Internet of Things (IoT) in Healthcare


Report Scope: In this report, the market has been segmented by solution, application, connectivity, end user and region. The report provides an overview of the global IoT in healthcare market and analyzes market trends.

New York, May 02, 2022 (GLOBE NEWSWIRE) — announces the release of the “Internet of Things (IoT) in Healthcare” report –

Using 2020 as the base year, the report provides estimated market data for the forecast period, 2021 to 2026. The revenue forecast for this period is segmented on the basis of solution, application, connectivity , end user and geography.

Market values ​​have been estimated based on total IoT revenue among healthcare solution providers.

This report covers the IoT in Healthcare market with respect to applications in various end-use industries across different regions. It also focuses on key trends and challenges affecting the market and vendor landscape.

This report estimates the global IoT in healthcare market in 2020 and provides projections on the expected market size through 2026.

The report includes:
– 70 data tables and 25 additional tables
– An up-to-date review and analysis of the global Internet of Things (IoT) market in healthcare-specific applications
– Global market trend analyses, with historic market revenue (sales data) for 2020 and 2021, estimates for 2022 and 2024, and compound annual growth rate (CAGR) projections to 2026
– Highlights of IoT in Healthcare market potential and areas to forecast this market in various segments and sub-segments
– Assessing and forecasting the global IoT in Healthcare market size, projected growth trends and corresponding market share analysis by component, solution, device type, connectivity, application, vertical end user and geographic region
– Discussion on the evolution and various applications of IoT solutions in different healthcare verticals, connected medical devices and updated information on the latest market developments
– Assessment of viable technology drivers through a holistic review of various healthcare-specific applications for new and existing IoT technologies and cloud architecture
– Discussion of the industry value chain analysis providing a systematic study of the main intermediaries involved, as well as a PESTEL analysis for IoT in healthcare
– Detailed information on increasing investment in R&D activities, key technology issues, industry-specific challenges, major types of end-user markets, and implications of COVID-19 on the progress of this market
– Analysis of patents granted for IoT in healthcare devices between 2018 and March 2022 in each major category
– Descriptive company profiles of major global players including Cisco Systems Inc., IBM Corp., GE Healthcare, Medtronic plc, Koninklijke Philips NV and Siemens Healthcare

The term “Internet of Things (IoT)” was popularized by Kevin Ashton, a British professor at MIT. connect these objects through networks.

The concept is broad, so a precise definition is difficult. In general, the IoT is a network of uniquely identifiable endpoints (or things) that communicate without human interaction, typically using IP connectivity.

IoT is a collection of electronic devices that can share information. Some examples of IoT applications include smart factories, smart home devices, medical monitoring devices, wearable fitness trackers, smart city infrastructure, and vehicle telematics.

The healthcare industry has rapidly adopted various IoT solutions by creating the Internet of Medical Things (IoMT). Devices such as heart monitors and pacemakers collect and send patient health statistics over various networks to healthcare providers for remote monitoring, analysis and configuration.

Although many of these devices are used in industry, FDA approval has been a major obstacle to widespread adoption. Another hurdle is insurance, which plays a key role in the healthcare industry.

Global IoT in Healthcare Market was valued at SUPPRESSED in 2020 and is projected to reach SUPPRESSED by 2026, growing at a CAGR of SUPPRESSED during the forecast period. infrastructure and the availability of more cost-effective smart devices.

However, the growth of the healthcare IoT market is being held back by factors such as lack of funding and business model, as well as data security and privacy issues.

In this report, the market has been segmented on the basis of component, application, connectivity, end user, and geography. Based on components, the healthcare IoT market has been categorized into medical devices, systems and software, services, and technology.

The medical device segment accounted for the largest share of the market in 2020 and was estimated to be DISCONTINUED in 2020. Service providers in the healthcare IoT market offer customized and integrated programs that help businesses to drive consistent and improved business results and manage the entire benefit lifecycle.

The integration of IoT medical devices involves multiple smart and connected devices that can be used to track patient health and alert doctors before an infection occurs. The fastest growing solution is technology, which is expected to grow at a CAGR of REMOVED and is expected to reach REDACTED by 2026.

The goal of IoT healthcare systems and networks is to minimize project delivery time and cost through device management and deployment, data security, data collection and analytics Datas. Processes and software include remote device management, bandwidth usage management, data science, privacy applications, and information security policies.

The global connectivity-based IoT in healthcare market has been categorized into Wi-Fi, Bluetooth, Zigbee and other types of connectivity. The Wi-Fi connectivity type segment dominated the market in 2020 and was estimated to be valued at REMOVED.

Some of the major connectivity types in the other connectivity type segment include Loran and LTE-M.LTE-M is a cellular carrier‘s wireless network, approved by the GSMA industry group and 3GPP standards group.

It offers location services based on cell tower tracking without the need to use satellite systems like GPS or Galileo. This feature offers a significant cost reduction for OEMs that require devices to have a fundamental tracking system.

Also, LoRa is a widely used connectivity choice for IoT deployment in large areas with many non-critical sensors and control devices. Its use of license-free radio makes LoRa the best option for city-scale environmental sensors, street light regulation and monitoring, simple agricultural field control units, and small object tracking. The fastest growing type of connectivity in the healthcare IoT market is Zigbee, which is expected to grow at a CAGR of REMOVED and is expected to reach REMOVED by 2026.
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