IoT in Healthcare Market Is Expected To Exhibit Significant Growth Over 2030

The global internet-of-things (IoT) in healthcare market is anticipated to grow at a considerable CAGR of 24.3% during the forecast period. The key factor contributing to the market growth includes the increasing digitization of health data. Along with the rapidly rising usage of technologies such as IoT in delivery of healthcare is another factor propelling the market growth. The COVID-19 pandemic has been a pivot for exponential growth of IoT in healthcare. Thus, these aforementioned factors forced the market players to launch new products in the market to cater the market demand and stay competitive. 

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•           In December 2022, Palo Alto Networks, Inc., launched medical IoT security which is comprehensive zero trust security solution for medical devices enabling healthcare organizations to deploy and manage new connected technologies quickly and securely. Zero Trust is a strategic approach to cybersecurity that secures an organization by eliminating implicit trust by continuously verifying every user and device. 

•           In March 2023, Securitas Healthcare, LLC, a provider of visibility and analytics solutions for the healthcare industry, launched the new cloud-based solution for monitoring conditions in the environment of care. The Securitas Healthcare AeroScout® Links IoT platform integrated smart sensors over a cloud-based network to enable small hospitals, outpatient service providers, pharmacies and other organizations to easily monitor cold storage and other aspects of their operations that must be maintained at specific conditions for safe patient care.

•           In January 2021, Ivanti, the automation platform that helps make every IT connection smarter and more secure, released the Ivanti Neurons™ for Healthcare, which enhanced visibility into medical IoT devices and enabled security teams to proactively detect and remediate vulnerabilities. Ivanti Neurons integrated with MobileIron Cloud, providing a single pane of glass for enterprises to self-heal and self-secure devices, and self-service end users. Additionally, with a new application service mapping add-on for Ivanti Neurons for Discovery, IT teams’ profile and mitigate risks associated with changes and achieve faster recovery from unexpected downtime. 

Market Coverage

•           The market number available for – 2022-2030

•           Base year- 2022

•           Forecast period- 2023-2030

•           Segment Covered- 

o          By Component

o          By Application 

o          By End-User

•           Regions Covered-

o          North America

o          Europe

o          Asia-Pacific

o          Rest of the World

•           Competitive Landscape- including Amazon Web Services, Inc., Cisco Systems Inc., Honeywell Life Care Solutions, Microsoft Corp., Medtronic Plc, SAP SE and among others. 

Key questions addressed by the report

•           What is the market growth rate?

•           Which segment and region dominate the market in the base year?

•           Which segment and region will project the fastest growth in the market?

•           Who is the leader in the market?

•           How players are addressing challenges to sustain growth?

•           Where is the investment opportunity?

Global IoT in Healthcare Market Report Segment

By Component

• Medical Devices
• Software And Solutions
• Services 

By Application

• Inpatient Monitoring
• Telemedicine
• Connected Imaging
• Drug Development

By End-User

• Healthcare Providers
• Research Laboratories

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Global IoT in Healthcare Market Report Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Alphabet Inc. 
• Apple Inc.
• Backbone Labs, Inc.
• Cerner Corp.,
• GE HealthCare Technologies Inc. 
• GENERAL ELECTRIC
• IBM Corp.
• Infosys Ltd
• Intel corp.,
• Keriton
• Koninklijke Philips N.V., 
• Medtronic Plc
• Naya Health
• QUALCOMM Incorporated

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