Global Internet of Medical Things (IoMT) Market is estimated to grow from USD 56.23 Billion in 2019 to reach USD 415.35 Billion by 2027, at a CAGR of 28.5 % during the forecast period from 2020-2027.
2. Internet-of-Medical-Things
(IoMT) Market Size 2020-
2027
Market Size
2019
USD 56.23
Billion
Market Size
2027
USD
415.35
Billion
CAGR
28.5
%
Leading
Region
North America
North
America
Latin
America
Middle East
and Africa
Asia
Pacific
Europe
3. The Internet of Medical Things (IoMT) is
enables medical devices to connect with
the healthcare information technology
systems with the use of networking
technologies. IoMT helps to connect
patients to healthcare systems and their
physicians and helps reduce unessential
hospital visits allowing exchange of
medical data over a secure network.
Market
Overview
: At regional level, North America
contributed for about 32% of the market
in 2019. This large share is attributed to
availability of advanced healthcare
infrastructure, favorable reimbursement
scenarios, presence of major market
players, faster adoption of newer
technologies. Europe was second leading
regional internet of medical things
(IoMT) market.
4. • Rapid penetration of
connected devices
• Increasing adoption of
wearable devices and
growing preference for
real time monitoring
• Evolution fast speed
internet and networking
technologies
Market Drivers
• Technological
advancements
• Increasing health
awareness and
innovation
Market
Opportunities
• Lack of professional
with suitable IoT
technology skills
• High infrastructure
deployment cost
Market
Restraint
Market Drivers, Restraint,
Opportunities:
5. By Region
By
Application
By Deployment
mode
By Component
Market
Segmenta
tion
All the segments are
evaluated by taking into
consideration the historic and
future trends. All the
segments with the
dominating & fastest growing
sub-segments and the factors
responsible for the same are
studied and are mentioned in
the report.
6. Internet-of-Medical-Things (IoMT)
Market Segmentation Analysis
By Component: (Medical Devices,Smart
Wearable Devices,Home Use Medical
Devices,Point of Care Kits)
01
By Deployment mode: (On-
Premise Based
Services,Cloud-Based
Services)
02
By Application (Real-Time Monitoring,End-to-End
Connectivity,Data Assortment & Analysis,Tracking &
Alerts,Remote Medical Assistance)
03
By regional North America,
Europe, Asia Pacific, Latin
America Middle East and Africa
04
7. Key Player
Analysis
Company Share & Revenue, Strategy,
Product Portfolio
Competitive landscape and
dynamics:
Market share, product portfolio,
product launches, etc.
Market environment
analysis:
Growth drivers and constraints,
Porter’s five forces analysis, SWOT
analysis
Market
structure:
Overview, industry life cycle analysis,
supply chain analysis
Key Features of the Report