Global IoT in Healthcare Market Size Set to Surge with Increased Adoption of Connected Devices

The newly added   IoT In Healthcare Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2024-2032. Further, this report also highlights smart strategy adopted by major players and also their market share. Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.

The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the IoT in healthcare market includes AdhereTech, Inc., Cerner Corporation, Cisco Systems, Inc., General Electric Company, Google, International Business Machines (IBM) Corporation, Koninklijke Philips N.V., Medtronic, Microsoft and Proteus Digital Health. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The growing technological advancements and increasing expenditure in the healthcare industry are pushing the IoT in healthcare. Also, the growing geriatric population along with rising prevalence for chronic diseases is another factor driving the market growth.  In addition, increasing demand for low-cost disease management and treatment are also accelerating market growth. However, the risk associated with data privacy and security may hamper market growth. Nevertheless, shifting preference of consumers towards “low-power wide-area networks” (LPWANs) is expected to spur opportunity during the forecast period.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of IoT in healthcare.

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Market Segmentation

The broad IoT in healthcare market has been sub-grouped into Component, technology, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Component

• Devices

• Software (Remote Device Management, Data Analytics, Compliance and Security, Asset Performance Management, Others (Data Storage, Electronic Health Record.))

• Services

By Application

• Telemedicine

• Patient Monitoring

• Operations and Workflow Management

• Remote Scanning

• Sample Management

• Others (Predictive Device Maintenance, Medication Management, etc.)

By End-User

• Laboratory Research

• Hospitals

• Clinics

• Others (Clinical Tests, Pathology, etc.)

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for IoT in healthcare in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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