LONDON, Oct. 25, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the Internet of Things (IoT) in the healthcare market, the growing adoption of smart devices and wearables in the healthcare industry is expected to propel the growth of Internet of Things (IoT) in the healthcare market in the future. A smart device is an electronic device or connected device that can connect, share and communicate with its owner and other smart devices. Wearable and smart devices can increase the accuracy of health information while encouraging healthier behavior in people using IoT technologies, resulting in significant improvements in their health and reduced healthcare expenditures.
For example, according to the Times of India, an India-based newspaper published in April 2022, out of just over 200 million connected devices in India in 2019, the IoT sweep coupled with rapid digital transformation during the pandemic has brought the number of connected devices to more than 2 billion in 2021. Therefore, the growing adoption of smart devices and wearables in the healthcare industry is driving the Internet of Things (IoT) in the healthcare industry. health.
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The Global Internet of Things (IoT) in Healthcare Market Size is Expected to Grow from $130.26 billion in 2021 to $158.03 billion in 2022 at a compound annual growth rate (CAGR) of 21.3%. The Global Internet of Things (IoT) Healthcare Market Share is Expected to Reach $354.66 billion in 2026 at a compound annual growth rate (CAGR) of 22.4%.
Technological advancements are gaining popularity among the Internet of Things (IoT) in healthcare market trends. Major companies operating in the IoT in the healthcare market are developing new technologies to strengthen their position in the market. For example, in November 2021, GE Healthcare, an American manufacturer of diagnostic imaging agents and radiopharmaceuticals operating in the IoT in the healthcare market, unveiled around 60 innovative technology solutions, underpinned by intelligence artificial intelligence (AI) and digital solutions to help transform healthcare delivery, including patient screening, diagnostics, therapy planning, referral and monitoring. ulrichINJECT CT Motion uses automated syringeless technology to improve workflow efficiency. Digital expert access is a real-time virtual solution, integrated with imaging devices.
Major Internet of Things (IoT) Players in Healthcare Market are Medtronic plc, Koninklijke Philips NV, Cisco Systems Inc, International Business Machines Corporation, GE Healthcare, Microsoft Corporation, SAP SE, Qualcomm Technologies Inc, STANLEY Healthcare , Siemens Healthineers AG, Senseonics Holdings Inc, Saudi German Hospital Group, Wipro Limited, TeleTracking Technologies Inc, Biotronik.
The global IoT Internet of Things in Healthcare market is segmented by component into Medical Devices, Systems & Software, Services; through connectivity technology in cellular, Wi-Fi, near field communications, satellite, Bluetooth, Zigbee; by application in telemedicine, clinical operations and workflow management, inpatient monitoring, medication management, other applications; by end use in clinical research organizations, government institutions, research and diagnostic laboratories, hospitals and clinics, other end users.
North America was the greater region in the Internet of Things (IoT) in Healthcare Market in 2021. Asia Pacific should be the fastest growing region in the global Internet of Things (IoT) in Healthcare market over the forecast period. Regions covered in the global Internet of Things (IoT) in Healthcare market research report are Asia-Pacific, Western Europe, Eastern Europe, South America North, South America, the Middle East and Africa.
The Global Internet of Things (IoT) in Healthcare Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provide Internet of Things (IoT) in Healthcare Market Insights, Internet of Things (IoT) in Healthcare Market To analyze and forecast the market size and growth for the overall market, Internet of Things (IoT) in Healthcare Market Segments and Geographies, Internet of Things (IoT) in Healthcare Market Trends, Internet of Things (IoT) in Healthcare Market Drivers, Internet of Things (IoT) in Healthcare Market Constraints, Internet of Things (IoT) in Healthcare Market Competitors Revenue, Profiles and Market Share in 1000+ Reports industry, covering more than 2,500 market segments and 60 geog raphic.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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