IoT Healthcare Market

IoT Healthcare Market
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India
Latin America
Brazil
The Middle East and Africa
Several types of components are being used in the manufacturing of healthcare IoT devices. The
systems and software are having a huge demand in the Global IoT Healthcare Market owing to
increasing applications in all the medical devices, as it is the skeleton of medical devices to perform its
actual functioning of interconnection between two devices. Systems and Software segment is expected
to grow with a CAGR of 12.6% over the forecast period.
The wearable external medical devices are dominating the Global IoT Healthcare Market in medical
devices segment due to the increased adoption of IoT technology in advanced healthcare and fitness
devices. The remote patient monitoring experienced a huge leap in 2016. Total 7.1 million patients were
enrolled in some form of digital healthcare program featuring connected medical devices that used the
patients own mobile devices. Owing to the rising popularity and increasing demand, the segment is likely
to grow at a higher CAGR of 11.3% over the forecast period.
Professional service is a services type segment that is leading the Global IoT Healthcare Market owing to
the increased adaptation of the professional services by the end users. Hence the global professional
service segment is estimated to reach a market value of USD 1973.7 by end 2022.
Data Analytics is dominating the Global IoT Healthcare Market in system and software type segment.
This is due to the growing applications of IoT derived data in several domains of data analytics.
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By Application Telemedicine is the most recent application utilizing the IoT technology in maintaining the
patient data and tracking the where about of the patient. Hence Telemedicine is a leading Application