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Internet of Things in Healthcare Market by Component (Devices, System & Software, and services), Application (Patient Monitoring, Clinical Operation & Workflow Optimization, Connected Imaging, Fitness & Wellness Measurement, and Drug Development) and End User (Healthcare Providers, Patients, Healthcare Payers, Research Laboratories, and Government Authority): Global Opportunity Analysis and Industry Forecast, 2020–2027

A00924
Pages: 298
Jun 2020 | 25081 Views
 
Author(s) : Ravi Telugunta, Sumitra Choudhary
Tables: 111
Charts: 49
 

COVID-19

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The global internet of things in healthcare market was valued at $113.75billion in 2019 and is expected to reach $332.67billion by 2027, registering a CAGR of 13.20% from 2020 to 2027.

The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data. Further, IoT applications in healthcare facilitate important tasks such as to improve patient outcomes, and also take some burden off health practitioners. Internet of Things (IoT)-enabled devices have made remote monitoring in the healthcare sector possible, unleashing the potential to keep patients safe and healthy, and empowering physicians to deliver superlative care. Furthermore, from 2017 to 2022, growth in IoT healthcare applications is indeed projected to accelerate as the Internet of Things is a key component in the digital transformation of the healthcare industry and various stakeholders are stepping up their effort in this field.

Internet-of-Things-in-Healthcare-Market-2020-2027

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The major factors that contribute toward the growth of the internet of things in healthcare market include owing to technological advancements, rising incidence rates of chronic diseases such as COPD, genetic diseases, respiratory diseases, and others, better accessibility to high-speed internet, implementation of favorable government regulatory policies. Furthermore, growing demand for cost-effective treatment and disease management, increased adoption of smart devices and wearables, increasing interest in self-health measurement, and reduced healthcare cost with advanced and cost effectives IoT in healthcare products and solutions. Moreover, rising interest of the startup companies in IoT healthcare industry such as MedAngelONE, Amiko, SWORD health, and Aira, is expected to boost the market growth. However, factors such as high costs associated with IoT infrastructure development, data privacy and security issues, lack of awareness among public in developing regions, and limited technical knowledge are expected to impede the market growth. Various factors such as government initiatives to support IoT platform, improvement in healthcare infrastructure in developing countries, and high R&D spending are expected to boost the market growth. 

Global Internet Of Things In Healthcare market Segmentation  

This report segments the internet of things in healthcare market on the basis of component, application, end user, and region. On the basis of component, the market is segmented into devices, system & software and services. The devices segment is further segmented into implantable sensor devices, wearable sensor devices, and other sensor devices. System & software segment are further categorized into network layer, database layer, and analytics layer. Moreover, services segment covers architecture, consulting, and application development services. Based on application, the market is segmented into patient monitoring, clinical operation & workflow optimization, connected imaging, fitness & wellness measurement, and drug development. Based on end user, global internet of things in healthcare market is segmented into healthcare providers, patients, healthcare payers, research laboratories of pharmaceutical & biotechnology companies, and government authorities. The market has been analyzed across four regions namely North America, Europe, Asia-Pacific, and LAMEA. 

Segment Review

On the basis of component, the market is divided into devices, system & software, and services. In addition, the service segment held the major internet of things in healthcare market share in 2019, owing to growing demand for uninterrupted data flows boost the efficiency of the medical systems, enhance security, and improve informed decision-making in real-time is the key factor driving the services segment. However, the devices segment is estimated to be the fastest growing segment in the global internet of things in healthcare market during forecast period owing to the advancements of the wearable sensor devices, implanted sensor devices and other stationary devices. Among these devices, wearable device is the highest growing devices market. This is attributed to surge in awareness to adopt the wearable devices, increase in trend of self-monitoring and analysis the health data. In addition, medical wearable devices can also help measure information such as blood pressure, cholesterol, blood sugar, and others, which resulted in boosting the growth of the devices market during the forecast period.

Internet of Things in Healthcare Market
By Component

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Internet of Things in Healthcare services segment holds a dominant position in 2019.

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By application, the patient monitoring segment is accounted for the highest revenue generator in 2019, owing to as patient monitoring enables data from devices to be collected and made available to healthcare professionals in real-time. 

Internet of Things in Healthcare Market
By Application

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Drug Development segment is projected as one of the most lucrative segment.

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In 2019, North America accounted for a major share of the internet of things in healthcare market size and is expected to continue this trend owing to rapid technological advancements, increasing investments from top players, supportive governmental rules, rise in prevalence of chronic disease patient population and increase in demand for cost effective disease treatment. However, Asia-Pacific is expected to witness growth at significant rate during the forecast period, by registering a CAGR of 17.40%. This is mainly due to rapidly changing healthcare infrastructure in the developing countries such as India and China, large patient population, rising public awareness, and increasing healthcare spending.

Internet of Things in Healthcare Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 17.4% during 2019-2027.

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The global internet of things in healthcare market is highly competitive, and prominent players have adopted various strategies for garnering maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Apple Inc., Cisco Systems Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Proteus Digital Health, Koninklijke Philips N.V., QUALCOMM Incorporated, and Abbot Laboratories.

Key Benefits For Stakeholders

  • This report entails a detailed quantitative analysis along with the current global internet of things in healthcare market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.

  • The internet of things in healthcare market forecast is studied from 2019 to 2027. 

  • The internet of things in healthcare market size and estimations are based on a comprehensive analysis of key developments in the industry.

  • A qualitative analysis based on innovative products facilitates strategic business planning.

  • The development strategies adopted by the key internet of things in healthcare market players are enlisted to understand the competitive scenario of the market

Key Market Segments

By Component

  • Devices
    • Implantable Sensor Devices
    • Wearable Sensor Devices
    • Others Sensor Devices
  • System and Software
    • Network Layer
    • Database Layer
    • Analytics Layer
  • Services
    • Architecture (System integration)
    • Consulting
    • Application Development (support and maintenance)

By Application

  • Patient Monitoring
  • Clinical Operation and Workflow Optimization
  • Clinical Imaging
  • Fitness and Wellness Measurement
  • Drug Development

By End User

  • Healthcare Providers
  • Patients
  • Healthcare Payers
  • Research Laboratories (Biotech/Pharma)
  • Government Authority

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • France 
    • UK 
    • Rest of Europe
  • Asia-Pacific
    • Japan 
    • China 
    • India 
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst Tools and Models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis

3.3.1.Moderate bargaining power of buyers
3.3.2.Low bargaining power of suppliers
3.3.3.Moderate threat of substitutes
3.3.4.Low threat of new entrants
3.3.5.Moderate competitive rivalry

3.4.Top winning strategies, 2016-2018
3.5.Regulatory Scenario

3.5.1.HIPAA (Health insurance portability and accountability act)
3.5.2.HITECH (Health Information Technology for Economic and Clinical Health) act
3.5.3.Affordable care act
3.5.4.FDASIA (Food and drug administration safety and innovation act)
3.5.5.European standards organizations (CENELEC (European committee for electrotechnical standardization), CEN and ETSI)
3.5.6.The U.S. Food and Drug Administration (FDA) Role In Medical Device Cybersecurity

3.6.Market dynamics

3.6.1.Drivers

3.6.1.1.Technological advancements
3.6.1.2.Increasing demand for low-cost disease management and treatment
3.6.1.3.Rising prevalence of chronic diseases
3.6.1.4.Collaboration among companies

3.6.2.Restraint

3.6.2.1.Data privacy and security
3.6.2.2.Lack of awareness among consumers in developing regions
3.6.2.3.Lack in accuracy of sensors

3.6.3.Opportunity

3.6.3.1.Develop low-power wide area networks (LPWANs)
3.6.3.2.Initiatives taken to increase awareness among consumers
3.6.3.3.Government initiatives for promoting digital health

CHAPTER 4:INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT

4.1.Overview

4.1.1.Market size and forecast

4.2.Devices

4.2.1.Key market trends and opportunities
4.2.2.Market size and forecast
4.2.3.Market share analysis, by country

4.2.3.1.Wearable sensor Devices
4.2.3.2.Implanted sensor devices
4.2.3.3.Others sensor devices

4.3.System and Software

4.3.1.Key market trends and opportunities
4.3.2.Market size and forecast
4.3.3.Market share analysis, by country

4.3.3.1.Network layer
4.3.3.2.Database layer
4.3.3.3.Analytics layer

4.4.Services

4.4.1.Key market trends and opportunities
4.4.2.Market size and forecast
4.4.3.Market share analysis, by country

CHAPTER 5:INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Patient monitoring

5.2.1.Market size and forecast
5.2.2.Market share analysis, by country

5.3.Clinical operation and workflow optimization

5.3.1.Market size and forecast
5.3.2.Market share analysis, by country

5.4.Connected imaging

5.4.1.Market size and forecast
5.4.2.Market share analysis, by country

5.5.Fitness and wellness measurement

5.5.1.Market size and forecast
5.5.2.Market share analysis, by country

5.6.Drug development

5.6.1.Market size and forecast
5.6.2.Market share analysis, by country

CHAPTER 6:INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER

6.1.Overview
6.2.Healthcare providers

6.2.1.Market size and forecast
6.2.2.Market share analysis, by country

6.3.Patients

6.3.1.Market size and forecast
6.3.2.Market share analysis, by country

6.4.Healthcare payers

6.4.1.Market size and forecast
6.4.2.Market share analysis, by country

6.5.Research laboratories

6.5.1.Market size and forecast
6.5.2.Market share analysis, by country

6.6.Government authority

6.6.1.Market size and forecast
6.6.2.Market share analysis, by country

CHAPTER 7:INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by country
7.2.3.Market size and forecast, by component
7.2.4.Market size and forecast, by application
7.2.5.Market size and forecast, by end user
7.2.6.U.S.

7.2.6.1.U.S. market size and forecast, by component
7.2.6.2.U.S. market size and forecast, by application
7.2.6.3.U.S. market size and forecast, by end user

7.2.7.Canada

7.2.7.1.Canada market size and forecast, by component
7.2.7.2.Canada market size and forecast, by application
7.2.7.3.Canada market size and forecast, by end user

7.2.8.Mexico

7.2.8.1.Mexico market size and forecast, by component
7.2.8.2.Mexico market size and forecast, by application
7.2.8.3.Mexico market size and forecast, by end user

7.3.Europe

7.3.1.Key growth factors and opportunities
7.3.2.Market size and forecast, by country
7.3.3.Market size and forecast, by component
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by end user
7.3.6.Germany

7.3.6.1.Germany market size and forecast, by component
7.3.6.2.Germany market size and forecast, by application
7.3.6.3.Germany market size and forecast, by end user

7.3.7.France

7.3.7.1.France market size and forecast, by component
7.3.7.2.France market size and forecast, by application
7.3.7.3.France market size and forecast, by end user

7.3.8.UK

7.3.8.1.UK market size and forecast, by component
7.3.8.2.UK market size and forecast, by application
7.3.8.3.UK market size and forecast, by end user

7.3.9.Rest of Europe

7.3.9.1.Rest of Europe market size and forecast, by component
7.3.9.2.Rest of Europe market size and forecast, by application
7.3.9.3.Rest of Europe market size and forecast, by end user

7.4.Asia-Pacific

7.4.1.Key growth factors and opportunities.
7.4.2.Market size and forecast, by country
7.4.3.Market size and forecast, by component
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by end user
7.4.6.Japan

7.4.6.1.Japan market size and forecast, by component
7.4.6.2.Japan market size and forecast, by application
7.4.6.3.Japan market size and forecast, by end user

7.4.7.China

7.4.7.1.China market size and forecast, by component
7.4.7.2.China market size and forecast, by application
7.4.7.3.China market size and forecast, by end user

7.4.8.India

7.4.8.1.India market size and forecast, by component
7.4.8.2.India market size and forecast, by application
7.4.8.3.India market size and forecast, by end user

7.4.9.Australia

7.4.9.1.Australia market size and forecast, by component
7.4.9.2.Australia market size and forecast, by application
7.4.9.3.Australia market size and forecast, by end user

7.4.10.Rest of Asia-Pacific

7.4.10.1.Rest of Asia-Pacific market size and forecast, by component
7.4.10.2.Rest of Asia-Pacific market size and forecast, by application
7.4.10.3.Rest of Asia - Pacific market size and forecast, by end user

7.5.LAMEA

7.5.1.Key growth factors and opportunities
7.5.2.Market size and forecast, by country
7.5.3.Market size and forecast, by component
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by end user
7.5.6.Latin America

7.5.6.1.Latin America market size and forecast, by component
7.5.6.2.Latin America market size and forecast, by application
7.5.6.3.Latin America market size and forecast, by end user

7.5.7.Middle East

7.5.7.1.Middle East market size and forecast, by Component
7.5.7.2.Middle East market size and forecast, by application
7.5.7.3.Middle East market size and forecast, by end user

7.5.8.Africa

7.5.8.1.Africa market size and forecast, by component
7.5.8.2.Africa market size and forecast, by application
7.5.8.3.Africa market size and forecast, by end user

CHAPTER 8:COMPANY PROFILES

8.1.Apple Inc.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.Alphabet Inc. (Google)

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.1.Key strategic moves and developments

8.3.Abbott Laboratories

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.1.Key strategic moves and developments

8.4.Cisco Systems Inc.

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments

8.5.General Electric Company

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.International Business Machine Corporation (IBM)

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.Koninklijke Philips N.V.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.1.Key strategic moves and developments

8.8.Microsoft Corporation

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.1.Key strategic moves and developments

8.9.Medtronic Plc

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.Proteus Digital Health Inc.

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio

8.11.QUALCOMM Incorporated

8.11.1.Company overview
8.11.2.Company snapshot
8.11.3.Operating business segments
8.11.4.Product portfolio
8.11.5.Business performance
8.11.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 02.DIVCES INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 03.SYSTEM AND SOFTWARE INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 04.SERVICES INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 05.INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 06.PATIENT MONITORING INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 07.CLINICAL OPERATION AND WORKFLOW OPTIMIZATION INTERNET OF THINGS IN HEALTHCARE CORTICOSTEROIDS MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 08.CONNECTED IMAGING INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 09.FITNESS AND WELLNESS MEASUREMENT INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 10.DRUG DEVELOPMENT INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 11.INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 12.HEALTHCARE PROVIDERS INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 13.PATIENTS INTERNET OF THINGS IN HEALTHCARE CORTICOSTEROIDS MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 14.HEALTHCARE PAYERS INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 15.RESEARCH LABORATORIES INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 16.GOVERNMENT AUTHORITY INTERNET OF THINGS IN HEALTHCARE MARKET FOR TRAUMA CENTERS, BY REGION, 2019-2027 ($MILLION)
TABLE 17.INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 18.NORTH AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 19.NORTH AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 20.NORTH AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 21.NORTH AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER, 2018–2026 ($MILLION),
TABLE 22.U.S. INTERNET OF THINS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 23.U.S. INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 24.U.S. INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 25.CANADA INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 26.CANADA INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 27.CANADA INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 28.MEXICO INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 29.MEXICO INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 30.MEXICO INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 31.EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 32.EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 33.EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 34.EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER, 2018–2026 ($MILLION),
TABLE 35.GERMANY INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 36.GERMANY INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 37.GERMANY INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 38.FRANCE INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 39.FRANCE INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 40.FRANCE INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 41.UK INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 42.UK INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 43.UK INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 44.REST OF EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 45.REST OF EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 46.REST OF EUROPE INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 47.ASIA-PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 48.ASIA-PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 49.ASIA-PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 50.ASIA-PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER, 2018–2026 ($MILLION),
TABLE 51.JAPAN INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 52.JAPAN INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 53.JAPAN INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 54.CHINA INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 55.CHINA INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 56.CHINA INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 57.INDIA INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 58.INDIA INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 59.INDIA INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 60.AUSTRALIA INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 61.AUSTRALIA INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 62.AUSTRALIA INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 63.REST OF ASIA- PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 64.REST OF ASIA- PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 65.REST OF ASIA- PACIFIC INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 66.LAMEA INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 67.LAMEA INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 68.LAMEA INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 69.LAMEA INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER, 2018–2026 ($MILLION),
TABLE 70.LATIN AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 71.LATIN AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 72.LATIN AMERICA INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 73.MIDDLE EAST INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 74.MIDDLE EAST INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 75.MIDDLE EAST INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 76.AFRICA INTERNET OF THINGS IN HEALTHCARE MARKET BY COMPONENT, 2019-2027 ($MILLION)
TABLE 77.AFRICA INTERNET OF THINGS IN HEALTHCARE MARKET BY APPLICATION, 2019-2027 ($MILLION)
TABLE 78.AFRICA INTERNET OF THINGS IN HEALTHCARE MARKET BY END USER, 2019-2027 ($MILLION)
TABLE 79.APPLE: COMPANY SNAPSHOT
TABLE 80.APPLE: OPERATING SEGMENTS:
TABLE 81.APPLE: PRODUCT PORTFOLIO:
TABLE 82.ALPHABET INC. (GOOGLE): COMPANY SNAPSHOT
TABLE 83.ALPHABET INC. (GOOGLE): OPERATING SEGMENTS
TABLE 84.ALPHABET INC. (GOOGLE): PRODUCT PORTFOLIO
TABLE 85.ABBOTT: COMPANY SNAPSHOT
TABLE 86.ABBOTT: OPERATING SEGMENTS
TABLE 87.ABBOTT: PRODUCT PORTFOLIO
TABLE 88.CISCO: COMPANY SNAPSHOT
TABLE 89.CISCO: OPERATING SEGMENTS
TABLE 90.CISCO: PRODUCT PORTFOLIO
TABLE 91.GE: COMPANY SNAPSHOT
TABLE 92.GE: PRODUCT SEGMENTS
TABLE 93.GE HEALTHCARE: PRODUCT PORTFOLIO
TABLE 94.IBM: COMPANY SNAPSHOT
TABLE 95.IBM: OPERATING SEGMENTS:
TABLE 96.IBM: PRODUCT PORTFOLIO
TABLE 97.PHILIPS: COMPANY SNAPSHOT
TABLE 98.PHILIPS: OPERATING SEGMENTS
TABLE 99.PHILIPS: PRODUCT PORTFOLIO
TABLE 100.MICROSOFT: COMPANY SNAPSHOT
TABLE 101.MICROSOFT: OPERATING SEGMENTS
TABLE 102.MICROSOFT: PRODUCT PORTFOLIO
TABLE 103.MEDTRONIC: COMPANY SNAPSHOT
TABLE 104.MEDTRONIC: OPERATING SEGMENTS
TABLE 105.MEDTRONIC: PRODUCT PORTFOLIO
TABLE 106.PROTEUS: COMPANY SNAPSHOT
TABLE 107.PROTEUS: OPERATING SEGMENTS:
TABLE 108.PROTEUS: PRODUCT PORTFOLIO
TABLE 109.QUALCOMM: COMPANY SNAPSHOT
TABLE 110.QUALCOMM: OPERATING SEGMENTS
TABLE 111.QUALCOMM: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.INTERNET OF THINGS IN HEALTHCARE, MARKET SEGMENTATION
FIGURE 02.TOP INVESTMENT POCKETS
FIGURE 03.TOP WINNING STRATEGIES, BY YEAR, 2017–2019*
FIGURE 04.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2019* (%)
FIGURE 05.TOP WINNING STRATEGIES, BY COMPANY, 2017-2019* (%)
FIGURE 06.DRIVERS, RESTRAINT, AND OPPORTUNITY, INTERNET OF THINGS IN HEALTHCARE MARKET
FIGURE 07.COMPARATIVE SHARE ANALYSIS OF DEVICES INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 08.COMPARATIVE SHARE ANALYSIS OF SYSTEM AND SOFTWARE INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 09.COMPARATIVE SHARE ANALYSIS OF SERVICES INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 10.COMPARATIVE SHARE ANALYSIS OF PATIENT MONITORING INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF CLINICAL OPERATION AND WORKFLOW OPTIMIZATION INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF CONNECTED IMAGING INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF FITNESS AND WELLNESS MEASUREMENT INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF DRUG DEVELOPMENT INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF HEALTHCARE PROVIDERS INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF PATIENTS INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF HEALTHCARE PAYERS INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF RESEARCH LABORATORIES INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF GOVERNMENT AUTHORITY INTERNET OF THINGS IN HEALTHCARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 20.APPLE: NET SALES, 2016–2018 ($MILLION)
FIGURE 21.APPLE: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 22.APPLE: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 23.ALPHABET INC. (GOOGLE): TOTAL REVENUE, 2016–2018 ($MILLION)
FIGURE 24.ALPHABET INC. (GOOGLE): REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 25.ALPHABET INC. (GOOGLE): REVENUE SHARE BY REGION, 2018 (%)
FIGURE 26.ABBOTT: NET SALES, 2016–2018 ($MILLION)
FIGURE 27.ABBOTT: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 28.ABBOTT: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 29.CISCO: NET SALES, 2016–2018 ($MILLION)
FIGURE 30.CISCO: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 31.CISCO: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 32.GE: NET SALES, 2016–2018 ($MILLION)
FIGURE 33.GE: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 34.GE: REVENUE SHARE BY REGION, 2018(%)
FIGURE 35.IBM: NET SALES, 2016–2018 ($MILLION)
FIGURE 36.IBM: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 37.IBM: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 38.PHILIPS: NET SALES, 2016–2018 ($MILLION)
FIGURE 39.PHILIPS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 40.PHILIPS: REVENUE SHARE BY REGION, 2018(%)
FIGURE 41.MICROSOFT: TOTAL REVENUE, 2016–2018 ($MILLION)
FIGURE 42.MICROSOFT: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 43.MICROSOFT: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 44.MEDTRONIC: NET SALES, 2016–2018 ($MILLION)
FIGURE 45.MEDTRONIC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 46.MEDTRONIC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 47.QUALCOMM: TOTAL REVENUE, 2016–2018 ($MILLION)
FIGURE 48.QUALCOMM: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 49.QUALCOMM: REVENUE SHARE BY REGION, 2018 (%)

 
 

The utilization of internet of things in healthcare would witness a significant growth with increase in investments and aggressive strategies adoption from top players. Since its inception, this technology has piqued the interest from various healthcare industries due to access of real-time patient data and remote patient monitoring over conventional paper-based disease treatment and its wide range of applications such as patient monitoring, clinical operation, clinical imaging, fitness & wellness measurement, and drug manufacturing. There have been remarkable technological advancements through new device launches and availability of high-power analytics software, owing to the increasing incidence of chronic & infectious diseases and increasing health awareness in North America, this region is expected to be a prominent leader in the global IoT in healthcare market.

The services segment dominates the IoT in healthcare market due to technological advancements, rising prevalence of chronic diseases, rising need of cost-effective disease treatment, and collaborative agreements among major players. However, data privacy and security issues, lack of awareness in developing countries, issues regarding accuracy of sensors hamper the market growth. Presently, patient monitoring is the largest application segment of IoT in the healthcare market, followed by fitness and measurement. Among end user types, the healthcare provider (hospitals, doctors) segment dominates the market and is expected to maintain this trend during the forecast period due to patient monitoring and clinical operation and workflow optimization applications. 

North America dominates the IoT in healthcare market, owing to extensive applicability of IoT across various sectors such as hospitals, research laboratories, and patients, followed by Europe and Asia-Pacific. The key players in the IoT in healthcare market have adopted product launch and expansion as their key business development strategies to expand their market presence.


 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The total market value of internet of things in healthcare market is $113,751.59 million in 2019.

A. The forcast period for internet of things in healthcare market is 2020 to 2027

A. The market value of internet of things in healthcare market in 2027 is $332,672.21 million.

A. The base year is 2019 in internet of things in healthcare market

A. Top companies such as, Cisco Systems, Inc., QUALCOMM Incorporated, Koninklijke Philips N.V. (Philips), Medtronic PLC and GE Healthcare Ltd. held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. Devices segment is the most influencing segment owing to surge in awareness to adopt the wearable devices, increase in trend of self monitoring and analyse the health data. In addition medical wearable devices can also help in measure information such as blood pressure, cholestrol, blood sugar, and others which resulted in boosting the growth of devices market in near future.

A. The major factor that fuels the growth of the global internet of things in healthcare market includes surge in incidence of chronic diseases such as diabetes and COPD. Furthermore, increase in demand for low-cost disease management and treatment, technological advancements of the smart devices across the globe. This leads to surge in demand for internet of things in healthcare devices which contribute to the growth of the market.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as India with a CAGR of 17.4%. This is due to rapidly changing healthcare infrastructure over the developing countries such as India and China, large patient population, rising public awareness, and increasing healthcare spending.

A. The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data to improve the patient outcome.

A. Internet of Things (IoT) in healthcare enabled devices, which have made remote monitoring in the healthcare sector possible by using real-time patient data and remote patient monitoring, to improve the patient monitoring and to reduce the burden of the practisionars by saving time through digital transformation.

 

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