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LAMEA Internet of Medical Things (IoMT) Market Size, Share & Industry Trends Analysis Report By Deployment Type (On-premise, and Cloud), By Component, By End-use, By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 180 Pages
  • September 2023
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5903645
The Latin America, Middle East and Africa Internet of Medical Things (IoMT) Market would witness market growth of 23.2% CAGR during the forecast period (2023-2030).

IoMT's advantage is that it provides fewer errors and more accurate diagnoses at a reduced cost, thereby improving market-driving healthcare outcomes. With the Internet of Things and mobile applications, patients can transmit their health information to their physicians, allowing them to observe chronic diseases more in-depth.

IoMT increases human-machine interaction, enhancing real-time health surveillance solutions and patient participation in decision-making. Diet, physical activity, and quality-of-life monitoring systems have become more accessible due to the Internet of Medical Things-enabled devices. Innovative devices such as implantable processors, wearable devices, and biomedical embedded systems continually track patient activity and vital signs. Telemedicine is the remote monitoring of patients in their residences using IoMT devices.

The use of telemedicine and telehealth have surged in recent years owing to factors like increased internet penetration, smart devices’ accessibility, and the growing need for remote monitoring. It facilitates the development of new technologies that enable patient self-service and reduce the need for in-person visits. The Internet of Medical Things (IoMT) furnishes data, providing clinicians with a more precise understanding of their patients' health conditions.

According to the ITA, the UAE's healthcare industry is a lucrative opportunity, especially since public spending accounts for more than two-thirds of healthcare expenditures. The federal budget 2022 allocated $15.8 billion (AED 58.931 billion) for public spending, of which 8.4% is allocated to healthcare. The UAE's Vision 2040 identifies healthcare as a priority sector, and the country will continue to be a desirable location for establishing a regional distribution center for healthcare services. Therefore, the market is anticipated to expand with this region's growing healthcare infrastructure.

The Brazil market dominated the LAMEA Internet of Medical Things (IoMT) Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,124.6 million by 2030. The Argentina market is showcasing a CAGR of 23.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 22.9% during (2023 - 2030).

Based on Deployment Type, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Hardware (Stationary Devices, Wearable Devices, Implantable Devices, and Others), Software (Device Management, Application Management, Cloud Management, and Data Analytics & Others), and Services. Based on End-use, the market is segmented into Hospitals, Research Institutes & Academics, Clinics, Homecare, and Others. Based on Application, the market is segmented into Telemedicine, Connected Imaging, Clinical Operations & Workflow Management, Medication Management, Inpatient Monitoring, and others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Boston Scientific Corporation, Biotronik SE & Co. KG, Cisco Systems, Inc., General Electric Company, Honeywell International, Inc., IBM Corporation, Koninklijke Philips N.V., Lenovo Group Limited and Medtronic PLC.

Scope of the Study

Market Segments Covered in the Report:

By Deployment Type
  • On-premise
  • Cloud
By Component
  • Hardware
  • Stationary Devices
  • Wearable Devices
  • Implantable Devices
  • Others
  • Software
  • Device Management
  • Application Management
  • Cloud Management
  • Data Analytics & Others
  • Services
By End-use
  • Hospitals
  • Research Institutes & Academics
  • Clinics
  • Homecare
  • Others
By Application
  • Telemedicine
  • Connected Imaging
  • Clinical Operations & Workflow Management
  • Medication Management
  • Inpatient Monitoring
  • Others
By Country
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Apple, Inc.
  • Boston Scientific Corporation
  • Biotronik SE & Co. KG
  • Cisco Systems, Inc.
  • General Electric Company
  • Honeywell International, Inc.
  • IBM Corporation
  • Koninklijke Philips N.V.
  • Lenovo Group Limited
  • Medtronic PLC

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Internet of Medical Things (IoMT) Market, by Deployment Type
1.4.2 LAMEA Internet of Medical Things (IoMT) Market, by Component
1.4.3 LAMEA Internet of Medical Things (IoMT) Market, by End-use
1.4.4 LAMEA Internet of Medical Things (IoMT) Market, by Application
1.4.5 LAMEA Internet of Medical Things (IoMT) Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Internet of Medical Things (IoMT) Market
4.3 Porter’s Five Force Analysis
Chapter 5. LAMEA Internet of Medical Things (IoMT) Market by Deployment Type
5.1 LAMEA On-premise Market by Country
5.2 LAMEA Cloud Market by Country
Chapter 6. LAMEA Internet of Medical Things (IoMT) Market by Component
6.1 LAMEA Hardware Market by Country
6.2 LAMEA Internet of Medical Things (IoMT) Market by Hardware Component
6.2.1 LAMEA Stationary Devices Market by Country
6.2.2 LAMEA Wearable Devices Market by Country
6.2.3 LAMEA Implantable Devices Market by Country
6.2.4 LAMEA Others Market by Country
6.3 LAMEA Software Market by Country
6.4 LAMEA Internet of Medical Things (IoMT) Market by Software Component
6.4.1 LAMEA Device Management Market by Country
6.4.2 LAMEA Application Management Market by Country
6.4.3 LAMEA Cloud Management Market by Country
6.4.4 LAMEA Data Analytics & Others Market by Country
6.5 LAMEA Services Market by Country
Chapter 7. LAMEA Internet of Medical Things (IoMT) Market by End-use
7.1 LAMEA Hospitals Market by Country
7.2 LAMEA Research Institutes & Academics Market by Country
7.3 LAMEA Clinics Market by Country
7.4 LAMEA Homecare Market by Country
7.5 LAMEA Others Market by Country
Chapter 8. LAMEA Internet of Medical Things (IoMT) Market by Application
8.1 LAMEA Telemedicine Market by Country
8.2 LAMEA Connected Imaging Market by Country
8.3 LAMEA Clinical Operations & Workflow Management Market by Country
8.4 LAMEA Medication Management Market by Country
8.5 LAMEA Inpatient Monitoring Market by Country
8.6 LAMEA Others Market by Country
Chapter 9. LAMEA Internet of Medical Things (IoMT) Market by Country
9.1 Brazil Internet of Medical Things (IoMT) Market
9.1.1 Brazil Internet of Medical Things (IoMT) Market by Deployment Type
9.1.2 Brazil Internet of Medical Things (IoMT) Market by Component
9.1.2.1 Brazil Internet of Medical Things (IoMT) Market by Hardware Component
9.1.2.2 Brazil Internet of Medical Things (IoMT) Market by Software Component
9.1.3 Brazil Internet of Medical Things (IoMT) Market by End-use
9.1.4 Brazil Internet of Medical Things (IoMT) Market by Application
9.2 Argentina Internet of Medical Things (IoMT) Market
9.2.1 Argentina Internet of Medical Things (IoMT) Market by Deployment Type
9.2.2 Argentina Internet of Medical Things (IoMT) Market by Component
9.2.2.1 Argentina Internet of Medical Things (IoMT) Market by Hardware Component
9.2.2.2 Argentina Internet of Medical Things (IoMT) Market by Software Component
9.2.3 Argentina Internet of Medical Things (IoMT) Market by End-use
9.2.4 Argentina Internet of Medical Things (IoMT) Market by Application
9.3 UAE Internet of Medical Things (IoMT) Market
9.3.1 UAE Internet of Medical Things (IoMT) Market by Deployment Type
9.3.2 UAE Internet of Medical Things (IoMT) Market by Component
9.3.2.1 UAE Internet of Medical Things (IoMT) Market by Hardware Component
9.3.2.2 UAE Internet of Medical Things (IoMT) Market by Software Component
9.3.3 UAE Internet of Medical Things (IoMT) Market by End-use
9.3.4 UAE Internet of Medical Things (IoMT) Market by Application
9.4 Saudi Arabia Internet of Medical Things (IoMT) Market
9.4.1 Saudi Arabia Internet of Medical Things (IoMT) Market by Deployment Type
9.4.2 Saudi Arabia Internet of Medical Things (IoMT) Market by Component
9.4.2.1 Saudi Arabia Internet of Medical Things (IoMT) Market by Hardware Component
9.4.2.2 Saudi Arabia Internet of Medical Things (IoMT) Market by Software Component
9.4.3 Saudi Arabia Internet of Medical Things (IoMT) Market by End-use
9.4.4 Saudi Arabia Internet of Medical Things (IoMT) Market by Application
9.5 South Africa Internet of Medical Things (IoMT) Market
9.5.1 South Africa Internet of Medical Things (IoMT) Market by Deployment Type
9.5.2 South Africa Internet of Medical Things (IoMT) Market by Component
9.5.2.1 South Africa Internet of Medical Things (IoMT) Market by Hardware Component
9.5.2.2 South Africa Internet of Medical Things (IoMT) Market by Software Component
9.5.3 South Africa Internet of Medical Things (IoMT) Market by End-use
9.5.4 South Africa Internet of Medical Things (IoMT) Market by Application
9.6 Nigeria Internet of Medical Things (IoMT) Market
9.6.1 Nigeria Internet of Medical Things (IoMT) Market by Deployment Type
9.6.2 Nigeria Internet of Medical Things (IoMT) Market by Component
9.6.2.1 Nigeria Internet of Medical Things (IoMT) Market by Hardware Component
9.6.2.2 Nigeria Internet of Medical Things (IoMT) Market by Software Component
9.6.3 Nigeria Internet of Medical Things (IoMT) Market by End-use
9.6.4 Nigeria Internet of Medical Things (IoMT) Market by Application
9.7 Rest of LAMEA Internet of Medical Things (IoMT) Market
9.7.1 Rest of LAMEA Internet of Medical Things (IoMT) Market by Deployment Type
9.7.2 Rest of LAMEA Internet of Medical Things (IoMT) Market by Component
9.7.2.1 Rest of LAMEA Internet of Medical Things (IoMT) Market by Hardware Component
9.7.2.2 Rest of LAMEA Internet of Medical Things (IoMT) Market by Software Component
9.7.3 Rest of LAMEA Internet of Medical Things (IoMT) Market by End-use
9.7.4 Rest of LAMEA Internet of Medical Things (IoMT) Market by Application
Chapter 10. Company Profiles
10.1 Apple, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Boston Scientific Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.3 Biotronik SE & Co. KG
10.3.1 Company Overview
10.4 Cisco Systems, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 General Electric Company
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 Honeywell International, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 SWOT Analysis
10.7 IBM Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 SWOT Analysis
10.8 Koninklijke Philips N.V.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Product Launches and Product Expansions:
10.8.5.3 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 Lenovo Group Limited
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. Medtronic PLC
10.10.1 Company overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Acquisition and Mergers:
10.10.6 SWOT Analysis

Companies Mentioned

  • Apple, Inc.
  • Boston Scientific Corporation
  • Biotronik SE & Co. KG
  • Cisco Systems, Inc.
  • General Electric Company
  • Honeywell International, Inc.
  • IBM Corporation
  • Koninklijke Philips N.V.
  • Lenovo Group Limited
  • Medtronic PLC

Methodology

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