Monday, July 16, 2018

Global IoT Healthcare Market by Connectivity Technology, Application, Regional Analysis and Forecast to 2023

Global internet of things healthcare market size is expected to reach $267.6 billion by 2023. The market is mainly driven by the growing need for remote patient monitoring services, growing demand for advanced healthcare information systems, increasing prevalence of chronic and lifestyle associated diseases, growing demand for mHealth technologies, and increasing support from government organizations.


Based on connectivity technology, the internet of things healthcare market is categorized into Wi-Fi, Bluetooth low energy, near field communication, ZigBee, cellular, and satellite. Among these, the fastest growth during the forecast period is expected from Wi-Fi technology, with 32.1% CAGR. This is attributed to the increasing adoption of Wi-Fi gadgets and tools in hospitals for sending the medical data to-and-from the cloud.

Internet of things in healthcare finds application in telemedicine, clinical operations, medication management, connected imaging, inpatient monitoring, and others. During the forecast period, the market is expected to witness the highest growth from the telemedicine application category, with a CAGR of 32.1%.


Key players in the internet of things healthcare industry are seeking partnerships and acquisitions to provide more effective solutions. For instance, in February 2018, Qualcomm Life Inc., a subsidiary of Qualcomm Inc., announced an exclusive strategic licensing agreement with AlertWatch Inc., an Ann Arbor based company, for the development of intelligent care software systems to assist the real-time care of patients in the operating room. The agreement provides Qualcomm Life Inc. with exclusive rights to market and sell AlertWatch, used by clinicians for secondary monitoring of patients in operating rooms.

Besides, in February 2018, Qualcomm Life Inc. announced a strategic reseller agreement with PeriGen Inc. The agreement with PeriGen Inc. would allow the former to license and sell PeriWatch Vigilance, an early warning platform for obstetrics that automatically identifies patients whose condition is worsening, facilitating more timely interventions.

Browse report overview with detailed TOC on "IoT Healthcare Market" at: https://www.psmarketresearch.com/market-analysis/internet-of-things-in-healthcare-market

Some of the other key players operating in the internet of things healthcare industry are Koninklijke Philips N.V., Cisco Systems Inc., General Electric Company, Honeywell International Inc., SAP SE, Stanley Black & Decker Inc., International Business Machine Corporation (IBM Corp.), Medtronic plc, and Microsoft Corporation.

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