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IoT Healthcare Market by Components, Application, End-User - Global Forecast to 2020

IoT Healthcare Market: Global Forecast until 2020

  • October 2015
  • 146 pages
  • ID: 3363496
In this report:
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Digital transformation benefits companies improve operational performance, efficiency, and business process. It implies the utilization of digital technologies, including mobility, analytics, and social media. Presently, Internet of Things is at the center stage of the digital transformation. It is capable of gathering data from multiple sources, allowing M2M communication, and conveying appropriate data to the end users for efficient operations.

The primary increase drivers for the IoT in healthcare market contain demand for reduced cost of patient care, improved healthcare outcomes, and evolution of high speed networking technologies. The IoT-based technology solutions enable the healthcare organizations to rise the quality of healthcare services and improve patient experience through continued patient engagement and remote monitoring in real-time. Innovative products in next generation sensors also acts as a driving factor in the IoT healthcare market. Nevertheless, insufficient IoT technology skills across healthcare organizations is a main increase restraint faced by the healthcare sector.

This industry report offers an detailed review of the IoT in healthcare market across the type of medical devices, systems and software, connectivity technologies, services, applications, final users, and territories. IoT in healthcare systems and software consist of remote device management, network bandwidth management, data analytics, application security, and network security. IoT in healthcare report includes market analysis of connectivity technologies, including Wi-Fi, BLE, NFC, ZigBee, cellular, and satellite. The services have been broken down into system integration, professional services, and support and maintenance. Healthcare applications of IoT have also been considered in the analysis. The market research also classifies the industry into localities, like North America, Europe (EU), Asia Pacific (APAC), Middle East (ME) and African continent, and Latin America area.

The IoT in healthcare market is forecasted to grow from ~$32.5B in 2015 to ~$163.2B by 2020, at a CAGR of 38.10 percent between 2015 and 2022. Some of the main innovators of this market contain Medtronic, Incorporated, Philips, Cisco Systems, IBM Corporation, and GE Healthcare.

There are different assumptions that have been taken into consideration for the sector sizing and forecasting exercise, which includes political, social, technological, and economic factors. It is assumed that the dollar fluctuations will not seriously affect the outlooks in the emerging regions.

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