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Global IoT Market in the Healthcare Sector to Post a Massive CAGR of Over 36% During the Period 2016-2020, Reports TechnavioAccording to the latest market study released by Technavio, the global internet of things (IoT) market in the healthcare sector is expected to grow at a remarkable CAGR of more than 36% during the forecast period. This research report titled 'Global Internet of Things Market in the Healthcare Sector 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. Request sample report: http://goo.gl/aVj15w Based on product, the report categorizes the global IoT market in the healthcare sector into three segments. They are:
Global IoT market in the healthcare sector for medical devices "IoT-enabled healthcare devices such as wearable and home health monitoring devices are interactive and informative, thus helping patients in their ongoing diagnosis and treatment. These devices transmit vital medical data of patients from home to hospital staffs for real-time monitoring," says Amit Sharma, a lead analyst at Technavio for research on IT professional services. In 2015, the medical devices segment accounted for more than half of the global IoT market in the healthcare sector. The segment's growth is driven by the use of wearable devices and rise in instances of chronic illness. These devices are designed to send immediate alerts irrespective of locations. Also, they allow patients to speak directly with an expert. Fitness bands are connected through IoT and enable taking vital data of the patient's body to transmit wirelessly to smartphones and PCs. They allow flexible patient monitoring for hospitals. In 2015, the US was the largest contributor to the segment's growt due to the country's initiatives to promote IoT-enabled healthcare medical devices. Global IoT market in the healthcare sector for software and system applications With technological advances, digitization evolved in the healthcare sector, which has led to the generation of huge volumes of data among healthcare organizations. As a result, the need to manage these huge volumes of data, most of which are unstructured, has fueled the demand for analytics. Through the use of analytics, healthcare organizations can derive valuable insights from their database to boost their business productivity. Some healthcare organizations have their in-house analytics team. Most healthcare providers outsource their data analysis requirements to third parties to get analytical support. This helps them provide better diagnosis services to patients. Digitally "Companies now offer solutions through cloud-based platforms that enable wireless storage, transfer, and display of clinical data. This platform also ensures interoperability of these systems with a variety of medical devices and apps," says Amit. Global IoT market in the healthcare sector for connecting technologies Connecting technologies are the most important aspect of IoT-enabled services as they ensure an effective communication among users and medical devices. Medical IoT has improved the quality of patient care through more efficient communications. Using secure networks and mobile applications, doctors can access patient information, modify, and sync the same into real-time information across all other connected mediums. Patient records are essential for mission critical situations where both time and accuracy of data are crucial. With these connecting technologies, nurses and staffs can achieve high degree of mobility and communication efficiency. The staff in the healthcare sector are connected and informed using technologies such as Bluetooth low energy (BLE), near field communication (NFC), Wi-Fi, and radio-frequency identification (RFID). In 2015, the Wi-Fi technology segment led the global IoT market in the healthcare sector. The growth is driven by the wide-scale use of Wi-Fi across several medical departments and Wi-Fi-enabled devices. Wi-Fi provides secure connection with software-defined networking by scanning and securing devices at network entry point. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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