The global IoT healthcare market is anticipated to grow at a CAGR of around 16.8% during the forecast period. IoT enables the healthcare professional to connect with the patients more proactively. The data collected through IoT devices support the physicians to devices on the best treatment option for the patient. Certain benefits of IoT healthcare include cost reduction, productivity and more efficiency, enhanced customer experience and mobility and agility.

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The global IoT healthcare market is classified on the basis of components, application and end-user. based on the component market is segmented into hardware and software & services. Based on applications, the market is classified into patient monitoring, telemedicine, connected imaging, and others. On the basis of end-user, the market is segmented into hospitals & clinics, clinical research organization, research laboratories, and others.

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The increased adoption of health and fitness due to COVID-19 will be increasing the use of real-time health monitoring increasing the IoT healthcare market. Rise of usage of connected technology devices to manage operational as well as clinical tasks further drives the growth of the market. Large adoption of electronic health records (EHR) has been the major factor driving the market growth. Additionally, rising investments from major healthcare IT companies and increasing healthcare spending acts as some major motivators for the market. Moreover, the rising geriatric population creates demand for remote monitoring and EHR applications.

High costs of IoT healthcare along with lack of skilled professionals towards this technology act as major restraints for the market growth. The reason behind the high cost is the requirement of the installation of software, hardware, training fees, networking infrastructure, &IT support. However, ongoing improvements in healthcare expenditure and rising demand for IoT healthcare in developing countries are expected to drive the market growth in developing countries in the upcoming years.

Global IoT Healthcare Market – Segmentation
by Component
Hardware
Software & Services
by Application
Patient Monitoring
Telemedicine
Connected Imaging
Others (Connected operation & Workflow Management)
by End-Users
Hospitals & Clinics
Clinical Research Organization
Research Laboratories
Others (Government organization)

Global IoT Healthcare Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Allscripts Healthcare, LLC
Armis Inc.
Bosch Healthcare Solutions GmbH
Cerner Corp.
Cisco Systems Inc.
Capsule Technologies, Inc.
General Electric Co.
Google LLC
Honeywell International Inc.
IBM Corp.
Koninklijke Philips N.V.
Medtronic Plc
Microsoft Corp.
Oracle Corp.
SAP SE
Siemens AG
ScienceSoft Corp.
Softweb Solutions Inc.
Stanley Black & Decker, Inc.
Telit corporate group

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