Internet of Things (IoT) in Healthcare – Thematic Intelligence
All the vital news, analysis, and commentary curated by our industry experts.
Internet of Things (IoT) in Healthcare Thematic Report Overview
Digital transformation has been a steady trend within healthcare for several years. IoT-enabled technologies such as electronic health records, remote patient monitoring, and wearable devices streamline the patient experience and give patients greater agency in their care. The COVID-19 pandemic made the need for IoT more pressing as healthcare providers were forced to enact social distancing policies and cope with staff shortages and patient backlogs while mandated to provide the same quality of care or better. The need to address staff shortages and aging demographics will drive the adoption of IoT-enabled solutions in healthcare post the pandemic in the coming years.
Buy the Full Report for Additional Insights into the IoT in Healthcare Themes, Download a Free Sample Report
The IoT in Healthcare thematic report provides an overview of IoT in healthcare. This report explains why IoT will continue to grow in importance for the healthcare industry. This report outlines how the correct IoT strategy can enhance pharmaceutical, medical devices, and healthcare companies’ ability to draw insights from an increasingly large volume of data sets, allowing for more timely decision-making. The investment opportunities in the IoT value chain are covered. The report also provides an overview of IoT activity relating to the sector, including tech vendors and industry adopters.
|Market Size (2022)
|Key IoT Value Chain Components
|· Physical Layer
· Connectivity Layer
· Data Layer
· App Layer
· Services Layer
|Leading IoT Adopters in Healthcare
|Specialist IoT Adopters in Healthcare
· Teladoc Health
· Vivify Health
· XR Health
|Enquire & Decide
|Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.
IoT in Healthcare Sector – Impact Analysis
The IoT in Healthcare thematic report discusses the key areas of IoT in which pharmaceutical companies, medical device companies, and healthcare providers and payors should invest.
Pharmaceutical Companies: IoT tools can be adopted across the entire pharma value chain to various ends. IoT tools are used in the pharma industry, from manufacturing processes to RPM. For example, industrial monitoring devices control operations within facilities and access real-time status information. Such monitoring devices can alert staff in case of urgent maintenance requirements. The increase in the use and popularity of connected digital devices and health-related mobile apps has produced a novel set of large, diverse, and complex data known as digital biomarkers. Clinical trials using wearable sensors to monitor or measure patient-derived data will increase, with digital biomarkers being used as primary and secondary endpoints to improve patient outcomes. Furthermore, to increase access to clinical trials, IoT technologies are also used in virtual trials to reduce inconvenience and burden on participants by decreasing the number of physical site visits. Examples of digital technologies used in virtual trials include eConsent, telemedicine, electronic clinical outcome assessment (eCOA), RPM, mHealth, and wearables.
Buy the Full Report for the Complete Impact Analysis of IoT in the Healthcare Sector, Download a Free Sample Report
IoT in the Healthcare Sector - Industry Analysis
The total healthcare IoT market was $30.3 billion in 2022 and is anticipated to grow at a CAGR of more than 14% during 2022-2027. The total healthcare IoT market comprises the pharmaceuticals, medical devices, and healthcare sectors. The need to address staff shortages and aging demographics will drive the adoption of IoT-enabled solutions in healthcare throughout the 2020s.
The report also covers –
- Mergers and acquisitions
- Patent trends
- Hiring trends
- Social media trends
- Polls and surveys
IoT in the Healthcare Industry Analysis
Buy the Full Report for IoT in the Healthcare Industry Analysis, Download a Fr-ee Sample Report
IoT Value Chain Analysis
The key components in the IoT value chain analysis are the physical layer, the connectivity layer, the data layer, the app layer, and the services layer. These layers are logically discrete, although large-scale IoT use cases will likely blur these logical boundaries. For example, while there will continue to be an identifiable data layer towards the top of the stack, a growing proportion of the data processing occurs within and at the edge of the network.
Physical Layer: Today, most connected devices—such as smartphones, tablets, and laptops—have a physical dimension controlled by humans. In the IoT, most connected things will be run by other connected things. For manufacturers of washing machines, door locks, light bulbs, aircraft engines, or cars, the key question is not whether their things should be connected to the internet—that is a given. Instead, the challenge is whether they can retain the bulk of the added value during the transition to IoT and how they can use the data collected by various embedded chips, sensors, antennae, and beacons. Some industry profits will likely be siphoned out by technology companies that increasingly provide IoT solutions as a service.
IoT Value Chain Analysis
Buy the Full Report for IoT Value Chain Analysis, Download a Free Sample Report
IoT in the Healthcare Sector – Competitive Landscape
The key companies making their market in the IoT in the healthcare sector are –
Leading IoT Adopters in Healthcare: Abbott, AstraZeneca, GE, Medtronic, and Novartis are some of the leading IoT adopters in the healthcare sector.
Specialist IoT Vendors in Healthcare: Accuvein, Nanome, Teladoc Health, Vivify Health, and XR Health are some of the leading specialist IoT adopters in the healthcare sector.
Buy the Full Report for More Insights on the Leading IoT Adopters and Specialist IoT Vendors in the Healthcare Sector, Download a Free Sample Report
Medical Devices Sector Scorecard
The medical devices sector scorecard comprises of thematic screen, valuation screen, and risk screen. The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
Medical Devices Sector Scorecard
Buy the Full Report for Additional Sector Scorecard Analysis
Download A Free Sample Report
This report provides an overview of IoT in healthcare.
This report explains why IoT will continue to grow in importance for the healthcare industry.
This report outlines how the correct IoT strategy can enhance pharmaceutical, medical devices, and healthcare companies’ ability to draw insights from an increasingly large volume of data sets, allowing for more timely decision-making.
The investment opportunities in the IoT value chain are covered.
The report also provides an overview of IoT activity relating to the sector, including tech vendors and industry adopters.
An overview of the trends impacting IoT adoption in the healthcare sector.
IoT technology briefing
Case studies showcasing how companies in the healthcare sector are adopting IoT.
Reasons to Buy
- Determine potential investment opportunities based on trend analysis and market projections.
- Gaining an understanding of the market challenges and opportunities surrounding the IoT theme.
Thermo Fisher Scientific
Smith & Nephew
Table of Contents
- 1 Executive Summary
- 2 Players
- 3 Healthcare Challenges
- 4 The Impact of IoT on Healthcare
- 5 Case Studies
- 6 Market Size and Growth Forecasts
- 7 Signals
- • 7.1 Mergers and acquisitions
- • 7.2 Patent trends
- • 7.3 Hiring trends
- • 7.4 Social media trends
- • 7.5 Polls and surveys
- 8 IoT Value Chain
- • 8.1 Physical layer
- • 8.2 Connectivity layer
- • 8.3 Data layer
- • 8.4 App layer
- • 8.5 Services layer
- 9 Companies
- • 9.1 Leading IoT adopters in healthcare
- • 9.2 Specialist IoT vendors in healthcare
- 10 Sector Scorecards
- • 10.1 Drug development sector scorecard
- • 10.2 Medical devices sector scorecard
- 11 Glossary
- 12 Further Reading
- 13 Our Thematic Research Methodology
- 14 About GlobalData
- 15 Contact Us
Frequently asked questions
What was the healthcare IoT market size in 2022?
The total healthcare IoT market valued at $30.3 billion in 2022.
What will be the healthcare IoT market CAGR during 2022-2027?
The market is anticipated to grow at a CAGR of more than 14% during 2022-2027.
Which are the key IoT value chain components?
The key components in the IoT value chain analysis are the physical layer, the connectivity layer, the data layer, the app layer, and the services layer.
Which are the leading IoT adopters in the healthcare sector?
Abbott, AstraZeneca, GE, Medtronic, and Novartis are some of the leading IoT adopters in the healthcare sector.
Which are the key specialist IoT vendors in the healthcare sector?
Accuvein, Nanome, Teladoc Health, Vivify Health, and XR Health are some of the leading specialist IoT vendors in the healthcare sector.
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Business Intelligence & Marketing Manager, SAL Heavy Lift
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
Market Analyst & Management, Liebherr-Werk
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Head of Key Accounts, Saab AB
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Marketing Intelligence Manager, Portugal Foods
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Head of Customer Insight and Research, Standard Chartered
Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.
I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.
I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.
Head of Consumer Sensory Insights, Givaudan
“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.
Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”
Senior Account Manager, TSYS
GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.
I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.
One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.