The Internet Of Things (IoT) In Healthcare by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Internet Of Things (IoT) In Healthcare, The internet of things (iot) in healthcare market size has grown exponentially in recent years. It will grow from $188.23 billion in 2023 to $229.44 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to economic growth in emerging markets, rising prevalence of chronic diseases, and increase in internet penetration.
The internet of things (iot) in healthcare market size is expected to see exponential growth in the next few years. It will grow to $481.64 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to increasing adoption of smart devices and wearables in healthcare, increase in geriatric population and growing adoption of digital transformation in healthcare. Major trends in the forecast period include technological advancements, use of telemedicine, edge computing technology, adoption of real time health monitoring system, product launch, and partnerships and collaborations.
The growing adoption of digital transformation is expected to contribute to the growth of the internet of things in the healthcare market. Digital Transformation of the healthcare industry refers to the transformation through various technologies and digital care programs to serve patients better with advancements in healthcare. The increase in digital transformation in healthcare increased the use of various technologies, such as artificial intelligence in healthcare. 81% of healthcare executives say the pace of digital transformation for their organization is accelerating, and 93% report that they are innovating with a sense of urgency and call to action this year. For example, PharmStars, is trying to get pharma and digital health companies on the same page to foster collaborations and innovation. The KidsX Accelerator program was launched in 2021, to fuel the development of digital health solutions in pediatrics, a historically overlooked area. For instance, according to the India Brand Equity Foundation, an Indian government ministry, the Indian digital healthcare market is expected to reach $485.43 billion by 2024. Therefore, the growing adoption of digital transformation in healthcare will promote the growth of the internet of things in healthcare market.
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The internet of things (iot) in healthcare market covered in this report is segmented –
1) By Component: Medical Devices, Systems and Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Near Field Communications, Satellite, Bluetooth, Zigbee
3) By Application: Telemedicine, Clinical Operations and Workflow Management, Inpatient Monitoring, Medication Management, Connected Imaging, Other Applications
4) By End Users: Clinical Research Organizations, Government Institutions, Research and Diagnostic Laboratories, Hospitals and Clinics, Other End Users
Top Major Players
IBM Corporation
Microsoft Corporation
Koninklijke Philips N.V
GE Healthcare
Cisco Systems Inc.
Technological advancements are a key trend gaining popularity in the internet of things (IoT) in the healthcare market. Major companies operating in the IoT in the healthcare market are developing new technologies to strengthen their position in the market. For instance, in November 2021, GE Healthcare, a US-based diagnostic imaging agents and radiopharmaceuticals manufacturer operating in the IoT in the healthcare market, unveiled around 60 innovative technology solutions, underpinned by artificial intelligence (AI) and digital solutions to help transform healthcare delivery, including patient screening, diagnostics, therapy planning, guidance, and monitoring. ulrichINJECT CT Motion uses automated syringeless technology to help workflow efficiencies. Digital expert access is a real-time virtual solution, integrated into imaging devices.
The internet of things (iot) in healthcare market report table of contents includes:
1. Executive Summary
2. Internet Of Things (IoT) In Healthcare Market Characteristics
3. Internet Of Things (IoT) In Healthcare Market Trends And Strategies
4. Internet Of Things (IoT) In Healthcare Market - Macro Economic Scenario
5. Global Internet Of Things (IoT) In Healthcare Market Size and Growth
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32. Global Internet Of Things (IoT) In Healthcare Market Competitive Benchmarking
33. Global Internet Of Things (IoT) In Healthcare Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Internet Of Things (IoT) In Healthcare Market
35. Internet Of Things (IoT) In Healthcare Market Future Outlook and Potential Analysis
36. Appendix
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