Iot Healthcare Market is projected to Rise at a 30.76% CAGR Value from 2014 to 2023

2024-04-16 08:51:10 Industry

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A research study titled, “Iot Healthcare Market by component, application and end user- global industry analysis and forecast to 2023” published by crystal market research.

Competitive Analysis:
The leading players in the market are Microsoft, Wipro GE Healthcare Pvt Ltd, IBM, Cisco Systems, STANLEY Healthcare, Medtronic, SAP SE and Honeywell Life Care Solutions.
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Industry Outlook & Trend Analysis:
The IoT Healthcare market was worth USD 18.49 billion in 2014 and is expected to reach approximately USD 206.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 30.76% during the forecast period. The rising investments in order to execute healthcare IoT arrangements, usage of IoT solutions for the lessening in the cost of care, development of artificial intelligence technology, and the expanding infiltration of connected devices in the healthcare sector are a the key factors anticipated that would drive the IoT healthcare market overall locales.

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The IoT Healthcare market is segmented as follows
By Component:
Service
Medical Devices
Systems & Software

By Application:
Inpatient Monitoring
Medication Management
Telemedicine
Clinical Operations and Workflow Management
Connected Imaging
Others

By End User:
Clinical Research Organizations (CRO)
Government and Defense Institutions
Hospitals, Surgical Centers, and Clinics
Research and Diagnostic Laboratories

By Region
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

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Application Outlook and Trend Analysis
In terms of application, the telemedicine fragment is foreseen to represent the biggest share of the IoT social insurance market in 2017. Telemedicine empowers the trade and exchange of therapeutic data starting with one site then onto the next by means of media transmission framework to enhance, maintain, or help with giving data about the medical status of a patient. The development of this section is credited to the expanded effectiveness of procedures and accommodation for patients, while curbing hospital stays.

Regional Outlook & Trend Analysis
North America is foreseen to be the biggest income generating area for the IoT healthcare market in 2017. These is majorly because of the early implementation of cutting edge IoT healthcare software and services, increasing adoption of advanced phones, high innovative awareness, and ascend in investments and different activities in the human services area by governments, particularly in the developed economies of North America. The Asia-Pacific district is anticipated to be the quickest developing local market for IoT social insurance.

List of Tables:
Table: Global IoT Healthcare Market, By Component, 2014-2023($Million)
Table: Medical Devices Market, By Region, 2014-2023($Million)
Table: Systems & Software Market, By Region, 2014-2023($Million)
Table: Service Market, By Region, 2014-2023($Million)
Table: Global IoT Healthcare Market, By Application, 2014-2023($Million)
Table: Telemedicine Market, By Component, 2014-2023($Million)
Table: Clinical Operations and Workflow Management Market, By Region, 2014-2023($Million)

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