IoT in Healthcare Market Size to Worth USD 241.3 billion by 2030 With a 14% CAGR by Exactitude Consultancy

IoT in Healthcare Market include Medtronic (Ireland), Cisco Systems (US), IBM Corporation (US), GE Healthcare (US)

LUTON, BEDFORDSHIRE, UNITED KINGDOM, September 3, 2024 /EINPresswire.com/ -- The phrase  IoT in Healthcare describes a network of physical devices that uses connectivity to share data. IoT is also utilized in the healthcare industry for data collection, analysis, research, and monitoring of electronic health records, which contain machine-generated healthcare data as well as personally identifiable information and protected health information. Moreover, Internet of Things (IoT) applications in healthcare reduce the workload of medical practitioners and enable vital tasks like better patient outcomes. Thanks to Internet of Things (IoT)-enabled devices, the healthcare sector can now remotely monitor patients, which has huge potential to keep patients safe and well.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐈𝐨𝐓 𝐢𝐧 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟏𝟒% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟐𝟒𝟏.𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟕𝟒.𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

https://exactitudeconsultancy.com/reports/2222/iot-in-healthcare-market/#request-a-sample

𝐓𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

Medtronic (Ireland), Cisco Systems (US), IBM Corporation (US), GE Healthcare (US), Resideo Technologies (US), Agamatrix (US), Armis (US), Bosch (Germany), Capsule Technologies (US), Comarch SA (Poland),  HQSoftware (Estonia),  Huawei (China), Intel (US), KORE Wireless (US), , Microsoft Corporation (US), Oracle (US), OSP Labs (US), Oxagile (US),  PTC (US), , Royal Philips (Netherlands), R-Style Labs (US), SAP SE (Germany), Sciencesoft  (US), Siemens (Germany), Softweb Solutions (US), STANLEY Healthcare (US), Telit (UK), and Welch Allyn (US).

Recent Developments

𝐈𝐧 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟐, GE Healthcare launched Allia platform, which was designed for minimally invasive image-guided surgery. The platform was designed through a multiyear collaboration with surgeons and interventionists. Allia was designed with the purpose of improving workflow efficiency, enhancing user experience, and increasing the adoption of image guidance in daily practice.

𝐈𝐧 𝐌𝐚𝐲 𝟐𝟎𝟐𝟑, SAP SE collaborated with Accenture. The aim behind the collaboration was to work collaboratively on several AI-based projects and extend product portfolios.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐫𝐞𝐩𝐨𝐫𝐭

https://exactitudeconsultancy.com/reports/2222/iot-in-healthcare-market/

𝐈𝐨𝐓 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Advanced communication choices have improved the transmission and sharing of sensor data, including Bluetooth, Wi-Fi, and cellular networks. Improved connectivity makes it possible for sensors to transmit data in real time to tablets, cellphones, or the systems of healthcare providers, facilitating quick analysis and action. Using the Dexcom G6 Continuous Glucose Monitoring (CGM) system, for example, users and healthcare providers can get real-time glucose readings and trend information via wireless transmission of glucose data to compatible smart devices. This smooth communication allows healthcare experts to provide prompt advice and assistance while empowering people to make educated decisions about controlling their diabetes.

𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐈𝐨𝐓 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬

𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Due to the extensive usage of medical equipment brought about by the increasing need for efficient and reasonably priced healthcare service delivery methods, the medical devices segment had a dominant position in the market. Schneider Electric, for example, introduced "EcoStruxure," an Internet of Things-based healthcare solution. Medical equipment with IoT sensors incorporated allows clinicians to monitor and receive real-time health data. Furthermore, the growing demand for wearables and other self-monitoring devices is expected to drive a need for linked medical equipment in the healthcare sector.

𝐁𝐲 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

With the biggest Internet of Things (IoT) market share in the healthcare industry, the cellular connectivity technology category is expected to hold its position during the course of the projection period. Huge cellular networks are used by cellular technology to transfer massive volumes of data over long distances. Since they enable data gathering and distribution in real-time to medical specialists, these are used for remote patient monitoring in the healthcare industry. As a result, it is used as a speedier, safer, and more practical solution for monitoring and remote connectivity. The mobility, adaptability, and use of medical equipment are all improved by technology integration.

𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The largest Internet of Things revenue share in the healthcare market belonged to the hospitals, surgical centers, and clinics segment. Hospitals can increase their operational and functional efficiency with the use of IoT technologies. By helping hospitals manage drug compliance, hospital procedures, medical records, billing, and real-time communication, these technologies improve overall operational effectiveness in hospitals. Better disease management, treatment outcomes, and patient experiences are all made possible by IoT technologies, and these factors all improve the quality of care that patients receive.

𝐈𝐎𝐓 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬

Growing use of IoT in healthcare facilities as a result of a rise in patient volume and advancements in technology, including embedded systems, wireless connectivity, and other technologies in medical equipment. The development of software, its upgrading, and the transfer of data via wireless connectivity between machines are critical to the process's ongoing progression.

An increase in online transactions coupled with a rise in data security risks, data breaches, and data leaks present a difficult barrier to the market rate's expansion and growth. The difficult task for expansion is the rising cost of medical devices in the health industry with enhanced technologies. The expense of the medical instruments is beyond the means of many residents.

𝐈𝐨𝐓 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜

In terms of the total Internet of Things (IoT) market share in the healthcare industry in 2024, Asia Pacific commanded the largest share. In the upcoming years, it is anticipated that the same region will expand at the greatest CAGR. In order to meet the needs of their diverse populations, the governments of China, India, South Korea, and other nations prioritize eHealth solutions. The Chinese government is implementing telemedicine and digital healthcare to offer assistance in remote and rural areas, according to the 2024 report. Over the projection period, India is anticipated to exhibit a high growth rate. India has enormous prospects in the healthcare sector thanks to its quickly expanding population and the government's substantial digital investments.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

After Asia Pacific, North America is projected to hold a sizable market share. The internet of things is one of the cutting-edge technologies that has been remarkably adopted by North American companies, fueling the market's growth potential. Due to the significant growth of the healthcare sector, the United States is expected to dominate the world in market revenue. The need for wearable and remote patient monitoring services in the nation is probably going to increase due to changing lifestyles and an increased emphasis on health management. Europe is probably going to grow a lot during the projection period. IoT is being quickly adopted by European nations including the UK and France in the healthcare sector.

𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬

𝐒𝐦𝐚𝐫𝐭 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭

The global Smart Camera Market size is projected to grow from USD 6.51 billion in 2023 to USD 12.53 billion by 2030, exhibiting a CAGR of 9.8% during the forecast period.

https://exactitudeconsultancy.com/reports/36082/smart-camera-market/

𝐈𝐏𝐚𝐚𝐒 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global IPaaS Software market is anticipated to grow from USD 6.25 Billion in 2023 to USD 39.22 Billion by 2030, at a CAGR of 30 % during the forecast period.

https://exactitudeconsultancy.com/reports/35058/ipaas-software-market/

𝐒𝐞𝐫𝐢𝐨𝐮𝐬 𝐆𝐚𝐦𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The serious games market is expected to grow at 20.13% CAGR from 2024 to 2030. It is expected to reach above USD 38.43 Billion by 2030 from USD 10.63 Billion in 2023.

https://exactitudeconsultancy.com/reports/30811/serious-games-market/

𝐏𝐡𝐨𝐭𝐨𝐜𝐚𝐭𝐚𝐥𝐲𝐬𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global photocatalysts market is anticipated to grow from USD 2.24 Billion in 2022 to USD 4.7 Billion by 2030, at a CAGR of 9.68% during the forecast period.

https://exactitudeconsultancy.com/reports/34450/photocatalysts-market/

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐬𝐞𝐥𝐟-𝐩𝐚𝐜𝐞𝐝 𝐨𝐧𝐥𝐢𝐧𝐞 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The global digital self-paced online education market is anticipated to grow from USD 32.69 Billion in 2023 to USD 166.45 Billion by 2030, at a CAGR of 26.18% during the forecast period.

https://exactitudeconsultancy.com/reports/34902/digital-self-paced-online-education-market

𝐔𝐧𝐢𝐯𝐞𝐫𝐬𝐚𝐥 𝐅𝐥𝐚𝐬𝐡 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 (𝐔𝐅𝐒) 𝐌𝐚𝐫𝐤𝐞𝐭

The global Universal Flash Storage (UFS) Market is anticipated to grow from USD 4.30 Billion in 2023 to USD 11.44 Billion by 2030, at a CAGR of 15 % during the forecast period.

https://exactitudeconsultancy.com/reports/39555/universal-flash-storage-ufs-market/

𝐄𝐬𝐩𝐨𝐫𝐭 _ 𝐒𝐩𝐨𝐫𝐭 𝐆𝐚𝐦𝐛𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global Esports and Sport Gambling Market is anticipated to grow from USD 63.70 Billion in 2023 to USD 140.82 Billion by 2030, at a CAGR of 12 % during the forecast period.

https://exactitudeconsultancy.com/reports/33855/esports-and-sport-gambling-market/

𝐌𝐢𝐜𝐫𝐨-𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

The micro-location technology market is expected to grow at 19.4% CAGR from 2024 to 2030. It is expected to reach above USD 82.79 billion by 2030.

https://exactitudeconsultancy.com/reports/21522/micro-location-technology-market/

𝐂𝐥𝐨𝐮𝐝 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐢𝐧 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The global cloud computing in education market is projected to reach USD 93.03 billion by 2030 from USD 17.63 billion in 2023, at a CAGR of 24.03% from 2024 to 2030.

https://exactitudeconsultancy.com/reports/15590/cloud-computing-market/

𝐁𝐥𝐮𝐞𝐭𝐨𝐨𝐭𝐡 𝐋𝐄𝐃 𝐁𝐮𝐥𝐛 𝐌𝐚𝐫𝐤𝐞𝐭

The global bluetooth LED bulb market is anticipated to grow from USD 1.58 Billion in 2023 to USD 2.99 Billion by 2030, at a CAGR of 9.56 % during the forecast period.

https://exactitudeconsultancy.com/reports/36673/bluetooth-led-bulb-market/

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

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