The IoT in healthcare market is expected to grow from USD 32.47 billion in 2015 to USD 163.24 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 38.1% from 2015 to 2020.
Digital transformation helps enterprises improve operational performance, efficiency, and business process. It involves the utilization of digital technologies, such as mobility, analytics, and social media. Currently, Internet of Things (IoT) is at the center stage of the digital transformation. It is capable of gathering data from multiple sources, allowing M2M communication, and conveying appropriate data to the end users for efficient operations.
The primary growth drivers for the IoT in healthcare market include demand for reduced cost of patient care, improved healthcare outcomes, and evolution of high speed networking technologies. The IoT-based technology solutions enable the healthcare organizations to increase the quality of healthcare services and improve patient experience through continued patient engagement and remote monitoring in real-time. Innovation in next generation sensors also acts as a driving factor in the IoT healthcare market. However, insufficient IoT technology skills across healthcare organizations is a major growth restraint faced by the healthcare industry.
- Cerner Corporation
- Cisco Systems Inc.
- Diabetizer GmbH & Co. Kg
- GE Healthcare
- Honeywell Life Care Solutions
- IBM Corporation
- Medtronic PLC
- Microsoft Corporation
- Proteus Digital Health, Inc.
- Qualcomm Life, Inc.
- Royal Philips
- SAP SE
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT Healthcare Market, By Component
8 IoT Healthcare Market, By Application
9 IoT Healthcare Market, By Connectivity Technology
10 IoT Healthcare Market, By End User
11 Geographic Analysis
12 Competitive Landscape (Vendor Dive)
13 Company Profiles
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