Press Release

Internet of Medical Things (IoMT) Market 2021 Size & Share | Market worth USD 142.45 billion with 28.9% CAGR by 2027

The global “Internet of Medical Things Market” is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth.

According to a recent study by Fortune Business Insights™ titled, “Internet of Medical Things (IoMT) Market Size, Share & Industry Analysis, By Product Type (Stationary Medical Devices, Implanted Medical Devices, Wearable External Medical Devices), By Application (Telemedicine, Medication Management, Patient Monitoring, Others), By End User (Healthcare Providers, Patients, Government Authorities, Others) and Regional Forecast, 2019-2026,” the market value stood at USD 18.75 billion in 2018.

Major Internet of Medical Things Market Key players covered in the report include:

  • Biotronik
  • GENERAL ELECTRIC COMPANY (GE Healthcare)
  • Boston Scientific Corporation
  • Medtronic
  • Johnson & Johnson Services, Inc.
  • Cisco Systems, Inc.
  • Welch Allyn
  • IBM Corporation
  • Siemens Healthcare GmbH
  • Koninklijke Philips N.V.
  • Others

Get Request a Sample Copy of the Internet of Medical Things Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/internet-of-medical-things-iomt-market-101844

Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

Internet of Medical Things Market Analysis 2021:

Increasing Awareness about Advantages of Smart Healthcare Products to Drive Market

The Internet of medical things offers various advantages such as real-time monitoring, improved drug management, improved patient outcomes, and a reduction in medical expenditure. The above factors are driving the IOMT market growth. Besides this, the improved efficiencies of smart healthcare devices, coupled with the rise in research and development of advanced devices and rise in awareness about them, are expected to attract high revenues during the forecast duration. Moreover, analysts at Fortune Business Insights™ also project the increasing prevalence of chronic diseases to propel the demand for smart healthcare further, boosting the market size in the future.

Emergence of New Players Will Intensify Market Competition

Major internet of medical things companies are emphasizing on expanding their geographical portfolio to stay ahead of the competition. Besides this, manufacturers are investing huge sums in R & D for developing and launching new products. Emerging companies in this market are further intensifying the competition with new product launches.

Major Industry Developments of IoMT Market Includes:

June 2016 – The first Bluetooth enables the INR/PT home health device, CoaguChek INRange was launched in nations accepting the CE Mark by F. Hoffmann-La Roche. This device helps healthcare professionals and patients to have the ability of monitoring Vitamin K Antagonist (VKA) therapy and greater control on their status of coagulation. A patient can use this device for self-testing his PT/INR data, thus reducing the overall cost spent on frequent hospital visits.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-medical-things-iomt-market-101844

Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Start-ups Fundings: Overview
    • Technological Advancements in IoMT Devices
    • Key Industry Developments – Acquisitions, Mergers, and Partnerships
    • New Product Launches
    • New Application Areas: Overview
    • Key Industry Trends
  • Global Internet of Medical Things (IoMT) Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product Type
      • Stationary Medical Devices
      • Implanted Medical Devices
      • Wearable External Medical Devices
    • Market Analysis, Insights and Forecast – By Application
      • Telemedicine
      • Medication Management
      • Patient Monitoring
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Healthcare Providers
      • Patients
      • Government Authorities
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
    • North America Internet of Medical Things (IoMT) Market Analysis, Insights and Forecast, 2015-2026
      • Key Findings / Summary
      • Market Analysis – By Product Type
        • Stationary Medical Devices
        • Implanted Medical Devices
        • Wearable External Medical Devices
      • Market Analysis – By Application
        • Telemedicine
        • Medication Management
        • Patient Monitoring
        • Others
      • Market Analysis – By End User
        • Healthcare Providers
        • Patients
        • Government Authorities
        • Others
      • Market Analysis – By Country
        • U.S.
        • Canada
      • Europe Internet of Medical Things (IoMT) Market Analysis, Insights and Forecast, 2015-2026
        • Key Findings / Summary
        • Market Analysis – By Product Type
          • Stationary Medical Devices
          • Implanted Medical Devices
          • Wearable External Medical Devices
        • Market Analysis – By Application
          • Telemedicine
          • Medication Management
          • Patient Monitoring
          • Others
        • Market Analysis – By End User
          • Healthcare Providers
          • Patients
          • Government Authorities
          • Others
        • Market Analysis – By Country/Sub-region
          • U.K.
          • Germany
          • France
          • Spain
          • Italy
          • Scandinavia
          • Rest of Europe
        • Asia Pacific Internet of Medical Things (IoMT) Market Analysis, Insights and Forecast, 2015-2026
          • Key Findings / Summary
          • Market Analysis – By Product Type
            • Stationary Medical Devices
            • Implanted Medical Devices
            • Wearable External Medical Devices
          • Market Analysis – By Application
            • Telemedicine
            • Medication Management
            • Patient Monitoring
            • Others
          • Market Analysis – By End User
            • Healthcare Providers
            • Patients
            • Government Authorities
            • Others
          • Market Analysis – By Country/Sub-region
            • Japan
            • China
            • India
            • Australia
            • Southeast Asia
            • Rest of Asia Pacific

Toc Continue…

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune -411045, Maharashtra, India.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

 

Related Reports :

Tendonitis Treatment Market

Tendonitis Treatment Market Size

Tendonitis Treatment Market Share

Tendonitis Treatment Market Trends

Tendonitis Treatment Market Growth

Uterine Cancer Diagnostics Testing Market Analysis

Uterine Cancer Diagnostics Testing Market Business Opportunities

Uterine Cancer Diagnostics Testing Market Key Players

Uterine Cancer Diagnostics Testing Market Demand

Uterine Cancer Diagnostics Testing Market Competitive Landscape

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close