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.
Access Research Report of Internet of Things in Healthcare Market@ https://www.grandviewresearch.com/industry-analysis/internet-of-things-iot-healthcare-market
Further key findings from the study suggest:
· 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
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
o
Wearable External Devices
o
Implanted Medical Devices
o
Stationary Medical Devices
·
System and Software
o
Remote Device Management
o
Network Bandwidth Management
o
Data Analytics
o
Application Security
o
Network Security
·
Services
o
System Integration Services
o
Consulting, Training, and Education
o
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
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
France
o
Russia
o
Italy
o
Spain
o
Netherlands
o
Sweden
·
Asia Pacific
o
Japan
o
China
o
India
o
Australia
o
Singapore
o
South Korea
·
Latin America
o
Brazil
o
Mexico
o
Argentina
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
o
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.
