Houston, TX -- (SBWIRE) -- 02/01/2018 -- The research report, titled "Global IoT Healthcare Market Report 2023," offers an unmistakable understanding of the topic. The exploration report tries to appreciate the leading-edge techniques taken by vendors in the overall market to offer product detachment through Porter's five forces analysis. It likewise points out the courses in which these associations can strengthen their stand in the market and increment their livelihoods in the coming years. Consistent technological progressions and the enduring penetration of Internet in the remote corners of the world are moreover responsible for the astounding advancement of the Global IoT Healthcare Market
Top Key Players:
Medtronic PLC, Royal Philips, Cisco Systems, IBM, GE Healthcare, Microsoft, SAP SE, Qualcomm Life, Honeywell Life Care Solutions, Stanley Healthcar
IoT Healthcare Market will grow at a CAGR of +13% during the forecast period 2018-2023
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The global internet of things (IoT) healthcare market is expected to register significant growth during the coming years. This can be accredited to technological advancements, increasing incidence rate of chronic diseases, rising demand for cost-effective treatment & disease management, better accessibility of high-speed internet, and implementation of favorable government regulatory policies. Moreover, the convenience of customer-friendly devices, rise in need for stringent regulations, and decrease in price of sensor technology are some factors that are also predictable to fuel the growth. However, influences such as high costs related with IoT infrastructure development, and data privacy & security issues are likely to hinder market growth. Numerous factors, such as improving healthcare infrastructure in developing countries, government initiatives to support the IoT platform, and high research & development spending, are anticipated to add to the market's revenue. In terms of revenue, the Global IoT Healthcare Market was valued at US$ 7409.7 Mn in 2016 and is expected to reach US$ 14668.6 Mn by 2025, expanding at a CAGR of 12.2% from 2017 to 2025.
In the component category, the systems and software segment is predicted to offer high growth opportunities and is gaining significance among end users. This is because of the key emphasis on device management and integration, information security, data collection, and data analytics that facilitates reduction in delivery time and cost of projects.
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Accumulative adoption of technologies such as ZigBee in a number of devices across healthcare industry will drive the IoT healthcare market's growth. The technologies enable the devices to gather and share data among each other as well as the cloud for data collection and analysis. With technological advancements, accumulating patient data in order to perform diagnostic, preventive care as well as for treatment results is now achievable.
The telemedicine application is projected to grow at the highest CAGR during the coming years, as this application comprises continuous observation or measurement of patient's physiological functions for the guidance of management decisions and therapeutic interventions.
The hospitals, surgical centers, and clinics end user segment is expected to grow at the highest CAGR during the forecast period as they are required for the efficient management of medical equipment, patients, and employees. The segment is followed by clinical research organization (CRO) segment as it offers support to biotechnology, pharmaceutical, and medical device industries in the form of research services. Moreover, it also supports research institutes, universities, and government organizations. IoT solutions thus help improve the quality of healthcare and help provide care at lower costs, requiring less time to service patients.
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Table of Content:
Global IoT Healthcare Market Research Report 2018-2023
Chapter 1 IoT Healthcare Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region (2018-2023)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2023)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2023)