April 11, 2024

Future of Internet of Things (IOT) in Healthcare

The global internet of things (IoT) in healthcare market size accounted for US$ 180.5 billion in 2021 and is projected to reach around USD 960.2 billion by 2030, growing at a CAGR of 20.41% from 2022 to 2030.

Internet of Things (IOT) in Healthcare Market Size 2022 To 2030

Internet of Things in Healthcare Key Takeaways:

  • By component, services segment held 59% revenue share in 2021.
  • By end user, the hospital segment has garnered 35% revenue share in 2021.
  • North America has had a highest revenue share of over 40.3% in 2021.
  • Asia Pacific region is projected to grow at a CAGR of 18.50% from 2022 to 2030.

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Report Summary

The global internet of things (IoT) in healthcare market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations. Global internet of things (IoT) in healthcare market study covered in the report spans a forecast period from 2022 to 2030.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the internet of things (IoT) in healthcare market across the globe.

A comprehensive estimate on the internet of things (IoT) in healthcare market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of internet of things (IoT) in healthcare during the forecast period. Price point comparison by region with global average price is also considered in the study

Also Read: Why Use Healthcare Software As A Service?

Market Players of Internet of Things in Healthcare

The reports cover key developments in this market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the internet of things (IoT) in healthcare market are anticipated to have lucrative growth opportunities in the future with the rising demand in this global market.

The report also includes the profiles of key internet of things (IoT) in healthcare market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area are:

  • Medtronic (US)
  • Hillrom- Welch Allyn (US)
  • Stanley Healthcare (US)
  • Abbott Laboratories
  • AgaMtrix (US)
  • iHealth Lab, Inc
  • AliveCor,Inc
  • Bio Telemetry, Inc
  • Omron Healthcare, Inc (Japan)
  • Siemens AG (Germany)
  • Johnson & Johnson Services, Inc
  • Boston Scientific Corporation (US)
  • BIOTRNIK (Germany)
  • Honeywell Life Care Solutions (US)
  • Koninklijke Philips N.V. (Netherlands)
  • GE Healthcare (US)

Market Segmentation

By Medical Devices

  • Stationary Medical Devices
  • Wearable External Medical Devices
  • Implantable Medical Device
  • Other medical devices

By Software and System

  • Application Security
  • Network Security
  • Data Analytics
  • Remote Device Management
  • Network Bandwidth Management

By Services

  • Architecture (System Integration)
  • Consulting
  • Application Development (Support and Maintenance)

By Product

  • Vital Signs Monitoring Devices
    • Blood Glucose Monitors
    • ECGs/Heart Rate Monitors
    • Blood Pressure Monitors
    • Multiparameter Monitors
    • Oximeters
  • Imaging Systems
  • Respiratory Devices
  • Implantable Cardiac Devices
    • Implantable Cardioverter-defibrillators
    • Pacemakers
    • Implantable Cardiac Monitors
  • Patient Monitors
  • Infusion Pump
  • Fetal Monitoring Devices
  • Neurological Devices
  • Ventilators
  • Anesthesia Machines
  • Hearing Devices
  • Other Products

By Connectivity

  • Bluetooth
  • Zigbee
  • Wi-Fi
  • NFC
  • Embedded System
  • Others

By End User

  • Hospitals
  • Clinics
  • Laboratory Research
  • Others

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global internet of things (IoT) in healthcare market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for internet of things (IoT) in healthcare are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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