Internet of Things (IoT) in Healthcare
Report Highlights
The global market for Internet of Things (IoT) in healthcare is estimated to increase from $99.8 billion in 2021 to reach $253.7 billion by 2026, at a compound annual growth rate (CAGR) of 20.5% during the forecast period of 2021-2026.
Report Includes
- 70 data tables and 25 additional tables
- An up-to-date review and analysis of the global market for Internet of Things (IoT) in healthcare specific applications
- Analyses of the global market trends, with historic market revenue (sales data) for 2020 and 2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of the market potential for IoT in healthcare, and areas to forecast this market into various segments and sub-segments
- Evaluation and forecast the global IoT in healthcare market size, projected growth trends, and corresponding market share analysis by component, solution, device type, connectivity, application, end-user vertical, and geographic region
- Discussion on evolution and various applications of IoT solutions across different healthcare verticals, medical connected devices, and updated information on latest market developments
- Assessment of viable technology drivers through a holistic review of various healthcare specific applications for new and existing IoT technologies and cloud architecture
- Discussion of the industry value chain analysis providing a systematic study of the key intermediaries involved, along with a PESTEL analysis for IoT in healthcare
- In-depth information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
- Analysis of patents granted for IoT in healthcare devices between 2018 to Mar. 2022 across each major category
- Descriptive company profiles of the leading global players, including Cisco Systems Inc., IBM Corp., GE Healthcare, Medtronic plc, Koninklijke Philips N.V., and Siemens Healthcare
Report Scope
In this report, the market has been segmented by solution, application, connectivity, end user and region. The report provides an overview of the global IoT in healthcare market and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period, from 2021 to 2026. Revenue forecasts for this period are segmented based on solution, application, connectivity, end user and geography. Market values have been estimated based on the total revenue of IoT in healthcare solution providers.
This report covers the market for IoT in healthcare with regards to applications in various end-use industries across different regions. It also focuses on the major trends and challenges affecting the market and the vendor landscape. This report estimates the global market for IoT in healthcare in 2020 and provides projections on the expected market size through 2026.
Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2020 |
| Forecast period considered | 2021-2026 |
| Base year market size | $79.3 billion |
| Market size forecast | $253.7 billion |
| Growth rate | CAGR of 20.5% from 2021 to 2026 |
| Units considered | $ Millions |
| Segments covered | End User, Connectivity, Application, Component |
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) |
| Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Finland, Austria, China, India, Japan, Singapore, Malaysia, Australia, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Other RoW Countries |
| Key Market Drivers |
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| Companies studied |
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Report Highlights
The global market for IoT in healthcare should grow from $82.3 billion in 2020 to $242.1 billion by 2025 at compound annual growth rate (CAGR) of 24.1% for the period of 2020-2025.
Report Includes
- 58 data tables and 22 additional tables
- An overview of the global market for Internet of Things (IoT) in the healthcare industry applications
- Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) for a five-year forecast period through 2025
- Discussion of major market trends, opportunities and challenges affecting the global market dynamics
- Identification of companies that are considered as leaders in their field, as well as technological means these companies are using to exploit their markets and dominate the market in their fields
- Assessment of viable technology drivers through a holistic review of various healthcare specific applications for new and existing IoT technologies and cloud architecture
- Market share analysis of key market participants and their competitive landscape
- Patent review and analysis within the field of IoT applications in healthcare technology
- Profile description of leading market companies, including Abbott Laboratories, GE Healthcare, Intel Corp., IBM Corp., and Microsoft Corp.