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IoT Healthcare Market by Component (Medical Device, Systems & Software, Service, Connectivity Technology), Application (Telemedicine, Work Flow Management, Connected Imaging, Medication Management), End User, and Region - Global Forecast to 2022

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Date: 20-Apr-2017
No. of pages: 155
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“The IoT healthcare market is projected to grow at a CAGR of 30.8%from 2017 to 2022”

The IoT healthcare market is projected to grow from USD 41.22 billion in 2017 to USD 158.07 billion by 2022, at a CAGR of 30.8%  from 2017 to 2022. The healthcare sector relies heavily on IoT technology wherein device management and integration, information security, data collection, and data analytics can prove beneficial for healthcare organizations. Hospitals and clinical research organizations are focusing on the efficient management of medical equipment, patients, and employees. Hence, there is a huge demand for the integration of IoT healthcare solutions with other mainstream technologies, which is fueling the growth of the IoT healthcare market. However, lack of competence in deploying IoT healthcare solutions is restraining the growth of the IoT healthcare market.

“Based on component, the medical devices segment is estimated to account for the largest share of the IoT healthcare market in 2017”

Based on component, the medical devices segment is estimated to account for the largest share of the IoT healthcare market in 2017. Medical devices enable notifications and reminders to patients for the consumption of medicines, check blood pressure, and monitor health tracking activities. The medical devices segment is sub segmented into stationary medical devices, implanted medical devices, and wearable external medical devices. The growth of this segment can be primarily attributed to medical device providers offering cloud-based platforms that enable wireless transfer, storage, and display of clinical data. Hence, the medical devices segment is projected to grow at a high rate during the forecast period.

Based on application, the inpatient monitoring segment is projected to grow at a CAGR of 36.3% from 2017 to2022

The inpatient monitoring segment is projected to grow from USD 4.97 to USD 23.32 billion by 2022, at a CAGR of 36.3% from 2017 to 2022. Inpatient monitoring continuously observes and measures a patient’s physiological functions, helping in guiding management decisions and making therapeutic interventions. Inpatient monitoring generally includes all activities from patient admission to patient discharge, such as patient tracking and monitoring, medication administration, and diet and nutrition. Various vendors in the IoT healthcare market are providing inpatient monitoring, which can be deployed on-premises by the healthcare organization.

“North America accounted for the largest share of the IoT healthcare marketin2017”

The IoT healthcare market has been studied for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America. North America is expected to lead the IoT healthcare market in 2017. The rising adoption of smart phones and high technological awareness is a major factor that is expected to drive the IoT market in North America. The increasing demand for innovative IoT healthcare systems and software from various end users including hospitals, surgical centers, clinics, clinical research organizations, government and defense institutions, and research and diagnostic laboratories is expected to drive the IoT healthcare market in North America.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:


  • By Company Type: Tier 1:35%, Tier 2: 40%, and Tier 3:25%

  • By Designation: C-level:45%, Director level:35%, and Others:20%

  • By Region: North America:24%, Asia-Pacific: 50%, Europe:26%


Key vendors profiled in the report are as follows:


  • MEDTRONIC PLC (U.S)

  • ROYAL PHILIPS (The Netherlands)

  • CISCO SYSTEMS INC. (U.S)

  • IBM CORPORATION  (U.S.)

  • GE HEALTHCARE (U.S.)

  • MICROSOFT CORPORATION (U.S.)

  • SAP SE (Germany)

  • QUALCOMM LIFE, INC  (U.S.)

  • HONEYWELL LIFE CARE SOLUTIONS (U.S.)

  • STANLEY HEALTHCARE (U.S.)


Study Coverage:

This study provides a detailed segmentation of the IoT healthcare market on the basis of component, application, end user, and region. Based on component, the IoT healthcare market is segmented into medical devices, systems and software, service, and technology. Based on application, the IoT healthcare market has been segmented into telemedicine, clinical operations and workflow management, connected imaging, inpatient monitoring, medication management, and others (fall detection, sportsmen care, and public health safety). Based on end user, the IoT healthcare market has been segmented into hospitals, surgical centers, clinics, Clinical Research Organizations (CRO), government and defense institutions, and research and diagnostic laboratories. A geographic analysis has been carried out for North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in the following ways:


  • To define, describe, and forecast the IoT healthcare market on the basis of component, application, end user, and region

  • To provide detailed information regarding factors influencing the growth of the IoT healthcare market (drivers, restraints, opportunities, and industry-specific challenges)

  • To strategically analyze each sub market with respect to individual growth trends and contribution towards the overall market

  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders

  • To forecast the market size of segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East &Africa (MEA), and Latin America

  • To strategically profile key players and comprehensively analyze their core competencies

  • To track and analyze competitive developments such as mergers & acquisitions, and new product developments in the IoT healthcare market

IoT Healthcare Market by Component (Medical Device, Systems & Software, Service, Connectivity Technology), Application (Telemedicine, Work Flow Management, Connected Imaging, Medication Management), End User, and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions and Limitations
2.3.1 Assumptions
2.3.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the IoT Healthcare Market
4.2 IoT Healthcare Market, By Component
4.3 IoT Healthcare Market, By Application
4.4 IoT Healthcare Market, By End User
4.5 IoT Healthcare Market, By End User and Region
4.6 IoT Healthcare Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Implementation of IoT Solutions for Reduced Cost of Care
5.3.1.2 Evolution of Artificial Intelligence Technology
5.3.1.3 Rise in Investment for Healthcare IoT Solutions
5.3.1.4 Increasing Penetration of Connected Devices in Healthcare
5.3.2 Restraints
5.3.2.1 Lack of Competence in Deploying IoT Solutions
5.3.2.2 Lack of Governance Standards
5.3.3 Opportunities
5.3.3.1 Rising Adoption of Telepresence Technology
5.3.3.2 Growth Potential in Emerging Economies
5.3.4 Challenges
5.3.4.1 Increased Interoperability Risks Hospital Security

6 Industry Trends
6.1 Introduction
6.2 IoT Healthcare Ecosystem
6.3 Regulatory Implications
6.3.1 ISO Standards - ISO 27799:2008 & ISO/TR 27809: 2007
6.3.2 Health Insurance Portability and Accountability Act (HIPAA)
6.3.2.1 HIPAA Privacy Rule
6.3.2.2 HIPAA Security Rule
6.3.3 Health Information Technology for Economic and Clinical Health Act (HITECH)
6.3.4 CEN ISO/IEEE 11073
6.3.5 CEN/CENELEC
6.3.6 European Technical Standards Institute (ETSI)
6.4 Pest Analysis
6.4.1 Political Factors
6.4.2 Economic Factors
6.4.3 Social Factors
6.4.4 Technological Factors
6.5 Strategic Benchmarking

7 IoT Healthcare Market, By Component
7.1 Introduction
7.2 Medical Devices
7.2.1 Wearable External Medical Devices
7.2.2 Implanted Medical Devices
7.2.3 Stationary Medical Devices
7.3 Systems and Software
7.3.1 Remote Device Management
7.3.2 Network Bandwidth Management
7.3.3 Data Analytics
7.3.4 Application Security
7.3.5 Network Security
7.4 Services
7.4.1 System Integration Services
7.4.2 Professional Services
7.4.3 Support and Maintenance Services

8 IoT Healthcare Market, By Application
8.1 Introduction
8.2 Telemedicine
8.2.1 Store-and-Forward Telemedicine
8.2.2 Remote Patient Monitoring
8.2.3 Interactive Telemedicine
8.3 Clinical Operations and Workflow Management
8.4 Connected Imaging
8.5 Inpatient Monitoring
8.6 Medication Management
8.7 Others

9 IoT Healthcare Market, By Connectivity Technology
9.1 Introduction
9.2 Wi-Fi
9.3 Bluetooth Low Energy (BLE)
9.4 Zigbee
9.5 Near Field Communication (NFC)
9.6 Cellular
9.7 Satellite

10 IoT Healthcare Market, By End User
10.1 Introduction
10.2 Hospitals, Surgical Centers, and Clinics
10.3 Clinical Research Organization (CRO)
10.4 Government and Defense Institutions
10.5 Research and Diagnostics Laboratories

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific (APAC)
11.5 Middle East and Africa (MEA)
11.6 Latin America (LA)

12 Competitive Landscape (Vendor Dive)
12.1 Introduction
12.1.1 Vanguards
12.1.2 Innovator
12.1.3 Dynamic
12.1.4 Emerging
12.2 Competitive Benchmarking
12.2.1 Product Offering
12.2.2 Business Strategy

13 Company Profiles
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
13.1 Medtronic PLC
13.2 Royal Philips
13.3 Cisco Systems Inc.
13.4 IBM Corporation
13.5 GE Healthcare
13.6 Microsoft Corporation
13.7 SAP SE
13.8 Qualcomm Life, Inc.
13.9 Honeywell Life Care Solutions
13.10 Stanley Healthcare
13.11 Key Innovators
13.11.1 Diabetizer GmbH & Co. Kg
13.11.2 Proteus Digital Health, Inc.
13.11.3 Adheretech
13.11.4 Cerner Corporation
13.11.5 Physiq

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Industry Excerpts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Introducing RT: Real Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details

List of Tables

Table 1 IoT Healthcare Market Size, By Component, 2015–2022 (USD Billion)
Table 2 Medical Device Segment, By Type, 2015–2022 (USD Billion)
Table 3 Medical Device Segment, By Region, 2015–2022 (USD Billion)
Table 4 Wearable External Medical Devices Subsegment, By Region, 2015–2022 (USD Billion)
Table 5 Implanted Medical Devices Subsegment, By Region, 2015–2022 (USD Billion)
Table 6 Stationary Medical Devices Subsegment, By Region, 2015–2022 (USD Billion)
Table 7 Systems and Software Segment, By Type, 2015–2022 (USD Billion)
Table 8 Systems and Software Segment, By Region, 2015–2022 (USD Billion)
Table 9 Remote Device Management Subsegment, By Region, 2015–2022 (USD Million)
Table 10 Network Bandwidth Management Subsegment, By Region, 2015–2022 (USD Million)
Table 11 Data Analytics Subsegment, By Region, 2015–2022 (USD Million)
Table 12 Application Security Subsegment, By Region, 2015–2022 (USD Million)
Table 13 Network Security Subsegment, By Region, 2015–2022 (USD Million)
Table 14 IoT Healthcare Market Size, By Service, 2015–2022 (USD Billion)
Table 15 Service IoT Healthcare Market Size, By Region, 2015–2022 (USD Billion)
Table 16 System Integration Services Subsegment, By Region, 2015–2022 (USD Billion)
Table 17 Professional Services Subsegment, By Region, 2015–2022 (USD Billion)
Table 18 Support and Maintenance Services Subsegment, By Region, 2015–2022 (USD Billion)
Table 19 IoT Healthcare Market Size, By Application, 2015–2022 (USD Billion)
Table 20 Telemedicine Segment, By Region, 2015–2022 (USD Billion)
Table 21 Clinical Operations and Workflow Management Segment, By Region, 2015–2022 (USD Billion)
Table 22 Connected Imaging Segment, By Region, 2015–2022 (USD Billion)
Table 23 Inpatient Monitoring Segment, By Region, 2015–2022 (USD Million)
Table 24 Medication Segment, By Region, 2015–2022 (USD Billion)
Table 25 Other Applications Segment, By Region, 2015–2022 (USD Million)
Table 26 IoT Healthcare Market Size, By End User, 2015–2022 (USD Billion)
Table 27 Hospitals, Surgical Centers, and Clinics Segment, By Region, 2015–2022 (USD Billion)
Table 28 Clinical Research Organization (CRO) Segment, By Region, 2015–2022 (USD Billion)
Table 29 Government and Defense Institutions Segment, By Region, 2015–2022 (USD Billion)
Table 30 Research and Diagnostics Laboratories Segment, By Region, 2015–2022 (USD Billion)
Table 31 IoT Healthcare Market Size, By Region, 2015-2022 (USD Billion)
Table 32 North America IoT Healthcare Market Size, By Component, 2015-2022 (USD Billion)
Table 33 North America IoT Healthcare Market Size, By Medical Device, 2015-2022 (USD Billion)
Table 34 North America IoT Healthcare Market Size, By System and Software, 2015-2022 (USD Billion)
Table 35 North America IoT Healthcare Market Size, By Service, 2015-2022 (USD Billion)
Table 36 North America IoT Healthcare Market Size, By Application, 2015-2022 (USD Billion)
Table 37 North America IoT Healthcare Market Size, By End User, 2015-2022 (USD Billion)
Table 38 Europe IoT Healthcare Market Size, By Component, 2015-2022 (USD Billion)
Table 39 Europe IoT Healthcare Market Size, By Medical Device, 2015-2022 (USD Billion)
Table 40 Europe IoT Healthcare Market Size, By System and Software, 2015-2022 (USD Billion)
Table 41 Europe IoT Healthcare Market Size, By Service, 2015-2022 (USD Billion)
Table 42 Europe IoT Healthcare Market Size, By Application, 2015-2022 (USD Billion)
Table 43 Europe IoT Healthcare Market Size, By End User, 2015-2022 (USD Billion)
Table 44 Asia-Pacific IoT Healthcare Market Size, By Component, 2015-2022 (USD Billion)
Table 45 Asia-Pacific IoT Healthcare Market Size, By Medical Device, 2015-2022 (USD Billion)
Table 46 Asia-Pacific IoT Healthcare Market Size, By System and Software, 2015-2022 (USD Billion)
Table 47 Asia-Pacific IoT Healthcare Market Size, By Service, 2015-2022 (USD Billion)
Table 48 Asia-Pacific IoT Healthcare Market Size, By Application, 2015-2022 (USD Billion)
Table 49 Asia-Pacific IoT Healthcare Market Size, By End User, 2015-2022 (USD Billion)
Table 50 Middle East and Africa IoT Healthcare Market Size, By Component, 2015-2022 (USD Billion)
Table 51 Middle East and Africa IoT Healthcare Market Size, By Medical Device, 2015-2022 (USD Billion)
Table 52 Middle East and Africa IoT Healthcare Market Size, By System and Software, 2015-2022 (USD Billion)
Table 53 Middle East and Africa IoT Healthcare Market Size, By Service, 2015-2022 (USD Billion)
Table 54 Middle East and Africa IoT Healthcare Market Size, By Application, 2015-2022 (USD Billion)
Table 55 Middle East and Africa IoT Healthcare Market Size, By End User, 2015-2022 (USD Billion)
Table 56 Latin America IoT Healthcare Market Size, By Component, 2015-2022 (USD Billion)
Table 57 Latin America IoT Healthcare Market Size, By Medical Device, 2015-2022 (USD Billion)
Table 58 Latin America IoT Healthcare Market Size, By System and Software, 2015-2022 (USD Billion)
Table 59 Latin America IoT Healthcare Market Size, By Service, 2015-2022 (USD Billion)
Table 60 Latin America IoT Healthcare Market Size, By Application, 2015-2022 (USD Billion)
Table 61 Latin America IoT Healthcare Market Size, By End User, 2015-2022 (USD Billion)

List of Figures

Figure 1 IoT Healthcare Market: Market Segmentation
Figure 2 IoT Healthcare Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 IoT Healthcare Market: Assumptions
Figure 8 The Medical Devices Segment is Expected to Lead the IoT Healthcare Market During the Forecast Period
Figure 9 The Inpatient Monitoring Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 10 The Clinical Research Organization (CRO) Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America is Estimated to Be the Largest Market for IoT Healthcare in 2017
Figure 12 Reduced Cost of Care is Expected to Drive the IoT Healthcare Market During the Forecast Period
Figure 13 The Systems and Software Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 The Telemedicine Segment is Expected to Be the Largest Segment of the Market in 2022
Figure 15 The Hospitals, Surgical Centers, and Clinics Segment is Expected to Lead the Market During Forecast Period
Figure 16 North America is Estimated to Be the Largest Market for IoT Healthcare in 2017
Figure 17 The Asia-Pacific IoT Healthcare Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 18 Evolution of IoT Healthcare
Figure 19 Implementation of IoT Solutions for Reduced Cost of Care and Evolution of Artificial Intelligence Technology are the Major Driving Factor for the IoT Healthcare Market
Figure 20 IoT Healthcare Market: Ecosystem
Figure 21 Strategic Benchmarking: IoT Healthcare Market
Figure 22 Medical Devices is Expected to Be the Largest Segment of the IoT Healthcare Market During the Forecast Period
Figure 23 Implanted Medical Devices is Expected to Be the Largest Subsegment of the Medical Devices Market By 2022
Figure 24 Application Security is Expected to Be the Fastest-Growing Subsegment of the Systems and Software Segment During the Forecast Period
Figure 25 Professional Services is Expected to Be the Fastest-Growing Segment During the Forecast Period
Figure 26 The Inpatient Monitoring Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 The Clinical Research Organizations (CRO) Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 North America is Estimated to Be the Largest Market for IoT Healthcare in 2017
Figure 29 Geographic Snapshot: Asia-Pacific is Estimated to Grow With the Fastest Grow Rate During Forecast Period
Figure 30 North America Market Snapshot: Medical Devices is Holding the Largest Share of the Market in 2017
Figure 31 Asia-Pacific Market Snapshot :Telemedicine is Holding the Largest Share of the Market in 2017
Figure 32 Dive Chart
Figure 33 Medtronic PLC: Company Snapshot
Figure 34 Medtronic PLC: Product Offerings Scorecard
Figure 35 Medtronic PLC: Business Strategies Scorecard
Figure 36 Royal Philips: Company Snapshot
Figure 37 Royal Philips: Product Offerings Scorecard
Figure 38 Royal Philips: Business Strategies Scorecard
Figure 39 Cisco Systems, Inc.: Company Snapshot
Figure 40 Cisco Systems, Inc.: Product Offerings Scorecard
Figure 41 Cisco Systems, Inc.: Business Strategies Scorecard
Figure 42 IBM Corporation: Company Snapshot
Figure 43 IBM Corporation: Product Offerings Scorecard
Figure 44 IBM Corporation: Business Strategies Scorecard
Figure 45 GE Healthcare: Company Snapshot
Figure 46 GE Healthcare: Product Offerings Scorecard
Figure 47 GE Healthcare: Business Strategies Scorecard
Figure 48 Microsoft Corporation: Company Snapshot
Figure 49 Microsoft Corporation: Product Offerings Scorecard
Figure 50 Microsoft Corporation: Business Strategies Scorecard
Figure 51 SAP SE: Company Snapshot
Figure 52 SAP SE: Product Offerings Scorecard
Figure 53 SAP SE: Business Strategies Scorecard
Figure 54 Qualcomm Life, Inc.: Product Offerings Scorecard
Figure 55 Qualcomm Life, Inc.: Business Strategies Scorecard
Figure 56 Honeywell Life Care Solutions: Product Offerings Scorecard
Figure 57 Honeywell Life Care Solutions: Business Strategies Scorecard
Figure 58 Stanley Healthcare: Product Offerings Scorecard
Figure 59 Stanley Healthcare: Business Strategies Scorecard

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