The global Internet of Things (IoT) in healthcare market was valued at US$38 billion in 2017 and is expected to reach US$270 billion by 2026, growing at a CAGR of 27.78% during the forecast period. The market is driven by technological advancements, rising chronic disease prevalence, and opportunities for low-cost disease management. However, data privacy and security concerns along with lack of consumer awareness in developing regions may restrain the market. IoT provides benefits like improved care quality and reduced costs. Key players in the market include Koninklijke Philips, IBM, GE Healthcare, and Medtronic.

1. Global Internet of Things (IoT) in Healthcare Market was valued US$ 38 Bn in 2017, and expected to
reach US$ 270 Bn by 2026, at CAGR of 27.78% during forecast period.
Global Healthcare IoT Market
Global Internet of Things (IoT) in Healthcare Market is driven by technological advancements, increasing
demand for low-cost disease management and treatment, the rising prevalence of chronic diseases,
collaboration among companies accompanied by opportunities like development low-power wide-area
networks (LPWANs) and changing mentality among consumers. However, Data privacy and security and
lack of awareness among consumers in developing regions might impede the market growth.
Healthcare IoT provides several benefits such as improved user experience, improved quality of care,
reduced cost of care, disease management in real time and improved patient outcome. IoT is one of the
prominent technologies that have the potential to improve health care system. The significant reason
behind integrating IOT features in medical devices is to enhance the quality and service of care for
patients with chronic conditions.
Furthermore, the availability of customer-friendly devices, increase in need for stringent regulations,
and the decrease in the price of sensor technology are some factors that are also expected to fuel the
growth of the IoT healthcare market size. However, factors such as high costs associated with IoT
infrastructure development, data privacy, and security issues, lack of awareness among the public in
developing regions, and
limited technical knowledge are likely to impede the market growth. Various factors, such as
improvement in healthcare infrastructure in developing countries, government initiatives to support IoT
platform, and high research and development spending, are expected to boost the growth of the
market. The global internet of things (IoT) healthcare market is expected to register considerable growth
during the forecast period, attributed to technological advancements, rising incidence rates of chronic
diseases, growing demand for cost-effective treatment and disease management, better accessibility of

2. high-speed internet, implementation of favourable government regulatory policies, and collaboration of
top IT companies with healthcare majors.
As the number of connected devices increases IT systems will need to determine how to handle the data
load securely. In order for the IoT to truly be transformative, healthcare organizations will need to figure
out how to turn all the data it collects into insights that can inform action. While the momentum of this
transformation is increasing, it will require hospital administrators, manufacturers and vendors to work
together to drive healthcare’s cultural metamorphosis.
Key players operated in market includes Koninklijke Philips N.V., IBM Corporation, Stanley Healthcare,
GE Healthcare (General Electric Company), Cisco Systems, Inc., Qualcomm Life, Inc, Proteus Digital
Health, Honeywell International Inc., SAP S.E., Medtronic plc.
For more information visit https://www.maximizemarketresearch.com/market-report/global-internet-
of-things-in-healthcare-market/17462/
Scope of Global Internet of Things (IoT) in Healthcare Market:
Global Internet of Things (IoT) in Healthcare Market by Type:
• Wearable External Devices
• Implantable Devices
• Stationary Devices
• Sensors & Smart Devices
• Biosensors
• Patient Health Portals
• Machine Learning Applications
Global Internet of Things (IoT) in Healthcare Market by Application:
• Patient Monitoring
• Electronic Health Record Management Systems
• Telemedicine
• Medication Management
• Clinical Workflow management
• Others

3. Global Internet of Things (IoT) in Healthcare Market by Component:
• Hardware
• Software
• Services
Global Internet of Things (IoT) in Healthcare Market by Industry:
• Hospitals
• Pharmaceuticals
• Home
• Biotechnology
• Others
Global Internet of Things (IoT) in Healthcare Market by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players Operated in Global Internet of Things (IoT) in Healthcare Market:
• Koninklijke Philips N.V.
• IBM Corporation
• Stanley Healthcare
• GE Healthcare (General Electric Company)
• Cisco Systems, Inc.
• Qualcomm Life, Inc.
• Proteus Digital Health
• Honeywell International Inc.

4. • SAP S.E.
• Medtronic plc.
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