Dublin, Feb. 26, 2019 (GLOBE NEWSWIRE) -- The "Internet of Things (IoT) in Healthcare Market Size, Share & Trends Analysis Report By End Use, By Component, By Connectivity Technology (Cellular, Wi-Fi, Satellite), By Application, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global internet of things (IoT) in healthcare market size is expected to reach USD 534.3 billion by 2025, expanding at a CAGR of 20.2% over the forecast period.
The market is majorly driven by growing adoption of healthcare information systems, rising initiatives supporting connected health, and ongoing trend of remote patient monitoring. Rising adoption of smart wearables for health monitoring and self-assessment is also positively impacting the market.
Global healthcare providers are transforming themselves into patient-centric and connected and coordinated entities to create an integrated ecosystem. Rising adoption of IoT in healthcare systems ensures improved treatment outcomes, reduced costs and errors, improved patient experience, and lessening time of disease management with real-time data monitoring. Thus, demand for IoT solutions is increasing globally in order to manage various operations in healthcare.
Technological advancements and subsequent new product launches by market players is also boosting the IoT in healthcare market. GE Healthcare, Koninklijke Philips N.V., and Cisco Systems are among the major players undertaking new product launches in the field. Growing initiatives supporting the adoption of eHealth and digital technologies is also one of the key factors boosting the market.
Further key findings from the report suggest:
- By component, the system and software segment is expected to register the fastest CAGR of 21.6% over the forecast period owing to growing interest of market players to develop innovative solutions for managing workflows in the healthcare industry
- In 2017, cellular technology accounted for the largest revenue share by connectivity technology. However, satellite technology is expected to exhibit a lucrative CAGR of 24.4% over the forecast period
- By end use, the hospitals and clinic segment accounted for the largest revenue share in 2017, owing to high adoption of IoT solutions to improve functional and operational workflow
- Inpatient monitoring emerged as the largest application segment in 2017; however medication management is expected to emerge as the fastest growing segment over the forecast period
- North America dominated the market by revenue in 2017 owing to availability of advanced healthcare IT infrastructure and favorable initiatives supporting adoption of eHealth and digital health
- Asia Pacific is expected to register the highest CAGR 21.4% over the forecast period
- The market is fairly competitive with the presence of players such as General Electric Company, IBM, Microsoft, Koninklijke Philips N.V., Cerner Corporation, and Cisco Systems.
Key Topics Covered:
Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Primary Research
Chapter 2 Executive Summary
2.1 Market Snapshot, USD Million, 2017
Chapter 3 IoT in Healthcare Market Variables, Trends, & Scope
3.1 Market Segmentation
3.2 Market Driver Analysis
3.2.1 Proliferation of smartphones usage
3.2.2 Growth in the demand for remote patient monitoring for improved out-of-hospital care
3.2.3 Technologically advanced healthcare IT infrastructure
3.2.4 Increase in the number of initiatives supporting eHealth and digital health
3.2.5 Rise in the healthcare expenditure prompting cost cutting initiatives
3.3 Market Restraint Analysis
3.3.1 Lack of data privacy
3.3.2 Lack of medical expertise
3.4 Key Opportunity Prioritized
3.5 IoT in Healthcare Market - PESTEL Analysis
3.6 Industry Analysis - Porter's
Chapter 4 IoT in Healthcare Market: Component Estimates & Trend Analysis
4.1 IoT in Healthcare Market Share: Component Movement Analysis, 2017 & 2025 (USD Million)
4.2 Medical Devices
4.2.1 Market revenue estimates and forecasts, 2014 - 2025 (USD Million)
4.2.2 Wearable external devices
4.2.3 Implantable medical devices
4.2.4 Stationary medical devices
4.3 System and Software
4.3.1 Market revenue estimates and forecasts, 2014 - 2025 (USD Million)
4.3.2 Remote device management
4.3.3 Network bandwidth management
4.3.4 Data analytics
4.3.5 Application security
4.3.6 Network security
4.4 Services
4.4.1 Market revenue estimates and forecasts, 2014 - 2025 (USD Million)
4.4.2 System integration services
4.4.3 Consulting, training, and education
4.4.4 Support and maintenance services
Chapter 5 IoT in Healthcare Market: Connectivity Technology Estimates & Trend Analysis
5.1 IoT in Healthcare Market Share: Connectivity Technology Movement Analysis, 2017 & 2025 (USD Million)
5.2 Wi-Fi
5.2.1 Market revenue estimates and forecasts, 2014 - 2025 (USD Million)
5.3 Bluetooth Low Energy (BLE)
5.4 ZigBee
5.5 Near Field Communication (NFC)
5.6 Cellular
5.7 Satellite
Chapter 6 IoT in Healthcare Market: End-use Estimates & Trend Analysis
6.1 IoT in Healthcare Market Share: End-use Movement Analysis, 2017 & 2025 (USD Million)
6.2 Clinical Research Organization (CRO)
6.2.1 Market revenue estimates and forecasts, 2014 - 2025 (USD Million)
6.3 Hospitals and clinics
6.4 Research and diagnostic laboratories
6.5 Others
Chapter 7 IoT in Healthcare Market: Application Estimates & Trend Analysis
7.1 IoT in Healthcare Market Share: Application Movement Analysis, 2017 & 2025 (USD Million)
7.2 Telemedicine
7.2.1 Market revenue estimates and forecasts, 2014 - 2025 (USD Million)
7.3 Medication Management
7.4 Clinical Operations
7.5 Inpatient Monitoring
7.6 Connected Imaging
7.7 Others
Chapter 8 IoT in Healthcare Market: Regional Estimates & Trend Analysis, by Component, Connectivity Technology, End-use, and Application
8.1 IoT in Healthcare Market Share, by Region, 2016 & 2025
8.2 North America
8.2.5 U.S.
8.2.6 Canada
8.3 Europe
8.3.5 Germany
8.3.6 U.K.
8.3.7 France
8.3.8 Russia
8.3.9 Italy
8.3.10 Spain
8.3.11 The Netherlands
8.3.12 Sweden
8.4 Asia Pacific
8.4.5 Japan
8.4.6 China
8.4.7 India
8.4.8 Australia
8.4.9 Singapore
8.5 Latin America
8.5.5 Brazil
8.5.6 Mexico
8.6 MEA
8.6.5 South Africa
8.6.6 Saudi Arabia
Chapter 9 Competitive Landscape
9.1 Market Participant Categorization
9.2 Company Profiles
9.2.1 Medtronic
9.2.1.1 Company overview
9.2.1.2 Financial performance
9.2.1.3 Product benchmarking
9.2.1.4 Strategic initiatives
9.2.2 Koninklijke Philips N.V.
9.2.3 General Electric Company
9.2.4 International Business Machines (IBM) Corporation
9.2.5 Microsoft
9.2.6 Cerner Corporation
9.2.7 Proteus Digital Health
9.2.8 AdhereTech, Inc.
9.2.9 Google
9.2.10 Cisco Systems, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/k6q9wl/global_internet?w=12
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