Global Internet Of Things Iot In Healthcare Market Size 2024, Forecast To 2033
11 Mar, 2024
The internet of things (iot) in healthcare market size has grown exponentially in recent years. It will grow from $188.23 billion in 2023 to $229.44 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to economic growth in emerging markets, rising prevalence of chronic diseases, and increase in internet penetration. The internet of things (iot) in healthcare market size is expected to see exponential growth in the next few years. It will grow to $481.64 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to increasing adoption of smart devices and wearables in healthcare, increase in geriatric population and growing adoption of digital transformation in healthcare. Major trends in the forecast period include technological advancements, use of telemedicine, edge computing technology, adoption of real time health monitoring system, product launch, and partnerships and collaborations.
Global Internet Of Things IoT In Healthcare Market Key Driver
The growing adoption of digital transformation is anticipated to contribute to the growth of the Internet of Things (IoT) in the healthcare market. Digital transformation in the healthcare industry involves leveraging various technologies and digital care programs to enhance patient care. The increased use of technologies such as artificial intelligence in healthcare has accelerated digital transformation efforts. Notably, 81% of healthcare executives report an accelerating pace of digital transformation within their organizations. Initiatives like the KidsX Accelerator program aim to fuel digital health solutions in pediatrics. According to the India Brand Equity Foundation, the Indian digital healthcare market is projected to reach $485.43 billion by 2024. The growing adoption of digital transformation in healthcare is expected to drive the growth of the IoT in the healthcare market, with market sizes in 2023, 2024, and 2028 providing essential insights into industry evolution.
Get A Free Sample Of The Global Internet Of Things IoT In Healthcare Market ReportGlobal Internet Of Things IoT In Healthcare Market Segments
The internet of things (iot) in healthcare market covered in this report is segmented –
1) By Component: Medical Devices, Systems and Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Near Field Communications, Satellite, Bluetooth, Zigbee
3) By Application: Telemedicine, Clinical Operations and Workflow Management, Inpatient Monitoring, Medication Management, Connected Imaging, Other Applications
4) By End Users: Clinical Research Organizations, Government Institutions, Research and Diagnostic Laboratories, Hospitals and Clinics, Other End Users
By Geography:The regions covered in the internet of things (iot) in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the internet of things (IoT) in healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (iot) in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Internet Of Things IoT In Healthcare Industry Players
IBM Corporation, Microsoft Corporation, Koninklijke Philips N.V, GE Healthcare, Cisco Systems Inc., SAP SE, Medtronic PLC, Siemens Healthiness GmbH, Intel Corporation, Comarch, Lenovo Healthcare Information Technology, China Unicom Ltd., MyrIoTa, NTT Communications, HCL technologies Harbinger system, Aeron Systems, FuGenX Technologies Pvt. Ltd, Fuji Electric Systems Co., Ltd, Mediatek Inc., Huawei, Telkom Indonesia, Xiaomi Inc., Apteki+, Insilico Medicine, Gero, Alibaba Group Holding Ltd., Bioserenity, Orange Business Services, Robert Bosch GmbH Singtel, Infineon Technologies, BIoTronik, Coimbra Genomics, Doctoralia, Emperra, Exovite, Genexyx, NeurNation, Psious, Px Healthcare, TrialReach, XtremeVRI, Skin Analytics, Babylon Health, Cambridge Cognition, DeepMind Technologies, BenevolentAI, Renalytix AI, Exscientia, Iktos, Novartis, Care Mentor AI, MediSensum, Botkin, Ardigen, Hill-Rom Services, Inc., Oracle Corporation, Altizon Systems, Qualcomm Technologies Inc, Fire Eye Inc., STANLEY Healthcare, TeleMD, Webiomed, Senseonics Holdings Inc, TeleTracking Technologies Inc, Honeywell Lifecare Solutions, Deep Genomics, Cyclica, Boston Scientific Corporation, Health Care Originals, Dacadoo, Healthbank, SilverCloud, Diagnocat, Hewlett Packard Enterprise UAE, Nutrino.
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Internet Of Things IoT In Healthcare Market Overview
The internet of things (IoT) in healthcare refers to a solution that combines wireless communication, sensing and positioning technologies, the cloud, and data and security services to provide improved preventative healthcare as well as the diagnosis, cure, treatment, and monitoring of health conditions. IoT in healthcare helps in the remote monitoring of the patients to smart sensors integration into medical devices by keeping the patients safe and healthy and helps the physician to deliver proper care to the patients.
Internet Of Things IoT In Healthcare Global Market Report 2023 provides data on the global internet of things iot in healthcare market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The internet of things iot in healthcare market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.