The new report by Expert Market Research titled, 'Global IoT in Healthcare Market Report and Forecast 2021-2026', gives an in-depth analysis of the Global IoT in the healthcare market, assessing the market based on its segments like component, connectivity technology, application, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 20%
• Forecast Market Size (2026): USD 273 Billion

The adoption of IoT-based technologies in the healthcare industry is expected to result in a high level of automation, lower operational costs, and improved decision-making. The market will expand as smart wearables become more popular for tracking bodily activities and analyzing data from these devices to improve performance. IoT technology has enabled remote monitoring of patient's health in the healthcare industry, unlocking the ability of the healthcare industry to maintain patient health while also encouraging doctors to provide excellent patient care. Patients' hospital stays and re-admission to the hospitals have been reduced to a greater degree, thanks to connected technology.

Industry Definition and Major Segments

Via real-time clinical monitoring and access to patient's health data, the Internet of Things explores new facets of patient care. This data is a valuable resource for healthcare stakeholders who work on improving the patient's health and experience, while simultaneously multiplying the revenue and upgrading the operations.

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Basis component, the market can be bifurcated into the following:

• Medical Devices

  • Wearable Devices
  • Implanted Devices
  • Stationary Devices

• Systems and Software

  • Device Management
  • Data Analytics
  • Network Bandwidth Management
  • Compliances and Security
  • Others

• Services

On the basis of connecting technology, the market can be segmented into the following:

• Wi-Fi
• Bluetooth
• Near Field Communication
• Cellular
• Satellite
• Zigbee
• Others

By application, the market is divided into:

• Telemedicine
• Inpatient Monitoring
• Clinical Operations and Workflow Management
• Medication Management
• Connected Imaging
• Others

By end-use the market can be segregated into:

• Hospitals and Clinics
• Clinical Research Organizations (CROs)
• Research and Diagnostic Laboratories
• Government and Defence Institutions
• Others

On the basis of regional markets, the industry is divided into:

1 North America1.1 United States of America1.2 Canada2 Europe2.1 Germany2.2 United Kingdom2.3 France2.4 Italy2.5 Others3 Asia Pacific3.1 China3.2 Japan3.3 India3.4 ASEAN3.5 Others4 Latin America4.1 Brazil4.2 Argentina4.3 Mexico4.4 Others5 Middle East & Africa5.1 Saudi Arabia5.2 United Arab Emirates5.3 Nigeria5.4 South Africa5.5 Others

Market Trends

Due to technological advances, increasing incidence rates of chronic diseases such as COPD, genetic diseases, respiratory diseases, and others, improved access to high-speed internet, and introduction of favourable government regulatory policies are some of the major factors that lead to the growth of the internet of things in the healthcare industry. Furthermore, with advanced and cost-effective IoT in healthcare products and technologies, there is a rising demand for cost-effective treatment and disease control, increased acceptance of smart devices and wearables, increased interest in self-health measurement, and decreased healthcare costs. The Asia Pacific region is expected to be the fastest-growing market for IoT in healthcare. Major factors driving market growth in the area include improving health IT infrastructure, growing initiatives to encourage connected health services, and gradually increasing adoption of advanced technologies, such as smart wearables. Medical device and pharmaceutical companies are expected to increase their investment in this field, boosting demand for IoT technologies. The market's growth has also been fuelled by the region's growing population and economic development.

Key Market Players

The major players in the market are Cisco Systems, Inc., IBM Corporation, General Electric Company, Koninklijke Philips NV, Medtronic Plc, Dexcom, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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Contact Information:

Company Name: Expert Market Research

Contact Person: Matt Johnson, Corporate Sales Specialist - U.S.A.

Email: sales@expertmarketresearch.com

Toll Free Number: +1-415-325-5166 | +44-702-402-5790

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com