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.
Browse full research report on Internet of Things (IoT) 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
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/internet-of-things-iot-healthcare-market/request/rs1
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
- Wearable
External Devices
- Implanted
Medical Devices
- Stationary
Medical Devices
- System
and Software
- Remote
Device Management
- Network
Bandwidth Management
- Data
Analytics
- Application
Security
- Network
Security
- Services
- System
Integration Services
- Consulting,
Training, and Education
- 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
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Sweden
- Asia
Pacific
- Japan
- China
- India
- Australia
- Singapore
- South
Korea
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle
East & Africa
- South
Africa
- Saudi
Arabia
- 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.
For
more info visit @ https://www.grandviewresearch.com
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