IoT Healthcare Market Expected to Witness Significant Growth in the Near Future

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IoT Healthcare Market In-Depth Profiling With Key
Players and Recent Developments, Forecast Period
2017-2024 Global Market Insights, Inc.
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IoT Healthcare Industry Overview

• The IoT healthcare market is primarily driven by
  the implementation of advanced digital solutions
  across the sector. The integration of such
  technology in the healthcare infrastructure is
  expected to streamline the operations, improvise
  the patient interactions and enhance the
  efficiency of processes. Increasing penetration
  of smartphones coupled with the improved internet
  connectivity worldwide is expected to fuel the
  growth. IoT has potential to reshape the industry
  due to the benefits such as remote monitoring of
  patients and management of facility assets.
• IoT in healthcare market has been forecast to
  witness remarkable growth prospect in the years
  ahead, subject to the robust enhancements in
  healthcare infrastructure. Digitization, having
  paved its way toward healthcare, has prompted
  numerous hospitals and regional governments to
  undertake initiatives to deploy IoT in the
  healthcare sector, owing to the rise in the
  requirement for mobility and communication in
  medical care. With the implementation of IoT
  facilities, healthcare service providers may be
  able to deal with the challenges related to
  consumer data sharing, since this technology is
  highly capable of dealing with patient data
  operations very efficiently. The emergence of the
  internet of things has significantly impacted the
  overall IoT in healthcare industry trends since
  the last few years. Statistically, in 2016, IoT
  in healthcare market held a revenue of more than
  USD 2 billion.

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IoT Healthcare Industry Background

• A connected medical facility leverages smart
  solutions in order to allow secure and real-time
  data flow across various networks. The new
  generation of digital technology has the
  potential to reshape the healthcare sector by
  offering benefits such as customization of
  various services, clinical diagnosis, remote
  visibility and many others. The industry is
  majorly affected by factors such as government
  regulations. It is characterized by heavy
  spending on RD. With increased emphasis on
  development of healthcare infrastructure across
  various regions, IoT has huge potential to grow.
  Implementation of IoT across the sector is
  anticipated to boost the process efficiencies,
  improve patient outcomes and the streamline the
  overall workflow.
• Nowadays, medical research institutes and
  healthcare product manufacturers have been
  joining hands to accelerate digitalization across
  the healthcare sector by deploying
  technologically advanced digital health products.
  For instance, Oxford University and National
  Institute for Health Research (NIH) have signed a
  five-year agreement with the London based giant
  in IoT in healthcare market, Drayson Technologies
  to build and commercialize digital healthcare
  tools. Through this research agreement, the
  Oxford Biomedical Research Center aims to deliver
  excellent benefits to patients from hospital to
  the comfort of their homes. For this research and
  development program, NIH has provided funding to
  Drayson Technologies, which also raised USD 53
  million from several other funding agencies.

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US IoT healthcare market, by application, 2016
2024 (USD Billion)

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Industry Coverage
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IoT Healthcare Industry By Applications

• Telemedicine segment accounted for majority of
  the share by revenue in the IoT healthcare
  market. This is attributed to the advantages
  offered such as improved security privacy
  followed by the faster scalability to meet
  demands from a number of customers. It allows the
  exchange of data such as health status of
  patients from one point to another through a
  telecommunication network resulting in enhanced
  efficiency with cost effectiveness. These
  solutions can be used in remote areas by
  integrating devices with satellite communication
  providing more convenient access.

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IoT Healthcare Industry By Region

• The stand taken by regulatory bodies and regional
  governments have also influenced IoT in
  healthcare market outlook considerably. In fact,
  it has been observed that governments have been
  pressurizing healthcare centers to implement IoT,
  on the grounds of which numerous hospitals and
  clinics have deployed IoT technology to maximize
  patient comfort. In addition, many countries have
  commenced smart city programs incorporating
  healthcare IoT projects, which would also push
  IoT in healthcare market share. For instance, the
  Singapore government has collaborated with Intel
  and Dell to deploy the Internet of things for
  eldercare patient pilot project at the Saensuk
  Smart City. The large-scale deployment of smart
  city projects across several other countries will
  further stimulate IoT in healthcare industry size
  over the years ahead.

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Competitive IoT Healthcare Industry Share

• Players in the IoT healthcare market include
  Microsoft Corporation, General Electric, IBM
  Corporation, Honeywell International Inc. and
  Cisco Systems Inc, Stanley Healthcare, Qualcomm
  Inc., SAP SE and Medtronic Inc. Considering the
  potential of implementing IoT solutions in the
  sector, players are increasingly investing on
  developing infrastructure for deployment of such
  technological solutions.

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Market research reports Key analytical components
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Market Insight Coverage
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Report Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope, definition and research
parameters 1.2. Data Sources 1.2.1.
Primary 1.2.2. Secondary
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Report Content
Chapter 2. Executive Summary 2.1. IoT
healthcare industry 360º synopsis, 2013 -
2024 2.1.1. Business trends 2.1.2. Regional
trends 2.1.3. Platform trends 2.1.4. Technology
trends 2.1.5. Service trends 2.1.6. Component
trends 2.1.7. Application trends Browse ToC Of
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