The Europe Internet of Things in Healthcare Market would witness market growth of 16.0% CAGR during the forecast period (2022-2028).
IoT is utilized for data gathering, processing for research purposes, and monitoring of electronic health records, including personally identifiable information. The internet of things in healthcare market is primarily driven by the growing use of IoT in hospitals and the acceptance of IoT in pharmaceuticals. IoT-connected healthcare applications help crucial tasks, such as improving patient outcomes and alleviating some of the workloads of healthcare professionals. IoT devices can enhance the capacity of physicians to provide care while ensuring the health and safety of their patients. In addition, various internet-connected monitoring and diagnosing gadgets for patients have been developed.
Monitoring health data is essential for most patients, regardless of whether the data is derived from electrocardiograms, blood glucose levels, fetal monitors, or temperature monitors. Most of these measurements require follow-ups with healthcare professionals, presenting an opportunity for smarter electronic devices to provide more relevant data by eliminating the requirement for direct physician-patient engagement. In hospital rooms, IoT technologies such as programmable thermostats and lighting controls improve patient comfort and provide carers more autonomy.
The increased prevalence of chronic conditions, like respiratory ailments, chronic obstructive pulmonary disease (COPD), and disorders, is anticipated to propel the growth of the markets in Germany and the United Kingdom. Moreover, as people become more conscious of the significance of physical fitness & health, there's an increasing demand for self-health management solutions. The greater availability of health information has increased demand for various wearable medical devices throughout the region. Europe is anticipated to expand during the projected period due to the usage of cutting-edge software and technology to make vital medical chores easier for patients. This will fuel market expansion.
The Germany market dominated the Europe 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 $40,296.4 million by 2028. The UK market is anticipated to grow at a CAGR of 15% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 16.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
By Application
By Connectivity Technology
By Component
By Country
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