Global Internet of Medical Things (IoMT) Market Research and Forecast, 2018-2023

Global internet of medical things market, IoMT market size, share, market intelligence, company profiles, market trends, growth, strategy, research and analysis report, forecast 2018-2023

Global Internet of Medical Things market (IoMT) is predicted to grow at a significantly high growth rate during the forecast period (2018-2023). In the medical device industry, major growth has been observed as IoT based medical technology has been adopted widely in developed economies. The IoMT is a collection of medical devices and applications connected to healthcare IT systems via online computer networks. Currently, the most IoT initiatives in the medical industry have been revolving around the improvement of patient’s health including remote monitoring and telemonitoring. Large adoption of electronic health records (EHR) has been the major factor driving market growth. In 2016, more than 95% of hospitals were eligible for the Medicare and Medicaid EHR Incentive Program to have achieved meaningful use of certified health IT. Additionally, the presence of major market players such as Philips and GE healthcare and increasing healthcare spending act as major motivators of growth of the market.

High costs of IoT based medical devices along with lack of skilled professionals towards IOT technology act as major restraints for the market growth. The reason behind the high cost is the requirement of the installation of software, hardware, training fees, networking infrastructure, & IT support. However, increasing technological advancement supported by start-ups and rising demand for point of care medical devices countries are expected to drive the market growth during the forecast period.

Browse full report at Global Internet of Medical Things (IoMT) Market

The IoMT market has been segmented into North America, Asia-Pacific, Europe and Rest of the World. North America has been predicted to dominate the global Interne IoMT market due to well-established healthcare infrastructure and IT industry. Additionally, Asia-Pacific is expected to be the fastest growing region during the forecast period owing to rising digitalization in the healthcare sector and increasing adoption of EHR in the emerging countries.

The key players in the IoMT market are Cisco Systems Inc., Honeywell International Inc., IBM Corporation, Microsoft Corporation, Philips N.V. and so forth. Merger & acquisition, R&D, partnership and collaboration, and product launch, are the key strategies adopted by market players across the globe.  Philips is focused on the development of IoT enabled cardiac monitoring, remote patient communication devices, and sensor-related products, whereas GE Healthcare and Medtronic PLC are engaged in developing cloud-based technologies in existing monitoring devices and cardiac pacemakers.

The report covers

• Comprehensive research methodology of the global internet of medical things market.
• This report also includes a detailed and extensive market overview with Analyst insights & key market        trends.
• An exhaustive Analysis of macro and micro factors influencing the market guided by key                            recommendations.
• Analysis of regional regulations and other government policies impacting the global internet of                    medical things market.
• Insights about market determinants which are stimulating the global internet of medical things market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.

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