Increasing Healthcare Spending and Rising Adoption of Electronic Health Record Propelling the Growth of the Global IoT Healthcare Market

The global IoT healthcare market is anticipated to grow at a CAGR of 16.8% during the forecast period (2021-2027). The factors contributing to the growth of the market include the growing adoption of electronic healthcare records. For instance, according to the Journal of Medical Internet Research publications, the average adoption rates of electronic health of sampled hospitals in China increased from 18.6% to 85.3% from 2007 to 2018. Earlier the adoption rates were 6.1% in china that was 1500 hospitals as the country was facing major challenges of hospital digitalization. 

Browse the full report description Global IoT Healthcare Market Size, Share & Trends Analysis Report by Component (Hardware and Software & Services), Application (Patient Monitoring, Telemedicine, Connected Imaging, and others), End-ser (Healthcare Providers, Healthcare Payers, Research Laboratories) Forecast Period 2021-2027 at https://www.omrglobal.com/industry-reports/internet-of-things-iot-healthcare-market

Furthermore, the rising collaborations and partnerships among IT companies also drive the growth of the global IoT healthcare industry. For instance, in March 2018, Samsung and Royal Philips announced a strategic partnership in order to connect Samsung ARTIK smart IOT platform to Philips Health Suite Digital platform. This partnership allowed the Samsung ARTIK ecosystem to safely access and share information with Philips’s cloud platform. This collaboration enable the healthcare application developers to realizes interoperable connected health solutions with the help of integrated data sets and innovative health suite services. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component 

o By Application 

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Koninklijke Philips N.V., Allscripts Healthcare, LLC, General Electric Co., Siemens AG, Cerner Corp., IBM Corp., and others

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Penicillin and Streptomycin Acid Market Report Segment

By Component

• Hardware 
• Software & Services

By Application

• Patient Monitoring
• Telemedicine
• Connected Imaging
• Others

By End-User

• Hospitals & Clinics
• Clinical Research Organization
• Research Laboratories
• Others (Government organization)

Global IoT Healthcare Market Report Segment by Region