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Internet of Things in Healthcare Market Will Grow Rising Demand For Real Time Disease Management And Improved Patient Care Services Till 2022

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The introduction of technologically advanced connected medical devices, penetration of smart phones, and use of software automation, to enable faster patient testing, and provide better accuracy, ease of usage, and portability are expected to serve
IoT in Healthcare Market To Be Worth
$409.9 Billion By 2022
Global IoT in healthcare market is expected to reach nearly USD 410 billion by 2022 according
to a new report by Grand View Research Inc. The introduction of technologically advanced
connected medical devices, penetration of smart phones, and use of software automation, to
enable faster patient testing, and provide better accuracy, ease of usage, and portability are
expected to serve the Internet of Things in healthcare market as high-impact rendering drivers
over the forecast period.
Increasing prevalence of chronic diseases such as heart failure, obesity, diabetes and
hypertension are boosting the demand for technologically advanced medical devices. The new
generation connected medical devices enable real-time patient monitoring and help the medical
professionals to swiftly respond to the patient needs. For instance, the vital sign monitors,
activity monitors, safety monitors and medication monitors are routinely used for patent
monitoring and medication management.
The growing geriatric population, and the high unmet medical needs for home healthcare and
long term healthcare services are driving the growth of telemedicine and remote patient
monitoring and these factors are expected to positively reinforce theIoT in Healthcare market
over the forecast period.
According to the data published by the U.S. based Family Caregiver Alliance (FCA) in 2015,
nearly 63% of the population availing long term healthcare services are people aged above 65
years. This population is expected to drive the demand for technology enabled healthcare
services.
The healthcare practitioners are increasingly using technology platforms to serve the growing
hospital and patient needs. Moreover, various routine activities such as patient data recording,
data storage and data analysis have been streamlined using software’s and cloud storage systems,
leading to significant reduction in healthcare operational costs and errors.
The growth of big data analytics, cloud services and artificial intelligence for healthcare
applications is gaining significant traction. Several leading technology firms are investing huge
resources to tap the potential of the IoT in healthcare market. For instance, IBM has developed
the Watson platform for oncology, drug discovery, and clinical trial matching. This platform has
combined the power of supercomputing with the huge amount of healthcare research and patient
data.
Further more, the use of RFID tags for medication management, asset tracking and asset
transportation and development of novel products such as smart pills and smart beds are
expected to boost the IoT in Healthcare market over the forecast period.
View summary of this report @ http://www.grandviewresearch.com/industryanalysis/internet-of-things-iot-healthcare-market
North America IoT in Healthcare Market Estimates and Forecasts, by Component, 2012 2022 (USD Billion)
Table of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 IoT in Healthcare Industry Outlook
3.1 Market segmentation
3.2 IoT in Healthcare market dynamics
3.3 Market driver analysis
3.3.1 Proliferation of smartphones
3.3.2 Growing demand for remote patient monitoring to improved out-ofhospital care
3.3.3 Technologically advanced healthcare IT infrastructure
3.4 Market restraint analysis
3.4.1 Data privacy
3.4.2 Lack of medical expertise
3.5 Key Opportunities Prioritized
3.6 Industry analysis - Porter’s
3.7 IoT in Healthcare market PESTEL Analysis
Chapter 4 IoT in Healthcare Component Outlook
4.1 IoT in Healthcare market share by component, 2014 & 2022
4.2 Medical Devices
4.2.1 Medical devices market estimates and forecasts, 2012 - 2022 (USD
Billion)
4.2.2 Wearable External Devices
4.2.2.1 Wearable external devices market estimates and forecasts, 2012 2022 (USD Billion)
4.2.3 Implanted Medical Devices
4.2.3.1 Implanted medical devices market estimates and forecasts, 2012 2022 (USD Billion)
4.2.4 Stationary medical devices
4.2.4.1 Stationary medical devices market estimates and forecasts, 2012 2022 (USD Billion)
4.3 System and software
4.3.1 System and software market estimates and forecasts, 2012 - 2022
4.3.2 Remote Device Management
4.3.2.1 Remote device management market estimates and forecasts, 2012
- 2022 (USD Billion)
4.3.3 Network Bandwidth Management
4.3.3.1 Network bandwidth management market estimates and forecasts,
2012 - 2022 (USD Billion)
4.3.4 Data Analytics
4.3.4.1 Data Analytics market estimates and forecasts, 2012 - 2022 (USD
Billion)
4.3.5 Application Security
4.3.5.1 Application Security market estimates and forecasts, 2012 - 2022
(USD Billion)
4.3.6 Network Security
4.3.6.1 Network security market estimates and forecasts, 2012 - 2022
(USD Billion)
4.4 Services
4.4.1 Services market estimates and forecasts, 2012 - 2022
4.4.2 System Integration Services
4.4.2.1 System Integration Services market estimates and forecasts, 2012
- 2022 (USD Billion)
4.4.3 Consulting, Training, and Education
4.4.3.1 Consulting, Training, and Education market estimates and
forecasts, 2012 - 2022 (USD Billion)
4.4.4 Support and Maintenance Services
4.4.4.1 Support and Maintenance Services market estimates and forecasts,
2012 - 2022 (USD Billion)
Chapter 5 IoT in Healthcare Connectivity Technology Outlook
5.1 IoT in Healthcare market share by connectivity technology, 2014 & 2022
5.2 Wi-Fi
5.2.1 WiFi market estimates and forecasts, 2012 - 2022 (USD Billion)
5.3 Bluetooth Low Energy (BLE)
5.3.1 Bluetooth Low Energy (BLE) market estimates and forecasts, 2012 2022 (USD Billion)
5.4 ZigBee
5.4.1 ZigBee market estimates and forecasts, 2012 - 2022 (USD Billion)
5.5 Near Field Communication (NFC)
5.5.1 Near Field Communication (NFC) market estimates and forecasts, 2012 2022 (USD Billion)
5.6 Cellular
5.6.1 Cellularmarket estimates and forecasts, 2012 - 2022 (USD Billion)
5.7 Satellite
5.7.1 Satellite market estimates and forecasts, 2012 - 2022 (USD Billion)
Chapter 6 IoT in Healthcare Application Outlook
6.1 IoT in Healthcare s market share by application, 2014 & 2022
6.2 Telemedicine
6.2.1 Telemedicine market estimates and forecasts, 2012 - 2022 (USD Billion)
6.3 Medication Management
6.3.1 Medication management market estimates and forecasts, 2012 - 2022
(USD Billion)
6.4 Clinical Operations
6.4.1 Clinical operations market estimates and forecasts, 2012 - 2022 (USD
Billion)
6.5 Inpatient Monitoring
6.5.1 Inpatient monitoring market estimates and forecasts, 2012 - 2022 (USD
Billion)
6.6 Connected Imaging
6.6.1 Connected Imaging market estimates and forecasts, 2012 - 2022 (USD
Billion)
6.7 Others
6.7.1 Others market estimates and forecasts, 2012 - 2022 (USD Billion)
Chapter 7 IoT in Healthcare End-Use Outlook
7.1 IoT in Healthcare s market share by end use, 2014 & 2022
7.2 Clinical Research Organization(CRO)
7.2.1 Clinical research organization market estimates and forecasts, 2012 2022 (USD Billion)
7.3 Hospitals and clinics
7.3.1 Hospitals & clinics market estimates and forecasts, 2012 - 2022 (USD
Billion)
7.4 Research and Diagnostic Laboratories
7.4.1 Research and Diagnostic Laboratoriesmarket estimates and forecasts,
2012 - 2022 (USD Billion)
7.5 Others
7.5.1 Others market estimates and forecasts, 2012 - 2022 (USD Billion)
Chapter 8 IoT in healthcare Regional Outlook
8.1 IoT in healthcare market share, by region, 2014 & 2022
8.2 North America
8.2.1 North America IoT in healthcare market estimates and forecasts, by
component, 2012 - 2022 (USD Billion)
8.2.1.1 U.S. market estimates and forecasts
8.2.1.2 Canada market estimates and forecasts
8.2.2 IoT in healthcare market estimates and forecasts, by connectivity
technology, 2012 - 2022 (USD Billion)
8.2.2.1 U.S. market estimates and forecasts
8.2.2.2 Canada market estimates and forecasts
8.2.3 IoT in healthcare market estimates and forecasts, by application, 2012 2022 (USD Billion)
8.2.3.1 U.S. market estimates and forecasts
8.2.3.2 Canada market estimates and forecasts
8.2.4 IoT in healthcare market estimates and forecasts, by end use, 2012 - 2022
(USD Billion)
8.2.4.1 U.S. market estimates and forecasts
8.2.4.2 Canada market estimates and forecasts
8.3 Europe
8.3.1 IoT in healthcare market estimates and forecasts, by component, 2012 2022 (USD Billion)
8.3.1.1 UK market estimates and forecasts
8.3.1.2 Germany market estimates and forecasts
8.3.2 IoT in healthcare market estimates and forecasts, by connectivity
technology, 2012 - 2022 (USD Billion)
8.3.2.1 UK market estimates and forecasts
8.3.2.2 Germany market estimates and forecasts
8.3.3 IoT in healthcare market estimates and forecasts, by application, 2012 2022 (USD Billion)
8.3.3.1 UK market estimates and forecasts
8.3.3.2 Germany market estimates and forecasts
8.3.4 IoT in healthcare market estimates and forecasts, by end use, 2012 - 2022
(USD Billion)
8.3.4.1 UK market estimates and forecasts
8.3.4.2 Germany market estimates and forecasts
8.4 Asia Pacific
8.4.1 IoT in healthcare market estimates and forecasts, by component, 2012 2022 (USD Billion)
8.4.1.1 Japan market estimates and forecasts
8.4.1.2 China market estimates and forecasts
8.4.2 IoT in healthcare market estimates and forecasts, by connectivity
technology, 2012 - 2022 (USD Billion)
8.4.2.1 Japan market estimates and forecasts
8.4.2.2 China market estimates and forecasts
8.4.3 IoT in healthcare market estimates and forecasts, by application, 2012 2022 (USD Billion)
8.4.3.1 Japan market estimates and forecasts
8.4.3.2 China market estimates and forecasts
8.4.4 IoT in healthcare market estimates and forecasts, by end use, 2012 - 2022
(USD Billion)
8.4.4.1 Japan market estimates and forecasts
8.4.4.2 China market estimates and forecasts
8.5 Latin America
8.5.1 IoT in healthcare market estimates and forecasts, by component, 2012 2022 (USD Billion)
8.5.1.1 Brazil market estimates and forecasts
8.5.1.2 Mexico market estimates and forecasts
8.5.2 IoT in healthcare market estimates and forecasts, by connectivity
technology, 2012 - 2022 (USD Billion)
8.5.2.1 Brazil market estimates and forecasts
8.5.2.2 Mexico market estimates and forecasts
8.5.3 IoT in healthcare market estimates and forecasts, by application, 2012 2022 (USD Billion)
8.5.3.1 Brazil market estimates and forecasts
8.5.3.2 Mexico market estimates and forecasts
8.5.4 IoT in healthcare market estimates and forecasts, by end use, 2012 - 2022
(USD Billion)
8.5.4.1 Brazil market estimates and forecasts
8.5.4.2 Mexico market estimates and forecasts
8.6 MEA
8.6.1 IoT in healthcare market estimates and forecasts, by component, 2012 2022 (USD Billion)
8.6.1.1 South Africa market estimates and forecasts
8.6.2 IoT in healthcare market estimates and forecasts, by connectivity
technology, 2012 - 2022 (USD Billion)
8.6.2.1 South Africa market estimates and forecasts
8.6.3 IoT in healthcare market estimates and forecasts, by application, 2012 2022 (USD Billion)
8.6.3.1 South Africa market estimates and forecasts
8.6.4 IoT in healthcare market estimates and forecasts, by end use, 2012 - 2022
(USD Billion)
8.6.4.1 South Africa market estimates and forecasts
Chapter 9 Competitive Landscape
9.1 Medtronic, Inc.
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Product Benchmarking
9.1.4 Strategic Initiatives
9.2 Koninklijke Philips N.V.
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Product Benchmarking
9.2.4 Strategic Initiatives
9.3 General Electric Company
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Product Benchmarking
9.3.4 Strategic Initiatives
9.4 International Business Machine (IBM) Corporation
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Product Benchmarking
9.4.4 Strategic Initiatives
9.5 Microsoft Corporation
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Product Benchmarking
9.5.4 Strategic Initiatives
9.6 Cerner Corporation
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Product Benchmarking
9.6.4 Strategic Initiatives
9.7 Proteus Digital Health Inc.
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Product Benchmarking
9.7.4 Strategic Initiatives
9.8 AdhereTech Inc.
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Product Benchmarking
9.8.4 Strategic Initiatives
9.9 Google
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Product Benchmarking
9.9.4 Strategic Initiatives
9.10 Cisco Systems
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Product Benchmarking
9.10.4 Strategic Initiatives
Browse full report @ http://www.grandviewresearch.com/industry-analysis/internet-ofthings-iot-healthcare-market
List of Tables
TABLE 1 IoT in Healthcare - Industry Summary & Critical Success Factors (CSFs)
TABLE 2 IoT in Healthcare market, by component, 2012 - 2022 (USD billion)
TABLE 3 IoT in Healthcare market, by connectivity technology, 2012 - 2022 (USD billion)
TABLE 4 IoT in Healthcare market, by application, 2012 - 2022 (USD billion)
TABLE 5 IoT in Healthcare market, by end-use, 2012 - 2022 (USD billion)
TABLE 6 IoT in Healthcare market, by region, 2012 - 2022 (USD billion)
TABLE 7 IoT in Healthcare - Key market driver analysis
TABLE 8 IoT in Healthcare- Key market restraint analysis
TABLE 9 IoT in Healthcare revenue, 2012 - 2022 (USD Billion)
TABLE 10 North America IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 11 North America IoT in Healthcare revenue, by connectivity technology, 2012 - 2020
(USD billion)
TABLE 12 North America IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 13 North America IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 14 US IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 15 US IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 16 US IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 17 US IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 18 Canada IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 19 Canada IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 20 Canada IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 21 Canada IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 22 Europe IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 23 Europe IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 24 Europe IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 25 Europe IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 26 Germany IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 27 Germany IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 28 Germany IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 29 Germany IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 30 UK IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 31 UK IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 32 UK IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 33 UK IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 34 Asia Pacific IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 35 Asia Pacific IoT in Healthcare revenue, by connectivity technology, 2012 - 2020
(USD billion)
TABLE 36 Asia Pacific IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 37 Asia Pacific IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 38 Japan IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 39 Japan IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 40 Japan IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 41 Japan IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 42 China IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 43 China IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 44 China IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 45 China IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 46 Latin America IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 47 Latin America IoT in Healthcare revenue, by connectivity technology, 2012 - 2020
(USD billion)
TABLE 48 Latin America IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 49 Latin America IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 50 Brazil IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 51 Brazil IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 52 Brazil IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 53 Brazil IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 54 Mexico IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 55 Mexico IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 56 Mexico IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 57 Mexico IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 58 MEA IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 59 MEA IoT in Healthcare revenue, by connectivity technology, 2012 - 2020 (USD
billion)
TABLE 60 MEA IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 61 MEA IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
TABLE 62 South Africa IoT in Healthcare revenue, by component, 2012 - 2020 (USD billion)
TABLE 63 South Africa IoT in Healthcare revenue, by connectivity technology, 2012 - 2020
(USD billion)
TABLE 64 South Africa IoT in Healthcare revenue, by application, 2012 - 2020 (USD billion)
TABLE 65 South Africa IoT in Healthcare revenue, by end-use, 2012 - 2020 (USD billion)
For More Information visit http://www.grandviewresearch.com/industry-analysis/internetof-things-iot-healthcare-market
List of Figures
FIG. 1 IoT in Healthcare: Market Segmentation
FIG. 2 IoT in Healthcare Market Revenue, 2012 - 2020 (USD billion)
FIG. 3 IoT in Healthcare Market Dynamics
FIG. 4 Key Opportunities Prioritized
FIG. 5 IoT in Healthcare - Porter’s Analysis
FIG. 6 IoT in Healthcare Market - PESTEL Analysis
FIG. 7 IoT in Healthcare revenue share by component, 2012 & 2022
FIG. 8 Medical device revenue, 2012 - 2022 (USD billion)
FIG. 9 System and software revenue, 2012 - 2022 (USD billion)
FIG.11 Service revenue, 2012 - 2022 (USD billion)
FIG.12 IoT in Healthcare revenue share by connectivity technology, 2012 & 2022
FIG.13 Wi-Fi revenue, 2012 - 2022 (USD billion)
FIG.14 BLE revenue, 2012 - 2022 (USD billion)
FIG.15 ZigBee revenue, 2012 - 2022 (USD billion)
FIG.16 NFC revenue, 2012 - 2022 (USD billion)
FIG.17 Cellular revenue, 2012 - 2022 (USD billion)
FIG.18 Satellite revenue, 2012 - 2022 (USD billion)
FIG.19 IoT in Healthcare revenue share by application, 2012 & 2022
FIG.20 Telemedicine revenue, 2012 - 2022 (USD billion)
FIG.21 Medication management revenue, 2012 - 2022, (USD Billion)
FIG.22 Clinical operation revenue, 2012 - 2022 (USD billion)
FIG.23 Inpatient monitoring revenue, 2012 - 2022 (USD billion)
FIG.24 Connected Imaging revenue, 2012 - 2022 (USD billion)
FIG.25 Other applications revenue, 2012 - 2022 (USD billion)
FIG.26 IoT in Healthcare revenue share by end-use, 2012 & 2022
FIG.27 CRO revenue, 2012 - 2022 (USD billion)
FIG.28 Hospitals and clinics revenue, 2012 - 2022 (USD billion)
FIG.29 Research and diagnostic laboratories revenue, 2012 - 2022, (USD Billion)
FIG.30 Other end use revenue, 2012 - 2022 (USD billion)
FIG.31 IoT in Healthcare revenue share by region, 2014 & 2022
FIG.32 North America IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.33 US IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.34 Canada IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.35 Europe IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.36 Germany IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.37 UK IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.38 Asia Pacific IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.39 Japan IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.40 China IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.41 Latin America IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.42 Brazil IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.43 Mexico IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.44 MEA IoT in Healthcare revenue, 2012 - 2022 (USD billion)
FIG.45 South Africa IoT in Healthcare revenue, 2012 - 2022 (USD billion)
Further key findings from the study suggest:






In 2014, systems and software segment accounted for the maximum revenue of USD
22.8billion. Key factors attributed include growing awareness regarding remote patient
monitoring, preventative maintenance, diagnostics and software up gradation.
However, Medical devices is expected to be the fastest growing segment with a CAGR
of 28.3% over the forecast period, on account of growing demand for remote and
continuous physiological data management and growing interest from various private and
public companies in the IoT-MD domain. (Internet of Thing in Medical Device)
In 2014, North America held the maximum share of 32.4%. Key factors attributed for the
high market share include growing prevalence of chronic diseases, increasing geriatric
population prone to various chronic diseases.
Active collaboration between the high tech software industries and the medical device
manufacturers, healthcare practitioners, and technology universities, is a key factor for
building the right eco-system for the market growth and expansion.
Moreover, the IoT in healthcare market is gaining significant interest from the venture
capitalists and hedge fund managers owing to the huge potential in changing the
healthcare delivery models and improving patient outcomes.
Asia Pacific is expected to register lucrative growth over the forecast period with a
CAGR of over31%. Key factors attributing to its rapid growth include growing


penetration of connected medical devices, presence of high unmet clinical needs, and
constant economic developments in the region.
The governments are proactively engaging in using digital health solutions to transform
this regions healthcare services capability and improve access to healthcare. Increase use
of cloud, SAS, big data and other software platforms for electronic data management, real
time patient monitoring, and telemedicine is expected to drive the market growth in this
region over the forecast period.
Major companies such as Medtronic Inc., Philips, Cisco Systems, IBM Corporation, GE
Healthcare, Microsoft Corporation, Qualcomm Life Inc., and Stanley Healthcare are
investing a huge amount in R&D of connected diagnostic laboratories. These companies
are more focused in the development of software with their devices in an attempt to
stabilize their market position.
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Grand View Research has segmented the IoT in healthcare market on the basis of component,
connectivity technology, application, end use, and region:
IoT in Healthcare Component Outlook, by Revenue (USD Billion, 2015 - 2022)


Medical Devices
 Wearable External Devices
 Implanted Medical Devices
 Stationary medical devices
System and software
 Remote Device Management
 Network Bandwidth Management
 Data Analytics
 Application Security
 Network Security
IoT in Healthcare Connectivity Technology Outlook, by Revenue (USD Billion, 2015 2022)






Wi-Fi
Bluetooth Low Energy
ZigBee
NFC
Cellular
Satellite
IoT in Healthcare Application Outlook, by Revenue (USD Billion, 2015 - 2022)






Telemedicine
Medication Management
Clinical Operations
Inpatient Monitoring
Connected Imaging
Others
IoT in Healthcare End-Use Outlook, by Revenue (USD Billion), 2015 - 2022)




CRO
Hospitals and Clinics
Research and Diagnostic Laboratories
Others
IoT in Healthcare Regional Outlook, by Revenue (USD Billion, 2015 - 2022)





North America
 U.S.
 Canada
Europe
 Germany
 UK
Asia Pacific
 Japan
 China
Latin America
 Brazil
 Mexico
MEA
 South Africa
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About Grand View Research
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business decisions, we offer market intelligence studies ensuring relevant and fact-based research
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objective insights.
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