Global
Internet of Things (IoT) in Healthcare Market: Overview
The
proliferation of the Internet of Things (IoT) in the healthcare
market, which comprises systems and software, medical devices, and
services, has had a significant impact on the overall healthcare
sector and been immensely beneficial in remote clinical monitoring,
chronic disease management, preventive care, assisted living, and
personal fitness monitoring. Termed as a true game-changer for the
healthcare industry, the Internet of Things has transformed the
sector by lowering costs, improving efficiency, and bringing the
focus back to quality patient care.
Describing
the Market of Internet of Things in Healthcare:
The
IoT in healthcare market includes a number of implanted, wearable,
and stationary medical devices used in clinical research
organizations, research and diagnostic laboratories, hospitals,
clinics, and surgical centers, and defense and government
institutions. In the healthcare industry, the Internet of Things can
be put to several applications, including clinical operations and
workflow management, inpatient monitoring, telemedicine, connected
imaging, and medication management. Bluetooth low energy (BLE),
ZigBee, satellite, Wi-Fi, near-field communication (NFC), and
cellular are some of the key connectivity technologies involved in
IoT in healthcare.
The
data in the report on the worldwide market for IoT in healthcare has
been collated from several primary and secondary research sources,
along with sharp insights and strategic recommendations from industry
experts. The report is designed to help clients formulate profitable
and actionable strategies to expand their businesses.
Global
Internet of Things (IoT) in Healthcare Market: Key Trends and
Opportunities
Considering
that the global healthcare industry has been undergoing several
changes in a bid to provide accessible, affordable, and quality
patient care, advanced and cutting edge technologies are being
developed to help the industry cope with these changes. The
introduction of IoT in the healthcare sector has transformed the way
health services are being delivered.
There
are a number of factors driving the global market for IoT in
healthcare. These include increasing global geriatric population,
rising prevalence of various chronic diseases, the surging awareness
levels pertaining to the availability of advanced disease management
systems, the mounting demand for long-term and short-term healthcare
services, and an overall improvement in data management, patient
monitoring, and healthcare outcomes. The growing use of smartphones
and the improved internet connectivity across the globe are also
responsible for the expansion of the IoT in healthcare market.
Global
Internet of Things (IoT) in Healthcare Market: Regional Outlook
The
global market for IoT in healthcare is geographically segmented into
North America, Europe, Asia Pacific, and Rest of the World. North
America continues to be the highest revenue generating region and
analysts predict that the region is likely to retain its lead in the
global IoT in healthcare market throughout the forecast period. The
rapid growth of the North America IoT in healthcare market can be
attributed to the presence of advanced and sophisticated healthcare
infrastructure, major technological advancements in the field of
healthcare software and medical devices, increased levels of R&D
initiatives in IoT, and high levels of disposable income.
Value
chain and stakeholder analysis of IoT Technology in Healthcare is
available at:
The
Asia Pacific market for IoT in healthcare has been identified as the
most lucrative region and this geographical segment is projected to
witness strong growth in the coming years. Rapid economic growth is
one of the primary reasons for the future expansion of the IoT in
healthcare in Asia Pacific, especially in countries such as China and
India. Other factors impacting this regional market include
improvement in healthcare infrastructure, rising disposable income
levels, growing presence of IT-enabled healthcare services,
increasing affordability of smartphones and various wearable medical
devices, and changes in lifestyle habits.
Global
Internet of Things (IoT) in Healthcare Market: Vendor Assessment
Adheretech,
Cerner Corporation, PhysIQ, Stanley Healthcare, Qualcomm Life Inc.,
Cisco Systems, Medtronic Inc., GE Healthcare, Proteus Digital Health
Inc., Microsoft Corporation, Diabetizer Ltd. & Co. KG, Philips,
SAP SE, IBM Corporation, and Honeywell Care Solutions are some of the
top companies competing in the global IoT in healthcare market. The
nature of this market is immensely oligopolistic, wherein a handful
of large, established players dominate the scene with strategies such
as collaborative research and development, development of specialized
products for specific applications, and acquiring startups with
immense potential. This in turn, makes it difficult for smaller
players and new entrants to venture into the IoT in healthcare
market.
No comments:
Post a Comment