The global Internet of Medical Things Market report 2021 Will Provide You With Analysis Of Impact Of Latest Market Disruptions Such As Russia-Ukraine War And Covid-19 On The Market. Internet of Medical Things Market Report Includes In-Depth Segmentation And Market Size Data By Categories, Product Types, Applications, And Geographies. Report Also Includes Comprehensive Analysis, Trends And Drivers, Restraints And Challenges, Competitive Landscape Etc.
The global Internet of Medical Things (IoMT) Market size was USD 41.17 billion in 2020. Based on our analysis, the global market exhibited a positive growth of 71.3% in 2020 compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 30.79 billion in 2021 to USD 187.60 billion in 2028 at a CAGR of 29.5% during the 2021-2028 period.
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Major Internet of Medical Things Market Manufacturers covered in the market report include:
- Boston Scientific Corporation (Marlborough, U.S.)
- General Electric Company (GE Healthcare) (Chicago, U.S.)
- Johnson & Johnson Services, Inc. (New Brunswick, U.S.)
- Medtronic (Dublin, Ireland)
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Siemens Healthineers AG (Munich, Germany)
- Cisco (San Jose, U.S.)
- IBM (Armonk, U.S.)
- Hill-Rom Services, Inc. (Welch Allyn) (Indiana, U.S.)
- BIOTRONIK (Berlin, Germany)
Internet of Medical Things Market Main Drivers:
High-impact rendering factors and drivers have been studied in this report to assist readers in understanding general development. In addition, the report includes restraints and challenges that can serve as stumbling blocks in the path of players. This will help users to make business-related informed decisions. Industry experts also focused on the upcoming business prospects.
The internet of health things helps to reduce patient costs significantly, thereby reducing the burden of healthcare costs on patients and governments. The relationship between IoMT and medtech companies is valuable in strengthening the healthcare organizations to accomplish better outcomes, improve efficiency and deliver advanced care to the patients. Companies are aiming to empower and transform the care given to patients. Additionally, companies are actively focusing on investing in IoT technology along with government organizations. According to the McKinsey study, the IoT deployments in the healthcare industry are expected to grow faster than any other industry. Also, the study states that IoMT is likely to have a global economic impact of USD 1.6 trillion by 2025. Moreover, the World Telecommunication Development Conference projected that by the end of 2020, 40% of the IoT technology would be healthcare-driven. This is expected to bolster the internet of medical things market growth.
Key segments, including types and applications, were detailed in this report. Market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period (2016-2021) and forecast period (2021-2028).
This Report Also Includes:
- Fortune Business Insights™ Methodology
- Tactics and suggestions for new entrants
- Segmentation analysis
- Economic indices
- Companies strategic developments
- Market growth drivers and restraints
- Selected illustrations of the market penetrations and trends
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The Internet of Medical Things Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global Internet of Medical Things Market industry by breaking it into region-wise assessments. The consultation and business analysis will help interested stakeholders, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
What Information does this report contain?
- Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2029.
- Expert analysis: Industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
- 6-7 year performance forecasts: Major segments covering applications, top products and geographies.
- Competitive landscape reporting: Internet of Medical Things Market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Estimation of Market Size
The total size of the Internet of Medical Things Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
Key Questions Answered In The Report:
- What Will The Market Growth Rate Of Internet of Medical Things MarketI n 2028?
- What Are The Key Factors Driving The Global Market?
- Who Are The Key Manufacturers In Space?
- What Are The Market Opportunities, Market Risk And Market Overview Of The Global Market?
- What Are Sales, Revenue, And Price Analysis Of Top Manufacturers Of Global Market?
Table Of Contents :
1 Market Overview
1.1 Internet of Medical Things Market Introduction
1.2 Market Analysis By Type
1.3 Market Analysis By Applications
1.4 Market Analysis By Regions
1.4.1 North America (United States, Canada And Mexico)
220.127.116.11 United States Market States And Outlook (2021-2028)
18.104.22.168 Canada Market States And Outlook (2021-2028)
22.214.171.124 Mexico Market States And Outlook (2021-2028)
1.4.2 Europe (Germany, France, Uk, Russia And Italy)
126.96.36.199 Germany Market States And Outlook (2021-2028)
188.8.131.52 France Market States And Outlook (2021-2028)
184.108.40.206 Uk Market States And Outlook (2021-2028)
220.127.116.11 Russia Market States And Outlook (2021-2028)
18.104.22.168 Italy Market States And Outlook (2021-2028)
1.4.3 Asia-Pacific (China, Japan, Korea, India And Southeast Asia)
22.214.171.124 China Market States And Outlook (2021-2028)
126.96.36.199 Japan Market States And Outlook (2021-2028)
188.8.131.52 Korea Market States And Outlook (2021-2028)
184.108.40.206 India Market States And Outlook (2021-2028)
220.127.116.11 Southeast Asia Market States And Outlook (2021-2028)
1.4.4 South America, Middle East And Africa
18.104.22.168 Brazil Market States And Outlook (2021-2028)
22.214.171.124 Egypt Market States And Outlook (2021-2028)
126.96.36.199 Saudi Arabia Market States And Outlook (2021-2028)
188.8.131.52 South Africa Market States And Outlook (2021-2028)
184.108.40.206 Turkey Market States And Outlook (2021-2028)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
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