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(Transportation-News.com, January 28, 2016 ) In addition, the increasing penetration of connected devices in healthcare and proliferation of smartphones are also posing opportunities for the market. During the forecast period, the systems and software segment is expected to report the highest growth, among the various components of IoT in healthcare, due to increasing adoption of cloud computing in the healthcare organizations and increasing demand for smart connected technology in the market. The unexplored market in the hearing aids industry of the developing economies is creating abundant growth opportunities for the global market. Some of the major trends observed in the global market are growing product innovation, increasing number of collaborations and partnerships, and increasing number of mergers and acquisitions.
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IoT in healthcare helps to decrease healthcare cost, control all operations taking place in a healthcare organization, increase efficiency, reduce time to provide better healthcare, and centralize monitoring. It has various benefits, such as workflow management, medication management, chronic disease management, real-time communication between patient and caregivers, inpatient monitoring and remote monitoring.
Some of the factors driving the growth of the global IoT in healthcare market are decreased cost of care, growth of high speed networking tools, increasing quality of patient care and increasing demand for improved healthcare consequences. However, the lack of data management and interoperability, lack of technology skills, lack of data security and privacy, and absence of governance standards are some of the factors, restraining the growth of the global IoT in healthcare market.
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Geographically, North America is expected to dominate the global market in the coming years, due to increasing demand for improved healthcare facilities. Asia-Pacific is expected to be the fastest growing region during the forecast period, due to increasing demand of smart connected technologies in the region. In addition, the Asia-Pacific market is growing, due to increasing awareness about remote patient monitoring in the emerging countries, such as India and China.
Global IoT in Healthcare Market Segmentation
By Component
Medical Devices
o Wearable external medical devices
o Implanted medical devices
o Stationary medical devices
Service
o System integration service
o Support and maintenance services
o Consulting, training and education
Software and System
o Remote device management
o Network security
o Application security
o Data analytics
o Network bandwidth management
By Application
Medication Management
Connected Imaging
Inpatient Monitoring
Telemedicine
Clinical Operations and Workflow Management
Others
By End User
Research and Diagnostic Laboratories
Hospitals, Clinics and Surgical Centers
Government and Defense Institutions
Clinical Research Organization
By Connectivity Technology
Satellite
Near Field Communication (NFC)
Bluetooth Low Energy (BLE)
Wi-Fi
Zigbee
Cellular
By Geography
North America
o U.S.
o Canada
Europe
o Germany
o U.K.
o France
Asia-Pacific
o Japan
o China
o India
Latin America
o Brazil
Middle East and Africa
o Saudi Arabia
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