IoT in Medical Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2025
Sep 18, 2019
New Study On “Global IoT in Medical Devices Market 2019: Size, Share, Demand, Trends, Growth and 2025 Forecasts” Added to Wise Guy Reports Database
Pune , India - September 18, 2019 /MarketersMedia/ —
Global IoT in Medical Devices Industry
New Study On “Global IoT in Medical Devices Market 2019: Size, Share, Demand, Trends, Growth and 2025 Forecasts” Added to Wise Guy Reports Database
Market Overview
The global market for IoT in medical devices is all set to rise in the coming years with increasing promotion being done to encourage digital health. IoT services are used primarily for emergency notification systems and for monitoring remote health. The integration of IoT in the healthcare sector is also known as smart healthcare. The emergence and adoption of IoT in the healthcare sector has been a boon for the industry in terms of connecting varying medical devices and offering improved medical services to the people, under the watchful guidance of both AI and human skills.
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Globally, the increasing adoption of wearable technology, increasing investments made towards implementing digital technologies in the medical sector, and the introduction of connected care are all contributing to the market growth of IoT in medical devices. Additionally, increasing geriatric population, technological advancements, and widespread prevalence of chronic diseases like diabetes, arthritis, cancer, and cardiovascular diseases are influencing the growth of the market in a positive manner. Moreover, the government across various countries are undertaking much more initiatives and investing more funding to ameliorate the healthcare infrastructure and medical healthcare delivery. The report published in Sheer Analytics and Insights on the global IoT in medical devices market revealed the growth to be at a notable pace.
Market Segmentation
The global IoT in medical devices market has been segmented in terms of product type and connectivity technology.
By product type, the market segments into pulse oximeter, infusion pump, blood pressure monitor, cardiac monitor, and glucometer.
By connectivity technology, the market divides into Bluetooth, Zigbee, and Wi-Fi.
By application, the market includes implantable and wearable.
Regional Analysis
The global IoT in medical devices market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa.
The North American market is slated to grow at a fast pace over the forecast period due to the increasing adoption of healthcare IT solutions, undertaking of legislative initiatives, presence of key companies, and the availability of an established healthcare IT infrastructure herein. The US is the major contributor to the North American IoT in Medical Devices market and is projected to continue with its dominance in the coming years as well. The US market is proliferating due to increasing number of favorable initiatives being undertaken by the government to encourage the adoption of digital platforms in the life science industry.
Elsewhere, Asia Pacific is another key and emerging regional market and is expected to grow at a profound pace over the forecast period. This is due to the rising number of supportive initiatives being undertaken, improving healthcare IT infrastructure, and increasing adoption of advanced technologies herein.
Competitive Landscape
The global IoT in medical devices market comprises a host of key players. This includes names like GE Healthcare, Cisco Systems Inc., Apple Inc., Microsoft Corporation, Medtronic PLC, Boston Scientific, IBM, Philips, Siemens and Zigbee Alliance.
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