Internet of Things in Healthcare Market to Reach $546.63 Billion by 2032
Global Internet of Things in Healthcare Market
The latest report titled ‘Global Internet of Things in Healthcare Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Internet of Things in Healthcare industry, acquainting them with the latest market trends, industry insights, and market share. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Internet of Things in Healthcare market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. The market research report contains significant details on the global Internet of Things in Healthcare market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities. One of the most vital components of the report is the SWOT analysis, coupled with a detailed overview of the market’s competitive landscape.
The Internet of Things (IoT) has revolutionized various industries, and healthcare is no exception. The IoT in healthcare market is experiencing rapid growth, driven by the increasing adoption of connected devices and the need for efficient healthcare delivery. The integration of IoT technology in healthcare enables real-time monitoring, remote patient management, and improved operational efficiency.
The global Internet of Things (IoT) in healthcare market size was USD 108.40 Billion in 2022 and is expected to register a revenue CAGR of 17.50% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the IoT in healthcare market is the growing demand for remote patient monitoring. IoT devices such as wearables, smart sensors, and connected medical devices allow healthcare providers to monitor patients' vital signs, medication adherence, and overall health remotely. This enables early detection of health issues, reduces hospital readmissions, and improves patient outcomes.
Another driver is the need for efficient healthcare delivery. IoT-enabled devices and systems streamline healthcare processes, automate data collection, and enhance communication between healthcare providers and patients. This leads to improved operational efficiency, reduced healthcare costs, and enhanced patient satisfaction.
However, there are certain restraints that may hinder the growth of the IoT in healthcare market. One of the major challenges is data security and privacy concerns. With the increasing number of connected devices and the exchange of sensitive patient information, there is a need for robust security measures to protect patient data from cyber threats and unauthorized access.
Additionally, interoperability issues pose a challenge to the widespread adoption of IoT in healthcare. The integration of various IoT devices and systems from different manufacturers can be complex, leading to compatibility issues and data fragmentation. Standardization efforts are underway to address these challenges and ensure seamless interoperability.
In terms of recent product launches, here are a few examples:
In May 2023, Philips launched the Philips HealthSuite System, an IoT platform that enables the secure collection, storage, and analysis of healthcare data from various sources. This platform allows healthcare providers to gain insights and make informed decisions for personalized patient care.
In April 2023, Medtronic introduced the Guardian Connect CGM system, an IoT-enabled continuous glucose monitoring system for people with diabetes. This system wirelessly transmits glucose data to a smartphone app, allowing users to monitor their glucose levels in real-time and make informed decisions about their diabetes management.
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However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global Internet of Things in Healthcare market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic. The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the Internet of Things in Healthcare industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global Internet of Things in Healthcare market, as well as its fundamental segments, have also been elucidated in this report.
The report bifurcates the Internet of Things in Healthcare market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Internet of Things in Healthcare Market Segmentation:
Component Type Outlook (Revenue, USD Billion; 2019-2032)
Stationary Medical Devices
Implanted Medical Devices
Wearable External Medical Devices
Systems & Software
Remote Device Management
Network Bandwidth Management
Deployment & Integration
Support & Maintenance
Technology Outlook (Revenue, USD Billion; 2019-2032)
Bluetooth Low Energy
Application Outlook (Revenue, USD Billion; 2019-2032)
Remote Patient Monitoring
Clinical Operations & Workflow Management
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
The report also discusses the key players involved in the market such as
Medtronic, Cisco Systems, Inc., IBM Corporation, GE Healthcare, Microsoft, SAP, Infosys Limited, Oracle, Qualcomm Technologies, Inc., Intel Corporation
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Key Reasons to Buy This Report:
The report presents a thorough examination of the Internet of Things in Healthcare market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
Regional Landscape section of the Internet of Things in Healthcare report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Research Report on the Internet of Things in Healthcare Market Addresses the Following Key Questions:
Who are the dominant players of the Internet of Things in Healthcare Market Demand?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Internet of Things in Healthcare Market Forecast?
What are the key growth drivers and restraining factors of the Internet of Things in Healthcare Market Growth?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Internet of Things in Healthcare market and its key segments?
Highlights of Table of Contents (TOC):
Overview of Global Internet of Things in Healthcare Market
Competitive analysis of the Internet of Things in Healthcare market
Regional analysis of Global Internet of Things in Healthcare market production and revenue
Regional analysis of Global Internet of Things in Healthcare market supply, consumption, and export & import
Type-based market analysis of global Internet of Things in Healthcare production, revenue, and price trends
Application-based analysis of the global Internet of Things in Healthcare market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Internet of Things in Healthcare market
Global Internet of Things in Healthcare market forecast (2020-2027)
Conclusion of the research report
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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