Medtronic and SAP SE Are Dominating the Market for Global Internet of Things (IOT) Healthcare Market in 2016

Global Internet Of Things (IOT) Healthcare Market is expected to reach USD 371,441.20 million by 2024 from USD 33,520.00 million in 2016, at a CAGR of 35.2% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Medical devices market with highest market share  has the largest market segment in non-destructive testing equipment market.

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The global internet of things (IOT) healthcare market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Medtronic dominates internet of things (IOT) healthcare market, accounting for the highest market share in 2016, followed by SAP SE and Koninklijke Philips N.V. Other players in this market include CISCO Systems Inc., IBM Corporation , GE Healthcare, Microsoft, Qualcomm Life, Inc., Honeywell Life Care Solutions, Diabetizer Gmbh & Co. Kg, Proteus Digital Health, Adheretech Inc.  and Apple Inc. among others holds 19.3% of the global internet of things (IOT) healthcare market in 2016.

Medtronic:

Founded in 1949 and headquartered in Dublin, Ireland. Medtronic is the world’s largest standalone medical technology development and a global healthcare solution company. The company operates in cardiac and vascular group, minimally invasive therapies group, restorative therapies and diabetes group.

SAP SE:

Founded in 1972 and headquartered Walldorf, Germany, operates enterprise application database and software company. It serves different lines of business which includes finance, marketing, research, asset management, human resources, supply chain, manufacturing, energy and natural resources and many more. It offers computing platform such as SAP HANA and SAP S/4HANA, dataware house software such as SAP BW/4HANA, software as a service solution named as SAP S/4HANA cloud.

Recent Developments:

On July, 2017, SAP launched IOT solutions and showcase the latest technology including IOT along with the SAP cloud platform.

Koninklijke Philips N.V.:

Founded in 1891 and headquartered in Amsterdam, Netherlands. Koninklijke Philips N.V. provides the innovative solution at lower cost. The company operates in personal health, diagnosis & treatment, connected care & health informatics, lighting and legacy items business segments.  It offers healthcare IT, visualization and clinical information related to cardiology, and neurology, radiology, electronic medical record system and communication system.

Recent Developments:

  1. On January, 2017, Philips made cloud based innovation related to the digital health at CES.