The
global IoT
in Healthcare market was valued at $24,666.7 million in 2014,
and it is expected to grow with a CAGR of 37.6% during 2015 - 2020. Among the
various components, the system and software segment is expected to witness the
fastest growth during the forecast period, with a CAGR of 40.7%. The global IoT
in healthcare market is growing at a significant rate, due to increasing demand
for advanced healthcare information system, and growing prevalence of chronic
and lifestyle associated diseases. In addition, the growing need for remote
patient monitoring services, increasing demand of mHealth technologies, and
increasing support from government organizations are also driving the growth of
the global IoT in healthcare market.
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Internet of Things (IoT) in Healthcare” at: https://www.psmarketresearch.com/market-analysis/internet-of-things-in-healthcare-market
The
information and data in the publication “Global
IoT in Healthcare Market Size, Share, Development, Growth and Demand Forecast
to 2020” represent the research and analysis of data from various primary
and secondary sources. The bottom-top approach has been used to calculate the global
market size by type and drugs. The market numbers for countries are obtained
through top-down approach. P&S Market Research analysts and consultants
interacted with the authorities from leading companies of the concerned domain,
to substantiate every value of data presented in this report. The company bases
its primary research on discussions with prominent professionals and analysts
in the industry, which is followed by informed and detailed, online and offline
research.
The IoT applications in healthcare, such as
telemedicine, medication management, clinical operations and workflow
management, inpatient monitoring, helps in compiling services related to
diagnosis, treatment, care, and rehabilitation. It improves communication
between patients and healthcare providers, to reduce medication errors and
provide better coordinated care.
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According to the World Health Organization (WHO),
9.6 million people were diagnosed with tuberculosis and 1.5 million died due to
the disease in 2014. Similarly, according to the WHO, globally 130 million to
150 million people had chronic hepatitis C infection in 2014. Moreover,
according to the WHO in 2014, 1.2 million people died from HIV related causes
globally and 2 million people were newly infected with HIV.
However, lack of security; insufficient memory,
computational and energy limitations; and inadequate healthcare infrastructure
in developing economies are inhibiting the growth of the market. The increasing
number of collaboration and partnerships, growing number of product launches
and increasing popularity of IoT healthcare devices are the major trends observed
in the global IoT in healthcare market.
Geographically, North America dominated the
global market of IoT in healthcare in 2014; whereas the Asian market is
expected to witness the fastest growth, a CAGR of 41.6%, during the forecast
period.
Some
of the key companies operating in the global IoT in healthcare market include Medtronic
Plc., Koninklijke Philips N.V., General Electric Company, Qualcomm Incorporated,
Honeywell Life Care Solutions, SAP SE, Stanley Black & Decker Inc., International
Business Machine (IBM) Corporation, Microsoft Corporation, Cerner Corporation, Diabetizer
Ltd. & Co. KG, Proteus Digital Health Inc., AdhereTech Inc., and fPhysIQ,
Inc.
GLOBAL IOT IN
HEALTHCARE MARKET SEGMENTATION
Ø Medical Devices
o
Wearable External Devices
o
Implanted Medical Devices
o
Stationary Medical Devices
Ø
Software and Systems
o
Remote Device Management
o
Network Bandwidth Management
o
Data Analytics
o
Application Security
o
Network Security
Ø Services
By Connectivity Technology
Ø
Wi-Fi
Ø
Bluetooth Low Energy (BLE)
Ø
Zigbee
Ø
Near Field Communication (NFC)
Ø
Cellular
Ø
Satellite
By Application
Ø
Telemedicine
Ø
Medication Management
Ø
Clinical Operations
Ø
Connected Imaging
Ø
Inpatient Monitoring
Ø
Others
By End User
Ø
Clinical Research Organization (CRO)
Ø
Hospitals & Clinics
Ø
Research and Diagnostic Laboratories
Ø
Others
Ø
North America
o
The U.S.
o
Canada
o
Rest of North America
Ø
Europe
o
The U.K.
o
Germany
o
France
o
Rest of Europe
Ø
Asia
o
Japan
o
China
o
India
o
Rest of Asia
Ø
Rest of the World (RoW)
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