The global IoT in healthcare market size is projected to reach USD 534.3 billion by 2025 expanding at a CAGR 19.9% over the forecast period, according to a new report by Grand View Research, Inc. Rise in investments for the implementation of IoT solutions in healthcare sector is one of the key factors driving the market. Increasing penetration of connected devices in various healthcare institutes and adoption of IoT systems and software solutions in healthcare operational activities are also among the key factors augmenting the market growth.
Growing
preference for real-time data monitoring among the healthcare practitioners to
manage chronic diseases is expected to propel the demand for IoT network in
healthcare institutions. Combinations of remote monitoring, mobile platforms,
and analytics have cut the rate of readmissions of patients suffering from
congestive heart failure, diabetes, and blood pressure. Furthermore,
advancements in communication technologies, such as real-time data
transmission, has positively impacted the patients in manage chronic diseases
and medication dosage, which has further fostered the market growth.
For
instance, connected wheelchairs allow people with disabilities to communicate
health alerts to care teams and engage with care providers. Growing number of
IoT platform installations for better and early diagnosis and disease tracking
is also contributing to the market development. Furthermore, rising demand for
digital technologies for managing diseases, such as insomnia, diabetes, autism,
heart disease, and asthma, is also poised to spur the market growth.
Full Research Report On IoT in Healthcare Market Visit Here:
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IoT in Healthcare
Market Report Highlights
- In 2018, services held the
largest revenue share owing to the high demand for improved
decision-making in real-time and uninterrupted data flow between devices
and people to uplift the efficiency of medical systems
- Hospitals and clinics held
the largest revenue share in 2018 due to increased investments by
hospitals to encourage the usage of digital technologies
- North America is expected to
be the largest market owing to growing adoption of healthcare IT solutions
and availability of sophisticated infrastructure in the region
- Asia pacific expected to
witness the fastest CAGR over the forecast period owing to growing
investments by the pharmaceuticals & medical devices companies and
increasing adoption of advanced technologies
- Key companies operating in
this market include Koninklijke Philips N.V., Drägerwerk AG & Co.
KGaA, Biotronik, and Boston Scientific
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IoT in Healthcare
Market Segmentation
Grand View Research has segmented
the global IoT in healthcare market on the basis of component, connectivity
technology, end use, application, and region:
IoT in Healthcare
Component Outlook (Revenue, USD Million, 2014 - 2025)
- Medical Devices
- Wearable External Devices
- Implanted Medical Devices
- Stationary Medical Devices
- System and Software
- Remote Device Management
- Network Bandwidth
Management
- Data Analytics
- Application Security
- Network Security
- Services
- System Integration Services
- Consulting, Training, and
Education
- Support and Maintenance
Services
IoT in Healthcare
Connectivity Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Wi-Fi
- Bluetooth Low Energy
- ZigBee
- Near Field Communication
(NFC)
- Cellular
- Satellite
IoT in Healthcare
End Use Outlook (Revenue, USD Million, 2014 - 2025)
- Clinical Research
Organizations
- Hospitals and Clinics
- Research and Diagnostic
Laboratories
- Others
IoT in Healthcare
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Telemedicine
- Medication Management
- Clinical Operations
- Inpatient Monitoring
- Connected Imaging
- Others
IoT in Healthcare
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- Singapore
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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