Inpatient management in 2017 held the maximum share in the global Inpatient management in 2017 held the maximum shar | Page 2

obesity, diabetes and hypertension that are boosting the demand for
technologically advanced medical devices.
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New tech generation connected medical devices enabling real-time
patient monitoring; thereby, helping the medical professionals to swiftly
respond to the patients’ needs.
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The growing geriatric population, and the high unmet medical needs for
home healthcare and long-term healthcare services.
Furthermore, increasing adoption of new generation medical devices at
hospitals and clinics, growing incidence of chronic diseases, rising
technological advancement and spending on healthcare facilities across the
globe have led to the burgeoning market growth of healthcare IoT market.
Medical device product type is expected to dominate the global healthcare
IoT marketduring the forecast period. In 2017, more than half of the market
share was held by the medical device. However, systems and software
product type is expected to witness the fastest growth rate in the coming
years on account of growing adoption among healthcare professionals and
patients due to extreme advancement in technology.
The healthcare practitioners are using technology platforms to serve the
growing hospital and patient needs. Additionally, numerous routine activities
such as patient data recording, storage of data and data analysis have been
streamlined using software’s and cloud storage systems, leading to
significant reduction in healthcare operational costs and errors. The
penetration of technologically advanced connected medical devices,
introduction of smart phones, and use of software automation, to enable
faster and accurate patient testing, and provide better accuracy, ease of
usage & portability is expected to serve Internet of Things in healthcare
market as high-impact rendering driver over the forecast period.
“Market leaders and key players consistently investing in research &
development activities to keep their leadership in the competitive healthcare
IoT market. Further, the healthcare IoT market is witnessing significant
growth in Asia-Pacific due to growing number of chronic disease population in