The internet of things (iot) in healthcare market size is expected to see exponential growth in the next few years. It will grow to $481.64 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to increasing adoption of smart devices and wearables in healthcare, increase in geriatric population and growing adoption of digital transformation in healthcare. Major trends in the forecast period include technological advancements, use of telemedicine, edge computing technology, adoption of real time health monitoring system, product launch, and partnerships and collaborations.
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Segmentation & Regional Insights
The internet of things (iot) in healthcare market covered in this report is segmented –
1) By Component: Medical Devices, Systems and Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Near Field Communications, Satellite, Bluetooth, Zigbee
3) By Application: Telemedicine, Clinical Operations and Workflow Management, Inpatient Monitoring, Medication Management, Connected Imaging, Other Applications
4) By End Users: Clinical Research Organizations, Government Institutions, Research and Diagnostic Laboratories, Hospitals and Clinics, Other End Users
North America was the largest region in the internet of things (IoT) in healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (iot) in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing adoption of digital transformation is expected to contribute to the growth of the internet of things in the healthcare market. Digital Transformation of the healthcare industry refers to the transformation through various technologies and digital care programs to serve patients better with advancements in healthcare. The increase in digital transformation in healthcare increased the use of various technologies, such as artificial intelligence in healthcare. 81% of healthcare executives say the pace of digital transformation for their organization is accelerating, and 93% report that they are innovating with a sense of urgency and call to action this year. For example, PharmStars, is trying to get pharma and digital health companies on the same page to foster collaborations and innovation. The KidsX Accelerator program was launched in 2021, to fuel the development of digital health solutions in pediatrics, a historically overlooked area. For instance, according to the India Brand Equity Foundation, an Indian government ministry, the Indian digital healthcare market is expected to reach $485.43 billion by 2024. Therefore, the growing adoption of digital transformation in healthcare will promote the growth of the internet of things in healthcare market.
Key Industry Players
Major companies operating in the internet of things (iot) in healthcare market report are IBM Corporation, Microsoft Corporation, Koninklijke Philips N.V, GE Healthcare, Cisco Systems Inc., SAP SE, Medtronic PLC, Siemens Healthiness GmbH, Intel Corporation, Comarch, Lenovo Healthcare Information Technology, China Unicom Ltd., MyrIoTa, NTT Communications, HCL technologies Harbinger system, Aeron Systems, FuGenX Technologies Pvt. Ltd, Fuji Electric Systems Co., Ltd, Mediatek Inc., Huawei, Telkom Indonesia, Xiaomi Inc., Apteki+, Insilico Medicine, Gero, Alibaba Group Holding Ltd., Bioserenity, Orange Business Services, Robert Bosch GmbH Singtel, Infineon Technologies, BIoTronik, Coimbra Genomics, Doctoralia, Emperra, Exovite, Genexyx, NeurNation, Psious, Px Healthcare, TrialReach, XtremeVRI, Skin Analytics, Babylon Health, Cambridge Cognition, DeepMind Technologies, BenevolentAI, Renalytix AI, Exscientia, Iktos, Novartis, Care Mentor AI, MediSensum, Botkin, Ardigen, Hill-Rom Services, Inc., Oracle Corporation, Altizon Systems, Qualcomm Technologies Inc, Fire Eye Inc., STANLEY Healthcare, TeleMD, Webiomed, Senseonics Holdings Inc, TeleTracking Technologies Inc, Honeywell Lifecare Solutions, Deep Genomics, Cyclica, Boston Scientific Corporation, Health Care Originals, Dacadoo, Healthbank, SilverCloud, Diagnocat, Hewlett Packard Enterprise UAE, Nutrino.
The internet of things (iot) in healthcare market report table of contents includes:
1. Executive Summary
2. Internet Of Things (IoT) In Healthcare Market Characteristics
3. Internet Of Things (IoT) In Healthcare Market Trends And Strategies
4. Internet Of Things (IoT) In Healthcare Market – Macro Economic Scenario
5. Global Internet Of Things (IoT) In Healthcare Market Size and Growth
………………………….
32. Global Internet Of Things (IoT) In Healthcare Market Competitive Benchmarking
33. Global Internet Of Things (IoT) In Healthcare Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Internet Of Things (IoT) In Healthcare Market
35. Internet Of Things (IoT) In Healthcare Market Future Outlook and Potential Analysis
36. Appendix
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