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IoT in Healthcare Market To Reach USD 435.75 Billion By 2027 Growing At a CAGR of 28.5%.

May 18, 2020 (MarketersMedia via COMTEX) --
An increase in the adoption of emerging technologies like artificial intelligence and the need for achieving greater efficiency in healthcare service delivery are driving the market demand.

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The global IoT in Healthcare Market is forecast to reach USD 435.75 Billion by 2027, according to a new report by Reports and Data. The success of IoT in healthcare can be attributed to speedy, error-free transmission of data across devices. As of 2018, 3.7 million medical devices were connected to the internet. Therapeutic and injury prevention medical devices, blood pressure monitors, inhalers are being connected to the internet to provide real-time data. Market growth can also be attributed to the increased usage of smart wearables for monitoring health. Better treatment outcomes, reduction in waiting time, and cost-effective real-time health monitoring services are the chief results obtained by deploying IoT in the healthcare sector.

The COVID-19 impact:
The COVID-19 virus pandemic has initiated a seismic wave of health anxiety and awareness, which is triggering a new category of virus-fighting tech. The lockdown to ensure social distancing has dented the market for the short term, but in the long run, the manufacturers are positive the demand for these products will surge, especially due to COVID-19. The adoption of IoT in healthcare will witness an increase in remote areas. Fitness-tracking gadgets are expected to sell out, home exercise classes have never been more popular, and industrial robot designers are pivoting to making sanitation bots.

Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/2186

Companies considered and profiled in this market study
Honeywell International, CISCO Systems, IBM Corporation, Microsoft Corporation, Backbone Labs, Proteus Digital Health, SAP SE, GE Healthcare, Qualcomm Life, and Stanley Healthcare, have been profiled in the report. They are the major manufacturers of the product.

For the purpose of this report, Reports and Data have segmented the global IoT in Healthcare Market on the basis of component, connectivity technology, application, end-use, and region:

Component Outlook (Revenue, USD Billion; 2017-2027)
• Medical Devices
• System and Software
• Services

Connectivity Technology Outlook (Revenue, USD Billion; 2017-2027)
• Cellular
• Wi-Fi
• Near Field Communications
• Satellite
• Bluetooth
• Zigbee

Application Outlook (Revenue, USD Billion; 2017-2027)
• Telemedicine
• Medication Management
• Connected Imaging
• Inpatient Monitoring
• Clinical Operations Management

End-Use Outlook (Revenue, USD Billion; 2017-2027)
• Clinical Research Organizations
• Government Institutions
• Research and Diagnostic Laboratories
• Defense Institutions
• Hospitals and Clinics

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Further key findings from the report suggest
• The medical device segment is forecasted to grow with a CAGR of 27.9% during the forecast period. The large-scale adoption of medical devices is attributed to the increasing demand for cost-effective solutions for delivering healthcare services. IoT enabled devices to play a crucial role in gathering and tracking different activities leading to the development of the market.
• Better high-speed internet access, government initiatives for technological advancement, and effective government policies have helped fuel growth. In 2018, the number of internet users around the world reached 4.1 billion, and the fixed average download speed increased by 26.4%. The government institutions are forecasted to hold a market share of 14.4% during the forecast period.
• Telemedicine is projected to witness significant growth in the forecasted period. The integration of IoT in the healthcare sector has enhanced telemedicine by helping providers to offer a quality of care, which is better than many in-person treatment modalities. Increasing adoption of smart wearables coupled with advancements in telemedicine technology is anticipated to drive demand.

Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America

Read the full Research Report along with a table of contents, facts and figures, charts, graphs, etc. @ https://www.reportsanddata.com/report-detail/iot-in-healthcare-market

Thank you for reading this article; you can also get individual chapter-wise sections or region-wise reports specifically for the regions of North America, Europe, Asia Pacific, Latin America, or Middle East & Africa.

About Us:
Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development. You can rely on us to provide every significant detail you might need in your efforts to make your business flourish.

Contact Info:
Name: John Watson
Email: Send Email
Organization: Reports And Data
Address: 40 Wall St. 28th floor New York City, NY 10005 United States
Phone: +1-212-710-1370
Website: https://www.reportsanddata.com/

Source URL: https://marketersmedia.com/iot-in-healthcare-market-to-reach-usd-43575-billion-by-2027-growing-at-a-cagr-of-285/88957969

Source: MarketersMedia

Release ID: 88957969

This press release is syndicated from MarketersMEDIA, your global press release service which provides business announcements, market trends, financial analysis, expected growth forecast, predictions, and more since 2012.

MarketersMEDIA press releases syndicated on this website are accurate at the time of release. Information provided in the release such as global trends, analysis, growth forecast, and expected market share in dollars may change over time, and may or may not be accurate after the date of release.

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