Market Overview:
The global IoT healthcare market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for connected medical devices, systems & software, and services. Additionally, the growing adoption of telemedicine and connected imaging are also contributing to the growth of this market. The medical device segment is expected to hold the largest share of the global IoT healthcare market in 2018. This can be attributed to the increasing demand for smart medical devices that can connect with other devices and systems for data collection and analysis.
Product Definition:
IoT Healthcare is the usage of IoT devices and technology within the healthcare industry. This could include using sensors to track heart rate and other vital signs, or using data analytics to improve patient care. The goal of IoT Healthcare is to use technology to make the healthcare industry more efficient and effective.
Medical Device:
Medical device is any instrument, equipment or article used for diagnosis, prevention, treatment or alleviation of a disease. It can be either electronic or non-electronic in nature. Medical devices are classified into two types: therapeutic and diagnostic devices.
Systems & Software:
The systems and software segment is expected to grow at a lucrative rate during the forecast period. The growth can be attributed to factors such as increasing demand for data analytics in healthcare, rising adoption of cloud computing technology, and surging demand for connected health devices.
Systems & software are used by IoT healthcare providers to collect patient data using various devices such as fitness monitors, ECG machines, blood glucose monitors among others.
Application Insights:
The connected imaging segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growth can be attributed to increasing adoption of IoT technologies for remote monitoring of medical devices and equipment, real-time data collection, and streamlining processes. Moreover, there is a rise in demand for image analysis solutions that are capable of handling large volumes of data with high accuracy levels.
The work flow management segment accounted for a considerable share in 2017 owing to its ability to improve efficiency across departments by automating processes such as paperwork approvals, insurance claims processing, laboratory results communication & sharing among others. This also reduces human errors during complex procedures or automated tasks leading to improved quality control measures which further boosts market penetration over the forecast period.
IoT enables medication management by improving medication compliance through tracking drug dispensation via electronic health records (EHRs).
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the presence of major players, such as GE Healthcare; Philips; and Johnson & Johnson. The increasing adoption of IoT-based services and devices for remote patient monitoring and healthcare management is also anticipated to drive growth. Moreover, favorable government initiatives are further propelling industry growth in this region. For instance, according to an article published by Mckinsey on May 22nd 2018 titled “Healthcare IoT: A Vision for EHR Inclusion†it was stated that there are various initiatives taken up by the Department of Health & Human Services (HHS) that focus on improving health outcomes through data exchange between providers as well as between providers and patients across all sectors including public health, clinical care facilities (hospitals), home health care agencies, pharmacies/pharmacy organizations among others.
Growth Factors:
- Increasing demand for better and efficient healthcare services
- Rising awareness about the benefits of IoT healthcare solutions
- Proliferation of connected devices and sensors across the healthcare sector
- Growing investments in research and development for innovative IoT-based healthcare solutions
- Emergence of new business models to support monetization of IoT-enabled Healthcare services
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Healthcare Market Research Report
By Type
Medical Device, Systems & Software, Service, Connectivity Technology
By Application
Telemedicine, Work Flow Management, Connected Imaging, Medication Management
By Companies
Medtronic, Royal Philips, Cisco Systems, Ibm, Ge Healthcare, Microsoft, Sap Se, Qualcomm Life, Honeywell Life Care Solutions, Stanley Healthcare, Diabetizer, Proteus Digital Health, Adheretech, Cerner, Physiq
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global IoT Healthcare Market Report Segments:
The global IoT Healthcare market is segmented on the basis of:
Types
Medical Device, Systems & Software, Service, Connectivity Technology
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
Telemedicine, Work Flow Management, Connected Imaging, Medication Management
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:
- Medtronic
- Royal Philips
- Cisco Systems
- Ibm
- Ge Healthcare
- Microsoft
- Sap Se
- Qualcomm Life
- Honeywell Life Care Solutions
- Stanley Healthcare
- Diabetizer
- Proteus Digital Health
- Adheretech
- Cerner
- Physiq
Highlights of The IoT 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:
- Medical Device
- Systems & Software
- Service
- Connectivity Technology
- By Application:
- Telemedicine
- Work Flow Management
- Connected Imaging
- Medication Management
- 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 IoT 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
- Understanding Competition Scenario
- Product & Brand Management
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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?
IoT Healthcare is the umbrella term for all things IoT in healthcare. It includes everything from tracking patient data to automating medical procedures. The goal is to make healthcare more efficient and effective by using technology to improve patient care.
Some of the key players operating in the iot healthcare market are Medtronic, Royal Philips, Cisco Systems, Ibm, Ge Healthcare, Microsoft, Sap Se, Qualcomm Life, Honeywell Life Care Solutions, Stanley Healthcare, Diabetizer, Proteus Digital Health, Adheretech, Cerner, Physiq.
The iot 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 IoT 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 IoT Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT 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 IoT 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 IoT Healthcare Market Size & Forecast, 2020-2028
4.5.1 IoT Healthcare Market Size and Y-o-Y Growth
4.5.2 IoT Healthcare Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Medical Device
5.2.2 Systems & Software
5.2.3 Service
5.2.4 Connectivity Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Telemedicine
6.2.2 Work Flow Management
6.2.3 Connected Imaging
6.2.4 Medication Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT 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 IoT 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Medical Device
9.6.2 Systems & Software
9.6.3 Service
9.6.4 Connectivity Technology
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 Market Size Forecast by Applications
9.10.1 Telemedicine
9.10.2 Work Flow Management
9.10.3 Connected Imaging
9.10.4 Medication Management
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Medical Device
10.6.2 Systems & Software
10.6.3 Service
10.6.4 Connectivity Technology
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 Market Size Forecast by Applications
10.10.1 Telemedicine
10.10.2 Work Flow Management
10.10.3 Connected Imaging
10.10.4 Medication Management
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Medical Device
11.6.2 Systems & Software
11.6.3 Service
11.6.4 Connectivity Technology
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 Market Size Forecast by Applications
11.10.1 Telemedicine
11.10.2 Work Flow Management
11.10.3 Connected Imaging
11.10.4 Medication Management
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Medical Device
12.6.2 Systems & Software
12.6.3 Service
12.6.4 Connectivity Technology
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 Market Size Forecast by Applications
12.10.1 Telemedicine
12.10.2 Work Flow Management
12.10.3 Connected Imaging
12.10.4 Medication Management
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Medical Device
13.6.2 Systems & Software
13.6.3 Service
13.6.4 Connectivity Technology
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) Market Size Forecast by Applications
13.10.1 Telemedicine
13.10.2 Work Flow Management
13.10.3 Connected Imaging
13.10.4 Medication Management
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 IoT Healthcare Market: Competitive Dashboard
14.2 Global IoT Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Royal Philips
14.3.3 Cisco Systems
14.3.4 Ibm
14.3.5 Ge Healthcare
14.3.6 Microsoft
14.3.7 Sap Se
14.3.8 Qualcomm Life
14.3.9 Honeywell Life Care Solutions
14.3.10 Stanley Healthcare
14.3.11 Diabetizer
14.3.12 Proteus Digital Health
14.3.13 Adheretech
14.3.14 Cerner
14.3.15 Physiq
