Healthcare IT News: IoT Healthcare Market is Expected to Witness the Fastest Growth in Asia-Pacific

Global IoT healthcare market size is expected to reach $267.6 billion by 2023. The market is mainly driven by the growing need for remote patient monitoring services, growing demand for advanced healthcare information systems, increasing prevalence of chronic and lifestyle associated diseases, growing demand for mHealth technologies, and increasing support from government organizations.

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The IoT applications in healthcare, such as telemedicine, medication management, clinical operations and workflow management, inpatient monitoring, helps in compiling services related to diagnosis, treatment, care, and rehabilitation. It improves communication between patients and healthcare providers, to reduce medication errors and provide better coordinated care.

During the forecast period, the IoT healthcare market is expected to witness the fastest growth in Asia-Pacific (APAC), at a CAGR of 34.4%. This growth in the regional-level market is mainly due to the growing geriatric population and surge in the occurrence of various chronic diseases such as diabetes, chronic obstructive pulmonary disease, asthma, and others. Furthermore, North America held the largest share in the global market, contributing over 44.3% revenue in 2017, owing to improved healthcare infrastructure and increased healthcare spending.

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Some of the other key players operating in the IoT healthcare industry are PhysIQ Inc., Adheretech, Proteus Digital Health Inc., Koninklijke Philips N.V., Cisco Systems Inc., General Electric Company, Honeywell International Inc., SAP SE, Stanley Black & Decker Inc., International Business Machines (IBM) Corporation, Medtronic plc, and Microsoft Corporation.


GLOBAL INTERNET OF THINGS (IoT) HEALTHCARE MARKET SEGMENTATION
Market Segmentation by Component
·         Medical Devices
o    Wearable External
o    Implanted
o    Stationary
·         Systems and Software
o    Remote Device Management
o    Network Bandwidth Management
o    Data Analytics
o    Application Security
o    Network Security
·         Services
o    System Integration
o    Professional
o    Support and Maintenance
Market Segmentation by Technology
·         Wi-Fi
·         BLE
·         NFC
·         ZigBee
·         Cellular
·         Satellite
Market Segmentation by Application
·         Telemedicine
o    Remote Patient Monitoring
o    Store-and-Forward Telemedicine
o    Interactive Telemedicine
·         Clinical Operations and Workflow Management
·         Connected Imaging
·         Inpatient Monitoring
·         Medication Management
·         Others
Market Segmentation by End User
·         Hospitals, Surgical Centers, and Clinics
·         Clinical Research Organizations
·         Research and Diagnostic Laboratories
·         Others
Market Segmentation by Geography
·         North America IoT Healthcare Market
o    By Component
o    By Technology
o    By Application
o    By End User
o    By Country
§  U.S. IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  Canada IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
·         Europe IoT Healthcare Market
o    By Component
o    By Technology
o    By Application
o    By End User
o    By Country
§  Germany IoT Healthcare Market
§  By Component
§  By Connectivity Technology
§  By Application
§  By End User
§  France IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  France IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  Italy IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  U.K. IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
·         Asia-Pacific (APAC) IoT Healthcare Market
o    By Component
o    By Technology
o    By Application
o    By End User
o    By Country
§  China IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  Japan IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  India IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  Australia IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
·         Latin America (LATAM) IoT Healthcare Market
o    By Component
o    By Technology
o    By Application
o    By End User
o    By Country
§  Brazil IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  Mexico IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
·         Middle East and Africa (MEA) IoT Healthcare Market
o    By Component
o    By Technology
o    By Application
o    By End User
o    By Country
§  South Africa IoT Healthcare Market
§  By Component
§  By Technologies
§  By Application
§  By End User
§  Saudi Arabia IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User
§  U.A.E. IoT Healthcare Market
§  By Component
§  By Technology
§  By Application
§  By End User

Source: P&S Intelligence

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