Global IoT in Healthcare Market to Witness Rapid Growth, Expected to Reach 1.05 Billion by 2027

IoT in Healthcare Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

The Business Research Company’s IoT in Healthcare Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

The market size of the internet of things (IoT) in healthcare is expected to grow to $441.05 billion in 2027 at a CAGR of 22.9%.”

— The Business Research Company

LONDON, GREATER LONDON, UK, November 17, 2023 / — The global internet of things (IoT) in healthcare market is set to expand from $158.29 billion in 2022 to $193.45 billion in 2023, showcasing a steady compound annual growth rate (CAGR) of 22.2%. Despite the challenging economic environment induced by the Russia-Ukraine conflict and the ongoing pandemic, the market is projected to surge to an impressive $441.05 billion by 2027. This growth is attributed to the increasing integration of smart devices and wearables in healthcare, promising enhanced patient care and management.

Rising Adoption of Smart Devices and Wearables Drives Market Growth
The surge in the adoption of smart devices and wearables within the healthcare sector is a primary driver for the expansion of the IoT in healthcare market. These devices contribute to the collection of precise health information, promoting healthier lifestyles among users and leading to notable advancements in healthcare outcomes.

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Key Players and Technological Advancements
Prominent players such as Medtronic plc and Koninklijke Philips NV are focusing on technological innovation to strengthen their market presence, exemplified by their efforts in developing cutting-edge medical solutions. Companies like GE Healthcare are leading the charge in unveiling a suite of around 60 innovative technology solutions integrated with AI and digital capabilities, revolutionizing various aspects of healthcare delivery, including diagnostics, patient screening, and therapy guidance.

• Component: Medical Devices, Systems and Software, Services
• Connectivity Technology: Cellular, Wi-Fi, Near Field Communications, Satellite, Bluetooth, Zigbee
• Application: Telemedicine, Clinical Operations and Workflow Management, Inpatient Monitoring, Medication Management, Other Applications
• End-Use: Clinical Research Organizations, Government Institutions, Research and Diagnostic Laboratories, Hospitals and Clinics, Other End Users

Geographical Insights: North America Takes the Lead
In 2022, North America emerged as the leading region in the IoT in healthcare market, with Asia-Pacific anticipated to showcase the highest growth rate during the forecast period. Comprehensive insights into regional dynamics, market trends, and growth prospects are available in the complete report.

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Internet Of Things (IoT) In Healthcare Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Internet Of Things (IoT) In Healthcare Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on internet of things (IoT) in healthcare market size, internet of things (IoT) in healthcare market drivers and trends, internet of things (IoT) in healthcare market major players, IoT in healthcare market competitors’ revenues, market positioning, and IoT in healthcare market growth across geographies. The internet of things (IoT) in healthcare market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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