IoT Healthcare Market to Reach USD 283.04 Billion by 2022

According to the report, “IoT Healthcare Market, by Component (System & Software, Medical Devices, Services), Application (Medication Management, Connected Imaging, Inpatient Monitoring, Telemedicine, Clinical Operation, Workflow Management), Connectivity Technology (ZigBee, Cellular, Satellite, Wi-Fi, Bluetooth Low Energy, Near Field Communication) and End-users (Government & Defense Institutions, Hospitals, Clinics, Surgical Centers, Research & Diagnostic Laboratories, Clinical Defense Organizations) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the IoT healthcare market was worth USD 112.26 billion in 2016. Growing at an expected CAGR of 16.7% from 2016, the market is anticipated to reach USD 283.04 billion by 2022.

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According to the IoT healthcare market report, the global market will maintain a steady growth rate during the forecast period. The major driving factors highlighted in the report include the reduced healthcare costs and the rapid technological advancements. Apart from that, the advancements in the high-speed networking technologies are also expected to create potential growth opportunities for the key market players. The growing rate of adoption of remote monitoring and the strong connectivity of the healthcare devices are also some of the significant growth drivers for this market. The major restraining factors for the market include lack of skilled professionals and governance standards.

The IoT healthcare market report segments the global market by components, applications, connectivity technology, end-users, and the major geographic regions. The components include medical devices, systems & software, and services. The connectivity technologies include ZigBee, satellite, near field communication, clinical operation, and Wi-Fi. The application segments include connected imaging, medication management, telemedicine, workflow management, clinical operation, and inpatient monitoring. The end-user segments include hospitals, government & defense institutions, surgical centers, clinics, clinical defense organizations, and research & diagnostic laboratories. The major geographic regions include North America, Latin America, Middle East & Africa, Asia-Pacific, and Europe.

The IoT healthcare market report highlights the key market players, which include:

1. Cisco Systems
2. GE Healthcare
3. SAP SE
4. Honeywell Life Care Solutions
5. Qualcomm Life, Inc.
6. Philips
7. Medtronic
8. Microsoft Corporation
9. IBM Corporation
10. Stanley Healthcare

According to the report, the continuous efforts from the key players towards mergers, acquisitions, and partnerships are expected to offer strong business opportunities in this market. The rising demand from the emerging markets is also a significant factor boosting the business growth for the key market players.

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