Global Internet of Things (IoT) in Healthcare market is expected to grow at 29.09% CAGR during the forecast period 2018-2026. The base year considered for the market study is 2017 and the estimated period is from 2018 to 2026. Some of the drivers that are responsible for the market growth are;

• Adoption of IoT in healthcare leads to the containment of patient care cost
• Rising number of investments for IoT healthcare solutions
• Increased adoption of connected devices in the healthcare sector
• Significant growth in the healthcare expenditure across geographies
• Growing number of start-ups

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However, the global IoT in Healthcare market is primarily driven by increasing investments in healthcare IoT solutions. For instance, in November 2015, Athos (U.S.) managed to raise total funding of $XX million. The company deals in fitness wearable and especially in next-generation fitness apparel. Similarly, Augmedix the United States based startup has secured $XX million fund in April 2016. The company provides platforms for doctors to collect, update and recall medical data related to the patient in real-time. Moreover, the evolution of Artificial Intelligence (AI) in healthcare is also expected to be a prominent driver of global IoT in healthcare market.

Telemedicine dominated the application segment of the IoT in healthcare market by capturing the largest market share of over XX% in 2017. Telemedicine allows evaluation, diagnosis and treatment of patients from healthcare providers without the need for an in-person visit, IoT devices offer the advantage of seamless remote monitoring of the patients driving the demand for IoT devices in telemedicine. The growing adoption of telemedicine is expected to be the key driver for the growth of IoT devices in healthcare. As per Destination HealthEU, the number of patients using telemedicine was estimated to be around XX in 2013 that would further increase to XX million by 2018 globally. On the other hand, Inpatient monitoring market is anticipated to grow at the highest growth rate during the forecast period 2018-2026. The rise of the in-patient monitoring market is primarily driven by increasing prevalence of diseases such as cancer, cardiovascular diseases etc. that require hospital admission and constant care for treatment. The ability of the IoT devices to promote wellness and coordinate care through evidence-based decision support drives the market for IoT devices in inpatient monitoring.

With the increased adoption of Internet of Things (IoT) in Healthcare, newer challenges are introduced into the market. Unavailability of skilled professionals in deploying IoT solution, absence of standards for interconnectivity and interoperability, interoperability issues & lack of awareness are some of the major issues that are pulling back the development of Internet of Things (IoT) in Healthcare market.

The global Internet of Things (IoT) in Healthcare market is segmented on the basis of components, end users and applications. These segments are further classified as follows:

Market by Components:

• Medical devices
• System and software
• Services

Market by Applications:

• Telemedicine
• Clinical operation and workflow management
• Connected imaging
• Inpatient monitoring
• Medication management
• Others

Market by End-user:

• Hospitals surgical centers and clinics
• Clinical research organization
• Research and diagnostic laboratories
• Government and defense institutions

The report scope is widely characterized based on components that include hardware, software and services and the total market revenue is calculated based on the adoption of IoT in healthcare.

On the basis of geography, global Internet of Things (IoT) in Healthcare market has been segmented into four major regions;

• Internet of Things (IoT) in Healthcare North America Market: United States & Canada.
• Internet of Things (IoT) in Healthcare Europe Market: United Kingdom, France, Germany, Russia, & Rest of Europe.
• Internet of Things (IoT) in HealthcareAsia Pacific Market: China, Japan, South Korea, India, Australia & Rest of Asia Pacific.
• Rest of world: Latin America, Middle East & Africa.

Geographically, North America is the dominating region in global IoT in Healthcare market with a revenue share of XX% in 2017. North American IoT in healthcare market is primarily driven by high healthcare expenditure coupled with sound ICT infrastructure that promotes seamless integration of IoT devices in healthcare. According to the Federal Government US, in 2015, United States spent XX % (~XX Trillion) of total GDP and invested $XX billion on R&D in healthcare sector. Further, according to Centers for Medicare & Medicaid Services (US), the healthcare expenditure is projected to increase to XX% of GDP by 2025. Such high healthcare expenditure coupled with demand for quality healthcare affirms the adoption of new and novel healthcare ailments positively supplement the growth in healthcare IoT. Moreover, Asia Pacific is growing at the fastest CAGR of around XX% during forecast period. Aging population, increasing healthcare expenditure, demand for quality healthcare treatment regime, government policies aiding investment in the healthcare sector, the high adoption rate of cloud computing, and growing internet penetration are the major factors driving the IoT in healthcare market in the Asia Pacific.

The global Internet of Things (IoT) in Healthcare market has been segmented based on End-Users, application and component. Components are further classified into, Medical devices, Services, System and software. The applications market is bifurcated into Telemedicine, Clinical operation and workflow management, Connected imaging, Inpatient monitoring, Medication management & others. The end-user segment is classified into Hospitals surgical centers and clinics, Clinical research organization, Research and diagnostic laboratories & Government and defense institutions.

The key companies operating in the global Internet of Things (IoT) in Healthcare market are;

• Qualcomm Life, Inc.
• Koninklijke Philips N.V.
• Medtronic, Inc.
• International Business Machines Corporation
• GE Healthcare
• and other companies

Market Share Analysis, Key Company Analysis, Key Corporate Strategies along with Company profiles of the key companies are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, or new product launch, to gain a competitive edge over each other. For example, in December 2017, Philips acquired VitalHealth, a provider of cloud-based population health management solutions for the delivery of personalized care outside of the hospital. In November 2017, GE Healthcare signed a partnership agreement with Intel to enhance patient care and to reduce the cost for hospitals and healthcare systems by using digital imaging solutions, deployed via cloud with the objective to leverage the company’s dominant position in medical imaging into new ownership of medical IoT.

Key findings of the global Internet of Things (IoT) in Healthcare market:

• North America accounts for the largest market share of the overall Internet of Things (IoT) in Healthcare market.
• Telemedicine and in-patient monitoring are the key application for the overall Internet of Things (IoT) in Healthcare Market.
• Introduction of AI in healthcare industry is positively influencing the growth in the market globally.
• The Adoption of Telepresence technology is on the up-surging trend on the global scenario. The Healthcare sector is enhancing the utility of video conferencing considering telehealth initiatives which include telepresence technology