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Global IoT in Healthcare Market: By Component: Medical Devices, Systems and Software, Services; By Connectivity Technology: Wi-Fi, Bluetooth, Others; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global IoT in Healthcare Market Outlook
The global IoT in healthcare industry is expected to grow at a CAGR of about 20% in the forecast period of 2021-2026 to reach a value of around USD 273 billion by 2026.
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Asia Pacific to be the Fastest Growing Region for the IoT in Healthcare Market
Asia Pacific is projected to emerge as the fastest growing regional market for IoT in healthcare. Improving health IT infrastructure, increasing initiatives to promote connected health services, and gradually increasing the adoption of advanced technologies, including smart wearables, are major factors driving the growth of the market in the region. Increasing investment by medical devices and pharmaceutical companies in this area is also expected to boost demand for IoT technologies. The rising population and the economic development of the region has also been propelling the market growth. North America, on the other hand, is currently leading the global industry.
IoT in Healthcare: Industry Definition and Segmentation
IoT explores new aspects of patient care via real-time clinical tracking and access to patient health data. This data is a great resource for healthcare stakeholders to enhance patient health and experience while creating revenue opportunities and enhancing healthcare operations.
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Based on component, the market can be divided into the following:
- Medical Devices
- Wearable Devices
- Implanted Devices
- Stationary Devices
- Systems and Software
- Device Management
- Data Analytics
- Network Bandwidth Management
- Compliances and Security
- Others
- Services
Based on connectivity technology, the market can be divided into the following:
- Wi-Fi
- Bluetooth
- Near Field Communication
- Cellular
- Satellite
- Zigbee
- Others
The application sector for the industry can be categorised as follows:
- Telemedicine
- Inpatient Monitoring
- Clinical Operations and Workflow Management
- Medication Management
- Connected Imaging
- Others
The industry finds end-uses in the following sectors:
- Hospitals and Clinics
- Clinical Research Organizations (CROs)
- Research and Diagnostic Laboratories
- Government and Defence Institutions
- Others
The regional markets for IoT in healthcare can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements Bolstering the Market Growth
The growth of the industry is primarily being driven by the rising technological advancements and the increased penetration of internet in the market. The demand for wearable technology has increased exponentially due to the pandemic. Rising investment in the introduction of emerging innovations in healthcare institutions and the advent of interconnected treatment are key factors which are driving the growth of industry. Rising population, especially the geriatric population, combined with an increasing incidence of chronic disorders have also propelled the growth of the market.
Key Industry Players in the Global IoT in Healthcare Market
The report gives a detailed analysis of the following key players in the global IoT in healthcare market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cisco Systems, Inc.
- IBM Corporation
- General Electric Company
- Koninklijke Philips NV
- Medtronic Plc
- Dexcom, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive 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 IoT in Healthcare Market Analysis
8.1 Key Industry Highlights
8.2 Global IoT in Healthcare Historical Market (2016-2020)
8.3 Global IoT in Healthcare Market Forecast (2021-2026)
8.4 Global IoT in Healthcare Market by Component
8.4.1 Medical Devices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.1.4 Breakup by Product
8.4.1.4.1 Wearable Devices
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2016-2020)
8.4.1.4.1.3 Forecast Trend (2021-2026)
8.4.1.4.2 Implanted Devices
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2016-2020)
8.4.1.4.2.3 Forecast Trend (2021-2026)
8.4.1.4.3 Stationary Devices
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2016-2020)
8.4.1.4.3.3 Forecast Trend (2021-2026)
8.4.2 Systems and Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.2.4 Breakup by Product
8.4.2.4.1 Remote Device Management
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2016-2020)
8.4.2.4.1.3 Forecast Trend (2021-2026)
8.4.2.4.2 Data Analytics
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2016-2020)
8.4.2.4.2.3 Forecast Trend (2021-2026)
8.4.2.4.3 Network Bandwidth Management
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2016-2020)
8.4.2.4.3.3 Forecast Trend (2021-2026)
8.4.2.4.4 Compliances and Security
8.4.2.4.4.1 Market Share
8.4.2.4.4.2 Historical Trend (2016-2020)
8.4.2.4.4.3 Forecast Trend (2021-2026)
8.4.2.4.5 Others
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global IoT in Healthcare Market by Connectivity Technology
8.5.1 Wi-Fi
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Bluetooth
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Near Field Communication
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Cellular
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Satellite
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Zigbee
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2016-2020)
8.5.6.3 Forecast Trend (2021-2026)
8.5.7 Others
8.6 Global IoT in Healthcare Market by Application
8.6.1 Telemedicine
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Inpatient Monitoring
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Clinical Operations and Workflow Management
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Medication Management
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Connected Imaging
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2016-2020)
8.6.5.3 Forecast Trend (2021-2026)
8.6.6 Others
8.7 Global IoT in Healthcare Market by End Use
8.7.1 Hospitals and Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Clinical Research Organizations (CROs)
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Research and Diagnostic Laboratories
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Government and Defence Institutions
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Others
8.8 Global IoT in Healthcare Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.2.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.3.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.4.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.5.2 Forecast Trend (2021-2026)
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 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Cisco Systems, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 IBM Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 General Electric Company
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Koninklijke Philips NV
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Medtronic Plc
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Dexcom, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global IoT in Healthcare Market: Key Industry Highlights, 2016 and 2026
2. Global IoT in Healthcare Historical Market: Breakup by Component (USD Billion), 2016-2020
3. Global IoT in Healthcare Market Forecast: Breakup by Component (USD Billion), 2021-2026
4. Global IoT in Healthcare Historical Market: Breakup by Connectivity Technology (USD Billion), 2016-2020
5. Global IoT in Healthcare Market Forecast: Breakup by Connectivity Technology (USD Billion), 2021-2026
6. Global IoT in Healthcare Historical Market: Breakup by Application (USD Billion), 2016-2020
7. Global IoT in Healthcare Market Forecast: Breakup by Application (USD Billion), 2021-2026
8. Global IoT in Healthcare Historical Market: Breakup by End Use (USD Billion), 2016-2020
9. Global IoT in Healthcare Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10. Global IoT in Healthcare Historical Market: Breakup by Region (USD Billion), 2016-2020
11. Global IoT in Healthcare Market Forecast: Breakup by Region (USD Billion), 2021-2026
12. North America IoT in Healthcare Historical Market: Breakup by Country (USD Billion), 2016-2020
13. North America IoT in Healthcare Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Europe IoT in Healthcare Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Europe IoT in Healthcare Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Asia Pacific IoT in Healthcare Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Asia Pacific IoT in Healthcare Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Latin America IoT in Healthcare Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Latin America IoT in Healthcare Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Middle East and Africa IoT in Healthcare Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Middle East and Africa IoT in Healthcare Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Global IoT in Healthcare Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 20% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 273 billion by 2026.
The major drivers of the industry include improving health IT infrastructure, increasing initiatives to promote connected health services, and gradually increasing the adoption of advanced technologies, including smart wearables.
The increasing investment by medical devices and pharmaceutical companies is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific expected to be the fastest growing region in the market.
The types of IoT in healthcare available are medical devices, systems and software, and services. Medical devices are further divided into wearable devices, implanted devices and stationary devices. Systems and software are divided into remote device management, data analytics, network bandwidth management, and compliances and security, amongst others.
IoT in healthcare finds applications as telemedicine, inpatient monitoring, clinical operations and workflow management, medication management, and connected imaging, amongst others.
IoT in healthcare can have different end-uses like hospitals and clinics, clinical research organizations (CROs), research and diagnostic laboratories, and government and defence institutions, amongst others.
The categories of the IoT in healthcare market based on the connectivity technology are Wi-Fi, Bluetooth, near field communication, cellular, satellite, and Zigbee, amongst others.
The leading players in this market are Cisco Systems, Inc., IBM Corporation, General Electric Company, Koninklijke Philips NV, Medtronic Plc, and Dexcom, Inc., amongst others.
Analyst Review
The global IoT in healthcare market is driven by improving health IT infrastructure, increasing initiatives to promote connected health services, and gradually increasing the adoption of advanced technologies, including smart wearables. Aided by increasing investment by medical devices and pharmaceutical companies, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 20%. The market is projected to reach USD 273 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the component, the IoT in healthcare market can be segmented into medical devices, systems and software, and services. Medical devices are further divided into wearable devices, implanted devices and stationary devices. Systems and software are divided into device management, data analytics, network bandwidth management, and compliances and security, amongst others. By application, the industry can be divided into telemedicine, inpatient monitoring, clinical operations and workflow management, medication management, and connected imaging, amongst others. IoT in healthcare can have different end-uses like hospitals and clinics, clinical research organizations (CROs), research and diagnostic laboratories, and government and defence institutions, amongst others. The categories of the IoT in healthcare market based on the connectivity technology are Wi-Fi, Bluetooth, near field communication, cellular, satellite, and Zigbee, amongst others. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific likely to witness the fastest growth. The key players in the above industry include Cisco Systems, Inc., IBM Corporation, General Electric Company, Koninklijke Philips NV, Medtronic Plc, and Dexcom, Inc., amongst 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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