Healthcare IoT Market by Application & Product - 2019

The global healthcare IoT market is estimated to grow at a high rate from 2014 to 2019. A number of factors such as rapid digitalization of healthcare system to aid efficient patient care, upcoming healthcare reforms in matured and developing markets, growing market demand for mobile healthcare technologies, increase in geriatric population coupled with rise in patient population suffering from chronic diseases (such as cancer, cardiovascular diseases, and infectious diseases), and investment and other supportive initiatives by regional governments across the world are fuelling the growth of healthcare IoT market. For instance, in 2011, U.A.E. government has launched phase II stage of health information system named Warred, that aims to link 14 public hospitals and 68 affiliated clinics across Dubai and Northern Emirates through an integrated EMR (Source: Ministry of Health, U.A.E.). Similarly, Brazilian government has launched several programs (such as Ti Major and Prosoft) to promote and develop IoT in Brazil. The government will invest ~15.2 million to support these initiatives till 2015 (Source: Ministry of Health, Brazil). However, concerns related to data security and cost containment measures adopted by healthcare service providers and industry are some of the key factors hampering the growth of this market.

Emerging markets including Middle East, China, India, Mexico, and Brazil have become attractive destinations for companies engaged in the development and distribution of healthcare IoT products. A number of factors such as growing adoption of cloud-based and mobile healthcare technologies in emerging countries, rising medical tourism due to low cost healthcare facilities, and expansion of healthcare infrastructure across emerging countries (especially in rural areas) are offering high growth opportunities for players active in the global healthcare IoT market.

Accenture (U.S.), Cisco Systems, Inc. (U.S.), GE Healthcare (U.K.), Hewlett-Packard Company (U.S.), International Business Management Corporation (U.S.), Johnson & Johnson (U.S.), McKesson Corporation (U.S.), Medtronic, Inc. (U.S.), Microsoft Corporation (U.S.), and Wipro Ltd. (India) are some of the key players present in global healthcare IoT market. Over the past three years, these companies adopted new product development and launches, collaborations, agreements, partnerships, and geographical expansions as their key business strategies to ensure their growth in this market.

Scope of the report

This research report categorizes global healthcare IoT market into the following segments:

Healthcare IoT Market, by Usage Mode

Embedded Software Systems
Wireless Sensor Networks
Control Systems
Automation Systems
Others

Healthcare IoT Market, by Delivery Mode

On-premise Delivery
Web-based Delivery
Cloud-based Delivery

Healthcare IoT Market, by Product and Services

Healthcare Systems
- Health Monitoring Devices
  - Blood Pressure Monitors
  - Pulse Monitors
  - Advanced Hearing Aids
  - Other Monitoring Devices
- Emergency Notification Systems
- Embedded Systems
- Other Devices
Data Banks and Data Centers
Software and Services

Healthcare IoT Market, by Product Type

Home-based Products
Bench top and Portable Products
Wearable Products
Trolley/Cart-based Products
Others

Healthcare IoT Market, by End User

Hospitals, Surgical Centers, and Clinics
Pharmaceutical & Biotechnology Companies, and Clinical Research Organizations (CROs)
Medical and Academic Institutes
Government and Public Institutions
Research and Diagnostic Laboratories
Others

Healthcare IoT Market, by Application