Internet of Things in Healthcare Market by Component (Devices, System & Software, and services), Application (Patient Monitoring, Clinical Operation & Workflow Optimization, Connected Imaging, Fitness & Wellness Measurement, and Drug Development) and End User (Healthcare Providers, Patients, Healthcare Payers, Research Laboratories, and Government Authority): Global Opportunity Analysis and Industry Forecast, 20202027
- Published Date: 2020-11-18
- Report ID: 18299
- Pages: 298
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Format:
The global internet of things in healthcare market was valued at $113.7billion in 2019 and is expected to reach $332.67billion by 2027, registering a CAGR of 13.20% from 2020 to 2027.
Internet of Things (IoT) is a communication network technology that is rapidly proliferating at an unprecedented rate. It connects people with IoT by transforming information from the physical world into the digital world. It allows the physical devices to connect together to send with computation-based performance in real-world. In addition, in healthcare filed, IoT is used for the data collection, analysis for research, and monitoring electronic health records which contains personally identifiable information, protected health information, and for other machine-generated healthcare data. It also offers many services such as real-time monitoring, medication compliance, and imaging which can connect wirelessly. Further, the IoT in healthcare applications include remote monitoring, early prevention, chronic disease management, elderly care, for personalized medical services, and others. In addition, IoT in healthcare is also probable to significantly reduce mortalities and non-communicable diseases such as stroke, heart diseases, hypertension, hypo & hyper glycemia, cancer, and others. Further, according to estimation by the Forbes magazine, by 2020, there are expected to be around 40.9 billion devices capable of connecting with the internet. For instance, in 2019, there is a shift of IoT healthcare from cloud computing to fog computing, which enables efficient data sharing service with privacy preservation. Furthermore, there are many collaborative effects were taken by the companies and government organization for advancing IoT healthcare for patient care. For instance, in 2017, Nokia and UNICEF have worked together to support the development of high-impact mobile health (mhealth) programs for saving lives in Indonesia.
The global internet of things in healthcare market is expected to register considerable growth during the forecast period, owing to technological advancements, rise in incidence rates of chronic diseases, growing demand for cost-effective treatment and disease management, better accessibility to high-speed internet, and implementation of favorable government regulatory policies. Furthermore, increase in adoption of smart devices and wearables, rise in interest of self-health measurement, and reduced healthcare cost with advanced and cost effectives IoT in healthcare products and solutions. Moreover, r Increase in the investments in IoT healthcare space by Fintech companies such as MedAngelONE, Amiko, SWORD health, and Aira are expected to fuel the growth of the market. However, factors such as high costs associated with IoT infrastructure development, data privacy and security issues, lack of awareness among public in developing regions, and limited technical knowledge are expected to impede the market growth. Various factors such as improvement in healthcare infrastructure in developing countries, government initiatives to support IoT platform, and high R&D spending are expected to boost the market growth.
This report segments the internet of things in healthcare market on the basis of component, application, end user, and region. On the basis of component, the market is segmented into devices, system & software and services. The devices segment is further segmented into implantable sensor devices, wearable sensor devices, and other sensor devices. System & software segment are further categorized into network layer, database layer, and analytics layer. Moreover, services segment covers architecture, consulting, and application development services. Based on application, the market is segmented into patient monitoring, clinical operation & workflow optimization, connected imaging, fitness & wellness measurement, and drug development. Based on end user, the global internet of things in healthcare market is segmented into healthcare providers, patients, healthcare payers, research laboratories, and government authorities. The market has been analyzed on the basis of four regions namely North America, Europe, Asia-Pacific, and LAMEA.
This report provides a comprehensive analysis of the leading companies operating in the global internet of things in healthcare market. The key companies profiled in this report are Apple, Inc., Cisco Systems, Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Proteus Digital Health, Koninklijke Philips N.V., QUALCOMM Incorporated, and Abbott Laboratories.
KEY BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis along with the current global antihypertensive market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.
The market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
Key Market Segments
By Component
Devices
o Implantable Sensor Devices
o Wearable Sensor Devices
o Others Sensor Devices
System and Software
o Network Layer
o Database Layer
o Analytics Layer
Services
o Architecture (System integration)
o Consulting
o Application Development (support and maintenance)
By Application
Patient Monitoring
Clinical Operation and Workflow Optimization
Clinical Imaging
Fitness and Wellness Measurement
Drug Development
By End User
Healthcare Providers
Patients
Healthcare Payers
Research Laboratories (Biotech/Pharma)
Government Authority
By Region
o North America
U.S.
Canada
Mexico
o Europe
Germany
France
UK
Rest of Europe
o Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
o LAMEA
Latin America
Middle East
Africa
List of key players profiled in the report
Apple, Inc.
Cisco Systems, Inc.
GE Healthcare Ltd.
Google (Alphabet)
International Business Machines Corporation
Medtronic PLC
Microsoft Corporation
Proteus Digital Health
Koninklijke Philips N.V.
QUALCOMM Incorporated
Abbott Laboratories
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
Honeywell International
AdhereTech Inc.
Stanley Healthcare.
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst Tools and Models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porters five forces analysis
3.3.1.Moderate bargaining power of buyers
3.3.2.Low bargaining power of suppliers
3.3.3.Moderate threat of substitutes
3.3.4.Low threat of new entrants
3.3.5.Moderate competitive rivalry
3.4.Top winning strategies, 2016-2018
3.5.Regulatory Scenario
3.5.1.HIPAA (Health insurance portability and accountability act)
3.5.2.HITECH (Health Information Technology for Economic and Clinical Health) act
3.5.3.Affordable care act
3.5.4.FDASIA (Food and drug administration safety and innovation act)
3.5.5.European standards organizations (CENELEC (European committee for electrotechnical standardization), CEN and ETSI)
3.5.6.The U.S. Food and Drug Administration (FDA) Role In Medical Device Cybersecurity
3.6.Market dynamics
3.6.1.Drivers
3.6.1.1.Technological advancements
3.6.1.2.Increasing demand for low-cost disease management and treatment
3.6.1.3.Rising prevalence of chronic diseases
3.6.1.4.Collaboration among companies
3.6.2.Restraint
3.6.2.1.Data privacy and security
3.6.2.2.Lack of awareness among consumers in developing regions
3.6.2.3.Lack in accuracy of sensors
3.6.3.Opportunity
3.6.3.1.Develop low-power wide area networks (LPWANs)
3.6.3.2.Initiatives taken to increase awareness among consumers
3.6.3.3.Government initiatives for promoting digital health
CHAPTER 4:INTERNET OF THINGS IN HEALTHCARE MARKET, BY COMPONENT
4.1.Overview
4.1.1.Market size and forecast
4.2.Devices
4.2.1.Key market trends and opportunities
4.2.2.Market size and forecast
4.2.3.Market share analysis, by country
4.2.3.1.Wearable sensor Devices
4.2.3.2.Implanted sensor devices
4.2.3.3.Others sensor devices
4.3.System and Software
4.3.1.Key market trends and opportunities
4.3.2.Market size and forecast
4.3.3.Market share analysis, by country
4.3.3.1.Network layer
4.3.3.2.Database layer
4.3.3.3.Analytics layer
4.4.Services
4.4.1.Key market trends and opportunities
4.4.2.Market size and forecast
4.4.3.Market share analysis, by country
CHAPTER 5:INTERNET OF THINGS IN HEALTHCARE MARKET, BY APPLICATION
5.1.Overview
5.1.1.Market size and forecast
5.2.Patient monitoring
5.2.1.Market size and forecast
5.2.2.Market share analysis, by country
5.3.Clinical operation and workflow optimization
5.3.1.Market size and forecast
5.3.2.Market share analysis, by country
5.4.Connected imaging
5.4.1.Market size and forecast
5.4.2.Market share analysis, by country
5.5.Fitness and wellness measurement
5.5.1.Market size and forecast
5.5.2.Market share analysis, by country
5.6.Drug development
5.6.1.Market size and forecast
5.6.2.Market share analysis, by country
CHAPTER 6:INTERNET OF THINGS IN HEALTHCARE MARKET, BY END USER
6.1.Overview
6.2.Healthcare providers
6.2.1.Market size and forecast
6.2.2.Market share analysis, by country
6.3.Patients
6.3.1.Market size and forecast
6.3.2.Market share analysis, by country
6.4.Healthcare payers
6.4.1.Market size and forecast
6.4.2.Market share analysis, by country
6.5.Research laboratories
6.5.1.Market size and forecast
6.5.2.Market share analysis, by country
6.6.Government authority
6.6.1.Market size and forecast
6.6.2.Market share analysis, by country
CHAPTER 7:INTERNET OF THINGS IN HEALTHCARE MARKET, BY REGION
7.1.Overview
7.1.1.Market size and forecast
7.2.North America
7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by country
7.2.3.Market size and forecast, by component
7.2.4.Market size and forecast, by application
7.2.5.Market size and forecast, by end user
7.2.6.U.S.
7.2.6.1.U.S. market size and forecast, by component
7.2.6.2.U.S. market size and forecast, by application
7.2.6.3.U.S. market size and forecast, by end user
7.2.7.Canada
7.2.7.1.Canada market size and forecast, by component
7.2.7.2.Canada market size and forecast, by application
7.2.7.3.Canada market size and forecast, by end user
7.2.8.Mexico
7.2.8.1.Mexico market size and forecast, by component
7.2.8.2.Mexico market size and forecast, by application
7.2.8.3.Mexico market size and forecast, by end user
7.3.Europe
7.3.1.Key growth factors and opportunities
7.3.2.Market size and forecast, by country
7.3.3.Market size and forecast, by component
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by end user
7.3.6.Germany
7.3.6.1.Germany market size and forecast, by component
7.3.6.2.Germany market size and forecast, by application
7.3.6.3.Germany market size and forecast, by end user
7.3.7.France
7.3.7.1.France market size and forecast, by component
7.3.7.2.France market size and forecast, by application
7.3.7.3.France market size and forecast, by end user
7.3.8.UK
7.3.8.1.UK market size and forecast, by component
7.3.8.2.UK market size and forecast, by application
7.3.8.3.UK market size and forecast, by end user
7.3.9.Rest of Europe
7.3.9.1.Rest of Europe market size and forecast, by component
7.3.9.2.Rest of Europe market size and forecast, by application
7.3.9.3.Rest of Europe market size and forecast, by end user
7.4.Asia-Pacific
7.4.1.Key growth factors and opportunities.
7.4.2.Market size and forecast, by country
7.4.3.Market size and forecast, by component
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by end user
7.4.6.Japan
7.4.6.1.Japan market size and forecast, by component
7.4.6.2.Japan market size and forecast, by application
7.4.6.3.Japan market size and forecast, by end user
7.4.7.China
7.4.7.1.China market size and forecast, by component
7.4.7.2.China market size and forecast, by application
7.4.7.3.China market size and forecast, by end user
7.4.8.India
7.4.8.1.India market size and forecast, by component
7.4.8.2.India market size and forecast, by application
7.4.8.3.India market size and forecast, by end user
7.4.9.Australia
7.4.9.1.Australia market size and forecast, by component
7.4.9.2.Australia market size and forecast, by application
7.4.9.3.Australia market size and forecast, by end user
7.4.10.Rest of Asia-Pacific
7.4.10.1.Rest of Asia-Pacific market size and forecast, by component
7.4.10.2.Rest of Asia-Pacific market size and forecast, by application
7.4.10.3.Rest of Asia - Pacific market size and forecast, by end user
7.5.LAMEA
7.5.1.Key growth factors and opportunities
7.5.2.Market size and forecast, by country
7.5.3.Market size and forecast, by component
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by end user
7.5.6.Latin America
7.5.6.1.Latin America market size and forecast, by component
7.5.6.2.Latin America market size and forecast, by application
7.5.6.3.Latin America market size and forecast, by end user
7.5.7.Middle East
7.5.7.1.Middle East market size and forecast, by Component
7.5.7.2.Middle East market size and forecast, by application
7.5.7.3.Middle East market size and forecast, by end user
7.5.8.Africa
7.5.8.1.Africa market size and forecast, by component
7.5.8.2.Africa market size and forecast, by application
7.5.8.3.Africa market size and forecast, by end user
CHAPTER 8:COMPANY PROFILES
8.1.Apple Inc.
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments
8.2.Alphabet Inc. (Google)
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.1.Key strategic moves and developments
8.3.Abbott Laboratories
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.1.Key strategic moves and developments
8.4.Cisco Systems Inc.
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments
8.5.General Electric Company
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments
8.6.International Business Machine Corporation (IBM)
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments
8.7.Koninklijke Philips N.V.
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.1.Key strategic moves and developments
8.8.Microsoft Corporation
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.1.Key strategic moves and developments
8.9.Medtronic Plc
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.10.Proteus Digital Health Inc.
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.11.QUALCOMM Incorporated
8.11.1.Company overview
8.11.2.Company snapshot
8.11.3.Operating business segments
8.11.4.Product portfolio
8.11.5.Business performance
8.11.6.Key strategic moves and developments
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