IoT Healthcare industry analysis research and trends report for 2017-2024

IoT Healthcare Market to witness 15% growth from
2017 to 2024: Global Market Insights, Inc.
IoT Infrastructure 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.
The differentiating factor of IoT Healthcare Market report by Global Market Insights,
Inc. when compared with other, similar syndicated research studies includes a 360-
degree synopsis of trends for a period of more than 10 years including historic
information as well as future outlook.
Increasing aging population in Japan and several other European countries such as
Italy & Germany coupled with the rising number of chronic diseases will drive the IoT
healthcare market growth over the forecast timeline.
Technological advancements in the sector to provide accessible & inexpensive
patient care solutions widens the scope for adoption of such solutions. It is gradually
transforming the sector by focusing on the way devices, application as well as
people interact with each other.
Lack of interoperability may hamper the IoT healthcare market growth. Interoperable
systems enable share & retention of data automatically, eliminating the possibility of
re-entering data each time.
Issues such as difficulty in integration of devices made by different manufacturers,
their inability to operate on other operating systems, poses challenge to mass
consumerization of IoT solutions.
In order to reach mass adoption, overcoming such risks restricting boundless
connections of a connected world is a primary concern to the technology providers.
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Other factors such as high cost of infrastructure development followed by data
privacy & security issues are predicted to curb the demand.
Rising deployment of smart sensor technology in various systems enhances the
capability of IoT healthcare market devices to collect more data associated with
patient’s health.
US IoT healthcare market, by application, 2016 & 2024 (USD Billion)
Browse key industry insights spread across 130 pages with 155 market data tables &
12 figures & charts from the report, “IoT Healthcare Market Size By Platform
(Network Management, Device Management, Application Management), By
Technology (Sensors, RFID, Connectivity Technology), By Component
(Hardware, Software [Data Management, Streaming Analytics, Security,
Remote Monitoring, Bandwidth Management]), By Service (Professional
Service, Managed Service), By Application (Remote Monitoring, Telemedicine,
Inventory Management), Industry Analysis Report, Regional Outlook (U.S.,
Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South
Korea, Malaysia, Singapore, Australia, Brazil, Mexico, Saudi Arabia, UAE,
South Africa), Application Potential, Price Trends, Competitive Market Share &
Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/iot-healthcare-market
North America dominates the IoT healthcare market with significant revenue share.
The growth is attributed to the presence of large number of advanced infrastructure
in the region. Advancements in technology and devices coupled with rising spending
on the infrastructure further contributes to the market growth.
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Asia Pacific IoT healthcare market is expected to witness significant growth owing to
rising number of medical facilities. Moreover, the increasing investment in the sector
to improve the infrastructure and address issues such as corruption, several
countries are planning to introduce innovative models such as e-catalogs and price
transparency procedures that will contribute in the demand for advanced solutions.
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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About Global Market Insights
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