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Internet of Things (IoT) in Healthcare Market – Research by Industry CAGR Status, Share, Future Prospects, Demand Status and Size Forecast to 2021-2024

Summary

This “Internet of Things (IoT) in Healthcare Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research […]

Internet of Things (IoT) in Healthcare

This “Internet of Things (IoT) in Healthcare Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research study diminishes the risks involved in making decisions as well as strategies for companies and individuals interested in the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry.

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Market Overview:

  • The IoT market is majorly driven by the growing adoption of healthcare information systems, the emergence of big data in healthcare, improved device accuracy and connectivity, and increasing penetration of connected devices in healthcare.
  • – Internet of thing (IoT) technology has the potential to revolutionize the traditional paper-based healthcare treatment by simplifying access to real-time patient data and remote patient monitoring. The emergence of this digital healthcare technology has addressed the impending need for better diagnostics and targeted therapeutic tools. In addition, it not only provides remote patient monitoring to physicians but also works as a fitness and wellness tracker for athletes and a dosing reminder for patients. The successful implementation of IoT in remote monitoring of diabetes and asthma patients, coupled with high penetration of fitness and wellness devices, has created a high demand for the IoT healthcare market.
  • – Big data analytics is the fast-emerging topic in IoT. The demand for big data analytics integrates the most recent innovation in machine learning, logical methodologies, computational intelligence, and data mining. Many of the healthcare experts, including payers and providers, are now analyzing big data to obtain detailed knowledge. Even though these efforts are still in their early stages, they are expected to collectively help tackle the industry-related problems regarding inconsistency in healthcare quality and escalating healthcare expenditures.
  • – Improvements in the quality of people’s daily health and life activities, as well as big data analytics, to support and promote such research activities, are some of the factors driving the market growth, as IoT-based healthcare systems play a key role in the growth of medical information systems. Tracking, tracing, and monitoring of patients are essential to enhance the healthcare system.

    Internet of Things (IoT) in Healthcare Market Covers Manufacturers:

  • Medtronic PLC
  • Koninklijke Philips NV
  • Cisco Systems
  • International Business Machines Corporation
  • GE Healthcare
  • Microsoft Corporation
  • SAP SE
  • Capsule Technologies, Inc.
  • Resideo Technologies, Inc.
  • Stanley Healthcare

    Scope of the Report:

    As per the scope of this report, the term Internet of things (IoT) in healthcare system includes every device that is connected to the internet for a wide range of applications, such as tracking patients or equipment, collecting data, and analyzing the received data.

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    Some of the Key Questions Answered in this Report:

    • Detailed Overview of Internet of Things (IoT) in Healthcare Market will help deliver clients and businesses making strategies.
    • Influencing growth factors that are thriving demand and latest trends running in the market.
    • Internet of Things (IoT) in Healthcare Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
    • What trends, challenges and barriers will impact the development and sizing of the Global Internet of Things (IoT) in Healthcare Market?
    • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
    • What is the Internet of Things (IoT) in Healthcare Market growth momentum or market carries during the forecast period?
    • Which region may tap the highest market share in the coming era?
    • Which application/end-user category or Product Type may seek incremental growth prospects?
    • What focused approach and constraints are holding the Internet of Things (IoT) in Healthcare Market demand?

    Key Market Trends:

    Medication Management is Expected to Grow Fastest over the Forecast Period

    – The medication management segment is expected to show significant growth during the forecast period, due to the growing adoption of healthcare information systems, rising need to reduce medication errors and improve patient safety, and increasing adoption of mHealth solutions for medication management.
    – A rising focus of market players to develop innovative solutions in the field of medication management is also boosting the segments growth.

    North America Holds the Largest Market Share of IoT in Healthcare Market

    – The healthcare Internet of Things (IoT) in North America dominated the global market and is estimated to show a similar trend during the forecast period. This growth is due to factors, like the growing adoption of healthcare IT solutions, the presence of key players, and the availability of sophisticated infrastructure.
    – Rising initiatives to curb medical expenses, resulting in a shifting trend from fee-for-service to a value-based model, have also given the market a significant boost.

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    Target Audience of Internet of Things (IoT) in Healthcare Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Internet of Things (IoT) in Healthcare Market Report:

    • Analysing various perspectives of the Internet of Things (IoT) in Healthcare market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Internet of Things (IoT) in Healthcare market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Internet of Things (IoT) in Healthcare market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Internet of Things (IoT) in Healthcare market studied, during the forecast period
    • The segments that are expected to dominate the Internet of Things (IoT) in Healthcare market studied.

    Detailed TOC of Internet of Things (IoT) in Healthcare Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers & Restraints
    4.3 Market Drivers
    4.3.1 Emergence of Big Data in Healthcare
    4.3.2 Increased IT Adoption in the Healthcare Sector
    4.3.3 Improved Device Accuracy and Connectivity
    4.4 Market Restraints
    4.4.1 Data Privacy and Security Concerns
    4.4.2 Requirement for High Initial Investments
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Component
    5.1.1 Medical Devices
    5.1.1.1 Wearable External Medical Devices
    5.1.1.2 Implanted Medical Devices
    5.1.1.3 Stationary Medical Devices
    5.1.2 Systems and Software
    5.1.3 Services
    5.2 Application
    5.2.1 Telemedicine
    5.2.2 Clinical Operations and Workflow Management
    5.2.3 Inpatient Monitoring
    5.2.4 Medication Management
    5.2.5 Other Applications
    5.3 End User
    5.3.1 Hospitals
    5.3.2 Clinical Research Organizations
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Medtronic PLC
    6.1.2 Koninklijke Philips NV
    6.1.3 Cisco Systems
    6.1.4 International Business Machines Corporation
    6.1.5 GE Healthcare
    6.1.6 Microsoft Corporation
    6.1.7 SAP SE
    6.1.8 Capsule Technologies, Inc.
    6.1.9 Resideo Technologies, Inc.
    6.1.10 Stanley Healthcare

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    For Detailed TOC Click Here

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