IoT in Healthcare Market to Reach US$ 135.9 Billion | The Insight Partners

IoT in Healthcare Market to 2025 - Global Analysis and Forecasts by Solution (Medical systems & Devices and Software Solutions & Tools), Services (Professional Services & Integration Services) Application (Medication Management, Patient Monitoring, Fitness & Wellness Measurement, Clinical Workflow Management and Others) and End-user (Patients & Individuals, Diagnostic & Research and Labs, Hospitals & Healthcare Institutes and Government Authority)

Publication Month: Dec 2016 | Report Code: TIPTE100000180 | No. of Pages: 150 | Category: Healthcare IT | Status: Published

The global IoT in Healthcare market accounted for US$ 20.2 Bn in 2015 and is expected to grow at a CAGR of 21.2% during the forecast period 2016 - 2025, to account for US$ 135.9 Bn in 2025.

The IoT in Healthcare helps in delivery of healthcare facilities through improved communication, between patients and healthcare providers, via connected medical devices. IoT in Healthcare enable the stakeholders particularly, providers and patients, to enhance patient care, reduce costs related to healthcare, reduction in errors, improved patient experience, and improved patient outcomes along with better disease management. IoT in Healthcare solutions and services are replacing the tradition diagnosis and treatment procedures with advanced technology. The IoT in Healthcare market is constantly growing with medical devices and pharmaceutical companies either competing with each other or collaborating with tech companies to offer enhanced and advanced solutions. The rising incidences of chronic diseases and number of elderly population along with the need to reduce the costs associated with healthcare is expected to drive the IoT in Healthcare market growth. Several companies are partnering with each other to offer enhanced and improved solutions to the customers in order to increase their IoT in Healthcare market share. IBM Corp., Microsoft Corporation, GE Healthcare and Koninklijke Philips N.V. are few of the major players operating in the IoT in Healthcare market.

 

Exhibit: IoT in Healthcare Regional Markets


Market Insights

Wearable healthcare devices to boost the IoT in Healthcare market

IoT has a significant role to play in monitoring the health and safety of individual. Numerous pioneering wearable technologies have been developed in recent years that intent to revolutionize healthcare industry. Integration of IoT and wearable devices such as smart watch or health bands help to empower and educate patients to take control of their health and in turn boost the growth of IoT in Healthcare market. Some wearable devices also send data related to functioning of organs and disease markers to the physicians and helping in monitoring and diagnosing disease. Other wearable or portable health monitoring devices such as blood glucose level monitor helps diabetes patients in monitoring blood glucose levels, track food intake and deliver insulin and transmit the related data to their physicians. The number of health benefits of wearable devices and integration of IoT is further expected to result in reducing the overall treatment time and ease doctor patient interactions. Hence, wearable healthcare devices are expected to fuel the growth of IoT in Healthcare market in the coming years.

 

Adoption of connected medical devices fuelling the growth of IoT in Healthcare market

The adoption of IoT in Healthcare solution is witnessing a high growth and increasing need for integration and connectivity tools in escalating operations of healthcare organizations are the factors driving the growth of IoT in Healthcare market. The constantly decreasing costs of sensors embedded in these devices have resulted in falling prices of connected devices and hence, the adoption of connected medical devices have further increased. These devices connected to the internet and enable the healthcare professionals to get real-time information regarding patients’ health and helps in efficient monitoring. Furthermore, these devices send alerts to the nearby hospital in case of any emergency. Also, connected medical devices save lengthy communicating process between patients and healthcare providers. The valuable data recorded in the cloud through these devices helps in better diagnosis and analysis thereby, improving patients’ care. This trend is expected to further increase the growth of IoT in Healthcare market.

 

Exhibit: IoT in Healthcare Market by End User

Strategic Insights

Market initiative was observed as the most adopted strategy in global IoT in Healthcare market. Few of the recent strategies by some of the players in IoT in Healthcare market landscape are listed below-

 

2016: The Office of the National Coordinator for IT (ONC) released Interoperability Standards Advisory (ISA) for the year 2017. This will enable patients’ to easily access their health data. This is an update to the ISA released in 2016.

 

2016: European Institute of Innovation and Technology for Health (EIT Health) funded a new research project in which Florida Atlantic University, Siemens Healthcare GmbH, Universitätsklinikum Erlangen along with other European partners will work together to develop a hybrid device for quicker diagnosis and treatment of strokes.

 

2016: IBM Watson Health partnered with Finnish Funding Agency for Innovation with an aim to enable Finland to utilize Watson cognitive computing to facilitate doctors enhance the health of Finland’s citizens, and support and develop the Finnish innovation and business ecosystem in the fields of health and well-being.

 

Global IoT in Healthcare - Market Segmentation


By Solution

  • Medical Systems & Devices
  • Software Solutions & Tools
  • By Medical Systems & Devices
  • On-Body Wellness
  • On-Body Healthcare
  • Implanted

By Software Solutions & Tools

  • Data Analytics Tools & Solutions
  • Network Management Solutions
  • Security Solutions

By Services

  • Professional Services
  • Integration Services

By Application

  • Medication Management
  • Patient Monitoring
  • Fitness & Wellness Measurement
  • Clinical Workflow Management
  • Others

By End-user

  • Patients & Individuals
  • Diagnostic & Research Centers and Labs
  • Hospital and Healthcare Institutes
  • Government Authority

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
  • South America (SAM)
    • Brazil

Company Profiles

  • Koninklijke Philips N.V.
  • Medtronic Plc
  • Siemen Healthcare GmbH
  • Proteus Digital Health, Inc.
  • IBM Watson Health
  • General Electric Healthcare
  • Microsoft Corporation
  • Qualcomm Life, Inc.
  • STANLEY Healthcare
  • Verily Life Sciences LLC (Alphabet-Google)

1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance

2 Key Takeaways

3 IoT in Healthcare Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Global IoT in Healthcare Market - By Solution
3.2.2 Global IoT in Healthcare Market - By Services
3.2.3 Global IoT in Healthcare Market - By Application
3.2.4 Global IoT in Healthcare Market - By End-user
3.2.5 Global IoT in Healthcare Market - By Region
3.2.5.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis

4 IoT in Healthcare Market - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends

5 IoT in Healthcare Market Analysis- Global
5.1 Global IoT in Healthcare Market Overview
5.2 Global IoT in Healthcare Market Forecast and Analysis

6 Global IoT in Healthcare Market Revenue and Forecasts to 2025 -Solution
6.1 Overview
6.2 Solution Market Forecast and Analysis
6.3 Medical Systems & Devices Market
6.3.1 Overview
6.3.2 Medical Systems & Devices Market Forecast and Analysis
6.3.2.1 On Body Wellness
6.3.2.1.1 Overview
6.3.2.1.2 On Body Wellness Market Forecast and Analysis
6.3.2.2 On Body Healthcare
6.3.2.2.1 Overview
6.3.2.2.2 On Body Healthcare Market Forecast and Analysis
6.3.2.3 Implanted
6.3.2.3.1 Overview
6.3.2.3.2 Implanted Market Forecast and Analysis
6.4 Software Solutions & Tools Market
6.4.1 Overview
6.4.2 Software Solutions and Tools Market Forecast and Analysis
6.4.2.1 Data Analytics Tools & Solutions
6.4.2.1.1 Overview
6.4.2.1.2 Data Analytics Tools & Solutions Market Forecast and Analysis
6.4.2.2 Network Management Solutions
6.4.2.2.1 Overview
6.4.2.2.2 Network Management Solutions Market Forecast and Analysis
6.4.2.3 Security Solutions
6.4.2.3.1 Overview
6.4.2.3.2 Security Solutions Market Forecast and Analysis

7 Global IoT in Healthcare Market Revenue and Forecasts to 2025 - Services
7.1 Overview
7.2 Services Market Forecast and Analysis
7.3 Integration Services Market
7.3.1 Overview
7.3.2 Integration Services Market Forecast and Analysis
7.4 Professional Services Market
7.4.1 Overview
7.4.2 Professional Services Market Forecast and Analysis

8 Global IoT in Healthcare Market Revenue and Forecasts to 2025 - Application
8.1 Overview
8.2 Application Market Forecast and Analysis
8.3 Medication Management Market
8.3.1 Overview
8.3.2 Medication Management Market Forecast and Analysis
8.4 Patient Monitoring Market
8.4.1 Overview
8.4.2 Patient Monitoring Market Forecast and Analysis
8.5 Clinical Workflow Management Market
8.5.1 Overview
8.5.2 Clinical Workflow Management Measurement Market Forecast and Analysis
8.6 Fitness & Wellness Measurement Market
8.6.1 Overview
8.6.2 Fitness & Wellness Measurement Market Forecast and Analysis
8.7 Others Market
8.7.1 Overview
8.7.2 Others Market Forecast and Analysis

9 Global IoT in Healthcare Market Revenue and Forecasts to 2025 - End-User
9.1 Overview
9.2 End-user Market Forecast and Analysis
9.3 Patients & Individuals Market
9.3.1 Overview
9.3.2 Patients & Individuals Market Forecast and Analysis
9.4 Diagnostic & Research Centers and Labs Market
9.4.1 Overview
9.4.2 Diagnostic & Research Centers and Labs Market Forecast and Analysis
9.5 Government Authority Market
9.5.1 Overview
9.5.2 Government Authority Market Forecast and Analysis
9.6 Hospital & Healthcare Institutes Market
9.6.1 Overview
9.6.2 Hospitals & Healthcare Institutes Market Forecast and Analysis

10 Global IoT in Healthcare Market Revenue and Forecasts to 2025 - Geographical Analysis
10.1 North America
10.1.1 North America IoT in Healthcare Market Overview
10.1.2 North America IoT in Healthcare Market Forecast and Analysis
10.1.2.1 North America Market Forecast and Analysis- By Countries
10.1.2.1.1 US Market
10.1.2.1.2 Canada Market
10.1.2.1.3 Mexico Market
10.1.2.2 North America Market Forecast and Analysis- By Solution
10.1.2.3 North America Market Forecast and Analysis- By Services
10.1.2.4 North America Market Forecast and Analysis- By Application
10.1.2.5 North America Market Forecast and Analysis- By End-user
10.2 Europe
10.2.1 Europe IoT in Healthcare Market Overview
10.2.2 Europe IoT in Healthcare Market Forecast and Analysis
10.2.2.1 Europe Market Forecast and Analysis- By Countries
10.2.2.1.1 France Market
10.2.2.1.2 Germany Market
10.2.2.1.3 Italy Market
10.2.2.1.4 Spain Market
10.2.2.1.5 UK Market
10.2.2.2 Europe Market Forecast and Analysis- By Solution
10.2.2.3 Europe Market Forecast and Analysis- By Services
10.2.2.4 Europe Market Forecast and Analysis- By Application
10.2.2.5 Europe Market Forecast and Analysis- By End-user
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific IoT in Healthcare Market Overview
10.3.2 Asia Pacific IoT in Healthcare Market Forecast And Analysis
10.3.2.1 Asia Pacific Market Forecast and Analysis- By Countries
10.3.2.1.1 Australia Market
10.3.2.1.2 China Market
10.3.2.1.3 India Market
10.3.2.1.4 Japan Market
10.3.2.2 Asia Pacific Market Forecast and Analysis- By Solution
10.3.2.3 Asia Pacific Market Forecast and Analysis- By Services
10.3.2.4 Asia Pacific Market Forecast and Analysis- By Application
10.3.2.5 Asia Pacific Market Forecast and Analysis- By End-user
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa IoT in Healthcare Market Overview
10.4.2 Middle East and Africa IoT in Healthcare Market Forecast and Analysis
10.4.2.1 Middle East and Africa Market Forecast and Analysis- By Countries
10.4.2.1.1 South Africa Market
10.4.2.1.2 Saudi Arabia Market
10.4.2.1.3 UAE Market
10.4.2.2 Middle East and Africa Market Forecast and Analysis- Solution
10.4.2.3 Middle East and Africa Market Forecast and Analysis- Services
10.4.2.4 Middle East and Africa Market Forecast and Analysis- By Application
10.4.2.5 Middle East and Africa Market Forecast and Analysis- End-user
10.5 South America (SAM)
10.5.1 South America IoT in Healthcare Market Overview
10.5.2 South America IoT in Healthcare Market Forecast and Analysis
10.5.2.1 South America Market Forecast and Analysis- By Countries
10.5.2.1.1 Brazil Market
10.5.2.2 South America Market Forecast and Analysis- By Solution
10.5.2.3 South America Market Forecast and Analysis- By Services
10.5.2.4 South America Market Forecast and Analysis- By Application
10.5.2.5 South America Market Forecast and Analysis- By End-user

11 Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios

12 Competitive Landscape
12.1 Competitive Product mapping
12.2 Market positioning/ Market share

13 Global IoT in Healthcare Market, Key Company Profiles
13.1 Koninklijke Philips N.V.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Medtronic Plc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Siemen Healthcare GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Proteus Digital Health, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IBM Watson Health
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 General Electric Healthcare
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Microsoft Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Qualcomm Life, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 STANLEY Healthcare
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Verily Life Sciences LLC (Alphabet-Google)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology

List of Tables

Table 1: Global IoT in Healthcare Market Revenue and Forecasts to 2025 (US$ Bn) 46
Table 2: North America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Solution (US$ Bn) 89
Table 3: North America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Medical Systems & Devices Solution (US$ Bn) 91
Table 4: North America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Software Solutions & Tools SolutionUS$ Bn) 93
Table 5: North America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Services (US$ Bn) 94
Table 6: North America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Application (US$ Bn) 95
Table 7: North America IoT in Healthcare Market Revenue and Forecasts to 2025 - By End-user (US$ Bn) 97
Table 8: Europe IoT in Healthcare Market Revenue and Forecasts to 2025 - By Solution (US$ Bn) 106
Table 9: Europe IoT in Healthcare Market Revenue and Forecasts to 2025 - By Medical Systems & Devices Solution (US$ Bn) 108
Table 10: Europe IoT in Healthcare Market Revenue and Forecasts to 2025 - By Software Solutions & Tools Solution (US$ Bn) 110
Table 11: Europe IoT in Healthcare Market Revenue and Forecasts to 2025 - By Services (US$ Bn) 111
Table 12: Europe IoT in Healthcare Market Revenue and Forecasts to 2025 - By Application (US$ Bn) 113
Table 13: Europe IoT in Healthcare Market Revenue and Forecasts to 2025 - By End-user (US$ Bn) 115
Table 14: Asia Pacific IoT in Healthcare Market Revenue and Forecasts to 2025 - By Solution (US$ Bn) 124
Table 15: Asia Pacific IoT in Healthcare Market Revenue and Forecasts to 2025 - By Medical Systems & Devices Solution (US$ Bn) 125
Table 16: Asia Pacific IoT in Healthcare Market Revenue and Forecasts to 2025 - By Software Solutions & Tools Solution (US$ Bn) 126
Table 17: Asia Pacific IoT in Healthcare Market Revenue and Forecasts to 2025 - By Services (US$ Bn) 129
Table 18: Asia Pacific IoT in Healthcare Market Revenue and Forecasts to 2025 - By Application (US$ Bn) 131
Table 19: Asia Pacific IoT in Healthcare Market Revenue and Forecasts to 2025 - By End-user (US$ Bn) 133
Table 20: Middle East & Africa IoT in Healthcare Market Revenue and Forecasts to 2025 - By Solution (US$ Bn) 141
Table 21: Middle East & Africa IoT in Healthcare Market Revenue and Forecasts to 2025 - By Medical Systems & Devices Solution (US$ Bn) 142
Table 22: Middle East & Africa IoT in Healthcare Market Revenue and Forecasts to 2025 - By Software Solutions & Tools Solution (US$ Bn) 144
Table 23: Middle East & Africa IoT in Healthcare Market Revenue and Forecasts to 2025 - By Services (US$ Bn) 146
Table 24: Middle East & Africa IoT in Healthcare Market Revenue and Forecasts to 2025 - By Application (US$ Bn) 148
Table 25: Middle East & Africa IoT in Healthcare Market Revenue and Forecasts to 2025 - By End-user (US$ Bn) 150
Table 26: South America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Solution (US$ Bn) 156
Table 27: South America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Medical Systems & Devices Solution (US$ Bn) 158
Table 28: South America IoT in Healthcare Market Revenue and Forecasts to 2025 - Software Solutions & Tools Solution (US$ Bn) 160
Table 29: South America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Services (US$ Bn) 162
Table 30: South America IoT in Healthcare Market Revenue and Forecasts to 2025 - By Application (US$ Bn) 164
Table 31: South America IoT in Healthcare Market Revenue and Forecasts to 2025 - By End-user (US$ Bn) 166
Table 32: Glossary of Terms, IoT in Healthcare Market 225

List of Figures

Figure 1: China IoT in Healthcare Market Revenue and Forecasts to 2025 (US$ Bn) 22
Figure 2: Global Medical Systems & Devices Market Revenue and Forecasts to 2025 (US$ Bn) 23
Figure 3: IoT in Healthcare Market Segmentation 25
Figure 4: IoT in Healthcare Market Segmentation 26
Figure 5: North America PEST Analysis 30
Figure 6: Europe PEST Analysis 32
Figure 7: APAC PEST Analysis 34
Figure 8: MEA PEST Analysis 36
Figure 9: SAM PEST Analysis 38
Figure 10: IoT in Healthcare Market Impact Analysis of Driver and Restraints 44
Figure 11: Global IoT in Healthcare Market Breakdown By Solution, 2015 & 2025 (%) 47
Figure 12: Global IoT in Healthcare Market Breakdown By Medical Systems & Devices, 2015 & 2025 (%) 48
Figure 13: Global Medical Systems & Devices Solution Market Revenue and Forecasts to 2025 (US$ Bn) 49
Figure 14: Global On-body Wellness Market Revenue and Forecasts to 2025 (US$ Bn) 51
Figure 15: Global On-body Healthcare Market Revenue and Forecasts to 2025 (US$ Bn) 53
Figure 16: Global Implanted Market Revenue and Forecasts to 2025 (US$ Bn) 54
Figure 17: Global IoT in Healthcare Market Breakdown By Software Solutions & Tools, 2015 & 2025 (%) 55
Figure 18: Global Software Solutions & Tools Market Revenue and Forecasts to 2025 (US$ Bn) 56
Figure 19: Global Data Analytics Tools & Solutions Market Revenue and Forecasts to 2025 (US$ Bn) 57
Figure 20: Global Network Management Solutions Market Revenue and Forecasts to 2025 (US$ Bn) 58
Figure 21: Global Security Solutions Market Revenue and Forecasts to 2025 (US$ Bn) 59
Figure 22: Global IoT in Healthcare Market Breakdown By Services, 2015 & 2025 (%) 60
Figure 23: Global Professional Services Market Revenue and Forecasts to 2025 (US$ Bn) 61
Figure 24: Global Integration Services Market Revenue and Forecasts to 2025 (US$ Bn) 62
Figure 25: Global IoT in Healthcare Market Breakdown By Application, 2015 & 2025 (%) 63
Figure 26: Global Medication Management Market Revenue and Forecasts to 2025 (US$ Bn) 65
Figure 27: Global Patient Monitoring Market Revenue and Forecasts to 2025 (US$ Bn) 67
Figure 28: Global Fitness & Wellness Measurement Market Revenue and Forecasts to 2025 (US$ Bn) 69
Figure 29: Global Clinical Workflow Management Market Revenue and Forecasts to 2025 (US$ Bn) 71
Figure 30: Global Others Market Revenue and Forecasts to 2025 (US$ Bn) 73
Figure 31: Global IoT in Healthcare Market Breakdown By End-user, 2015 & 2025 (%) 74
Figure 32: Global Patients and Individuals Market Revenue and Forecasts to 2025 (US$ Bn) 76
Figure 33: Global Diagnostic & Research Centers and Labs Market Revenue and Forecasts to 2025 (US$ Bn) 78
Figure 34: Global Hospitals & Healthcare Institutes Market Revenue and Forecasts to 2025 (US$ Bn) 80
Figure 35: Global Government Authority Market Revenue and Forecasts to 2025 (US$ Bn) 82
Figure 36: IoT in Healthcare Market, Global Breakdown by Regions, 2015 (%) 83
Figure 37: North America IoT in Healthcare Market Revenue and Forecasts to 2025 (US$ Bn) 85
Figure 38: North America IoT in Healthcare Market Breakdown by Key Countries, 2015 & 2025 (%) 85
Figure 39: U.S. IoT in Healthcare Market Revenue and Forecasts to 2025 (US$ Bn) 86
Figure 40: Canada IoT in Healthca