Kenneth Research has evaluated the current market opportunities in IoT Healthcare Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IoT Healthcare Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global IoT Healthcare Market is estimated to reach $205 billion by 2024; growing at a CAGR of 20.2% from 2016 to 2024. Internet of things (IoT) is a system that interconnects physical things such as digital and mechanical machines, computing devices, and others to internet and they are used embedded sensors to collect and exchange data. Currently, healthcare industry speedily adopts IoT technology in healthcare as IoT features in medical devices enhance service processes and improve quality, especially for those who need continuous observations, those in chronic conditions, and aged patients. IoT is used in research of healthcare, for instance, Niox Mino by Aerocrine, for routine measurement of intric oxide in a patient's breath.

The major supporting factors of IoT healthcare market are growing disposable income, accessibility to high speed internet and increasing demand for wearable devices in healthcare sector. Moreover, increasing need for remote patient monitoring and fitness & wellness tracker for athletes are also expected to fuel the market. However, high cost of IoT devices and lack of IoT technical skills may restraints the growth of market. Additionally, technological advancement and product innovations would provide growth opportunity for this market in the coming years.

The IoT healthcare market is segmented based on the delivery mode, component type, application, end-user and geography. By delivery mode, the segment is categorized into on-premises, web-based, and cloud-based. Component type is further segmented into embedded sensor networks, automation systems, wireless sensor networks, control systems, other components types. Furthermore, application is segmented into connected imaging, impatient monitoring, clinical operations and workflow management, telemedicine, medication management and others. End-user can be segmented into clinical research organization, hospitals, surgical center and clinics, research and diagnostic laboratory and others.

By geography the market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, UK, Spain and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East, and Africa.

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The key market players include GE Healthcare Ltd., Cisco Systems Inc., Google (Alphabet), Microsoft Corporation, International Business Machines Corporation, Apple Inc., Medtronic PLC, Proteus Digital Health, Qualcomm Life Inc., and St. Jude Medical Inc., among others. For instance, GE Healthcare Ltd. Launched digital next-generation molecular imaging systems that can help clinicians in advance quantitative care and research.

The key takeaways from the report:
The report will provide detailed analysis of IoT Healthcare market with respect to major segments such as component type, application and end-user of the market. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of IoT Healthcare market will be included in the report.

Profile of key players of the IoT Healthcare market, which include key financials, product & services, business strategies, and new developments.

Scope of IoT Healthcare Market:
Component Type Segments
Wireless sensor networks
Automation systems
Control systems
Embedded sensor networks
Other component types
Delivery Mode Segments
Web-based
On-Premises
Cloud-Based
Application Segments
Clinical operations and workflow management
Connected imaging
Telemedicine
Medication management
Impatient monitoring
Other applications
End-User Segments
Clinical research organization
Hospital, surgical centers and clinics
Research and diagnostic laboratories
Other end-users

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Geographical Segments
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Others
Asia-Pacific
China
India
Japan
Others
RoW
South America
Middle East
Africa

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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