What is the global market size of the IOT In Healthcare Market?

Global IOT In Healthcare Market size was valued at USD 215.4 billion in 2021 and is poised to grow from USD 252.1 billion in 2022 to USD 926.9 billion by 2030, growing at a CAGR of 16.8% in the forecast period (2023-2030).

Who are the key vendors in the Global IOT In Healthcare Market?

The Global IOT in Healthcare Market are characterized by a fragmented landscape and fierce competition among industry participants. The players have focused their efforts on bolstering their IOT in Healthcare Market position through mergers and acquisitions, alliances, and global development. These techniques assist businesses in expanding their geographic reach and improving their service offerings in both domestic and foreign markets. 'AdhereTech', 'Capsule Technologies, Inc.', 'Cerner Corporation', 'Cisco Systems, Inc.', 'GE Healthcare', 'Honeywell International, Inc.', 'IBM Corporation', 'Intel Corporation', 'Koninklijke Philips N.V.', 'Medtronic Plc', 'Microsoft Corporation', 'NXP Semiconductors N.V.', 'Qualcomm Life, Inc.', 'Siemens AG', 'STMicroelectronics N.V.', 'Telit Communications PLC', 'Terumo Corporation', 'Texas Instruments Incorporated', 'Welch Allyn, Inc. (A Hill-Rom Company)', 'Zebra Technologies Corporation'

What is the key driver of the Global IOT In Healthcare Market?

The global IOT in healthcare market is driven by rising cases of chronic diseases such as genetic diseases, respiratory diseases, COPD, and others. The market is also growing due to favorable government policies and high internet accessibility. demand for disease management and cost efficient treatments is supporting the need for smart devices and wearables.

What is the key market trend for the Global IOT In Healthcare Market?

People all over the world are becoming more aware of self-health management as early-life issues become more prevalent. The growing health-consciousness of the young and active population is driving the adoption of wearable devices. With the introduction of wearable medical devices, it has become much easier and more convenient to monitor health concerns. According to the International Diabetes Federation (IDF), the majority of the world is affected by diabetic issues. Nonetheless, 46% of patients are not diagnosed on time. As a result, people are increasingly turning to wearable medical devices to conduct regular health checks.

Which region accounted for the largest share in the Global IOT In Healthcare Market?

The North American segment accounted for a key share in 2020 and is predicted to continue this trend due to rapid technological advancements, increasing investments from top players, supportive government regulations, and a rise in the prevalence of chronic diseases, and the demand for cost-effective disease management. In contrast, Asia-Pacific is expected to register a CAGR of 17.40% during the forecast period. There are several reasons for this, including rapidly changing healthcare infrastructure in developing countries like India and China, a large patient population, public awareness, and increasing healthcare spending.

Global Internet of Things (IoT) in Healthcare Market

Internet of Things (IoT) in Healthcare Market Size, Share, Growth Analysis, By Component (Devices, Software), By Application (Telemedicine, Clinical Operations & Workflow Management), By Connectivity Technology (Wi-Fi, Bluetooth Low Energy (BLE)), By End-User, By Region - Industry Forecast 2025-2032

Report ID: SQMIG35G2098 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 92 | Figures: 76

Internet of Things (IoT) in Healthcare Market News

In October 2022, Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc., announced plans to establish an infrastructure Region in Thailand. The upcoming AWS Region in Thailand will allow developers, startups, and enterprises, as well as government, education, and nonprofit organisations, to run applications and serve end users from AWS data centres in Thailand, allowing customers who want to keep their data in Thailand to accomplish this.

Internet of Things (IoT) in Healthcare Market Report Snapshots

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Global Internet of Things (IoT) in Healthcare Market size was valued at USD 44.21 billion in 2023 and is poised to grow from USD 53.58 billion in 2024 to USD 249.48 billion by 2032, growing at a CAGR of 21.2% during the forecast period (2025-2032).

Global internet of things (IoT) in healthcare market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Siemens AG (Germany) ', 'GE Healthcare (United States) ', 'Medtronic plc (Ireland) ', 'Philips Healthcare (Netherlands) ', 'IBM Corporation (United States) ', 'Oracle Corporation (United States) ', 'Cisco Systems, Inc. (United States) ', 'Honeywell International Inc. (United States) ', 'Qualcomm Incorporated (United States) ', 'Intel Corporation (United States) ', 'Microsoft Corporation (United States) ', 'SAP SE (Germany) ', 'Johnson & Johnson (United States) ', 'Abbott Laboratories (United States) ', 'Boston Scientific Corporation (United States) ', 'Medtronic plc (Ireland) ', 'Cerner Corporation (United States) ', '3M Health Care (United States)'

Highly developed medical device technology in healthcare to ensure patient safety in an efficient and effective procedure is bolstering the demand for IoT in healthcare. The development of connected care, investments in adopting digital technologies in healthcare facilities, and increasing wearable technology use are the main drivers of industry growth. The market is expanding as a result of technological developments, a growing elderly population, and the incidence of chronic diseases.

Increasing self-health care as early-life issues are becoming more prevalent and are currently in the trend. Furthermore, the rising health consciousness is driving the young and physically active population to promote wearable technology. It is also now feasible to track health issues and aware remote patients with chronic illnesses. Individuals are also increasingly supporting wearable medical devices to conduct routine health checks.

Asia Pacific is anticipated to hold the largest share in the global internet of things (IoT) in healthcare market over the anticipated period owing to the presence of various countries including India, China, South Korea, and others where governments are focussing on the remote health solutions. Due to the increasing population-base in India coupled with the high investments by the government are creating growth opportunities in the healthcare sector, resulting in the regional growth in IoT healthcare market.

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Internet of Things (IoT) in Healthcare Market News

Internet of Things (IoT) in Healthcare Market Report Snapshots

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What is the global market size of Internet of Things (IoT) in Healthcare Market?

Who are the key vendors in the Internet of Things (IoT) in Healthcare Market?

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Which region accounted for the largest share in Internet of Things (IoT) in Healthcare Market?

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