Increasing Occurrence of Numerous Chronic Diseases to Fuel Utilization of Internet of Things in Healthcare Sector

Published On : 17 Aug 2016 announces the addition of a new research report, titled “Global Internet of Things in the Healthcare Sector Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021.” This study presents an extensive understanding of the market and comprises detailed insights into how the drivers, opportunities, and challenges will influence the development of the market in the coming years. The key technological advancements taking place in the market and their expected impact on the development of the market have also been encapsulated under this study. 

The report starts by presenting an outlook of the role of the Internet of Things (IoT) in the healthcare sector. This section comprises the classifications and definition of the IoT. The concept of IoT is being adopted on a large scale in the healthcare sector and is predicted to be quite impactful and beneficial in the long run. There has been an immense reduction in healthcare expenditure and care quality has been highly improved owing to the utilization of the IoT in the healthcare sector. 

The introduction of interconnected devices and wireless monitoring devices has emerged as key indications of the promising role of the IoT in the healthcare sector. In addition, the increasing proliferation of the IoT in the healthcare sector has proven to be extremely beneficial in the management of chronic diseases and preventive care and wellness.

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In the next section of the report, the segmentation of the market has been presented. On the basis of component, the market can be segmented into services, systems and software, and medical devices. In terms of connectivity technology, the market is bifurcated into satellite, cellular, ZigBee, Bluetooth Low Energy (BLE), and Wi-Fi. Furthermore, the market can also be categorized on the basis of application into inpatient monitoring, telemedicine, clinical operations, connected imaging, and medication management.

In the following section of the study, the growth of the IoT in the healthcare sector has been studied for the China and the global market. After this section, the prime factors influencing the development of the market have been presented. The increasing occurrence of numerous chronic diseases and the rising aging population globally will boost the growth of the IoT in the healthcare sector. 

In addition, the increasing levels of awareness amongst individuals on cutting-edge disease management systems will further provide impetus to the growth of this market. Furthermore, the increasing utilization of smartphones as well as the enhanced Internet connectivity globally will further augment the development of the IoT in the healthcare sector. 

In the last section of the study, the prime manufacturers operating in the market have been evaluated on the basis of their gross margin, revenue, company profile, and SWOT analysis. Cisco Systems, Philips Healthcare, GE Healthcare, Ericsson, Honeywell Life Care Solutions, and Qualcomm, among others, are the key players dominant in the market, as per this report.

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