This is amazing The report states that the industry is expected to experience higher growth during the forecast period due to the increasing demand at the end user level. This report is the best insight into the global industry perspective, comprehensive analysis, size, share, growth, sector, trends and forecast. The research study and research data covered in this report make this document a useful resource for managers, analysts, researchers, industry experts and other key people preparing the study to access and self-analyze. In the competitive analysis section, the major players present in the market have been mentioned along with various details such as company profiles, market share analysis and various strategies that make them prosper in the market.
The report was prepared using data from internal databases, secondary and primary research by a team of industry experts. This market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and barriers to entry, sales channels, distributors and Porter’s Five Forces Analysis. This report provides in-depth insights into emerging trends and potential opportunities and threats as they are key to long-term sustenance in a competitive environment. This market research report provides insightful, effective, realistic and insightful insights from clients.
Global Internet of Medical Things (IoMT) Market It is expected to register a compound annual growth rate of 38.67% during the forecast period 2019-2026. The report contains data from the base year 2018 and the historical year 2017. This increase in market value can be attributed to the efficiency of the available resources and infrastructure due to the use of the Internet of Things.
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The main competitors in the market:
Few of the major competitors currently operating in the global Internet of Medical Things (IoMT) market are LifeFuels Inc. General Electric Company. Square Technologies Inc. spirometer company; Medtronic. Meru Health, Inc. Boston Scientific Society; Atlas wearable company; Digital Health Proteus; NeuroMetrix, Inc. Honeywell International Corporation; Vitalconnect Exo Bionix BL Healthcare, Inc; Serenity. Prevention Solutions, Inc. Lenovo. Vitls Corporation; AliveCor, Inc. and Chrono Therapeutics Inc.
The global Internet of Medical Things (IoMT) market is highly fragmented and the major players have used various strategies like new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, etc. to grow their footprint in this market. The report includes market shares of Internet of Medical Things (IoMT) in the global market, Europe, North America, Asia Pacific, South America, the Middle East and Africa.
Global Internet of Medical Things (IoMT) Market by Product Type (smart wearables, home medical devices, point-of-care groups), services (on-premises, cloud-based services) – time monitoring, end-to-end connectivity, data classification and analysis , tracking and alerts, telemedicine), end user (hospitals and clinics, research institutes and universities, home care), geography (North America, South America, Europe, Asia Pacific, Middle East and Africa) – industry trends and forecasts to 2026
Market Definition: Global Internet for Medical Objects (IoMT) Market
The Internet of Medical Things (IoMT) is a specific class of IoT applications for healthcare services. This technology enables the interconnection of medical devices on a common network, which leads to the exchange of valuable patient information, and contributes to providing a better healthcare service. IoMT involves designing specific healthcare solutions based on data collected through wearable medical devices.
- Increased adoption of wearable devices and real-time delivery of health services through the adoption of the Internet of Things; This factor is expected to drive market growth
- Lower expenses incurred by patients due to reduced doctor visits, as IoMT helps in continuous monitoring of people’s health
- data privacy concerns amid increasing levels of hacking and unauthorized access; This factor is expected to limit market growth
- Concerns regarding the lack of infrastructure and the need for qualified professionals; This factor is expected to limit market growth
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Segmentation: Global Internet for Medical Objects (IoMT) Market
By product type
- Smart wearable devices
- home medical devices
- Service point groups
According to the services
- On-site services
- Cloud-based services
depends on the request
- Real-time monitoring
- End-to-end connection
- Data matching and analysis
- Tracking and Alerts
- remote medical assistance
per end user
- Hospitals and clinics
- Research institutes and universities
- home care
Key market developments:
- In January 2019, Proteus Digital Health, in partnership with Fairview Health Services and the University of Minnesota Health, announced the launch of digital oncology drugs for cancer patients, significantly helping to improve treatment outcomes. This digital technology helps patients complete a course of oral chemotherapy and provides clinicians with information about the patient.
- In March 2017, GENERAL ELECTRIC COMPANY announced that it had acquired Monica Healthcare, to expand its maternal and child care business division. This acquisition will contribute to innovations and improved product offerings for pregnant women and children worldwide. Monica Healthcare focuses on improving the birth experience for mothers through the use of wireless fetal monitors.
- an introduction
- Market segmentation
- Market Overview
- premium previews
- by component
- Product type
- industry type
- North Amarica
- Asia Pacific
- South america
- Middle East and Africa
- company view
- Company Profile
- Related Reports
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- Current and Future Prospects of the Global Internet of Medical Things (IoMT) Market in Developed and Emerging Markets
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