Internet of Things in Healthcare Market Technological Advancement of Smart Devices Global | Industry Forecast, 2019–2027

September 23, 2022

Internet of Things in Healthcare Market 2027

IoT in Healthcare market owing to the rapid technological advancements, increasing investments from top players its extensive applications in disease monitoring

PORTLAND, OREGON, US, September 22, 2022 / -- The Internet of Things (IoT) is described as a network of physical devices that use connectivity to enable the exchange of data. Internet of Things in healthcare market is gaining popularity in recent years due to rapid technological advancement, increasing investment from leading players and its widespread use in disease control. According to Allied Market Research the global Internet of Things in Healthcare Market was valued at $113.751 Billion in 2019 and is expected to reach $332.672 Billion by 2027, registering a CAGR of 13.20% from 2020 to 2027

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@

The most important role of IoT as it relates to COVID-19 is likely to be a deterrent and help detect outbreaks before they reach mass. During Covid-19 there are many launches and product developments related to IoT in healthcare such as mandatory installation of connected thermometers in airports could be an IoT application. For example, the installation of thermometers by Omdia will exceed 200 million units and is expected to reach around 420 million by the end of 2020. Further, according to the WHO, Kinsa Inc. in San Francisco. has used data that has been collected from more than one of its units. A million connected thermometers.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@

By region, North America was the major contributor and accounted for the highest share of $55,271.90 million in 2019. Asia-Pacific is expected to grow at a CAGR of 17.40% during the forecast period. By end user, the healthcare providers segment dominated the market in 2019 and is expected to maintain its dominance over the forecast period.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• Apple Inc.,
• Cisco System Inc,
• Medtronic PLC.,
• Microsoft Corporation,
• Abbot Labortories
• Qualcomm Incorporate,
• Proteus Digital Health,
• GE Healthcare,
• Google (Alphabet)

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Tissue Engineering Market
Biosensors Market

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:
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• Demand for Plasma Fractionation Has Highly Increased across Vietnam:

• Heparin Market Analysis in South Korea Region: Role of Heparin Drugs in Medicine:

• COVID-19 Impact on Workplace Wellness Market In South Korea Region:

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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David Correa
Allied Analytics LLP
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