IoT in Healthcare Market

IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User, and Region - Global Forecast to 2024

Report Code: TC 3847 Dec, 2019, by marketsandmarkets.com
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[174 Pages Report] The global Internet of Things (IoT) in healthcare market size is expected to grow from USD 55.5 billion in 2019 to USD 188.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 27.6% during the forecast period. Key factors driving the growth of the IoT in healthcare market are the rising focus on active patient engagement and patient-centric care, growing need for adoption of cost-control measures in the healthcare sector, and growth of high-speed network technologies for IoT connectivity, and increasing focus on patient-centric service delivery through various channels.    

IoT Healthcare Market

Medical devices to hold the largest market size during the forecast period

Based on components, the medical devices segment is estimated to have the largest market size  in the IoT in healthcare market in 2019. The large-scale adoption of medical devices can be attributed to the growing need for cost-effective and efficient solutions for delivering healthcare services. IoT-enabled medical devices play an important role in data gathering and tracking various activities leading to development of various IoT in healthcare use cases.

By application, the inpatient monitoring segment to record the highest CAGR during the forecast period

Inpatient monitoring is a process that involves continuous measurement of a patient’s physiological functions for guiding management decisions and making therapeutic interventions. It provides various monitoring systems designed to collect physiological information, which is analyzed and stored using gateways and clouds.

IoT Healthcare Market

APAC is expected to hold the highest CAGR during the forecast period

The global IoT in healthcare market covers 5 major geographic regions, namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. The APAC region shows rapid growth in the market, as the APAC region holds more than 50% of the world’s population, and therefore any major technological shifts, such as those being heralded by IoT are likely to shape the future of the region. Many Asian countries, such as China, Japan, and India, are leveraging information-intensive IoT technologies, to cater to the increasing healthcare service demand and hence, APAC is expected to show promising opportunities to deploy IoT in healthcare solutions.

Key Market Players

The IoT in healthcare market comprises key solution providers, such as Agamatrix (US), Armis (US), Capsule Technologies (US), Comarch SA (Poland), Cisco Systems (US), GE Healthcare (US), IBM Corporation (US), Intel (US), KORE Wireless (US), Medtronic (Ireland), Microsoft Corporation (US), OSP Labs (US),  Resideo Technologies (US), Royal Philips (Netherlands), SAP SE (Germany), Sciencesoft  (US), Softweb Solutions (US), STANLEY Healthcare (US), Telit (UK), and Welch Allyn (US).

The study includes an in-depth competitive analysis of the key players in the IoT in healthcare market with their company profiles, recent developments, and key market strategies.

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Billion (USD)

Segments covered

Component, Application, End User, and Region

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

Agamatrix (US), Armis (US), Capsule Technologies (US), Comarch SA (Poland), Cisco Systems (US), GE Healthcare (US), IBM Corporation (US), Intel (US), KORE Wireless (US), Medtronic (Ireland), Microsoft Corporation (US), OSP Labs (US),  Resideo Technologies (US), Royal Philips (Netherlands), SAP SE (Germany), Sciencesoft  (US), Softweb Solutions (US), STANLEY Healthcare (US), Telit (UK), and Welch Allyn (US).

This research report categorizes the IoT in healthcare market based on component, application, end user, and regions.

By Component, the IoT in healthcare market is divided into the following segments:

  • Medical Devices
    • Wearable External Medical Devices
    • Implanted Medical Devices
    • Stationary Medical Devices
  • Systems and Software
    • Remote Device Management
    • Network Bandwidth Management
    • Data Analytics
    • Application Security
    • Network Security
  • Services
    • Deployment and Integration
    • Consulting
    • Support and Maintenance
  • Connectivity Technology

By Application, the IoT in healthcare market is divided into the following segments:

  • Telemedicine
  • Store-and-forward Telemedicine
  • Remote Patient Monitoring
  • Interactive Medicine
  • Clinical Operations and Workflow Management
  • Connected Imaging
  • Inpatient Monitoring
  • Medication Management
  • Others (Fall detection, sportsmen care, and public safety)

By End User, the IoT in healthcare market is divided into the following segments:

  • Hospitals, Surgical Centers, and Clinics
  • Clinical Research Organizations
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories

By Region, the IoT in healthcare market is divided into the following segments:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Middle East and Africa (MEA)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In January 2019, Medtronic partnered with IBM Watson to introduce a new feature IQcast, in its existing product Sugar.IQ, available for iOS mobile devices in the US. The app would offer patients a hypoglycemic event to monitor their low glucose level by predicting the occurrence anywhere between 1 to 4 hours in advance.
  • In April 2019, Royal Philips and Spencer Health Solutions expanded their partnership to offer in-home medication adherence and the telehealth platform of Philips to chronically ill patients in selected European Union (EU) countries.

Key Questions addressed by the report:

  • What are the opportunities in the IoT in healthcare market?
  • What is the competitive landscape in the market?
  • What are the emerging applications showing the adoption of IoT in healthcare solutions in the global market?
  • What are the key use cases existing in the market?
  • What are the key trends and dynamics existing in the market? 

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Inclusions and Exclusions
    1.4 Market Scope
           1.4.1 Market Segmentation
           1.4.2 Regions Covered
    1.5 Years Considered for the Study
    1.6 Currency Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in the IoT in Healthcare Market
    4.2 Market, By Component and Region, 2019
    4.3 Market, Top 2 Components, 2019–2024
    4.4 Market, By Region, 2019 Vs. 2024
    4.5 Regional Market Potential

5 Market Overview and Industry Trends (Page No. - 41)
    5.1 Market Overview
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Focus on Active Patient Engagement and Patient-Centric Care
                    5.2.1.2 Growing Need for the Adoption of Cost Control Measures in Healthcare
                    5.2.1.3 Growth and Increased Adoption of High-Speed Network Technologies for IoT Connectivity
                    5.2.1.4 Evolution of Complementing Technologies, Such as Artificial Intelligence and Big Data
                    5.2.1.5 Need for Healthcare in Remote Locations
           5.2.2 Restraints
                    5.2.2.1 Outdated Infrastructure Hindering the Digital Growth of the Medical Industry
                    5.2.2.2 Internet Disruptions Leading to Rugged IoT Device Performance
           5.2.3 Opportunities
                    5.2.3.1 Low Doctor-To-Patient Ratio Leading to Increased Dependency on Self-Operated Ehealth Platforms
                    5.2.3.2 Government Initiatives for Promoting Digital Health
           5.2.4 Challenges
                    5.2.4.1 Increase in Attack Surfaces With a Rise in IoT Devices Due to Data Security Constrictions
                    5.2.4.2 Integration of Multiple Devices and Protocols Leading to Data Overload and Accuracy
                    5.2.4.3 Cost of the Technology
    5.3 use Cases
           5.3.1 use Case 1: Connected Healthcare
           5.3.2 use Case 2: Asset Tracking
           5.3.3 use Case 3: Remote Patient Monitoring
    5.4 Industry Trends
           5.4.1 Evolution
           5.4.2 Regulatory Implications
                    5.4.2.1 ISO Standards - ISO 27799:2008 and ISO/TR 27809:2007
                    5.4.2.2 Internet of Medical Things Resilience Partnership Act (2017)
                    5.4.2.3 Health Insurance Portability and Accountability Act
                    5.4.2.4 HIPAA Privacy Rule
                    5.4.2.5 HIPAA Security Rule
                    5.4.2.6 CEN ISO/IEEE 11073
                    5.4.2.7 CEN/Cenelec

6 IoT in Healthcare Market, By Component (Page No. - 52)
    6.1 Introduction
    6.2 Medical Devices
           6.2.1 Stationary Medical Devices
           6.2.2 Implanted Medical Devices
           6.2.3 Wearable External Medical Devices
    6.3 Systems and Software
           6.3.1 Remote Device Management
           6.3.2 Network Bandwidth Management
           6.3.3 Data Analytics
           6.3.4 Application Security
           6.3.5 Network Security
    6.4 Services
           6.4.1 Deployment and Integration
           6.4.2 Consulting
           6.4.3 Support and Maintenance

7 Market, By Application (Page No. - 72)
    7.1 Introduction
    7.2 Telemedicine
           7.2.1 Store-And-Forward Telemedicine
           7.2.2 Remote Patient Monitoring
           7.2.3 Interactive Medicine
    7.3 Clinical Operations and Workflow Management
    7.4 Connected Imaging
    7.5 Inpatient Monitoring
    7.6 Medication Management
    7.7 Others

8 Market, By Connectivity Technology (Page No. - 82)
    8.1 Introduction
    8.2 Wi-Fi
    8.3 Bluetooth Low Energy
    8.4 Zigbee
    8.5 Near Field Communication
    8.6 Cellular
    8.7 Satellite

9 IoT in Healthcare Market, By End User (Page No. - 84)
    9.1 Introduction
    9.2 Hospitals, Surgical Centers, and Clinics
    9.3 Clinical Research Organizations
    9.4 Government and Defense Institutions
    9.5 Research and Diagnostic Laboratories

10 Market, By Region (Page No. - 90)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
                       10.2.1.1 Rising Levels of Chronic Diseases and Increasing Awareness of Self-Health Management to Drive Growth of the Market in the US
             10.2.2 Canada
                       10.2.2.1 Rise in Healthcare Spending Due to Chronic Ailments to Drive the IoT in Healthcare Market in Canada
     10.3 Europe
             10.3.1 United Kingdom
                       10.3.1.1 Rising Technology Adoption in the Healthcare Sector to Drive the Growth of Market in the UK
             10.3.2 Germany
                       10.3.2.1 Increasing Government Initiatives to Develop an Advanced Healthcare Ecosystem to Drive Growth of Market in Germany
             10.3.3 France
                       10.3.3.1 Presence of an Advanced Healthcare System and Connected Ecosystem to Drive the Growth of the Market in France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                       10.4.1.1 Rising Connected Ecosystem and Internet Penetration to Drive the Growth of the IoT in Healthcare Market in China
             10.4.2 Japan
                       10.4.2.1 Rising Level of Chronic Diseases and Demand for Curbing the Diseases at Their Nascent Stage to Drive the Growth of the Market in Japan
             10.4.3 India
                       10.4.3.1 Rising Government Initiatives and Awareness of Connected Health to Drive the Growth of the Market in India
             10.4.4 Rest of Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
                       10.6.1.1 Rising Government Initiatives for Digital Development of the Country to Drive the Growth of the Market in Brazil
             10.6.2 Mexico
                       10.6.2.1 Rising Digital Maturity of the Country to Drive the Growth of the IoT in Healthcare Market in Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 126)
     11.1 Introduction
             11.1.1 New Product Launches and Product Enhancements
             11.1.2 Agreements and Partnerships
     11.2 Market Ranking of Key Players

12 Company Profiles (Page No. - 131)
     12.1 Introduction
     12.2 Cisco
(Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.3 IBM
     12.4 GE Healthcare
     12.5 Microsoft
     12.6 SAP
     12.7 Medtronic
     12.8 Royal Philips
     12.9 Resideo Technologies
     12.10 Capsule Technologies
     12.11 STANLEY Healthcare
     12.12 Armis
     12.13 Softweb Solutions
     12.14 OSP Labs
     12.15 Commarch SA
     12.16 Telit
     12.17 KORE Wireless
     12.18 Sciencesoft
     12.19 Intel
     12.20 Agamatrix
     12.21 Welch Allyn

*Details on Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 167)
     13.1 Industry Excerpts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’  Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (106 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 4 Medical Devices: Market Size, By Type, 2017–2024 (USD Billion)
Table 5 Medical Devices: Market Size, By Region, 2017–2024 (USD Billion)
Table 6 Medical Devices: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 7 Stationary Medical Devices Market Size, By Region, 2017–2024 (USD Billion)
Table 8 Stationary Medical Devices: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 9 Implanted Medical Devices: Market Size, By Region,  2017–2024 (USD Billion)
Table 10 Implanted Medical Devices: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 11 Wearable External Medical Devices Market Size, By Region, 2017–2024 (USD Billion)
Table 12 Wearable External Medical Devices: North America IoT in Healthcare Market Size, By Country, 2017–2024 (USD Billion)
Table 13 Systems and Software: Market Size, By Type, 2017–2024 (USD Billion)
Table 14 Systems and Software: Market Size, By Region, 2017–2024 (USD Billion)
Table 15 Systems and Software: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 16 Remote Device Management Market Size, By Region, 2017–2024 (USD Billion)
Table 17 Remote Device Management: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 18 Network Bandwidth Management Market Size, By Region, 2017–2024 (USD Billion)
Table 19 Network Bandwidth Management: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 20 Data Analytics Market Size, By Region, 2017–2024 (USD Billion)
Table 21 Data Analytics: North America IoT in Healthcare Market Size, By Country, 2017–2024 (USD Billion)
Table 22 Application Security Market Size, By Region, 2017–2024 (USD Billion)
Table 23 Application Security: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 24 Network Security Market Size, By Region, 2017–2024 (USD Billion)
Table 25 Network Security: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 26 Services: Market Size, By Type, 2017–2024 (USD Billion)
Table 27 Services: Market Size, By Region, 2017–2024 (USD Billion)
Table 28 Services: North America Market Size, By Country,  2017–2024 (USD Billion)
Table 29 Deployment and Integration: Market Size, By Region,  2017–2024 (USD Billion)
Table 30 Deployment and Integration: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 31 Consulting: IoT in Healthcare Market Size, By Region, 2017–2024 (USD Billion)
Table 32 Consulting: North America Market Size, By Country,  2017–2024 (USD Billion)
Table 33 Support and Maintenance: Market Size, By Region,  2017–2024 (USD Billion)
Table 34 Support and Maintenance: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 35 IoT in Healthcare Market Size, By Application, 2017–2024 (USD Billion)
Table 36 Telemedicine: Market Size, By Region, 2017–2024 (USD Billion)
Table 37 Telemedicine: North America Market Size, By Country,  2017–2024 (USD Billion)
Table 38 Clinical Operations and Workflow Management: Market Size, By Region, 2017–2024 (USD Billion)
Table 39 Clinical Operations and Workflow Management: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 40 Connected Imaging: Market Size, By Region, 2017–2024 (USD Billion)
Table 41 Connected Imaging: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 42 Inpatient Monitoring: Market Size, By Region, 2017–2024 (USD Billion)
Table 43 Inpatient Monitoring: North America IoT in Healthcare Market Size, By Country, 2017–2024 (USD Billion)
Table 44 Medication Management: Market Size, By Region,  2017–2024 (USD Billion)
Table 45 Medication Management: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 46 Others: Market Size, By Region, 2017–2024 (USD Billion)
Table 47 Others: North America Market Size, By Country,  2017–2024 (USD Billion)
Table 48 Market Size, By End User, 2017–2024 (USD Billion)
Table 49 Hospitals, Surgical Centers, and Clinics: Market Size,  By Region, 2017–2024 (USD Billion)
Table 50 Hospitals, Surgical Centers, and Clinics: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 51 Clinical Research Organizations: Market Size, By Region, 2017–2024 (USD Billion)
Table 52 Clinical Research Organization: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 53 Government and Defense Institutions: Market Size,  By Region, 2017–2024 (USD Billion)
Table 54 Government and Defense Institutions: North America Market Size, By Country, 2017–2024 (USD Billion)
Table 55 Research and Diagnostic Laboratories: Market Size,  By Region, 2017–2024 (USD Billion)
Table 56 Research and Diagnostic: North America Market Size,  By Country, 2017–2024 (USD Billion)
Table 57 Market Size, By Region, 2017–2024 (USD Billion)
Table 58 North America: IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 59 North America: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 60 North America: Market Size, By Systems and Software,  2017–2024 (USD Billion)
Table 61 North America: Market Size, By Service, 2017–2024 (USD Billion)
Table 62 North America: Market Size, By Application, 2017–2024 (USD Billion)
Table 63 North America: Market Size, By End User, 2017–2024 (USD Billion)
Table 64 North America: Market Size, By Country, 2017–2024 (USD Billion)
Table 65 United States: IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 66 United States: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 67 United States: Market Size, By Systems and Software,  2017–2024 (USD Billion)
Table 68 United States: Market Size, By Service, 2017–2024 (USD Billion)
Table 69 United States: Market Size, By Application, 2017–2024 (USD Billion)
Table 70 United States: Market Size, By End User, 2017–2024 (USD Billion)
Table 71 Canada: IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 72 Canada: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 73 Canada: Market Size, By Systems and Software, 2017–2024 (USD Billion)
Table 74 Canada: Market Size, By Service, 2017–2024 (USD Billion)
Table 75 Canada: Market Size, By Application, 2017–2024 (USD Billion)
Table 76 Canada: Market Size, By End User, 2017–2024 (USD Billion)
Table 77 Europe: IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 78 Europe: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 79 Europe: Market Size, By System and Software, 2017–2024 (USD Billion)
Table 80 Europe: Market Size, By Service, 2017–2024 (USD Billion)
Table 81 Europe: Market Size, By Application, 2017–2024 (USD Billion)
Table 82 Europe: Market Size, By End User, 2017–2024 (USD Billion)
Table 83 Europe: Market Size, By Country, 2017–2024 (USD Billion)
Table 84 Asia Pacific: IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 85 Asia Pacific: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 86 Asia Pacific: Market Size, By System and Software,  2017–2024 (USD Billion)
Table 87 Asia Pacific: Market Size, By Service, 2017–2024 (USD Billion)
Table 88 Asia Pacific: Market Size, By Application, 2017–2024 (USD Billion)
Table 89 Asia Pacific: Market Size, By End User, 2017–2024 (USD Billion)
Table 90 Asia Pacific: Market Size, By Country, 2017–2024 (USD Billion)
Table 91 Middle East and Africa: IoT in Healthcare Market Size, By Component,  2017–2024 (USD Billion)
Table 92 Middle East and Africa: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 93 Middle East and Africa: Market Size, By System and Software, 2017–2024 (USD Billion)
Table 94 Middle East and Africa: Market Size, By Service,  2017–2024 (USD Billion)
Table 95 Middle East and Africa: Market Size, By Application,  2017–2024 (USD Billion)
Table 96 Middle East and Africa: Market Size, By End User,  2017–2024 (USD Billion)
Table 97 Middle East and Africa: Market Size, By Country,  2017–2024 (USD Billion)
Table 98 Latin America: IoT in Healthcare Market Size, By Component, 2017–2024 (USD Billion)
Table 99 Latin America: Market Size, By Medical Device, 2017–2024 (USD Billion)
Table 100 Latin America: Market Size, By System and Software,  2017–2024 (USD Billion)
Table 101 Latin America: Market Size, By Service, 2017–2024 (USD Billion)
Table 102 Latin America: Market Size, By Application, 2017–2024 (USD Billion)
Table 103 Latin America: Market Size, By End User, 2017–2024 (USD Billion)
Table 104 Latin America: Market Size, By Country, 2017–2024 (USD Billion)
Table 105 New Product Launches and Product Enhancements, 2019
Table 106 Agreements and Partnerships, 2018–2019
 
 
List of Figures (39 Figures)
 
Figure 1 IoT in Healthcare Market: Research Design
Figure 2 Data Triangulation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of IoT in Healthcare Devices, Systems and Solutions, and Services
Figure 4 Market Size Estimation Methodology: Approach 1 —Bottom-Up—(Supply Side): Collective Revenue of All Medical Devices, Systems and Solutions, and Services of IoT in Healthcare
Figure 5 Market Size Estimation Methodology: Approach 2—Top-Down —(Demand Side): Share of Healthcare Through Overall IoT Spending
Figure 6 IoT in Healthcare Market to Witness Steady Growth During  the Forecast Period
Figure 7 Top 3 Leading Segments in the Market in 2019
Figure 8 Market: Regional Snapshot
Figure 9 Reduced Cost of Care and Evolution of the Artificial Intelligence Technology to Drive the Growth of the Market
Figure 10 Medical Devices Segment and North America Region to Hold High Market Shares in the Market in 2019
Figure 11 Medical Devices Segment to Lead the Market During the Forecast Period
Figure 12 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 13 IoT in Healthcare: Regional Market Potential 2019
Figure 14 Drivers, Restraints, Opportunities, and Challenges:  IoT in Healthcare Market
Figure 15 Healthcare Spending, By Country, 2018 (% of GDP)
Figure 16 Systems and Software Segment to Grow at the Highest CAGR From 2019 to 2024
Figure 17 Implanted Medical Devices Segment to be the Largest Subsegment By 2024
Figure 18 Application Security Segment to Grow at the Fastest Rate During the Forecast Period
Figure 19 Deployment and Integration Segment to Grow at the Fastest Rate During the Forecast Period
Figure 20 Inpatient Monitoring Segment to Grow at the Highest CAGR From  2019 to 2024
Figure 21 Clinical Research Organizations Segment to Grow at the Highest CAGR From 2019 to 2024
Figure 22 Asia Pacific to Grow at the Highest CAGR During 2019—2024
Figure 23 Geographic Snapshot of the Global IoT in Healthcare Market
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Key Developments By Leading Players in the Market, 2018–2019
Figure 27 Market Ranking of Key Players in the Market, 2019
Figure 28 Cisco: Company Snapshot
Figure 29 Cisco: SWOT Analysis
Figure 30 IBM: Company Snapshot
Figure 31 IBM: SWOT Analysis
Figure 32 GE Healthcare: Company Snapshot
Figure 33 Microsoft: Company Snapshot
Figure 34 SAP: Company Snapshot
Figure 35 Medtronic: Company Snapshot
Figure 36 Medtronic: SWOT Analysis
Figure 37 Royal Philips: Company Snapshot
Figure 38 Royal Philips: SWOT Analysis
Figure 39 Resideo Technologies: Company Snapshot

The study involved 4 major activities in estimating the current market size of the Internet of Things (IoT) in healthcare market. An extensive secondary research was done to collect information on the market, peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the IoT in healthcare market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to identify and collect information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; IoT in healthcare technology Research and Development (R&D) organizations; regulatory bodies; and databases.

Primary Research

Various primary sources from both the supply and demand sides of the IoT in healthcare market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), technology and innovation directors, and related key executives from various vendors offering IoT in healthcare solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of primary profiles:

IoT Healthcare Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the IoT in healthcare market. The top-down approach was used to derive the revenue contribution of top vendors and their offerings in the market. The bottom-up approach was used to arrive at the overall market size of the global market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage, shares split, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, segment, and project the global IoT in healthcare market size
  • To understand the structure of the market by identifying its various subsegments
  • To provide detailed information about key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets concerning individual growth trends, prospects, and their contribution to the overall market
  • To project the size of the market and its submarkets, in terms of value, for the 5 regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify significant growth strategies adopted by players across key regions
  • To analyze competitive developments, such as expansions and fundings, new product launches, mergers and acquisitions, strategic partnerships and agreements in the IoT in healthcare market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix provides a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American IoT in healthcare market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company Information

  • Detailed analysis and profiling of additional market players up to 5

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 3847
Published ON
Dec, 2019
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