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    Iot In Healthcare Market Report

    Iot In Healthcare Market Report
    Report code - SR1834 Delivery - 2 Weeks
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    IoT in Healthcare Market Size, Share, Trend, Forecast, & Industry Analysis: 2022- See more...

    Market Insights

    The IoT in Healthcare Market is projected to grow from USD 72.5 billion in 2020 to USD 210.7 billion by 2026 at a CAGR of around 19.9% during the forecast period.

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the IoT in Healthcare market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.

    IoT in Healthcare Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2022-2026

    Estimated year

    2021

    Market Size in 2020

    USD 72.5 billion

    Market Size in 2026

    USD 210.7 billion

    Market Growth (2021-2026)

    19.9% CAGR

     

    Figure: IoT in Healthcare Market Size, 2020-2026 (USD Billion)

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    The internet of things (IoT) is defined as a network of physical devices that communicate with one another to enable data exchange. Furthermore, IoT is used in the healthcare field for data collection, analysis for research, and monitoring electronic health records that contain personally identifiable information, protected health information, and other machine-generated healthcare data. Furthermore, IoT applications in healthcare facilitate important tasks such as improving patient outcomes while also relieving some of the burden from health practitioners. Remote monitoring in the healthcare sector has become possible thanks to Internet of Things (IoT)-enabled devices, unleashing the potential to keep patients safe and healthy while also empowering physicians to provide exceptional care.

    Key Players

    Key players operating in the IoT in Healthcare market are-

    • Agamatrix (US)
    • Armis (US)
    • Bosch (Germany)
    • Capsule Technologies (US)
    • Comarch SA (Poland)
    • Cisco Systems (US)
    • GE Healthcare (US)
    • HQSoftware (Estonia)
    • Huawei (China)
    • IBM Corporation (US)
    • Intel (US).

    Market Dynamics

    The COVID-19 outbreak has increased demand for wearable devices that track health and fitness data, location, and can be integrated with devices like laptops and smartphones. Outdated infrastructure is impeding the medical industry's digital growth. Initiatives by the government to promote digital health. Several governments have launched initiatives to promote digital health.

    Segments Analysis

    Product Trends

    By product, the IoT in Healthcare market has been bifurcated into disposable IoT in Patient Monitoring, Clinical Operation and Workflow Optimization, Clinical Imaging, Fitness and Wellness Measurement, Drug Development. The Patient Monitoring segment accounted for the largest market share in 2020. It offers a variety of monitoring systems designed to collect physiological data, which is then analysed and stored via gateways and clouds.

    Regional Trends

    By region, the IoT in Healthcare market is expected to be dominated by Asia Pacific. The APAC region is experiencing rapid growth in the IoT in healthcare market. Because the APAC region contains more than half of the world's population, any major technological shifts, such as those heralded by IoT, are likely to shape the region's future. Many Asian countries, including China, Japan, and India, are leveraging information-intensive Internet of Things (IoT) technologies to meet rising healthcare service demand, and as a result, APAC is expected to offer promising opportunities to deploy IoT in healthcare solutions.

    COVID-19 Impact on IoT in Healthcare Market

    The recent COVID-19 outbreak has prompted IoT healthcare solution providers to respond quickly in order to meet the increasing demand for high-quality services for virus protection. COVID-19's rapid spread has engulfed the entire healthcare ecosystem, from pharmaceutical companies and drug makers to COVID-19 vaccine developers and health insurers and hospitals. Telemedicine, remote patient monitoring, and interactive medicine, as well as inpatient monitoring, are expected to gain traction during this period.

    Critical Questions Answered in the Report

    • What are the key trends in the IoT in Healthcare market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on IoT in Healthcare market?
    • What are the key strategies adopted by the major vendors to lead in the IoT in Healthcare market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of IoT in Healthcare Market includes-

    • IoT in Healthcare distributors
    • IoT in Healthcare suppliers
    • IoT in Healthcare manufacturers
    • Contract Research Organizations
    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The IoT in Healthcare Market is projected to grow from USD 72.5 billion in 2020 to USD 210.7 billion by 2026 at a CAGR of around 19.9% during the forecast period.

    Key players operating in the IoT in Healthcare market are Agamatrix (US), Armis (US), Bosch (Germany), Capsule Technologies (US), Comarch SA (Poland), Cisco Systems (US), GE Healthcare (US), HQSoftware (Estonia), Huawei (China), IBM Corporation (US), Intel (US).

    The target audience of IoT in Healthcare Market includes IoT in Healthcare distributors, IoT in Healthcare suppliers, IoT in Healthcare manufacturers, Contract Research Organizations.

    IoT in Healthcare market is expected to be dominated by Asia Pacific. The APAC region is experiencing rapid growth in the IoT in healthcare market. Because the APAC region contains more than half of the world's population.