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The Global Internet of Medical Things (IoMT) Market is expected to register a CAGR of 38.67% during the forecast period 2019-2026. The report contains data from the base year 2018 and the historical year 2017. This increase in market value can be attributed to the efficiency of available resources and infrastructure due to the use of IoMT.
Main market competitors:
Few of the major competitors currently working in the global Internet of Medical Things (IoMT) market are LifeFuels Inc.; GENERAL ELECTRICITY COMPANY; SQUARE TECHNOLOGIES INC.; Breathometer Inc.; Medtronic; Meru Health, Inc.; Boston Scientific Society; Atlas Wearables, Inc.; Proteus Digital Health; NeuroMetrix, Inc.; Honeywell International Inc.; VitalConnect; Ekso Bionics; BL Healthcare, Inc; BioSerenity; Preventice Solutions, Inc.; Lenovo; Vitls Inc.; AliveCor, Inc. and Chrono Therapeutics Inc.
The global Internet of Medical Things (IoMT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to grow their footprint in this market. The report includes market shares of Internet of Medical Things (IoMT) market for Global, Europe, North America, Asia-Pacific, South America, Middle East and Africa.
Global Internet of Medical Things (IoMT) Market by Product Type (Smart Wearables, Home Use Medical Devices, Point-of-Care Kits), Services (On-premises Services, Cloud-Based Services)-Time Monitoring , end-to-end connectivity, data assortment and analysis, tracking and alerts, remote medical assistance), end user (hospitals and clinics, research institutes and universities, home care), geography (North America, South America , Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecasts to 2026
Market Definition: Global Internet of Medical Things (IoMT) Market
The Internet of Medical Things (IoMT) is a specific category of Internet of Things applications for healthcare services. This technology enables the interconnectivity of medical devices on a common network, which results in the exchange of valuable patient information, contributing to better healthcare service delivery. IoMT involves designing specific healthcare solutions based on data collected through wearable medical devices.
- Increase the adoption of wearable devices and the delivery of real-time health services with the adoption of IoMT; this factor is expected to drive the growth of the market
- Reduced expenses incurred by patients due to reduced doctor visits, as the IoMT helps in the continuous monitoring of the health of individuals
- Data privacy concerns amid increasing levels of hacking and unauthorized access; this factor is expected to restrain the growth of the market
- Concerns related to the lack of infrastructure and the need for qualified professionals; this factor is expected to restrain the growth of the market
Segmentation: Global Internet of Medical Things (IoMT) Market
By product type
- Smart Wearable Devices
- Household medical devices
- Point of service kits
- On-site services
- Cloud-based services
- Real-time monitoring
- End-to-end connectivity
- Data matching and analysis
- Tracking and alerts
- Remote medical assistance
Per end user
- Hospitals & Clinics
- Research institutes and universities
- Home Care
Key Market Developments:
- In January 2019, Proteus Digital Health, in partnership with Fairview Health Services and University of Minnesota Health, announced the launch of digital oncology medicines for cancer patients, significantly helping to improve treatment outcomes. This digital technology helps patients complete their course of oral chemotherapy and provides doctors with patient information.
- In March 2017, GENERAL ELECTRIC COMPANY announced that it had acquired Monica Healthcare, expanding its maternal and child care business division. This acquisition will contribute to innovations and improved product offerings for pregnant women and babies around the world. Monica Healthcare is focused on improving the birth experience for mothers by involving the use of wireless fetal monitoring devices.
- Market segmentation
- Market overview
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- By component
- type of product
- type of industry
- North America
- Asia Pacific
- South America
- Middle East and Africa
- Company landscape
- Company Profiles
- Related Reports
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- Current and Future Prospects of the Global Internet of Medical Things (IoMT) Market in Developed and Emerging Markets
- The segment that is expected to dominate the market as well as the segment that holds the highest CAGR during the forecast period
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- The latest developments, market shares and strategies employed by major market players
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Detailed Analysis of the Internet of Medical Things (IoMT) Market Research with Forecasts by 2028 | DBMR Updates – Androidfun.fr
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