Global IoT Healthcare Market Report, published by Variant Market Research, forecast that the global market is expected to reach $205 Billion by 2024 from $54 Billion in 2016, growing at a CAGR of 20.2 % from 2016 to 2024. By geography, Asia-Pacific and RoW are expected to grow at a CAGR of 22.2% and 20.6%, respectively, during the forecast period.
Global IoT Healthcare Market Report, published by Variant Market Research, forecast that the global market was valued at $54 Billion in 2016 is expected to reach $205 Billion by 2024, growing at a CAGR of 20.2 % from 2016 to 2024. In geographical segments, Asia-Pacific and RoW are expected to grow at a CAGR of 22.2% and 20.6%, respectively, during the forecast period 2016-2024.
Growing global geriatric population, rising incidence of various chronic diseases, overall improvement in data management, surging awareness levels affecting to the availability of advanced disease management systems, patient monitoring, and healthcare outcomes are the key factors driving the global IoT healthcare market. Lack of technical skilled labors and data security may restrict the market growth.
IoT Healthcare Market (Wireless Sensor Networks, Embedded Sensor Networks, Automation Systems, Control Systems; Web-Based, On-Premises, Cloud-Based; Telemedicine, Clinical Operations and Workflow Management, Connected Imaging, Impatient Monitoring; North America, Europe, Asia-Pacific, RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024 Get complete access of this report @ www.variantmarketresearch.com/repo…healthcare-market
Moreover, the growing use of smartphones and the improved internet connectivity around the world would provide growth opportunities for the market in the upcoming years.
Component type, delivery mode, application, end-user and geography are the major geographical segments of the global IoT healthcare market. Component type is further bifurcated into wireless sensor networks, embedded sensor networks, automation systems, control systems and other components types.
Wireless sensor networks held the uppermost market share in 2016, and it is also likely to grow at the fastest CAGR during the forecast period i.e. 2016-2024. Growing usages of heart rate monitor, blood pressure monitor, and others are the driving factors for the growth in wireless sensor market.
Delivery mode segment is classified into web-based, on-premises, and cloud-based. In 2016, web-based segment accounted for the largest market share in delivery mode segments, owing to easy accessibility of internet.
Moreover, application segment comprises of clinical operations and workflow management, telemedicine, medication management, connected imaging, impatient monitoring, and others. Telemedicine dominated the market with largest share in 2016.
End-user is further categorized into hospitals, clinical research organization, surgical center and clinics, research and diagnostic laboratory and others.
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By geography, the global IoT Healthcare market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Where, North America held the largest market share of 48.8% in 2016, driven by, growing government facilities in the region and increasing chronic diseases.
During the forecast period 2016 – 2024, Asia-Pacific is expected to reach the fastest CAGR. The growth is attributed to developing countries, increasing disposable income, and increasing number of IT healthcare services.
IoT Healthcare Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024 Get Free Sample of this report @ www.variantmarketresearch.com/repo…et/sample-request
The major key players operating in the IoT Healthcare market are Apple Inc., Google (Alphabet), GE Healthcare Ltd., Microsoft Corporation, International Business Machines Corporation, Cisco Systems Inc., Proteus Digital Health, Qualcomm Life Inc., St. Jude Medical Inc, and Medtronic PLC, among others.
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