According to a recent market report published by Persistence Market Research, titled 'IoT Sensors in Healthcare Market: Global Industry Trend Analysis 2013 to 2017 and Forecast 2018–2026', the global IoT sensors in healthcare market was valued at US$ 2,208.9 Mn in 2017, and is expected to register a CAGR of 12.2% from 2018 to 2026. Improvements in patient engagement, increased accuracy in data analysis, enhanced disease management and treatment results, and reduction in treatment costs are major factors driving the growth of the global IoT sensors in healthcare market. However, privacy concerns and adherence to standard regulations, and varying communication protocols in different IoT sensors in healthcare equipment, hinder the growth of the global IoT sensors in healthcare market. Some of the recent trends for the IoT sensors in healthcare market are focus on implementation of artificial intelligence and IoT technologies, and the increasing demand for wearable devices in the IoT sensors in healthcare sector.
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- JTAG Technologies
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- CORELIS (EWA Technologies)
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Global IoT sensors in healthcare market
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, rehabs, and other end users. Hospitals are expected to register the highest CAGR of 14.3% in the global IoT sensors in healthcare market.
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global IoT sensors in healthcare market:Overview
This report also covers the drivers, restraints, and trends driving each segment, and offers analysis and insights on the potential of the IoT sensors in healthcare market in regions such as North America, Latin America, Europe, China, Japan, Southeast Asia and Other Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest IoT sensors in healthcare market share in 2017. North America is also expected to register a healthy market share of 21.4% in 2018 in the IoT sensors in healthcare market. Also, the demand for IoT sensors in healthcare is increasing in the market in SEA excluding China and Japan.
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. In the tier-wise split of the companies in the IoT sensors in healthcare market, tier 1 represents leading companies in the market with a market share of 5% or more. Tier 2 includes relatively smaller companies in the IoT sensors in healthcare market, with their market shares in the range of 3 to 5%. Lastly, tier 3 represents companies with market shares below 3% in the global IoT sensors in healthcare market.
One of the key developments in the IoT sensors in healthcare market comes from STANLEY Healthcare. In February 2018, STANLEY Healthcare announced the launch of a cloud-based sensor solution that monitors conditions in the environment of care. The platform integrates sensors over a networking cloud to allow pharmacies, outpatient service providers, and small hospitals to monitor the aspects of the operation that should be maintained at a specific set of conditions for efficient patient care.
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Key segments covered in the IoT sensors in healthcare market:
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