IoT in Healthcare Market size to expect over 15% growth to 2024

Major IoT in healthcare market players include Microsoft Corporation, General Electric, IBM Corporation, Honeywell International Inc. and Cisco Systems Inc, Stanley Healthcare, Qualcomm Inc., SAP SE and Medtronic Inc.

The IoT in healthcare market size is expanding owing to enhancements in the quality of patient care, improved access to the care facilities, and the significant reductions in the cost of care facilities to make it affordable for the hospitals and the patients. The technology enables point of care services with the aid of IoT enabled advanced monitoring systems that use gateways, sensors, and cloud services to store and analyze the data and simultaneously communicate it to the professional doctors for further analysis.

The emergence and rising need for inventory management services, growing digitalization services in the healthcare industry, enhancing workflow management, and increasing penetration of the IoT connected devices are anticipated to boost the demand for the IoT in healthcare market.

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High initial costs, data security, privacy concerns, and the reluctance of deploying IoT solutions are some of the main factors hampering the growth of IoT in healthcare market. The rising number of data hacking incidents can lock important services pertaining to the customer care in the healthcare industry as well as lead to the loss of important information regarding the patients. Additionally, the lack of awareness about the implementation of technology in the healthcare industry has led some medical facilities to rely on conventional healthcare practices limiting the IoT in healthcare market size.

The hardware segment of the IoT in healthcare market has a high demand owing to an increase in the use of portable diagnostic devices. Portable diagnostic devices, such as heart rate monitors, can help warn the patients about increasing blood pressure or impending heart attacks. In terms of technology, the market encompasses the use of Wi-Fi, Zigbee, NFC, and RFID for effective and immediate treatment of the patients.

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North American region including the U.S. and Canada is projected to hold the largest IoT in healthcare market size owing to the progressive smart technology infrastructure development, the strong financial ability of the healthcare sector, and the patients to afford these services. The Asia Pacific region including India, Japan, and China is projected to witness a significant growth in the IoT in healthcare market owing to the rising integration of IoT components in the healthcare systems in this region.

The players in the IoT in healthcare market include Microsoft Corporation, IBM Corporation, Cisco Systems, Inc., General Electric, Honeywell International, Inc, Qualcomm, Inc., SAP SE, Stanley Healthcare, and Medtronic, Inc. The players are investing highly in R&D to offer cost-competitive products to the patients. Furthermore, as part of this strategy, the players are entering into partnerships with various technology players to enhance their healthcare services and gain a foothold in the market.

Browse key industry insights spread across 130 pages with 155 market data tables & 12 figures & charts from the report, “IoT in Healthcare Market Size By Platform (Network Management, Device Management, Application Management), By Technology (Sensors, RFID, Connectivity Technology), By Component (Hardware, Software [Data Management, Streaming Analytics, Security, Remote Monitoring, Bandwidth Management]), By Service (Professional Service, Managed Service), By Application (Remote Monitoring, Telemedicine, Inventory Management), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Malaysia, Singapore, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

Table of Contents (ToC) of the report:
Chapter 8. IoT in Healthcare Market, By Application
8.1. Global market share by application, 2016 & 2024
8.2. Remote monitoring
8.2.1. Market estimates and forecast, 2013 - 2024
8.2.2. Market estimates and forecast, by region, 2013 – 2024
8.3. Tele-medicine
8.3.1. Market estimates and forecast, 2013 - 2024
8.3.2. Market estimates and forecast, by region, 2013 – 2024
8.4. Inventory management
8.4.1. Market estimates and forecast, 2013 - 2024
8.4.2. Market estimates and forecast, by region, 2013 – 2024
8.5. Others
8.5.1. Market estimates and forecast, 2013 - 2024
8.5.2. Market estimates and forecast, by region, 2013 – 2024
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