Overview

IoT in Healthcare Market is forecasted to value over USD 228 billion by 2027 end and register a CAGR of 20.6% from the forecast period 2020-2027.

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FutureWise Market Research has instantiated a report that provides an intricate analysis of IoT in Healthcare Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of the market.
According to the research study conducted by FutureWise research analysts, the IoT in Healthcare Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Impact of COVID-19 on IOT in Healthcare Market:

IoT-based healthcare infrastructure can significantly reduce a lot of operations that normally require human intervention. Features like Electronic Medical Records (EMRs), patient monitoring and scheduling systems are integrated in one system owing to IoT technology. With all hospital resources being used extensively, using a tool for monitoring patients shall help the healthcare personnel work efficiently.
The Shanghai Public Health Clinical Center (SPHCC) started using a continuous temperature sensor developed by a connected health startup VivaLNK located in California and these sensors are used for monitoring COVID-19 patients, thereby reducing the risk of healthcare professionals getting contracted with the virus. The SPHCC declared that they are implementing IoT products that are connected via Bluetooth and are using gateways provided by Cassia Network along with the medical wearable sensors of VivaLNK for monitoring novel coronavirus patients. The SPHCC have also collaborated with Yitu Helathcare, an AI startup based in Shanghai, in co-developing an Intelligent Evaluation System for Chest CT that is AI-powered.
Furthermore, Kinsa Health has collected data from their one million connected thermometers to understand what areas of the United States are seeing a rise in the patient number. Such data points are useful in providing a real-time surveillance of the disease and could help identify early signs of new COVID-19 clusters.

Major players included in the IoT in Healthcare Market are:

Agamatrix
Armis
Bosch
Capsule Technologies
Comarch SA
Cisco Systems
GE Healthcare
HQSoftware
Huawei
IBM Corporation

(Note: The list of the major players will be updated with the latest market scenario and trends)
IoT in Healthcare Market Segmentation:
By Component

Medical Devices

Wearable External Medical Devices
Implanted Medical Devices
Stationary Medical Devices

Systems and Software

Remote Device Management
Network Bandwidth Management
Data Analytics
Application Security
Network Security

Services
- Deployment and Integration
- Consulting
- Support and Maintenance
Connectivity Technology

By Application

Telemedicine
Store-and-forward Telemedicine
Remote Patient Monitoring
Interactive Medicine
Clinical Operations and Workflow Management
Connected Imaging
Inpatient Monitoring
Medication Management
Others

By Region

North America
Europe
Asia-Pacific
Rest of the world

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the IoT in Healthcare Market by Component, by Application and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions— North America, Europe, Asia Pacific and rest of the world
To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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