IoT Sensors in Healthcare Market is anticipated to touch US$ 12.5 Bn by 2032 – Persistence Market Research

Market Study on IoT Sensors in Healthcare: Increasing Adoption of Wearable Devices to Aid Market Expansion


New York, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The global IoT sensors in healthcare market is valued at US$ 3.8 Bn in 2022 and is anticipated to touch US$ 12.5 Bn by 2032, expanding at a high-value CAGR of 12.6% from 2022 to 2032.

From monitoring and diagnostics to delivery methods, IoT sensors in healthcare combine sensor output and communications to provide functions that were considered conceptual, until recently. IoT sensors in healthcare enable medical equipment to accumulate and share data with the cloud as well as each other, in order to facilitate the accumulation of data that is analyzed with accuracy at breakneck speeds. IoT sensors in healthcare are wearable, cloud-based, or device embedded.

With advancements in IoT sensors in healthcare and healthcare IT, the industry now includes a dynamic collection of patient data in order to foster diagnostics and preventive care, and even measure the probable outcome of the preventive treatment.

Patient monitoring applications of IoT sensors in healthcare include IoT-enabled sensors integrated in healthcare equipment that monitor the condition of the patient during and after a surgery or a treatment. Such sensors also the enable remote monitoring of patients. Diagnostics-based IoT sensors in healthcare are integrated in automated and network connected instrument guidance and measurement sensors, usually used during minor as well as major surgical treatments.

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IoT sensors in healthcare are integrated in medical devices such as automatic medication dispensers in hospitals to enhance efficiency. Such sensors are also used to monitor the medicinal cold storage in warehouses and well-funded drug stores with storage spaces. Other applications of IoT sensors in healthcare market include IoT-enabled sensing offered by wearable devices. IoT sensors in healthcare are also integrated in mobility devices for the safety and security of physically challenged patients.

Well-funded pathology laboratories, makeshift laboratories and clinics, dispensaries, and drug stores are some other IoT sensors in healthcare end users that integrate healthcare IoT sensors into their workspaces, in order to increase efficiency and offer better services and facilities.

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Global IoT Sensors in Healthcare Market: Forecast

The global IoT sensors in healthcare market was valued at US$ 2,208.9 Mn in 2017, and is expected to expand at a CAGR of 12.2% during the forecast period (2018–2026). The demand for IoT sensors in healthcare is expected to be driven by improvements in patient engagement, increased accuracy in data analysis, enhanced disease management and treatment results, and reduction in treatment costs.

The global IoT sensors in healthcare market is categorized on the basis of application, end user, and region. On the basis of application, the IoT sensors in healthcare market is segmented into patient monitoring, diagnostics, clinical efficiency, and other applications. The patient monitoring segment of the IoT sensors in healthcare market is expected to register a CAGR of 13.5% during the forecast period. By end user, the global IoT sensors in healthcare market is segmented into hospitals, CROs, rehabilitation centers, and other end users.

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IoT Sensors in Healthcare Industry Research Segmentation

By Application:

  • Patient Monitoring
  • Diagnostics
  • Clinical Efficiency
  • Other Applications

By End User:

  • Hospitals
  • Clinical Research Organizations (CROs)
  • Rehabilitation Centers
  • Residential
  • Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Global IoT Sensors in Healthcare Market: Vendor Insights

Some of the top companies identified across the IoT sensors in healthcare market value chain are STMicroelectronics; Koninklijke Philips; General Electric Company; Siemens AG; Texas Instruments Incorporated; TE Connectivity; Honeywell International Inc.; PAREXEL International Corporation; Analog Devices, Inc. and Proteus Digital Health, among others.

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