Healthcare Internet of Things Market Worth $322.2 Billion by 2025, Says Meticulous Research®

The global healthcare IoT technologies market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025

​​​According to this latest publication from Meticulous Research®, the global healthcare IoT market is expected to grow at a CAGR of 29.9% to reach $322.2 billion by 2025. The overall growth in the healthcare IoT market is driven by factors such as increasing number of digital health initiatives from governments across the globe, increasing need to reduce the cost of healthcare, rising focus on patient centric care delivery, and increasing penetration of smartphones and high-speed networking and connectivity solutions.

An IoT system comprises of multiple front-end and back-end components. Back-end components include systems and software, and connectivity technologies; whereas the front-end components include internet-enabled medical devices that perform the primary task of collecting patient information.

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IoT-enabled medical devices dominated the healthcare IoT market in 2018. Increasing demand for different connected medical devices in home care or non-hospital treatment practices, and innovation from industry players driving influx of number of advanced IoT-enabled medical devices into the market are some of the key factors contributing to the growth of this market segment. Imaging systems and vital signs monitoring systems that are widely used in hospitals and care delivery centers are the key market segments, accounting for nearly half of the IoT-enabled medical devices market in 2018.

Telemedicine accounts for the largest application market for healthcare IoT technologies. The growth in this market is mainly driven by increasing penetration of telemedicine in healthcare infrastructure of many countries, increasing demand for healthcare services in the light of growing geriatric population, growing penetration of home healthcare, and increasing need to improve accessibility of healthcare services in remote locations. As healthcare systems across the globe are aiming to improve the efficiency of healthcare delivery and minimize the cost of healthcare by reducing the hospital stays, the demand for telemedicine solutions is expected to grow in the coming years, thereby driving the growth of IoT technologies.

Geographically, North America accounted for the largest share of the global healthcare IoT market in 2018, followed by Europe and Asia-Pacific regions. The large share of this region is mainly attributed to the greater adoption of connected medical devices in the country and government initiatives that have supported digitization of the healthcare systems. However, the APAC region is expected to grow at a fastest CAGR owing to growing smartphone penetration, widening internet connectivity and high-speed networks, need to manage growing burden of chronic diseases on healthcare providers, and government efforts to improve accessibility of healthcare services to remote locations.

Some of the key players operating in the global healthcare IoT technologies (IoT platforms and connectivity technologies) include Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Qualcomm Life, Inc.  (U.S.), Honeywell Life Care Solutions (U.S.); whereas, the leading players offering IoT-enabled medical devices include GE Healthcare (US), Siemens Healthineers (Germany), Medtronic (US), Philips (Netherlands), Honeywell Life Care Solutions (US), Boston Scientific (US), Johnson & Johnson (US), BIOTRONIK Germany), Omron (Japan), AgaMatrix (US), STANLEY Healthcare (US), AliveCor (US), iHealth Lab (US), and Welch Allyn (US).

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Key Topics Covered in This Report:​
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Industry Overview
6 Global Healthcare IoT Market, by Component
7 Global Healthcare IoT Market, by Application
8 Global Healthcare IoT Market, by End User
9 Healthcare IoT Market, by Geography
10 Competitive Outlook
11 Company Profiles (Business Overview, Financial Overview, Product Offering, Recent Strategic Developments)
11.1. Medical Device Manufacturers
          11.1.1 Medtronic​
          11.1.2 GE Healthcare​
          11.1.3 Philips Healthcare (Philips)
          11.1.4 Siemens Ag
          11.1.5 Abbott Laboratories
          11.1.6 Boston Scientific
          11.1.7 Honeywell Life Care Solutions
11.2. Technology Providers
          11.2.1 Intel Corporation
          11.2.2 International Business Machines Corporation
          11.2.3 Microsoft Corporation
          11.2.4 Cisco Systems Inc.
           11.2.5 SAP SE
12 Appendix
12.1. Questionnaire
12.2. Available Customization

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Contact Info:

Khushal Bombe​
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)

Source: Meticulous Market Research Pvt. Ltd.


Categories: Healthcare and Medical Informatics

Tags: Business, Healthcare News, Market research

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