IoT in Healthcare Market Analysis, Research and Trends Report by 2024
IoT healthcare market size has been projected to witness notable growth prospects owing to the robust developments in healthcare infrastructure. Increasing prevalence of chronic diseases across the globe coupled with rising expansion of digitalization in the healthcare sector will drive the market growth over the next few years.
Global market size is expected to surpass USD 10 billion by 2024. Several hospitals and regional governments are taking initiatives to deploy IoT across healthcare applications, due to increase in the requirement for communication and mobility in medical care. Smart wearables have now become common, which are increasingly being explored by healthcare companies and organizations to gather and analyze vital patient data.
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Managed service segment in IoT healthcare market is projected to grow substantially over the estimated timeline. Numerous companies are broadening their reach into the healthcare sector and aiding to support digital solutions that enhance the quality of care and patient experience. With the deployment of the technological solutions and integration of several advanced systems the healthcare department is evolving at a rapid pace.
AI-enabled medical devices and enhancement in the support & maintenance services offered to users will help in optimizing patient outcomes as well as be beneficial to users in terms of reducing risk in business operations. Moreover, the wide usage of such services helps in lowering of total cost of ownership and secure the valuable resources of the firm to focus more on core competencies.
Various healthcare companies are increasingly focusing on producing advanced wearable devices such as fitness trackers to monitor, diagnose, and prevent future illnesses. Reports estimate that wearable has been seen to bring down the healthcare costs and assists with the early diagnosis of a patient's health condition, which would also help in easier treatment.
Smart wearable devices analyze real-time data and use it to improve the efficiency of the users resulting in the occurrence of fewer errors. Major players in the healthcare sector are now venturing into integrating smart wearable technology on a large scale due to notable benefits it can deliver to customers. Adoption of such advanced technological solutions is on the rise and offers substantial growth opportunities to the industry.
Major players operating in IoT healthcare the market include IBM Corporation, Cisco Systems Inc., General Electric, Microsoft Corporation and Honeywell International Inc, SAP SE
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Table of Content
Chapter 4. IoT Healthcare Market, By Platform
4.1. Global IoT healthcare market share by platform, 2016 & 2024
4.2. Network management
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Device management
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Application management
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. IoT Healthcare Market, By Technology
5.1. Global IoT healthcare market share by technology, 2016 & 2024
5.2. Sensor
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. RFID
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Connectivity technology
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 - 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
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