Dublin, May 20, 2022 /PRNewswire/—— “Global Healthcare IoT Market, By Type (In Body Segment, In Home Segment, In Hospital Segment, Others), By Component, By Product Type, By Technology, By Application, By End User, By Region, Competition, Forecast & Opportunities , 2017-2027” report added to ResearchAndMarkets.com’s supply.
The global medical IoT market is expected to grow at a CGAR of 19.48% during the forecast period of 2023-2027, reaching $198.521 billion by 2027
Rising healthcare spending and rapid adoption of advanced technologies by the healthcare industry to improve patient care and services are expected to be the key drivers for the global healthcare IoT market.
Furthermore, the development of the telecommunication sector in developing countries and the deployment of 5G technology are expected to boost the growth of the global medical IoT market over the forecast period.
Continued technological advancements in the healthcare industry are transforming the healthcare industry. Medical IoT is a system in which multiple medical devices are connected or connected through a network. It can provide healthcare facilities with real-time updates on patient health status, thereby improving the quality of service provided to patients.
Efforts by major authorities in emerging economies to provide high-speed internet connections are expected to significantly improve telehealth services. Healthcare organizations’ focus on delivering patient-centered care, increasing patient engagement, and making healthcare affordable will accelerate market demand over the next five years.
Furthermore, favorable government policies and digitization trends in healthcare facilities are expected to accelerate the global healthcare IoT market over the forecast period. However, growing concerns related to data privacy and security are likely to hinder the market growth over the forecast period.
The global medical IoT market is segmented into types, components, product types, technologies, applications, end users, companies, and regional distribution. Based on components, the market is segmented into medical devices, systems and software, connectivity technologies, and services.
Medical devices dominated the market with a market share of 37.27% in 2021 and is expected to maintain its dominance throughout the forecast period 2023-2027. Increasing awareness of the benefits of adopting preventive healthcare practices and availability of innovative and cost-effective medical devices are factors supporting the market demand.
GE Healthcare, Medtronic Plc., Johnson & Johnson, Koninklijke Philips NV, Siemens Healthineers AG, Abbott Laboratories, Inc., Boston Scientific Corporation, IBM Corporation, Omron Healthcare, Inc., Cisco Systems, Inc., Hill-Rom Holdings, Inc . . , Ypsomed AG, Honeywell International, Inc., Microsoft Corporation, Qualcomm Life, Inc. are the key market players operating in the global medical IoT market.
Research purposes:
- To analyze the historical growth and market size of the global medical IoT market from 2017 to 2021
- Estimate and forecast the market size of the global medical IoT market from 2022 to 2027 and the growth rate to 2027
- Categorize and forecast the global Medical IoT market by test type, use, full test time, technology, specimen, mobility, end-use, company and regional distribution
- Identifying Drivers and Challenges of the Global Medical IoT Market
- Examine the competitive developments in the global Medical IoT market such as expansions, new product launches, mergers and acquisitions, etc.
- Pricing Analysis of Global Healthcare IoT Market
- To identify and analyze the profiles of leading players operating in the global Healthcare IoT market
Main target audience:
- Medical IoT service providers, suppliers, distributors and other stakeholders
- Government agencies such as regulators and policy makers
- Organizations, Forums, and Alliances Related to the Medical IoT Market
- Market research and consulting firm
Years considered in this report:
- Historical Years: 2017-2020
- Base year: 2021
- Expected Year: 2022
- Forecast period: 2023-2027
Key topics covered:
1. Product overview
2. Research methodology
3. Impact of COVID-19 on the Global Healthcare IoT Market
4. Voice of the customer
4.1.brand awareness
4.2. Factors contributing to the transformation of the medical IoT
4.3. Demand, by Type
4.4. Preferences, by Technology
4.5. Demand, by Product Type
5. Executive Summary
6. Global Medical IoT Market Outlook
6.1.Market size and forecast
6.1.1. By value
6.2. Market Share and Forecast
6.2.1. By Type (Body Part, Home Part, Hospital Part, Clinic Part, Community Part)
6.2.2. By Components (Medical Devices, Systems and Software, Connectivity Technology, Services)
6.2.3. By Product Type (Smart Wearables, Home Medical Devices, Point-of-Care Kits)
6.2.4. By Technology (Bluetooth Low Energy (BLE), Zigbee, Wifi, LPWAN, Others)
6.2.5. By Application (Telemedicine, Clinical Operations and Workflow Management, Medication Management, Connected Imaging, Inpatient Monitoring, Others)
6.2.6. By End User (Healthcare Providers, Patients, Government Authorities, Others)
6.2.7. By Region
6.2.8. By Company (2021)
6.3. Product Market Map
7. North American Medical IoT Market Outlook
7.1.Market size and forecast
7.2. Market Share and Forecast
7.3. North America: Country Analysis
7.3.1. U.S. Medical IoT Market Outlook
7.3.2. Canadian Medical IoT Market Outlook
7.3.3. Mexico Healthcare IoT Market Outlook
8. Outlook of the Asia-Pacific Medical IoT Market
8.1.Market size and forecast
8.2. Market Share and Forecast
8.3. Asia-Pacific: Country Analysis
8.3.1. China Medical IoT Market Outlook
8.3.2. Outlook of Japanese Medical IoT Market
8.3.3. South Korea Medical IoT Market Outlook
8.3.4. India Medical IoT Market Outlook
8.3.5.Australian Healthcare IoT Market Outlook
8.3.6. Indonesia Medical IoT Market Outlook
9. Outlook of the European Medical IoT Market
9.1.Market size and forecast
9.2. Market Share and Forecast
9.3. Europe: Country Analysis
9.3.1.German Medical IoT Market Outlook
9.3.2. French Medical IoT Market Outlook
9.3.3. UK Healthcare IoT Market Outlook
9.3.4.Italian Healthcare IoT Market Outlook
9.3.5.Spanish Healthcare IoT Market Outlook
9.3.6.Netherlands Healthcare IoT Market Outlook
10. South American Medical IoT Market Outlook
10.1.Market size and forecast
10.2. Market Share and Forecast
10.3. South America: Country Analysis
10.3.1. Brazil Healthcare IoT Market Outlook
10.3.2. Argentina Healthcare IoT Market Outlook
10.3.3. Colombia Healthcare IoT Market Outlook
10.3.4. Chile Medical IoT Market Outlook
11. middle East and African Healthcare IoT Market Outlook
11.1.Market size and forecast
11.2. Market Share and Forecast
11.3. MEA: Country Analysis
11.3.1. South Africa Healthcare IoT Market Outlook
11.3.2. Saudi Arabia Healthcare IoT Market Outlook
11.3.3. Turkey Healthcare IoT Market Outlook
11.3.4. UAE Healthcare IoT Market Outlook
12. Market dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Competitive Outlook
14.2. Company Profile (Including SWOT Analysis of Top 5 Players)
14.2.1. GE Healthcare
14.2.2. Medtronic Corporation
14.2.3. Johnson & Johnson
14.2.4. Koninklijke Philips NV
14.2.5. Siemens Healthineers
14.2.6. Abbott Laboratories Inc.
14.2.7. Boston Scientific
14.2.8. IBM Corporation
14.2.9.Omron Healthcare Corporation
14.2.10. Cisco Systems
14.2.11. Hill-Rom Holdings
14.2.12.Ypsomed AG
14.2.13. Honeywell International Inc.
14.2.14. Microsoft Corporation
14.2.15. Qualcomm Life
15. Strategic Recommendations
For more information on this report, please visit https://www.researchandmarkets.com/r/iytijk
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