Global Internet of Medical Things (IoMT) Market is Growing with a CAGR of 23.0% in the Forecast Period of 2021 to 2028

Global Internet of Medical Things (IoMT) Market is growing with factors such growing focus on active patient engagement and patient-centric care delivery, rise in the demand for mobile health care technologies globally, rising concern and focus on patient safety.

Increase in demand for connected devices in the healthcare sector increases the usage of various IoMT systems & technological advancements have propelled the demand of the market. However, the high cost of IoMT systems is hindering the growth on the market.

Global Internet of Medical Things (IoMT) market Scenario         

According to Data Bridge Market Research, the market for global Internet of Medical Things (IoMT) in North America has the highest market share followed by Europe and Asia-Pacific.  Prospectus leader on the market of Internet of Medical Things (IoMT) are Honeywell International Inc. followed by Lenovo Healthcare Information Technology (Lenovo HIT), Hill-Rom Services, Inc., BIOTRONIK, BioSerenity.

  • In June 2021, Honeywell International Inc. introduced advanced monitoring and incident response (AMIR) service that helps to identify advanced monitoring in the operational technology for a rapid response. The solution provides a scalable, cost-effective, and easy-to-deploy cybersecurity service designed to assist IT and OT security teams.

Internet of Medical Things (IoMT) MarketTrends Impacting the Market

Now the questions who are the key vendors & niche leaders of the Internet of Medical Things (IoMT) market? Data Bridge Market Research has forecasted a large growth in Asia Pacific Internet of Medical Things (IoMT) market and the market leaders targeting China and Japan to be their next pocket revenue for 2021.

The Internet of Medical Things (IoMT) market is becoming more competitive with companies like Siemens Healthcare GmbH, General Electric, Carre Technologies Inc. (Hexoskin), Breathometer Inc., BIOTRONIK, Medtronic, Meru Health, Boston Scientific Corporation, Hill-Rom Services, Inc., Neurometrix, Inc., Honeywell International Inc., VitaConnect, EKso Bionics, BL Healthcare, Inc., BioSerenity, Koninklijke Philips N.V., Lenovo Healthcare Information Technology (Lenovo HIT), AliveCor, Inc., Health Care Originals among others. These are the top dominating companies in Internet of Medical Things (IoMT) market and have launched advanced services and solutions in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the Global Internet of Medical Things (IoMT) market.

Internet of Medical Things (IoMT) Market Developments

In June 2021, Medtronic announced a clinical trial for the STROKE AF trial determining the Reveal LINQ Insertable Cardiac Monitor (ICM) superiority to detect abnormal heartbeats, otherwise known as atrial fibrillation (AF). Medtronic offers the most comprehensive range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias, developed in collaboration with the world's leading clinicians, researchers, and scientists. The company strives to provide high-quality products and services that deliver clinical and economic value to healthcare consumers and providers..

  • In June 2020, Boston Scientific Corporation has announced the U.S. launch of the DIRECTSENSE Technology, a tool for monitoring the effect of radiofrequency (RF) energy delivery during cardiac ablation procedures. The DIRECTSENSE Technology provides data on the impedance around the catheter tip to measure the ability of the tissue to respond to RF energy before physicians deliver therapy. During ablation, the tool tracks the change in local impedance which, in conjunction with other measures, offers physicians a distinct understanding of tissue characteristics and how they are affecting that tissue. These insights may indicate temperature change in the tissue, helping to reduce the chances of over-ablation and avoid complications.
  • In March 2021, GE Digital added enhancement in CIMPLICITY and Tracker software that provide critical decision support for operators to make them more efficient. The high-performance automation platform provides CIMPLICITY HMI/SCADA provides client-server visualization to precisely monitor and control operations. The company enhanced the operational productivity and functionality of the HMI/SCADA.

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Key Pointers Covered in Surface Analysis Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Surface analysis market
  • Company profiling of top eight players of internet of medical things (IoMT)market

Key Market Competitors Covered in the Report

  • Siemens Healthcare GmbH
  • General Electric
  • Carre Technologies Inc. (Hexoskin)
  • Breathometer Inc.
  • Medtronic
  • Meru Health
  • Boston Scientific Corporation
  • Hill-Rom Services, Inc.
  • Neurometrix, Inc.
  • Honeywell International Inc.
  • VitaConnect
  • EKso Bionics
  • BL Healthcare, Inc.
  • BioSerenity
  • Koninklijke Philips N.V.
  • Lenovo Healthcare Information Technology (Lenovo HIT)
  • AliveCor, Inc.
  • Health Care Originals

Above are the key players covered in the report, to know about more and exhaustive list of internet of medical things (IoMT)companies.

Research Methodology: Global Internet of Medical Things (IoMT) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.

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