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 2028

Report Code: TC 3847 Mar, 2023, by marketsandmarkets.com

The global IoT in Healthcare Market size is anticipated to increase from USD 127.7 billion in 2023 to USD 289.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 17.8% over the forecast period.

Major factors such advancements in healthcare infrastructure, medical devices and digital transformation across healthcare industry will drive the market.

IoT in Healthcare Market

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IoT in Healthcare Market Dynamics

Driver: Rising adoption of IoMT in healthcare industry

The Internet of Things has inevitably penetrated the healthcare industry. As connected technology becomes more intertwined into the daily lives, the healthcare industry is witnessing an increase in health-connected devices and the growth of the connected medical device market. IoMT connects data (patient information or performance data), people (patients, clinicians, and caregivers) and processes (healthcare delivery and patient support) with the help of connected medical devices and medical mobile applications. Patients and providers within the healthcare industry are adopting connected devices and IoMT as they offer several benefits such as real-time patient monitoring, more personalized care, and increased safety.

Restraints: Internet disruptions leading to rugged IoT device performance

The poor internet access and the use of internet among populations that are considered vulnerable, such as the elderly, those with low education levels, lower-income populations, rural residents, and minorities, pose the biggest restraint in implementing IoT solutions in the healthcare industry. The major drawback of IoT solutions is that there are ongoing advancements for which the workforce handling the technology requires adequate knowledge which the above-mentioned population lacks. Moreover, providing education to these individuals is a difficult task, posing a threat to the growth of the IoT in healthcare market.

Opportunity: Health insurers with IoT-connected intelligent devices

There are multiple opportunities for health insurers with IoT-connected intelligent devices. Health monitoring device data can be used by insurance firms for underwriting and claims processing. This data will allow them to detect fraud claims and identify candidates for underwriting. IoT devices provide transparency between insurers and customers in the underwriting, pricing, claims management, and risk assessment processes. Customers will have appropriate insight into the underlying logic behind every choice taken and process outcomes as a result of IoT-captured data-driven decisions in all operating processes.

Challenge: Increase in attack surfaces with rise in IoT devices due to data security constrictions

Technology’s growing role in healthcare is a double-edged sword: Alongside countless benefits are countless opportunities for bad actors to steal the most sensitive information. With the rising implementation of IoT, a significant threat that IoT poses is of data security and privacy, which further increases the healthcare industry’s vulnerability to cyberattacks. This is supplemented by the vast amount of sensitive data captured by IoT devices and transmitted in real-time. These attacks enable cybercriminals to hack healthcare systems, which compromise Personal Health Information (PHI) of both patients and doctors. With more advancements, the graph of cyberattacks also increases.

IoT in Healthcare Market Ecosystem

IoT in Healthcare Market Size, and Share

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Based on Application, Telemedicine segment to hold the highest market share during  the forecast period

Various factors, such as organizational efforts toward moving to paperless EHR, government models and policy changes aimed at improving reimbursement models, and availability of high-speed internet connections and high-definition video cameras drive the growth of telemedicine adoption.

Based on Systems & Software, Remote Device Management segment to hold the highest market share during  the forecast period

Remote device management solutions in healthcare typically involve the use of specialized software or platforms that enable healthcare providers to remotely monitor and manage medical devices. The need to monitor the status of medical devices in real-time will drive the market. Also, the increased adoption of cloud-based platform across healthcare verticals will drive the market.

Based on Service, Deployment and Integration segment to hold the highest market share during  the forecast period

The increasing demand for software and solutions is pushing the demand for deployment & integration services, specifically in developing economies. Deployment & integration services add functionality and improve the performance of the existing operational systems to gain process efficiency, environmental benefits, and save on investment and operational expenditures. These service providers help organizations develop a connected environment by integrating IoT devices and solutions with their existing IT infrastructure.

North America to account for the highest market share during the forecast period

IoT in Healthcare Market Size, and Share

The presence of leading healthcare solution providers that have established themselves globally is a major factor leading to the rapid growth of the IoT in Healthcare market in North America. The other factors such governments taking appropriate initiatives to promote digital health and a robust health infrastructure will drive the IoT in healthcare market in this region.

Key Market Players

This research study outlines the market potential, market dynamics, and major vendors operating in the IoT in Healthcare market. Key and innovative vendors in the the IoT in Healthcare market include Cisco (US), IBM (US), GE Healthcare (US), Microsoft (US), SAP (Germany), Medtronic (Ireland), Royal Philips (Netherlands), Resideo Technologies (US), Securitas (Sweden), Bosch (Germany), Armis (US), Oracle (US), PTC (US),  Huawei (Japan),  Seimens ( Germany), R-Style Lab (US), HQSoftware  (Estonia), Oxagile  (US), Softweb Solutions  (US), OSP Labs (US), Comarch SA (Poland), Telit (UK), Kore Wireless (US), ScienceSoft (US),  Intel (US), AgaMatrix  (US), Welch Allyn  (US), AliveCor (US), Sensely (US), Clover Health  (US).

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

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Scope of the Report

Report Metrics

Details

Market size value in 2023

USD 127.7 Billion

Market size value in 2028

USD 289.2 Billion

Growth rate

CAGR of 17.8%

Segments covered

Component, Application, End-User and Region

Regions covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

Cisco (US), IBM (US), GE Healthcare (US), Microsoft (US), SAP (Germany), Medtronic (Ireland), Royal Philips (Netherlands), Resideo Technologies (US), Securitas (Sweden), Bosch (Germany), Armis (US), Oracle (US), PTC (US),  Huawei (China),  Seimens ( Germany), R-Style Lab (US), HQSoftware  (Estonia), Oxagile  (US), Softweb Solutions  (US), OSP Labs (US), Comarch SA (Poland), Telit (UK), Kore Wireless (US), ScienceSoft (US),  Intel (US), AgaMatrix  (US), Welch Allyn  (US), AliveCor (US), Sensely (US), Clover Health  (US).

This research report categorizes the IoT in Healthcare market to forecast revenue and analyze trends in each of the following submarkets:

Based on Component:
  • Medical Devices
    • Wearable External Medical Devices
    • Implanted Medical Devices
    • Stationary Medical Devices
  • System & Software
    • Remote Device Management
    • Network Bandwidth Management
    • Data Analytics
    • Application Security
    • Network Security
  • Services
    • Deployment & Integration
    • Consulting
    • Support & Maintenance
  • Connectivity Technology
Based on Application:
  • Telemedicine
  • Clinical Operations and Workflow Management
  • Connected Imaging
  • Inpatient Monitoring
  • Medication Management
  • Others
Based on End-Users:
  • Hospitals, Surgical Centers, and Clinics
  • Clinical Research Organizations
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories
Based on regions:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Recent Developments:

  • In October 2022, GE Healthcare partnered with AMC Health in remote health monitoring to provide patients with chronic and post-acute care.
  • In July 2022, Securitas announced the acquisition of Stanley Security and Healthcare. This acquisition will help Securitas to become a global security solutions partner.
  • In June 2022, GE Healthcare launched a new remote patient monitoring technology, Portrait Mobile, which uses wearable wireless sensors to help clinicians detect patient deterioration earlier than traditional methods.
  • In March 2022, Microsoft announced advancements in cloud technologies for healthcare and life sciences with the general availability of Azure Health Data Services and updates to Microsoft Cloud for Healthcare.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 43)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 STAKEHOLDERS 
    1.5 SUMMARY OF CHANGES 
           1.5.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH DATA 
           FIGURE 1 IOT IN HEALTHCARE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews
                    2.1.2.2 Breakup of primary profiles
                    2.1.2.3 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) - REVENUE OF IOT IN HEALTHCARE DEVICES, SYSTEMS & SOFTWARE,  AND SERVICES
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM UP  (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL MEDICAL DEVICES, SYSTEMS AND SOFTWARE, 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
    2.4 MARKET FORECAST 
           TABLE 1 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 IMPACT OF RECESSION 
           FIGURE 6 IOT IN HEALTHCARE MARKET: TO WITNESS SLIGHT DIP IN Y-O-Y IN 2023
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 7 MARKET: REGIONAL SNAPSHOT 
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN IOT IN HEALTHCARE MARKET 
           FIGURE 8 REDUCED COST OF CARE AND EVOLUTION OF ARTIFICIAL INTELLIGENCE TECHNOLOGY TO DRIVE GROWTH
    4.2 MARKET, BY COMPONENT AND REGION, 2023 
           FIGURE 9 MEDICAL DEVICES SEGMENT AND NORTH AMERICA TO DOMINATE IN 2023
    4.3 MARKET, BY REGION, 2023 
           FIGURE 10 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 IOT IN HEALTHCARE MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 60)
    5.1 MARKET OVERVIEW 
    5.2 MARKET DYNAMICS 
           FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:  IOT IN HEALTHCARE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising adoption of IoMT in healthcare industry
                    5.2.1.2 Rising focus on active patient engagement and  patient-centric care
                    5.2.1.3 Growing need for cost control measures in healthcare
                    5.2.1.4 Increased adoption of high-speed network technologies for IoT connectivity
                    5.2.1.5 Evolution of complementing technologies such as artificial intelligence and big data
                    5.2.1.6 Need for healthcare in remote locations
           5.2.2 RESTRAINTS
                    5.2.2.1 Outdated infrastructure hindering digital growth of medical industry
                    5.2.2.2 Internet disruptions leading to IoT device issues
           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
                               FIGURE 12 HEALTHCARE SPENDING, BY COUNTRY, 2021 (% OF GDP)
                    5.2.3.3 IoT for COVID-19 patient monitoring
                    5.2.3.4 Health insurers with IoT-connected intelligent devices
           5.2.4 CHALLENGES
                    5.2.4.1 Increase in cyberattacks due to data security constrictions
                    5.2.4.2 Integration of multiple devices and protocols leading to data overload
                    5.2.4.3 High cost of technology implementation
    5.3 FACTOR ANALYSIS 
           5.3.1 DRIVERS AND OPPORTUNITIES
           5.3.2 RESTRAINTS AND CHALLENGES
    5.4 USE CASES 
           5.4.1 USE CASE 1: CONNECTED HEALTHCARE
           5.4.2 USE CASE 2: ASSET TRACKING
           5.4.3 USE CASE 3: REMOTE PATIENT MONITORING
    5.5 INDUSTRY TRENDS 
           5.5.1 EVOLUTION
                    FIGURE 13 EVOLUTION OF IOT IN HEALTHCARE
           5.5.2 REGULATORY IMPLICATIONS
                    5.5.2.1 ISO STANDARDS - ISO 27799:2008 and ISO/TR 27809:2007
                    5.5.2.2 Internet of Medical Things Resilience Partnership Act (2017)
                    5.5.2.3 Health Insurance Portability and Accountability Act
                    5.5.2.4 HIPAA Privacy Rule
                    5.5.2.5 HIPAA Security Rule
                    5.5.2.6 CEN ISO/IEEE 11073
                    5.5.2.7 CEN/CENELEC
                               TABLE 2 KEY USE CASES
    5.6 TECHNOLOGICAL ANALYSIS 
           5.6.1 ARTIFICIAL INTELLIGENCE
           5.6.2 MACHINE LEARNING
           5.6.3 NATURAL LANGUAGE PROCESSING
           5.6.4 BIG DATA
           5.6.5 SPEECH RECOGNITION
           5.6.6 5G
    5.7 PRICING ANALYSIS 
           TABLE 3 AVERAGE SELLING PRICE, BY KEY PLAYER
    5.8 PATENT ANALYSIS 
           FIGURE 14 TOP TEN PATENT APPLICANTS (GLOBAL)
           TABLE 4 TOP TWENTY PATENT OWNERS
    5.9 PORTER’S FIVE FORCES ANALYSIS 
                               TABLE 5 IOT IN HEALTHCARE MARKET: PORTER’S FIVE FORCES MODEL
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF BUYERS
           5.9.4 BARGAINING POWER OF SUPPLIERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 KEY CONFERENCES AND EVENTS, 2023 
           TABLE 6 MARKET: KEY CONFERENCES AND EVENTS
    5.11 VALUE CHAIN ANALYSIS 
                    FIGURE 15 MARKET: VALUE CHAIN ANALYSIS
 
6 IOT IN HEALTHCARE MARKET, BY COMPONENT (Page No. - 77)
    6.1 INTRODUCTION 
           FIGURE 16 SYSTEMS & SOFTWARE SEGMENT TO GROW AT HIGHEST CAGR  FROM 2023 TO 2028
           TABLE 7 IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
           TABLE 8 MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
    6.2 MEDICAL DEVICES 
           6.2.1 MEDICAL DEVICES: MARKET DRIVERS
                    FIGURE 17 IMPLANTED MEDICAL DEVICES SEGMENT TO BE LARGEST SUBSEGMENT  BY 2028
                    TABLE 9 MEDICAL DEVICES: IOT IN HEALTHCARE MARKET, BY TYPE, 2018–2022 (USD BILLION)
                    TABLE 10 MEDICAL DEVICES: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                    TABLE 11 MEDICAL DEVICES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 12 MEDICAL DEVICES: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 13 MEDICAL DEVICES: NORTH AMERICAN MARKET, BY COUNTRY,  2018–2022 (USD BILLION)
                    TABLE 14 MEDICAL DEVICES: NORTH AMERICAN MARKET, BY COUNTRY,  2023–2028 (USD BILLION)
           6.2.2 STATIONARY MEDICAL DEVICES
                    6.2.2.1 Technological advancements in medical technology
                               TABLE 15 STATIONARY MEDICAL DEVICES MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 16 STATIONARY MEDICAL DEVICES MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 17 STATIONARY MEDICAL DEVICES: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 18 STATIONARY MEDICAL DEVICES: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
           6.2.3 IMPLANTED MEDICAL DEVICES
                    6.2.3.1 Increasing demand for minimally invasive procedures
                               TABLE 19 IMPLANTED MEDICAL DEVICES MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 20 IMPLANTED MEDICAL DEVICES MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 21 IMPLANTED MEDICAL DEVICES: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 22 IMPLANTED MEDICAL DEVICES: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
           6.2.4 WEARABLE EXTERNAL MEDICAL DEVICES
                    6.2.4.1 Increasing focus on preventative healthcare
                               TABLE 23 WEARABLE EXTERNAL MEDICAL DEVICES MARKET, BY REGION,  2018–2022 (USD BILLION)
                               TABLE 24 WEARABLE EXTERNAL MEDICAL DEVICES MARKET, BY REGION,  2023–2028 (USD BILLION)
                               TABLE 25 WEARABLE EXTERNAL MEDICAL DEVICES: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 26 WEARABLE EXTERNAL MEDICAL DEVICES: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    6.3 SYSTEMS & SOFTWARE 
           6.3.1 SYSTEMS & SOFTWARE: MARKET DRIVERS
                    FIGURE 18 APPLICATION SECURITY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 27 SYSTEMS & SOFTWARE: IOT IN HEALTHCARE MARKET, BY TYPE,  2018–2022 (USD BILLION)
                    TABLE 28 SYSTEMS & SOFTWARE: MARKET, BY TYPE,  2023–2028 (USD BILLION)
                    TABLE 29 SYSTEMS & SOFTWARE: MARKET, BY REGION,  2018–2022 (USD BILLION)
                    TABLE 30 SYSTEMS & SOFTWARE: MARKET, BY REGION,  2023–2028 (USD BILLION)
                    TABLE 31 SYSTEMS & SOFTWARE: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 32 SYSTEMS & SOFTWARE: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
           6.3.2 REMOTE DEVICE MANAGEMENT
                    6.3.2.1 Need to improve patient outcomes
                               TABLE 33 REMOTE DEVICE MANAGEMENT MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 34 REMOTE DEVICE MANAGEMENT MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 35 REMOTE DEVICE MANAGEMENT: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 36 REMOTE DEVICE MANAGEMENT: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
           6.3.3 NETWORK BANDWIDTH MANAGEMENT
                    6.3.3.1 Need for timely transmission of data
                               TABLE 37 NETWORK BANDWIDTH MANAGEMENT MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 38 NETWORK BANDWIDTH MANAGEMENT MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 39 NETWORK BANDWIDTH MANAGEMENT: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 40 NETWORK BANDWIDTH MANAGEMENT: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
           6.3.4 DATA ANALYTICS
                    6.3.4.1 Need to analyze large datasets and gain insights
                               TABLE 41 DATA ANALYTICS MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 42 DATA ANALYTICS MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 43 DATA ANALYTICS: NORTH AMERICAN MARKET, BY COUNTRY,  2018–2022 (USD BILLION)
                               TABLE 44 DATA ANALYTICS: NORTH AMERICAN MARKET, BY COUNTRY,  2023–2028 (USD BILLION)
           6.3.5 APPLICATION SECURITY
                    6.3.5.1 Security breaches in IoT healthcare
                               TABLE 45 APPLICATION SECURITY MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 46 APPLICATION SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 47 APPLICATION SECURITY: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 48 APPLICATION SECURITY: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
           6.3.6 NETWORK SECURITY
                    6.3.6.1 Increasing cyber threats
                               TABLE 49 NETWORK SECURITY MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 50 NETWORK SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 51 NETWORK SECURITY: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 52 NETWORK SECURITY: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    6.4 SERVICES 
           6.4.1 SERVICES: MARKET DRIVERS
                    FIGURE 19 DEPLOYMENT & INTEGRATION SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                    TABLE 53 SERVICES: IOT IN HEALTHCARE MARKET, BY TYPE, 2018–2022 (USD BILLION)
                    TABLE 54 SERVICES: MARKET, BY TYPE, 2023–2028 (USD BILLION)
                    TABLE 55 SERVICES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 56 SERVICES: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 57 SERVICES: NORTH AMERICAN MARKET, BY COUNTRY,  2018–2022 (USD BILLION)
                    TABLE 58 SERVICES: NORTH AMERICAN MARKET, BY COUNTRY,  2023–2028 (USD BILLION)
           6.4.2 DEPLOYMENT & INTEGRATION
                    6.4.2.1 Integrating operational and enterprise environments for secured IoT experience
                               TABLE 59 DEPLOYMENT & INTEGRATION MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 60 DEPLOYMENT & INTEGRATION MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 61 DEPLOYMENT & INTEGRATION: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 62 DEPLOYMENT & INTEGRATION: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
           6.4.3 CONSULTING
                    6.4.3.1 Need to implement data management processes and systems
                               TABLE 63 CONSULTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 64 CONSULTING MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 65 CONSULTING: NORTH AMERICAN MARKET, BY COUNTRY,  2018–2022 (USD BILLION)
                               TABLE 66 CONSULTING: NORTH AMERICAN MARKET, BY COUNTRY,  2023–2028 (USD BILLION)
           6.4.4 SUPPORT & MAINTENANCE
                    6.4.4.1 Need for healthcare organizations to ensure optimal performance and prevent downtime
                               TABLE 67 SUPPORT & MAINTENANCE MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 68 SUPPORT & MAINTENANCE MARKET, BY REGION, 2023–2028 (USD BILLION)
                               TABLE 69 SUPPORT & MAINTENANCE: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                               TABLE 70 SUPPORT & MAINTENANCE: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
 
7 IOT IN HEALTHCARE MARKET, BY APPLICATION (Page No. - 102)
    7.1 INTRODUCTION 
           FIGURE 20 IN-PATIENT MONITORING SEGMENT TO GROW AT HIGHEST CAGR FROM  2023 TO 2028
           TABLE 71 MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
           TABLE 72 MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
    7.2 TELEMEDICINE 
           7.2.1 TELEMEDICINE: MARKET DRIVERS
                    TABLE 73 TELEMEDICINE: IOT IN HEALTHCARE MARKET, BY REGION,  2018–2022 (USD BILLION)
                    TABLE 74 TELEMEDICINE: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 75 TELEMEDICINE: NORTH AMERICAN MARKET, BY COUNTRY,  2018–2022 (USD BILLION)
                    TABLE 76 TELEMEDICINE: NORTH AMERICAN MARKET, BY COUNTRY,  2023–2028 (USD BILLION)
           7.2.2 STORE-AND-FORWARD TELEMEDICINE
                    7.2.2.1 Need to improve diagnostic accuracy
           7.2.3 REMOTE PATIENT MONITORING
                    7.2.3.1 Need to improve patient outcome and convenience
           7.2.4 INTERACTIVE TELEMEDICINE
                    7.2.4.1 Need to provide real-time communication
    7.3 CLINICAL OPERATIONS & WORKFLOW MANAGEMENT 
           7.3.1 CLINICAL OPERATIONS & WORKFLOW MANAGEMENT: MARKET DRIVERS
                    TABLE 77 CLINICAL OPERATIONS & WORKFLOW MANAGEMENT: MARKET,  BY REGION, 2018–2022 (USD BILLION)
                    TABLE 78 CLINICAL OPERATIONS & WORKFLOW MANAGEMENT: MARKET,  BY REGION, 2023–2028 (USD BILLION)
                    TABLE 79 CLINICAL OPERATIONS & WORKFLOW MANAGEMENT: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 80 CLINICAL OPERATIONS & WORKFLOW MANAGEMENT: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    7.4 CONNECTED IMAGING 
           7.4.1 CONNECTED IMAGING: MARKET DRIVERS
                    TABLE 81 CONNECTED IMAGING: IOT IN HEALTHCARE MARKET, BY REGION,  2018–2022 (USD BILLION)
                    TABLE 82 CONNECTED IMAGING: MARKET, BY REGION,  2023–2028 (USD BILLION)
                    TABLE 83 CONNECTED IMAGING: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 84 CONNECTED IMAGING: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    7.5 IN-PATIENT MONITORING 
           7.5.1 IN-PATIENT MONITORING: MARKET DRIVERS
                    TABLE 85 IN-PATIENT MONITORING: MARKET, BY REGION,  2018–2022 (USD BILLION)
                    TABLE 86 IN-PATIENT MONITORING: MARKET, BY REGION,  2023–2028 (USD BILLION)
                    TABLE 87 IN-PATIENT MONITORING: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 88 IN-PATIENT MONITORING: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    7.6 MEDICATION MANAGEMENT 
           7.6.1 MEDICATION MANAGEMENT: MARKET DRIVERS
                    TABLE 89 MEDICATION MANAGEMENT: IOT IN HEALTHCARE MARKET, BY REGION,  2018–2022 (USD BILLION)
                    TABLE 90 MEDICATION MANAGEMENT: MARKET, BY REGION,  2023–2028 (USD BILLION)
                    TABLE 91 MEDICATION MANAGEMENT: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 92 MEDICATION MANAGEMENT: NORTH AMERICAN MARKET,  BY COUNTRY, 2023–2028 (USD BILLION)
    7.7 OTHER APPLICATIONS 
           TABLE 93 OTHER APPLICATIONS: MARKET, BY REGION,  2018–2022 (USD BILLION)
           TABLE 94 OTHER APPLICATIONS: MARKET, BY REGION,  2023–2028 (USD BILLION)
           TABLE 95 OTHER APPLICATIONS: NORTH AMERICAN MARKET, BY COUNTRY,  2018–2022 (USD BILLION)
           TABLE 96 OTHER APPLICATIONS: NORTH AMERICAN MARKET, BY COUNTRY,  2023–2028 (USD BILLION)
 
8 IOT IN HEALTHCARE MARKET, BY CONNECTIVITY TECHNOLOGY (Page No. - 114)
    8.1 INTRODUCTION 
    8.2 WI-FI 
           8.2.1 IMPROVED DATA TRANSMISSION SPEED
    8.3 BLUETOOTH LOW ENERGY 
           8.3.1 INCREASED RANGE AND EASY INTEGRATION
    8.4 ZIGBEE 
           8.4.1 LOW COST AND LOW POWER CONSUMPTION
    8.5 NEAR-FIELD COMMUNICATION 
           8.5.1 INCREASING EFFICIENCY OF HEALTHCARE DELIVERY
    8.6 CELLULAR 
           8.6.1 WIDE COVERAGE OFFERED BY CELLULAR NETWORKS
    8.7 SATELLITE 
 
9 IOT IN HEALTHCARE MARKET, BY END USER (Page No. - 117)
    9.1 INTRODUCTION 
           FIGURE 21 CLINICAL RESEARCH ORGANIZATIONS SEGMENT TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
           TABLE 97 MARKET, BY END USER, 2018–2022 (USD BILLION)
           TABLE 98 MARKET, BY END USER, 2023–2028 (USD BILLION)
    9.2 HOSPITALS, SURGICAL CENTERS, AND CLINICS 
           9.2.1 HOSPITALS, SURGICAL CENTERS, AND CLINICS: MARKET DRIVERS
                    TABLE 99 HOSPITALS, SURGICAL CENTERS, AND CLINICS: MARKET,  BY REGION, 2018–2022 (USD BILLION)
                    TABLE 100 HOSPITALS, SURGICAL CENTERS, AND CLINICS: MARKET,  BY REGION, 2023–2028 (USD BILLION)
                    TABLE 101 HOSPITALS, SURGICAL CENTERS, AND CLINICS: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 102 HOSPITALS, SURGICAL CENTERS, AND CLINICS: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    9.3 CLINICAL RESEARCH ORGANIZATIONS 
           9.3.1 CLINICAL RESEARCH ORGANIZATIONS: MARKET DRIVERS
                    TABLE 103 CLINICAL RESEARCH ORGANIZATIONS: IOT IN HEALTHCARE MARKET, BY REGION,  2018–2022 (USD BILLION)
                    TABLE 104 CLINICAL RESEARCH ORGANIZATIONS: MARKET, BY REGION,  2023–2028 (USD BILLION)
                    TABLE 105 CLINICAL RESEARCH ORGANIZATION: NORTH AMERICAN MARKET,  BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 106 CLINICAL RESEARCH ORGANIZATION: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    9.4 GOVERNMENT AND DEFENSE INSTITUTIONS 
           9.4.1 GOVERNMENT AND DEFENSE INSTITUTIONS: MARKET DRIVERS
                    TABLE 107 GOVERNMENT AND DEFENSE INSTITUTIONS: MARKET,  BY REGION, 2018–2022 (USD BILLION)
                    TABLE 108 GOVERNMENT AND DEFENSE INSTITUTIONS: MARKET,  BY REGION, 2023–2028 (USD BILLION)
                    TABLE 109 GOVERNMENT AND DEFENSE INSTITUTIONS: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 110 GOVERNMENT AND DEFENSE INSTITUTIONS: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
    9.5 RESEARCH AND DIAGNOSTIC LABORATORIES 
           9.5.1 RESEARCH AND DIAGNOSTIC LABORATORIES: MARKET DRIVERS
                    TABLE 111 RESEARCH AND DIAGNOSTIC LABORATORIES: MARKET,  BY REGION, 2018–2022 (USD BILLION)
                    TABLE 112 RESEARCH AND DIAGNOSTIC LABORATORIES: MARKET,  BY REGION, 2023–2028 (USD BILLION)
                    TABLE 113 RESEARCH AND DIAGNOSTIC LABORATORIES: NORTH AMERICAN MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                    TABLE 114 RESEARCH AND DIAGNOSTIC LABORATORIES: NORTH AMERICAN MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
 
10 MARKET, BY REGION (Page No. - 125)
     10.1 INTRODUCTION 
               FIGURE 22 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING 2023–2028
               FIGURE 23 GEOGRAPHIC SNAPSHOT OF GLOBAL MARKET
               TABLE 115 MARKET, BY REGION, 2018–2022 (USD BILLION)
               TABLE 116 MARKET, BY REGION, 2023–2028 (USD BILLION)
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: PESTLE ANALYSIS
             10.2.2 NORTH AMERICA: RECESSION IMPACT
             10.2.3 NORTH AMERICA: MARKET DRIVERS
                       FIGURE 24 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 117 NORTH AMERICA: IOT IN HEALTHCARE MARKET, BY COMPONENT,  2018–2022 (USD BILLION)
                       TABLE 118 NORTH AMERICA: MARKET, BY COMPONENT,   2023–2028 (USD BILLION)
                       TABLE 119 NORTH AMERICA: MARKET, BY MEDICAL DEVICE,   2018–2022 (USD BILLION)
                       TABLE 120 NORTH AMERICA: MARKET, BY MEDICAL DEVICE,   2023–2028 (USD BILLION)
                       TABLE 121 NORTH AMERICA: MARKET, BY SYSTEMS & SOFTWARE,  2018–2022 (USD BILLION)
                       TABLE 122 NORTH AMERICA: MARKET, BY SYSTEMS & SOFTWARE,  2023–2028 (USD BILLION)
                       TABLE 123 NORTH AMERICA: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                       TABLE 124 NORTH AMERICA: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 125 NORTH AMERICA: MARKET, BY APPLICATION,  2018–2022 (USD BILLION)
                       TABLE 126 NORTH AMERICA: MARKET, BY APPLICATION,   2023–2028 (USD BILLION)
                       TABLE 127 NORTH AMERICA: MARKET, BY END USER,   2018–2022 (USD BILLION)
                       TABLE 128 NORTH AMERICA: MARKET, BY END USER,   2023–2028 (USD BILLION)
                       TABLE 129 NORTH AMERICA: MARKET, BY COUNTRY,   2018–2022 (USD BILLION)
                       TABLE 130 NORTH AMERICA: MARKET, BY COUNTRY,   2023–2028 (USD BILLION)
             10.2.4 US
                       10.2.4.1 Rising prevalence of chronic diseases and growing aging population
                                   TABLE 131 US: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 132 US: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 133 US: MARKET, BY MEDICAL DEVICE, 2018–2022 (USD BILLION)
                                   TABLE 134 US: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                                   TABLE 135 US: MARKET, BY SYSTEMS & SOFTWARE,   2018–2022 (USD BILLION)
                                   TABLE 136 US: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                                   TABLE 137 US: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 138 US: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 139 US: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 140 US: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 141 US: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 142 US: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.2.5 CANADA
                       10.2.5.1 Need to curtail escalating healthcare costs and implementation of favorable government initiatives
                                   TABLE 143 CANADA: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 144 CANADA: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 145 CANADA: MARKET, BY MEDICAL DEVICE, 2018–2022 (USD BILLION)
                                   TABLE 146 CANADA: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                                   TABLE 147 CANADA: MARKET, BY SYSTEMS & SOFTWARE,  2018–2022 (USD BILLION)
                                   TABLE 148 CANADA: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                                   TABLE 149 CANADA: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 150 CANADA: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 151 CANADA: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 152 CANADA: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 153 CANADA: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 154 CANADA: MARKET, BY END USER, 2023–2028 (USD BILLION)
     10.3 EUROPE 
             10.3.1 EUROPE: PESTLE ANALYSIS
             10.3.2 EUROPE: RECESSION IMPACT
             10.3.3 EUROPE: MARKET DRIVERS
                       TABLE 155 EUROPE: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                       TABLE 156 EUROPE: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                       TABLE 157 EUROPE: MARKET, BY MEDICAL DEVICE, 2018–2022 (USD BILLION)
                       TABLE 158 EUROPE: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                       TABLE 159 EUROPE: MARKET, BY SYSTEMS & SOFTWARE,  2018–2022 (USD BILLION)
                       TABLE 160 EUROPE: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                       TABLE 161 EUROPE: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                       TABLE 162 EUROPE: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 163 EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                       TABLE 164 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 165 EUROPE: MARKET, BY END USER, 2018–2022 (USD BILLION)
                       TABLE 166 EUROPE: MARKET, BY END USER, 2023–2028 (USD BILLION)
                       TABLE 167 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 168 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.3.4 UK
                       10.3.4.1 Rising adoption of Real-Time Healthcare Systems (RTHS) and other Healthcare Information Systems (HCIS)
                                   TABLE 169 UK: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 170 UK: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 171 UK: MARKET, BY MEDICAL DEVICE,   2018–2022 (USD BILLION)
                                   TABLE 172 UK: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                                   TABLE 173 UK: MARKET, BY SYSTEMS & SOFTWARE, 2018–2022 (USD BILLION)
                                   TABLE 174 UK: MARKET, BY SYSTEMS & SOFTWARE, 2023–2028 (USD BILLION)
                                   TABLE 175 UK: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 176 UK: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 177 UK: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 178 UK: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 179 UK: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 180 UK: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.3.5 GERMANY
                       10.3.5.1 Growing demand for effective self-health management and home-care solutions
                                   TABLE 181 GERMANY: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 182 GERMANY: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 183 GERMANY: MARKET, BY MEDICAL DEVICE,  2018–2022 (USD BILLION)
                                   TABLE 184 GERMANY: MARKET, BY MEDICAL DEVICE,  2023–2028 (USD BILLION)
                                   TABLE 185 GERMANY: MARKET, BY SYSTEMS & SOFTWARE,   2018–2022 (USD BILLION)
                                   TABLE 186 GERMANY: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                                   TABLE 187 GERMANY: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 188 GERMANY: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 189 GERMANY: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 190 GERMANY: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 191 GERMANY: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 192 GERMANY: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.3.6 FRANCE
                       10.3.6.1 Huge demand for innovative healthcare solutions driving market for IoT in healthcare
                                   TABLE 193 FRANCE: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 194 FRANCE: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 195 FRANCE: MARKET, BY MEDICAL DEVICE, 2018–2022 (USD BILLION)
                                   TABLE 196 FRANCE: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                                   TABLE 197 FRANCE: MARKET, BY SYSTEMS & SOFTWARE,  2018–2022 (USD BILLION)
                                   TABLE 198 FRANCE: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                                   TABLE 199 FRANCE: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 200 FRANCE: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 201 FRANCE: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 202 FRANCE: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 203 FRANCE: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 204 FRANCE: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.3.7 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: PESTLE ANALYSIS
             10.4.2 ASIA PACIFIC: RECESSION IMPACT
             10.4.3 ASIA PACIFIC: MARKET DRIVERS
                       FIGURE 25 ASIA PACIFIC: IOT IN HEALTHCARE MARKET SNAPSHOT
                       TABLE 205 ASIA PACIFIC: MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                       TABLE 206 ASIA PACIFIC: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                       TABLE 207 ASIA PACIFIC: MARKET, BY MEDICAL DEVICE,  2018–2022 (USD BILLION)
                       TABLE 208 ASIA PACIFIC: MARKET, BY MEDICAL DEVICE,   2023–2028 (USD BILLION)
                       TABLE 209 ASIA PACIFIC: MARKET, BY SYSTEMS & SOFTWARE,   2018–2022 (USD BILLION)
                       TABLE 210 ASIA PACIFIC: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                       TABLE 211 ASIA PACIFIC: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                       TABLE 212 ASIA PACIFIC: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 213 ASIA PACIFIC: MARKET, BY APPLICATION,   2018–2022 (USD BILLION)
                       TABLE 214 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                       TABLE 215 ASIA PACIFIC: MARKET, BY END USER, 2018–2022 (USD BILLION)
                       TABLE 216 ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD BILLION)
                       TABLE 217 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 218 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.4.4 CHINA
                       10.4.4.1 Strong telecommunications network creating influx of IoT deployments
                                   TABLE 219 CHINA: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 220 CHINA: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 221 CHINA: MARKET, BY MEDICAL DEVICE, 2018–2022 (USD BILLION)
                                   TABLE 222 CHINA: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                                   TABLE 223 CHINA: MARKET, BY SYSTEMS & SOFTWARE,  2018–2022 (USD BILLION)
                                   TABLE 224 CHINA: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                                   TABLE 225 CHINA: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 226 CHINA: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 227 CHINA: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 228 CHINA: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 229 CHINA: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 230 CHINA: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.4.5 JAPAN
                       10.4.5.1 Rising overall healthcare expenditure and growing geriatric population
                                   TABLE 231 JAPAN: IOT IN HEALTHCARE MARKET, BY COMPONENT, 2018–2022 (USD BILLION)
                                   TABLE 232 JAPAN: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 233 JAPAN: MARKET, BY MEDICAL DEVICE, 2018–2022 (USD BILLION)
                                   TABLE 234 JAPAN: MARKET, BY MEDICAL DEVICE, 2023–2028 (USD BILLION)
                                   TABLE 235 JAPAN: MARKET, BY SYSTEMS & SOFTWARE,  2018–2022 (USD BILLION)
                                   TABLE 236 JAPAN: MARKET, BY SYSTEMS & SOFTWARE,  2023–2028 (USD BILLION)
                                   TABLE 237 JAPAN: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 238 JAPAN: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 239 JAPAN: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 240 JAPAN: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 241 JAPAN: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 242 JAPAN: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.4.6 INDIA
                       10.4.6.1 Government initiatives driving market
             10.4.7 REST OF ASIA PACIFIC
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: PESTLE ANALYSIS
             10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
             10.5.3 MIDDLE EAST & AFRICA: MARKET DRIVERS
                       TABLE 243 MIDDLE EAST & AFRICA: IOT IN HEALTHCARE MARKET, BY COMPONENT,   2018–2022 (USD BILLION)
                       TABLE 244 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT,   2023–2028 (USD BILLION)
                       TABLE 245 MIDDLE EAST & AFRICA: MARKET, BY MEDICAL DEVICE,   2018–2022 (USD BILLION)
                       TABLE 246 MIDDLE EAST & AFRICA: MARKET, BY MEDICAL DEVICE,   2023–2028 (USD BILLION)
                       TABLE 247 MIDDLE EAST & AFRICA: MARKET, BY SYSTEMS  & SOFTWARE, 2018–2022 (USD BILLION)
                       TABLE 248 MIDDLE EAST & AFRICA: MARKET, BY SYSTEMS & SOFTWARE,  2023–2028 (USD BILLION)
                       TABLE 249 MIDDLE EAST & AFRICA: MARKET, BY SERVICE,   2018–2022 (USD BILLION)
                       TABLE 250 MIDDLE EAST & AFRICA: MARKET, BY SERVICE,   2023–2028 (USD BILLION)
                       TABLE 251 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,   2018–2022 (USD BILLION)
                       TABLE 252 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,   2023–2028 (USD BILLION)
                       TABLE 253 MIDDLE EAST & AFRICA: MARKET, BY END USER,   2018–2022 (USD BILLION)
                       TABLE 254 MIDDLE EAST & AFRICA: MARKET, BY END USER,   2023–2028 (USD BILLION)
                       TABLE 255 MIDDLE EAST & AFRICA: MARKET, BY SUB-REGION,   2018–2022 (USD BILLION)
                       TABLE 256 MIDDLE EAST & AFRICA: MARKET, BY SUB-REGION,   2023–2028 (USD BILLION)
             10.5.4 MIDDLE EAST
                       10.5.4.1 National Transformation Plan and aims of Saudi Vision 2030 driving market
                                   TABLE 257 MIDDLE EAST: IOT IN HEALTHCARE MARKET, BY COMPONENT,   2018–2022 (USD BILLION)
                                   TABLE 258 MIDDLE EAST: MARKET, BY COMPONENT, 2023–2028 (USD BILLION)
                                   TABLE 259 MIDDLE EAST: MARKET, BY MEDICAL DEVICE,   2018–2022 (USD BILLION)
                                   TABLE 260 MIDDLE EAST: MARKET, BY MEDICAL DEVICE,   2023–2028 (USD BILLION)
                                   TABLE 261 MIDDLE EAST: MARKET, BY SYSTEMS & SOFTWARE,   2018–2022 (USD BILLION)
                                   TABLE 262 MIDDLE EAST: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                                   TABLE 263 MIDDLE EAST: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                                   TABLE 264 MIDDLE EAST: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                                   TABLE 265 MIDDLE EAST: MARKET, BY APPLICATION, 2018–2022 (USD BILLION)
                                   TABLE 266 MIDDLE EAST: MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
                                   TABLE 267 MIDDLE EAST: MARKET, BY END USER, 2018–2022 (USD BILLION)
                                   TABLE 268 MIDDLE EAST: MARKET, BY END USER, 2023–2028 (USD BILLION)
             10.5.5 AFRICA
                       10.5.5.1 Rapid growth in access to ICT, particularly mobile phones and network connectivity
     10.6 LATIN AMERICA 
             10.6.1 LATIN AMERICA: PESTLE ANALYSIS
             10.6.2 LATIN AMERICA: RECESSION IMPACT
             10.6.3 LATIN AMERICA: MARKET DRIVERS
                       TABLE 269 LATIN AMERICA: IOT IN HEALTHCARE MARKET, BY COMPONENT,  2018–2022 (USD BILLION)
                       TABLE 270 LATIN AMERICA: MARKET, BY COMPONENT,   2023–2028 (USD BILLION)
                       TABLE 271 LATIN AMERICA: MARKET, BY MEDICAL DEVICE,   2018–2022 (USD BILLION)
                       TABLE 272 LATIN AMERICA: MARKET, BY MEDICAL DEVICE,   2023–2028 (USD BILLION)
                       TABLE 273 LATIN AMERICA: MARKET, BY SYSTEMS & SOFTWARE,   2018–2022 (USD BILLION)
                       TABLE 274 LATIN AMERICA: MARKET, BY SYSTEMS & SOFTWARE,   2023–2028 (USD BILLION)
                       TABLE 275 LATIN AMERICA: MARKET, BY SERVICE, 2018–2022 (USD BILLION)
                       TABLE 276 LATIN AMERICA: MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 277 LATIN AMERICA: MARKET, BY APPLICATION,   2018–2022 (USD BILLION)
                       TABLE 278 LATIN AMERICA: MARKET, BY APPLICATION,  2023–2028 (USD BILLION)
                       TABLE 279 LATIN AMERICA: MARKET, BY END USER, 2018–2022 (USD BILLION)
                       TABLE 280 LATIN AMERICA: MARKET, BY END USER, 2023–2028 (USD BILLION)
                       TABLE 281 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 282 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.6.4 BRAZIL
                       10.6.4.1 Increasing adoption of smartphone technology driving market
             10.6.5 MEXICO
                       10.6.5.1 Government efforts toward healthcare digitalization fueling market growth
             10.6.6 REST OF LATIN AMERICA
 
11 COMPETITIVE LANDSCAPE (Page No. - 189)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
     11.3 REVENUE ANALYSIS 
               FIGURE 26 HISTORICAL REVENUE ANALYSIS, 2018–2022
     11.4 COMPANY MARKET RANKING ANALYSIS 
               FIGURE 27 RANKING OF KEY PLAYERS IN IOT IN HEALTHCARE MARKET, 2022
     11.5 MARKET SHARE ANALYSIS OF TOP PLAYERS 
               TABLE 283 MARKET: DEGREE OF COMPETITION
               FIGURE 28 MARKET SHARE ANALYSIS OF COMPANIES IN MARKET
     11.6 COMPANY EVALUATION QUADRANTS 
             11.6.1 DEFINITIONS AND METHODOLOGY
                       FIGURE 29 EVALUATION QUADRANT FOR KEY PLAYERS: CRITERIA WEIGHTAGE
                       11.6.1.1 Stars
                       11.6.1.2 Emerging leaders
                       11.6.1.3 Pervasive players
                       11.6.1.4 Participants
                                   FIGURE 30 IOT IN HEALTHCARE MARKET: COMPANY EVALUATION MATRIX, 2022
     11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS 
               TABLE 284 COMPANY PRODUCT FOOTPRINT
             11.7.1 END-USER FOOTPRINT
                       TABLE 285 COMPANY END-USER FOOTPRINT
             11.7.2 COMPONENT FOOTPRINT
                       TABLE 286 COMPANY COMPONENT FOOTPRINT
             11.7.3 REGIONAL FOOTPRINT
                       TABLE 287 COMPANY REGION FOOTPRINT
     11.8 COMPETITIVE BENCHMARKING FOR SMES/STARTUPS 
               TABLE 288 IOT IN HEALTHCARE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
     11.9 STARTUP/SME EVALUATION MATRIX METHODOLOGY  AND DEFINITIONS 
               TABLE 289 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
             11.9.1 PROGRESSIVE COMPANIES
             11.9.2 RESPONSIVE COMPANIES
             11.9.3 DYNAMIC COMPANIES
             11.9.4 STARTING BLOCKS
                       FIGURE 31 MARKET: STARTUP/SME EVALUATION MATRIX, 2022
     11.1 COMPETITIVE SCENARIO AND TRENDS 
               11.10.1 PRODUCT LAUNCHES
                                   TABLE 290 MARKET: PRODUCT LAUNCHES, 2020–2022
               11.10.2 DEALS
                                   TABLE 291 IOT IN HEALTHCARE MARKET: DEALS, 2019–2022
 
12 COMPANY PROFILES (Page No. - 203)
     12.1 MAJOR PLAYERS 
(Business overview, Products offered, Recent developments, MnM view, Key strengths, Strategic choices made, and Weaknesses and competitive threats)*
             12.1.1 CISCO
                       TABLE 292 CISCO: BUSINESS OVERVIEW
                       FIGURE 32 CISCO: COMPANY SNAPSHOT
                       TABLE 293 CISCO: PRODUCTS OFFERED
                       TABLE 294 CISCO: DEALS
             12.1.2 IBM
                       TABLE 295 IBM: BUSINESS OVERVIEW
                       FIGURE 33 IBM: COMPANY SNAPSHOT
                       TABLE 296 IBM: PRODUCTS OFFERED
                       TABLE 297 IBM: PRODUCT LAUNCHES
             12.1.3 GE HEALTHCARE
                       TABLE 298 GE HEALTHCARE: BUSINESS OVERVIEW
                       FIGURE 34 GE HEALTHCARE: COMPANY SNAPSHOT
                       TABLE 299 GE HEALTHCARE: PRODUCTS OFFERED
                       TABLE 300 GE HEALTHCARE: PRODUCT LAUNCHES
                       TABLE 301 GE HEALTHCARE: DEALS
             12.1.4 MICROSOFT
                       TABLE 302 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 35 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 303 MICROSOFT: PRODUCTS OFFERED
                       TABLE 304 MICROSOFT: PRODUCT LAUNCHES
             12.1.5 SAP
                       TABLE 305 SAP: BUSINESS OVERVIEW
                       FIGURE 36 SAP: COMPANY SNAPSHOT
                       TABLE 306 SAP: PRODUCTS OFFERED
                       TABLE 307 SAP: PRODUCT LAUNCHES
             12.1.6 MEDTRONIC
                       TABLE 308 MEDTRONIC: BUSINESS OVERVIEW
                       FIGURE 37 MEDTRONIC: COMPANY SNAPSHOT
                       TABLE 309 MEDTRONIC: PRODUCTS OFFERED
                       TABLE 310 MEDTRONIC: PRODUCT LAUNCHES
             12.1.7 ROYAL PHILIPS
                       TABLE 311 ROYAL PHILIPS: BUSINESS OVERVIEW
                       FIGURE 38 ROYAL PHILIPS: COMPANY SNAPSHOT
                       TABLE 312 ROYAL PHILIPS: PRODUCTS OFFERED
                       TABLE 313 ROYAL PHILIPS: PRODUCT LAUNCHES
                       TABLE 314 ROYAL PHILIPS: DEALS
             12.1.8 RESIDEO TECHNOLOGIES
                       TABLE 315 RESIDEO TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 39 RESIDEO TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 316 RESIDEO TECHNOLOGIES: PRODUCTS OFFERED
             12.1.9 SECURITAS
                       TABLE 317 SECURITAS: BUSINESS OVERVIEW
                       FIGURE 40 SECURITAS: COMPANY SNAPSHOT
                       TABLE 318 SECURITAS: PRODUCTS OFFERED
                       TABLE 319 SECURITAS: DEALS
     12.2 OTHER PLAYERS 
             12.2.1 BOSCH
             12.2.2 ARMIS
             12.2.3 ORACLE
             12.2.4 PTC
             12.2.5 HUAWEI
             12.2.6 SIEMENS
             12.2.7 R-STYLE LAB
             12.2.8 HQSOFTWARE
             12.2.9 OXAGILE
             12.2.10 SOFTWEB SOLUTIONS
             12.2.11 OSP LABS
             12.2.12 COMARCH SA
             12.2.13 TELIT
             12.2.14 KORE WIRELESS
             12.2.15 SCIENCESOFT
             12.2.16 INTEL
             12.2.17 AGAMATRIX
             12.2.18 WELCH ALLYN
             12.2.19 ALIVECOR
             12.2.20 SENSELY
             12.2.21 CLOVER HEALTH
*Details on Business overview, Products offered, Recent developments, MnM view, Key strengths, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
13 ADJACENT/RELATED MARKETS (Page No. - 240)
     13.1 INTRODUCTION 
     13.2 LIMITATIONS 
     13.3 IOT INTEGRATION MARKET 
             13.3.1 MARKET OVERVIEW
             13.3.2 IOT INTEGRATION MARKET, BY SERVICE
                       TABLE 320 IOT INTEGRATION MARKET, BY SERVICE, 2016–2021 (USD MILLION)
                       TABLE 321 IOT INTEGRATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
             13.3.3 IOT INTEGRATION MARKET, BY ORGANIZATION SIZE
                       TABLE 322 IOT INTEGRATION MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
                       TABLE 323 IOT INTEGRATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             13.3.4 IOT INTEGRATION MARKET, BY REGION
                       13.3.4.1 Europe
                                   TABLE 324 EUROPE: IOT INTEGRATION MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                   TABLE 325 EUROPE: IOT INTEGRATION MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     13.4 INCIDENT AND EMERGENCY MARKET 
             13.4.1 MARKET OVERVIEW
                       TABLE 326 INCIDENT AND EMERGENCY MANAGEMENT MARKET, BY COMPONENT,  2016–2021 (USD MILLION)
                       TABLE 327 INCIDENT AND EMERGENCY MANAGEMENT MARKET, BY COMPONENT,  2022–2027 (USD MILLION)
             13.4.2 INCIDENT AND EMERGENCY MARKET, BY COMMUNICATION TOOL AND DEVICE
                       TABLE 328 INCIDENT AND EMERGENCY MANAGEMENT MARKET, BY COMMUNICATION TOOL AND DEVICE, 2016–2021 (USD MILLION)
                       TABLE 329 INCIDENT AND EMERGENCY MANAGEMENT MARKET, BY COMMUNICATION TOOL AND DEVICE, 2022–2027 (USD MILLION)
             13.4.3 INCIDENT AND EMERGENCY MARKET, BY REGION
                       13.4.3.1 Asia Pacific
                                   TABLE 330 ASIA PACIFIC: INCIDENT AND EMERGENCY MANAGEMENT MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
                                   TABLE 331 ASIA PACIFIC: INCIDENT AND EMERGENCY MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
 
14 APPENDIX (Page No. - 246)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

This research study involved the use of extensive secondary sources, directories, and databases, such as Factiva, D&B Hoovers, and Bloomberg, to identify and collect information useful for the comprehensive market research study on the IoT in healthcare market. Additionally, sources such as the US Department of Health and Human Services, Integrated Healthcare Association (IHA), American Telemedicine Association, Health Level Seven International (HL7), Healthcare Information and Management Systems Society (HIMSS), Centers for Disease Control and Prevention (CDC), Centers for Medicare and Medicaid Services (CMS), Office of the National Coordinator for Healthcare Information Technology (ONC), National Health Service (NHS), Center for Devices and Radiological Health (CDRH), International Profiles of Health Care Systems, Continua Health Alliance, Economist Intelligence Unit, World Health Organization (WHO), and Organisation for Economic Co-operation and Development (OECD) were used to collect information specific to the IoT in healthcare market. The primary sources were mainly industry experts from core and related industries, preferred IoT medical device providers, connectivity/network providers, and service providers. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects.

Secondary Research

The market size of companies offering IoT in healthcare devices, systems and solutions, and connectivity technologies and services was arrived at based on the secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolio of major companies and rating the companies based on their performance and quality.

In the secondary research process, various sources were referred to, for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from secondary sources, such as the US Department of Health and Human Services, IHA, American Telemedicine Association, HL7, HIMSS, CDC, CMS, ONC, NHS, CDRH, International Profiles of Health Care Systems, Continua Health Alliance, Economist Intelligence Unit, WHO, and OECD. Additionally, IoT investment and spending of various countries were extracted from the respective healthcare associations.

Secondary research was conducted to obtain key information about the industry’s value chain, the total pool of key players, market classification, and segmentation from market- and technology-oriented perspectives

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs), Vice Presidents (VPs), directors from business development, marketing, and product development/innovation teams, and related key executives from IoT in healthcare solution vendors, system integrators, service providers, industry associations, healthcare consultants, and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, revenue data collected from products and services, market breakups, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, deployment, and region. Stakeholders from the demand side such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and installation teams of governments/end users using IoT in healthcare solutions were interviewed to understand buyers’ perspective on the suppliers, products, service providers, and their current use of IoT healthcare solutions which would affect the overall IoT in healthcare market growth.

IoT in Healthcare Market Size, and Share

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Market Size Estimation

Multiple approaches were adopted for estimating and forecasting the IoT in healthcare market. The first approach involves the estimation of the market size by the summation of companies’ revenue generated through the sales of devices, systems and solutions, and associated services.

Market Size Estimation Methodology: Approach 1 (Supply Side) - Revenue of IoT in Healthcare Devices, Systems & Software, and Services

IoT in Healthcare Market Size, and Share

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Market Size Estimation Methodology: Approach 1—Bottom Up (Supply Side): Collective Revenue of all Medical Devices, Systems and Software, and Services of IoT in Healthcare

IoT in Healthcare Market Size, and Share

In this market estimation approach, MarketsandMarkets identified key IoT healthcare device companies, such as Medtronic, Royal Philips, GE, Honeywell, and Healthcare Technology Services, which contribute almost 35-40% to the global IoT in healthcare market. After confirming these companies through primary interviews with industry experts, the companies’ total revenue was estimated through annual reports, SEC filings, and paid databases. These companies’ revenue pertaining to the Business Units (BUs) that offer IoT in healthcare systems and solutions, and associated services was identified through similar sources. Then through primaries, the data of revenue generated through specific IoT healthcare systems and solutions was collected. Collective revenue of key companies that offer IoT healthcare systems and solutions comprised 40-45% of the market, which was again confirmed through primary interviews with industry experts. With the assumption that the rest of the market is contributed by connectivity technology players, the market size of connectivity technology players (20-25%) was assumed to be the size of the global IoT in healthcare market for Financial Year 2023.

Market Size Estimation Methodology: Approach 2—Top Down (Demand Side): Share of Healthcare Through Overall IoT Spending

IoT in Healthcare Market Size, and Share

In the demand-side approach, among the entire IoT spending, MarketsandMarkets has estimated the share of the healthcare vertical. IoT spending in various regions, such as North America, Europe, APAC, Latin America, and MEA, has been estimated and validated through primary research. Post arriving at the IoT spending by region, the demand by hospitals, surgical centers, and clinics; Clinical Research Organizations (CROs); government and defense institutions; and research and diagnostics laboratories was ascertained to arrive at the global size of the IoT in healthcare market.

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. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

IoT is the networking of devices and buildings. The technology enables the collection and sharing of information directly via internet protocols. IoT in healthcare bridges the digital and physical worlds to monitor and modify patient behavior in real-time and manage conditions, such as asthma, diabetes, and high blood pressure, by streamlining various clinical processes and information flow. IoT can bring together people (patients, caregivers, and clinicians), data (patient or member data), processes (care delivery and wellness), and enablers (fitness and medical devices, and mobile applications) to efficiently deliver healthcare results. It helps deliver intelligent and measurable information to improve the overall efficiency in different healthcare aspects.

Key Stakeholders

  • Sensor, location, and detection solution providers
  • Wireless network operators and service providers
  • Data management companies
  • Embedded systems companies
  • Application developers and aggregators
  • Managed service and middleware companies
  • System integrators
  • Third-party providers
  • Internet identity management, privacy, and security companies
  • Semiconductor companies
  • Machine-to-machine, IoT, and general telecommunication companies
  • Support and maintenance service providers
  • Wireless infrastructure providers

Report Objectives

  • To define, describe, and forecast the Internet of Things (IoT) in healthcare market by component, application, end user, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies
  • To analyze the competitive developments, such as mergers and acquisitions, product developments, and R&D activities, in the market

Available Customizations

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

Company Information

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Custom Market Research Services

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Report Code
TC 3847
Published ON
Mar, 2023
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