Europe Internet of Things (IOT) Healthcare Market, By Component (Medical Devices, Systems And Software, Services), Application (Clinical Operations and Workflow Management, Patient Monitoring, Clinical Imaging, Drug Development, Fitness and Wellness Measurement), Connectivity Technology (Wi-Fi, Bluetooth Low Energy, Zigbee, Near Field Communication (NFC), Cellular, Satellite), End User (Healthcare Providers, Patients, Healthcare Payers, Research Laboratories, Government Authority), Country (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Internet of Things (IOT) Healthcare Market
Europe internet of things (IOT) healthcare market is expected to reach USD 1977.77 million by 2027 witnessing market growth at a rate of 26.5% in the forecast period of 2020 to 2027.
Internet of things (IOT) is defined as devices connected for exchanging information such as patient outcomes which eases the work of healthcare practitioners and helps in remote monitoring and improving efficiency in treatment of patient.
Rapid technological advancement and increasing chronic diseases patient due to changing lifestyle are key factors driving market growth whereas favourable regulatory policies for digitalization in healthcare with rise in acceptance cost effective IOT solutions and rising demand for effective disease management will fuel market growth.
In addition government support for initiating IOT platforms and initiative for improvement in healthcare infrastructure will create lucrative opportunities for market. However lack of skilled professionals, and high installation cost are restraining factors for market whereas rising risk of data breach is challenging factor market.
This Europe internet of things (IOT) healthcare 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 Data Bridge Market Research Europe internet of things (IOT) healthcare market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Internet Of Things (IOT) Healthcare Market Scope and Market Size
Europe internet of things (IOT) healthcare market is segmented on the basis of component, application, connectivity technology 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.
- Europe internet of things (IOT) healthcare market on the basis of component has been segmented as devices, system and software, and services. Devices are further segmented into implanted sensor devices, wearable sensor devices, and others.
- Based on application, Europe internet of things (IOT) healthcare market has been segmented into patient monitoring, clinical operation and workflow optimization, clinical imaging, fitness and wellness measurement, and drug development.
- On the basis of connectivity technology, market has been segmented into wi-fi, bluetooth low energy, zigbee, near field communication (NFC), cellular, and satellite.
- Europe internet of things (IOT) healthcare market has also been segmented on the basis of end user into healthcare providers, patients, healthcare payers, research laboratories, and government authority.
Europe Internet Of Things (IOT) Healthcare Market Country Level Analysis
Europe internet of things (IOT) healthcare market is analysed and market size, volume information is provided by country, component, connectivity technology, application and end user as referenced above.
The countries covered in the market report are Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe.
Germany and the U.K. are anticipated to register significant market growth due to presence of key players in region and increasing patients of chronic diseases COPD, respiratory diseases, genetic disorders or others. Moreover increasing demand for better patient monitoring for effective results and acceptance IOT platforms for better healthcare infrastructure will boost region market share whereas increasing government and private companies toward R&D projects will fuel market growth.
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 Europe Internet Of Things (IOT) Healthcare Market Share Analysis
Europe internet of things (IOT) healthcare 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 Europe internet of things (IOT) healthcare market.
The major players covered in the Europe internet of things (IOT) healthcare market report are Koninklijke Philips NV, SAP SE, CISCO Systems Inc, IBM Corporation, Apple Inc., Medtronic, Proteus Digital Health, Qualcomm Technologies, Inc., Resideo Technologies, Inc., Robert Bosch GmbH, Oracle, Telit, Siemens, Intel, Welch Allyn, GENERAL ELECTRIC COMPANY, Microsoft, Capsule Technologies Inc., Diabetizer GmbH, Proteus Digital Health, Inc., Adheretech and Honeywell International Inc. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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