Albany, NY -- (SBWIRE) -- 11/07/2017 -- The valuation of the healthcare M2M market stood at US$1.56 bn in 2014 and is anticipated to grow at a CAGR of 22.5% from 2015 to 2023. Growing at this pace, the opportunities in the market is expected to surge to US$10.05 bn by the end of the forecast period.

This report provides an analysis of the global healthcare M2M market for 2013–2023, wherein the period from 2015 to 2023 comprises the forecast period and 2014 is the base year. Data for 2013 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the healthcare M2M market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market's growth during the said period. The study provides a holistic perspective on the healthcare M2M market's growth throughout the forecast period in terms of revenue estimates (in US$ Mn), across different geographies, which include Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA). The report provides cross-sectional analysis of the global healthcare M2M market in terms of market estimates and forecasts for all the segments across different geographic regions.

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Healthcare is a basic necessity, which not only increases the quality of living, but also life expectancy and future security for any individual. In recent years, developments in the healthcare infrastructure have been largely driven by technological advancements and machine interference. Traditional healthcare processes are now replaced by advanced machine-based processes that not only ensure the probability of success in the treatments & diagnosis for healthcare suppliers but also increase the quality of the services offered. Due to the resultant enhanced connectivity and accessibility, the adoption of machine to machine technology in healthcare is becoming a global trend With state of the art developments under healthcare modules, wireless wearable devices and various applications and platforms, the growing healthcare M2M market is expected to bring reasonable changes in healthcare services in the future around the globe and would also increase the reach and level of services to fulfill the demand coming from a broadening consumer base worldwide.

On the basis of components, the healthcare M2M market is categorized into M2M modules, connectivity services and M2M applications and platforms. M2M healthcare application market is categorized into patient well-being, medical facilities, sports & fitness, and others.

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The report also includes competitive profiling of major players associated with the healthcare M2M market. Important business strategies adopted by them, their market positioning, and the companies' recent developments have also been identified in the research report. The companies profiled in the report include GE Healthcare, Athenahealth, Inc., Apple Inc., IBM Corporation, Cisco Systems Inc., Allscripts Healthcare Solutions Inc., Stanley Healthcare, AT&T Inc., Gemalto NV, and Sierra Wireless Inc.

The global healthcare M2M market is segmented as below:

Healthcare M2M Market

Component

M2M Modules
Connectivity Services
M2M Applications and Platforms

By Application

Patient Well-being
Medical Facilities
Sports & Fitness
Others (Implants and Research & Education)

By Geography

North America
Europe
Asia Pacific
Latin America
Middle East and Africa