DUBLIN--(BUSINESS WIRE)--The "Massive Machine Type Communication in Healthcare Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
With the rapid penetration of advanced technology and embedded devices, healthcare is undergoing an expeditious transformation toward a distributed, patient-centric approach, accommodating the need for faster, accurate, and real-time response solutions.
Healthcare devices are currently running on existing technologies, such as Wi-Fi, Bluetooth, and low-power technologies, but as the market matures, the need for connectivity to various devices will fuel the growth of massive machine type communication.
Companies Mentioned
- Telefonaktiebolaget LM Ericsson
- Nokia Corporation
- Cisco Systems Inc.
- Panasonic Corporation
- Koninklijke Philips NV
- Huawei Technologies Co. Ltd
- Telecom Italia (TIM SpA)
- Qualcomm Incorporated
- Intel Corporation
Key Market Trends
Wireless Machine Holds the Dominant Position in the Massive Machine Type Communication in Healthcare Market
Health condition monitoring is particularly important in chronic conditions hence, continuous monitoring and recording of signals through wearable provides a realistic view of the patient's health condition. Low power wearable also prevents patients daily visit to the clinical center for regular checkups and enable to track blood pressure, pulse rates, temperature, and HRR, etc. In the future, devices are expected to be connected to the wireless ecosystem and will transmit data automatically to the application server, via the M2M network, and enable the doctors to track the patient's health conditions remotely.
Wireless transmission through the devices improves patient's mobility and provides an opportunity to monitor outside the health organizations. It will also act as a lifesaver by monitoring the patient's condition in real-time and in case of an emergency the information from sensors can be communicated to the nearby hospitals.
Medical transportation vehicles are challenging and can cost a life due to missed or delayed arrival because of lesser experienced or unavailability of driver. Hence, there is the desire in the healthcare industry for a unique solution to deliver patient on time. Autonomous vehicle (Ambulance) in future could be employed by the hospitals to delivery patient. Currently, companies are investing to research and develop methods for patient delivery through autonomous vehicles. For instance, seven major cities around the world (four in the United States) are participating in the Bloomberg Aspen Initiative (a collaboration between Bloomberg Philanthropies and The Aspen Institute) to research and develop the means for promoting AV patient delivery.
North America holds the Dominant Position in the Massive Machine Type Communication in Healthcare Market
North America is expected to be the highest revenue contributor to the market, by 2025, due to an increase in the health-conscious customer base and investments in R&D of technologies and devices, to remotely provide expert medical treatment.
Next-generation 5G systems that are designed to provide wireless connectivity for massive machine-type communications (mMTC) and to support ultra-reliable, low latency communication (URLLC) are also driving the market in North America. Many hospitals are investing on equipment's and technologies to improve clinical outcomes and enhance patient safety. For instance, Saratoga Hospital in Saratoga Springs, New York, is ultilizing Philips' IntelliVue Guardian Solution patient monitoring technology, and has reduced 63% of the cases being transferred to the intensive care units.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Insights
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
5 Market Dynamics
5.1 Market Drivers
5.1.1 Augmented Demand for a Better Healthcare Connectivity Experience
5.1.2 Emergence of 5G Complementing Healthcare IoT
5.2 Market Challenges
5.2.1 Huge Initial Capital Investment Involved in Developing 5G Infrastructure
5.2.2 Security and Privacy of Patient's Data
5.3 Industry Value Chain Analysis
6 Market Segmentation
6.1 By Communication Channel Type
6.1.1 Wired
6.1.2 Wireless
6.2 By Application (Qualitative Trend Analysis)
6.2.1 Equipment Management
6.2.2 Remote Monitoring
6.2.3 Medical diagnostic
6.2.4 Others Applications
6.3 By Region
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Rest of the World
7 Competitive Intelligence
8 Investment Analysis
9 Future of The Market
For more information about this report visit https://www.researchandmarkets.com/r/4lim9k
