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Global IoT in Healthcare Market (2023-2028) by Component, Connectivity Technology, Application, End User, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 212 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5635982

Quick Summary:

Boosting the efficiency of healthcare through digitalization has never been more important, and the Global IoT in Healthcare Market is a key player in this revolution. This report highlights the sector's potential, bringing valuable insights to those who are keen on exploring this digitally lead transformation. It combines comprehensive evaluation of the market trends, industry dynamics, and market segmentation, providing a holistic view of the sector's progress and future developments.

The report also offers an in-depth analysis of the competition in the market, highlighting the positions of major players like Apple Inc., Cisco System, and GE Healthcare. It features an innovative Competitive Quadrant tool that categorizes competitors based on their industry position and market performance. Furthermore, utilizing proven research methodologies to assess the market size and projections, this report will aid your decision-making process with verifiable data from authentic sources. Be it market development, penetration, product development, or diversifying strategies, the Ansoff Matrix analysis in our report is designed to outline the best approaches to improve market positions.

The Global IoT in Healthcare Market is estimated to be USD 97.85 Bn in 2023 and is expected to reach USD 280.39 Bn by 2028, growing at a CAGR of 23.4%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.

Market Segmentations

The Global IoT in Healthcare Market is segmented based on Component, Connectivity Technology, Application, End User, and Geography.
  • By Component, the market is classified into Medical Devices, Systems & Software, and Services.
  • By Connectivity Technology, the market is classified into Bluetooth, NFC, Wi-Fi, and ZigBee.
  • By Application, the market is classified into Telemedicine, Inpatient Monitoring, Medication Management, and Other.
  • By End User, the market is classified into Hospitals, Clinical Research Organizations, and Other.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Apple, Inc., Cisco System, GE Healthcare, Microsft Corp., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global IoT in Healthcare Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global IoT in Healthcare Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global IoT in Healthcare Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global IoT in Healthcare Market

What is the estimated value of the Global IoT in Healthcare Market?

The Global IoT in Healthcare Market was estimated to be valued at $97.86 Billion in 2023.

What is the growth rate of the Global IoT in Healthcare Market?

The growth rate of the Global IoT in Healthcare Market is 23.4%, with an estimated value of $280 Billion by 2028.

What is the forecasted size of the Global IoT in Healthcare Market?

The Global IoT in Healthcare Market is estimated to be worth $280 Billion by 2028.

Who are the key companies in the Global IoT in Healthcare Market?

Key companies in the Global IoT in Healthcare Market include Apple Inc, Capsule Technologies, Inc., Cerner Corp., Cisco Systems, GE Healthcare, Google LLC, IBM Corp., Koninklijke Philips NV, Medtronic PLC and Microsoft Corp..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Focus to Improve Patient Engagement and Deliver Patient-Centric Care
4.1.2 Increasing Penetration of Mheath In Economies
4.1.3 Penetration of High-Speed Network Technologies Initiating IoT Connectivity
4.2 Restraints
4.2.1 Legacy and Outdated Infrastructure
4.2.2 Complex Integration Supporting Multiple Devices and Protocols
4.3 Opportunities
4.3.1 Government Initiatives for Promoting Digital Health
4.3.2 Improvements in Connectivity to Enhance IoT Device Performance
4.4 Challenges
4.4.1 Data Security and Privacy Issue

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 Global IoT in Healthcare Market, By Component
6.1 Introduction
6.2 Medical Devices
6.2.1 Wearable External Medical Devices
6.2.2 Implanted Medical Devices
6.2.3 Stationary Medical Devices
6.3 Systems and Software
6.4 Services

7 Global IoT in Healthcare Market, By Application
7.1 Introduction
7.2 Telemedicine
7.3 Inpatient Monitoring
7.4 Medication Management
7.5 Other

8 Global IoT in Healthcare Market, By End User
8.1 Introduction
8.2 Hospitals
8.3 Clinical Research Organizations
8.4 Other End Users

9 Global IoT in Healthcare Market, By Connectivity Technology
9.1 Introduction
9.2 Bluetooth
9.3 NFC
9.4 Wi-Fi
9.5 ZigBee

10 Americas' IoT in Healthcare Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas

11 Europe's IoT in Healthcare Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe

12 Middle East and Africa's IoT in Healthcare Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA

13 APAC's IoT in Healthcare Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific

14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements

15 Company Profiles
15.1 Apple Inc
15.2 Capsule Technologies, Inc.
15.3 Cerner Corp.
15.4 Cisco Systems
15.5 GE Healthcare
15.6 Google LLC
15.7 IBM Corp.
15.8 Koninklijke Philips NV
15.9 Medtronic PLC
15.10 Microsoft Corp.
15.11 Resideo Technologies, Inc.
15.12 SAP SE
15.13 Stanley Healthcare

16 Appendix
16.1 Questionnaire

Companies Mentioned

  • Apple Inc
  • Capsule Technologies, Inc.
  • Cerner Corp.
  • Cisco Systems
  • GE Healthcare
  • Google LLC
  • IBM Corp.
  • Koninklijke Philips NV
  • Medtronic PLC
  • Microsoft Corp.
  • Resideo Technologies, Inc.
  • SAP SE
  • Stanley Healthcare