IoT Healthcare Market 2021

The author of the report analyzed that the Global IoT Healthcare Market accounted for US$ 8232.18 million in 2017. A number of IoT cloud providers are currently entering into the market to provide suitable and specific IoT based services.

There have been cases where IoT has been successfully implemented in remote monitoring of diabetes and asthma patients, coupled with high penetration of fitness and wellness devices. This has created strong demand for the IoT in the healthcare industry. 

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Major Key Players:

Some of the key participants in the global IoT healthcare market are Cerner Corporation, Diabetizer Ltd. & Co. KG, Infosys Limited, Medtronic Public Limited Company, Microsoft, PhysIQ, Proteus Digital Health, Qualcomm Life, Inc., SAP SE, STANLEY Healthcare Information Solution Ltd, IBM, Philips, AdhereTech Inc., Aeris, Apple Inc., Castlight Health, Cisco Systems Inc. amongst others.

IoT Healthcare Market- By Product

The validity and reliability of wearable devices are not always proven, especially in the case of fitness and lifestyle markets. Devices are marketed under the promise that they will help improve general health and fitness, but the majority of the manufacturers provide no empirical evidence to support the effectiveness of their products. Also, many of the wearable IoT devices are not cleared by the Food and Drug Administration (FDA). Owing to all such reasons, the government has imposed strict rules and regulations for the sale and manufacture of IoT healthcare devices. This is preventing the IoT Healthcare Market from growing.

Many small to midsize businesses (SMBs) are evolving. They are demanding a technology that will help them operate more proficiently and save money. With IoT, small and medium-sized businesses will have exceptional access to new technologies, new markets, suppliers as well as customers. So, many of them are trying to incorporate IoT in their business.

Market Segmentation

IoT Healthcare Market – By Component

Medical Devices

Implanted Medical Devices

Wearable External Medical Devices

Stationary Medical Devices

Services

Professional Services

System Integration Services

Maintenance & Support Services

Systems and Softwares

Data Analytics

Remote Devices Management

Network Bandwidth Management

Network Security

Application Security

IoT Healthcare Market – By Application Type

Clinical Operations and Workflow Management

Telemedicine

Remote Patient Monitoring

Store & Forward Telemedicine

Interactive Telemedicine

Connected Imaging

Medication Management

Inpatient Monitoring

Others

IoT Healthcare Market – By Connectivity Technology

Wi-Fi

Bluetooth Low Energy (BLE)

Zigbee

Near Field Communication (NFC)

Cellular

Satellite

Market By End User

Clinical Research Organization (CRO)

 Government and Defense Institutions

Hospitals, Surgical Centers, and Clinics

Research and Diagnostics Laboratories

Market By Region

North America

U.S.

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

Southeast Asia

Rest of Asia Pacific

Middle East and Africa

GCC Countries

Southern Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

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Shreyas Tanna

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Absolute Markets Insights

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