Internet of Things (IoT) in Healthcare Market Growth with Challenges, Standardization, Competitive Market Share and Top Players 2020

1
Internet of Things (IoT) in Healthcare Market

• by Component (Medical Devices, System Software,
  Services), Application (Telemedicine, Medication
  Management, Clinical Operations, Inpatient
  Monitoring, Connected Imaging, Others), and
  Region, Global Forecast 2018 to 2025

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2
Internet of Things (IoT) in Healthcare Market
Size and Share 2025

• In recent times there is a rising focus on
  patient-centric care, engagement, rise in
  high-speed technologies, connectivity, and
  cost-control actions within the healthcare
  sector. There is also an increase in real-time
  patient data collection and associated actions.
  In countries and regions where remote areas are
  deprived of basic healthcare facilities it is
  very much critical to get patients, there
  tracking and data to know and attend any
  emergencies. This is the reason why IOT in
  healthcare market is expected to grow above USD
  169 billion by 2025.
• Also, the developing wearable innovations and
  technologies, the rise of connected automobiles,
  and investments in digital technologies is the
  main reason for development of the Internet of
  Things (IoT) in the medicinal industry. Expanding
  geriatric populace, mechanical progressions,
  alongside developing predominance of interminable
  conditions are mainily helping the growth in the
  market.
• Furthermore, the developing need to give better
  experience and increment in healthcare service
  reach and qulity is expected to be the key growth
  attribute for IoT in this industry. Having said
  this, the cost of initial infrastructure, skilled
  manforce to handle adavanced technologies and so
  on is hindering the growth in some developing
  regions where primary health center netowrks are
  not very well established. However, cloud and
  cloud based analytics is expected to help coming
  over these difficulties.

3
Internet of Things (IoT) in Healthcare Market
Size and Share 2025

• Based on the component segment, the market is
  bifurcated into three sub-segments that are
  medical devices, systems software, and
  services. In 2019, the medical device segment
  gathered the highest market revenue and it is
  anticipated to govern the IoT in the healthcare
  market throughout the forecast period. The large
  scale implementation of medical devices owing to
  the increasing need for efficient and
  cost-effective solutions for enabling healthcare
  services has propelled the industry growth in the
  last few years. Additionally, IoT-enabled medical
  devices possess an essential role in tracking and
  gathering numerous information, thus, leading to
  the advancement of different Internet of Things
  (IoT) in healthcare use cases.
• The report also throws light on various aspects
  of the global IoT in healthcare by assessing the
  market using value chain analysis. The report
  covers several qualitative aspects of the IoT in
  the healthcare industry in market drivers, market
  restraints and key industry trends. Furthermore,
  the report provides an in-depth assessment of the
  market competition with company profiles of
  global as well as local vendors.
• The global IoT in the healthcare market has
  strong competition among the well-established and
  new emerging players. These market players target
  to gain a competitive advantage over the other
  players by participating in partnerships,
  mergers, and acquisitions and expanding their
  businesses.
• Based on the application, the market is
  classified into telemedicine, clinical
  operations, medication management, connected
  imaging, inpatient monitoring, and others. The
  market for inpatient monitoring is anticipated to
  witness a staggering growth over the forecast
  period.

4
Internet of Things (IoT) in Healthcare Market
Size and Share 2025

• Component Overview, 2018-2025 (USD Billion)
• Medical devices
• Wearable External Devices
• Implanted Medical Devices
• Stationary Medical Devices
• System and software
• Remote Device Management
• Network Bandwidth Management
• Data Analytics
• Application Security
• Network Security
• Services
• System Integration Services
• Consulting, Training, and Education
• Support and Maintenance Services
• Application Overview, 2018-2025 (USD Billion)
• Telemedicine
• Medication Management
• Clinical Operations

5
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