Global Internet of Medical Things (IoMT) Market is the matchless market research report that conducts industry analysis on products, markets, companies, industries and many countries internationally. Market information related to specific stock, currency, commodity and geographic region or country has also been analysed in this report. The report deals with abundant parameters in detail to suit the requirements of business or clients. These parameters range from latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, and strategic analysis to insights and innovation. All of these are analyzed and evaluated by a team of innovative, enthusiastic, and motivated researchers and forecasters so that nothing lefts uncovered in the wide ranging A report.
A document analyzes the market status, market share, current trends, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. Businesses can attain detailed insights with this report which help them self-assuredly make decisions about their production and marketing strategies. To provide clients with the best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while preparing this industry report.
Global Internet of Medical Things (IoMT) Market is growing with factors such growing focus on active patient engagement and patient-centric care delivery, rise in the demand for mobile health care technologies globally, rising concern and focus on patient safety.
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Globally Internet of Medical Things (IoMT) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 23.0% in the forecast period of 2021 to 2028 and is expected to reach USD 1,84,592.31 million by 2028. The rise in the demand for real-time healthcare solutions across the globe act as a driver for the Internet of Medical Things (IoMT) software market growth.
Key Market Competitors Covered in the Report
Siemens Healthcare GmbH
Carre Technologies Inc. (Hexoskin)
Boston Scientific Corporation
Hill-Rom Services, Inc.
Honeywell International Inc.
BL Healthcare, Inc.
Koninklijke Philips N.V.
Lenovo Healthcare Information Technology (Lenovo HIT)
Health Care Originals
Market Scenario of Internet of Medical Things (IoMT) Market
According to Data Bridge Market Research, the market for the global Internet of Medical Things (IoMT) in North America has the highest market share followed by Europe and Asia-Pacific. Prospectus leader on the market of Internet of Medical Things (IoMT) are Honeywell International Inc. followed by Lenovo Healthcare Information Technology (Lenovo HIT), Hill-Rom Services, Inc., BIOTRONIK, BioSerenity.
Internet of medical things (IoMT) is a combined infrastructure of medical devices, software applications, and health systems and services, which is swiftly transforming medical technology’s role within health care. Internet of medical things is aiding the health care organizations to streamline their clinical, workflow management and expand their patient care from remote locations.
Global Internet of Medical Things (IoMT) market has developed as a result of technological advancements and increased accessibility to personal healthcare. On the other hand, the absence of infrastructure facilities and trained specialists in the hospital and medical sectors have hampered the market’s expansion. A rise in the demand for connected devices in the healthcare sector is expected to create various opportunities for the growth of Global Internet of Medical Things (IoMT) market. This would tend to keep the future of the market strong and advanced.
The Internet of Medical Things (IoMT) market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Internet of Medical Things (IoMT) market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Trends Impacting the Market
Now the questions who are the key vendors & niche leaders of the Internet of Medical Things (IoMT) market? Data Bridge Market Research has forecasted a large growth in Asia Pacific Internet of Medical Things (IoMT) market and the market leaders targeting China and Japan to be their next pocket revenue for 2021.
The Internet of Medical Things (IoMT) market is becoming more competitive with companies like Siemens Healthcare GmbH, General Electric, Carre Technologies Inc. (Hexoskin), Breathometer Inc., BIOTRONIK, Medtronic, Meru Health, Boston Scientific Corporation, Hill-Rom Services, Inc., Neurometrix, Inc., Honeywell International Inc., VitaConnect, EKso Bionics, BL Healthcare, Inc., BioSerenity, Koninklijke Philips N.V., Lenovo Healthcare Information Technology (Lenovo HIT), AliveCor, Inc., Health Care Originals among others. These are the top dominating companies in Internet of Medical Things (IoMT) market and have launched advanced services and solutions in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the Global Internet of Medical Things (IoMT) market.
Internet of Medical Things (IoMT) Market Developments
In June 2021, Medtronic announced a clinical trial for the STROKE AF trial determining the Reveal LINQ Insertable Cardiac Monitor (ICM) superiority to detect abnormal heartbeats, otherwise known as atrial fibrillation (AF). Medtronic offers the most comprehensive range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias, developed in collaboration with the world’s leading clinicians, researchers, and scientists. The company strives to provide high-quality products and services that deliver clinical and economic value to healthcare consumers and providers..
In June 2020, Boston Scientific Corporation has announced the U.S. launch of the DIRECTSENSE Technology, a tool for monitoring the effect of radiofrequency (RF) energy delivery during cardiac ablation procedures. The DIRECTSENSE Technology provides data on the impedance around the catheter tip to measure the ability of the tissue to respond to RF energy before physicians deliver therapy. During ablation, the tool tracks the change in local impedance which, in conjunction with other measures, offers physicians a distinct understanding of tissue characteristics and how they are affecting that tissue. These insights may indicate temperature change in the tissue, helping to reduce the chances of over-ablation and avoid complications.
In March 2021, GE Digital added enhancement in CIMPLICITY and Tracker software that provide critical decision support for operators to make them more efficient. The high-performance automation platform provides CIMPLICITY HMI/SCADA provides client-server visualization to precisely monitor and control operations. The company enhanced the operational productivity and functionality of the HMI/SCADA.
Outline/Synopsis of the Report:
1. The report features most recent industry patterns and improvements.
2. Under the segment of market entrance, it depicts wide-going data about the top players in the business, their item portfolios, and their key methodologies.
3. The market report considers every one of the central point like drivers, restrictions, openings, and difficulties that are affecting the development of the market and submarkets.
4. It considers the pieces of the pie for new contestants on the lookout.
5. The report incorporates key profiling of the central members and brands.
6. It contains a quick investigation of the market alongside its far reaching comprehension and its business scene.
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Global Internet of Medical Things (IoMT) Market Scope and Market Size
Global Internet of Medical Things (IoMT) market is segmented based on the component, platform, mode of service delivery, connectivity devices, application, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of components, Global Internet of Medical Things (IoMT) market is segmented into hardware, software, and services. Hardware is sub-segmented into processor, sensor, and others. Processors are sub-segmented into Microprocessor (MPU), Application Processor (AP), Microcontroller (MCU), and Digital Signal Processor (DSP). The sensor is sub-segmented into pressure sensor, temperature sensor, blood oxygen sensor, blood glucose sensor, Electrocardiogram (ECG) sensor, humidity sensor, image sensor, motion and position sensor, heart rate sensor, flow sensor, level sensor, and others. Software is sub-segmented into real-time streaming analytics, real-time monitoring, data management, network bandwidth management, security, and others. Data management is sub-segmented into patient data, product data, asset data, and others. Security is sub-segmented into identity access management, secure communications, data encryption and tokenization, distributed denial of service protection, and others. Services sub-segmented into professional services, and managed services. Professional services are sub-segmented into support and maintenance, deployment and integration, and consulting. In 2021, the hardware segment is expected to dominate the market as the increasing adoption of IoT enabled medical devices to meet the growing need for cost-effective and efficient solutions for delivering healthcare services. IoT-enabled medical devices play an important role in data gathering and tracking various activities leading to the development of various IoT in healthcare use cases.
On the basis of platform, Global Internet of Medical Things (IoMT) market is segmented into device management, application management, and cloud management. The device segment is sub-segmented into vital sign monitors, sleep monitoring devices, rehabilitation devices, and others. The vital sign monitor segment is sub-segmented into pulse oximeters, activity monitors, sprimonitor, heart rate monitors, electrocardiographs, blood pressure monitors, and others. The sleep monitoring devices are sub-segmented into wrist actigraphs, sleep trackers, polysomnographs, and others. The rehabilitation devices are sub-segmented into accelerometers, and sensing devices. The network management is sub-segmented into the server, Ethernet switch, and routing, gateway, storage, others. In 2021, the device management segment is expected to dominate the market owing to the advancements of wearable sensor devices, implanted sensor devices, and other stationary devices.
On the basis of mode of service delivery, Global Internet of Medical Things (IoMT) market is segmented into on-premise and cloud. In 2021, the on-premise segment is expected to dominate the market due to the wide usage of on-premises software as it doesn’t require users to have an internet connection to access data. Though most businesses rely on the internet to conduct business, there’s always a fear that the loss of a connection could harm productivity and make it impossible to access crucial data.
On the basis of connectivity devices, Global Internet of Medical Things (IoMT) market is segmented into wired and wireless. In 2021, the wired segment is expected to dominate the market as its adoption is increasing due to fewer attacks of network traffic interruptions, and less susceptibility to interference and outages than wireless access points.
On the basis of application, Global Internet of Medical Things (IoMT) market is segmented into on-body devices, healthcare providers, home-use medical devices, community, and others. The on-body devices are sub-segmented into consumer health wearables and clinical-grade wearables. The healthcare providers are sub-segmented into inventory management, personnel management, patient flow management, asset management, and environment monitoring. The home-use medical devices are sub-segmented into telehealth, remote patience monitoring, personal emergency response systems, and others. The community is sub-segmented into a kiosk, point-of-care devices, logistics, mobility services, and emergency response intelligence. In 2021, the on-body devices segment is expected to dominate the market with the surge in esthetic consciousness across the globe and advancements in the field of body contouring.
On the basis of end-user, the Global Internet of Medical Things (IoMT) market is segmented into hospitals, clinics, research institutes & academics, homecare, and others. In 2021, the hospitals segment is expected to dominate the market owing to the increasing adoption of electronic health records (EHR) and remote patient monitoring systems.
Global Internet of Medical Things (IoMT) Market Country Level Analysis
The Internet of Medical Things (IoMT) market is analyzed and market size information is provided by the component, platform, mode of service delivery, connectivity devices, application, and end-user as referenced above.
The countries covered in the Internet of Medical Things (IoMT) market report are component, platforms, modes of service delivery, connectivity devices, application, and end-user. U.S., Germany and China dominates the market due to the rising awareness about personal health amongst the population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability globally can brand and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
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LIST OF FIGURES
FIGURE 1 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: SEGMENTATION
FIGURE 2 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: DATA TRIANGULATION
FIGURE 3 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: DROC ANALYSIS
FIGURE 4 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: GLOBAL VS REGIONAL MARKET ANALYSIS
FIGURE 5 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: DBMR MARKET POSITION GRID
FIGURE 8 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: VENDOR SHARE ANALYSIS
FIGURE 9 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 10 GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET: SEGMENTATION
FIGURE 11 INCREASING SAFETY CONCERNS ASSOCIATED WITH MINE & LABORERS IS EXPECTED TO DRIVE GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 12 TYPE SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET IN 2021 & 2028
FIGURE 13 NORTH AMERICA IS EXPECTED TO DOMINATE AND ASIA-PACIFIC IS THE FASTEST-GROWING REGION IN THE GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 14 ASIA-PACIFIC IS THE FASTEST-GROWING MARKET FOR INTERNET OF MEDICAL THINGS (IOMT) MANUFACTURERS IN THE FORECAST PERIOD OF 2021 TO 2028
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE GLOBAL INTERNET OF MEDICAL THINGS (IOMT) MARKET