The global Internet of Medical Things (IoMT) Market was valued at USD 44,565.6 million in 2018 and is expected to reach USD 254,233.6 million in 2026, growing at a CAGR of 24.4% during the forecast period (2016-2026).
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Internet of Medical Things (IoMT) Market Segmentation |
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By Product |
1. Smart Wearable Devices |
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2. Home-Use Medical Devices |
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3. Point-Of-Care Kits |
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By Application |
1. Real-Time Monitoring |
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2. End-To-End Connectivity |
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3. Data Assortment And Analysis |
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4. Tracking And Alerts |
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5. Remote Medical Assistance |
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By Region |
1. North America (US and Canada) |
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2. Europe (UK, Germany, France and Rest of Europe) |
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3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) |
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4. Latin America (Brazil, Mexico and Rest of Latin America) |
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5. Middle East & Africa (GCC and Rest of Middle East & Africa) |
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Internet of medical things (IoMT) is a connected infrastructure of medical devices, software applications, and health systems & services, which is rapidly transforming the medical technology’s role within health care. Internet of medical things is enabling health care organizations to streamline their clinical, workflow management and improve patient care from remote locations.
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The growth of the Internet of medical things (IoMT) market is primarily driven by the increasing adoption of sensor-based technologies, wearable or stand-alone devices for patients monitoring and asset management. Also, changing the lifestyle of consumers and increasing concerns towards health and related activities is likely to boost the adoption of the internet of medical things in the coming years. However, high cost associated with the internet of medical things devices such as installation software, hardware maintenance, and the network is the major barrier for the growth of this market. Also, lack of skilled professionals likely to hamper the market growth to a certain extent.
The smart wearable devices segment expected to dominate the market throughout the forecast period
Based on product, the global Internet of medical things (IoMT) market has been segmented into smart wearable devices, home-use medical devices, and point-of-care kits. The smart wearable devices accounted for approximately 27% of the share in the global Internet of medical things (IoMT) market in 2018. Point-of-care kits accounted highest CAGR of around 30% in the global Internet of medical things (IoMT) market during the forecast period.
Based on application, the tracking and alerts segment is expected to grow at a CAGR of around 31% throughout the forecast period
Based on application, the market has been segmented into real-time monitoring, end-to-end connectivity, data assortment and analysis, tracking and alerts, and remote medical assistance. The real-time monitoring application segment accounts of the largest share in the market and are expected to grow at a CAGR of around 25% during the forecast period.
While the tracking and alerts application segment is expected to hold the CAGR of nearly 31% during the forecast period. The increasing adoption of wearable devices such as smart watched and wearable patches by end-users and healthcare professionals to monitor the daily activities or the drug response is expected to increase the market share of this segment in near future. However, the technical challenges such as hacking and unauthorized use of IoT, Errors inpatient data handling and Data overload on healthcare facility are expected the hamper the growth of the sales from tracking and alerts in the global market.
North America to dominate the Internet of medical things (IoMT) market throughout the forecast period
North America accounted for nearly 43% share of the global Internet of medical things (IoMT) market in 2018 and is expected to dominate the market throughout the forecast period. The rapid growth in technological advancement, and well-established healthcare and IT infrastructure are the major driving factor for the region in the global market. Moreover, the increased awareness and high adoption rate of such technologies increase its dominance in the global Internet of medical things (IoMT) market in future
Asia Pacific is expected to hold the highest CAGR in the global market during the forecast period due to growing awareness, changes in lifestyle, and improving diagnostic facilities. Also, changing government policies, growing aging population and wade availability of IoMT devices would also contribute to the growth of Asia Pacific segment during the forecast period.
Company Profiles and Competitive Intelligence:
The major players operating in the global Internet of medical things (IoMT) market are GE healthcare, Koninklijke Philips N.V., Medtronic MiniMed, Inc., LifeFuels Inc., Meru Health, Inc., Breathometer Inc., Carre Technologies Inc., Apple, Inc., Honeywell International, Inc , IBM Corp., Wimm Labs, Sony, Nike, Amiigo, Sano Intelligence, iRhythm, and Hexoskin among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Internet of Medical things (IoMT) Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Internet of Medical things (IoMT) Market
1.3. Market Dynamics
1.4. Global Internet of Medical things (IoMT) Market, by Segment, 2018
1.4.1. Global Internet of Medical things (IoMT) Market, by Product, 2018, (USD Million)
1.4.2. Global Internet of Medical things (IoMT) Market, by Application, 2018, (USD Million)
1.4.3. Global Internet of Medical things (IoMT) Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Internet of Medical things (IoMT) Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Internet of Medical things (IoMT) Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increasing adoption of sensor-based technologies
2.2.2. Wearable or stand-alone devices for patients monitoring and asset
2.2.3. Increasing concerns towards health and related activities
2.3. Market Restraints
2.3.1. Lack of skilled professionals
2.4. Market Opportunities
2.4.1. Changing the lifestyle of consumers
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Internet of Medical things (IoMT) Market, by Product
3.1. Market Overview, by Product
3.1.1. Global Internet of Medical things (IoMT) Market, by Product, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Product, 2018
3.2. Smart Wearable Devices
3.2.1. Global Internet of Medical things (IoMT) Market, by Smart Wearable Devices, 2016-2026, (USD Million)
3.3. Home-use Medical Devices
3.3.1. Global Internet of Medical things (IoMT) Market, by Home-use Medical Devices, 2016-2026, (USD Million)
3.4. Point-of-care kits
3.4.1. Global Internet of Medical things (IoMT) Market, by Point-of-care kits, 2016-2026, (USD Million)
Chapter 4 Global Internet of Medical things (IoMT) Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Internet of Medical things (IoMT) Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Real time monitoring
4.2.1. Global Internet of Medical things (IoMT) Market, by Real time monitoring, 2016-2026, (USD Million)
4.3. End-to-end connectivity
4.3.1. Global Internet of Medical things (IoMT) Market, by End-to-end connectivity, 2016-2026, (USD Million)
4.4. Data assortment and analysis
4.4.1. Global Internet of Medical things (IoMT) Market, by Data assortment and analysis, 2016-2026, (USD Million)
4.5. Tracking and alerts
4.5.1. Global Internet of Medical things (IoMT) Market, by Tracking and alerts, 2016-2026, (USD Million)
4.6. Remote medical assistance
4.6.1. Global Internet of Medical things (IoMT) Market, by Remote medical assistance, 2016-2026, (USD Million)
Chapter 5 Global Internet of Medical things (IoMT) Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Internet of Medical things (IoMT) Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Internet of Medical things (IoMT) Market
5.3.1. North America Internet of Medical things (IoMT) Market, by Product, 2016-2026 (USD Million)
5.3.2. United States Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.3.3. Canada Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.4. Europe Internet of Medical things (IoMT) Market
5.4.1. Europe Internet of Medical things (IoMT) Market, by Product, 2016-2026 (USD Million)
5.4.2. United Kingdom Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.4.3. Germany Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.4.4. France Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.4.5. Rest of Europe Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.5. Asia Pacific Internet of Medical things (IoMT) Market
5.5.1. Asia Pacific Internet of Medical things (IoMT) Market, by Product, 2016-2026 (USD Million)
5.5.2. China Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.5.3. Japan Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.5.4. India Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.5.5. Rest of Asia Pacific Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.6. Latin America Internet of Medical things (IoMT) Market
5.6.1. Latin America Internet of Medical things (IoMT) Market, by Product, 2016-2026 (USD Million)
5.6.2. Brazil Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.6.3. Mexico Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.6.4. Rest of Latin America Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Internet of Medical things (IoMT) Market
5.7.1. Middle East & Africa Internet of Medical things (IoMT) Market, by Product, 2016-2026 (USD Million)
5.7.2. GCC Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
5.7.3. Rest of Middle East & Africa Internet of Medical things (IoMT) Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Product
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 7 Company Profiles
7.1. GE Healthcare
7.1.1. GE Healthcare Overview
7.1.2. GE Healthcare Products Portfolio
7.1.3. GE Healthcare Financial Overview
7.1.4. GE Healthcare News/Recent Developments
7.2. Koninklijke Philips N.V.
7.2.1. Koninklijke Philips N.V. Overview
7.2.2. Koninklijke Philips N.V. Products Portfolio
7.2.3. Koninklijke Philips N.V. Financial Overview
7.2.4. Koninklijke Philips N.V. News/Recent Developments
7.3. Medtronic MiniMed, Inc
7.3.1. Medtronic MiniMed, Inc Overview
7.3.2. Medtronic MiniMed, Inc Products Portfolio
7.3.3. Medtronic MiniMed, Inc Financial Overview
7.3.4. Medtronic MiniMed, Inc News/Recent Developments
7.4. LifeFuels Inc.
7.4.1. LifeFuels Inc. Overview
7.4.2. LifeFuels Inc. Products Portfolio
7.4.3. LifeFuels Inc. Financial Overview
7.4.4. LifeFuels Inc. News/Recent Developments
7.5. Meru Health, Inc.
7.5.1. Meru Health, Inc. Overview
7.5.2. Meru Health, Inc. Products Portfolio
7.5.3. Meru Health, Inc. Financial Overview
7.5.4. Meru Health, Inc. News/Recent Developments
7.6. Breathometer Inc.
7.6.1. Breathometer Inc. Overview
7.6.2. Breathometer Inc. Products Portfolio
7.6.3. Breathometer Inc. Financial Overview
7.6.4. Breathometer Inc. News/Recent Developments
7.7. Carre Technologies Inc.
7.7.1. Carre Technologies Inc. Overview
7.7.2. Carre Technologies Inc. Products Portfolio
7.7.3. Carre Technologies Inc. Financial Overview
7.7.4. Carre Technologies Inc. News/Recent Developments
7.8. Apple, Inc.
7.8.1. Apple, Inc. Overview
7.8.2. Apple, Inc. Products Portfolio
7.8.3. Apple, Inc. Financial Overview
7.8.4. Apple, Inc. News/Recent Developments
7.9. Honeywell International, Inc
7.9.1. Honeywell International, Inc Overview
7.9.2. Honeywell International, Inc Products Portfolio
7.9.3. Honeywell International, Inc Financial Overview
7.9.4. Honeywell International, Inc News/Recent Developments
7.10. IBM Corp
7.10.1. IBM Corp Overview
7.10.2. IBM Corp Products Portfolio
7.10.3. IBM Corp Financial Overview
7.10.4. IBM Corp News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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