Internet Of things (IOT) is a network which connects objects via embedded electronics' sensors' and network connectivity. IoT gather devicesand share the information' making it possible to collect and analyse datafaster and accurately. IoT being used in healthcare sector acts as a catalyst for improving real-time communication between patients and the care provider?s. IoT applications are mostly used to improve access to care' quality of care'and reduce the cost of the total care. As the investment will increase in the healthcare systems' it will be used in telehealth systems delivering better care for remote locations and monitoring systems for better decisions.
The customer intelligence market is expected to have a CAGRof 43.01% during the period 2016-2022' mainly driven by growing investments inhealthcare market by governments and various other stakeholders. The IoT healthcaremarket is analysed by six regions - North America' Western Europe'Asia-Pacific' Central Eastern Europe (CEE)' Middle East & Africa and LatinAmerica. Further the region markets are also analysed by countries tounderstand the healthcare spending' government initiatives and underlyingopportunities for IoT healthcare market. North America is the most matured marketsowing to its extensive health infrastructure and the ever increasing pressureto control the healthcare costs.
Healthcare providers' payers' bio pharma and medical devicescompanies are investing heavily in adopting new technologies' enter new marketswith acquisitions and forge multiple collaborations to scale and be ahead ofthe competitors. Healthcare market is favoured by government mandates whichreduce healthcare burden on individual. One of the major trend in the market ishit by high consumerization. Consumers want to take control of their health andwhich has boosted the market for fitness bands such as Nike Fuel band' Google Glass' and Fitbit. Thedevices provide data at regular or scheduled intervals of time which are oftensupported by analytics for consumer to take control of their health and beaware of any variations from the normal health condition.
Healthcare organizations adopting IoT solutions to reduce cost of healthcare and also improve quality of healthcare delivery. Major capabilities of customer intelligence solution are predictive analytics' decision management' real-time scoring' customer engagement' cross-campaign optimization' customer lifetime value segmentation. Some of the major marketplayers include GE Healthcare' Medtronic' Koninklijke Philips NV' StanleyHealthcare' and AirStrip Technologies.
This study covers and analyses "IoT healthcare market" globally. Bringing out the complete keyinsights of this industry' this report aims to provide an opportunity forplayers to understand the latest trends' current market scenario' governmentinitiative and technologies related to the market. In addition' helps the venture capitalist in understanding the companies better and take informed decisions.
Region/Country Cover in the Report
North America
Latin America
Western Europe
Central Eastern Europe
Middle East & Africa
Asia-Pacific
IoT solutions is changing the course of healthcare industry and is impacting the way people are treated. IoT is a disruptive innovation which bridges interoperability challenges to radically change the way in which healthcare will be delivered' driving better outcomes' increasing efficiency and making healthcare affordable. . All stakeholders of the system i.e.' Governments' health care delivery systems' insurers' and consumers are engaged in a persistent tug-of-war between competing priorities: meeting the increasing demand for health care services and reducing the rising cost of those services.
With customers being empowered by the mobile and accessibility to internet' there has been a startling change in the behaviour patterns and the influencer which helps them in deciding which doctor' medicine or treatment to opt for. The market will see enormous growth of IoT applications which would more of consumer oriented.
Organisations in healthcare space to expand their offerings and scaling up are forging multiple partnerships with technology providers. They also collaborate and develop new solutions to cater to the market. Start-ups in the healthcare space are truly revolutionary with smart systems such as adhere mechanisms to control drug usage and after effects of the drugs in taken. The smart pills and adhere mechanisms provide immense data to care providers and relatives to take necessary steps when an abnormality is detected. Anonymous information is also passed for drug trial which helps in improving the overall drug capability.
Infoholic Research forecasts the IoT healthcare market to grow at a CAGR of 43.01% during the period 2016-2022. The report covers IoT healthcare market in terms of types' technology & services' applications' and regions. The regions include North America' Western Europe' Asia Pacific( Excluding Japan)' Central Eastern Europe' Middle East & Africa and Latin America. Further the report also analyses country level analysis for every region. The report also covers market share' value chain analyses' and market metrics such as drivers and restraints. In addition' it presents a competitive landscape and profiles of the key market participants.
Key Players Covered in the Report
GE Healthcare
Medtronic' Inc.
Philips NV
Stanley Healthcare
AirStrip Technologies
Vivify Health' Inc.
Cisco Systems
IBM Corp.
Microsoft Corp.
SAP SE
Cerner Corp.
Proteus Digital Health' Inc.
Adheretech' Inc.
Diabetizer Ltd. & Co. KG
Propeller Health
Healthsense Inc.
