Internet of Medical Things (IoMT) Market Size to Surpass USD … – GlobeNewswire
Pune, India, Oct. 06, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, The global internet of medical things (IoMT) market size is projected to reach USD 187.60 billion by 2028 and exhibit a CAGR of 29.5% during the forecast period. Increasing Product Launches to Boost Growth in North America, Key Players Emphasize New Product Launches to Garner Growth in the Market.
The growing expenditure on IoT in healthcare and the increasing technological advancement in healthcare information technologies are anticipated to boost the growth of the market. Fortune Business Insights has presented this information in its report titled, Internet of Medical things (IoMT) Market, 2021-2028. The market size stood at USD 41.17 billion in 2020.
The adoption of the 4G network has created lucrative growth opportunities for the market. The introduction of high-speed networks is likely to enhance the telehealth industry and empower market growth. The growing adoption of 5G networks is also expected to amplify the growth of the market in the upcoming years.
Request a Sample PDF:
https://www.fortunebusinessinsights.com/enquiry/sample/internet-of-medical-things-iomt-market-101844
Industry Developments-
Key Takeaways:
Key Players in the Internet of Medical Things market are:
COVID-19 Impact
The humanitarian crisis has significantly struck the healthcare industry. However, the demand for the internet of medical things has witnessed astronomical growth during the pandemic due to rapid digitization. The investments in healthcare have increased manifold during the pandemic. Virtual consultation has witnessed striking growth during the outbreak due to the fear of contracting the virus. As per an article by Onometra, there are approximately 48% of medical devices connected through the internet of things (IoT) in India. These numbers are expected to increase to 68% shortly. The market is projected to witness immense growth in the forthcoming years.
To know how our report can help streamline your business, Speak To Analyst:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-medical-things-iomt-market-101844
Drivers & Restraints-
Growing Investments in IoT in Healthcare to Fuel Market Growth
The internet of health things (IoMT) can reduce healthcare costs for governments and patients. The medtech companies with the internet of medical things focus on transforming the delivery of advanced healthcare to patients. The investments in the healthcare industry have significantly increased during the pandemic. The increasing investments in IoT to transform the healthcare sector are anticipated to bolster the global internet of medical things (IoMT) market growth.
The developments in mobile phone technology and the telecommunication industry are expected to create lucrative growth opportunities for the market. The adoption of the 4G network has created lucrative growth opportunities for the market. The introduction of high-speed networks and the growing adoption of 5G technology are likely to enhance the telehealth industry and empower market growth.
However, the risks of cyberattacks and data breaches loom large and may hinder the growth of the market.
Segmentation-
On the basis of product, the market is trifurcated into wearable external medical devices, implanted medical devices, and stationary medical devices. On the basis of application, the market is segmented into patient monitoring, medication management, telemedicine, and others. On the basis of end-user, the market is fragmented into government authorities, patients, healthcare providers, and others. Geographically, the market is classified into five major regions- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage-
Quick Buy - Internet of Medical Things (IoMT) Market Research Report:
https://www.fortunebusinessinsights.com/checkout-page/101844
Regional Insights-
Increasing Product Launches to Boost Growth in North America
North America is anticipated to gain the largest portion of the global internet of medical things (IoMT) market share. The increasing launch of ingenious products and the growing adoption of remote patient observation devices are expected to boost the growth of the market. Additionally, the robust sales of IoMT products and solutions in the U.S. are likely to stimulate the markets growth.
Europe is expected to witness the second-highest growth in the global market due to the rising government initiatives to boost the adoption of IoMT solutions in the healthcare industry.
Asia Pacific is projected to witness growth with the highest CAGR. The rising healthcare expenditure and the strong government support for the approval and launch of IoMT devices are anticipated to bolster the growth of the market.
The Middle East & Africa, and Latin America are likely to gain considerable growth due to improving investments in the healthcare industry and the growing awareness for IoMT devices and solutions.
Competitive Landscape-
Key Players Emphasize New Product Launches to Garner Growth in the Market
The market is fairly fragmented and comprises several key players, including Johnson & Johnson, Medtronic, Siemens Healthline, and Koninklijke Philips N.V., with the largest shares in the market. The key players focus on the development of new products, patents, technological advancements, collaborations, acquisitions, mergers, and others to generate greater revenues and improve their market presence. Most recently, Philips and Cognizant signed a collaborative agreement in July 2021 to develop end-to-end digital solutions. The collaboration is aimed to accelerate clinical trials and enhance patient care.
Table Of Contents :
Toc Continue
Ask for Customization of this Report:
FAQs :
What is the Internet of Things in healthcare market?
What is the key factor driving the market?
Related Reports:
Real World Evidence Solutions Market Size, Share, Revenue Forecast and Opportunities
Orthokeratology Lens Market Overview, Industry Share and Forecast
Flow Cytometry Market Size, Share, Opportunities & Analysis
Artificial Intelligence (AI) in Healthcare Market Analysis, Global Size and Industry Share Forecast
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:sales@fortunebusinessinsights.com
Go here to read the rest:
Internet of Medical Things (IoMT) Market Size to Surpass USD ... - GlobeNewswire
- Meet The Founder of a Black-Owned Digital Marketing Agency Devoted to Helping Black Businesses Thrive Online - The Citizen Newspaper Group - November 23rd, 2024 [November 23rd, 2024]
- Internet of Everything Market to reach a market size of USD 59.40 billion by 2030 - openPR - November 23rd, 2024 [November 23rd, 2024]
- 24 AI marketing tools your team should be using in 2025 - Sprout Social - November 17th, 2024 [November 17th, 2024]
- U.S. B2B CMOs' expected change in ad spend 2024 - Statista - November 17th, 2024 [November 17th, 2024]
- Meet the Founder of a Black-Owned Digital Marketing Agency Devoted to Helping Black Businesses Thrive Online - BlackNews.com - November 12th, 2024 [November 12th, 2024]
- Digital advertising spending in the United Kingdom (UK) from 2007 to 2020 - Statista - November 12th, 2024 [November 12th, 2024]
- MyOnlineMarketer.co.uk and The Funnel Guys Announce Strategic - openPR - November 12th, 2024 [November 12th, 2024]
- Digital Marketing Services Market Growing Popularity and Emerging Trends in the Industry - openPR - November 12th, 2024 [November 12th, 2024]
- Web Marketing Association's 23rd IAC Awards to Name Best Online Advertising Campaigns - PR.com - November 5th, 2024 [November 5th, 2024]
- All the tools of the trade: Digital Marketing Lab provides space for experience and experimentation - Bryant University - November 5th, 2024 [November 5th, 2024]
- Online payments and ordering company Tech 2 Success Acquires Supply Wizards - Vending Market Watch - November 5th, 2024 [November 5th, 2024]
- In Depth: AI Is Taking Internet Advertising by Storm, but at What Cost? - Caixin Global - November 5th, 2024 [November 5th, 2024]
- Reinventing the Digital Agency Model with a Global Marketplace of On-Demand Experts - GP Bullhound - November 5th, 2024 [November 5th, 2024]
- Top Affiliate Marketing Trends To Leverage This Year (2024) - Shopify - October 23rd, 2024 [October 23rd, 2024]
- Mobile Internet Marketing Market is Set to Experience a Revolutionary Growth | Google, Facebook, Twitter, LinkedIn - openPR - October 12th, 2024 [October 12th, 2024]
- IoT Internet Service Market Size and Industry Growth Analysis - News in Assen - October 12th, 2024 [October 12th, 2024]
- Below-the-Line Advertising: Definition and Use in Marketing - Investopedia - October 11th, 2024 [October 11th, 2024]
- Meet The 7 Most Popular Search Engines In The World - Search Engine Journal - October 11th, 2024 [October 11th, 2024]
- Agricultural Internet of Things Platform Market Business Insights, Key Trend Analysis - News in Assen - October 11th, 2024 [October 11th, 2024]
- New Trends of Internet Of Medical Things (IoMT) Market - openPR - October 11th, 2024 [October 11th, 2024]
- Teleoperation and Telerobotics in Industrial Internet of Things (IIoT) Market Growth Factors & Key Statistics - News in Assen - October 3rd, 2024 [October 3rd, 2024]
- Is the word 'Google' losing its shine as search pivots? - Marketing Interactive - September 28th, 2024 [September 28th, 2024]
- My summer well spent: Studying digital marketing in the Czech Republic - Xi'an Jiaotong-Liverpool University - September 21st, 2024 [September 21st, 2024]
- Why is the internet overflowing with rubbish ads and what can we do about it? - The Conversation Indonesia - September 21st, 2024 [September 21st, 2024]
- Juice Media Expands Mobile and Digital Marketing Capabilities Through Acquisitions of Mooko and MDG - PR Newswire - September 19th, 2024 [September 19th, 2024]
- In-flight Internet Market worth $2.1 Billion by 2029, at a CAGR of 5.7% - openPR - September 19th, 2024 [September 19th, 2024]
- AI and SEO: Shaping the Future of Content Optimization with Melih Oztalay - mitechnews.com - September 16th, 2024 [September 16th, 2024]
- Internet Advertising Market Valuation Set to Skyrocket to Reach US$ 6,088.57 Billion By 2032 | Cost Per Thousand Model to Remain at Top and Most... - September 14th, 2024 [September 14th, 2024]
- Why connectivity is key to the expanding in-car internet market - Vodafone - September 14th, 2024 [September 14th, 2024]
- Satellite Internet Market From USD 6.55 Billion in 2023 to USD - openPR - September 14th, 2024 [September 14th, 2024]
- Internet of Things in Automotive Market Set to Surge from USD128.09 Billion to USD 671.37 Billion by 2030" - openPR - September 12th, 2024 [September 12th, 2024]
- Cascade Web Solutions: Elevating Digital Presence for Local Businesses in the Pacific Northwest - openPR - September 12th, 2024 [September 12th, 2024]
- Unlocking Business Potential in India: The Power of Marketing in Indian Languages - Big News Network - September 8th, 2024 [September 8th, 2024]
- Global Satellite Internet Market Research Methodologies: Best Practices and Tools - Third Eye News - September 8th, 2024 [September 8th, 2024]
- 23 Effective Ways To Make Money Online (2024) - Shopify - September 6th, 2024 [September 6th, 2024]
- Your Guide to the Top Digital Marketing Agencies in New York for September 2024. - - VENTS Magazine - September 6th, 2024 [September 6th, 2024]
- The Best SEO Conferences For 2024-2025 (Virtual And In-Person) - Search Engine Journal - August 14th, 2024 [August 14th, 2024]
- Healthcare Digital Industry Growth Factors, Applications, and Forecast by (2024-2034) - - August 14th, 2024 [August 14th, 2024]
- Starlink innovates and forges partnerships, aims to dominate satellite internet market - DIGITIMES - July 15th, 2024 [July 15th, 2024]
- Healthcare Pay-Per-Click (PPC): Minimize Ad Spending Costs - AccessWire - July 15th, 2024 [July 15th, 2024]
- How AI is shaping the digital marketing landscape in 2024 - DM News - July 15th, 2024 [July 15th, 2024]
- Top 27 Sports Marketing Agencies Taking the Lead in 2024 - Influencer Marketing Hub - July 15th, 2024 [July 15th, 2024]
- In-flight Internet Market Set to Grow at the Fastest Rate- Time to Grow your Revenue - openPR - June 25th, 2024 [June 25th, 2024]
- Veteran Marketing Firm Screen Pilot Expands into the United Kingdom - Hotel News Resource - May 23rd, 2024 [May 23rd, 2024]
- Hilarious new TikTok advertising trend is peak Gen Z - Creative Bloq - May 1st, 2024 [May 1st, 2024]
- Sports partnerships in the era of streaming services - Optimising Digital and Offline Marketing - Indiantelevision.com - May 1st, 2024 [May 1st, 2024]
- The AI Revolution: News and Tools for Business with Melih Oztalay - mitechnews.com - April 8th, 2024 [April 8th, 2024]
- Top 100 Digital Marketing Interview Questions and Answers for 2024 - Simplilearn - March 28th, 2024 [March 28th, 2024]
- Connecting the Dots: The Role of Affiliate Platforms in Modern Marketing - Luxury Lifestyle Magazine - March 28th, 2024 [March 28th, 2024]
- Digital Marketing Spending Market size is set to grow by USD 353.53 bn from 2024-2028,shift in consumer behavior ... - PR Newswire - March 28th, 2024 [March 28th, 2024]
- Top 15 Digital Marketing Software Tools To Try Out - Influencer Marketing Hub - March 20th, 2024 [March 20th, 2024]
- Google Assistant's evolution: Is this the new search? - Napa Valley Register - February 6th, 2024 [February 6th, 2024]
- Overcoming Entrepreneurial Fear: Essential Strategies for New Business Owners - December 28th, 2023 [December 28th, 2023]
- Who Is Ross Kernez, the Internet Marketing Expert? - OK! - November 9th, 2023 [November 9th, 2023]
- Athletic Brewing Company Partners with Viral Internet Granny to ... - PR Newswire - November 9th, 2023 [November 9th, 2023]
- The Current State of AI - Elmhurst College - November 9th, 2023 [November 9th, 2023]
- The Tech Stocks That Will Eventually Become the New Magnificent ... - InvestorPlace - November 9th, 2023 [November 9th, 2023]
- Wilkinsburg tries to demolish 'deplorable' buildings, avoid ... - TribLIVE - November 9th, 2023 [November 9th, 2023]
- Atlas 5 launches Amazon Kuiper satellites for tests of space-based ... - Spaceflight Now - October 11th, 2023 [October 11th, 2023]
- Federal Judge Throws Out $32.5 Million Win For Sonos Against ... - Slashdot - October 11th, 2023 [October 11th, 2023]
- [New Report] Internet of Things in Retail Market Set to Surge ... - GlobeNewswire - September 7th, 2023 [September 7th, 2023]
- Global Consumer Internet of Things (IoT) Market Size to Reach USD ... - GlobeNewswire - September 7th, 2023 [September 7th, 2023]
- Team Internet Group looks to AI initiatives to drive digital marketing ... - Proactive Investors UK - September 7th, 2023 [September 7th, 2023]
- The global internet of medical thing market is expected to reach an ... - GlobeNewswire - September 7th, 2023 [September 7th, 2023]
- How SRK's Jawan is winning the brand integration 'jung' - Exchange4Media - September 7th, 2023 [September 7th, 2023]
- Reshaping biopharma marketing with point-of-care messaging - MM+M Online - September 7th, 2023 [September 7th, 2023]
- The Truth About Gigs, Gs and Other Internet Marketing Jargon - Forest Grove News times - August 28th, 2023 [August 28th, 2023]
- Fall SCORE Webinars Can Help Keep Your Business Out Front - VISTA.Today - August 28th, 2023 [August 28th, 2023]
- St International Holdings Company Limited Announces Executive ... - Marketscreener.com - August 28th, 2023 [August 28th, 2023]
- This agency's 'clean graffiti' is stunning the internet - Creative Bloq - August 28th, 2023 [August 28th, 2023]
- Semiconductor Wireless Sensor Internet of Things Market Size to ... - Taiwan News - August 28th, 2023 [August 28th, 2023]
- Enabling innovation: Microsoft at Automotive News World Congress ... - Microsoft - August 28th, 2023 [August 28th, 2023]
- Best imaXcash Affiliates Review | Massive 70% Rev Share on ... - Born2Invest - August 28th, 2023 [August 28th, 2023]
- Proceed Innovative Reaches One Year Anniversary as the Preferred ... - PR Web - August 1st, 2023 [August 1st, 2023]
- Innovative Marketing Expands Internet Marketing Service in Houston ... - Digital Journal - August 1st, 2023 [August 1st, 2023]
- Industrial Internet Market is Expected to Reach at a CAGR of 9.40 ... - University City Review - August 1st, 2023 [August 1st, 2023]
- Internet of Vehicles Market Size to Hit USD 678.94 Billion by 2030 ... - GlobeNewswire - August 1st, 2023 [August 1st, 2023]
- Internet Protocol (IP) TV Market is Set to Experience a Revolutionary ... - University City Review - August 1st, 2023 [August 1st, 2023]
- Internet of Everything (IoE) Market A Comprehensive Study Explores ... - Taiwan News - August 1st, 2023 [August 1st, 2023]
- Navigating the internet of (too many) things: contending with digital ... - Transform magazine - August 1st, 2023 [August 1st, 2023]