Global Internet of Medical Things Market by Type (On-Body Segment, Home Segment, Hospital Segment, Clinic Segment, Community Segment), by Component (Medical Devices, System & Software, Connectivity Technology, Services) , by type of product (Smart wearable devices, medical devices for home use, point of care kits), by technology (Bluetooth Low Energy (BLE), Zigbee, Wi-Fi, LPWAN, others), by application (telemedicine, clinical operation and Workflow Management, Medication Management, Connected Imaging, Other), by End User (Healthcare Providers, Patients, Government Authorities, Other), by Region, Competition, Forecast, and Opportunities, 2017-2027
New York, April 8, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Medical Internet of Things Market by Type, by Component, by Product Type, by Technology, by Application, by User Final, by Region, Competition, Forecast and Opportunities, 2017-2027” – https://www.reportlinker.com/p06251543/?utm_source=GNW
The global Internet of Medical Things market is expected to grow at a CGAR of 19.48% in the forecast period, 2023-2027, to reach USD198,521.00 million by 2027. An increase in healthcare spending and the rapid adoption of advanced technologies by healthcare Industry for improving patient care and services is expected to be the main drivers of the global Internet of Medical Things market. In addition, the development of the telecommunication sector in developing countries and the deployment of 5G technology are expected to drive the growth of the global Internet of Medical Things market in the forecast period.
Continuous technological advances in the healthcare industry are transforming the healthcare industry. Internet of Medical Things is a system of various medical devices connected with a network.
It can provide real-time updates on the patient’s health to health authorities, which improves the quality of service provided to the patient. Efforts to provide high-speed Internet connection by leading authorities in emerging economies are expected to significantly improve telehealth services.
The increased focus of healthcare facilities on delivering patient-centered care, driving patient engagement, and making healthcare services affordable is accelerating market demand over the next five years. In addition, favorable government policies and digitization trends for healthcare facilities are expected to accelerate. the global Internet of Medical Things market in the forecast period.
However, rising concerns related to privacy and data security may hamper the growth of the market in the forecast period.
The global Internet of Medical Things market is segmented into type, component, product type, technology, application, end-user, company, and regional distribution. Based on the component, the market is divided into medical devices, system and software, connectivity technology, and services.
Medical Devices dominated the market in 2021 by capturing a 37.27% market share and is anticipated to maintain its dominance during the forecast period, 2023-2027. Increasing awareness of the benefits of adopting preventive health care practices and the availability of innovative and cost-effective medical devices are the factors driving market demand.
GE Healthcare, Medtronic Plc., Johnson & Johnson, Koninklijke Philips NV, Siemens Healthineers AG, Abbott Laboratories, Inc., Boston Scientific Corporation, IBM Corporation, Omron Healthcare, Inc., Cisco Systems, Inc., Hill-Rom Holdings, Inc. . ., Ypsomed AG, Honeywell International Inc., Microsoft Corporation, Qualcomm Life Inc. are among the major market players operating in the global Internet of Medical Things market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated year: 2022
Forecast period: 2023-2027
The purpose of the study:
• To analyze the historical growth and market size of the global Medical Internet of Things market from 2017 to 2021.
• Estimate and forecast the global Internet of Medical Things market size from 2022 to 2027 and the growth rate to 2027.
• For classification and forecast, the global Internet of Medical Things market is divided into trial type, usage, trial full-time, technology, sample, mobility, end-use, company, and regional distribution.
• Identify drivers and challenges for the global Internet of Medical Things market.
• To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global Medical Internet of Things market.
• Conduct pricing analysis for the global Internet of Medical Things market.
• Identify and analyze the profile of the main players operating in the global Internet of Medical Things market.
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst obtained a list of leading service providers around the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interview, the respondents were also asked about their competitors.
Through this technique, the analyst could include service providers that could not be identified due to the limitations of secondary research. The analyst examined the service providing companies, distribution channels, and the presence of all the major players operating in the global Medical Internet of Things market across the world.
The analyst calculated the global Internet of Medical Things market size using a bottom-up approach, where data for various regions were recorded and forecast for future years. The analyst obtained these values from industry experts and company representatives and externally validated them by analyzing historical data for these product and application types to derive an appropriate overall market size.
The analyst also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports.
Key target audience:
• Internet of Medical Things service providers, vendors, distributors and other stakeholders
• Government agencies such as regulatory authorities and policymakers
• Organizations, forums and alliances related to the Internet of medical things market
• Market studies and consulting firms
The study is helpful in providing answers to several critical questions that are important to industry stakeholders such as service providers, vendors, distributors, and other Internet of Medical Things stakeholders. The report would enable stakeholders to design investment strategies and capitalize on emerging market opportunities.
Scope of the report:
In this report, the Global Medical Internet of Things Market has been segmented into following categories in addition to industry trends which are also outlined below:
• Global Internet of Medical Things Market, by Type:
o In the body segment
o In the domestic segment
o In Hospital Segment
o In Clinic Segment
o Community segment
• Global Internet of Medical Things Market, by Component:
or medical devices
o System and Software
o Connectivity technology
• Global Internet of Medical Things market, by product type:
o Smart wearable devices
o Medical devices for home use
o Point of care kits
• Global Internet of Medical Things Market, by Technology:
Bluetooth Low Energy (BLE)
• Global Internet of Medical Things Market, by Application:
o Clinical operation and workflow management
o Medication Management
o Connected Images
o Monitoring of hospitalized patients
• Global Internet of Medical Things Market, by End User:
o Health care providers
or government authorities
• Global Internet of Medical Things Market, by Region:
or North America
or Asia Pacific
or South America
o Middle East and Africa
United Arab Emirates
Company Profiles: Detailed analysis of the major companies present in the global Internet of Medical Things market.
With the market data provided, we offer customizations according to the specific needs of a company. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06251543/?utm_source=GNW
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