Global Healthcare IoT Market (2018-2025)-GMI Research

DUBLIN - Aug. 9, 2018 - PRLog -- Global Healthcare IoT Market by Component (Medical Devices, Services, Systems & Software), by Application by End User and by Geography - Opportunities & Forecast 2018-2025

The development of this computerized healthcare technology innovation has tended to the looming requirement for better diagnostics and focused on therapeutic tools. Healthcare IoT is basically used for enhancing the healthcare system effectively. Healthcare IoT comprises with several advantages such as better quality of healthcare, patient oriented, cost effective, real time disease management and rapid outcome.

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In 2016, National Institute of Health (NIH) funded Census Bureau report stated that approximately 617 million of the world's population were aged 65 years & above. Growing percentage of geriatric population is anticipated to reach 1.6 billion by 2050. With aging populace, likelihood of life-threatening disease like diabetes, cardiovascular disease, oncology, respiratory disorder such as asthma and Behavioral health disorder are probably going to increases. Accordingly, demand for monitoring and diagnostic technology also increases which further boost the growth pf healthcare IoT market during the forecast period.

Healthcare IoT market growth is mainly driven by factors such as rising incidence rates of chronic diseases, increase in investment for healthcare IOT solutions and rising penetration of connected devices in healthcare. In addition, high adoption rate of cloud computing in healthcare, falling prices of electronic components, collaboration of top IT companies with healthcare companies, increasing healthcare expenditure, and demand for better quality of healthcare is expected to bolster revenue growth of the market during the forecast period. However, Government regulation with respect to implementation of IoT device, data privacy & security and lack of device standardization may hinder the growth of this market during the forecast period.

North America is expected to dominate the market due to the exponential rise in the healthcare market. Canada and North America are investing a huge aid in the healthcare IT market which is a major driving factor for growth of the healthcare IOT market in the region. Asia Pacific countries records a significant growth in the Healthcare IOT market during the forecast period due to large pool of buyers, increasing cases of acute and chronic diseases, increasing healthcare awareness and expenditure, increasing internet penetration rates, governmental policies, increasing demand for quality diagnosis and treatment, and upcoming era of adoption of cloud computing. As of 2017, many countries like Austria, Japan, New Zealand, aims to target at the highest IOT penetration rates.

Various notable players operating the Healthcare IoT market include Medtronic PLC, Cisco Systems, Inc., Koninklijke Philips N.V, IBM Corporation, Stanley Healthcare, Qualcomm Life, Inc., Honeywell Life Care Solutions., Honeywell Life Care Solutions, Microsoft Corporation, Apple Inc and others.

The global Healthcare IoT market has been segmented based on product type, application, end user and key geographies. Based on Product type, the market comprises of Medical Devices, Services and Systems & Software. This research report on Healthcare IoT market provides in-depth analysis of the global Healthcare IoT market based on product type, application, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for Healthcare IoT market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent development in the market.

Key questions answered in this research report:

1-    At what pace is Healthcare IoT market growing? What will be growth trend in future?

2-    What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?

3-    What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Healthcare IoT market?

4-    What are the various application areas and how they are poised to grow?

The global Healthcare IoT market is segmented on the basis of product type, material, end user and geography:

Global Healthcare IoT Market by Component

• Medical Devices

• Services

• Systems & Software

Global Healthcare IoT Market by Application

• Clinical Operations & Work Flow Management

• Telemedicine

• Inpatient Management

• Other

Global Healthcare IoT Market by End User

• Clinical Research Organization

• Diagnostics Laboratories

• Hospitals

• Others

Global Healthcare IoT Market by Geography

• North America

• Asia-Pacific

• Europe

• Rest of World

Global Healthcare IoT Market Competitive Landscape

• Major Players and their Key Strategies

• New product launches

• Mergers and acquisitions

• Collaborations, partnerships, agreements and joint venture

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