The IoT Healthcare market is expected to have a CAGR of 43.01% during the period 2016-2022, mainly driven by growing investments in healthcare market by governments and various other stakeholders. The IoT healthcare market is analysed by six regions – North America, Western Europe, Asia-Pacific, Central Eastern Europe (CEE), Middle East & Africa and Latin America. Further the region markets are also analysed by countries to understand the healthcare spending, government initiatives and underlying opportunities for IoT healthcare market. North America is the most matured market sowing to its extensive health infrastructure and the ever increasing pressure to control the healthcare costs.
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Internet Of things (IOT) is a network which connects objects via embedded electronics, sensors, and network connectivity. IoT gather devices and share the information, making it possible to collect and analyses data faster 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.
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 market players include GE Healthcare, Medtronic, Koninklijke Philips NV, Stanley Healthcare, and Air Strip Technologies.
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Healthcare providers, payers, bio pharma and medical devices companies are investing heavily in adopting new technologies, enter new markets with acquisitions and forge multiple collaborations to scale and be ahead of the competitors. Healthcare market is favoured by government mandates which reduce healthcare burden on individual. One of the major trend in the market is hit by high consumerization. Consumers want to take control of their health and which has boosted the market for fitness bands such as Nike Fuel band, Google Glass, and Fitbit. The devices provide data at regular or scheduled intervals of time which are often supported by analytics for consumer to take control of their health and be aware of any variations from the normal health condition.
Table of Contents:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Trends, Roadmap and Projects
7 Types: Market Size & Analysis
8 Technologies and Services: Market Size & Analysis
9 Applications: Market Size & Analysis
10 Regions: Market Size & Analysis
11 Global Generalist
12 Companies to Watch for
13 Competitive Landscape
13.1 Competitor Comparison Analysis
13.2 Market Landscape
13.2.1 Mergers & Acquisitions (M&A)
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