The global IoT in healthcare market is projected to grow from USD 127.7 billion in 2023 to USD 289.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. The need to streamline operations by automating a range of healthcare processes in order to reduce costs and improve efficiency will drive the market.
Inpatient Monitoring segment to grow at a higher CAGR during the forecast period
In-patient monitoring is a process that involves continuous monitoring of a patient’s physiological functions for guiding management decisions and making therapeutic interventions. The increasing focus on the deployment of technologies such as IoT, AI, and robotics to reduce manpower for cost-savings and to minimize physical contact will drive the market Clinical Research Organizations segment to grow at the highest CAGR during the forecast period. Clinical Research Organizations are adopting to IoT based technology to collect more data, monitor patients more effectively, and manage clinical trials more efficiently. Also, IoT is enabling faster analysis and information flow to clinical research organizations, thereby helping them with faster operations and outcomes.
North America region to record the highest market share in the IoT in Healthcare market in 2022
North America is expected to have the largest share in the overall IoT in Healthcare market. The penetration of chronic diseases has led organizations in the region to readily develop innovative solutions for combating the rising disease scenario. Hence, healthcare organizations are rapidly moving toward providing high-tech solutions for the already-established healthcare system in the region. Connected health solutions, including health IT, Electronic Medical Record (EMR), digital health, video-enabled telehealth and telemedicine, mobile health and m-Health, remote patient monitoring, IoT, AI, Virtual Reality (VR), exponential medicine, e-Patient, hearables, and wearables are being adopted by healthcare providers across the region.
Breakup of Primaries
- By Company Type: Tier 1 - 45%, Tier 2 - 40%, and Tier 3 - 15%
- By Designation: C-level - 40%, Directors - 35%, Managers - 15%, and Others - 10%
- By Region: North America - 15%, Europe - 35%, Asia-Pacific - 40%, and Rest of the World (RoW) - 10%
This research study outlines the market potential, market dynamics, and major vendors operating in the IoT in Healthcare market. Key and innovative vendors in the IoT in Healthcare market include Cisco (US), IBM (US), GE Healthcare (US), Microsoft (US), SAP (Germany), Medtronic (Ireland), Royal Philips (Netherlands), Resideo Technologies (US), Securitas (Sweden), Bosch (Germany), Armis (US), Oracle (US), PTC (US), Huawei (China), Seimens (Germany), R-Style Lab (US), HQSoftware (Estonia), Oxagile (US), Softweb Solutions (US), OSP Labs (US), Comarch SA (Poland), Telit (UK), Kore Wireless (US), ScienceSoft (US), Intel (US), AgaMatrix (US), Welch Allyn (US), AliveCor (US), Sensly (US), and Clover Health (US). These vendors have adopted many organic as well as inorganic growth strategies, such as new product launches, and partnerships and collaborations, to expand their offerings and market shares in the IoT in Healthcare market.
Research Coverage
The market study covers the IoT in Healthcare market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on component, application, end-user and regions. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall IoT in Healthcare market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Stakeholders
1.5 Summary of Changes
1.5.1 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 1 IoT in Healthcare Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Primary Interviews
2.1.2.2 Breakup of Primary Profiles
2.1.2.3 Key Industry Insights
2.2 Market Breakup and Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side) - Revenue of IoT in Healthcare Devices, Systems & Software, and Services
Figure 4 Market Size Estimation Methodology: Approach 1 - Bottom Up (Supply Side): Collective Revenue of All Medical Devices, Systems and Software, and Services of IoT in Healthcare
Figure 5 Market Size Estimation Methodology: Approach 2 - Top-Down (Demand Side): Share of Healthcare Through Overall IoT Spending
2.4 Market Forecast
Table 1 Factor Analysis
2.5 Research Assumptions
2.6 Research Limitations
2.7 Impact of Recession
Figure 6 IoT in Healthcare Market: to Witness Slight Dip in Y-O-Y in 2023
3 Executive Summary
Figure 7 Market: Regional Snapshot
4 Premium Insights
4.1 Attractive Opportunities for Companies in IoT in Healthcare Market
Figure 8 Reduced Cost of Care and Evolution of Artificial Intelligence Technology to Drive Growth
4.2 Market, by Component and Region, 2023
Figure 9 Medical Devices Segment and North America to Dominate in 2023
4.3 Market, by Region, 2023
Figure 10 Asia-Pacific to Grow at Highest CAGR During Forecast Period
5 IoT in Healthcare Market Overview and Industry Trends
5.1 Market Overview
5.2 Market Dynamics
Figure 11 Drivers, Restraints, Opportunities, and Challenges: IoT in Healthcare Market
5.2.1 Drivers
5.2.1.1 Rising Adoption of IoMT in Healthcare Industry
5.2.1.2 Rising Focus on Active Patient Engagement and Patient-Centric Care
5.2.1.3 Growing Need for Cost Control Measures in Healthcare
5.2.1.4 Increased Adoption of High-Speed Network Technologies for IoT Connectivity
5.2.1.5 Evolution of Complementing Technologies Such as Artificial Intelligence and Big Data
5.2.1.6 Need for Healthcare in Remote Locations
5.2.2 Restraints
5.2.2.1 Outdated Infrastructure Hindering Digital Growth of Medical Industry
5.2.2.2 Internet Disruptions Leading to IoT Device Issues
5.2.3 Opportunities
5.2.3.1 Low Doctor-to-Patient Ratio Leading to Increased Dependency on Self-Operated e-Health Platforms
5.2.3.2 Government Initiatives for Promoting Digital Health
Figure 12 Healthcare Spending, by Country, 2021 (% of GDP)
5.2.3.3 IoT for COVID-19 Patient Monitoring
5.2.3.4 Health Insurers with IoT-Connected Intelligent Devices
5.2.4 Challenges
5.2.4.1 Increase in Cyberattacks due to Data Security Constrictions
5.2.4.2 Integration of Multiple Devices and Protocols Leading to Data Overload
5.2.4.3 High Cost of Technology Implementation
5.3 Factor Analysis
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.4 Use Cases
5.4.1 Use Case 1: Connected Healthcare
5.4.2 Use Case 2: Asset Tracking
5.4.3 Use Case 3: Remote Patient Monitoring
5.5 Industry Trends
5.5.1 Evolution
Figure 13 Evolution of IoT in Healthcare
5.5.2 Regulatory Implications
5.5.2.1 ISO Standards - ISO 27799:2008 and ISO/TR 27809:2007
5.5.2.2 Internet of Medical Things Resilience Partnership Act (2017)
5.5.2.3 Health Insurance Portability and Accountability Act
5.5.2.4 HIPAA Privacy Rule
5.5.2.5 HIPAA Security Rule
5.5.2.6 CEN ISO/IEEE 11073
5.5.2.7 CEN/CENELEC
Table 2 Key Use Cases
5.6 Technological Analysis
5.6.1 Artificial Intelligence
5.6.2 Machine Learning
5.6.3 Natural Language Processing
5.6.4 Big Data
5.6.5 Speech Recognition
5.6.6 5G
5.7 Pricing Analysis
Table 3 Average Selling Price, by Key Player
5.8 Patent Analysis
Figure 14 Top Ten Patent Applicants (Global)
Table 4 Top Twenty Patent Owners
5.9 Porter's Five Forces Analysis
Table 5 IoT in Healthcare Market: Porter's Five Forces Model
5.9.1 Threat of New Entrants
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Buyers
5.9.4 Bargaining Power of Suppliers
5.9.5 Intensity of Competitive Rivalry
5.10 Key Conferences and Events, 2023
Table 6 Market: Key Conferences and Events
5.11 Value Chain Analysis
Figure 15 Market: Value Chain Analysis
6 IoT in Healthcare Market, by Component
6.1 Introduction
Figure 16 Systems & Software Segment to Grow at Highest CAGR from 2023 to 2028
Table 7 IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 8 Market, by Component, 2023-2028 (USD Billion)
6.2 Medical Devices
6.2.1 Medical Devices: Market Drivers
Figure 17 Implanted Medical Devices Segment to be Largest Subsegment by 2028
Table 9 Medical Devices: IoT in Healthcare Market, by Type, 2018-2022 (USD Billion)
Table 10 Medical Devices: Market, by Type, 2023-2028 (USD Billion)
Table 11 Medical Devices: Market, by Region, 2018-2022 (USD Billion)
Table 12 Medical Devices: Market, by Region, 2023-2028 (USD Billion)
Table 13 Medical Devices: North American Market, by Country, 2018-2022 (USD Billion)
Table 14 Medical Devices: North American Market, by Country, 2023-2028 (USD Billion)
6.2.2 Stationary Medical Devices
6.2.2.1 Technological Advancements in Medical Technology
Table 15 Stationary Medical Devices Market, by Region, 2018-2022 (USD Billion)
Table 16 Stationary Medical Devices Market, by Region, 2023-2028 (USD Billion)
Table 17 Stationary Medical Devices: North American Market, by Country, 2018-2022 (USD Billion)
Table 18 Stationary Medical Devices: North American Market, by Country, 2023-2028 (USD Billion)
6.2.3 Implanted Medical Devices
6.2.3.1 Increasing Demand for Minimally Invasive Procedures
Table 19 Implanted Medical Devices Market, by Region, 2018-2022 (USD Billion)
Table 20 Implanted Medical Devices Market, by Region, 2023-2028 (USD Billion)
Table 21 Implanted Medical Devices: North American Market, by Country, 2018-2022 (USD Billion)
Table 22 Implanted Medical Devices: North American Market, by Country, 2023-2028 (USD Billion)
6.2.4 Wearable External Medical Devices
6.2.4.1 Increasing Focus on Preventative Healthcare
Table 23 Wearable External Medical Devices Market, by Region, 2018-2022 (USD Billion)
Table 24 Wearable External Medical Devices Market, by Region, 2023-2028 (USD Billion)
Table 25 Wearable External Medical Devices: North American Market, by Country, 2018-2022 (USD Billion)
Table 26 Wearable External Medical Devices: North American Market, by Country, 2023-2028 (USD Billion)
6.3 Systems & Software
6.3.1 Systems & Software: Market Drivers
Figure 18 Application Security Segment to Grow at Highest CAGR During Forecast Period
Table 27 Systems & Software: IoT in Healthcare Market, by Type, 2018-2022 (USD Billion)
Table 28 Systems & Software: Market, by Type, 2023-2028 (USD Billion)
Table 29 Systems & Software: Market, by Region, 2018-2022 (USD Billion)
Table 30 Systems & Software: Market, by Region, 2023-2028 (USD Billion)
Table 31 Systems & Software: North American Market, by Country, 2018-2022 (USD Billion)
Table 32 Systems & Software: North American Market, by Country, 2023-2028 (USD Billion)
6.3.2 Remote Device Management
6.3.2.1 Need to Improve Patient Outcomes
Table 33 Remote Device Management Market, by Region, 2018-2022 (USD Billion)
Table 34 Remote Device Management Market, by Region, 2023-2028 (USD Billion)
Table 35 Remote Device Management: North American Market, by Country, 2018-2022 (USD Billion)
Table 36 Remote Device Management: North American Market, by Country, 2023-2028 (USD Billion)
6.3.3 Network Bandwidth Management
6.3.3.1 Need for Timely Transmission of Data
Table 37 Network Bandwidth Management Market, by Region, 2018-2022 (USD Billion)
Table 38 Network Bandwidth Management Market, by Region, 2023-2028 (USD Billion)
Table 39 Network Bandwidth Management: North American Market, by Country, 2018-2022 (USD Billion)
Table 40 Network Bandwidth Management: North American Market, by Country, 2023-2028 (USD Billion)
6.3.4 Data Analytics
6.3.4.1 Need to Analyze Large Datasets and Gain Insights
Table 41 Data Analytics Market, by Region, 2018-2022 (USD Billion)
Table 42 Data Analytics Market, by Region, 2023-2028 (USD Billion)
Table 43 Data Analytics: North American Market, by Country, 2018-2022 (USD Billion)
Table 44 Data Analytics: North American Market, by Country, 2023-2028 (USD Billion)
6.3.5 Application Security
6.3.5.1 Security Breaches in IoT Healthcare
Table 45 Application Security Market, by Region, 2018-2022 (USD Billion)
Table 46 Application Security Market, by Region, 2023-2028 (USD Billion)
Table 47 Application Security: North American Market, by Country, 2018-2022 (USD Billion)
Table 48 Application Security: North American Market, by Country, 2023-2028 (USD Billion)
6.3.6 Network Security
6.3.6.1 Increasing Cyber Threats
Table 49 Network Security Market, by Region, 2018-2022 (USD Billion)
Table 50 Network Security Market, by Region, 2023-2028 (USD Billion)
Table 51 Network Security: North American Market, by Country, 2018-2022 (USD Billion)
Table 52 Network Security: North American Market, by Country, 2023-2028 (USD Billion)
6.4 Services
6.4.1 Services: Market Drivers
Figure 19 Deployment & Integration Segment to Grow at Highest Rate During Forecast Period
Table 53 Services: IoT in Healthcare Market, by Type, 2018-2022 (USD Billion)
Table 54 Services: Market, by Type, 2023-2028 (USD Billion)
Table 55 Services: Market, by Region, 2018-2022 (USD Billion)
Table 56 Services: Market, by Region, 2023-2028 (USD Billion)
Table 57 Services: North American Market, by Country, 2018-2022 (USD Billion)
Table 58 Services: North American Market, by Country, 2023-2028 (USD Billion)
6.4.2 Deployment & Integration
6.4.2.1 Integrating Operational and Enterprise Environments for Secured IoT Experience
Table 59 Deployment & Integration Market, by Region, 2018-2022 (USD Billion)
Table 60 Deployment & Integration Market, by Region, 2023-2028 (USD Billion)
Table 61 Deployment & Integration: North American Market, by Country, 2018-2022 (USD Billion)
Table 62 Deployment & Integration: North American Market, by Country, 2023-2028 (USD Billion)
6.4.3 Consulting
6.4.3.1 Need to Implement Data Management Processes and Systems
Table 63 Consulting Market, by Region, 2018-2022 (USD Billion)
Table 64 Consulting Market, by Region, 2023-2028 (USD Billion)
Table 65 Consulting: North American Market, by Country, 2018-2022 (USD Billion)
Table 66 Consulting: North American Market, by Country, 2023-2028 (USD Billion)
6.4.4 Support & Maintenance
6.4.4.1 Need for Healthcare Organizations to Ensure Optimal Performance and Prevent Downtime
Table 67 Support & Maintenance Market, by Region, 2018-2022 (USD Billion)
Table 68 Support & Maintenance Market, by Region, 2023-2028 (USD Billion)
Table 69 Support & Maintenance: North American Market, by Country, 2018-2022 (USD Billion)
Table 70 Support & Maintenance: North American Market, by Country, 2023-2028 (USD Billion)
7 IoT in Healthcare Market, by Application
7.1 Introduction
Figure 20 In-Patient Monitoring Segment to Grow at Highest CAGR from 2023 to 2028
Table 71 Market, by Application, 2018-2022 (USD Billion)
Table 72 Market, by Application, 2023-2028 (USD Billion)
7.2 Telemedicine
7.2.1 Telemedicine: Market Drivers
Table 73 Telemedicine: IoT in Healthcare Market, by Region, 2018-2022 (USD Billion)
Table 74 Telemedicine: Market, by Region, 2023-2028 (USD Billion)
Table 75 Telemedicine: North American Market, by Country, 2018-2022 (USD Billion)
Table 76 Telemedicine: North American Market, by Country, 2023-2028 (USD Billion)
7.2.2 Store-And-Forward Telemedicine
7.2.2.1 Need to Improve Diagnostic Accuracy
7.2.3 Remote Patient Monitoring
7.2.3.1 Need to Improve Patient Outcome and Convenience
7.2.4 Interactive Telemedicine
7.2.4.1 Need to Provide Real-Time Communication
7.3 Clinical Operations & Workflow Management
7.3.1 Clinical Operations & Workflow Management: Market Drivers
Table 77 Clinical Operations & Workflow Management: Market, by Region, 2018-2022 (USD Billion)
Table 78 Clinical Operations & Workflow Management: Market, by Region, 2023-2028 (USD Billion)
Table 79 Clinical Operations & Workflow Management: North American Market, by Country, 2018-2022 (USD Billion)
Table 80 Clinical Operations & Workflow Management: North American Market, by Country, 2023-2028 (USD Billion)
7.4 Connected Imaging
7.4.1 Connected Imaging: Market Drivers
Table 81 Connected Imaging: IoT in Healthcare Market, by Region, 2018-2022 (USD Billion)
Table 82 Connected Imaging: Market, by Region, 2023-2028 (USD Billion)
Table 83 Connected Imaging: North American Market, by Country, 2018-2022 (USD Billion)
Table 84 Connected Imaging: North American Market, by Country, 2023-2028 (USD Billion)
7.5 In-Patient Monitoring
7.5.1 In-Patient Monitoring: Market Drivers
Table 85 In-Patient Monitoring: Market, by Region, 2018-2022 (USD Billion)
Table 86 In-Patient Monitoring: Market, by Region, 2023-2028 (USD Billion)
Table 87 In-Patient Monitoring: North American Market, by Country, 2018-2022 (USD Billion)
Table 88 In-Patient Monitoring: North American Market, by Country, 2023-2028 (USD Billion)
7.6 Medication Management
7.6.1 Medication Management: Market Drivers
Table 89 Medication Management: IoT in Healthcare Market, by Region, 2018-2022 (USD Billion)
Table 90 Medication Management: Market, by Region, 2023-2028 (USD Billion)
Table 91 Medication Management: North American Market, by Country, 2018-2022 (USD Billion)
Table 92 Medication Management: North American Market, by Country, 2023-2028 (USD Billion)
7.7 Other Applications
Table 93 Other Applications: Market, by Region, 2018-2022 (USD Billion)
Table 94 Other Applications: Market, by Region, 2023-2028 (USD Billion)
Table 95 Other Applications: North American Market, by Country, 2018-2022 (USD Billion)
Table 96 Other Applications: North American Market, by Country, 2023-2028 (USD Billion)
8 IoT in Healthcare Market, by Connectivity Technology
8.1 Introduction
8.2 Wi-Fi
8.2.1 Improved Data Transmission Speed
8.3 Bluetooth Low Energy
8.3.1 Increased Range and Easy Integration
8.4 Zigbee
8.4.1 Low Cost and Low Power Consumption
8.5 Near-Field Communication
8.5.1 Increasing Efficiency of Healthcare Delivery
8.6 Cellular
8.6.1 Wide Coverage Offered by Cellular Networks
8.7 Satellite
9 IoT in Healthcare Market, by End-user
9.1 Introduction
Figure 21 Clinical Research Organizations Segment to Grow at Highest CAGR from 2023 to 2028
Table 97 Market, by End-user, 2018-2022 (USD Billion)
Table 98 Market, by End-user, 2023-2028 (USD Billion)
9.2 Hospitals, Surgical Centers, and Clinics
9.2.1 Hospitals, Surgical Centers, and Clinics: Market Drivers
Table 99 Hospitals, Surgical Centers, and Clinics: Market, by Region, 2018-2022 (USD Billion)
Table 100 Hospitals, Surgical Centers, and Clinics: Market, by Region, 2023-2028 (USD Billion)
Table 101 Hospitals, Surgical Centers, and Clinics: North American Market, by Country, 2018-2022 (USD Billion)
Table 102 Hospitals, Surgical Centers, and Clinics: North American Market, by Country, 2023-2028 (USD Billion)
9.3 Clinical Research Organizations
9.3.1 Clinical Research Organizations: Market Drivers
Table 103 Clinical Research Organizations: IoT in Healthcare Market, by Region, 2018-2022 (USD Billion)
Table 104 Clinical Research Organizations: Market, by Region, 2023-2028 (USD Billion)
Table 105 Clinical Research Organization: North American Market, by Country, 2018-2022 (USD Billion)
Table 106 Clinical Research Organization: North American Market, by Country, 2023-2028 (USD Billion)
9.4 Government and Defense Institutions
9.4.1 Government and Defense Institutions: Market Drivers
Table 107 Government and Defense Institutions: Market, by Region, 2018-2022 (USD Billion)
Table 108 Government and Defense Institutions: Market, by Region, 2023-2028 (USD Billion)
Table 109 Government and Defense Institutions: North American Market, by Country, 2018-2022 (USD Billion)
Table 110 Government and Defense Institutions: North American Market, by Country, 2023-2028 (USD Billion)
9.5 Research and Diagnostic Laboratories
9.5.1 Research and Diagnostic Laboratories: Market Drivers
Table 111 Research and Diagnostic Laboratories: Market, by Region, 2018-2022 (USD Billion)
Table 112 Research and Diagnostic Laboratories: Market, by Region, 2023-2028 (USD Billion)
Table 113 Research and Diagnostic Laboratories: North American Market, by Country, 2018-2022 (USD Billion)
Table 114 Research and Diagnostic Laboratories: North American Market, by Country, 2023-2028 (USD Billion)
10 Market, by Region
10.1 Introduction
Figure 22 Asia-Pacific to Grow at Highest CAGR During 2023-2028
Figure 23 Geographic Snapshot of Global Market
Table 115 Market, by Region, 2018-2022 (USD Billion)
Table 116 Market, by Region, 2023-2028 (USD Billion)
10.2 North America
10.2.1 North America: PESTLE Analysis
10.2.2 North America: Recession Impact
10.2.3 North America: Market Drivers
Figure 24 North America: Market Snapshot
Table 117 North America: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 118 North America: Market, by Component, 2023-2028 (USD Billion)
Table 119 North America: Market, by Medical Device, 2018-2022 (USD Billion)
Table 120 North America: Market, by Medical Device, 2023-2028 (USD Billion)
Table 121 North America: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 122 North America: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 123 North America: Market, by Service, 2018-2022 (USD Billion)
Table 124 North America: Market, by Service, 2023-2028 (USD Billion)
Table 125 North America: Market, by Application, 2018-2022 (USD Billion)
Table 126 North America: Market, by Application, 2023-2028 (USD Billion)
Table 127 North America: Market, by End-user, 2018-2022 (USD Billion)
Table 128 North America: Market, by End-user, 2023-2028 (USD Billion)
Table 129 North America: Market, by Country, 2018-2022 (USD Billion)
Table 130 North America: Market, by Country, 2023-2028 (USD Billion)
10.2.4 US
10.2.4.1 Rising Prevalence of Chronic Diseases and Growing Aging Population
Table 131 US: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 132 US: Market, by Component, 2023-2028 (USD Billion)
Table 133 US: Market, by Medical Device, 2018-2022 (USD Billion)
Table 134 US: Market, by Medical Device, 2023-2028 (USD Billion)
Table 135 US: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 136 US: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 137 US: Market, by Service, 2018-2022 (USD Billion)
Table 138 US: Market, by Service, 2023-2028 (USD Billion)
Table 139 US: Market, by Application, 2018-2022 (USD Billion)
Table 140 US: Market, by Application, 2023-2028 (USD Billion)
Table 141 US: Market, by End-user, 2018-2022 (USD Billion)
Table 142 US: Market, by End-user, 2023-2028 (USD Billion)
10.2.5 Canada
10.2.5.1 Need to Curtail Escalating Healthcare Costs and Implementation of Favorable Government Initiatives
Table 143 Canada: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 144 Canada: Market, by Component, 2023-2028 (USD Billion)
Table 145 Canada: Market, by Medical Device, 2018-2022 (USD Billion)
Table 146 Canada: Market, by Medical Device, 2023-2028 (USD Billion)
Table 147 Canada: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 148 Canada: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 149 Canada: Market, by Service, 2018-2022 (USD Billion)
Table 150 Canada: Market, by Service, 2023-2028 (USD Billion)
Table 151 Canada: Market, by Application, 2018-2022 (USD Billion)
Table 152 Canada: Market, by Application, 2023-2028 (USD Billion)
Table 153 Canada: Market, by End-user, 2018-2022 (USD Billion)
Table 154 Canada: Market, by End-user, 2023-2028 (USD Billion)
10.3 Europe
10.3.1 Europe: PESTLE Analysis
10.3.2 Europe: Recession Impact
10.3.3 Europe: Market Drivers
Table 155 Europe: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 156 Europe: Market, by Component, 2023-2028 (USD Billion)
Table 157 Europe: Market, by Medical Device, 2018-2022 (USD Billion)
Table 158 Europe: Market, by Medical Device, 2023-2028 (USD Billion)
Table 159 Europe: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 160 Europe: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 161 Europe: Market, by Service, 2018-2022 (USD Billion)
Table 162 Europe: Market, by Service, 2023-2028 (USD Billion)
Table 163 Europe: Market, by Application, 2018-2022 (USD Billion)
Table 164 Europe: Market, by Application, 2023-2028 (USD Billion)
Table 165 Europe: Market, by End-user, 2018-2022 (USD Billion)
Table 166 Europe: Market, by End-user, 2023-2028 (USD Billion)
Table 167 Europe: Market, by Country, 2018-2022 (USD Billion)
Table 168 Europe: Market, by Country, 2023-2028 (USD Billion)
10.3.4 UK
10.3.4.1 Rising Adoption of Real-Time Healthcare Systems (RTHS) and Other Healthcare Information Systems (HCIs)
Table 169 UK: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 170 UK: Market, by Component, 2023-2028 (USD Billion)
Table 171 UK: Market, by Medical Device, 2018-2022 (USD Billion)
Table 172 UK: Market, by Medical Device, 2023-2028 (USD Billion)
Table 173 UK: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 174 UK: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 175 UK: Market, by Service, 2018-2022 (USD Billion)
Table 176 UK: Market, by Service, 2023-2028 (USD Billion)
Table 177 UK: Market, by Application, 2018-2022 (USD Billion)
Table 178 UK: Market, by Application, 2023-2028 (USD Billion)
Table 179 UK: Market, by End-user, 2018-2022 (USD Billion)
Table 180 UK: Market, by End-user, 2023-2028 (USD Billion)
10.3.5 Germany
10.3.5.1 Growing Demand for Effective Self-Health Management and Home-Care Solutions
Table 181 Germany: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 182 Germany: Market, by Component, 2023-2028 (USD Billion)
Table 183 Germany: Market, by Medical Device, 2018-2022 (USD Billion)
Table 184 Germany: Market, by Medical Device, 2023-2028 (USD Billion)
Table 185 Germany: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 186 Germany: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 187 Germany: Market, by Service, 2018-2022 (USD Billion)
Table 188 Germany: Market, by Service, 2023-2028 (USD Billion)
Table 189 Germany: Market, by Application, 2018-2022 (USD Billion)
Table 190 Germany: Market, by Application, 2023-2028 (USD Billion)
Table 191 Germany: Market, by End-user, 2018-2022 (USD Billion)
Table 192 Germany: Market, by End-user, 2023-2028 (USD Billion)
10.3.6 France
10.3.6.1 Huge Demand for Innovative Healthcare Solutions Driving Market for IoT in Healthcare
Table 193 France: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 194 France: Market, by Component, 2023-2028 (USD Billion)
Table 195 France: Market, by Medical Device, 2018-2022 (USD Billion)
Table 196 France: Market, by Medical Device, 2023-2028 (USD Billion)
Table 197 France: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 198 France: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 199 France: Market, by Service, 2018-2022 (USD Billion)
Table 200 France: Market, by Service, 2023-2028 (USD Billion)
Table 201 France: Market, by Application, 2018-2022 (USD Billion)
Table 202 France: Market, by Application, 2023-2028 (USD Billion)
Table 203 France: Market, by End-user, 2018-2022 (USD Billion)
Table 204 France: Market, by End-user, 2023-2028 (USD Billion)
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Asia-Pacific: PESTLE Analysis
10.4.2 Asia-Pacific: Recession Impact
10.4.3 Asia-Pacific: Market Drivers
Figure 25 Asia-Pacific: IoT in Healthcare Market Snapshot
Table 205 Asia-Pacific: Market, by Component, 2018-2022 (USD Billion)
Table 206 Asia-Pacific: Market, by Component, 2023-2028 (USD Billion)
Table 207 Asia-Pacific: Market, by Medical Device, 2018-2022 (USD Billion)
Table 208 Asia-Pacific: Market, by Medical Device, 2023-2028 (USD Billion)
Table 209 Asia-Pacific: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 210 Asia-Pacific: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 211 Asia-Pacific: Market, by Service, 2018-2022 (USD Billion)
Table 212 Asia-Pacific: Market, by Service, 2023-2028 (USD Billion)
Table 213 Asia-Pacific: Market, by Application, 2018-2022 (USD Billion)
Table 214 Asia-Pacific: Market, by Application, 2023-2028 (USD Billion)
Table 215 Asia-Pacific: Market, by End-user, 2018-2022 (USD Billion)
Table 216 Asia-Pacific: Market, by End-user, 2023-2028 (USD Billion)
Table 217 Asia-Pacific: Market, by Country, 2018-2022 (USD Billion)
Table 218 Asia-Pacific: Market, by Country, 2023-2028 (USD Billion)
10.4.4 China
10.4.4.1 Strong Telecommunications Network Creating Influx of IoT Deployments
Table 219 China: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 220 China: Market, by Component, 2023-2028 (USD Billion)
Table 221 China: Market, by Medical Device, 2018-2022 (USD Billion)
Table 222 China: Market, by Medical Device, 2023-2028 (USD Billion)
Table 223 China: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 224 China: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 225 China: Market, by Service, 2018-2022 (USD Billion)
Table 226 China: Market, by Service, 2023-2028 (USD Billion)
Table 227 China: Market, by Application, 2018-2022 (USD Billion)
Table 228 China: Market, by Application, 2023-2028 (USD Billion)
Table 229 China: Market, by End-user, 2018-2022 (USD Billion)
Table 230 China: Market, by End-user, 2023-2028 (USD Billion)
10.4.5 Japan
10.4.5.1 Rising Overall Healthcare Expenditure and Growing Geriatric Population
Table 231 Japan: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 232 Japan: Market, by Component, 2023-2028 (USD Billion)
Table 233 Japan: Market, by Medical Device, 2018-2022 (USD Billion)
Table 234 Japan: Market, by Medical Device, 2023-2028 (USD Billion)
Table 235 Japan: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 236 Japan: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 237 Japan: Market, by Service, 2018-2022 (USD Billion)
Table 238 Japan: Market, by Service, 2023-2028 (USD Billion)
Table 239 Japan: Market, by Application, 2018-2022 (USD Billion)
Table 240 Japan: Market, by Application, 2023-2028 (USD Billion)
Table 241 Japan: Market, by End-user, 2018-2022 (USD Billion)
Table 242 Japan: Market, by End-user, 2023-2028 (USD Billion)
10.4.6 India
10.4.6.1 Government Initiatives Driving Market
10.4.7 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.1 Middle East & Africa: PESTLE Analysis
10.5.2 Middle East & Africa: Recession Impact
10.5.3 Middle East & Africa: Market Drivers
Table 243 Middle East & Africa: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 244 Middle East & Africa: Market, by Component, 2023-2028 (USD Billion)
Table 245 Middle East & Africa: Market, by Medical Device, 2018-2022 (USD Billion)
Table 246 Middle East & Africa: Market, by Medical Device, 2023-2028 (USD Billion)
Table 247 Middle East & Africa: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 248 Middle East & Africa: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 249 Middle East & Africa: Market, by Service, 2018-2022 (USD Billion)
Table 250 Middle East & Africa: Market, by Service, 2023-2028 (USD Billion)
Table 251 Middle East & Africa: Market, by Application, 2018-2022 (USD Billion)
Table 252 Middle East & Africa: Market, by Application, 2023-2028 (USD Billion)
Table 253 Middle East & Africa: Market, by End-user, 2018-2022 (USD Billion)
Table 254 Middle East & Africa: Market, by End-user, 2023-2028 (USD Billion)
Table 255 Middle East & Africa: Market, by Sub-Region, 2018-2022 (USD Billion)
Table 256 Middle East & Africa: Market, by Sub-Region, 2023-2028 (USD Billion)
10.5.4 Middle East
10.5.4.1 National Transformation Plan and Aims of Saudi Vision 2030 Driving Market
Table 257 Middle East: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 258 Middle East: Market, by Component, 2023-2028 (USD Billion)
Table 259 Middle East: Market, by Medical Device, 2018-2022 (USD Billion)
Table 260 Middle East: Market, by Medical Device, 2023-2028 (USD Billion)
Table 261 Middle East: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 262 Middle East: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 263 Middle East: Market, by Service, 2018-2022 (USD Billion)
Table 264 Middle East: Market, by Service, 2023-2028 (USD Billion)
Table 265 Middle East: Market, by Application, 2018-2022 (USD Billion)
Table 266 Middle East: Market, by Application, 2023-2028 (USD Billion)
Table 267 Middle East: Market, by End-user, 2018-2022 (USD Billion)
Table 268 Middle East: Market, by End-user, 2023-2028 (USD Billion)
10.5.5 Africa
10.5.5.1 Rapid Growth in Access to ICT, Particularly Mobile Phones and Network Connectivity
10.6 Latin America
10.6.1 Latin America: PESTLE Analysis
10.6.2 Latin America: Recession Impact
10.6.3 Latin America: Market Drivers
Table 269 Latin America: IoT in Healthcare Market, by Component, 2018-2022 (USD Billion)
Table 270 Latin America: Market, by Component, 2023-2028 (USD Billion)
Table 271 Latin America: Market, by Medical Device, 2018-2022 (USD Billion)
Table 272 Latin America: Market, by Medical Device, 2023-2028 (USD Billion)
Table 273 Latin America: Market, by Systems & Software, 2018-2022 (USD Billion)
Table 274 Latin America: Market, by Systems & Software, 2023-2028 (USD Billion)
Table 275 Latin America: Market, by Service, 2018-2022 (USD Billion)
Table 276 Latin America: Market, by Service, 2023-2028 (USD Billion)
Table 277 Latin America: Market, by Application, 2018-2022 (USD Billion)
Table 278 Latin America: Market, by Application, 2023-2028 (USD Billion)
Table 279 Latin America: Market, by End-user, 2018-2022 (USD Billion)
Table 280 Latin America: Market, by End-user, 2023-2028 (USD Billion)
Table 281 Latin America: Market, by Country, 2018-2022 (USD Billion)
Table 282 Latin America: Market, by Country, 2023-2028 (USD Billion)
10.6.4 Brazil
10.6.4.1 Increasing Adoption of Smartphone Technology Driving Market
10.6.5 Mexico
10.6.5.1 Government Efforts Toward Healthcare Digitalization Fueling Market Growth
10.6.6 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Strategies Adopted by Key Players
11.3 Revenue Analysis
Figure 26 Historical Revenue Analysis, 2018-2022
11.4 Company Market Ranking Analysis
Figure 27 Ranking of Key Players in IoT in Healthcare Market, 2022
11.5 Market Share Analysis of Top Players
Table 283 Market: Degree of Competition
Figure 28 Market Share Analysis of Companies in Market
11.6 Company Evaluation Quadrants
11.6.1 Definitions and Methodology
Figure 29 Evaluation Quadrant for Key Players: Criteria Weightage
11.6.1.1 Stars
11.6.1.2 Emerging Leaders
11.6.1.3 Pervasive Players
11.6.1.4 Participants
Figure 30 IoT in Healthcare Market: Company Evaluation Matrix, 2022
11.7 Company Product Footprint Analysis
Table 284 Company Product Footprint
11.7.1 End-user Footprint
Table 285 Company End-user Footprint
11.7.2 Component Footprint
Table 286 Company Component Footprint
11.7.3 Regional Footprint
Table 287 Company Region Footprint
11.8 Competitive Benchmarking for SMEs/Startups
Table 288 IoT in Healthcare Market: Detailed List of Key Startups/SMEs
11.9 Startup/SME Evaluation Matrix Methodology and Definitions
Table 289 Startup/SME Evaluation Matrix: Criteria Weightage
11.9.1 Progressive Companies
11.9.2 Responsive Companies
11.9.3 Dynamic Companies
11.9.4 Starting Blocks
Figure 31 Market: Startup/SME Evaluation Matrix, 2022
11.1 Competitive Scenario and Trends
11.10.1 Product Launches
Table 290 Market: Product Launches, 2020-2022
11.10.2 Deals
Table 291 IoT in Healthcare Market: Deals, 2019-2022
12 Company Profiles
12.1 Major Players
(Business Overview, Products Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices Made, and Weaknesses and Competitive Threats)*
12.1.1 Cisco
Table 292 Cisco: Business Overview
Figure 32 Cisco: Company Snapshot
Table 293 Cisco: Products Offered
Table 294 Cisco: Deals
12.1.2 IBM
Table 295 IBM: Business Overview
Figure 33 IBM: Company Snapshot
Table 296 IBM: Products Offered
Table 297 IBM: Product Launches
12.1.3 GE Healthcare
Table 298 GE Healthcare: Business Overview
Figure 34 GE Healthcare: Company Snapshot
Table 299 GE Healthcare: Products Offered
Table 300 GE Healthcare: Product Launches
Table 301 GE Healthcare: Deals
12.1.4 Microsoft
Table 302 Microsoft: Business Overview
Figure 35 Microsoft: Company Snapshot
Table 303 Microsoft: Products Offered
Table 304 Microsoft: Product Launches
12.1.5 SAP
Table 305 SAP: Business Overview
Figure 36 SAP: Company Snapshot
Table 306 SAP: Products Offered
Table 307 SAP: Product Launches
12.1.6 Medtronic
Table 308 Medtronic: Business Overview
Figure 37 Medtronic: Company Snapshot
Table 309 Medtronic: Products Offered
Table 310 Medtronic: Product Launches
12.1.7 Royal Philips
Table 311 Royal Philips: Business Overview
Figure 38 Royal Philips: Company Snapshot
Table 312 Royal Philips: Products Offered
Table 313 Royal Philips: Product Launches
Table 314 Royal Philips: Deals
12.1.8 Resideo Technologies
Table 315 Resideo Technologies: Business Overview
Figure 39 Resideo Technologies: Company Snapshot
Table 316 Resideo Technologies: Products Offered
12.1.9 Securitas
Table 317 Securitas: Business Overview
Figure 40 Securitas: Company Snapshot
Table 318 Securitas: Products Offered
Table 319 Securitas: Deals
12.2 Other Players
12.2.1 Bosch
12.2.2 Armis
12.2.3 Oracle
12.2.4 PTC
12.2.5 Huawei
12.2.6 Siemens
12.2.7 R-Style Lab
12.2.8 HQSoftware
12.2.9 Oxagile
12.2.10 Softweb Solutions
12.2.11 OSP Labs
12.2.12 Comarch SA
12.2.13 Telit
12.2.14 Kore Wireless
12.2.15 ScienceSoft
12.2.16 Intel
12.2.17 AgaMatrix
12.2.18 Welch Allyn
12.2.19 Alivecor
12.2.20 Sensely
12.2.21 Clover Health
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices Made, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies
13 Adjacent/Related Markets
13.1 Introduction
13.2 Limitations
13.3 IoT Integration Market
13.3.1 Market Overview
13.3.2 IoT Integration Market, by Service
Table 320 IoT Integration Market, by Service, 2016-2021 (USD Million)
Table 321 IoT Integration Market, by Service, 2022-2027 (USD Million)
13.3.3 IoT Integration Market, by Organization Size
Table 322 IoT Integration Market, by Organization Size, 2016-2021 (USD Million)
Table 323 IoT Integration Market, by Organization Size, 2022-2027 (USD Million)
13.3.4 IoT Integration Market, by Region
13.3.4.1 Europe
Table 324 Europe: IoT Integration Market, by Application, 2016-2021 (USD Million)
Table 325 Europe: IoT Integration Market, by Application, 2022-2027 (USD Million)
13.4 Incident and Emergency Market
13.4.1 Market Overview
Table 326 Incident and Emergency Management Market, by Component, 2016-2021 (USD Million)
Table 327 Incident and Emergency Management Market, by Component, 2022-2027 (USD Million)
13.4.2 Incident and Emergency Market, by Communication Tool and Device
Table 328 Incident and Emergency Management Market, by Communication Tool and Device, 2016-2021 (USD Million)
Table 329 Incident and Emergency Management Market, by Communication Tool and Device, 2022-2027 (USD Million)
13.4.3 Incident and Emergency Market, by Region
13.4.3.1 Asia-Pacific
Table 330 Asia-Pacific: Incident and Emergency Management Market, by Component, 2016-2021 (USD Million)
Table 331 Asia-Pacific: Incident and Emergency Management Market, by Component, 2022-2027 (USD Million)
14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options
Companies Mentioned
- AgaMatrix
- Alivecor
- Armis
- Bosch
- Cisco
- Clover Health
- Comarch SA
- GE Healthcare
- HQSoftware
- Huawei
- IBM
- Intel
- Kore Wireless
- Medtronic
- Microsoft
- Oracle
- OSP Labs
- Oxagile
- PTC
- R-Style Lab
- Resideo Technologies
- Royal Philips
- SAP
- ScienceSoft
- Securitas
- Sensely
- Siemens
- Softweb Solutions
- Telit
- Welch Allyn
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 127.7 Billion |
| Forecasted Market Value ( USD | $ 289.2 Billion |
| Compound Annual Growth Rate | 17.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
