Global IoT Healthcare Market size is projected to be valued $205 Billion by 2024; with a CAGR of 20.2% from 2017 to 2025. The healthcare industry is one of the fastest to adopt the IoT. Integrate medical devices. These devices improve the quality and effectiveness of service, especially for elderly patients. IoT is also used to keep a tab on the locations of patients, personals and medical devices. Predicting the arrival of patients in Post-Anesthesia Care Unit (PACU), improve patient’s journey, degree of hygiene among the healthcare workers; and remote monitoring are the other benefits provided by IoT in healthcare.
Accessibility to high speed internet, high demand for cost-effective treatment, and rising technological advancements are expected to drive the IoT healthcare market. Moreover, increasing need for remote patient monitoring and fitness & wellness tracker for athletes are also expected to fuel the market. However, security of data and inadequate of IoT technical skills may hinder the growth of market. Increasing research and development and untapped markets would provide an opportunity for this market.
The IoT Healthcare market is segmented based on the component type, delivery mode, application, end-user and geography. Component type is further segmented into wireless sensor networks, embedded sensor networks, automation systems, control systems, other components types. Delivery mode segment is bifurcated into web-based, on-premises, and cloud-based. Furthermore, application is segmented into telemedicine, clinical operations and workflow management, connected imaging, impatient monitoring, medication management and others. End-user can be segmented into hospitals, surgical center and clinics, clinical research organization, research and diagnostic laboratory and others.
By geography, the global market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico, and Canada are covered under North America wherein Europe covers France, Germany, UK, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East, and Africa.
The key market players include GE Healthcare Ltd., Cisco Systems Inc., Google (Alphabet), International Business Machines Corporation, Proteus Digital Health, Medtronic PLC, Apple Inc., Microsoft Corporation, Qualcomm Life Inc., and St. Jude Medical Inc.
The report covers
Scope of the Global IoT Healthcare Market
Component Type Segments
Delivery Mode Segments
Source Type Segments