What is IoT Healthcare Market Scope?
Internet of Things in healthcare integrates advanced technology with medical devices to collect data, which can be used to generate a well-organized healthcare system in terms of energy, time, and cost. IoT in Healthcare solutions and services are replacing the tradition diagnosis and treatment procedures with advanced technology. Integration of IoT with medical devices helps to monitor patients more effectively.
Influencing Trend:
Growing Adoption of Healthcare Information Systems
Market Growth Drivers:
Evolution of Artificial Intelligence Technology, Rise in Investment in Healthcare Industry and Rise in Geriatric Population with Multiple Chronic and Other Diseases
Challenges:
Increased Interoperability Risks Hospital Security
Restraints:
Lack of Capability in Installing IoT Solutions
Opportunities:
High Demand from Healthcare for Managing Operational Workflows and Clinical Tasks, Increasing Demand from Emerging Countries and Increasing Adoption of IoT in the Pharmaceutical and Biotechnology Industry
The IoT Healthcare market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global IoT Healthcare market throughout the predicted period.
Medtronic (Ireland), Philips (Netherlands), Cisco Systems (United States), IBM Corporation (United States), Microsoft Corporation (United States) , SAP SE (Germany) and Stanley Healthcare (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GE Healthcare (United States) and HealthSaaS, Inc (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global IoT Healthcare market by Type, Application and Region.
On the basis of geography, the market of IoT Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In April 2023,ACL Digital has acquired Volansys, an internet of things (IoT) consulting company. Financial terms of the deal were not disclosed.This is technology M&A deal number 423 that ChannelE2E has covered so far in 2022.
In March 2017, Medtronic launched Reveal LINQ Insertable Cardiac Monitor (ICM) with TruRhythm Detection, an advanced cardiac monitor with high accuracy to efficiently identify abnormal heartbeats. The device communicates wirelessly with a patient’s bedside monitor, which uploads device data to the Medtronic CareLink network. This helped the company to offer highest quality products and services to deliver clinical and economic value to its consumers.
Key Target Audience
IT Service Providers and Distributors, Value-added Resellers, IoT Service Providers, System Integrators, IOT Healthcare Solution Vendors and Hospitals, Surgical Centers, and Clinics
IoT Healthcare Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in IoT Healthcare Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in IoT Healthcare industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.