IoT In Healthcare Market Research Report - Market Outlook & Growth Trend

  • Analysis
  • 03-June-2016

The latest report “Global Internet Of Things (IoT) In Healthcare Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast ” added by DecisionDatabases.com anticipates high growth due to advanced networking technologies coupled with a rising need for improved healthcare services. The report covers the market overview, market size, growth trends and future prospects of the IoT (Internet of Things) in the healthcare industry. The report incorporates the market analysis on the basis of type, product and application. The report offers details about the drivers, restraints and growth opportunity in the industry.
 

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IoT (Internet of Things) is a platform that provides real-time flow of information, analysis and facilitates collation of the information, which enables centralized controlling and monitoring of operations. The worldwide IoT in healthcare market anticipates high growth under the study period due to the drastic increase in the occurrence of chronic diseases across the regions. Consumer friendly devices, better internet access and technological innovation has expanded the scope of application of this market. IoT in healthcare services has led to better disease management and cost effective treatment, as it can be accessed through remote locations also. These services have led to enhanced patient monitoring, data management.
 
However, shortage of favorable government regulations and insufficient IoT skills are the major restraints, which may hamper the growth over the coming years. To overcome these issues many hospitals are modifying their security policies to keep up with the technological innovations.
 
The IoT in healthcare market is segmented based on medical devices into implanted medical devices, stationary medical devices and wearable external medical devices. Wearable external medical devices occupies a huge market as it is very convenient and easy to use for disease management and diagnostics. The (IoT) in healthcare market has been further segmented on the basis of system and software such as application security, remote device management, network security, network bandwidth management, and data analytics. Furthermore, the internet of things in healthcare market has been segmented by connectivity, technology, applications and end user into various segments.

Geographically, the global market is divided into five regions such as North America, Latin America, Asia Pacific, Europe and Middle East & Africa (MEA). North America was one of the major markets for IoT in healthcare industry but is expected to grow at a moderate rate over the forecast period owing to mature healthcare industry in the region. Asia Pacific is the fastest growing market for IoT in healthcare and is anticipated to witness a significant growth over the forecast period on account of rising geriatric population and increasing foreign investment in the healthcare industry, particularly in China and India.
 
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Some of the major industry players included in the report are Cisco Systems, Medtronic, Inc., SAP SE, Philips, Microsoft Corporation, Honeywell Life Care Solutions, IBM Corporation, Stanley Healthcare, GE Healthcare and Qualcomm Life, Inc.  Industry players are leveraging the potential IoT system as a customer-centric transformation to maintain a competitive advantage in the market.
 

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