Global Internet of Things (IoT) Healthcare Industry

Global Internet of Things (IoT) Healthcare Industry

  • April 2021 •
  • 140 pages •
  • Report ID: 6031956 •
  • Format: PDF
Abstract:
- Global Internet of Things (IoT) Healthcare Market to Reach $287.9 Million by 2027
- Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Healthcare estimated at US$125.7 Million in the year 2020, is projected to reach a revised size of US$287.9 Million by 2027, growing at a CAGR of 12.6% over the analysis period 2020-2027. Services, one of the segments analyzed in the report, is projected to record a 13.6% CAGR and reach US$144.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Systems segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $37.1 Million, While China is Forecast to Grow at 12% CAGR
- The Internet of Things (IoT) Healthcare market in the U.S. is estimated at US$37.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$50.1 Million by the year 2027 trailing a CAGR of 12% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 10.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
- Devices Segment to Record 10.2% CAGR
- In the global Devices segment, USA, Canada, Japan, China and Europe will drive the 10.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$23.5 Million in the year 2020 will reach a projected size of US$46.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$33.9 Million by the year 2027.

- Select Competitors (Total 36 Featured) -
  • Abbott, Inc
  • AdhereTech
  • Boston Scientific
  • Cerner Corporation
  • Cisco Systems, Inc.
  • Epic Systems Corporation
  • GE Healthcare, Inc.
  • Honeywell
  • IBM, Inc.
  • Intel, Inc.
  • Koninklijke Philips, Inc.
  • Medtronic, Inc.
  • Microsoft, Inc.
  • Proteus Digital Health
  • SAP SE
  • Siemens Healthineers GmbH
  • Stanley Healthcare
  • Thinklabs