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IoT Healthcare Market

IoT Healthcare Market Size by Connectivity (Wi-Fi, Cellular, Bluetooth, Zigbee, LPWANs, RFID and Others), Product Type [Medical Devices (Implanted Medical Devices, Wearable External Devices and Stationary Medical Devices), Services (Support & Maintenance Services, System Integration Services and Consultation & Training), and Software (Data Analytics, Remote Device Management, Application Security, Network Bandwidth Management and Network Security)], Application (Patient Monitoring, Clinical Operations, Connected Imaging, Telemedicine, Medical Management and Others), End-users (Hospitals and Clinics, Clinical Research Organizations, Government and Defense Institutions, and Research and Diagnostic Laboratories), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13595
  • Published Date: Jul, 2023
  • Pages: 232
  • Category: Healthcare
  • Format: PDF
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The global IoT healthcare market was valued at USD 173.01 Billion in 2022 and grew at a CAGR of 18.82% from 2023 to 2032. The market is expected to reach USD 970.43 Billion by 2032. The growth of the IoT healthcare market can be attributed to the rise in disposable income of consumers along with growing interest towards fitness.

Market Introduction:

Remote monitoring is now a realistic possibility due to the Internet of Things, unleashing the potential to provide efficient patient treatment. With the help of IoT, communication between patients and healthcare professionals has become accessible and easy. Additionally, by monitoring the patient's health, remote patient monitoring constantly reduces hospital stays and prevents readmissions. IoT significantly improves patient outcomes while reducing healthcare costs. By changing how people connect while offering healthcare solutions, IoT is revolutionizing the healthcare industry. Patients, healthcare professionals, healthcare organizations, and insurance providers benefit from IoT applications in healthcare. IoT has altered people's lives, particularly those of elderly patients, by making it possible to track medical issues continuously.

IoT Healthcare Market Size

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Recent Development
  • In June 2022, a significant player, GE Healthcare, launched an IoT platform, Allia Platform, designed for minimally invasive surgery. Allia's design aimed to increase the use of picture guidance in everyday practice, increase workflow efficiency, and improve user experience.

Market Dynamics:

Drivers

Increasing usage of IoT healthcare devices and software: The Internet of Things is becoming vital in numerous sectors as the world becomes more digitized. IoT healthcare use cases range from enhanced equipment control to virtual medical aid and are commonplace globally. The quick detection of diseases and the development of effective treatments made possible by contemporary technology can save patients' lives. Physicians may follow patients' health more efficiently using medical IoT wearables and IoT-enabled home monitoring devices. Doctors can determine the optimal type of treatment and patient monitoring with the help of the data collected from IoT healthcare equipment. Defibrillators, oxygen pumps, wheelchairs, and other similar monitoring devices are examples of medical aids and equipment that may be tracked in real-time using IoT in hospitals due to sensors integrated into the technology. It allows for the examination of medical staff deployment at various places in addition to equipment.

Restraints:

High deployment cost: The IoT healthcare market may need to be improved by the high cost of devices and software. Given the components and expertise required for manufacturing, the material for designing IoT healthcare systems and software are erratic and expensive. Their expensive cost may constrain the use of IoT healthcare devices. Also, maintenance costs and other miscellaneous costs affect the market growth of IoT healthcare. The high cost of IoT healthcare systems, software and services is restraining the market growth, especially in developing regions.

Opportunities:

Increasing investment in digital health technology: Modern healthcare organizations use technology like remote monitoring and virtual consultations to improve patient outcomes save costs, and increase access to care. As a result, investors who are looking to invest in healthcare technology that has the potential to transform the current healthcare system are ultimately experiencing growth in their returns. Digital health interventions can be successful long-term solutions that improve the health and well-being of the target population with the correct strategy and efficient investment. The World Health Organisation has announced to assist in ensuring that investments in digital health are durable, efficient and egalitarian.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant IoT healthcare market, with a 42.91% market revenue share in 2022.

North American region will account for the largest market share with revenue growth. Nations such as the U.S., Canada and Mexico have a tremendous demand for IoT healthcare systems due to state agencies' rising investment in healthcare institutions. The high investment in research and development of high-end and next-generation IoT healthcare systems and software will lead to a substantial growth rate in the market. Further, increasing technological advancements have increased the reliability of IoT healthcare software, systems and devices.

North America region IoT healthcare Market Share in 2022 - 42.91%

 

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Connectivity Segment Analysis

The connectivity segment is divided into Wi-Fi, cellular, Bluetooth, Zigbee, LPWANs, RFID and others. The Wi-Fi segment dominated the market, with a share of around 29.03% in 2022. Wi-Fi enables IT administrators in the healthcare industry to address the rising connectivity needs of patients, their relatives, and healthcare workers. The use of Wi-Fi contributes to universal interoperability and a good user experience as the number of Wi-Fi devices connected to hospital networks rises.

Product Type Segment Analysis

The product type segment is divided into medical devices, services and software. The medical devices segment further includes implanted medical devices, wearable external devices and stationary medical devices. The services segment further includes support & maintenance services, system integration services and consultation & training. The software segment further includes data analytics, remote device management, application security, network bandwidth management and network security. The medical devices segment dominated the market, with a share of around 46.11% in 2022. The IoT healthcare medical devices are used in several applications across hospitals, clinics, diagnostic laboratories and diagnostic centres. The IoT sensors stream real-time information such as health rate, blood pressure and glucose monitoring.

Application Segment Analysis

The application segment is divided into patient monitoring, clinical operations, connected imaging, telemedicine, medical management and others. The patient monitoring segment dominated the market, with a share of around 48.03% in 2022. The purpose of using healthcare payers is to improve the patient's quality of life by gaining real-time information about their condition and monitoring physiological markers, including heart rate and body temperature.

End-users Segment Analysis

The end-users segment is divided into hospitals and clinics, clinical research organizations, government and defence institutions, and research and diagnostic laboratories. The hospitals and clinics segment dominated the market, with a share of around 45.92% in 2022. IoT devices are now widely used by hospitals and clinics to remind patients of different applications. Healthcare practitioners can expand their reach outside the conventional clinical setting due to the Internet of Things.

Some of the Key Market Players:
  • Cisco Systems Inc.
  • Medtronic
  • IBM Corporation
  • Microsoft Corporation
  • GE Healthcare
  • Infosys Limited
  • SAP SE
  • Cerner Corporation
  • QUALCOMM Incorporated
  • Wipro ltd.
  • Intel Corporation
  • Koninklijke Philips N.V.
  • Siemens Healthineers
  • Abbot Laboratories,
  • Honeywell Life Care Solutions
  • Boston Scientific Corporation
  • Securitas Healthcare, LLC.
  • Johnson & Johnson
  • OMRON Healthcare

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 173.01 Billion
Market size value in 2032 USD 970.43 Billion
CAGR (2023 to 2032) 18.82%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Connectivity, Product Type, Application and End-users

Frequesntly Asked Questions

As per The Brainy Insights, the size of the IoT healthcare market was valued 173.01 billion in 2022 to USD 970.43 billion by 2032.

Global IoT Healthcare market is growing at a CAGR of 18.82% during the forecast period 2023-2032.

North America region emerged as the largest market for the IoT Healthcare.

The market's growth will be influenced by the growing use of IoT Healthcare.

The high cost of these IoT systems can hamper the market growth.

The increasing investment in digital technologies is providing huge opportunities to the market.

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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 Connectivity
          4.3.2. Market Attractiveness Analysis by Product Type
          4.3.3. Market Attractiveness Analysis by Application
          4.3.4. Market Attractiveness Analysis by End-users
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing use of IoT healthcare
    5.3. Restraints
          5.3.1. High cost of deployment
    5.4. Opportunities
          5.4.1. Increasing investment in digital technologies
    5.5. Challenges
          5.5.1. Data privacy issues

6. Global IoT Healthcare Market Analysis and Forecast, By Connectivity
    6.1. Segment Overview
    6.2. Wi-Fi
    6.3. Cellular
    6.4. Bluetooth
    6.5. Zigbee
    6.6. LPWANs
    6.7. RFID
    6.8. Others

7. Global IoT Healthcare Market Analysis and Forecast, By Product Type
    7.1. Segment Overview
    7.2. Medical Devices
          7.2.1. Implanted Medical Devices
          7.2.2. Wearable External Devices
          7.2.3. Stationary Medical Devices
    7.3. Services
          7.3.1. Support & Maintenance Services
          7.3.2. System Integration Services
          7.3.3. Consultation & Training
    7.4. Software
          7.4.1. Data Analytics
          7.4.2. Remote Device Management
          7.4.3. Application Security
          7.4.4. Network Bandwidth Management
          7.4.5. Network Security

8. Global IoT Healthcare Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Patient Monitoring
    8.3. Clinical Operations
    8.4. Connected Imaging
    8.5. Telemedicine
    8.6. Medical Management
    8.7. Others

9. Global IoT Healthcare Market Analysis and Forecast, By End-users
    9.1. Segment Overview
    9.2. Hospitals and Clinics
    9.3. Clinical Research Organizations
    9.4. Government and Defense Institutions
    9.5. Research and Diagnostic Laboratories

10. Global IoT Healthcare Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global IoT Healthcare Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the IoT Healthcare Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Cisco Systems Inc.
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Medtronic
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. IBM Corporation
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Microsoft Corporation
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. GE Healthcare
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Infosys Limited
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. SAP SE
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Cerner Corporation
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. QUALCOMM Incorporated
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Wipro ltd.
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Intel Corporation
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Koninklijke Philips N.V.
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. Siemens Healthineers
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis
    12.14. Abbot Laboratories
          12.14.1. Business Overview
          12.14.2. Company Snapshot
          12.14.3. Company Market Share Analysis
          12.14.4. Company Product Portfolio
          12.14.5. Recent Developments
          12.14.6. SWOT Analysis
    12.15. Honeywell Life Care Solutions
          12.15.1. Business Overview
          12.15.2. Company Snapshot
          12.15.3. Company Market Share Analysis
          12.15.4. Company Product Portfolio
          12.15.5. Recent Developments
          12.15.6. SWOT Analysis
    12.16. Boston Scientific Corporation
          12.16.1. Business Overview
          12.16.2. Company Snapshot
          12.16.3. Company Market Share Analysis
          12.16.4. Company Product Portfolio
          12.16.5. Recent Developments
          12.16.6. SWOT Analysis
    12.17. Securitas Healthcare, LLC.
          12.17.1. Business Overview
          12.17.2. Company Snapshot
          12.17.3. Company Market Share Analysis
          12.17.4. Company Product Portfolio
          12.17.5. Recent Developments
          12.17.6. SWOT Analysis
    12.18. Johnson & Johnson
          12.18.1. Business Overview
          12.18.2. Company Snapshot
          12.18.3. Company Market Share Analysis
          12.18.4. Company Product Portfolio
          12.18.5. Recent Developments
          12.18.6. SWOT Analysis
    12.19. OMRON Healthcare
          12.19.1. Business Overview
          12.19.2. Company Snapshot
          12.19.3. Company Market Share Analysis
          12.19.4. Company Product Portfolio
          12.19.5. Recent Developments
          12.19.6. SWOT Analysis

List of Table

1. Global IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

2. Global Wi-Fi, Based IoT Healthcare, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

3. Global Cellular, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

4. Global Bluetooth, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

5. Global Zigbee, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

6. Global LPWANs, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

7. Global RFID, IoT Healthcare Market, By Region, 2019-2032 (USD Billion)

8. Global Others, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

9. Global IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

10. Global Medical Devices, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

11. Global Service, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

12. Global Software, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

13. Global IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

14. Global Patient Monitoring, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

15. Global Clinical Operations, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

16. Global Connected Imaging, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

17. Global Telemedicine, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

18. Global Medical Management, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

19. Global Others, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

20. Global IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

21. Global Hospitals and Clinics, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

22. Global Clinical Research Organizations, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

23. Global Government and Defense Institutions, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

24. Global Research and Diagnostic Laboratories, IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

25. Global IoT Healthcare Market, By Region, 2019-2032 (USD Billion) 

26. North America IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

27. North America IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

28. North America IoT Healthcare Market, By Application, 2019-2032 (USD Billion)

29. North America IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

30. U.S. IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

31. U.S. IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

32. U.S. IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

33. U.S. IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

34. Canada IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

35. Canada IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

36. Canada IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

37. Canada IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

38. Mexico IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

39. Mexico IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

40. Mexico IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

41. Mexico IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

42. Europe IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

43. Europe IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

44. Europe IoT Healthcare Market, By Application, 2019-2032 (USD Billion)

45. Europe IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

46. Germany IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

47. Germany IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

48. Germany IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

49. Germany IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

50. France IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

51. France IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

52. France IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

53. France IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

54. U.K. IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

55. U.K. IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

56. U.K. IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

57. U.K. IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

58. Italy IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

59. Italy IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

60. Italy IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

61. Italy IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

62. Spain IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

63. Spain IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

64. Spain IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

65. Spain IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

66. Asia Pacific IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

67. Asia Pacific IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

68. Asia Pacific IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

69. Asia Pacific IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

70. Japan IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

71. Japan IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

72. Japan IoT Healthcare Market, By Application, 2019-2032 (USD Billion)

73. Japan IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

74. China IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

75. China IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

76. China IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

77. China IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

78. India IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

79. India IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

80. India IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

81. India IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

82. South America IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

83. South America IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

84. South America IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

85. South America IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

86. Brazil IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

87. Brazil IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

88. Brazil IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

89. BrazilIoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

90. Middle East and Africa IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

91. Middle East and Africa IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

92. Middle East and Africa IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

93. Middle East and Africa IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

94. UAE IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

95. UAE IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

96. UAE IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

97. UAE IoT Healthcare Market, By End-users, 2019-2032 (USD Billion) 

98. South Africa IoT Healthcare Market, By Connectivity, 2019-2032 (USD Billion) 

99. South Africa IoT Healthcare Market, By Product Type, 2019-2032 (USD Billion) 

100. South Africa IoT Healthcare Market, By Application, 2019-2032 (USD Billion) 

101. South Africa IoT Healthcare Market, By End-users, 2019-2032 (USD Billion)  

List of Figures

1. Global IoT Healthcare Market Segmentation

2. IoT Healthcare 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 IoT Healthcare Market Attractiveness Analysis by Connectivity

9. Global IoT Healthcare Market Attractiveness Analysis by Product Type

10. Global IoT Healthcare Market Attractiveness Analysis by Application

11. Global IoT Healthcare Market Attractiveness Analysis by End-users

12. Global IoT Healthcare Market Attractiveness Analysis by Region

13. Global IoT Healthcare Market: Dynamics

14. Global IoT Healthcare Market Share by Connectivity (2022 & 2032)

15. Global IoT Healthcare Market Share by Product Type (2022 & 2032)

16. Global IoT Healthcare Market Share by Application (2022 & 2032)

17. Global IoT Healthcare Market Share by End-users (2022 & 2032)

18. Global IoT Healthcare Market Share by Regions (2022 & 2032)

19. Global IoT Healthcare 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 IoT healthcare market based on below mentioned segments:

Global IoT Healthcare Market by Connectivity:

  • Wi-Fi
  • Cellular
  • Bluetooth
  • Zigbee
  • LPWANs
  • RFID
  • Others

Global IoT Healthcare Market by Product Type:

  • Medical Devices
    • Implanted Medical Devices
    • Wearable External Devices
    • Stationary Medical Devices
  • Services
    • Support & Maintenance Services
    • System Integration Services
    • Consultation & Training
  • Software
    • Data Analytics
    • Remote Device Management
    • Application Security
    • Network Bandwidth Management
    • Network Security

Global IoT Healthcare Market by Application:

  • Patient Monitoring
  • Clinical Operations
  • Connected Imaging
  • Telemedicine
  • Medical Management
  • Others

Global IoT Healthcare Market by End-users:

  • Hospitals and Clinics
  • Clinical Research Organizations
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories

Global IoT Healthcare Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

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:

MARKET RESEARCH PROCESS

Data Procurement:

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:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

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:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

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:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

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:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

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:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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