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Market Snapshot

CAGR:8.3

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.3

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Report Overview

The Internet of Things (IoT) in Healthcare Market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 21.56% between 2022 and 2032. The market is expected to expand by USD 73,985.36 million during this period. IoT in healthcare refers to the integration of connected devices and sensors in the healthcare ecosystem, enabling real-time data collection, monitoring, and improved patient care.

Internet of Things (IoT) in Healthcare Market Overview:

Drivers:

The increasing adoption of remote patient monitoring and the need for efficient healthcare solutions drive the growth of the IoT in Healthcare market. IoT-enabled devices, such as wearable health trackers and connected medical equipment, enhance patient engagement and empower healthcare professionals with real-time insights.

Furthermore, the demand for personalized and preventive healthcare propels the adoption of IoT in healthcare. Connected devices facilitate continuous health monitoring and early detection of health issues, leading to timely interventions.

Trends:

The integration of Artificial Intelligence (AI) and machine learning algorithms in IoT healthcare devices is a significant trend shaping the market. AI-driven analytics enhance the interpretation of collected data, enabling predictive insights and improving diagnostic accuracy.

Moreover, the use of blockchain technology for secure data exchange and interoperability in IoT healthcare is growing. Blockchain ensures data integrity, patient privacy, and seamless data sharing among healthcare providers.

Restraints:

The challenges of data privacy and cybersecurity pose obstacles in the IoT in Healthcare market. Connected healthcare devices collect sensitive patient data, making data protection and secure communication critical.

Additionally, interoperability and standardization of IoT devices in healthcare can be complex. Ensuring seamless integration and compatibility across different devices and systems requires standardized protocols.

IoT in Healthcare Market Segmentation by Component: The Medical Devices segment is expected to witness substantial growth during the forecast period. IoT-enabled medical devices, such as wearable health trackers, connected infusion pumps, and smart monitoring equipment, revolutionize patient care and management.

Furthermore, the Software segment is a key area in the IoT in Healthcare market. IoT software platforms facilitate data collection, analytics, and visualization, enabling healthcare professionals to make informed decisions.

IoT in Healthcare Market Segmentation by Application: The Remote Patient Monitoring segment is anticipated to exhibit significant growth due to the increasing demand for home-based healthcare solutions. IoT-enabled devices allow healthcare providers to monitor patients' health conditions remotely and provide timely interventions.

Regional Overview:

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North America is projected to contribute significantly to the global IoT in Healthcare market, accounting for 47% of the market share during the forecast period. The region's advanced healthcare infrastructure, technological innovation, and growing investment in digital health drive the adoption of IoT solutions.

Moreover, North America's focus on improving patient outcomes, reducing healthcare costs, and enhancing patient experiences aligns with the integration of IoT in healthcare.

In 2020, the IoT in Healthcare market witnessed accelerated growth, driven by the need for remote monitoring and digital health solutions during the COVID-19 pandemic. Telehealth, remote consultations, and IoT-enabled devices gained prominence.

IoT in Healthcare Market Customer Landscape: The market report analyzes the adoption lifecycle, spanning from early adopters to late adopters. It examines adoption rates across different healthcare settings and sectors, considering penetration levels. The report also explores key purchase criteria and factors influencing IoT device selection and implementation.

Major IoT in Healthcare Market Companies: Key players in the IoT in Healthcare market are adopting diverse strategies such as partnerships, acquisitions, technology innovation, and solution expansion to enhance their market presence.

Some major players include:

Medtronic PLC
Koninklijke Philips N.V.
General Electric Company
Cisco Systems, Inc.
IBM Corporation
Siemens AG
Qualcomm Technologies, Inc.
Microsoft Corporation
Cerner Corporation
Honeywell International Inc.

The research report provides a comprehensive competitive landscape analysis of 20 market companies, evaluating their strengths, weaknesses, and strategic approaches. The analysis categorizes companies based on their market focus and dominance.

Segment Overview:

The IoT in Healthcare market report forecasts revenue growth globally, regionally, and at the country level. It analyzes trends and growth opportunities from 2019 to 2032.

Component Outlook (USD Million, 2019 - 2032)

Medical Devices
Software
Services

Application Outlook (USD Million, 2019 - 2032)

Remote Patient Monitoring
Telemedicine
Connected Imaging
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Internet of Things (IoT) in Healthcare MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Internet of Things (IoT) in Healthcare MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Internet of Things (IoT) in Healthcare Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Internet of Things (IoT) in Healthcare MARKET BY component landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Medical Devices

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Systems & Software

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Services

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Internet of Things (IoT) in Healthcare MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Telemedicine

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Inpatient Monitoring

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Medication Management

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Internet of Things (IoT) in Healthcare MARKET REGIONAL OUTLOOK

7.1. Internet of Things (IoT) in Healthcare Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Internet of Things (IoT) in Healthcare Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Internet of Things (IoT) in Healthcare Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Medtronic PLC

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Koninklijke Philips NV

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Cisco Systems

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 International Business Machines Corporation (IBM)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 GE Healthcare

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Internet Of Things Iot In Healthcare Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032