Global IoT and Virtual Hospital Market

Global IoT and Virtual Hospital Market, By Disease Type(Classical MWS, MWS with amyloidosis, MWS without amyloidosis, Overlap MWS, Others), By Treatment Type(Anti-inflammatory drugs, Immunosuppressants, Biologics, JAK inhibitors, Corticosteroids, Analgesics, Others), By Route of Administration (Oral, Injectable, Topical, Others), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

The Internet of Things (IoT) and emergence of virtual hospitals are revolutionizing the future of healthcare globally. IoT refers to the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity, which enables these things to connect, collect, and exchange data. The trend of IoT integration in healthcare sector promises improved patient care through monitoring health remotely and preventive care. On the other hand, virtual hospitals utilize digital technology and tools to deliver outpatient services and specialized care to people in remote locations. This approach helps overcome challenges of limited physical infrastructure and staff shortage in rural areas. Gradually, IoT backed virtual hospitals would become a go-to solution for non-emergency care services worldwide.

Market Dynamics:

The global IoT and virtual hospital market is driven by the rising need for improved and affordable healthcare amid growing geriatric population, increasing incidence of chronic diseases, and shortage of doctors in several regions. However, high investment requirements for setting up virtual infrastructure, data security concerns pertaining to privacy of patient records, and interoperability issues between different IoT medical devices act as restraints. Meanwhile, the market sees lucrative opportunities from the growing adoption of telehealth and telemedicine services. The COVID-19 pandemic further accelerated the digital transformation of the healthcare sector and boosted remote patient monitoring and virtual consultations using IoT-based solutions.

Increasing adoption of IoT in healthcare is expected to boost the growth of the global IOT and virtual hospital market over the forecast period. For instance, in January 2021, Ivanti, the automation platform that helps make every IT connection smarter and more secure, announced the release of Ivanti Neurons for healthcare, which enhances visibility into medical IoT devices and enables security teams to proactively detect and remediate vulnerabilities. Ivanti Neurons also now integrates with MobileIron Cloud, providing a single pane of glass for enterprises to self-heal and self-secure devices, and self-service end users. With a new application service mapping add-on for Ivanti Neurons for Discovery, IT teams can profile and mitigate risks associated with changes and achieve faster recovery from unexpected downtime.

Key Features of the Study:

• This report provides an in-depth analysis of the global IOT and virtual hospital market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global IOT and virtual hospital market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Microsoft, IBM, Oracle, GE Healthcare, Siemens, Cerner, Allscripts, McKesson, Koninklijke Philips, and Medtronic
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global IOT and virtual hospital market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IOT and virtual hospital market

Detailed Segmentation:

• Global IOT and Virtual Hospital Market, By Component
• Hardware
• Software and Services
• Connectivity Devices
• Global IOT and Virtual Hospital Market, By Application
• Remote Patient Monitoring
• Telemedicine
• Store And Forward Telemedicine
• Mhealth
• Others
• Global IOT and Virtual Hospital Market, By End User
• Hospitals And Surgical Centers
• Clinical Research Organizations
• Government And Defense Organizations
• Research And Diagnostics Laboratories
• Global IOT and Virtual Hospital Market, By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
• Top Companies in the Global IOT and Virtual Hospital Market:
• Microsoft
• IBM
• Oracle
• GE Healthcare
• Siemens
• Cerner
• Allscripts
• McKesson
• Koninklijke Philips
• Medtronic