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Global Internet of Things in Healthcare Market: By Component: Devices, System and Software, Services; By Application: Patient Monitoring, Clinical Operation and Workflow Optimisation, Others; By End User; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Internet of Things in Healthcare Market Outlook
The global internet of things in healthcare market attained a value of USD 87.9 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 19.90% to reach USD 261.8 billion by 2027.
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Advancements in Technology in the Asia Pacific Region to Augment the Market for Internet of Things in Healthcare
The market for IoT in healthcare has seen a robust growth due to the advancements in the healthcare technology in India, China, Japan, and South Korea, among others. There have been new innovations in the smart devices market, which has led to an increase in the demand for IoT devices in the healthcare industry. The IoT in healthcare helps to collect and upload up to date patient information. These devices are capable of performing functions on their own. Patients can even be observed or treated remotely through video cameras or electronic actuators. These factors are likely to propel the market growth in the region in the forecast period. Furthermore, the increasing expansion of the major IoT service providers in the region is anticipated to further offer lucrative opportunities to the market.
Internet of Things in Healthcare: Market Segmentation
Internet of things in healthcare refers to a system of interconnected computing devices, digital machines, and electronic devices, which help collect health-related data from individuals. It can be a mobile device, digital solutions, smart band, or any such portable device which can collect health related data. In addition to this, the internet of things reduces the need of human intervention in various healthcare centres, including hospitals, ambulatory surgical centres, and nursing homes, among others.
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The major components of internet of things in healthcare are:
- Devices
- System and Software
- Services
On the basis of devices, the market is further categorised by type into wearable sensor devices, implanted sensor devices, and others sensor devices. Meanwhile, the system and software type is further segmented into network layer, database layer, and analytics layer.
The market can be broadly categorised on the basis of application into:
- Patient Monitoring
- Clinical Operation and Workflow Optimisation
- Connected Imaging
- Fitness and Wellness Measurement
- Drug Development
On the basis of end user, the market can be segmented into:
- Healthcare Providers
- Patients
- Healthcare Payers
- Research Laboratories
- Government Authority
The EMR report looks into the regional markets of internet of things in healthcare like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Various Advantageous Properties of Internet of Things in Healthcare Bolstering the Industry Growth
New innovations in the market and increase in investment in R&D activities are the key drivers which are increasing the demand for IoT in healthcare. With the rapid advancements of internet of things in the healthcare industry, there has been a lot of improvement in the medical facilities due to its benefits like reduced chances of error owing to the fact that all the information of patients can be stored and sent quickly to the cloud platform. Additionally, the adoption of internet of things has even helped reduce the healthcare expenditure by minimising the human intervention. IoT has led to an increase in patient satisfaction and has helped bolster the recovery process at times. There are many applications of IoT in healthcare, for example, it is used in patient monitoring, clinical operation and workflow optimisation, and drug development. All these factors are likely to aid the market. Furthermore, the market is anticipated to be bolstered by the growing adoption of smartphones, tablets, computers, and laptops, coupled with the availability of high-speed internet in the emerging economies.
Key Industry Players in the Global Internet of Things in Healthcare Market
The report presents a detailed analysis of the following key players in the global internet of things in healthcare market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Apple Inc.
- Alphabet Inc.
- Cisco Systems, Inc.
- International Business Machine Corporation
- Microsoft Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Application, End User, Region |
| Breakup by Component | Devices, System and Software, Services |
| Breakup by Application | Patient Monitoring, Clinical Operation and Workflow Optimisation, Connected Imaging, Fitness and Wellness Measurement, Drug Development |
| Breakup by End User | Healthcare Providers, Patients, Healthcare Payers, Research Laboratories, Government Authority |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Apple Inc., Alphabet Inc., Cisco Systems, Inc., International Business Machine Corporation, Microsoft Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Internet of Things in Healthcare Market Analysis
8.1 Key Industry Highlights
8.2 Global Internet of Things in Healthcare Historical Market (2017-2021)
8.3 Global Internet of Things in Healthcare Market Forecast (2022-2027)
8.4 Global Internet of Things in Healthcare Market by Component
8.4.1 Devices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Type
8.4.1.4.1 Wearable Sensor Devices
8.4.1.4.2 Implanted Sensor Devices
8.4.1.4.3 Other Sensor Devices
8.4.2 System and Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Breakup by Type
8.4.2.4.1 Network Layer
8.4.2.4.2 Database Layer
8.4.2.4.3 Analytics Layer
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Internet of Things in Healthcare Market by Application
8.5.1 Patient Monitoring
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Clinical Operation and Workflow Optimisation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Connected Imaging
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Fitness and Wellness Measurement
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Drug Development
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.6 Global Internet of Things in Healthcare Market by End User
8.6.1 Healthcare Providers
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Patients
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Healthcare Payers
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Research Laboratories
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Government Authority
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.7 Global Internet of Things in Healthcare Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Apple Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Alphabet Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Cisco Systems, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 International Business Machine Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Microsoft Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Internet of Things in Healthcare Market: Key Industry Highlights, 2017 and 2027
2. Global Internet of Things in Healthcare Historical Market: Breakup by Component (USD Billion), 2017-2021
3. Global Internet of Things in Healthcare Market Forecast: Breakup by Component (USD Billion), 2022-2027
4. Global Internet of Things in Healthcare Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Internet of Things in Healthcare Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Internet of Things in Healthcare Historical Market: Breakup by End User (USD Billion), 2017-2021
7. Global Internet of Things in Healthcare Market Forecast: Breakup by End User (USD Billion), 2022-2027
8. Global Internet of Things in Healthcare Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Internet of Things in Healthcare Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Internet of Things in Healthcare Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Internet of Things in Healthcare Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Internet of Things in Healthcare Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Internet of Things in Healthcare Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Internet of Things in Healthcare Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Internet of Things in Healthcare Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Internet of Things in Healthcare Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Internet of Things in Healthcare Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Internet of Things in Healthcare Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Internet of Things in Healthcare Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Internet of Things in Healthcare Market Structure
Key Questions Answered in the Report
In 2021, the global internet of things in healthcare market attained a value of nearly USD 87.9 billion.
The market is projected to grow at a CAGR of 19.90% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 261.8 billion by 2027.
The major drivers of the industry, such as the rising disposable income, rising healthcare expenditure, increasing health awareness, and growing adoption of smart devices, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing innovations, growing R&D activities, and technological advancements in the healthcare industry.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components included in the market report include devices, system and software, and services.
The different applications considered in the market report are patient monitoring, clinical operation and workflow optimisation, connected imaging, fitness and wellness measurement, and drug development.
Healthcare providers, patients, healthcare payers, research laboratories, and government authority are the major end users included in the market report.
The major players in the industry are Apple Inc., Alphabet Inc., Cisco Systems, Inc., International Business Machine Corporation, and Microsoft Corporation, among others.
Analyst Review
The global internet of things in healthcare market attained a value of USD 87.9 billion in 2021, driven by the rising healthcare expenditure, growing adoption of smart devices, and the availability of high speed internet . Aided by the growing technological advancements in the healthcare industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 19.90%. The market is projected to reach USD 261.8 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the internet of things in healthcare industry can be segmented into devices, system and software, and services. On the basis of application, the market is categorised into patient monitoring, clinical operation and workflow optimisation, connected imaging, fitness and wellness measurement, and drug development. The market can be segmented on the basis of end users into healthcare providers, patients, healthcare payers, research laboratories, and government authority. The major regional markets for internet of things in healthcare are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Apple Inc., Alphabet Inc., Cisco Systems, Inc., International Business Machine Corporation, and Microsoft Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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