Global Internet-of-Medical-Things (IoMT) Market
An excellent Internet-of-Medical-Things (IoMT) Market research report has been organized with most up-to-date insight and analysis to give maximum benefits to the Healthcare industry. Additionally, this industry analysis report has been structured by keeping in mind all the foremost aspects of the market research that put forth market landscape simply into focus. Besides, this report also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. All the data, statistics, and information collected in this market analysis report has been studied and analyzed with the demonstrated tools and techniques such as SWOT analysis and Porter’s Five Forces analysis.
Internet-of-Medical-Things (IoMT) Market business research report encompasses the key developments in the market with respect to current scenario and the forthcoming advancements. This top notch report has been prepared by taking into account several aspects of marketing research and analysis which includes market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. Hence the credible Internet-of-Medical-Things (IoMT) Market document has been provided with the comprehensive market insights and analysis that offers advanced perspective of the market place.
Global Internet-of-Medical-Things (IoMT) market is expected to register a CAGR of 38.67% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the efficiency of resources and available infrastructure due to the usage of IoMT.
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Key Market Competitors:
Few of the major competitors currently working in the global Internet-of-Medical-Things (IoMT) market are LifeFuels Inc.; GENERAL ELECTRIC COMPANY; CARRÉ TECHNOLOGIES INC.; Breathometer Inc.; Medtronic; Meru Health, Inc.; Boston Scientific Corporation; Atlas Wearables, Inc.; Proteus Digital Health; NeuroMetrix, Inc.; Honeywell International Inc.; VitalConnect; Ekso Bionics; BL Healthcare, Inc; BioSerenity; Preventice Solutions, Inc.; Lenovo; Vitls Inc.; AliveCor, Inc. and Chrono Therapeutics Inc.
Competitive Analysis:
Global Internet-of-Medical-Things (IoMT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Internet-of-Medical-Things (IoMT) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Internet-of-Medical-Things (IoMT) Market By Product Type (Smart Wearable Devices, Home-Use Medical Devices, Point-Of-Care Kits), Services (On-Premise Based Services, Cloud-Based Services)Application (Real-Time Monitoring, End-to-End Connectivity, Data Assortment & Analysis, Tracking & Alerts, Remote Medical Assistance),End-User (Hospitals & Clinics, Research Institutes & Academics, Homecare) , Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Definition: Global Internet-of-Medical-Things (IoMT) Market
Internet- of- Medical- Things (IoMT) is a specific category of applications of the Internet of Things for healthcare services. This technology enables the interconnectivity of medical devices over a common network which results in exchange of valuable patient information helping in better delivery of healthcare services. IoMT involves designing of specified health solutions depending on the data collected through wearable medical devices.
Market Drivers
Increasing adoption of wearable devices and real-time healthcare service provision with the adoption of IoMT; this factor is expected to drive the market growth
Cutback on expenditure incurred by patients due to a reduction of visitation to the physician, as IoMT helps in continuous monitoring of health in individuals
Market Restraints
Concerns regarding privacy of data amid growing levels of hacking and unauthorized access; this factor is expected to restrain the market growth
Concerns associated with the lack of infrastructure and requirement of skilled professionals; this factor is expected to restrain the growth of the market
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Key Developments in the Market:
In January 2019, Proteus Digital Health in partnership with Fairview Health Services and University of Minnesota Health announced the launch of digital oncology medicines for cancer patients significantly helping in improving the outcomes of treatment. This digital technology helps the patients in completing their oral chemotherapy course and provides physician’s with patient information.
In March 2017, GENERAL ELECTRIC COMPANY announced that they had acquired Monica Healthcare, expanding their Maternal-Infant Care business division. This acquisition will help in innovations and enhanced product offerings for expecting mothers and babies globally. Monica Healthcare is focused on improving the birth experience for mothers by involving the usage of wireless fetal monitoring devices.
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Reasons to Purchase this Report
Current and future of global Internet-of-Medical-Things (IoMT) market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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