Global Internet of Medical Things Market By Type, By Component, By Product Type, By Technology, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2017- 2027



Global IoT market by type (body, home, hospital, clinic, community), by component (medical devices, systems and software, connectivity technology, services), by product type (smart wearable devices, medical Devices for home use, point-of-care kits), by technology (Bluetooth Low Energy (BLE), Zigbee, Wifi, LPWAN, others), by application (telemedicine, clinical operations and workflow management, medication management, connected imaging , Other), By End User (Healthcare Providers, Patients, Government Agencies, Other), By Region, Competition, Forecast and Opportunity, 2017-2027

NEW YORK, April 8, 2022 (GLOBE NEWSWIRE) — announces the release of the report, Global Internet of Medical Things Market By Type, By Component, By Product Type, By Technology, By Application, By End User, By Region , Competition, Prognosis & Opportunities, 2017- 2027″ –

The global Internet of Medical Things market is projected to grow at a CGAR of 19.48% during the forecast period 2023-2027 and reach US$198521.00 million by 2027. An increase in healthcare spending and rapid adoption of advanced technologies by the healthcare industry to improve patient care and services are expected to be the key drivers of the global IoT market. Also, the development of the telecommunication sector in developing countries and the deployment of 5G technology are expected to boost the growth of the global IoT market during the forecast period.
Ongoing technological advancements in the healthcare industry are transforming the healthcare industry. The Internet of Medical Things is a system of multiple medical devices connected to or connected to a network.

It can provide health authorities with real-time updates on the patient’s health status, thereby improving the quality of the services provided to the patient. Efforts by leading authorities in emerging markets to provide high-speed Internet connectivity are expected to significantly improve telemedicine services.

The increasing focus of healthcare institutions on providing patient-centric care, fostering patient engagement and making healthcare services affordable will accelerate market demand over the next five years. Also, favorable government policies and digitization trends of healthcare institutions are expected to accelerate the global IoT market during the forecast period.

However, growing concerns about privacy and security may hamper the market growth over the forecast period.
The global IoT market is segmented into Type, Component, Product Type, Technology, Application, End-User, Enterprise, and Regional Distribution. Based on component, the market is segmented into Medical Devices, Systems & Software, Connectivity Technology and Services.

Medical devices dominated the market in 2021 with a market share of 37.27% and is expected to maintain its dominance throughout the forecast period 2023-2027. Increasing awareness of the benefits of adopting preventive healthcare practices and availability of innovative and cost-effective medical devices are the factors driving the market demand.
GE Healthcare, Medtronic Plc., Johnson & Johnson, Koninklijke Philips NV, Siemens Healthineers AG, Abbott Laboratories, Inc., Boston Scientific Corporation, IBM Corporation, Omron Healthcare, Inc., Cisco Systems, Inc., Hill-Rom Holdings, Inc ., Ypsomed AG, Honeywell International Inc., Microsoft Corporation, Qualcomm Life Inc. are among the major market players operating in the global Internet of Medical Things market.

Years considered for this report:

Historical years: 2017-2020
Base year: 2021
Estimated year: 2022
Forecast period: 2023-2027

The aim of the study:

• To analyze the historical growth and market size of the global Internet of Medical Things market from 2017 to 2021.
• To estimate and forecast the market size of the global Internet of Medical Things market from 2022 to 2027 and its growth rate up to 2027.
• To classify and forecast the global IoT market, it is segmented into Test Type, Utilization, Full Test Time, Technology, Probe, Mobility, End-Use, Enterprise, and Regional Distribution.
• Identification of drivers and challenges for the global Internet of Medical Things market.
• To study competitive developments such as expansions, new product launches, mergers and acquisitions, etc. in the global Internet of Medical Things market.
• Conducted price analysis for the global Internet of Medical Things market.
• To identify and analyze the profile of leading players operating in the global Internet of Medical Things Market.
The analyst conducted both primary and extensive secondary research for this study. First, the analyst sourced a list of leading service providers around the world.

The analyst then conducted primary research surveys on the identified companies. During the interviews, respondents were also asked about their competitors.

Through this technique, the analyst could include the service providers that could not be identified due to the limitations of the secondary research. The analyst studied the service companies, distribution channels and presence of all the major players operating in the global IoT market across the world.
The analyst calculated the global IoT market size using a bottom-up approach, recording data for different regions and forecasting it for the coming years. The analyst sourced these values ​​from industry experts and company representatives and validated them externally by analyzing historical data of these product types and applications to arrive at a reasonable overall market size.

The analyst also examined various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports.

Most important target group:

• Internet of Medical Things service providers, suppliers, distributors and other stakeholders
• Government entities such as regulators and policy makers
• Organizations, forums and alliances related to the Internet of Medical Things market
• Market research and consulting companies
The study is useful for providing answers to several critical questions that are important to industry stakeholders such as Internet of Medical Things service providers, suppliers, distributors and other stakeholders. The report would enable stakeholders to strategically plan investments and capitalize on emerging market opportunities.

Report scope:

In this report, the global IoT Market has been segmented into following categories in addition to the industry trends which are also detailed below:
Global IoT Market by Type:
o On the body segment
o In the home segment
o In the hospital segment
o In the clinical segment
o Community segment
Global IoT Market by Component:
o Medical devices
o System & Software
o Connectivity Technology
o Services
Global IoT Market by Product Type:
o Smart wearable devices
o Medical devices for home use
o Point-of-care kits
• Global IoT Market by Technology:
o Bluetooth Low Energy (BLE)
Oh ZigBee
or WiFi
o others
• Global IoT Market by Application:
o Telemedicine
o Clinical operations and workflow management
o Medication management
o Connected imaging
o Stationary surveillance
o others
• Global IoT Market, by End User:
o Healthcare providers
o patients
o Government agencies
o others
Global IoT Market by Regions:
o North America
United States
o Asia Pacific
South Korea
Oh Europe
Great Britain
o South America
o Middle East and Africa
South Africa
Saudi Arabia

competitive landscape

Company Profiles: Detailed analysis of the key companies operating in the global Internet of Medical Things market.

Available customizations:

With the given market data, we offer adjustments to the specific needs of a company. The following customization options are available for the report:

company information

• Detailed analysis and profiling of additional market participants (up to five).
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