IoT Healthcare Market Key Highlights:
- Market Size (2024): USD 65.19 Billion
- Projected Market Size (2034): USD 484.08 Billion
- CAGR (2023-2034): 22.20%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Healthcare Market Definition
The IoT healthcare market is a prominent sector of the healthcare IT industry. This industry deals in developing several internet-based solutions for the healthcare sector. The various components of this industry consist of medical devices, systems & software, and services. The medical device segment is further divided into wearable external devices, implanted medical devices, and stationary medical devices. The system and software segment is bifurcated into remote device management, network bandwidth management, data analytics, application security, and some others. The services segment consists of System Integration services, consulting, training, education, support and maintenance services, and others. This market is likely to rise significantly with the growth of the healthcare sector across the world.
The rising trend of smartphones among people, along with the proliferation of high-speed internet across the world, has driven the market growth. Also, the increased adoption of smart devices and wearables for monitoring patients and the growing trend of telemedicine around the world have positively shaped the industry. Moreover, the increased demand for connected imaging, clinical operations, and medical management, coupled with advancements in technologies such as WIFI, Bluetooth, LPWANs, Zigbee, and some others, is driving the growth of the IoT healthcare market.
The research and developments associated with ingestible sensors along with growing trend of hospital auatomation is expected to create ample growth opportunities for the market players in the future. In August 2023, Schneider Electric launched EcoStruxure. EcoStruxure is an IoT-based solution designed to enhance the capabilities of the healthcare ecosystem.
IoT Healthcare Market Segmentation:
By Type
- Medical Device
- Systems & Software
- Service
- Connectivity Technology
By Application
- Telemedicine
- Work Flow Management
- Connected Imaging
- Medication Management
IoT Healthcare Market Companies:
- Takeda
- CSL
- Grifols
- Octapharma
- Kedrion
- LFB Group
- Biotest
- BPL
- RAAS
- CBPO
- Hualan Bio
- Tiantan Bio
- Shuanglin Bio
- Boya Bio
- Yuanda Shuyang
- Weiguang Bio
- Nanyue Bio
- KM Biologics
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