Internet of Things in Healthcare Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Internet of Things (IoT) in Healthcare Market size is expected to grow from USD 72.5 billion in 2020 to USD 188.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 21% during the forecast period 2021-2027.

The Internet of Things (IoT) is described as a network of physical devices that use connections to enable data exchange. The healthcare sector also uses IoT for data collection, research analysis, and monitoring of electronic health records, including personally identifiable information, protected health information, and other machine-generated medical data. IoT applications in healthcare also facilitate important tasks such as improving patient outcomes and reducing the burden on healthcare workers. Internet of Things (IoT)-enabled devices will enable remote monitoring in the healthcare sector, unlocking the potential to keep patients safe and healthy and for physicians to deliver the best possible care.

Market Segments

By application

• Telemedicine
• Store-and-forward Telemedicine
• Remote Patient Monitoring
• Interactive Medicine
• Clinical Operations and Workflow Management
• Connected Imaging
• Inpatient Monitoring
• Medication Management
• Others (Fall detection, sportsmen care, and public safety)

By end-user

• Hospitals, Surgical Centers, and Clinics
• Clinical Research Organizations
• Government and Defense Institutions
• Research and Diagnostic Laboratories

Key Players

Major players operating in the market include Apple Inc., Cisco Systems Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Proteus Digital Health, Koninklijke Philips N.V., QUALCOMM Incorporated, and Abbot Laboratories.

Scope of the Report

The research study analyzes the global Internet of Things in the Healthcare industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Internet of Things in Healthcare Market Report

1. What was the Internet of Things in Healthcare Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Internet of Things in Healthcare Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Internet of Things in Healthcare Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.