Outlook on the IoT Healthcare Global Market to 2026


DUBLIN, June 4, 2021 / PRNewswire / - Global IoT Healthcare Market 2020-2026 report has been added to ResearchAndMarkets.com's offering.

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The global IoT healthcare market is expected to grow at a CAGR of around 16.8% over the forecast period. IoT enables healthcare professionals to be more proactive with patients. The data collected via IoT devices help medical professionals find the best treatment option for the patient. Certain benefits of IoT healthcare include cost reduction, productivity and efficiency, improved customer experience, and mobility and agility.

The increasing adoption of health and fitness due to COVID-19 will increase the use of real-time health monitoring and increase the IoT health market. The increasing use of devices with networked technology to manage operational and clinical tasks continues to drive the growth of the market. The widespread adoption of electronic health records (EHR) has been the main driver of the market growth. In addition, increasing investments by large IT companies in the healthcare sector and increasing expenditure in the healthcare sector are important motivating factors for the market. In addition, the growing geriatric population creates a demand for remote monitoring and EHR applications.

High costs for IoT healthcare as well as the lack of skilled workers for this technology act as major barriers to market growth. The reason for the high cost is the need to install software, hardware, training fees, network infrastructure and IT support. However, it is expected that continuous improvements in health spending and the increasing demand for IoT health in developing countries will drive market growth in developing countries in the coming years.

The global IoT Healthcare market is classified on the basis of components, application, and end-users. based on the component market is divided into Hardware and Software & Services. Based on the applications, the market is segmented into patient monitoring, telemedicine, networked imaging, and others. On the basis of the end-user, the market is divided into hospitals and clinics, clinical research institutions, research laboratories, and others.

Among the applications, the patient monitoring segment is expected to dominate the market growth as home and remote patient monitoring devices are increasingly used in conjunction with the increasing prevalence of lifestyle diseases such as diabetes, obesity, cancer, and others. According to the World Health Organization (WHO), an estimated 73% of deaths and 60% of the prevalence of chronic diseases will increase in 2020. Government regulations related to patient monitoring technologies are also driving the segment's growth. For example in March 2020, the FDA has issued a policy to facilitate the widespread use of patient monitoring systems so that patients do not have to go to hospitals, which reduce the risk of COVID-19 spreading around the world.

Geographically, the global IoT healthcare market is divided into four main regions, including North America (the USA and Canada), Europe (UNITED KINGDOM, Germany, France, Italy, Spain, and the rest Europe), Asia Pacific (India, China, Japan, and the rest Asia Pacific) and rest of the world (Latin America and the middle East and Africa (MY)). Asia Pacific is valued as one of the fastest growing regions in the IoT healthcare market. China, Japan and India contribute significantly to growth due to factors such as continuous improvement in the health care sector and the increase in the patient pool. The increasing importance and the increasing demand for such health systems, which are supported by a high-quality medical infrastructure, are driving the growth of the market.

Geographically, North America is expected to hold a significant market share in the global IoT healthcare market. Major economies expected to contribute to the North American IoT health market include the United States and Canada. Major factors contributing to market growth include the presence of large IT companies such as Microsoft Corp., IBM Corp., Oracle Corp., among others, as well as the presence of a developed healthcare IT infrastructure in the region. The increasing acceptance of the cloud platform is attributed to the faster provision of new functions in the healthcare industry

Outlook for market participants

Major players in the IoT healthcare market include Koninklijke Philips NV, Allscripts Healthcare, LLC, General Electric Co., Siemens AG, Cerner Corp., IBM Corp. and other. Market participants make a significant contribution to the market growth by employing various strategies including mergers and acquisitions, collaborations, and new product launches in order to stay competitive in the market. For example in August 2019, Philips announced the completion of its acquisition with Carestream Health Inc. With the acquisition, the company aims to provide better IT solutions for healthcare and industry-leading medical imaging. The two companies together will provide hospitals with improved IT and flexible solutions.

The report includes

The story goes on

  • Market value data analysis 2020 and forecast to 2027.

  • Annualized market revenue (in millions of US dollars) for each market segment.

  • Country-specific analysis of the most important geographical regions.

  • Key company in global hospital information systems

  • Market. New product launch information and relevant news are also available in the report based on the availability of data.

  • Analyze business strategies by identifying key market segments that are positioned for strong growth in the future.

  • Analysis of market entry and market expansion strategies.

  • Competitive strategies by identifying “who is where” in the market.

Key topics covered:

1. Summary of the report

2. Market overview and insights

3. Competitive landscape
3.1. Analysis of the main companies
3.1.1. overview
3.1.2. Financial analysis
3.1.3. SWOT analysis
3.1.4. Recent developments
3.2. Key strategy analysis

4. Market determinants
4.1. Motivators
4.2. Restrictions
4.3. opportunities

5. Market segmentation
5.1. Global IoT Healthcare Market By Components
5.1.1. hardware
5.1.2. Software & services
5.2. Global IoT Healthcare Market By Application
5.2.1. Patient monitoring
5.2.2. Telemedicine
5.2.3. Networked imaging
5.2.4. Other (networked operation & workflow management)
5.3. Global IoT Healthcare Market by End-User
5.3.1. Hospitals & clinics
5.3.2. Clinical research organization
5.3.3. Research laboratories
5.3.4. Other (government organization)

6. Regional analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. United Kingdom
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. the rest of Europe
6.3. Asia Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. the rest of Asia Pacific
6.4. rest of the world

7. Company profiles
7.1. Allscripts Healthcare, LLC
7.2. Arms Inc.
7.3 Bosch Healthcare Solutions GmbH
7.4. Cerner Corp.
7.5. Cisco Systems Inc.
7.6. Capsule Technology, Inc.
7.7. General Electric Co.
7.8. Google LLC
7.9. Honeywell International Inc.
7.10. IBM Corp.
7.11. Royal Philips NV
7.12. Medtronic Plc
7.13. Microsoft Corp.
7.14. Oracle Corp.
7.15. SAP SE
7.16. Siemens AG
7.17. ScienceSoft Corp.
7.18. Softweb Solutions Inc.
7.19. Stanley Black & Decker, Inc.
7.20. Telit group of companies

Please visit https://www.researchandmarkets.com/r/3w8m1l for more information on this report


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Research and Markets
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