IoT Healthcare Market 2021
The author of the report analyzed that the Global IoT Healthcare Market accounted for US$ 8232.18 million in 2017. A number of IoT cloud providers are currently entering into the market to provide suitable and specific IoT based services.
There have been cases where IoT has been successfully implemented in remote monitoring of diabetes and asthma patients, coupled with high penetration of fitness and wellness devices. This has created strong demand for the IoT in the healthcare industry.
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Major Key Players:
Some of the key participants in the global IoT healthcare market are Cerner Corporation, Diabetizer Ltd. & Co. KG, Infosys Limited, Medtronic Public Limited Company, Microsoft, PhysIQ, Proteus Digital Health, Qualcomm Life, Inc., SAP SE, STANLEY Healthcare Information Solution Ltd, IBM, Philips, AdhereTech Inc., Aeris, Apple Inc., Castlight Health, Cisco Systems Inc. amongst others.
IoT Healthcare Market- By Product
The validity and reliability of wearable devices are not always proven, especially in the case of fitness and lifestyle markets. Devices are marketed under the promise that they will help improve general health and fitness, but the majority of the manufacturers provide no empirical evidence to support the effectiveness of their products. Also, many of the wearable IoT devices are not cleared by the Food and Drug Administration (FDA). Owing to all such reasons, the government has imposed strict rules and regulations for the sale and manufacture of IoT healthcare devices. This is preventing the IoT Healthcare Market from growing.
Many small to midsize businesses (SMBs) are evolving. They are demanding a technology that will help them operate more proficiently and save money. With IoT, small and medium-sized businesses will have exceptional access to new technologies, new markets, suppliers as well as customers. So, many of them are trying to incorporate IoT in their business.
Market Segmentation
IoT Healthcare Market – By Component
Medical Devices
Implanted Medical Devices
Wearable External Medical Devices
Stationary Medical Devices
Services
Professional Services
System Integration Services
Maintenance & Support Services
Systems and Softwares
Data Analytics
Remote Devices Management
Network Bandwidth Management
Network Security
Application Security
IoT Healthcare Market – By Application Type
Clinical Operations and Workflow Management
Telemedicine
Remote Patient Monitoring
Store & Forward Telemedicine
Interactive Telemedicine
Connected Imaging
Medication Management
Inpatient Monitoring
Others
IoT Healthcare Market – By Connectivity Technology
Wi-Fi
Bluetooth Low Energy (BLE)
Zigbee
Near Field Communication (NFC)
Cellular
Satellite
Market By End User
Clinical Research Organization (CRO)
Government and Defense Institutions
Hospitals, Surgical Centers, and Clinics
Research and Diagnostics Laboratories
Market By Region
North America
U.S.
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Middle East and Africa
GCC Countries
Southern Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America
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