Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Introduction Report Description Gradually, internet of things startups are finding new applications within healthcare and leveraging connected sensors to better diagnose, monitor, and manage patients and treatment. Many companies are focused on clinical-grade wearables to more robustly track patient data, while others see opportunity for sensor networks within hospitals and practices to optimize healthcare delivery and monitor patient adherence This report estimates the market size of Internet Of Things In The Healthcare Sector Market in terms of value (USD million) over the period of 2015 to 2023.The year 2016 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for internet of things in the healthcare sector market in numerous Distribution Channel is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global internet of things in the healthcare sector market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of internet of things in the healthcare sector market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of internet of things in the healthcare sector market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global internet of things in the healthcare sector market that will impact the demand during the forecast period. The IGRŠ Infinium Global Research
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Segmentation and Research Scope INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET SEGMENTATION IoT in the Healthcare Sector Market
Component Medical devices Software systems Services
Distribution Channel Hospitals and clinics CROs Research and diagnostic laboratories Others
Region
NORTH AMERICA EUROPE ASIA PACIFIC ROW
The report on global internet of things in the healthcare sector market covers segments such as Componentand distribution channel. The global internet of things in the healthcare sector market by component covers medical devices, software systems and services. On the basis of distribution channel, the market is segmented as hospitals and clinics, cros (contract research organizations), research and diagnostic laboratories and others. Research Methodology Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the internet of things in the healthcare sector market, to © Infinium Global Research
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size Arriving at Regional/Country Market Size
Market Share of Key Players
Key Market Players
Accumulation of the country level market size (value) Regional market size of IoT in the Healthcare Sector and its sub-markets
Accumulation of the regional/country market size and submarkets (value)
Segment revenue of the key players Country level market size by component, Distribution Channel
Identifying key players in the IoT in the Healthcare Sector market
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Global market size of IoT in the Healthcare Sector market Value for 2016 to 2023
% breakdown by market segments by component, Distribution Channel Value for 2016 and 2023
Determine the Regional Market Size
Country Level Market Sizing
Regional market size of the IoT in the Healthcare Sector market (value) Regional market size of component, Distribution Channel Country level market size of the IoT in the Healthcare Sector market in every region (value) Country level market size of component, Distribution Channel in every region
TOP-DOWN APPROACH
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The study on global internet of things in the healthcare sector market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global internet of things in the healthcare sector market. The estimates in the global internet of things in the healthcare sector market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of internet of things in the healthcare sector market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the Component, Component and Distribution Channel. IGR- RESEARCH METHOD AND DATA TRIANGULATION
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing products of internet of things in the healthcare sector . Product managers Sales managers Industry consultants Distributors/Suppliers
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Primary Research
Industry Publications Government Agencies' Publications Industry news Data sources
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
SECONDARY SOURCES
General Publications
Demand Side
PRIMARY SOURCES
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The market size of internet of things in the healthcare sector is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the internet of things in the healthcare sector market. The primary interview participants typically includes managers and CXO level executives of theleading players in this market. The primary interviews not only help identify the market size of the internet of things in the healthcare sector market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the internet of things in the healthcare sector market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of internet of things in the healthcare sector. With the help of primary interviews and secondary research the market size of internet of things in the healthcare sector is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of internet of things in the healthcare sector in the world market. EXECUTIVE SUMMARY Global Internet of Things in the Healthcare Sector Market Market Highlights, (USD Million) The global internet of things in the healthcare sector market is expected to grow at a CAGR of X.X % between 2017 and 2023 in terms of value. Efficient remote health monitoring, reduction of patient’s hospital stay, increasing number of applications, advanced disease management systems, improvement in patient monitoring and better patient outcomes are the key driving factors for the growth of this market. In addition, rise in prevalence of chronic diseases, rise in base of aging population, growing preference for remote clinical monitoring, and introduction of large number of smart wearables into the market is further expected to boost the market growth in coming years. The technological advancements have streamlined and automated the critical practices of data collection, electronic record maintenance, and data analysis to enable fast and accurate healthcare treatments. For example, products such as fitness bands, smartglass wearables like google glass, NFCŠ Infinium Global Research
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
enabled medical ID bracelet, medical jewelry are enabling transmission of vital medical data form patient’s location to the medical staff in real time. Gradually, internet of things startups are finding new applications within healthcare and leveraging connected sensors to better diagnose, monitor, and manage patients and treatment. Many companies are focused on clinical-grade wearables to more robustly track patient data, while others see opportunity for sensor networks within hospitals and practices to optimize healthcare delivery and monitor patient adherence. Lack of government and regulatory body’s support, safety of patients, privacy issues, design encounters, and huge amount of patient’s data, which is a big challenge for hospital IT to manage, are some of the key restraining factors that could hinder the market growth. The leading players in the global internet of things in the healthcare sector market include Cisco Systems, Medtronic, IBM Corporation, GE Healthcare, Microsoft Corporation, Honeywell Life Care Solutions, Koninklijke Philips N.V., andApple Inc. GLOBAL INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET, 2015 – 2023 (USD MILLION)
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Internet of things in the healthcare sector market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow at a higher rate due to the efficient remote health monitoring, reduction of patient’s hospital stay, © Infinium Global Research
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
increasing number of applications, advanced disease management systems, improvement in patient monitoring and better patient outcomes. The global market size of internet of things in the healthcare sector in terms of value was USD x.xbillion in 2016. GLOBAL INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023)
xxx.x xxx.x
2017
2023
xxx.x
xxx.x xxx.x
xxx.x
2017
2023
2017
2023
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023. © Infinium Global Research
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
MARKET OVERVIEW & COMPETITIVENESS DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global internet of things in the healthcare sector market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the internet of things in the healthcare sector market. Drivers refer to the factors that are expected to drive or boost the market size or demand for internet of things in the healthcare sector. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of internet of things in the healthcare sector market both in short run and long run. DRIVERS OF INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
LOW
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESTRAINTS OF INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
Restraint 1
Restraint 2
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size © Infinium Global Research
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
High North America
Europe
Asia-Pacific
RoW
GLOBAL INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET BY COMPONENT, 2016 - 2023 (REVENUE % SHARE) 2016
2023
Medical Devices
Software Systems
Services
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET BY COMPONENT, 2015 - 2023 (USD MILLION)
2015
2016 Medical Devices
2017 Software Systems
2023
Services
GLOBALMEDICAL DEVICES MARKET BY REGION, 2015 - 2023 (USD MILLION)
2015
2016 North America
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2017 Europe
Asia-Pacific
2023
RoW
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBALSOFTWARE SYSTEMS MARKET BY REGION, 2015 - 2023 (USD MILLION)
2015
2016 North America
2017 Europe
Asia-Pacific
2023
RoW
GLOBALSERVICESMARKET BY REGION, 2015 - 2023 (USD MILLION)
2015
2016 North America
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2017 Europe
Asia-Pacific
2023
RoW
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)
GLOBAL INTERNET OF THINGS IN THE HEALTHCARE SECTOR MARKET MARKET BY REGION, 2015 - 2023 (USD MILLION)
2015
2016 North America
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2017 Europe
Asia-Pacific
2023
RoW
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Internet of Things (IoT) in the Healthcare Sector Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Company Profiling Cisco Systems
Cisco Systems, Inc. CONTACT DETAILS: Address: 170 West Tasman Dr. San Jose, CA 95134 USA Tele: 408-526-4000 Website: www.cisco.com
KEY FEATURES: No. of Employees: more than xx No. of countries of operation: xx
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/internet-thingsiot-healthcare-sector-market
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