IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), By Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User, (Hospitals, Surgical Centers, Clinical Research Organizations, Government and Defense Institutions, and Research and Diagnostic Laboratories) and Region (North America, Europe, Middle East, Latin America, South Africa, Asia Pacific, and Rest of the world) – Key Insights and Impact of COVID-19 on the Global Market Growth 2021-2026

IoT in Healthcare Market Introduction:

IoT in Healthcare Market size has valued at X.X billion in 2021, and it is expected to reach USD x.x billion by the end of 2026, with growth at a CAGR of 3% during the forecast period 2021-2026.

The Internet of Things (IoT) may be defined as a system of interrelated and connected computing devices, mechanical and digital machines, or people and whose access rights are regulated and observed to transmit information over a net without the need for human-to-computer or human-to-human communication. IoT plays a very important role in today’s health care system to higher serve and treats the patient by centralizing their history and enable better coordination among various departments. Globally increasing penetration of connected devices and better connectivity is anticipated to be the key driver for IoT during the amount of study.

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IoT in Healthcare Market Factors:

Significant factors pouring the growth of the IoT in healthcare market are the increasing focus on active patient engagement and patient-centric care, increasing need for acceptance of cost-control procedures in the healthcare segment, and development of high-speed network technologies for Internet on Things connectivity, and increasing concentrate on patient-centric service delivery over several networks.

The outbreak of the COVID-19 has pushed the demand for wearable devices that track information associated with health and fitness, location, and maybe integrated with devices, like laptops and smartphones. The increasing pace of adoption of health and fitness thanks to the fear of COVID-19 will increase the purchases of in-stock wearables for real-time health observing and can additionally enhance the mandate for growth in healthcare IoT technology.

With the rising implementation of IoT, a major threat that IoT poses is an information security and privacy, which further increases the healthcare industry’s vulnerability to cyber attacks.

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IoT in Healthcare Market Strategies:

Companies are actively involved in growth strategies so as to expand their global market share which is additionally fuelling the expansion of the IoT chip market in healthcare. Recently in April 2020, Sony has entered into a collaborative partnership with Norwegian telecommunications firm Telenor, and Ericsson to make the Internet of Things (IoT) devices for the healthcare market. Mexican Biotix Labs has also partnered with Spanish health tech Fixme to mix IoT technology and physiotherapy in Mexico. Physiotherapists are going to be employing a device for measuring the range of movement of the patient’s limbs to raised understand the healing process.

IoT in Healthcare Market Segmentation:

Global IoT in Healthcare Market is segmented by Component, By Application, And By End User. Based on Component divided into Medical Device, Systems & Software, Services, and Connectivity Technology. Based on Application into Telemedicine, Connected Imaging, and Inpatient Monitoring. Based on End User Hospitals, Surgical Centers, Clinical Research Organizations, Government and Defense Institutions, Research and Diagnostic Laboratories.

Geographical Classification:

Geographically the global IoT in Healthcare Market classified into North America into the USA, Canada. By Latin America into Brazil, Argentina, Mexico. By Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into KSA, UAE, Qatar, & South Africa. The Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries

Regional Growth Insights:

North America Region:

Globally North America dominated the marketplace for the Internet of Things in healthcare in 2015 with the highest market share because of the well-established healthcare setup, higher penetration of internet connectivity, and tech-savvy population within the region. North America was followed by Europe because of the second-largest regional marketplace for the Internet of Things in healthcare. However, Asia-Pacific is predicted to be the fastest growing regional segment during the amount of study because of fast-growing internet penetration in major markets like India and China together with rapidly developing healthcare infrastructure within the region.

Asia Pacific Region:

The APAC region shows rising within the IoT in the healthcare market, because the APAC region holds over 50% of the world’s population, and thus any major technological shifts, like those being heralded by IoT are likely to shape the long run of the region. Several APAC countries, like Japan, India, and China, are leveraging data-intensive IoT technologies, to provide to the growing healthcare service demand and henceforth, the Asia Pacific region is expected to point out hopeful prospects to deploy IoT in healthcare resolutions

Major Key Companies Covered in the Global IoT in Healthcare Market Report are:

The Major Players Profiled in the global market are; Medtronic, Cisco Systems, IBM Corporation, GE Healthcare, Resideo Technologies, Agamatrix, Armis, Bosch, Capsule Technologies, Comarch SA, HQSoftware, Huawei, Intel, KORE Wireless, , Microsoft Corporation, Oracle, OSP Labs, Oxagile, PTC, Royal Philips, R-Style Labs, SAP SE, Sciencesoft, Siemens, Softweb Solutions, STANLEY Healthcare, Telit, and Welch Allyn.

Market Taxonomy:

By Component:

  • Medical Device
  • Systems & Software
  • Services
  • Connectivity Technology

By Application:

  • Telemedicine
  • Connected Imaging
  • Inpatient Monitoring

By End User:

  • Hospitals
  • Surgical Centers
  • Clinical Research Organizations
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories

Geographical Classification:

  • North America
  • Asia Pacific
  • Latin America
  • Europe
  • Middle East and Africa
  • Rest of the World

Key Players:

  1. Medtronic
  2. Cisco Systems
  3. IBM Corporation
  4. GE Healthcare
  5. Resideo Technologies
  6. Agamatrix
  7. Armis
  8. Bosch
  9. Capsule Technologies
  10. Comarch SA
  11. HQSoftware
  12. Huawei
  13. Intel
  14. KORE Wireless
  15. Microsoft Corporation
  16. Oracle
  17. OSP Labs
  18. Oxagile
  19. PTC
  20. Royal Philips
  21. R-Style Labs
  22. SAP SE
  23. Sciencesoft
  24. Siemens
  25. Softweb Solutions
  26. STANLEY Healthcare
  27. Telit
  28. Welch Allyn

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