Pune, India -- (SBWIRE) -- 03/24/2020 -- The global internet of medical things (IoMT) market size is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth.

The report covers:

Global Internet of Medical Things Market trends, with detailed analysis on consumer trends & manufacturer trends.
Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
Key areas of investments identifying market opportunities and challenges in forecast timeframe.
Competitive analysis of the industry players along with the overview on strategic management.
Comprehensive company profiles of the major industry players.

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Leading Players operating in the Internet of Medical Things Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Biotronik
GENERAL ELECTRIC COMPANY (GE Healthcare)
Boston Scientific Corporation
Medtronic
Johnson & Johnson Services, Inc.
Cisco Systems, Inc.
Welch Allyn
IBM Corporation
Siemens Healthcare GmbH
Koninklijke Philips N.V.
Others

Increasing Awareness about Advantages of Smart Healthcare Products to Drive Market

The Internet of medical things offers various advantages such as real-time monitoring, improved drug management, improved patient outcomes, and a reduction in medical expenditure. The above factors are driving the IOMT market growth. Besides this, the improved efficiencies of smart healthcare devices, coupled with the rise in research and development of advanced devices and rise in awareness about them, are expected to attract high revenues during the forecast duration. Moreover, analysts at Fortune Business Insights™ also project the increasing prevalence of chronic diseases to propel the demand for smart healthcare further, boosting the market size in the future.

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Rising Awareness about Advancement in Smart Healthcare to Help Asia Pacific Witness Significant Growth

North America is holding a dominant market share with a revenue generation of USD 5.87 billion as per 2018 records. This is attributable to the rise in the prevalence of chronic diseases. In addition to this, the increasing number of product launches in this region, coupled with the upsurge in research and development initiatives by major market manufacturers are anticipated to help increase the overall market size during the forecast duration.

Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Start-ups Fundings: Overview
Technological Advancements in IoMT Devices
Key Industry Developments - Acquisitions, Mergers, and Partnerships
New Product Launches
New Application Areas: Overview
Key Industry Trends
Global Internet of Medical Things (IoMT) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product Type
Stationary Medical Devices
Implanted Medical Devices
Wearable External Medical Devices
Market Analysis, Insights and Forecast – By Application
Telemedicine
Medication Management
Patient Monitoring
Others
Market Analysis, Insights and Forecast – By End User
Healthcare Providers
Patients
Government Authorities
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Report Focus:

Extensive product offerings
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Potential Internet of Medical Things Market opportunities
Growth dynamics
Quality assurance
Post-sales support
Regular report updates

Reasons to Purchase this Report:

Comprehensive analysis of the Internet of Medical Things Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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