IOT in Healthcare Market: Top Trends and Future Growth Prospect

Solution segment of IoT in Healthcare market is expected to continue its dominance. Solution segment comprises of medical systems & devices and software solution & tools. On-body wellness devices under medical system & devices segment is growing at the fastest CAGR due to increasing awareness for self-health among the people resulting in rising adoption of fitness wearable devices such as smart watches, fitness bands, etc.

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The rising incidences of chronic diseases and number of elderly population along with the need to reduce the costs associated with healthcare is expected to drive the market growth. Several companies are partnering with each other to offer enhanced and improved solutions to the customers in order to increase IoT in Healthcare market market share.

IoT in healthcare market by end-user vertical is segmented into patients & individuals, diagnostic & research and labs, hospitals & healthcare institutes and government authority. The various government initiatives for increasing the deployment of IoT technologies in healthcare to reduce costs associated to healthcare facilities and need for optimization of clinical workflow for cost reduction and better patient outcome by healthcare institutions is propelling the IoT in Healthcare market market growth.

The overall IoT in Healthcare market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.

The major industry players in the IoT in Healthcare market include

GE Healthcare
IBM Corp.
Koninklijke Philips N.V.
Medtronic plc.
Microsoft Corporation
Proteus Digital Health, Inc.
Qualcomm Life, Inc.
Siemens Healthcare GmbH
STANLEY Healthcare
Verily Life Sciences LLC.

Source:

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