Internet of Things refers to ubiquitous network of
interconnected objects capable of information storage and exchange through the
use of embedded sensors, actuators, and other devices. The IoT is a
revolutionary technology which facilitates data-driven decision making by
monitoring and managing objects in real-time.
The proliferation of IoT in healthcare segment in
anticipated witnessing surge in demand with use of technologically advanced
medical devices. Adoption of IoT services in healthcare leads to introduction
of technologically advanced connected medical devices which help in remote
patient monitoring and clinical care in general. Furthermore, it provides new
possibilities for personalized healthcare with the use of leading healthcare
applications such as Health tracker apps, Healthcare wearable, Telemonitoring
and smarthomes, Electronic health records, etc.
IoT Healthcare market can be broadly divided into three
components - Medical devices, Systems & software, and Services. Software
& system segment dominates global IoT Healthcare market. Some of the
leading technologies facilitating integration of IoT in healthcare domain that
are covered in the report are RFID, mHealth, Telemedicine and Bluetooth Low
Energy. Extensive coverage on actual and forecasted market analysis of IoT
Healthcare, its components and technologies are provided in the report.
Growth of the market is fueled by increasing prevalence of
chronic diseases, rising number of geriatric population globally and higher
efficiency provided by use of IoT in healthcare. Other factors such as
availability of high speed internet and favorable government regulatory
policies are also expected to boost market growth. However, certain limitations
of IoT in healthcare segment poses challenge to growth of the industry. Some of
these are lack of interoperability, privacy and security concerns and lack of
regulatory oversight.
The report also covers section on major trends and industry
developments in recent years which influences industry dynamics. Companies
operating in the segment, both medical device manufacturers and IT companies
are developing innovative products and services such as, Cognitive solution to
diabetes management by Medtronic and IBM, Medical data exchange by Cisco and
Philips Medical dispensing service, amongst others.
The report highlights key players operating in IoT
healthcare market. These include Medtronic PLC, GE Healthcare and Philips
Healthcare. These players have been profiled based on attributes such as
business overview, product segments, financial and business strategies. It also
compiles performance comparison of aforementioned companies and other leading
companies in the segment based on various parameters in the competitive
landscape section. The report includes relevant information which can be
fruitful for clients in evaluating opportunities in global IoT healthcare
market.
Spanning over 63 pages, 7 Tables and 23
Figures “Global
Internet of Things (IoT) Healthcare Market Outlook 2020” report covers Executive
Summary, Research Methodology, Internet of Things, IoT Healthcare Industry,
Global IoT Healthcare Market Analysis, Global IoT Healthcare Market Segment
Analysis, Global IoT Healthcare Trends & Industry Developments, Global IoT
Healthcare Market Dynamics, Competitive Landscape, Company Profiles. This
report Covered Companies - GE Healthcare, Medtronic PLC, Philips Healthcare.
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