Global IoT in healthcare to grow with 38% CAGR during 2015-2020

New data from P&S Market Research reveals that global IoT in the healthcare market is predicted to grow with a CAGR of 38% during 2015-2020, with the system and software segment expected to experience the fastest growth during the forecast period, with a CAGR of 40.7%. IoT in the healthcare market is growing at a significant rate due to an increasing demand for advance healthcare information system, and growing prevalence of chronic and lifestyle associated diseases, along with a growing need for remote patient monitoring services and increasing support from government organisations. 

NEW YORK, January 26, 2016 /PRNewswire/ --

P&S Market Research Logo (PRNewsFoto/P&S Market Research)

The global IoT in Healthcare market was valued at $24,666.7 million in 2014, and it is expected to grow with a CAGR of 37.6% during 2015 - 2020. Among the various components, the system and software segment is expected to witness the fastest growth during the forecast period, with a CAGR of 40.7%. The global IoT in healthcare market is growing at a significant rate, due to increasing demand for advanced healthcare information system, and growing prevalence of chronic and lifestyle associated diseases. In addition, the growing need for remote patient monitoring services, increasing demand of mHealth technologies, and increasing support from government organizations are also driving the growth of the global IoT in healthcare market.

(Logo: http://photos.prnewswire.com/prnh/20150727/756778 )



Explore Report with Detailed TOC "Global Internet of Things (IoT) in Healthcare" at: https://www.psmarketresearch.com/market-analysis/internet-of-things-in-healthcare-market

The information and data in the publication "Global IoT in Healthcare Market Size, Share, Development, Growth and Demand Forecast to 2020" represent the research and analysis of data from various primary and secondary sources. The bottom-top approach has been used to calculate the global market size by type and drugs. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

The IoT applications in healthcare, such as telemedicine, medication management, clinical operations and workflow management, inpatient monitoring, helps in compiling services related to diagnosis, treatment, care, and rehabilitation. It improves communication between patients and healthcare providers, to reduce medication errors and provide better coordinated care.

Request for Report Sample: https://www.psmarketresearch.com/market-analysis/internet-of-things-in-healthcare-market/report-sample

According to the World Health Organization (WHO), 9.6 million people were diagnosed with tuberculosis and 1.5 million died due to the disease in 2014. Similarly, according to the WHO, globally 130 million to 150 million people had chronic hepatitis C infection in 2014. Moreover, according to the WHO in 2014, 1.2 million people died from HIV related causes globally and 2 million people were newly infected with HIV.

However, lack of security; insufficient memory, computational and energy limitations; and inadequate healthcare infrastructure in developing economies are inhibiting the growth of the market. The increasing number of collaboration and partnerships, growing number of product launches and increasing popularity of IoT healthcare devices are the major trends observed in the global IoT in healthcare market.

Explore Related Research: https://www.psmarketresearch.com/industry-report/healthcare

Geographically, North America dominated the global market of IoT in healthcare in 2014; whereas the Asian market is expected to witness the fastest growth, a CAGR of 41.6%, during the forecast period.

Some of the key companies operating in the global IoT in healthcare market include Medtronic Plc., Koninklijke Philips N.V., General Electric Company, Qualcomm Incorporated, Honeywell Life Care Solutions, SAP SE, Stanley Black & Decker Inc., International Business Machine (IBM) Corporation, Microsoft Corporation, Cerner Corporation, Diabetizer Ltd. & Co. KG, Proteus Digital Health Inc., AdhereTech Inc., and fPhysIQ, Inc.

GLOBAL IOT IN HEALTHCARE MARKET SEGMENTATION

By Component

Medical Devices Wearable External Devices Implanted Medical Devices Stationary Medical Devices

Software and Systems Remote Device Management Network Bandwidth Management Data Analytics Application Security Network Security

Services

By Connectivity Technology

Wi-Fi

Bluetooth Low Energy (BLE)

Zigbee

Near Field Communication (NFC)

Cellular

Satellite

By Application

Telemedicine

Medication Management

Clinical Operations

Connected Imaging

Inpatient Monitoring

Others

By End User

Clinical Research Organization (CRO)

Hospitals & Clinics

Research and Diagnostic Laboratories

Others

Breakdown by Geography

North America The U.S. Canada Rest of North America

Europe The U.K. Germany France Rest of Europe

Asia Japan China India Rest of Asia

Rest of the World (RoW)

Browse Other Published Report by P&S Market Report

Drug of Abuse Testing Market- https://www.psmarketresearch.com/market-analysis/drug-of-abuse-testing

Electronic Health Records (EHR) Systems Market- https://www.psmarketresearch.com/market-analysis/electronic-medical-records-market

Next-Generation Antibody Therapeutics Market- https://www.psmarketresearch.com/market-analysis/next-generation-antibody-market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:

Abhishek

Executive - Client Partner

347, 5th Ave. #1402

New York City, NY - 10016

Toll-free: +1-888-778-7886 (USA/Canada)

Email: [email protected]

Web: https://www.psmarketresearch.com



SOURCE P&S Market Research