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(EMAILWIRE.COM, March 12, 2024 ) According to a research report “IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User and Region – Global Forecast to 2028″ published by MarketsandMarkets, the global IoT in healthcare market size is projected to grow from USD 127.7 billion in 2023 to USD 289.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period.
Browse 331 market data Tables and 40 Figures spread through 252 Pages and in-depth TOC on “IoT in Healthcare Market – Global Forecast to 2028”
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160082804
The rising penetration of smartphones, growing prevalence of chronic and lifestyle disorders, increasing healthcare costs, and rising self-health management leading to the increasing demand for better healthcare services will drive the market.
Medical Devices segment to hold the highest market share during the forecast period
The large-scale adoption of medical devices can be attributed to the growing need for cost-effective and efficient solutions for delivering healthcare services. With an increasing prevalence of chronic, age-related health conditions, fast-paced growth in the medical device industry has been observed globally. Some newly emerging technologies, including cloud computing, the internet of things (IoT), and artificial intelligence, have contributed significantly to the advancement in the medical device industry.
Wearable External Medical Devices segment to grow at the highest CAGR during the forecast period
Wearable external medical devices are becoming increasingly popular for monitoring and managing various health conditions. Factors such as increasing health awareness, preference for preventive care, rising need for the extended home health monitoring of patients owing to the growing geriatric population, and subsequent prevalence of chronic diseases are making wearable devices common in-home care settings.
Asia Pacific (APAC) region to record the highest growth rate in the IoT in Healthcare market in 2023
Asia Pacific is an emerging region in the IoT in Healthcare market. High-growth markets in Asia Pacific are China, India, and other countries, such as South Korea, Singapore, Malaysia, and Thailand. These countries are expected to provide significant opportunities for players in this market. This can be attributed to the increasing patient burden in highly populated Asia Pacific countries, growing geriatric population and disease burden, as well as the high penetration of smartphones, tablets, and high-speed networks, and continuous initiatives by national governments to digitalize their healthcare sectors.
Key and innovative vendors in Key and innovative vendors in the IoT in healthcare market include Cisco (US), IBM (US), GE Healthcare (US), Microsoft (US), SAP (Germany), Medtronic (Ireland), Royal Philips (Netherlands), Resideo Technologies (US), Securitas (Sweden), Bosch (Germany), Armis (US), Oracle (US), PTC (US), Huawei (China), Seimens ( Germany), R-Style Lab (US), HQSoftware (Estonia), Oxagile (US), Softweb Solutions (US), OSP Labs (US), Comarch SA (Poland), Telit (UK), Kore Wireless (US), ScienceSoft (US), Intel (US), AgaMatrix (US), Welch Allyn (US), AliveCor (US), Sensely (US), Clover Health (US). These vendors have adopted many organic as well as inorganic growth strategies, such as new product launches, and partnerships and collaborations, to expand their offerings and market shares in the IoT in healthcare market.
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Browse 331 market data Tables and 40 Figures spread through 252 Pages and in-depth TOC on “IoT in Healthcare Market – Global Forecast to 2028”
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160082804
The rising penetration of smartphones, growing prevalence of chronic and lifestyle disorders, increasing healthcare costs, and rising self-health management leading to the increasing demand for better healthcare services will drive the market.
Medical Devices segment to hold the highest market share during the forecast period
The large-scale adoption of medical devices can be attributed to the growing need for cost-effective and efficient solutions for delivering healthcare services. With an increasing prevalence of chronic, age-related health conditions, fast-paced growth in the medical device industry has been observed globally. Some newly emerging technologies, including cloud computing, the internet of things (IoT), and artificial intelligence, have contributed significantly to the advancement in the medical device industry.
Wearable External Medical Devices segment to grow at the highest CAGR during the forecast period
Wearable external medical devices are becoming increasingly popular for monitoring and managing various health conditions. Factors such as increasing health awareness, preference for preventive care, rising need for the extended home health monitoring of patients owing to the growing geriatric population, and subsequent prevalence of chronic diseases are making wearable devices common in-home care settings.
Asia Pacific (APAC) region to record the highest growth rate in the IoT in Healthcare market in 2023
Asia Pacific is an emerging region in the IoT in Healthcare market. High-growth markets in Asia Pacific are China, India, and other countries, such as South Korea, Singapore, Malaysia, and Thailand. These countries are expected to provide significant opportunities for players in this market. This can be attributed to the increasing patient burden in highly populated Asia Pacific countries, growing geriatric population and disease burden, as well as the high penetration of smartphones, tablets, and high-speed networks, and continuous initiatives by national governments to digitalize their healthcare sectors.
Key and innovative vendors in Key and innovative vendors in the IoT in healthcare market include Cisco (US), IBM (US), GE Healthcare (US), Microsoft (US), SAP (Germany), Medtronic (Ireland), Royal Philips (Netherlands), Resideo Technologies (US), Securitas (Sweden), Bosch (Germany), Armis (US), Oracle (US), PTC (US), Huawei (China), Seimens ( Germany), R-Style Lab (US), HQSoftware (Estonia), Oxagile (US), Softweb Solutions (US), OSP Labs (US), Comarch SA (Poland), Telit (UK), Kore Wireless (US), ScienceSoft (US), Intel (US), AgaMatrix (US), Welch Allyn (US), AliveCor (US), Sensely (US), Clover Health (US). These vendors have adopted many organic as well as inorganic growth strategies, such as new product launches, and partnerships and collaborations, to expand their offerings and market shares in the IoT in healthcare market.
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
