Infinium Global Research Internet of Things (IoT) in the Healthcare Sector | Page 2

A latest report has been added to the wide database of Internet of Things (IoT) in the Healthcare Sector Market by Infinium Global
Research. This report studies the Internet of Things (IoT) in the Healthcare Sector Market by component (medical devices, software
systems, services), by distribution channel (hospitals and clinics, CROS, research and diagnostic laboratories and others) market status
and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes
of different segments & countries in recent years and to forecast the values for the next six years. Internet of Things (IoT) in the
Healthcare Sector Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of
competitive landscape, latest trends, and product offerings of the major companies in the Internet of Things (IoT) in the Healthcare
Sector Market. Efficient remote health monitoring, reduction of patient’s hospital stay, increasing number of applications, advanced
disease management systems, improvement in patient monitoring and better patient outcomes are the key driving factors for the
growth of this market. In addition, rise in prevalence of chronic diseases, rise in base of aging population, growing preference for
remote clinical monitoring, and introduction of large number of smart wearables into the market is further expected to boost the
market growth in coming years. The technological advancements have streamlined and automated the critical practices of data
collection, electronic record maintenance, and data analysis to enable fast and accurate healthcare treatments. For example, products
such as fitness bands, smartglass wearables like google glass, NFC-enabled medical ID bracelet, medical jewelry are enabling
transmission of vital medical data form patient’s location to the medical staff in real time. Gradually, internet of things startups are
finding new applications within healthcare and leveraging connected sensors to better diagnose, monitor, and manage patients and
treatment. Many companies are focused on clinical-grade wearables to more robustly track patient data, while others see opportunity
for sensor networks within hospitals and practices to optimize healthcare delivery and monitor patient adherence. Lack of government
and regulatory body’s support, safety of patients, privacy issues, design encounters, and huge amount of patient’s data, which is a big
challenge for hospital IT to manage, are some of the key restraining factors that could hinder the market growth.
Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period
due to high awareness, large base of patients with greater affordability, rise in investments, and various initiatives by government in
the healthcare sector. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is
predominantly due to increased healthcare awareness, technological advancements, significant investments and growing awareness
among the population about the treatment options available in the market.