Market Overview:
The global medical IoT software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for connected healthcare devices and rising adoption of cloud-based medical IoT software solutions. Based on type, the global medical IoT software market can be segmented into cloud-based and on-premises solutions. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period. This can be attributed to the growing demand for cloud-based solutions among healthcare providers due to their advantages such as scalability, flexibility, and cost efficiency. Based on application, the global medical IoT software market can be divided into hospital and clinic applications. The hospital application segment is expected to account for a larger share of this market than the clinic application segment during 2018–2030 owing to factors such as rising number of hospitals worldwide and increasing focus on patient safety by hospitals across different regions.
Product Definition:
Medical IoT software is a type of software that allows for the collection and analysis of data from medical devices and sensors. This data can then be used to improve patient care, clinical workflows, and research. Medical IoT software is important because it helps healthcare providers collect data from a variety of sources in a single place, making it easier to identify patterns and trends. This data can then be used to improve patient care, clinical workflows, and research.
Cloud-Based:
Cloud-based software is a collection of tools and services that help in reducing the cost, time and space required to deploy an application. It helps in deploying applications on pay-as-you-go models, where the user only needs to pay for the resources he uses. The deployment model can be either on-premises or completely cloud based depending upon requirements.
On-Premises:
On-premises software is a type of cloud-based software that is installed and run from the end user's own system. The advantage of on-premises software is that it has complete control over data, applications, and infrastructure. It also allows easy customization of products according to the client’s requirements.
Application Insights:
The hospital segment dominated the global medical IoT software market in 2017 and is expected to maintain its lead over the forecast period. The growth of this segment can be attributed to factors such as increasing investments by governments in healthcare infrastructure development, growing emphasis on patient safety, and need for streamlining processes across hospitals. For instance, according to a study published by Accenture in 2018, it was estimated that around USD 2.6 trillion will be spent globally on building or upgrading hospitals from 2016 to 2020.
Clinical applications include use of IoT devices for monitoring patients¢â‚¬â„¢ vital signs throughout their stay at clinics or hospitals as well as tracking medication compliance post-treatment.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to high adoption of IoT technology and growing focus on healthcare IT infrastructure development. Moreover, presence of major players such as GE Healthcare; Philips Healthcare; Johnson & Johnson Services, Inc.; and UnitedHealth Group is also contributing towards growth in this region.
Asia Pacific medical IoT software market is anticipated to grow at a lucrative rate over the forecast period due to increasing government initiatives for implementation of advanced technologies for effective management of healthcare information systems coupled with rising demand for patient care monitoring systems that help doctors provide better treatment options based on real-time data processing from various hospitals across countries such as India, China, Japan etc. Furthermore, increasing penetration rates for smartphones along with rapid internet connectivity has created a huge opportunity in this regional market space which most industry players are trying hard to tap into by introducing their products through online channels or offline distribution channels like trade shows or seminars etc.
Growth Factors:
- Increasing demand for better and efficient healthcare services
- Rising awareness about the benefits of Medical IoT Software
- Growing number of connected devices and sensors
- Proliferation of big data and analytics in the medical industry
- Emergence of cloud-based platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical IoT Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Hospital, Clinic
By Companies
Davra, HealthSaaS, Intel Corporation, Ripples IoT, Sirqul, Stryker, STANLEY Healthcare, VMware
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Medical IoT Software Market Report Segments:
The global Medical IoT Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
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
Hospital, Clinic
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:
- Davra
- HealthSaaS
- Intel Corporation
- Ripples IoT
- Sirqul
- Stryker
- STANLEY Healthcare
- VMware
Highlights of The Medical IoT Software 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:
- Cloud-Based
- On-Premises
- By Application:
- Hospital
- Clinic
- 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 Medical IoT Software 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
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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?
Medical IoT software is a type of software that helps healthcare providers and patients manage their health data. It can help doctors diagnose diseases, prescribe medications, and monitor patient health. Medical IoT software can also help hospitals track patient care and improve efficiency.
Some of the major companies in the medical iot software market are Davra, HealthSaaS, Intel Corporation, Ripples IoT, Sirqul, Stryker, STANLEY Healthcare, VMware.
The medical iot software market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical IoT Software 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 Medical IoT Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical IoT Software 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 Medical IoT Software 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 Medical IoT Software Market Size & Forecast, 2018-2028
4.5.1 Medical IoT Software Market Size and Y-o-Y Growth
4.5.2 Medical IoT Software Market Absolute $ Opportunity
Chapter 5 Global Medical IoT Software 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 Medical IoT Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical IoT Software 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 Medical IoT Software Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical IoT Software 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 Medical IoT Software 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 Medical IoT Software Analysis and Forecast
9.1 Introduction
9.2 North America Medical IoT Software 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 Medical IoT Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
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 Medical IoT Software Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
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 Medical IoT Software Analysis and Forecast
10.1 Introduction
10.2 Europe Medical IoT Software 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 Medical IoT Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
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 Medical IoT Software Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
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 Medical IoT Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical IoT Software 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 Medical IoT Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
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 Medical IoT Software Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
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 Medical IoT Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical IoT Software 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 Medical IoT Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
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 Medical IoT Software Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
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) Medical IoT Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical IoT Software 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) Medical IoT Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
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) Medical IoT Software Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
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 Medical IoT Software Market: Competitive Dashboard
14.2 Global Medical IoT Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Davra
14.3.2 HealthSaaS
14.3.3 Intel Corporation
14.3.4 Ripples IoT
14.3.5 Sirqul
14.3.6 Stryker
14.3.7 STANLEY Healthcare
14.3.8 VMware
