- 11 February 2019 22:50
Internet Of Things (IoT) In Healthcare Sparking Constant Innovation in Medical Field
Internet of Things is a network of everyday objects embedded with sensors, actuators, and connectivity which enables them to send and receive data. IoT technology has gained importance with wide scope of applications in various fields such as utilities, education, etc. Adoption of this advanced technology in healthcare sector is one of the fastest among other end-use industries. Rising standards of healthcare sector in developed as well as developing countries is expected to support growth of the target market.
The global Internet of Things (IoT) in Healthcare market is segmented on the basis of component, connectivity technology, application, end user, and region. On the basis of component, the global market is segmented into Medical Devices, System and software, and Services. The medical devices segment is further sub-segmented into wearable external devices, implanted medical devices, and stationary medical devices. The system and software segment is further sub-segmented into (remote device management, network bandwidth management, data analytics, application security, and network security). The services segment is further sub-segmented into system integration services, consulting, training, and education, and support and maintenance services).
On the basis of connectivity technology, the global market is segmented into Wi-Fi, Bluetooth Low Energy, ZigBee, NFC, Cellular, and Satellite. On the basis of application, the global market is segmented into telemedicine, medication management, clinical operations, inpatient monitoring, connected imaging, and others. On the basis of end user, the market is segmented into contract research organization (CRO), hospitals and clinics, research and diagnostic laboratories, and others. In 2017, the hospitals and clinics segment accounted for major share in the global market in terms of revenue.
The regions covered in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to dominate the global market in 2017. The market in Asia Pacific is expected to register highest CAGR over the forecast period.