Singapore markets closed
  • Straits Times Index

    3,166.94
    -13.67 (-0.43%)
     
  • Nikkei

    27,283.59
    -498.83 (-1.80%)
     
  • Hang Seng

    25,961.03
    -354.29 (-1.35%)
     
  • FTSE 100

    7,037.63
    -40.79 (-0.58%)
     
  • BTC-USD

    39,068.47
    -801.06 (-2.01%)
     
  • CMC Crypto 200

    926.13
    -23.77 (-2.50%)
     
  • S&P 500

    4,398.64
    -20.51 (-0.46%)
     
  • Dow

    34,986.69
    -97.84 (-0.28%)
     
  • Nasdaq

    14,680.35
    -97.92 (-0.66%)
     
  • Gold

    1,827.20
    -8.60 (-0.47%)
     
  • Crude Oil

    73.51
    -0.11 (-0.15%)
     
  • 10-Yr Bond

    1.2320
    -0.0370 (-2.92%)
     
  • FTSE Bursa Malaysia

    1,494.60
    -18.33 (-1.21%)
     
  • Jakarta Composite Index

    6,070.04
    -50.69 (-0.83%)
     
  • PSE Index

    6,270.23
    -226.30 (-3.48%)
     

Internet of Things (IoT) in Healthcare Market is Expected to Grow at a CAGR of 29.9% to Reach $322.2 billion by 2025: Meticulous Research®

London, March 19, 2020 (GLOBE NEWSWIRE) -- With rising demand for quality care, increasing cost of healthcare, and shift towards value-based care, the healthcare industry has started to transform and IoT play a crucial role in this transformation. Internet of Things in healthcare can be defined as a network of medical devices that connect directly with each other to capture, share, and monitor crucial data automatically. This technology has a significant impact in healthcare, particularly in remote monitoring, diseases management, preventive care, and assisted living for elderly patients.

According to a new market research report “Internet of Things (IoT) in Healthcare Market by Component (Medical Device, Connectivity Solutions, Systems and Software, Services), Application (Telemedicine, Clinical Operations and Workflow Management, Medication Management, Connected Imaging, Inpatient Monitoring), and End User - Global Forecast to 2025”, published by Meticulous Research® , the IoT in healthcare market is expected to grow at a CAGR of 29.9% from 2019 to 2020 to reach $322.2 billion by 2025.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4945

The growth of the global healthcare IoT market is mainly attributed to the factors such as rising need for cost-containment in healthcare delivery, growing penetration of smartphone & increasing adoption of high-speed networking technologies, increasing focus on patient-centric care delivery, and digital health initiatives across the globe. In addition, increasing focus on active patient engagement and rising need for healthcare in remote sites further supports the growth of the market. However, the factors such as high cost of IoT infrastructure deployment & cost of ownership and dearth of IT professionals across healthcare organizations are likely to hinder the market growth. Furthermore, growing focus on telehealth technologies will serve as growth opportunity for this market.

List of the Key Companies Operating in the Healthcare IoT Market:

  • Technology Providers

    • Cisco Systems Inc. (U.S.)

    • Microsoft Corporation (U.S.)

    • IBM Corporation (U.S.)

    • SAP SE (Germany)

    • Qualcomm Life, Inc. (U.S.)

    • Honeywell Life Care Solutions (U.S.)

  • Medical Device Manufacturers

    • GE Healthcare (US)

    • Siemens Healthineers (Germany)

    • Medtronic (US)

    • Philips (Netherlands)

    • Honeywell Life Care Solutions (US)

    • Boston Scientific (US)

    • Johnson & Johnson (US)

    • BIOTRONIK (Germany)

    • Omron (Japan)

    • AgaMatrix (US)

    • STANLEY Healthcare (US)

    • AliveCor (US)

    • iHealth Lab (US)

    • Welch Allyn (US).

Browse In-depth Summary of This Research Report: https://www.meticulousresearch.com/product/healthcare-iot-market/

Based on component, medical devices accounted for the largest share of overall Internet of Things in healthcare market. The largest share of this segment is primarily attributed to the higher adoption of medical devices as a basic need for treatment of diseases; rising prevalence of chronic diseases associated with aging population; and increasing prevalence of lifestyle associated disorders such as obesity, diabetes, and others among adult population.

Based on end-users, hospitals & clinics are the major adopters of Internet of Things (IoT) and held the largest share of overall Internet of Things (IoT) in healthcare market. The largest share of this segment is primarily attributed to rising burden of patients in hospitals owing to various chronic diseases; rising patient data; growing adoption of IoT enabled medical devices among hospitals to improve quality care delivery & enable patient-centric care delivery services; and growing need to improve operational & clinical workflow within and outside the hospital environment.

Geographically, North America accounted for the largest share of the overall healthcare IoT market. However, Asia-Pacific is expected to be the fastest-growing market during the forecast period owing to increasing penetration of smartphone; improved internet connectivity and high-speed networks; rising need to manage growing burden of chronic diseases; and government efforts to improve accessibility of healthcare services to remote locations.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in Healthcare IoT market including Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Qualcomm Life, Inc. (U.S.), Honeywell Life Care Solutions (U.S.). Whereas, the leading players offering IoT-enabled medical devices include GE Healthcare (US), Siemens Healthineers (Germany), Medtronic (US), Philips (Netherlands), Honeywell Life Care Solutions (US), Boston Scientific (US), Johnson & Johnson (US), BIOTRONIK Germany), Omron (Japan), AgaMatrix (US), STANLEY Healthcare (US), AliveCor (US), iHealth Lab (US), and Welch Allyn (US).

Key questions answered in the report-

  • Which are the high growth market segments for IoT healthcare in terms of medical devices, connectivity technologies, systems and software, and IoT support services segments?

  • What was the historical market for healthcare IoT technologies across the globe?

  • What are the market forecasts and estimates for the period 2018-2025?

  • What are the geographical trends and high growth regions/ countries?

  • What are the major drivers, restraints, opportunities, and challenges in the global IoT healthcare market?

  • Who are the major players in the global IoT healthcare market?

  • How is the competitive landscape and who are the market leaders in the global IoT healthcare market?

  • What are the recent developments in the global IoT healthcare market?

  • What are the different strategies adopted by the major players in the global IoT healthcare market?

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4945

Browse Adjacent Reports:

Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud) and End User (Hospital, Payer, Pharmacy, Ambulatory, Homecare) - Global Forecast to 2027

Precision Medicine Software Market by Delivery Mode (On-Premise, Cloud-Based), Application (Oncology, Pharmacogenomics, rare diseases), End User (Healthcare Providers, Pharmaceutical and Biotechnology Companies), and Geography - Global Forecast to 2025

Healthcare Chatbots Market by Component, Deployment (On-premise and Cloud-based), Application (Symptom Checking, Medication Assistance and Guidance, Coverage and Claims Management, Appointment Management), End User, and Geography - Global Forecast to 2025

Real World Evidence (RWE) Solutions Market by Component (RWD, EMR, Claim, Patient Registry, Pharmacy, Service), Application (Oncology, CVD, Neuro, Infection, Regulatory), End User (Pharma, Biotech, Medical Devices, Payers, Healthcare) - Global Forecast to 2024

Meticulous Research® also offers Custom Research services providing focused, comprehensive and tailored research.

About Meticulous Research®

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.


Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Meticulous Research® Blog: https://meticulousblog.org/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting