of remote equipment or wearable devices is increasing. Thus this growing demand has provided opportunities for the manufacturers to produce more of these remote devices. As this will help in reducing the hospital stay, save time, reduce the cost of treatment, accuracy in data collection, enhanced management of drugs and patient’s experience and many more.
RISE IN INVESTMENT FOR HEALTHCARE IOT SOLUTIONS
With the substantial gap between the actual and the required time of the healthcare treatment, and the introduction of mobile healthcare solutions has led to the increase in the investment for more healthcare IOT solutions. As with the presence of more IOT healthcare solutions it will spare the time required while visiting a doctor, helps in emergency case and even cuts the required costs such as blood pressure, metabolism rate, electronic medical records (EMRs), MRI scans, sweat monitoring and many more.
IMPLEMENTATION OF IOT SOLUTIONS FOR REDUCED COST OF CARE
Internet of things in the healthcare sector saves the time and quality of care and reduces the cost by replacing or eliminating the need of health professional by eliminating the need of checking the patient’s vital signs at regular interval instead of providing programmed and continuous flow of information and also by eradicating the need of visiting a doctor for a continuous reason due to the remote monitoring and a decrease in the medical equipment maintenance costs.
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