Dublin, April 11, 2019 (GLOBE NEWSWIRE) -- The "IoT Enabled Healthcare Equipment Global Market Opportunities And Strategies To 2023" report has been added to ResearchAndMarkets.com's offering.
The market for IoT enabled healthcare equipment medical devices manufacturing market reached a value of nearly $18.8 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.6% from 2014, and is expected to grow at a CAGR of 29.9% to nearly $69.7 billion by 2023.
Growth is mainly due to increasing access to these devices through online platforms and a rapid decline in their prices owing to manufacturers passing on a significant drop in the prices of components. Increasing awareness of the benefits of these devices will also contribute to explosive growth. Skills shortages, high costs associated with the development of IoT healthcare devices and regulatory hurdles are potential threats.
Major opportunities in the IoT enabled healthcare equipment market will arise in the wearable devices segment which will add $19.6 billion of annual sales globally between 2018 and 2023,.
The strongest IoT healthcare market opportunities will arise and in the USA where $15.78 billion of new yearly sales will be added by 2023. Strategies suggested by trends in the market are to invest in MBAN devices to benefit from their increasing popularity. Business strategies adopted by major companies in the market include investing in expanding manufacturing operations, improving infrastructure and in acquisitions and mergers to strengthen product and service offerings.
This report describes and evaluates the IoT enabled medical devices global market for healthcare equipment. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2023, the forecast period.
The IoT enabled healthcare equipment market consists of manufacturers' sales of healthcare devices equipped with IoT enabled technology such as the Bluetooth technology used to assess and monitor patients' health.
The diagnostic equipment segment of the IoT healthcare market accounted for the largest share of the IoT enabled healthcare equipment market in 2018 at $7.1 billion. The highest growth is projected to come from the wearable devices segment, which is forecast to grow at a CAGR of 35.9%.
North America was the largest region in the IoT enabled healthcare equipment market in 2018, accounting for 35.2% of the global market. It was followed by Asia Pacific and Western Europe. Going forward, the fastest growth in the IoT enabled healthcare equipment market will take place in Asia Pacific where it is forecast to grow at a CAGR of 32.5%, followed by South America where growth at a CAGR of 31.0% is expected. The USA is the largest country in terms of value in the IoT enabled healthcare equipment market. India and China are forecast to have the fastest growth, growing at CAGRs of 36.9% and 36.5% respectively.
The market for IoT enabled healthcare equipment is concentrated. Major players in the market are Medtronic plc, General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, and Fujifilm Holdings Corporation.
IoT Enabled Healthcare Equipment Global Market Opportunities And Strategies To 2023 provides the strategists, marketers and senior management with the critical information they need to assess the global IoT enabled healthcare equipment market.
Scope
- Markets Covered: Diagnostic Equipment, Implanted Devices, Wearable Devices
- Companies Mentioned: Medtronic plc, General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Fujifilm Holdings Corporation
- Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia
- Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa
- Time series: Five years historic and forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Key Topics Covered:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. IoT Enabled Healthcare Equipment Market Characteristics
6. IoT Enabled Healthcare Equipment Market Size And Growth
6.1. Historic Market Growth, Value ($ Billion)
6.1.1.Drivers Of The Market
6.1.2.Restraints On The Market
6.2. Forecast Market Growth, Value ($ Billion)
6.2.1.Drivers of the Market
6.2.2.Restraints on the Market
6.3. Global IoT Enabled Healthcare Equipment Market, By Segment
6.4. Global IoT Enabled Healthcare Equipment Market, Historic and Forecast, By Segment, 2014-2023,
7. IoT Enabled Healthcare Equipment Market Trends And Opportunities
7.1. Focus on Bluetooth Enabled Medical Devices
7.2. Increase in Partnerships and Collaboration
7.3. Increase in Mergers and Acquisitions
7.4. Medical Body Area Network (MBAN) To Monitor Physiological Parameters
8. IoT Enabled Healthcare Equipment Market, Regional And Country Analysis
8.1. Global IoT Enabled Healthcare Equipment Market, 2018, By Region, Value ($ Billion)
8.2. Global IoT Enabled Healthcare Equipment Market, 2014 - 2022, Historic And Forecast, By Region
8.3. Global IoT Enabled Healthcare Equipment Market, 2018, By Country, Value ($ Billion)
8.4. Global IoT Enabled Healthcare Equipment Market, 2014 - 2023, Historic And Forecast, By Country
9. Global IoT Enabled Healthcare Equipment Market Comparison with Macro Economic Factors
9.1. IoT Enabled Healthcare Equipment Market Size, Percentage Of GDP, Global
9.2. Per Capita Average IoT Enabled Healthcare Equipment Market Expenditure, Global
10. IoT Enabled Healthcare Equipment Market Comparison With Macro Economic Factors Across Countries
10.1. IoT Enabled Healthcare Equipment Market Size, Percentage Of GDP, By Country
10.2. Per Capita Average IoT Enabled Healthcare Equipment Market Expenditure, By Country
11. Asia-Pacific IoT Enabled Healthcare Equipment Market
12. Western Europe IoT Enabled Healthcare Equipment Market
13. Eastern Europe IoT Enabled Healthcare Equipment Market
14. North America IoT Enabled Healthcare Equipment Market
15. South America IoT Enabled Healthcare Equipment Market
16. Middle East IoT Enabled Healthcare Equipment Market
17. Africa IoT Enabled Healthcare Equipment Market
18. IoT Enabled Healthcare Equipment Market Competitive Landscape
18.1. Company Profiles
18.2. Medtronic plc
18.3. General Electric Company
18.4. Koninklijke Philips N.V.
18.5. Medtronic plc
18.6. Siemens Healthineers AG
18.7. Fujifilm Holdings Corporation
19. Key Mergers And Acquisitions In The IoT Enabled Healthcare Equipment Market
19.1. Cardinal Health Acquired Part of Medtronic's Patient Monitoring & Recovery Division
19.2. Canon Acquired Toshiba Medical Systems
19.3. Philips Acquired Volcano
19.4. Biotelemetry Acquired LifeWatch
19.5. Covidien Acquired Zephyr Technology
20. IoT Enabled Healthcare Equipment Market Medical Devices Pipeline
20.1. IOT Healthcare Market
20.2. IoT Enabled Healthcare Equipment Market Bluetooth Medical Devices Pipeline
20.3. HealthPatch MD
20.4. Wellness Connected
20.5. IoT Enabled Healthcare Equipment Market Patents
21. Global IoT Enabled Healthcare Equipment Market Opportunities
21.1. Global IoT Enabled Healthcare Equipment Market In 2023 - Countries Offering Most New Opportunities
21.2. Global IoT Enabled Healthcare Equipment Market In 2023 - Segments Offering Most New Opportunities
22. Global IoT Enabled Healthcare Equipment Market Strategies
22.1.1. Market Trend Based Strategies
22.1.2. Competitor Strategies
Companies Mentioned
- Biotelemetry
- Canon
- Cardinal Health
- Covidien
- Fujifilm Holdings Corporation
- General Electric Company
- Koninklijke Philips N.V.
- LifeWatch
- Medtronic plc
- Philips
- Siemens Healthineers AG
- Toshiba Medical Systems
- Volcano
- Zephyr Technology
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