The Asia Pacific Internet of Things in Healthcare Market would witness market growth of 17.5% CAGR during the forecast period (2022-2028).
The rising popularity of smart devices as well as wearables in healthcare services, such as glucometers, tablets, smartwatches, smartphones, headphones, heart rate cuffs, bands, and others, is broadening the scope of the internet of things, particularly in healthcare, where remote access to patients is of particular importance. In addition, the tracker system in these gadgets permits access to patients in an emergency by transmitting medical assistance-requesting emergency notifications.
The expansion of the internet of things in healthcare market is projected to be fueled by advances in smartphone technology for disease detection improvement. Furthermore, cell phones offer advantages such as large storage capacity, usability, and mobility, making them the ideal solution for monitoring & diagnostic services. Increasing affordability and falling hardware prices are increasing the demand for smartphones, which is anticipated to fuel the market's expansion.
The healthcare business is increasingly shifting from institution-centered care delivery to patient-centered care delivery. This is accelerating the use of various technologies that facilitate caregiver-patient interactions and the collection of essential health data to facilitate treatment decisions. Even patients are requesting more and more tools and platforms that offer access to their health data and facilitate better communication with providers regarding factors influencing their health. This accelerates using connected medical devices and wearables, allowing providers to obtain essential medical data and give individualized health solutions.
Due to the rapid development of Internet and mobile technologies, China has surpassed the rest of the world in some aspects of these technologies (such as 5G) and their application to different sectors of societal development, such as healthcare. In addition, the obligation to avoid patient-doctor interaction during COVID-19 (to reduce infections) has greatly pushed telemedicine services (especially mHealth) worldwide. Numerous regional nations have recently witnessed the rapid acceptance of mHealth services, which will likely be a part of the future healthcare scene. As a result of these factors, the internet of things in healthcare market in the Asia-Pacific region is expected to experience substantial expansion.
The China market dominated the Asia Pacific Internet of Things in Healthcare Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $39,664 million by 2028. The Japan market is experiencing a CAGR of 16.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 18.2% during (2022 - 2028).
Based on End-use, the market is segmented into Hospitals & Clinics, Clinical Research Organizations and Research, Diagnostic Laboratories & Others. Based on Application, the market is segmented into Telemedicine, Patient Monitoring, Connected Imaging, Clinical Operations, Medical Management and Others. Based on Connectivity Technology, the market is segmented into Cellular, Wi-Fi, Bluetooth & Zigbee, RFID and LPWANs. Based on Component, the market is segmented into Medical Devices, System & Software and Services. Based on Medical Devices Type, the market is segmented into Stationary Medical Devices, Implanted Medical Devices and Wearable External Devices. Based on System & Software Type, the market is segmented into Remote Device Management, Network Bandwidth Management, Application Security & Network Security and Data Analytics. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Internet of Things in Healthcare Market is Projected to reach USD 606.7 Billion by 2028, at a CAGR of 16.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Cisco Systems, Inc., GE HealthCare Technologies, Inc., Microsoft Corporation, SAP SE, Infosys Limited, Oracle Corporation (Cerner Corporation), Qualcomm Inc. (Qualcomm Technologies, Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), Wipro Limited, and Intel Corporation.
By End-use
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By Connectivity Technology
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