Internet of Things in Healthcare Market Synopsis

Internet of Things in Healthcare Market Size Was Valued at USD  52.12 Billion in 2023, and is Projected to Reach USD  314.37 Billion by 2032, Growing at a CAGR of 22.10% From 2024-2032.

The IoT in health would then involve the inclusion of those devices and systems that could collect, share, and analyze data related to health with an aim to continuously improve patient care, smooth medical processes, and, in general, enhance healthcare outcomes. These include wearable health monitors, intelligent medical equipment, and sensors that are connected; these permit real-time observation of patients according to their vital signs, consultation from a distance, and support for personalized treatment plans. These transformations have been able to empower healthcare professionals with the power of IoT technology through enlightening insights, optimization of resources, and timely responses to the needs of their patients.

  • The IoT in the healthcare market has been on a rapid growth and transformation track, propelled by the increasing demand for its role in personalized and efficient management of patient care. Indeed, there are a lot of various connected devices included in IoT capable of collecting, transmitting, and analysis of health data that enables real-time monitoring and management of health conditions. Examples include wearable devices, systems for remote monitoring, and smart medical equipment. Each of these makes for a better-connected and responsive healthcare ecosystem. IoT in health has facilitated a constant and round strange monitoring of patients to ensure that in a case where there is an anomaly, solution can be quickly implemented. For example, smart clothing, fitness bracelets, and smart watches constantly track markers like pulse, blood pressure, and glucose levels during the day helping to oversee various forms of pathology, including chronic ones, and enhance the overall quality of life.
  • This is particularly helpful in the patient’s tracking especially those with chronic-arcane diseases or those who need to be monitored upon discharge from hospital. Such a remote monitoring device can monitor all patient vitals and send data to health providers in an effort to reduce the need for physical visits to a healthcare facility for checkups, allowing conditions of health to be managed further. This will not only enhance patient convenience but also ease the burden on healthcare facilities and professionals. The IoT applications will be innate in the case of smart infusion pumps, connected imaging systems, and automated medication dispensers-all contributing to enhanced precision in treatments and better resource management.
  • Further, big data analytics and artificial intelligence development have drawn increasing interest in driving the market development of IoT in healthcare. AI algorithms decipher the volumes of health information emanating from IoT devices to draw patterns and make predictions through actionable insight. Integration of AI with IoT further makes available personalized medicine in which treatments can be matched against a patient profile intimated by a set of real-time data. The use of IoT in healthcare, on the other hand, supports the idea of "smart hospitals" where operations are streamlined and patient safety is improved through some linked systems, thereby optimizing resources. Examples include smart hospital systems that track the usage of equipment in a unit, manage inventories, or ensure infection control practices.
  • IoT integration into health comes with its own share of challenges, among them the issues of data security and privacy. Since sensitive health information is stored and transmitted on varied platforms, it needs protection from breaches and unauthorized access. Compliance with the Health Insurance Portability and Accountability Act and General Data Protection Regulation will thus be an important factor to gain patient trust and protection of confidential information. Besides that, the integration of IoT devices requires solid infrastructure to support it, mostly implemented in a very complicated and costly interoperability of different systems.
  • Despite these challenges, the advantages of IoT in the healthcare field far outweigh the disadvantages. In view of enhancement of patient outcomes, reduction in healthcare costs, and better operational efficiency, IoT comes out to be a worthy constituent in the modern system of healthcare. Moreover, with every advancement in technology and steps taken regarding regulatory frameworks, the stage is set for further expansion of the IoT healthcare market, driving innovation, and transforming the way healthcare is delivered and managed.

Internet of Things in Healthcare Market Trend Analysis

Integration of Wearable Devices for Health Monitoring

  • Integration within the IoT in the healthcare market is something that's really forcing tremendous advances in health monitoring. Wearable devices, such as smartwatches and fitness trackers, contain sensors that can detect, on a continuous basis, health metrics of heart rate, physical activity, and even sleep patterns. Thus, such information is transmitted via IoT platforms to healthcare providers for real-time observation and timely detection of any abnormal condition. Since these devices will form part of the health care system, providers could manage more personalized and proactive healthcare services with ease, thus leading to better patient outcomes with reduced re-admission rates in hospitals. Additionally, IoT-enabled wearable devices facilitate the exchange of health information both ways between patients and health professionals.
  • This will further enhance the monitoring of chronic conditions and the management of patient care from a distance, which is important to people with perpetual health concerns. The integration also facilitates informed data-driven decisions and will possibly enhance resource utilization at health facilities. It is expected that with more advanced wearables and technological advancements, the IoT in healthcare will revolutionize the approach to health monitoring and management, creating new opportunities for improving public health in general.

Inhanced Patient Monitoring and Management

  • Application-based segmentation of the IoT in the healthcare market consists of Enhanced Patient Monitoring and Management, which is growing at a fast pace regarding technological advancement. The IoT-enabled devices and systems monitor patient vital signs such as heart rate, blood pressure, and glucose level in real time, which can be transmitted to healthcare providers in no time. This continuous stream of data offers better care for patients because it aids in the early detection of impending health complications, thereby reducing emergency room visits and/or hospital readmission. IoT integration in patient management will also further support remote patient monitoring, which is considered a main factor in managing chronic conditions and providing personalized care plans. This model contributes to improving patients' outcomes while optimizing resource utilization and reducing healthcare costs.
  • IoT in healthcare is also restructuring the way information management and decision-making are done. More fundamentally, it enables them to tap into massive pools of health information and thus make more aware decisions, besides developing predictive models for patient care. This new model of data-driven care enhances their capabilities to spot trends and patterns in patient health so that treatment is increasingly proactive and preventive. Furthermore, IoT devices enable connectivity to allow better coordination among healthcare professionals themselves for smoother and more efficient workflows. As the technology advances and gets cheaper, so will the adoption of IoT in healthcare increase, thereby further improving patient management and monitoring in various healthcare settings.

Internet of Things in Healthcare Market Segment Analysis:

Internet of Things in Healthcare Market Segmented based on  Component, Application, and End User.

By   Component, Services segment is expected to dominate the market during the forecast period

  • The IoT in the healthcare market broadly includes three segments: Devices, Software, and Services. Devices include wearables, implantable sensors, and other connected medical equipment for the measurement of patient health metrics in real time. Such devices produce valuable data used for continuous patient monitoring, predictive analytics, and personalized treatment. The increasing use of remote patient monitoring and telemedicine, along with advances in wearable technology, is driving the adoption of IoT devices in the healthcare segment. Additionally, the rise in chronic diseases and aging population fuels the growth of devices' segment by creating the need for continuous health monitoring and early detection of medical conditions.
  • Software As it is known, IoT devices have the capability to collect data; these data need to be managed, processed, and analyzed. It includes analytics platforms, interoperability solutions, and cybersecurity measures that ensure data integrity while maintaining patient privacy. Strong demands for IoT software solutions are increasing; after all, huge pressure lies in integrating with the existing healthcare mechanism smoothly. It is highly emphasized that decisions have to be made based on facts and figures. While Services comprise installation, consulting, training, and maintenance-all of which are necessary to guarantee the efficient running of IoT ecosystems in healthcare settings. This segment is growing owing to the growing adoption of IoT solutions among healthcare providers and the growing need for technical know-how to manage such a complex ecosystem with maximum efficacy. Together, these components are changing healthcare delivery by improving patient outcomes, reducing costs, and improving operational efficiency.

By Application , Patient Monitoring segment held the largest share in 2023

  • IoT in the healthcare market is revolutionizing various applications within the industry, which include telemedicine, patient monitoring, operations and workflow management, remote scanning, and sample management. Telemedicine is considered the fastest-growing application due to the advancement of connectivity and the growing demand for remote healthcare services. IoT-powered telemedicine platforms facilitate smooth communication between doctor and patient, diagnosis, and treatment from rural or underserved areas with ease. Another critical application is patient monitoring the continuous tracking of vital signs and health metrics by IoT devices-from wearable sensors and remote monitoring systems that provide real-time data to healthcare providers. Such applications enhance patient care by enabling proactive health management, timely interventions, and reduction of hospital readmissions.
  • Among others, operations and workflow management in hospitals and clinics benefit a great deal from IoT technology. Additionally, IoT-enabled devices and systems can enable scheduling, asset tracking, and resource management-easier, hence bringing in operational efficiency and cost reduction. Other key applications of IoT are in remote scanning and sample management . IoT-based remote scanning systems enable diagnostic accuracy and speed since the transmission of imaging data to specialists is almost without delay. IoT in sample management continuously monitors environmental conditions against the integrity of the biological samples, maintaining their respective optimum temperature and humidity levels. The mentioned applications put together show the transformative potential of IoT for improvement in healthcare delivery, patient outcomes, and operational efficiencies across the healthcare ecosystem.

Internet of Things in Healthcare Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America is expected to drive the IoT in the Healthcare Market during the forecast period, owing to several key factors. These are mainly due to well-established healthcare infrastructure in the region and high technology adoption rates. The US is fore-fronted, with huge investments expected from major healthcare institutions and technology companies in IoT solutions for betterment regarding patient care, monitoring, and data management. The strong focus on digitization in healthcare, along with government initiatives for the integration of IoT in medical settings, accelerates the growth of the market. Also, growing cases of chronic ailments and an aging population hike the adoption of IoT-based remote patient monitoring systems and, consequently, drive demand within the region.
  • Further, North America has a strong ecosystem comprising IoT service providers, software developers, and device manufacturers who are continuously innovating and delivering evolving requirements of healthcare providers and patients. Strategic partnerships, mergers, and acquisitions among major players like Medtronic, GE Healthcare, and IBM Watson Health enhance the overall set of capabilities and reach of IoT solutions in the market. The regulatory environment of the region also has a crucial role in driving the expansion of the market, being supportive toward digital health innovation but also focused on the privacy and security of patient data. This holistic approach to integrating IoT technologies within healthcare systems puts North America in the leading position for the IoT in Healthcare Market, and is expected to continue into the forecast period.

Active Key Players in the Internet of Things in Healthcare Market

  • Medtronic (Ireland)
  • GE Healthcare (United States)
  • Philips Healthcare (Netherlands)
  • IBM Corporation (United States)
  •  Cisco Systems (United States)
  • Siemens Healthineers (Germany)
  •  Microsoft Corporation (United States)
  • Qualcomm Life (United States)
  • SAP SE (Germany)
  •  Stanley Healthcare (United States)
  •  Honeywell Life Care Solutions (United States)
  •  Oracle Corporation (United States)
  • Cerner Corporation (United States)
  •  Resideo Technologies (United States)
  •  BioTelemetry, Inc. (United States)
  • Others Key Player

Key Industry Developments in the Internet of Things in Healthcare Market

  • In September 2023, Infosys announced the expansion of its strategic collaboration with NVIDIA Corporation. This collaboration aimed to generate technology and expertise needed to drive productivity with generative AI applications and solutions across various industries, including healthcare.
  • In May 2023, SAP SE collaborated with Accenture. The aim behind the collaboration was to work collaboratively on several AI-based projects and extend product portfolios.
  • In February 2023, Wipro ltd partnered with Koninklijke Philips N.V. to offer Electronic Medical Record (EMR) enterprise solutions for the healthcare industry in Saudi Arabia. The integrated solution, which is in line with Saudi Arabia's Health Sector Transformation Programme- Vision 2030, will put a special emphasis on localized practice, adjustable workflows, data, and service linkages.
  • In June 2022, GE Healthcare launched Allia platform, which was designed for minimally invasive image-guided surgery. The platform was designed through a multiyear collaboration with surgeons and interventionists. Allia was designed with the purpose of improving workflow efficiency, enhancing user experience, and increasing the adoption of image guidance in daily practice.

Internet of Things in Healthcare Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD  52.12 Bn.

Forecast Period 2024-32 CAGR:

22.10%

Market Size in 2032:

USD  314.37 Bn.

Segments Covered:

 By Component

  • Devices
  • Software
  • Services

By Application

  • Telemedicine
  • Patient Monitoring
  • Operations and Workflow Management
  • Remote Scanning
  • Sample Management
  • Others

By End User

  • Laboratory Researc
  • Hospitals
  • Clinics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Focus on Personalized Healthcare

Key Market Restraints:

  • High Implementation and Maintenance Costs

Key Opportunities:

  • Enhanced Patient Monitoring and Management

Companies Covered in the report:

  • Medtronic (Ireland), GE Healthcare (United States), Philips Healthcare (Netherlands), IBM Corporation (United States), Cisco Systems (United States), Siemens Healthineers (Germany), Microsoft Corporation (United States), Qualcomm Life (United States), SAP SE (Germany), and Other Major Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Internet of Things in Healthcare Market by Component
 4.1 Internet of Things in Healthcare Market Snapshot and Growth Engine
 4.2 Internet of Things in Healthcare Market Overview
 4.3 Devices
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Devices: Geographic Segmentation Analysis
 4.4 Software
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Software: Geographic Segmentation Analysis
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services: Geographic Segmentation Analysis

Chapter 5: Internet of Things in Healthcare Market by Application
 5.1 Internet of Things in Healthcare Market Snapshot and Growth Engine
 5.2 Internet of Things in Healthcare Market Overview
 5.3 Telemedicine
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Telemedicine: Geographic Segmentation Analysis
 5.4 Patient Monitoring
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Patient Monitoring: Geographic Segmentation Analysis
 5.5 Operations & Workflow Management
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Operations & Workflow Management: Geographic Segmentation Analysis
 5.6 Remote Scanning
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Remote Scanning: Geographic Segmentation Analysis
 5.7 Sample Management
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Sample Management: Geographic Segmentation Analysis
 5.8 Others
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Others: Geographic Segmentation Analysis

Chapter 6: Internet of Things in Healthcare Market by End-User
 6.1 Internet of Things in Healthcare Market Snapshot and Growth Engine
 6.2 Internet of Things in Healthcare Market Overview
 6.3 Laboratory Research
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Laboratory Research: Geographic Segmentation Analysis
 6.4 Hospitals
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Hospitals: Geographic Segmentation Analysis
 6.5 Clinics
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Clinics: Geographic Segmentation Analysis
 6.6 Others
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Internet of Things in Healthcare Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 PFIZER INC (US)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 ABBVIE INC (US)
 7.4 NOVARTIS AG (SWITZERLAND)
 7.5 AMGEN INC (US)
 7.6 BOEHRINGER INGELHEIM INTERNATIONAL GMBH (GERMANY)
 7.7 MERCK & CO INC (US)
 7.8 SUN PHARMACEUTICAL INDUSTRIES LTD (INDIA)
 7.9 TEVA PHARMACEUTICALS INDUSTRIES LTD (ISRAEL)
 7.10 ASTRAZENECA (UK)
 7.11 FRESENIUS KABI AG (GERMANY)
 7.12 BAYER AG (GERMANY)
 7.13 AUROBINDO PHARMA (INDIA)
 7.14 MELINTA THERAPEUTICS INC (US)
 7.15 OTHER

Chapter 8: Global Internet of Things in Healthcare Market By Region
 8.1 Overview
8.2. North America Internet of Things in Healthcare Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Component
  8.2.4.1 Devices
  8.2.4.2 Software
  8.2.4.3 Services
  8.2.5 Historic and Forecasted Market Size By Application
  8.2.5.1 Telemedicine
  8.2.5.2 Patient Monitoring
  8.2.5.3 Operations & Workflow Management
  8.2.5.4 Remote Scanning
  8.2.5.5 Sample Management
  8.2.5.6 Others
  8.2.6 Historic and Forecasted Market Size By End-User
  8.2.6.1 Laboratory Research
  8.2.6.2 Hospitals
  8.2.6.3 Clinics
  8.2.6.4 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
8.3. Eastern Europe Internet of Things in Healthcare Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Component
  8.3.4.1 Devices
  8.3.4.2 Software
  8.3.4.3 Services
  8.3.5 Historic and Forecasted Market Size By Application
  8.3.5.1 Telemedicine
  8.3.5.2 Patient Monitoring
  8.3.5.3 Operations & Workflow Management
  8.3.5.4 Remote Scanning
  8.3.5.5 Sample Management
  8.3.5.6 Others
  8.3.6 Historic and Forecasted Market Size By End-User
  8.3.6.1 Laboratory Research
  8.3.6.2 Hospitals
  8.3.6.3 Clinics
  8.3.6.4 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Bulgaria
  8.3.7.2 The Czech Republic
  8.3.7.3 Hungary
  8.3.7.4 Poland
  8.3.7.5 Romania
  8.3.7.6 Rest of Eastern Europe
8.4. Western Europe Internet of Things in Healthcare Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Component
  8.4.4.1 Devices
  8.4.4.2 Software
  8.4.4.3 Services
  8.4.5 Historic and Forecasted Market Size By Application
  8.4.5.1 Telemedicine
  8.4.5.2 Patient Monitoring
  8.4.5.3 Operations & Workflow Management
  8.4.5.4 Remote Scanning
  8.4.5.5 Sample Management
  8.4.5.6 Others
  8.4.6 Historic and Forecasted Market Size By End-User
  8.4.6.1 Laboratory Research
  8.4.6.2 Hospitals
  8.4.6.3 Clinics
  8.4.6.4 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 Netherlands
  8.4.7.5 Italy
  8.4.7.6 Russia
  8.4.7.7 Spain
  8.4.7.8 Rest of Western Europe
8.5. Asia Pacific Internet of Things in Healthcare Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Component
  8.5.4.1 Devices
  8.5.4.2 Software
  8.5.4.3 Services
  8.5.5 Historic and Forecasted Market Size By Application
  8.5.5.1 Telemedicine
  8.5.5.2 Patient Monitoring
  8.5.5.3 Operations & Workflow Management
  8.5.5.4 Remote Scanning
  8.5.5.5 Sample Management
  8.5.5.6 Others
  8.5.6 Historic and Forecasted Market Size By End-User
  8.5.6.1 Laboratory Research
  8.5.6.2 Hospitals
  8.5.6.3 Clinics
  8.5.6.4 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
8.6. Middle East & Africa Internet of Things in Healthcare Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Component
  8.6.4.1 Devices
  8.6.4.2 Software
  8.6.4.3 Services
  8.6.5 Historic and Forecasted Market Size By Application
  8.6.5.1 Telemedicine
  8.6.5.2 Patient Monitoring
  8.6.5.3 Operations & Workflow Management
  8.6.5.4 Remote Scanning
  8.6.5.5 Sample Management
  8.6.5.6 Others
  8.6.6 Historic and Forecasted Market Size By End-User
  8.6.6.1 Laboratory Research
  8.6.6.2 Hospitals
  8.6.6.3 Clinics
  8.6.6.4 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkey
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
8.7. South America Internet of Things in Healthcare Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Component
  8.7.4.1 Devices
  8.7.4.2 Software
  8.7.4.3 Services
  8.7.5 Historic and Forecasted Market Size By Application
  8.7.5.1 Telemedicine
  8.7.5.2 Patient Monitoring
  8.7.5.3 Operations & Workflow Management
  8.7.5.4 Remote Scanning
  8.7.5.5 Sample Management
  8.7.5.6 Others
  8.7.6 Historic and Forecasted Market Size By End-User
  8.7.6.1 Laboratory Research
  8.7.6.2 Hospitals
  8.7.6.3 Clinics
  8.7.6.4 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

Internet of Things in Healthcare Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD  52.12 Bn.

Forecast Period 2024-32 CAGR:

22.10%

Market Size in 2032:

USD  314.37 Bn.

Segments Covered:

 By Component

  • Devices
  • Software
  • Services

By Application

  • Telemedicine
  • Patient Monitoring
  • Operations and Workflow Management
  • Remote Scanning
  • Sample Management
  • Others

By End User

  • Laboratory Researc
  • Hospitals
  • Clinics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Focus on Personalized Healthcare

Key Market Restraints:

  • High Implementation and Maintenance Costs

Key Opportunities:

  • Enhanced Patient Monitoring and Management

Companies Covered in the report:

  • Medtronic (Ireland), GE Healthcare (United States), Philips Healthcare (Netherlands), IBM Corporation (United States), Cisco Systems (United States), Siemens Healthineers (Germany), Microsoft Corporation (United States), Qualcomm Life (United States), SAP SE (Germany), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Internet of Things in Healthcare Market research report?

The forecast period in the Internet of Things in Healthcare Market research report is 2024-2032.

Who are the key players in the Internet of Things in Healthcare Market?

Medtronic (Ireland),GE Healthcare (United States),Philips Healthcare (Netherlands),IBM Corporation (United States),Cisco Systems (United States),Siemens Healthineers (Germany), Microsoft Corporation (United States),Qualcomm Life (United States),SAP SE (Germany),and Other Major Players .

What are the segments of the Internet of Things in Healthcare Market?

The Internet of Things in Healthcare Market is segmented into Component, Application,End User and Region. By Component, the market is categorized into Devices,Software,Services.By Applicatiom, the market is categorized into Telemedicine,Patient Monitoring,Operations and Workflow Management,Remote Scanning,Sample Management,Others.By End-User, the market is categorized into Laboratory Research,Hospitals,Clinics,Others. By region,  it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Internet of Things in Healthcare Market?

The IoT in health would then involve the inclusion of those devices and systems that could collect, share, and analyze data related to health with an aim to continuously improve patient care, smooth medical processes, and, in general, enhance healthcare outcomes. These include wearable health monitors, intelligent medical equipment, and sensors that are connected; these permit real-time observation of patients according to their vital signs, consultation from a distance, and support for personalized treatment plans. These transformations have been able to empower healthcare professionals with the power of IoT technology through enlightening insights, optimization of resources, and timely responses to the needs of their patients.

How big is the Internet of Things in Healthcare Market?

Internet of Things in Healthcare Market Size Was Valued at USD  52.12 Billion in 2023, and is Projected to Reach USD  314.37 Billion by 2032, Growing at a CAGR of 22.10% From 2024-2032.