Internet of Things refers to ubiquitous network of interconnected objects capable of information storage and exchange through the use of embedded sensors, actuators, and other devices. The IoT is a revolutionary technology which facilitates data-driven decision making by monitoring and managing objects in real-time. The proliferation of IoT in healthcare segment in anticipated witnessing surge in demand with use of technologically advanced medical devices. Adoption of IoT services in healthcare leads to introduction of technologically advanced connected medical devices which help in remote patient monitoring and clinical care in general. Furthermore, it provides new possibilities for personalized healthcare with the use of leading healthcare applications such as Health tracker apps, Healthcare wearable, Telemonitoring and smarthomes, Electronic health records, etc.
IoT Healthcare market can be broadly divided into three components - Medical devices, Systems & software, and Services. Software & system segment dominates global IoT Healthcare market. Some of the leading technologies facilitating integration of IoT in healthcare domain that are covered in the report are RFID, mHealth, Telemedicine and Bluetooth Low Energy. Extensive coverage on actual and forecasted market analysis of IoT Healthcare, its components and technologies are provided in the report.
Growth of the market is fueled by increasing prevalence of chronic diseases, rising number of geriatric population globally and higher efficiency provided by use of IoT in healthcare. Other factors such as availability of high speed internet and favorable government regulatory policies are also expected to boost market growth. However, certain limitations of IoT in healthcare segment poses challenge to growth of the industry. Some of these are lack of interoperability, privacy and security concerns and lack of regulatory oversight.
The report also covers section on major trends and industry developments in recent years which influences industry dynamics. Companies operating in the segment, both medical device manufacturers and IT companies are developing innovative products and services such as, Cognitive solution to diabetes management by Medtronic and IBM, Medical data exchange by Cisco and Philips Medical dispensing service, amongst others.
The report highlights key players operating in IoT healthcare market. These include Medtronic PLC, GE Healthcare and Philips Healthcare. These players have been profiled based on attributes such as business overview, product segments, financial and business strategies. It also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. The report includes relevant information which can be fruitful for clients in evaluating opportunities in global IoT healthcare market.
1. Executive Summary
2. Research Methodology
3. Internet of Things
3.1 Overview
3.2 Market Size
3.3 Applications
4. IoT Healthcare Industry
4.1 Overview
4.2 Applications
4.3 Benefits of IoT in Healthcare
5. Global IoT Healthcare Market Analysis
5.1 Market Sizing
5.1.1 Market Sizing by Volume
5.1.2 Market Sizing by Value
6. Global IoT Healthcare Market Segment Analysis
6.1 By Components
6.1.1 Medical Devices
6.1.2 Software & Systems
6.1.3 Services
6.2 By technology
6.2.1 RFID
6.2.2 mHealth
6.2.3 Telemedicine
6.2.4 Bluetooth Low Energy
7. Global IoT Healthcare Trends & Industry Developments
7.1 Cognitive Solution to Diabetes Management
7.2 Medical Data Exchange by Cisco
7.3 Philips Medication Dispensing Service
7.4 Others
8. Global IoT Healthcare Market Dynamics
8.1 Growth Drivers
8.1.1 Increasing prevalence of chronic diseases
8.1.2 Growing geriatric population
8.1.3 Higher efficiency in Healthcare
8.2 Challenges
8.2.1 Lack of Interoperability
8.2.2 Privacy and Security Concerns
8.2.3 Lack of Oversight
9. Competitive Landscape
10. Company Profiles
10.1 Medtronic PLC
10.1.1 Business Overview
10.1.2 Financial Overview
10.1.3 Business Strategies
10.2 GE Healthcare
10.2.1 Business Overview
10.2.2 Financial Overview
10.2.3 Business Strategies
10.3 Philips Healthcare
10.3.1 Business Overview
10.3.2 Financial Overview
10.3.3 Business Strategies
List of Tables
Table 1: Major Applications of Internet of Things
Table 2: Chronic Disease Management and IoT
Table 3: Home Care IoT use case
Table 4: Short-term Care planning using IoT
Table 6: Financial Comparison of IoT Healthcare Companies
Table 7: Comparison of GE Healthcare and Philips Healthcare
List of Figures
Figure 1: IoT Business Model
Figure 2: IoT Market Segmentation
Figure 3: Global IoT Market Size by Volume (Installed Base), 2014-20F (Million Units)
Figure 4: IoT Devices Installed in Generic Business Segments, 2013-20F (Units)
Figure 5: Smart Medical - Remote and Automated Patient Monitoring Systems
Figure 6: Global Internet of Things in Healthcare Market Size by Device Installations, 2013-20F (Devices Shipped in Millions)
Figure 7: Global Internet of Things in Healthcare Market Size by Value Forecasted, 2012-20F (US$ Billions)
Figure 8: Global IoT Healthcare Market Share by Components, 2012-20F (%)
Figure 9: Global IoT Healthcare – Medical Devices Market Size by Value, 2012-20F (US$ Billions)
Figure 10: Global IoT Healthcare – Software & Systems Market Size by Value, 2012-20F (US$ Billions)
Figure 11: Global IoT Healthcare – Services Market Size by Value, 2012-20F (US$ Billions)
Figure 12: Global RFID Healthcare Market Size Forecast by Value, 2012-20F (US$ Billions)
Figure 13: Global mHealth (mobile health) Industry Market Size by Value, 2012-20F (US$ Billions)
Figure 14: Global Telemedicine Market Size by Value, 2014-20F (US$ Billions)
Figure 15: Global Bluetooth Enabled Healthcare Device Shipment, 2014-20F (Million units)
Figure 16: Cisco Interoperability Solution: Technology Building Blocks
Figure 17: Percentage of Population with Chronic Disease in the US, 2005-30F
Figure 18: Global Ageing Population (Over 60 years), 2015-50F (Millions)
Figure 19: Medtronic PLC Revenue by Business Segment, FY2015 (US$ Billions)
Figure 20: Medtronic PLC Net Sales, FY2011-FY2015 (US$ Billions)
Figure 21: GE Healthcare Revenue by Business Segment, FY2015
Figure 22: GE Healthcare Revenue, FY2013-FY2015 (US$ Billions)
Figure 23: Philips Healthcare Revenue by Business Segment, FY2015
GE Healthcare, Medtronic plc, Philips Healthcare
*If Applicable.
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