This Internet-of-Medical-Things (IoMT) Market report makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. By understanding client’s requirements precisely and following them firmly, this market research report has been structured. This report studies market attributes, industry structure, and competitive scenario, the problems, desire concepts, together with business strategies, market effectiveness, investment research and new business challenges. In the market report, the complete and crystal clear outline of the market is penned down which is useful for many businesses.
Besides, the industry report gives insights into revenue growth and sustainability initiative. With this report not only an unskilled individual but also a professional can easily extrapolate the entire market within a few seconds. This business report provides key statistics on the market status of global and regional manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The info covered helps businesses know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products.
Global Internet-of-Medical-Things (IoMT) market is expected to register a CAGR of 38.67% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the efficiency of resources and available infrastructure due to the usage of IoMT.
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Key Market Competitors:
Few of the major competitors currently working in the global Internet-of-Medical-Things (IoMT) market are LifeFuels Inc.; GENERAL ELECTRIC COMPANY; CARRE TECHNOLOGIES INC.; Breathometer Inc.; Medtronic; Meru Health, Inc.; Boston Scientific Corporation; Atlas Wearables, Inc.; Proteus Digital Health; NeuroMetrix, Inc.; Honeywell International Inc.; VitalConnect; Ekso Bionics; BL Healthcare, Inc; BioSerenity; Preventice Solutions, Inc.; Lenovo; Vitls Inc.; AliveCor, Inc. and Chrono Therapeutics Inc.
CompetitiveAnalysis:
Global Internet-of-Medical-Things (IoMT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Internet-of-Medical-Things (IoMT) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Internet-of-Medical-Things (IoMT) Market By Product Type (Smart Wearable Devices, Home-Use Medical Devices, Point-Of-Care Kits), Services (On-Premise Based Services, Cloud-Based Services) Application (Real -Time Monitoring, End-to-End Connectivity, Data Assortment & Analysis, Tracking & Alerts, Remote Medical Assistance), End-User (Hospitals & Clinics, Research Institutes & Academics, Homecare) , Geography (North America, South America, Europe , Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Definition: Global Internet-of-Medical-Things (IoMT) Market
Internet-of-Medical-Things (IoMT) is a specific category of applications of the Internet of Things for healthcare services. This technology enables the interconnectivity of medical devices over a common network which results in exchange of valuable patient information helping in better delivery of healthcare services. IoMT involves designing of specified health solutions depending on the data collected through wearable medical devices.
Market Drivers
- Increasing adoption of wearable devices and real-time healthcare service provision with the adoption of IoMT; this factor is expected to drive the market growth
- Cutback on expenditure incurred by patients due to a reduction of visitation to the physician, as IoMT helps in continuous monitoring of health in individuals
Market Restrictions
- Concerns regarding privacy of data amid growing levels of hacking and unauthorized access; this factor is expected to restrain the market growth
- Concerns associated with the lack of infrastructure and requirement of skilled professionals; this factor is expected to restrain the growth of the market
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Segmentation: Global Internet-of-Medical-Things (IoMT) Market
By Product Type
- Smart Wearable Devices
- Home-Use Medical Devices
- Point Of Care Kits
ByServices
- On-Premise Based Services
- Cloud-Based Services
ByApplication
- Real Time Monitoring
- End-to-End Connectivity
- Data Assortment & Analysis
- Tracking & Alerts
- Remote Medical Assistance
By End-User
- Hospitals & Clinics
- Research Institutes & Academics
- home care
Key Developments in the Market:
- In January 2019, Proteus Digital Health in partnership with Fairview Health Services and University of Minnesota Health announced the launch of digital oncology medicines for cancer patients significantly helping in improving the outcomes of treatment. This digital technology helps the patients in completing their oral chemotherapy course and provides physician’s with patient information.
- In March 2017, GENERAL ELECTRIC COMPANY announced that they had acquired Monica Healthcare, expanding their Maternal-Infant Care business division. This acquisition will help in innovations and enhanced product offerings for expecting mothers and babies globally. Monica Healthcare is focused on improving the birth experience for mothers by involving the use of wireless fetal monitoring devices.
Table of Contents:
- Introduction
- market segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Delivery
- Industry Type
- geography
- Overview
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Reasons to Purchase this Report
- Current and future of global Internet-of-Medical-Things (IoMT) market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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