Market Overview:
The global internet of things (IoT) in healthcare market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for connected devices and sensors in the healthcare sector, rising prevalence of chronic diseases, and growing investments by venture capitalists in IoT-based startups. The wearable external devices segment is expected to account for the largest share of the global IoT in healthcare market in 2018. This segment is projected to grow at a CAGR of 17.8% from 2018 to 2030 due to the increasing demand for wearable health monitoring devices among consumers and patients worldwide. The implanted medical devices segment is projected to grow at a CAGR of 15.9% from 2018to 2030 due high adoption rates across developed countries such as U.S.
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Product Definition:
The definition of the term “Internet of Things” is constantly evolving, but it can generally be described as the connection of physical objects or devices to the internet. This could include anything from home appliances to cars and even medical devices. The main purpose of IoT in healthcare is to improve patient care by making data more accessible and allowing for better communication between patients, caregivers, and doctors. For example, a patient’s vital signs could be monitored remotely by sensors connected to the internet, which would then send alerts if there were any changes that needed attention. Additionally, IoT can help reduce costs by automating tasks such as inventory management or medication dispensing.
Wearable External Devices:
External wearable devices are also known as smart clothing or smart textiles. They are garments, which can sense the user's vital statistics and environment around it and then communicate that information to the user by producing appropriate feedback. The most common examples of external wearable devices include fitness bands, watches, eyeglasses with integrated cameras or sensors for measuring physical activities such as steps taken in a day along with calories burnt off.
Implanted Medical Devices:
An implanted medical device is a medical device that has been placed inside the human body for diagnosing, healing, and monitoring purposes. These devices are mostly used by healthcare professionals but can also be used by patients in some cases. Implanted medical devices have gained popularity due to their ability to gather real-time data on health conditions which helps doctors make accurate decisions regarding treatment plans and this is one of the major factors driving market growth globally.
Application Insights:
The market is segmented by application into clinical research, hospitals and clinics, remote patient monitoring, pharmaceutical companies and healthcare providers. The others segment includes home healthcare devices. The hospital and clinic application dominated the global internet of things in healthcare market in 2017 due to increasing demand for connected medical devices that can automate routine procedures.
The CRO segment is expected to grow at a rapid pace over the forecast period owing to growing demand for real-time data from laboratories that aids diagnosis as well as improves treatment processes across various settings such as hospitals & clinics. Furthermore, rising adoption of IoT technologies in clinical research organizations enables researchers to collect data from patients through their electronic health records thereby generating meaningful insights about diseases & treatments (IoT enabled lab-on-chip). These developments are anticipated to boost growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of major players, increased funding for IoT-based research and development projects, and high adoption rate of advanced technologies across this region. Moreover, increasing demand for efficient healthcare services has led to an increase in the number of connected devices within this region. According to a study published by Mckinsey in 2018, around 50%of hospitals are expected to implement IoT technology over the next two years as it provides several benefits such as improved patient experience & safety along with cost savings.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income levels coupled with growing awareness regarding emerging technologies such as IoT among patients.
Growth Factors:
- Increasing demand for connected healthcare devices and services owing to the growing awareness about the benefits of IoT in healthcare.
- Proliferation of big data and analytics in healthcare, which is helping to drive the growth of IoT-enabled health monitoring and predictive analytics solutions.
- The increasing use of mobile devices and apps for tracking personal health data is also contributing to the growth of IoT in healthcare market.
- Rising demand for homecare services and remote patient monitoring systems due to the aging population worldwide is also fueling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things (IoT) in Healthcare Market Research Report
By Type
Wearable External Devices, Implanted Medical Devices, Stationary Medical devices
By Application
CRO, Hospitals and Clinics, Research and Diagnostic Laboratories, Others
By Companies
International Business Machines Corporation (IBM), Intel Corporation, Ericsson, Koninklijke Philips NV, Proteus Digital Health, Medtronic, Cisco Systems, Microsoft Corporation, GE Healthcare, Qualcomm
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things (IoT) in Healthcare Market Report Segments:
The global Internet of Things (IoT) in Healthcare market is segmented on the basis of:
Types
Wearable External Devices, Implanted Medical Devices, Stationary Medical devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
CRO, Hospitals and Clinics, Research and Diagnostic Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- International Business Machines Corporation (IBM)
- Intel Corporation
- Ericsson
- Koninklijke Philips NV
- Proteus Digital Health
- Medtronic
- Cisco Systems
- Microsoft Corporation
- GE Healthcare
- Qualcomm
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Highlights of The Internet of Things (IoT) in Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wearable External Devices
- Implanted Medical Devices
- Stationary Medical devices
- By Application:
- CRO
- Hospitals and Clinics
- Research and Diagnostic Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet of Things (IoT) in Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Internet of Things (IoT) is a network of devices that are interconnected to share data. These devices can include medical equipment, vehicles, home appliances, and even wearable technology. The goal of IoT is to connect these devices so that they can communicate with each other and share data. This information can be used to improve the quality of life for people in healthcare settings. For example, IoT could help doctors diagnose diseases more quickly or track patient health over time.
Some of the major players in the internet of things (iot) in healthcare market are International Business Machines Corporation (IBM), Intel Corporation, Ericsson, Koninklijke Philips NV, Proteus Digital Health, Medtronic, Cisco Systems, Microsoft Corporation, GE Healthcare, Qualcomm.
The internet of things (iot) in healthcare market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things (IoT) in Healthcare Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet of Things (IoT) in Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things (IoT) in Healthcare Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet of Things (IoT) in Healthcare Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet of Things (IoT) in Healthcare Market Size & Forecast, 2018-2028
4.5.1 Internet of Things (IoT) in Healthcare Market Size and Y-o-Y Growth
4.5.2 Internet of Things (IoT) in Healthcare Market Absolute $ Opportunity
Chapter 5 Global Internet of Things (IoT) in Healthcare Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Internet of Things (IoT) in Healthcare Market Size Forecast by Type
5.2.1 Wearable External Devices
5.2.2 Implanted Medical Devices
5.2.3 Stationary Medical devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Internet of Things (IoT) in Healthcare Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Internet of Things (IoT) in Healthcare Market Size Forecast by Applications
6.2.1 CRO
6.2.2 Hospitals and Clinics
6.2.3 Research and Diagnostic Laboratories
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things (IoT) in Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet of Things (IoT) in Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Internet of Things (IoT) in Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Internet of Things (IoT) in Healthcare Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Internet of Things (IoT) in Healthcare Market Size Forecast by Type
9.6.1 Wearable External Devices
9.6.2 Implanted Medical Devices
9.6.3 Stationary Medical devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Internet of Things (IoT) in Healthcare Market Size Forecast by Applications
9.10.1 CRO
9.10.2 Hospitals and Clinics
9.10.3 Research and Diagnostic Laboratories
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Internet of Things (IoT) in Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Internet of Things (IoT) in Healthcare Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Internet of Things (IoT) in Healthcare Market Size Forecast by Type
10.6.1 Wearable External Devices
10.6.2 Implanted Medical Devices
10.6.3 Stationary Medical devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Internet of Things (IoT) in Healthcare Market Size Forecast by Applications
10.10.1 CRO
10.10.2 Hospitals and Clinics
10.10.3 Research and Diagnostic Laboratories
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Internet of Things (IoT) in Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Internet of Things (IoT) in Healthcare Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Internet of Things (IoT) in Healthcare Market Size Forecast by Type
11.6.1 Wearable External Devices
11.6.2 Implanted Medical Devices
11.6.3 Stationary Medical devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Internet of Things (IoT) in Healthcare Market Size Forecast by Applications
11.10.1 CRO
11.10.2 Hospitals and Clinics
11.10.3 Research and Diagnostic Laboratories
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Internet of Things (IoT) in Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Internet of Things (IoT) in Healthcare Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Internet of Things (IoT) in Healthcare Market Size Forecast by Type
12.6.1 Wearable External Devices
12.6.2 Implanted Medical Devices
12.6.3 Stationary Medical devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Internet of Things (IoT) in Healthcare Market Size Forecast by Applications
12.10.1 CRO
12.10.2 Hospitals and Clinics
12.10.3 Research and Diagnostic Laboratories
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Internet of Things (IoT) in Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Internet of Things (IoT) in Healthcare Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Internet of Things (IoT) in Healthcare Market Size Forecast by Type
13.6.1 Wearable External Devices
13.6.2 Implanted Medical Devices
13.6.3 Stationary Medical devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Internet of Things (IoT) in Healthcare Market Size Forecast by Applications
13.10.1 CRO
13.10.2 Hospitals and Clinics
13.10.3 Research and Diagnostic Laboratories
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet of Things (IoT) in Healthcare Market: Competitive Dashboard
14.2 Global Internet of Things (IoT) in Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 International Business Machines Corporation (IBM)
14.3.2 Intel Corporation
14.3.3 Ericsson
14.3.4 Koninklijke Philips NV
14.3.5 Proteus Digital Health
14.3.6 Medtronic
14.3.7 Cisco Systems
14.3.8 Microsoft Corporation
14.3.9 GE Healthcare
14.3.10 Qualcomm
