Internet of Things Market in the Healthcare Sector

“Global Internet of Things Market in the Healthcare Sector: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global Internet of Things Market in the Healthcare Sector. The Internet of Things (IoT) is employed in the healthcare sector to connect different devices in hospitals, clinics, and other medical settings. It is used for collecting data, analyzing research, and monitoring electronic health records (EHR), which contain individual personal information, protected health information, and other machine-generated healthcare data. It is used in cancer treatment, smart continuous glucose monitoring (CGM) and insulin pens, closed-loop insulin delivery, connected inhalers, and ingestible sensors. It aids in increasing patient comfort, enabling better patient satisfaction, and improving recovery rates.

The escalating demand for remote patient monitoring on account of the rising prevalence of chronic diseases among the masses represents one of the major factors positively influencing the usage of IoT in the healthcare sector around the world. It can also be attributed to the growing aging population, which is more prone to these ailments. Moreover, rapid digitization, considerable reliance on smartphones, and increasing penetration of high-speed internet connectivity are driving the need for m-health applications to collect patient data in real time. In addition, the rising utilization of robots for surgical and rehabilitation procedures in the healthcare industry is contributing to the market growth. Apart from this, IoT is integrated into numerous medical devices and systems for the convenient and secure management of data. It also assists in producing patient-specific information, which is used to offer personalized diagnostic and pharmaceutical services. Furthermore, it is utilized in healthcare cold chain monitoring systems to provide real-time information and predictive alerts of warehouse management, transportation, and delivery. Along with this, the increasing need for vaccines and biopharmaceuticals and the rising demand for transporting highly sophisticated clinical trial specimens and biologics are creating a positive outlook for the market. Besides this, significant improvement in the healthcare infrastructure and extensive research and development (R&D) activities in the field of medical science and telecommunications technologies are other growth-inducing factors.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the Internet of Things Market in the Healthcare Sector and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the Internet of Things Market in the Healthcare Sector in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the Internet of Things Market in the Healthcare Sector in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the Internet of Things Market in the Healthcare Sector and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Internet of Things Market in the Healthcare Sector along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Internet of Things Market in the Healthcare Sector by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Internet of Things Market in the Healthcare Sector. Furthermore, the value chain analysis of the Internet of Things Market in the Healthcare Sector has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Internet of Things Market in the Healthcare Sector 

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Internet of Things Market in the Healthcare Sector. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.