Global Internet Of Things In Healthcare Market Was Worth $40.861 Billion & is Projected To Reach A Value of USD 243.782 Billion By 2023
Mar 13, 2018
This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Internet Of Things In Healthcare Market.
Dallas, United States - March 13, 2018 /MarketersMedia/ —
In 2017, the Global Internet Of Things In Healthcare Market Was Worth USD 40.861 Billion And Is Projected To Reach A Value Of USD 243.782 Billion By 2023, Registering A CAGR Of 33.8% During 2018-2023 (the forecast period).The scope of this report is limited to the solutions that are offered by the major market players, which includes providers of software, hardware, and services. The regions considered in the scope of this report include North America, Europe, and various others, with respective country-wise analysis. Apart from this, the report also discusses communication and network technologies that are used in the market. Also, the study emphasizes on how the emergence of big data and growing adoption of IoT in healthcare is driving the market growth.
Of all the industries, healthcare is expected to be the most beneficial and impactful one when it comes to adopting the concept of IoT. As the technology continues to evolve, internet of things in the healthcare market is likely to grow at an impressive rate, as it could be highly useful in improving the current healthcare setup. Integrating IoT features into medical devices improves the quality and effectiveness of service, which is beneficial, specifically for the elderly patients with chronic conditions and the ones requiring constant supervision. Moreover, by 2025, spending on the healthcare IoT solutions is likely cross the trillion dollar mark and hopefully, set the stage for highly personalized, accessible, and on-time healthcare services for everyone. However, these solutions and various end user cases are just the beginning and far from omnipresent. More advanced and streamlined approaches, within the scope of the digital transformation of healthcare, are expected to be used with regards to health data aspects, where IoT plays an increasing role, as it does in specific applications, such as smart pills, smart home care, personal healthcare, robotics, and Real-Time Health Systems (RTHS).
Download PDF Sample of Internet of Things in Healthcare Market@ http://orbisresearch.com/contacts/request-sample/2095206
Emergence of Big Data and Technological Advancements to Drive the Market
With the rapid adoption of technological solutions in healthcare, such as connected devices and services, a person can now book an appointment online as well as can view his/her report online on a real-time basis. With an interconnected and secured database, medical records are easily available to concerned healthcare professionals and physicians, while reducing multiple form fill-ups at the consumer end. It also helps doctors by increasing operational efficiency as they can carry all the information of a patient in their smart devices and can view from anywhere irrespective of the locations. Moreover, through real-time data, errors can be reduced. Apart from this, through connected healthcare services, resources can be optimized by providing enhanced, secure, and cost-effective solutions for consumers, to facilitate better engagement between clinicians and patients.
Hardware to witness the Highest Market Share
Hardware is the largest adopter of IoT technology, as it offers several advantages not only to the end consumer of healthcare services, but also to medical device manufacturers. While patients can gain the most from personalized healthcare and proactive medical treatments, the manufacturers are expected to be benefited by monitoring usage and error patterns of the medical devices. Moreover, IoT-enabled medical machines are likely to not only restructure the healthcare delivery value chain, but also transform the way manufacturers perform lifecycle management and aftermarket support for medical devices. Also, by the end of 2020, about 50 billion of these IoT devices are estimated to be connected wirelessly.
Browse Full Report with TOC: http://orbisresearch.com/reports/index/global-internet-of-things-in-healthcare-market-analysis-of-growth-trends-and-forecasts-2018-2023
Asia Pacific to Show the Highest Growth Rate
Asia-Pacific is expected to witness the highest growth rate, owing to the initiative taken by the governments to provide healthcare access to its population. The Philippines nearly doubled its budget within the last two years. It provides a strong foundation, where investments into new healthcare practices are made possible. Singapore is sprinting toward the goalpost of being the world’s first Smart Nation. In this country, e-health is taking center stage and rapidly becoming one of the top verticals that are leveraging technology for a better tomorrow. Earlier in 2016, the government unveiled a USD 19 billion plan to support its R&D efforts over the next five years, indicating an 18% increase from last year’s budget. Fuelled by these robust investments, the nation-state has some of the region’s strongest and most advanced infrastructure frameworks and is a home to many of the fastest growing local, regional, and global healthcare establishments, placing it at the forefront of digital transformation.
Key Developments in the Market
• November 2017 - Amazon Web Services announced solutions related to healthcare IoT, data management, and cloud computing. The company said that the rapid growth of healthcare IoT devices calls for tools that will allow IT staff to quickly onboard and manage new connected devices. AWS’ tools give IoT devices extended capabilities so they can be managed, secured, and analyzed to benefit healthcare providers.
• October 2017 - Intel announced the launch of its Health Application Platform (Intel HAP), an application software platform designed to be used by the remote care solution providers, to enable a variety of remote healthcare usage models. Remote patient care comprises of a variety of care modalities that are provided to patients outside clinical settings.
• February 2017 - VMware and VizExplorer partnered to deliver integrated IoT solutions. VizExplorer(R) technology integrated with VMware IoT solutions to provide industry-specific IoT management, security, and analytics, starting with healthcare.
Major Players: IBM CORPORATION, INTEL CORPORATION, ERICSSON AB, KONINKLIJKE PHILIPS NV, PROTEUS DIGITAL HEALTH, CISCO SYSTEMS INC., MICROSOFT CORPORATION, GE HEALTHCARE, QUALCOMM TECHNOLOGIES INC., VMWARE INC., VODAFONE GROUP PLC, others.
Place Purchase Order for this Report@ http://orbisresearch.com/contact/purchase/2095206
Reasons to Purchase this Report
• The increasing rate of adoption of IoT in the healthcare sector
• The various market perspectives, with the help of Porter’s five forces analysis
• The components and applications expected to dominate the market, Continued…
TOC:
1. Introduction
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot, Continued…
Contact Info:
Name: Hector Costello
Email: [email protected]
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600
Phone: +1 (214) 884-6817
For more information, please visit http://orbisresearch.com/reports/index/global-internet-of-things-in-healthcare-market-analysis-of-growth-trends-and-forecasts-2018-2023
Source: MarketersMedia
Release ID: 312970
More News
Sydney Southwest Metro opening LIVE updates: Relief for commuters as mega rail project’s final stage opens after two years of disruptions
For commuters who have endured pink replacement buses for tyears, the opening of the final stretch between Sydenham and Bankstown could not come soon enough. Follow live.
Carney says Cleveland-Cliffs making ‘mistake’ by not respecting obligations
Prime Minister Mark Carney said Thursday that Cleveland-Cliffs' would be making a "mistake" by not respecting its obligations and commitments after it began laying off workers.
California man who allegedly beat elderly woman with bat captured in Oklahoma
Erik Navarro, 26, was taken into custody by San Bernardino County Sheriff's detectives Monday and booked on suspicion of robbery, causing injury to an elder, assault with a deadly weapon, aggravated battery and destruction of a wireless communication device.
'Mountain of evidence' ICE agents discriminated against Latinos, judge says
Citing agents' own testimony and body-camera footage, U.S. District Judge Maame Ewusi-Mensah Frimpong found evidence of an unwritten policy targeting people who are Latino or appear to be and are working-class.
Manhunt continues for convicted murderer who escaped from Tennessee prison
Jacob Morley 'breached the perimeter fence and exited the facility' in his Tennessee Department of Correction uniform on Sunday, according to police.
Dark and stormy weather coming to SoCal, just in time for Halloween
Forecasters are calling for a dark and stormy Halloween in the Los Angeles area, with rain expected Friday through Sunday.
Hong Kong’s John Lee apologises for Tai Po fire, unveils reforms as housing chief resigns
Hong Kong’s leader has apologised for last year’s deadly Tai Po fire, vowing extensive civil service and legislative reforms and an overhaul of government departments as his housing chief Winnie Ho Wing-yin resigned to offer political accountability. A grim-faced Chief Executive John Lee Ka-chiu and seven other top officials bowed their heads in apology on Thursday at the start of a press briefing, the first time his administration had directly expressed regret since the blaze on November 26 at...
U.S. GDP Increased 3.4% in Third Quarter
The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.
US bans Chinese labs from testing electronics ahead of Trump-Xi meeting
The United States on Thursday banned all Chinese laboratories from testing electronic devices destined for the US market, just weeks before US President Donald Trump is due to meet Chinese leader Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in Shenzhen. The Federal Communications Commission (FCC) voted to bar testing laboratories and certification bodies in China and other economies that lack a “mutual recognition agreement” or reciprocal trade agreement with the...
Hayden Panettiere’s death ruled accidental, police close investigation
The conclusion of the police investigation comes about a month after the Greenville County Coroner’s Office said the actor died from the toxic effects of fentanyl and other drugs.
'What are you doing?': Marnus in bizarre stump mic moment
Marnus Labuschagne can be heard questioning Travis Head as he checks on Marques Ackerman.
China tests powerful AI that could one day be used on submarines
China has showcased artificial intelligence (AI) technology alongside 7,000-metre (23,000-feet) deep-sea trials of its upgraded Jiaolong submersible, highlighting the potential for similar systems to support decision-making and emergency responses aboard nuclear-powered submarines. The Chinese crewed submersible reached a maximum depth of 7,056.9 metres during three dives in the Philippine Basin in the western Pacific Ocean, according to state news agency Xinhua on October 27. The trials...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.