IoT In Medical Devices Market
The market for IoT medical devices was estimated to be worth USD 12.38 billion in 2020 and is expected to rise to USD 157.16 billion by 2028, at a CAGR of 37.14% from 2021 to 2028. Due to rising government initiatives to support digital health, the need for cost containment in healthcare delivery, and a growing emphasis on active patient involvement and patient-centric care delivery, the global market for IoT medical devices has experienced considerable growth. The market is comprehensively evaluated in the study on the global IoT medical devices market. The research provides in-depth analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other elements.
For various medical equipment, interoperability and connection solutions come at a hefty price. Additionally, IT support and maintenance services, which include maintaining an effective IT infrastructure and updating and modifying software in accordance with evolving user requirements, represent an ongoing expense. This makes up a sizable portion of the overall cost of ownership. Additionally, additional verification and validation are needed for the post-sale custom interface creation for device integration to guarantee the accuracy and comprehensiveness of the solution. The total cost of ownership for healthcare providers is now higher as a result. Small healthcare facilities, particularly those in developing nations, are hesitant to replace their outdated systems with cutting-edge IoT-enabled gadgets because of the hefty expenses involved.
The IoT industry is being driven by the rising usage of big data in healthcare, the advancement of device accuracy and connectivity, and the significant penetration of linked devices. The Internet of Things (IoT), which enables real-time patient data access and remote patient monitoring, has the potential to revolutionise conventional paper-based healthcare therapy. The need for better diagnoses and targeted therapy solutions was answered by the emergence of this digital healthcare technology. Additionally, it not only enables doctors to keep an eye on patients from a distance, but it also acts as a medication reminder for patients and a fitness tracker for athletes. The effective use of IoT for remote monitoring of patients with diabetes and asthma, together with the broad acceptance of fitness and wellness
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IoT In Medical Devices Market: Segment Analysis
Global IoT in Medical Devices Market: Top Key Players
AliveCor
AgaMatrix
Boston Scientific
Philips
Omron
Medtronic
Abbott Laboratories
BioTelemetry
iHealth Lab
Honeywell Life Care Solutions
Johnson＆Johnson
Siemens
GE Healthcare
Global IoT in Medical Devices Market: By Types
Blood Pressure Monitor
Cardiac Monitor
Infusion Pump
Pulse Oximeter and Glucometer
Global IoT in Medical Devices Market: By Applications
Wearable
Implantable
Global IoT in Medical Devices Market: By Countries
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
Key Regions & Countries
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Physiotherapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in This Report:
• What is the driving factor for the growth of the IoT in Medical Devices market?
• How will the COVID-19 pandemic impact the demand and consumption of this market?
• What is the major application area of this market?
• Who are the IoT in Medical Devices manufacturers across the globe?
• Which geographical location is dominant in this market?
• Which are the top industry players in this market?
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