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The global Internet of medical things [IoMT] market was valued at USD 61.56 billion in 2022, increasing at a CAGR of 23.70% from 2023 to 2032 and anticipated to reach USD 516.40 billion by 2032. Asia Pacific is expected to grow the fastest during the forecast period. Also, the increasing concerns towards health and related activities, along with the growing investment in research and development processes and the adoption of solutions, are expected to drive market growth during the forecast period.
The Internet of Medical Things is the network of Internet-connected hardware infrastructure, medical devices, and software applications that connect healthcare information technology. The Internet of Medical Things (IoMT) refers to using cloud computing, mobile computing, and medical sensors to monitor patients' vital signs in real-time and using communication technologies to relay data to a cloud computing framework. Also, the Internet of medical things collects medical devices and applications that connect to healthcare information technology systems through online computer networks. It can also be represented as the possibility of permitting medical devices with communication mechanisms like Wi-Fi to connect with other devices to the Internet and allow medical data storage via various cloud platforms. An Internet of Medical Things -based smart healthcare system is a collection of numerous smart medical machines connected within the network through the Internet. The Internet of Medical Things (IoMT) raises human-machine interaction, which improves real-time health monitoring solutions and patient engagement in decision-making. The Internet of Medical Things-enabled instruments has facilitated health supervision with diet, physical activity, and quality-of-life monitoring systems. Innovative devices like implantable chips, wearable devices, and biomedical embedded systems track continuous patient activity data and vital changes. Utilizing IoMT devices to monitor patients in their homes remotely is also known as telemedicine. The Internet of Medical Things (IoMT) enables new technology that facilities patient self-service & minimizes the requirement for in-person visits. The Internet of medical things (IoMT) provides more data, giving medical clinicians more accurate insights into patients' health conditions.
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For example, in February 2019, GE Healthcare entered a strategic partnership with Decisio Health, which concentrated on clinical surveillance & data visualization.
The increasing popularity of 5G technology: The ever-increasing popularity of 5G technology and growing investments in developing sophisticated 5G networks worldwide are the driving factors of the market growth. Additionally, the rising government and private expenditure in the automation and digitization of the healthcare sector to reduce costs and improve operational efficiency are also helping to boost the market growth. Moreover, the growing popularity of Software-Defined Networking (SDN) and Network Function Visualization (NFV) across enterprises is expected to propel market growth over the forecast period.
The high cost: The high cost associated with the Internet of medical things instruments like installation software, hardware maintenance, and the network hamper the market growth.
The rising healthcare expenditure: Using standalone or wearable instruments for patient monitoring & asset management is the driving factor of the market growth. Further, the adoption of the Internet of medical things is projected to rise in the forthcoming years due to consumer lifestyle changes and increasing concerns about their health and related activities. However, the ever-increasing partnerships among key participants and the well-established healthcare infrastructure and IT industry are also helping to boost the market growth over the forecast period.
The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest global internet of medical things [IoMT] market, with a 41.36% market revenue share in 2022. North America dominates the Internet of Medical Things [IoMT] market due to growing awareness, changes in lifestyle, and improving diagnostic facilities. Further, the rising healthcare expenditure and the strong government support for the approval and launch of IoMT devices are expected to drive market growth. However, the growing number of Internet of Medical Things market players across regions is expected to propel the market growth. Asia Pacific is expected to grow the fastest during the forecast period due to increasing awareness, changes in lifestyle, and improving diagnostic facilities. Moreover, rising digitalization in the healthcare sector and the increasing adoption of EHR in emerging countries are propelling market growth over the forecast period. Additionally, the improving quality of hospital services and the rising number of private players in countries such as Thailand, China, and India are also helping to boost the market growth in this region.
North America Region Internet of Medical Things [IoMT] Market Share in 2022 - 41.36%
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The platform segment is divided into device management, application management, and cloud management. The device management segment dominated, with a market share of around 39.32% in 2022. This growth is attributed to the improvements in wearable sensor devices, implanted sensor devices, and other stationary devices.
The component segment is divided into hardware, software, and services. The hardware segment dominated, with a market share of around 41.29% in 2022. This growth is attributed to the increasing usage of IoT-enabled medical equipment.
The application segment is divided into data assortment and analysis, end-to-end connectivity, real-time monitoring, remote medical assistance, and tracking and alerts. In 2022, the real-time monitoring segment dominated the market with 29.15% and a revenue of USD 17.94 billion. This growth is attributed to the ever-increasing adoption of cost-efficient and connected devices & sensors.
The product segment is divided into home-use medical devices, smart wearable devices, and point-of-care kits. In 2022, the smart wearable devices segment dominated the market with 41.25% and a revenue of USD 25.39 billion. This growth is attributed to consumers' rising adoption of smart wearable technology products. Further, by 2032, the home-use medical devices segment will likely dominate the market due to the increasing burden of chronic illnesses and the growing geriatric population across the globe.
The mode of service delivery segment is divided into on-premise and cloud. In 2022, the on-premise segment dominated the market with 57.25% and a revenue of USD 35.24 billion. This growth is attributed to its advantages, such as low cost & better security features, compared to cloud-based products.
The end-user segment is divided into homecare, clinics, hospitals, research institutes & academics, and others. In 2022, the hospital's segment dominated the market with 29.16% and a revenue of USD 17.95 billion. This growth is attributed to the ever-increasing adoption of remote patient monitoring systems and electronic health records (EHR).
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 61.56 Billion |
| Market size value in 2032 | USD 516.40 Billion |
| CAGR (2023 to 2032) | 23.70% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa. |
| Segments | Key Segments are platform, component, application, product, mode of service delivery, end-user, and regions |
North America region emerged as the largest market for internet of medical things [IoMT].
The market's growth will be influenced by the rising demand for connected devices.
The lack of skilled professionals could hamper the market growth.
The extensive adoption of electronic health records (EHR) will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Platform
4.3.2. Market Attractiveness Analysis By Component
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Product
4.3.5. Market Attractiveness Analysis By Mode of Service Delivery
4.3.6. Market Attractiveness Analysis By End-User
4.3.7. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The surging popularity of 5G technology
5.2.2. The rising government initiatives
5.3. Restraints
5.3.1. The high cost
5.3.2. The lack of skilled professionals
5.4. Opportunities
5.4.1. The increasing demand for wearable devices
5.4.2. The large adoption of electronic health records (EHR)
1. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By Platform
1.1. Segment Overview
1.2. Device Management
1.3. Application Management
1.4. Cloud Management
2. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By Component
2.1. Segment Overview
2.2. Hardware
2.3. Software
2.4. Services
3. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By Application
3.1. Segment Overview
3.2. Data Assortment and Analysis
3.3. End-To-End Connectivity
3.4. Real-Time Monitoring
3.5. Remote Medical Assistance
3.6. Tracking and Alerts
4. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By Product
4.1. Segment Overview
4.2. Home-Use Medical Devices
4.3. Smart Wearable Devices
4.4. Point-of-Care Kits
5. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By Mode of Service Delivery
5.1. Segment Overview
5.2. On-Premise
5.3. Cloud
6. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By End-User
5.4. Segment Overview
5.5. Homecare
5.6. Clinics
5.7. Hospitals
5.8. Research Institutes & Academics
5.9. Others
7. Global Internet of Medical Things [IoMT] Market Analysis and Forecast, By Regional Analysis
7.1. Segment Overview
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.2.3. Mexico
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. U.K.
7.3.4. Italy
7.3.5. Spain
7.4. Asia-Pacific
7.4.1. Japan
7.4.2. China
7.4.3. India
7.5. South America
7.5.1. Brazil
7.6. Middle East and Africa
7.6.1. UAE
7.6.2. South Africa
8. Global Internet of Medical Things [IoMT] Market-Competitive Landscape
8.1. Overview
8.2. Market Share of Key Players in Global Internet of Medical Things [IoMT] Market
8.2.1. Global Company Market Share
8.2.2. North America Company Market Share
8.2.3. Europe Company Market Share
8.2.4. APAC Company Market Share
8.3. Competitive Situations and Trends
8.3.1. Product Launches and Developments
8.3.2. Partnerships, Collaborations, and Agreements
8.3.3. Mergers & Acquisitions
8.3.4. Expansions
9. Company Profiles
9.1. Koninklijke Philips N.V.
9.1.1. Business Overview
9.1.2. Company Snapshot
9.1.3. Company Market Share Analysis
9.1.4. Company Product Portfolio
9.1.5. Recent Developments
9.1.6. SWOT Analysis
9.2. GE healthcare
9.2.1. Business Overview
9.2.2. Company Snapshot
9.2.3. Company Market Share Analysis
9.2.4. Company Product Portfolio
9.2.5. Recent Developments
9.2.6. SWOT Analysis
9.3. LifeFuels Inc.
9.3.1. Business Overview
9.3.2. Company Snapshot
9.3.3. Company Market Share Analysis
9.3.4. Company Product Portfolio
9.3.5. Recent Developments
9.3.6. SWOT Analysis
9.4. Carre Technologies Inc.
9.4.1. Business Overview
9.4.2. Company Snapshot
9.4.3. Company Market Share Analysis
9.4.4. Company Product Portfolio
9.4.5. Recent Developments
9.4.6. SWOT Analysis
9.5. Breathometer Inc.
9.5.1. Business Overview
9.5.2. Company Snapshot
9.5.3. Company Market Share Analysis
9.5.4. Company Product Portfolio
9.5.5. Recent Developments
9.5.6. SWOT Analysis
9.6. Wimm Labs
9.6.1. Business Overview
9.6.2. Company Snapshot
9.6.3. Company Market Share Analysis
9.6.4. Company Product Portfolio
9.6.5. Recent Developments
9.6.6. SWOT Analysis
9.7. Honeywell International
9.7.1. Business Overview
9.7.2. Company Snapshot
9.7.3. Company Market Share Analysis
9.7.4. Company Product Portfolio
9.7.5. Recent Developments
9.7.6. SWOT Analysis
9.8. Medtronic MiniMed
9.8.1. Business Overview
9.8.2. Company Snapshot
9.8.3. Company Market Share Analysis
9.8.4. Company Product Portfolio
9.8.5. Recent Developments
9.8.6. SWOT Analysis
9.9. IBM Corp.
9.9.1. Business Overview
9.9.2. Company Snapshot
9.9.3. Company Market Share Analysis
9.9.4. Company Product Portfolio
9.9.5. Recent Developments
9.9.6. SWOT Analysis
9.10. Meru Health
9.10.1. Business Overview
9.10.2. Company Snapshot
9.10.3. Company Market Share Analysis
9.10.4. Company Product Portfolio
9.10.5. Recent Developments
9.10.6. SWOT Analysis
9.11. Nike
9.11.1. Business Overview
9.11.2. Company Snapshot
9.11.3. Company Market Share Analysis
9.11.4. Company Product Portfolio
9.11.5. Recent Developments
9.11.6. SWOT Analysis
9.12. Apple
9.12.1. Business Overview
9.12.2. Company Snapshot
9.12.3. Company Market Share Analysis
9.12.4. Company Product Portfolio
9.12.5. Recent Developments
9.12.6. SWOT Analysis
9.13. Sano Intelligence
9.13.1. Business Overview
9.13.2. Company Snapshot
9.13.3. Company Market Share Analysis
9.13.4. Company Product Portfolio
9.13.5. Recent Developments
9.13.6. SWOT Analysis
9.14. Hexoskin
9.14.1. Business Overview
9.14.2. Company Snapshot
9.14.3. Company Market Share Analysis
9.14.4. Company Product Portfolio
9.14.5. Recent Developments
9.14.6. SWOT Analysis
9.15. Sony
9.15.1. Business Overview
9.15.2. Company Snapshot
9.15.3. Company Market Share Analysis
9.15.4. Company Product Portfolio
9.15.5. Recent Developments
9.15.6. SWOT Analysis
9.16. iRhythm
9.16.1. Business Overview
9.16.2. Company Snapshot
9.16.3. Company Market Share Analysis
9.16.4. Company Product Portfolio
9.16.5. Recent Developments
9.16.6. SWOT Analysis
9.17. Amiigo
9.17.1. Business Overview
9.17.2. Company Snapshot
9.17.3. Company Market Share Analysis
9.17.4. Company Product Portfolio
9.17.5. Recent Developments
9.17.6. SWOT Analysis
List of Table
1. Global Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
2. Global Device Management, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
3. Global Application Management, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
4. Global Cloud Management, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
5. Global Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
6. Global Hardware, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
7. Global Software, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
8. Global Services, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
9. Global Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
10. Global Data Assortment and Analysis, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
11. Global End-To-End Connectivity, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
12. Global Real-Time Monitoring, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
13. Global Remote Medical Assistance, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
14. Global Tracking and Alerts, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
15. Global Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
16. Global Home-Use Medical Devices, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
17. Global Smart Wearable Devices, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
18. Global Point-of-Care Kits, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
19. Global Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
20. Global On-Premise, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
21. Global Cloud, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
22. Global Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
23. Global Homecare, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
24. Global Clinics, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
25. Global Hospitals, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
26. Global Research Institutes & Academics, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
27. Global Others, Internet of Medical Things [IoMT] Market, By Region, 2019-2032 (USD Billion)
28. North America Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
29. North America Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
30. North America Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
31. North America Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
32. North America Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
33. North America Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
34. U.S. Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
35. U.S. Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
36. U.S. Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
37. U.S. Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
38. U.S. Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
39. U.S. Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
40. Canada Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
41. Canada Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
42. Canada Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
43. Canada Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
44. Canada Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
45. Canada Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
46. Mexico Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
47. Mexico Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
48. Mexico Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
49. Mexico Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
50. Mexico Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
51. Mexico Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
52. Europe Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
53. Europe Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
54. Europe Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
55. Europe Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
56. Europe Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
57. Europe Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
58. Germany Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
59. Germany Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
60. Germany Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
61. Germany Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
62. Germany Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
63. Germany Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
64. France Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
65. France Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
66. France Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
67. France Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
68. France Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
69. France Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
70. U.K. Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
71. U.K. Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
72. U.K. Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
73. U.K. Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
74. U.K. Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
75. U.K. Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
76. Italy Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
77. Italy Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
78. Italy Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
79. Italy Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
80. Italy Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
81. Italy Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
82. Spain Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
83. Spain Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
84. Spain Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
85. Spain Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
86. Spain Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
87. Spain Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
88. Asia Pacific Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
89. Asia Pacific Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
90. Asia Pacific Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
91. Asia Pacific Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
92. Asia Pacific Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
93. Asia Pacific Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
94. Japan Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
95. Japan Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
96. Japan Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
97. Japan Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
98. Japan Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
99. Japan Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
100. China Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
101. China Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
102. China Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
103. China Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
104. China Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
105. China Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
106. India Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
107. India Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
108. India Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
109. India Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
110. India Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
111. India Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
112. South America Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
113. South America Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
114. South America Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
115. South America Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
116. South America Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
117. South America Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
118. Brazil Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
119. Brazil Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
120. Brazil Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
121. Brazil Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
122. Brazil Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
123. Brazil Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
124. Middle East and Africa Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
125. Middle East and Africa Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
126. Middle East and Africa Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
127. Middle East and Africa Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
128. Middle East and Africa Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
129. Middle East and Africa Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
130. UAE Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
131. UAE Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
132. UAE Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
133. UAE Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
134. UAE Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
135. UAE Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
136. South Africa Internet of Medical Things [IoMT] Market, By Platform, 2019-2032 (USD Billion)
137. South Africa Internet of Medical Things [IoMT] Market, By Component, 2019-2032 (USD Billion)
138. South Africa Internet of Medical Things [IoMT] Market, By Application, 2019-2032 (USD Billion)
139. South Africa Internet of Medical Things [IoMT] Market, By Product, 2019-2032 (USD Billion)
140. South Africa Internet of Medical Things [IoMT] Market, By Mode of Service Delivery, 2019-2032 (USD Billion)
141. South Africa Internet of Medical Things [IoMT] Market, By End-User, 2019-2032 (USD Billion)
List of Figures
1. Global Internet of Medical Things [IoMT] Market Segmentation
2. Global Internet of Medical Things [IoMT] Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By Platform
9. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By Component
10. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By Application
11. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By Product
12. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By Mode of Service Delivery
13. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By End-User
14. Global Internet of Medical Things [IoMT] Market Attractiveness Analysis By Region
15. Global Internet of Medical Things [IoMT] Market: Dynamics
16. Global Internet of Medical Things [IoMT] Market Share By Platform (2023 & 2032)
17. Global Internet of Medical Things [IoMT] Market Share By Component (2023 & 2032)
18. Global Internet of Medical Things [IoMT] Market Share By Application (2023 & 2032)
19. Global Internet of Medical Things [IoMT] Market Share By Product (2023 & 2032)
20. Global Internet of Medical Things [IoMT] Market Share By Mode of Service Delivery (2023 & 2032)
21. Global Internet of Medical Things [IoMT] Market Share By End-User (2023 & 2032)
22. Global Internet of Medical Things [IoMT] Market Share By Regions (2023 & 2032)
23. Global Internet of Medical Things [IoMT] Market Share By Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global Internet of Medical Things [IoMT] based on below mentioned segments:
Global Internet of Medical Things [IoMT] Market by Platform:
Global Internet of Medical Things [IoMT] Market by Component:
Global Internet of Medical Things [IoMT] Market by Application:
Global Internet of Medical Things [IoMT] Market by Product
Global Internet of Medical Things [IoMT] Market by Mode of Service Delivery
Global Internet of Medical Things [IoMT] Market by End-User
Global Internet of Medical Things [IoMT] by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
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