IoT in Healthcare Market by Component (Medical Devices, Services, Systems & Software), Technology (Bluetooth, NFC, Wi-Fi), Application, End-User - Global Forecast 2024-2030


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IoT in Healthcare Market by Component (Medical Devices, Services, Systems & Software), Technology (Bluetooth, NFC, Wi-Fi), Application, End-User - Global Forecast 2024-2030


The IoT in Healthcare Market size was estimated at USD 170.33 billion in 2023 and expected to reach USD 196.48 billion in 2024, at a CAGR 16.10% to reach USD 484.49 billion by 2030.

Global IoT in Healthcare MarketThe healthcare sector is experiencing a transformative phase driven by the integrating of the Internet of Things (IoT) technology. IoT in healthcare implies using interconnected devices capable of generating, analyzing, and transmitting health-related data. These devices range from wearable fitness trackers to sophisticated medical equipment in hospitals. The IoT in healthcare has witnessed significant growth due to its advantages, such as improved patient monitoring, increased accuracy in diagnosis, enhanced disease management, and optimizations in hospital operations. Furthermore, rising government support and initiatives for promoting digital health are accelerating market growth. In contrast, complex integration supporting multiple devices and protocols and increasing the risk of data breaches and compliance is limiting the adoption of IoT in healthcare sector. However, several market players are investing and working on these issues to overcome them. Moreover, the emerging trend of personalized medicine and telemedicine and the integration of advanced technology in medical devices and wearable technologies are creating lucrative opportunities for market growth.Regional InsightsIn the Americas, the adoption of IoT in healthcare is propelled by the advanced healthcare infrastructure and the emphasis on reducing the cost of care while improving quality. A significant driving force is the availability of robust telecommunication networks and high smartphone penetration, which facilitate remote patient monitoring and telehealth. This region has increased healthcare expenditures, and government initiatives to modernize healthcare infrastructure support adopting IoT healthcare solutions. The Europe, Middle East, and Africa (EMEA) region showcases a varied landscape in IoT healthcare adoption. In Europe, high healthcare standards and government initiatives drive IoT adoption. Meanwhile, the Middle East is experiencing rapid development in healthcare facilities, focusing on smart hospitals and IoT for enhanced patient care. Africa's adoption of mobile technology is expected to grow with mobile technology usage for healthcare delivery and managing limited resources effectively. APAC is witnessing the fastest growth in the healthcare IoT, underpinned by the rapid economic development in countries. Increasing healthcare awareness, rising disposable incomes, and a growing middle class contribute to the demand for advanced healthcare services. Governments are investing in healthcare infrastructure and digitization while regulatory encouragement, such as favorable policies for telemedicine, propels the IoT in healthcare forward in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the IoT in Healthcare Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the IoT in Healthcare Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the IoT in Healthcare Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Agilie, AliveCor, Inc., Appinventiv Technologies Pvt. Ltd., Cerner Corporation by Oracle Corp., Cisco Systems Inc., Claroty Ltd., Cleveroad Inc., Digi International Inc., Finoit Inc., GE Healthcare, Google LLC, HCL Technologies Ltd., Honeywell International Inc., InfiSIM Ltd, International Business Machines Corporation, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Medtronic PLC, Microsoft Corporation, Ordr, Inc., OSP Labs, QUALCOMM Incorporated, SAP SE, Securitas Healthcare, LLC, Siemens AG, Simon IoT LLC., Software AG, Thales Group, Tiga Health, Toobler Technologies, u-blox AG, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the IoT in Healthcare Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Medical Devices
Implantable
Stationary
Wearable
Services
Consulting
Deployment & Integration
Support & Maintenance
Systems & Software
Application & Data Security
Data Analytics
Remote Device Management
Technology
Bluetooth
NFC
Wi-Fi
ZigBee
Application
Clinical Operations & Workflow Management
Connected Imaging
Inpatient Monitoring
Medication Management
Telemedicine
End-User
Clinical Research Organization
Government & Defense Institutions
Hospitals, Surgical Centers, & Clinics
Research & Diagnostics Laboratories
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the IoT in Healthcare Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the IoT in Healthcare Market?
3. What are the technology trends and regulatory frameworks in the IoT in Healthcare Market?
4. What is the market share of the leading vendors in the IoT in Healthcare Market?
5. Which modes and strategic moves are suitable for entering the IoT in Healthcare Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. IoT in Healthcare Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing focus to improve patient engagement and deliver patient-centric care
5.1.1.2. Growing penetration of mHealth in developed and developing economies
5.1.1.3. Government initiatives for promoting digital health
5.1.2. Restraints
5.1.2.1. Complex integration supporting multiple devices and protocols
5.1.3. Opportunities
5.1.3.1. Emerging trend of personalized medicine and telemedicine
5.1.3.2. Integration in medical devices and wearable technologies
5.1.4. Challenges
5.1.4.1. Data security and privacy issues
5.2. Market Segmentation Analysis
5.2.1. Component: Consumer preference for services as it provide support and maintenance, consulting, and integration services
5.2.2. Technology: Widening availability of wireless technology providing seamless integration in patient monitoring
5.2.3. Application: Adoption of artificial intelligence & advanced analytics in preference to meet the healthcare needs
5.2.4. End-User: Increasing uses of IoT in CRO and hospitals catering better outcomes with faster medical diagnostics
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. IoT in Healthcare Market, by Component
6.1. Introduction
6.2. Medical Devices
6.3.1. Implantable
6.3.2. Stationary
6.3.3. Wearable
6.3. Services
6.4.1. Consulting
6.4.2. Deployment & Integration
6.4.3. Support & Maintenance
6.4. Systems & Software
6.5.1. Application & Data Security
6.5.2. Data Analytics
6.5.3. Remote Device Management
7. IoT in Healthcare Market, by Technology
7.1. Introduction
7.2. Bluetooth
7.3. NFC
7.4. Wi-Fi
7.5. ZigBee
8. IoT in Healthcare Market, by Application
8.1. Introduction
8.2. Clinical Operations & Workflow Management
8.3. Connected Imaging
8.4. Inpatient Monitoring
8.5. Medication Management
8.6. Telemedicine
9. IoT in Healthcare Market, by End-User
9.1. Introduction
9.2. Clinical Research Organization
9.3. Government & Defense Institutions
9.4. Hospitals, Surgical Centers, & Clinics
9.5. Research & Diagnostics Laboratories
10. Americas IoT in Healthcare Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific IoT in Healthcare Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa IoT in Healthcare Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. Cynerio and Integra (e-Quip) Announce Strategic Partnership, Revolutionising IoT Security in the UK Healthcare Market
13.3.1.2. Cynerio and Sodexo Announce Partnership to Get Ahead of Risks and Attacks on Network-Connected Medical Devices
13.3.1.3. E& Enterprise IoT & AI Partners with Stella Technologies to Advance Gcc's Digital Healthcare
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Abbott Laboratories
14.1.2. Agilie
14.1.3. AliveCor, Inc.
14.1.4. Appinventiv Technologies Pvt. Ltd.
14.1.5. Cerner Corporation by Oracle Corp.
14.1.6. Cisco Systems Inc.
14.1.7. Claroty Ltd.
14.1.8. Cleveroad Inc.
14.1.9. Digi International Inc.
14.1.10. Finoit Inc.
14.1.11. GE Healthcare
14.1.12. Google LLC
14.1.13. HCL Technologies Ltd.
14.1.14. Honeywell International Inc.
14.1.15. InfiSIM Ltd
14.1.16. International Business Machines Corporation
14.1.17. Johnson & Johnson Services, Inc.
14.1.18. Koninklijke Philips N.V.
14.1.19. Medtronic PLC
14.1.20. Microsoft Corporation
14.1.21. Ordr, Inc.
14.1.22. OSP Labs
14.1.23. QUALCOMM Incorporated
14.1.24. SAP SE
14.1.25. Securitas Healthcare, LLC
14.1.26. Siemens AG
14.1.27. Simon IoT LLC.
14.1.28. Software AG
14.1.29. Thales Group
14.1.30. Tiga Health
14.1.31. Toobler Technologies
14.1.32. u-blox AG
14.1.33. Wipro Limited
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. IOT IN HEALTHCARE MARKET RESEARCH PROCESS
FIGURE 2. IOT IN HEALTHCARE MARKET SIZE, 2023 VS 2030
FIGURE 3. IOT IN HEALTHCARE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. IOT IN HEALTHCARE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. IOT IN HEALTHCARE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. IOT IN HEALTHCARE MARKET DYNAMICS
FIGURE 7. IOT IN HEALTHCARE MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. IOT IN HEALTHCARE MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. IOT IN HEALTHCARE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. IOT IN HEALTHCARE MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. IOT IN HEALTHCARE MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. IOT IN HEALTHCARE MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. IOT IN HEALTHCARE MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 14. IOT IN HEALTHCARE MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS IOT IN HEALTHCARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS IOT IN HEALTHCARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES IOT IN HEALTHCARE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES IOT IN HEALTHCARE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC IOT IN HEALTHCARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC IOT IN HEALTHCARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA IOT IN HEALTHCARE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA IOT IN HEALTHCARE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. IOT IN HEALTHCARE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. IOT IN HEALTHCARE MARKET SHARE, BY KEY PLAYER, 2023

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