Press Release

The IoT in Healthcare Market worth at the rate of 21.10% CAGR

November, 2020

" COVID-19 impact on IoT in healthcare market, size, share, growth, industry analysis and forecast 2020-2026 "

IoT in healthcare is an application of the internet of things that enables healthcare authorities to monitor patients as well as equipment in real-time, gather and analyze the collected data. It allows healthcare providers to improve patient care, reduce errors, and minimize costs associated with healthcare.

The market for IoT in healthcare is enormously growing, and the factors contributing to the market growth are a rapid increase in the usage of high-speed network technologies for the internet of things connectivity, the emergence of augmented technologies, which include AI  and big data. On the other hand, internet interruptions result in uneven IoT device performance, limiting the growth of the IoT in healthcare market.

Moreover, the opportunistic factors involved with IoT in healthcare market are government's initiatives to encourage digital health in healthcare and the COVID-19 Pandemic outbreak, which is creating immense opportunity in IoT in healthcare market.

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The IoT in Healthcare Market research report titled as “IoT in Healthcare Market by Component, Application, End User and Geography - Forecast to 2026

The leading companies of the IoT in healthcare market are Royal Philips, IBM Corporation, Capsule Technologies, Bosch, Intel, Medtronic, Microsoft Corporation, and Oracle.

Asia Pacific regional market is extensively growing in the IoT in healthcare market. The growth of this market in this region is due to enormously transforming healthcare infrastructure in emerging countries, rising patient population, and increasing awareness among the public. Furthermore, rapidly growing healthcare expenditure due to increasing per capita income in this region supports this market's growth.

The report consists of 125 Tables and 82 charts depicting the in-depth market study and the impact analysis of COVID-19.

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By Component, in IoT in Healthcare Market:

  • Medical Devices
    • Wearable External Medical Devices
    • Implanted Medical Devices
    • Stationary Medical Devices
  • Systems and Software
    • Remote Device Management
    • Network Bandwidth Management
    • Data Analytics
    • Application Security
    • Network Security
  • Services
    • Deployment and Integration
    • Consulting
    • Support and Maintenance
  • Connectivity Technology

By Application, in IoT in Healthcare Market:

  • Telemedicine
  • Store-and-forward Telemedicine
  • Remote Patient Monitoring
  • Interactive Medicine
  • Clinical Operations and Workflow Management
  • Connected Imaging
  • Inpatient Monitoring
  • Medication Management
  • Others

By End User, in IoT in Healthcare Market:

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

By Geography, in IoT in Healthcare Market:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World 

Mr. Karthick Subramani

Infoholic Research LLP

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