Global IoT Healthcare Market Will Reach USD 14,660 million by 2022: Zion Market Research

According to the report, global IoT Healthcare Market was valued at around USD 5,800 million in the year 2014 and it is expected to reach approximately USD 14,660 million by 2022. The global IoT Healthcare market is expected to exhibit a CAGR of more than 11.0% between 2017 and 2022.

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| Source: Zion Market Research

Sarasota, FL, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “IoT Healthcare Market by Component (Medical Devices, Services, Systems & Software); for Application (Clinical Operations & Work Flow Management, Telemedicine, Connected imaging, Medication Management, Inpatient Management and Others); by Connectivity (WiFi, Bluetooth Low Energy, Zigbee, Near Field Communication (NFC), Cellular and Satellite); by End User (Clinical Research Organization (CR), Government and Defense Institutions, Hospitals, Surgical Centers and Clinics and Research and Diagnostics Laboratories): Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2022”

According to the report, global IoT Healthcare Market was valued at around USD 5,800 million in the year 2014 and it is expected to reach approximately USD 14,660 million by 2022. The global IoT Healthcare market is expected to exhibit a CAGR of more than 11.0% between 2017 and 2022. 

Browse through 95 Tables & 69 Figures spread over 154 Pages and in-depth TOC on "Global IoT Healthcare Market Size & Trends 2016: Industry Research & Forecast Up to 2022”.

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The increasing implementation of diverse equipment (Diagnostic as well as therapeutic) in detecting and maintaining the health outcomes of patients is one of the major factors that drive the growth of the global IoT Healthcare market. In major developed countries, IoT has been successfully implemented in remote monitoring of diabetes and asthma patients, coupled with high penetration of fitness and wellness devices owing to which the sales of the IoT Healthcare systems will grow in the future years.

Several types of components are being used in the manufacturing of healthcare IoT devices. The systems and software are having a huge demand in the Global IoT Healthcare Market owing to increasing applications in all the medical devices, as it is the skeleton of medical devices to perform its actual functioning of interconnection between two devices. Systems and Software segment is expected to grow with a CAGR of 12.6% over the forecast period.

Browse the full "Global IoT Healthcare Market by Component (Medical Devices, Services, Systems & Software); Application (Clinical Operations & Work Flow Management, Telemedicine, Connected imaging, Medication Management, Inpatient Management and Others); Connectivity (WiFi, Bluetooth Low Energy, Zigbee, Near Field Communication (NFC), Cellular and Satellite); End User (Clinical Research Organization (CR), Government and Defense Institutions, Hospitals, Surgical Centers and Clinics and Research and Diagnostics Laboratories) Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2014 – 2022" report at https://www.zionmarketresearch.com/report/data-quality-tools-market

The wearable external medical devices are dominating the Global IoT Healthcare Market in medical devices segment due to the increased adoption of IoT technology in advanced healthcare and fitness devices. The remote patient monitoring experienced a huge leap in 2016. Total 7.1 million patients were enrolled in some form of digital healthcare program featuring connected medical devices that used the patient’s own mobile devices. Owing to the rising popularity and increasing demand, the segment is likely to grow at a higher CAGR of 11.3% over the forecast period.

By Application Telemedicine is the most recent application utilizing the IoT technology in maintaining the patient data and tracking the where about of the patient. Hence Telemedicine is a leading Application type segment in Global IoT Healthcare market. The telemedicine application type segment is likely to cross-market value of USD 4164.3 million by end of 2022 and is growing at a CAGR of 12.7% over the forecast period.

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Market Report Highlights:

  • Increasing awareness about IoT Devices among Healthcare professionals is expected to boost demand for IoT Healthcare devices and systems
  • Emerging economies such as China, Brazil, and India are expected to experience a significant market growth owing to the growing demand for advanced healthcare technology
  • Systems and software dominates the component segment of the IoT Healthcare Market as it consists of components like IoT sensors and software which are mainly responsible for communication between two healthcare devices
  • Cost-effectiveness and ease of use in devices connection through IoT contributes to the dominance of the WiFi in the IoT Healthcare Market
  • North America holds the dominant position in the global IoT Healthcare Market with around 40.4% share in 2017
  • The U.S. is the leading country in the IoT Healthcare Market in North America
  • Japan, South Korea, and China are some of the leading countries that contribute the major share in the IoT Healthcare Marketing Asia Pacific
  • The growing adoption rate of the IoT healthcare devices in Latin America opens up opportunities for industry participants
  • High cost of healthcare services in the Middle East & Africa is expected to limit the growth of the market in this region

According to the observations made by our analysts and by the suggestions made by the industry experts, it was found that IoT technology will be prevalent in almost all the medical devices, which is likely open up many opportunities for the IoT Healthcare market.

Some of the prominent market players in the IoT Healthcare Market include Cerner Corporation., Diabetizer Ltd. & Co. KG, Infosys Limited, Medtronic Public Limited Company, Microsoft Corporation, Proteus Digital Health, Inc. among others.

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Market Segmentation:

Global IoT Healthcare Market: Component Segment Analysis

  • Medical Devices
    • Implanted Medical Devices
    • Wearable External Medical Devices
    • Stationary Medical Devices
  • Services
    • Professional Services
    • System Integration Services
    • Maintenance and Support Services
  • Systems & Software
    • Data Analytics
    • Remote Devices Management
    • Network Bandwidth Management
    • Network Security
    • Application Security

Global IoT Healthcare Market: Application Segment Analysis

  • Clinical Operations & Work Flow Management
  • Telemedicine
    1. Remote Patient Monitoring
    2. Store & Forward Telemedicine
    3. Interactive Telemedicine
    4. Connected imaging
    5. Medication Management
    6. Inpatient Management
    7. Others

    Global IoT Healthcare Market: Connectivity Segment Analysis

    • WiFi
    • Bluetooth Low Energy
    • Zigbee
    • Near Field Communication (NFC)
    • Cellular
    • Satellite

    Global IoT Healthcare Market: End-User Segment Analysis

    • Clinical Research Organization (CR)
    • Government and Defense Institutions
    • Hospitals, Surgical Centers, and Clinics
    • Research and Diagnostics Laboratories

    Global IoT Healthcare Market: Regional Segment Analysis

    • North America
      • U.S.
      • Rest of North America
    • Europe
      • Germany
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Asia Pacific
    • The Middle East and Africa

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