Tokyo, Japan -- (SBWire) -- 01/17/2019 --The market is primarily driven by the evolution of artificial intelligence technology, rise in investments for the implementation of IoT healthcare solutions and the increasing penetration of connected devices in healthcare. Dependency of IoT in healthcare Market is increasing day by day to improve access to care, enhance the quality of care, and most importantly to limit the cost of care. IoT eliminates the need for a health care professional by providing a ubiquitous monitoring system using sensors, gateways, and cloud, to analyze and store the data and communicate it wirelessly to medical professionals for further analysis.
The global IoT in healthcare market size was valued at USD 120.2 billion in 2018 and is anticipated to exhibit a CAGR of +20% over the forecast period 2019-2025.
The firm has precisely crafted the report based on real-time facts and figures, therefore, establishing an in-depth synopsis of the competitive landscape of the global IoT in healthcare Market, and helping stakeholders understand the primary threats and prospects of investing in it. An all-inclusive analytical review has been done to create a standardized founding to understand the primary threats and prospects that vendors in the market are expected to deal with.
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Top Key Vendors in Market:
Apple Inc., Cisco Systems Inc., GE Healthcare Ltd., Google (Alphabet), International Business Machines Corporation, Medtronic PLC, Microsoft Corporation, Qualcomm Life Inc., Proteus Digital Health, Koninklijke Philips N.V., St. Jude Medical Inc.
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Healthcare systems make use of interconnected smart devices to establish an IoT network for healthcare analysis and patient monitoring, automatically identifying situations where physician involvement is needed. The IoT in healthcare Market can be segmented based on component, application, technology used, end-use, and region. In terms of component type, the market can be divided into hardware, software, and service. The hardware segment is further segmented into portable diagnostic devices and non-portable diagnostic devices.
The competitive scenario, the report geographically has been divided into regions such as North America, Europe, Asia Pacific, Middle East, and Latin America. North America has presently demonstrated to be the fastest growing regional IoT in healthcare Market. This report throws light on the contractors providing raw materials, which also forms the industry chain structure of big data manufacturing market also forms a key part of this study.
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IoT in Healthcare Market : Technology, End User and Key Players Like: Apple Inc, Cisco Systems Inc, GE Healthcare Ltd, International Business Machines Corporation
The Global IoT in healthcare Market Report includes a comprehensive analysis of the present market. The report starts with the basic Global IoT in healthcare Market overview and then goes into each and every detail.