United State – Global IoT in healthcare Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider IoT in healthcare market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global IoT in healthcare market size was US$ 167.5 billion in 2021. The global IoT in healthcare market is forecast to reach US$ 238.3 billion by 2030 by growing at a compound annual growth rate (CAGR) of 20.4% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The rising trend of wearable technology is forecast to drive the growth of the global IoT in healthcare market. In addition, the increasing penetration of digital technologies in healthcare segment will propel the IoT in healthcare market forward.
The growing focus of healthcare bodies towards adopting advanced technologies will contribute to the market growth. In addition, the growing geriatric population and growing cases of chronic diseases will propel the IoT in healthcare market forward.
The increasing number of partnerships and acquisitions will contribute to the market growth. For instance, Philips inked a pact with Open Market to introduce a remote sensor technology that also offers mobile messaging, called e-Alert. Thus, more such advancements are likely to surge the growth of the global IoT in healthcare market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemichas significantly contributed to the growth of the IoT in healthcare market. Healthcare bodies in several countries began implementing IoT in their healthcare systems. In addition, the technology is routinely used to ensure that COVID-19 patients are properly monitored. Thus, it indicates that the global IoT in healthcare market witnessed significant growth due to the COVID-19 pandemic. In China, healthcare bodies began deploying IoT devices and robots in order to check patients’ body temperatures, monitor heart rates, and measure sugar levels. Thus, it has significantly contributed to the growth of the global IoT in healthcare market.
Regional Analysis
North America is forecast to dominate the global IoT in healthcare market, owing to the rising adoption of advanced technologies. In addition, high healthcare expenditure and the increasing prevalence of diseases will contribute to the growth of the regional market.
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Asia-Pacific IoT in healthcare market is forecast to gain traction due to favorable government policies and rising healthcare expenditure. In addition, the increasing prevalence of diseases in the region will benefit the regional IoT in healthcare market.
Competitors in the Market
- Agamatrix Inc.
- Armis Inc.
- Capsule Technologies, Inc.
- Cisco Systems Inc.
- Comarch SA
- GE Healthcare
- HQSoftware
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- KORE Wireless Group
- Medtronic PLC
- Microsoft Corporation
- Oracle Corporation
- OSP Labs Pvt. Ltd.
- Oxagile LLC
- Resideo Technologies, Inc.
- SAP SE
- ScienceSoft
- Siemens AG
- Softweb Solutions Inc.
- STANLEY Healthcare Solutions
- Telit
- Welch Allyn, Inc.
- Other Prominent Players
Market Segmentation
Based on the component, the IoT in the healthcare market has been segmented into –
- System and Software
- Medical Devices
- Services
- Connectivity Technology
Based on the application, the IoT in the healthcare market has been segmented into-
- Inpatient Monitoring
- Telemedicine
- Connected Imaging
- Clinical Operations and Workflow Management
- Others
Based on the connectivity, the IoT in the healthcare market has been segmented into-
- Wi-Fi
- Satellite
- Cellular
- BLE
- Near Field Communication
- Zigbee
Based on the end-user, the IoT in the healthcare market has been segmented into-
- Hospitals and Clinics
- Research Laboratories
- Clinical Research Organizations
- Others
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Based on the region, the IoT in the healthcare market has been segmented into-
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global IoT in healthcare market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the IoT in healthcare market over the forecast period?
- What are the factors driving and restraining the market for IoT in healthcare?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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