Global Internet-of-Medical-Things (IoMT) Market, By Product Type (Smart Wearable Devices, Home-Use Medical Devices, and Point-Of-Care Kits), Component (Medical Devices, System and Software, Services and Connected Technology), System and Software (Remote Device Management, Network Bandwidth Management, Data Analytics, Application Security, Network Security), Services (On-Premise Based Services and Cloud-Based Services), Application (Real-Time Monitoring, End-to-End Connectivity, Data Assortment and Analysis, Tracking and Alerts, and Remote Medical Assistance), End-user (Hospitals and Clinics, Research Institutes & Academics, and Homecare), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The internet of medical things (IoMT) market is expected to witness market growth at a rate of 24.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on internet of medical things (IoMT) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Internet of medical things (IoMT) is a combined infrastructure of medical devices, software applications, and health systems and services, which is swiftly transforming the medical technology’s role within the health care. Internet of medical things is aiding the health care organizations to streamline their clinical, workflow management and expand their patient care from remote locations.
Important factors that are expected to boost the growth of the internet of medical things (IoMT) market in the forecast period are the rise in the demand for real-time healthcare solutions and increasing adoption of wearable devices and the patients can be easily and efficiently examined through a connected device which reduces the consultation cost of any medical experts. However, the absence of infrastructure facilities and trained specialists in the hospital and medical sectors are further anticipated to impede the growth of the internet of medical things (IoMT) market in the timeline period. Additionally, the rise in the demand for connected devices in the healthcare sector will further provide growth opportunities for the internet of medical things (IoMT) market in the near future.
This internet of medical things (IoMT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of medical things (IoMT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Internet of Medical Things (IoMT) Market Scope and Market Size
The internet of medical things (IoMT) market is segmented on the basis of product types, component, services, system and software, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the internet of medical things (IoMT) market is segmented into smart wearable devices, home-use medical devices, and point-of-care kits.
- Based on the component, the internet of medical things (IoMT) market is segmented into medical devices, system and software, services and connected technology.
- Based on the services, the internet of medical things (IoMT) market is segmented into on-premises based services and cloud-based services
- Based on the system and software, the internet of medical things (IoMT) market is segmented into remote device management, network bandwidth management, data analytics, application security, network security.
- Based on the application, the internet of medical things (IoMT) market is segmented into real-time monitoring, end-to-end connectivity, data assortment and analysis, tracking and alerts, and remote medical assistance.
- Based on the end user, the internet of medical things (IoMT) market is segmented into hospitals and clinics, research institutes and academics, and homecare.
Internet of Medical Things (IoMT) Market Country Level Analysis
The internet of medical things (IoMT) market is analysed and market size, volume information is provided by country, product types, component, services, system and software, application and end user as referenced above.
The countries covered in the internet of medical things (IoMT) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the internet of medical things (IoMT) market because of the swift progress in technical development, well-established healthcare and IT infrastructure. Furthermore, the rise in the alertness and the high approval rate of such technologies will further boost the growth of the internet of medical things (IoMT) market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth on the internet of medical things (IoMT) market because of the increasing awareness, changing of lifestyle, and improvising diagnostic facilities. Moreover, changing of the government guidelines, the increasing of the geriatric population and extensive accessibility of IoMT devices is further anticipated to propel the growth of the internet of medical things (IoMT) market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Medical Things (IoMT) Market Share Analysis
The internet of medical things (IoMT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to internet of medical things (IoMT) market.
The major players covered in the internet of medical things (IoMT) market report are Honeywell International, Inc., Apple, Inc., Cisco Systems, Inc., General Electric Company, Google, IBM, Koninklijke Philips N.V., Medtronic, Microsoft Corporation, SAP, AdhereTech., AliveCor, Inc., BioSerenity, Carré Technologies, Inc.CenTrak, Chrono Therapeutics Inc., Cue Health Inc., EarlySense, Evermind, Inc., EyeNetra Inc., GlucoVista, InfoBionic, iRhythm Technologies, Inc., NeuroSky, Neurovigil, Inc., Owlet Baby Care, Qardio, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Internet of Medical Things (IoMT) Market
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