Pune, May 29, 2020 (GLOBE NEWSWIRE) -- The global IoT in healthcare market size is projected to reach USD 176.82 billion by the end of 2026. The increasing demand for efficient healthcare solutions will lead to a wider product adoption in the coming years. According to a report published by Fortune Business Insights, titled “Internet of Things (IoT) in Healthcare Market Size, Share & Industry Analysis, By Component (Devices, Software, and Services), By Software (Remote Device Management, Data Analytics, Compliances & Security, Asset Performance Management, Others), By Application (Telemedicine, Patient Monitoring, Operations and Workflow Management, Remote Scanning, Sample Management), By End-use (Laboratory Research, Hospitals, Clinics) and Regional Forecast, 2019-2026,” the market was worth USD 30.96 billion in 2018 and will exhibit a CAGR of 24.5% during the forecast period, 2018-2026.
The internet of things has opened up an array of applications across diverse industry verticals. Technological advancements through the integration of IoT have been phenomenal. The use of IoT in healthcare and medical devices has allowed faster diagnosis as well as treatment of serious diseases. IoT creates an interconnected network infrastructure which makes it easier for access, storage, and transfer of data. This concept is solving the rural conundrums wherein healthcare facilities were few and far. The benefits offered by IoT in healthcare have led to a wider product adoption across the world. The increasing emphasis on the development of efficient products that will help solve and diagnose the complications of serious disorders in a short time will bode well for the growth of the overall market in the coming years. Moreover, the high investment in the integration of technological concepts such as IoT in the healthcare industry will emerge in favor of market growth.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/internet-of-things-iot-in-healthcare-market-102188
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/internet-of-things-iot-in-healthcare-market-102188
Increasing Number of Company Mergers Will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on market growth. The high investment in adoption of technologically sound methods in several healthcare applications by major companies will create several opportunities for market growth. In March 2018, Koninklijke Philips N.V. announced that it has collaborated with Samsung Electronics. Through this collaboration, Philips will look to connect its digital platform with Samsung’s ARTIK Smart IoT platform. The companies will boost their research and development activities associated with integration of IoT in healthcare services. Koninklijke’s collaboration with Samsung Electronics will not just benefit the company but will have a direct impact on the growth of the overall market in the coming years.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-things-iot-in-healthcare-market-102188
Asia Pacific to Account for the Highest Share; Increasing Awareness Regarding Health Monitoring Services will Aid Growth
The report analyzes ongoing market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The high investment in the development of advanced healthcare systems that can detect and diagnose diseases at an early stage will fuel the demand for the product. Additionally, the growing awareness regarding health monitoring services will emerge in favor of market growth. As of 2018, the market in Asia Pacific was worth USD 12.04 billion and this value is projected to increase further in the coming years.
List of companies profiled in the IoT in Healthcare Market Research Report are:
- Amazon.com, Inc. (AWS)
- Cisco Systems, Inc.
- General Electric Company
- Intel Corporation
- International Business Machines (IBM) Corporation
- Koninklijke Philips N.V.
- Microsoft Corporation
- SAP SE
- Senseonics Holdings, Inc.
- SGH Group
- TeleTracking Technologies, Inc.
- Wipro Ltd.
Industry Developments:
May 2016: SAP SE announced the launch of a new healthcare platform to provide patient-centric solutions. The company states that through this platform, hospitals, healthcare providers, and researchers will be able to reduce operational and maintenance costs and as well as offer connected healthcare services.
Quick Buy – IoT in Healthcare Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102188
Detailed Table of Content
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global IoT in Healthcare Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Devices
- Software
- Services
- By Software (Value)
- Remote Device Management
- Data Analytics
- Compliances & Security
- Asset Performance Management
- Others (Data Storage, Electronic Health Record, and Others)
- By Application (Value)
- Telemedicine
- Patient Monitoring
- Operations and Workflow Management
- Remote Scanning
- Sample Management
- Others (Predictive Devices Maintenance, Medication Management, and Others)
- By End-Use (Value)
- Laboratory Research
- Hospitals
- Clinics
- Others (Clinical Tests and Others)
- By Geography (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Component (Value)
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/internet-of-things-iot-in-healthcare-market-102188
Have a Look at Related Research Insights:
Big Data Technology Market Size, Share & Industry Analysis, By Offering (Solution, Services), By Deployment (On-Premise, Cloud, Hybrid), By Application (Customer Analytics, Operational Analytics, Fraud Detection and Compliance, Enterprise Data Warehouse Optimization, Others), By End Use Industry (BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, Others) and Regional Forecast, 2019-2026
Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026
Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 - 2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Read Press Release https://www.fortunebusinessinsights.com/press-release/internet-of-things-iot-in-healthcare-market-9604