internet of things in healthcare market analysis by p&s market research
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GLOBAL INDUSTRY INSIGHT: Global Internet of Things (IoT) in Healthcare Market Analysis,
Development and Demand Forecast to 2020
Global Internet of Things (IoT) in Healthcare Market Expected to Grow with
38% CAGR During 2015 – 2020
The global IoT in Healthcare market was valued at $24,666.7 million in 2014, and it is expected to
grow with a CAGR of 37.6% during 2015 - 2020. Among the various components, the system and
software segment is expected to witness the fastest growth during the forecast period, with a
CAGR of 40.7%. The global IoT in healthcare market is growing at a significant rate, due to
increasing demand for advanced healthcare information system, and growing prevalence of chronic
and lifestyle associated diseases. In addition, the growing need for remote patient monitoring
services, increasing demand of mHealth technologies, and increasing support from government
organizations are also driving the growth of the global IoT in healthcare market.
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The information and data in the publication “Global IoT in Healthcare Market Size, Share,
Development, Growth and Demand Forecast to 2020” represent the research and analysis of
data from various primary and secondary sources. The bottom-top approach has been used to
calculate the global market size by type and drugs. The market numbers for countries are obtained
through top-down approach. P&S Market Research analysts and consultants interacted with the
authorities from leading companies of the concerned domain, to substantiate every value of data
presented in this report. The company bases its primary research on discussions with prominent
professionals and analysts in the industry, which is followed by informed and detailed, online and
offline research.
The IoT applications in healthcare, such as telemedicine, medication management, clinical
operations and workflow management, inpatient monitoring, helps in compiling services related to
diagnosis, treatment, care, and rehabilitation. It improves communication between patients and
healthcare providers, to reduce medication errors and provide better coordinated care.
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things-in-healthcare-market/report-sample
According to the World Health Organization (WHO), 9.6 million people were diagnosed with
tuberculosis and 1.5 million died due to the disease in 2014. Similarly, according to the WHO,
globally 130 million to 150 million people had chronic hepatitis C infection in 2014. Moreover,
according to the WHO in 2014, 1.2 million people died from HIV related causes globally and 2
million people were newly infected with HIV.
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Global Internet of Things (IoT) in Healthcare Market Expected to Grow with
38% CAGR During 2015 – 2020
However, lack of security; insufficient memory, computational and energy limitations; and
inadequate healthcare infrastructure in developing economies are inhibiting the growth of the
market. The increasing number of collaboration and partnerships, growing number of product
launches and increasing popularity of IoT healthcare devices are the major trends observed in the
global IoT in healthcare market.
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Geographically, North America dominated the global market of IoT in healthcare in 2014; whereas
the Asian market is expected to witness the fastest growth, a CAGR of 41.6%, during the forecast
period.
Some of the key companies operating in the global IoT in healthcare market include Medtronic Plc., Koninklijke Philips N.V., General Electric Company, Qualcomm Incorporated, Honeywell Life Care Solutions, SAP SE, Stanley Black & Decker Inc., International Business Machine (IBM) Corporation, Microsoft Corporation, Cerner Corporation, Diabetizer Ltd. & Co. KG, Proteus Digital Health Inc., AdhereTech Inc., and fPhysIQ, Inc.
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Global Internet of Things (IoT) in Healthcare Market Expected to Grow with
38% CAGR During 2015 – 2020
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