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IoT Healthcare Market See Worldwide Major Growth by Leading Key Players| SAP affiliate company, AdhereTech, Cerner Corporation, Meru Health, LifeFuels Inc

Global IoT Healthcare Market

Global IoT Healthcare Market By Component, {Medical Devices, Systems and Software, Services (System Integration Services, Professional Services, Support and Maintenance Services)}, Application (Telemedicine, Clinical Operations and Workflow Management, Connected Imaging,  Inpatient Monitoring, Medication Management), Connectivity Technology (Bluetooth Low Energy, Wi-Fi, Cellular, Near Field Communication (NFC), Satellite), End Users (Hospitals, Surgical Centers, and Clinics, Clinical Research Organization (CRO), Research and Diagnostics Laboratories), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026 Global IoT Healthcare Market is expected to rise from its initial estimated value of USD 263.43 billion in 2018 to an estimated value of USD 2083.62 billion by 2026, registering a CAGR of 29.5% in the forecast period of 2019-2026.

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Some of the major competitors currently working in the global IOT healthcare market are Medtronic (Ireland), Cisco Inc (US). GENERAL ELECTRIC (US), STANLEY Healthcare (USA), Capsule Technologies, Inc (USA), IBM Corporation (US), Koninklijke Philips N.V.,(Europe), Microsoft (US),.(US), SAP affiliate company (Germany), AdhereTech (US), Cerner Corporation (US), PhysIQ(US). Meru Health(US), LifeFuels Inc (USA), Keriton (US), CARRÉ TECHNOLOGIES INC. (US), ConnectedHealth (Singapore), others.

Market Definition: 

Internet of things healthcare, consists of different medical devices, systems and programming and had an effect on the overall healthcare sector which has been massively beneficial in remote clinical monitoring, chronic disease management and personal fitness monitoring and by giving more time to patients for interacting with their doctors.

Market Drivers

  • Implementation of IoT solutions for reduced cost of care act as a driver to the market.
  • Rise in investment for healthcare IoT solutions act as a driving agent for the market.

Key Developments in the Market:

In March 2017, Medtronic launched Reveal LINQ Insertable Cardiac Monitor (ICM) with TruRhythm Detection; it is an advanced cardiac monitor with high accuracy to efficiently identify abnormal heartbeats. The device communicates wirelessly with a patient’s bedside monitor, which uploads device data to the Medtronic CareLink network. This helped the company to offer highest quality products and services to deliver clinical and economic value to its consumers.

In February 2017, Royal Philips launched the IntelliVue Guardian solution featured with connectivity with the Philips Wearable Biosensor for the detection of subtle signs of patient deterioration in hospitals. This launch helped the company to bring the clinical benefits of predictive trend analytics to patients at hospital and home.

Competitive Analysis:

Global IoT healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IoT healthcare market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Segmentation: Global IoT Healthcare Market

By Component

  • Medical Devices
  • Systems and Software
  • Services
    • System Integration Services
    • Professional Services
    • Support and Maintenance Services

By Application

  • Telemedicine
  • Clinical Operations and Workflow Management
  • Connected Imaging
  • Inpatient Monitoring
  • Medication Management

By Connectivity Technology

  • Bluetooth Low Energy
  • Wi-Fi
  • Cellular
  • Near Field Communication (NFC)
  • Satellite

By End User

  • Hospitals
  • Surgical Centers and Clinics
  • Clinical Research Organization (CRO)
  • Research and Diagnostics Laboratories

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Table of Content:

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global IoT Healthcare Market Landscape

Part 04: Global IoT Healthcare Market Sizing

Part 05: Global IoT Healthcare Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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