The global healthcare Internet of Things market is projected to reach US $ 147.8 billion in 2021 and US $ 480.7 billion in 2030 . It is expected to grow at an average annual growth rate (CAGR) of 14%.
In the Internet of Things, physical devices exchange data over the Internet connection. In the healthcare industry, individuals use the Internet of Things. We collect, analyze, and monitor electronic medical records, including identifiable information, protected medical information, and other types of machine-generated healthcare data. It can also reduce the burden on the person. The Internet of Things (IoT) enables remote monitoring in the healthcare field, enabling doctors to provide superior care while maintaining the safety and health of their patients. increase.
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Factors Affecting Market Growth
Market Growth : Technological Advances and (COPD) Chronic Inflammatory Pulmonary Diseases, Hereditary Diseases, Respiration Increasing prevalence of chronic illnesses such as organ disease, increased access to the high-speed Internet, and favorable government regulations are driving the growth of the Internet of Things Internet in the healthcare market.
Market threats : High costs associated with Internet of Things (IoT) infrastructure development, privacy and security concerns, lack of public awareness in developing regions, low technical expertise, etc. will slow market growth.
Market promotion . Power : Increasing demand for effective treatment and disease management, adoption of smart devices, interest in self-health measurement, medical cost reduction through the introduction of advanced and cost-effective Internet of Things (IoT) solutions to healthcare In addition, the growing interest in the Internet of Things (IoT) in the entire healthcare market by start-ups is likely to drive the market as a whole.
Impact analysis of COVID-19
With the outbreak of COVID-19, (IoT) Internet of Things healthcare providers are urging the development of solutions to meet the growing demand for quality services for this disease. The outbreak of COVID-19 is rapid. It is expanding and affecting the entire medical system, including pharmaceutical companies, drug makers, vaccine developers, medical insurers, hospitals, etc. During this time, remote medical care, remote patient monitoring, and interactive medical care have become widespread along with inpatient monitoring. COVID-19 has had a positive impact on market growth.
The Internet of Things in the healthcare market in 2021 has gained a large share of North America and this trend will continue. It is likely to continue. Meanwhile, the Asia-Pacific region will grow at the highest annual average growth rate (CAGR) during the forecast period
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List of major players profiled on the Internet of Things Global Things in the healthcare market
- Apple Incorporated
- Cisco Systems Incorporated
- GE Healthcare Limited
- Google (Alphabet)
- International Business Machines Corporation
- Medtronic PLC
- Microsoft Corporation
- Proteus Digital Health
- Koninklijke Philips NV
- QUALCOMM Incorporated
- Abbot Laboratories
- Other Prominent Players
The Internet of Things market in healthcare worldwide is segmented with a focus on components, applications, end users, and regions.
- Embedded sensor device
- Wearable sensor device
- Other sensor devices
- Network layer
- Database layer
- Analysis layer
- Architecture (system integration)
- Application development (support / maintenance)
- Patient monitoring
- Clinical operation and workflow optimization
- Clinical image
- Fitness and wellness measurement
- Drug development
- Health care workers
- Medical expenses bearer
- Laboratory (Bio / Pharma)
- Government agency
- Other Western European countries
- Other Eastern European countries
- Australia / New Zealand
- Association of Southeast Asian Nations
- Other Asia Pacific regions
Middle East / Africa (MEA)
United Arab Emirates (UAE)
- Saudi Arabia
- South Africa
- Other Middle East / Africa regions
- Other South American regions
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