Analysis of Global Internet of Things (IoT) Sensors in Healthcare Market Reveals Lucrative Growth with Value to Reach $1.9 bn by 2022

Published on : Mar 14, 2018

Albany, New York, March 14, 2018: The internet of things has various applications in healthcare, from remote monitoring to smart sensors and medical device integration. Market Research Hub (MRH) has freshly broadcasted a new study titled “Internet of Things (IoT) Sensors in Healthcare: Global Markets and Technologies” to its vast database, which deeply analyzes and forecasts the market for IoT sensors in healthcare at the global and regional level. The market growth has been forecast based on volume (Tons) and revenue (US$ Mn) from 2017 to 2022. Regions highlighted in the study include Latin America, Europe, North America, Middle East and Africa, Asia-Pacific and RoW.

In healthcare, there is ever-growing demand for data collection, aggregation, analysis, and two-way feedback to support increased provider productivity and improve quality of care. Presently, IoT applications in healthcare can take the form of patient monitoring, diagnostics and therapeutic medication delivery and often play a role in treatment. In the initial section, the study highlights detailed overview on the role of sensors in healthcare IoT. This section also presents information on FDA and IoT devices, fertility tracking, biomonitoring, wellness devices, clinical applications, cardiovascular applications, mHealth, emergency response and others. 

Findings on Market Expansion and Forecast Analysis

Sensors have long been a critical part of the healthcare landscape, but the extent of their value is significantly increasing as the reach of the IoT is extended. There are various kinds of sensors available in the healthcare IoT, namely pressure sensors, position sensors, temperature sensors, level sensors, chemical sensors, force and load sensors, biosensors, image sensors, SQUID sensors, and spintronics. According to the research prime findings, the global market for Internet of Things (IoT) sensors in healthcare calculated $1.1 billion in 2017 and is estimated to reach $1.9 billion by 2022, growing at a CAGR of 12.7% for the period of 2017-2022.

Geographically, The adoption of IoT sensors in healthcare is also driven by regulatory requirements in many countries, where strengthening the digital interconnection between systems and establishing unified electronic healthcare records are key initiatives aimed at cost savings and improving the quality of healthcare.

Furthermore, the study provides a decisive view of the global market by segmenting it in terms of technology type, end-user and applications. These segments have been analyzed based on present and future trends. On the basis of application, the study covers Blood Pressure Monitoring, Blood Glucose and Diabetes Monitoring, Thermometers, Electroencephalogram (EEG), Respiratory and Sleep Disorders, Cardiac Monitors, Sleep Apnea Monitors (SPMs), Neuromonitors, Fetal Monitors, Spirometers, Pulse Oximeters, Anesthesia Monitoring, Magnetoencephalograph (MEG), Neonatal Monitors, Transcranial Doppler, Remote Monitoring, Capnographs and Multiparameter Monitors.

Moreover, key players operating in the global IoT sensors in healthcare market are highlighted in detail. Some of them are Ametek Electronics Instruments Group, Beckman Coulter, Medtronic, Boston Scientific Scimed, Bei Technologies, Analog Devices Inc., Cardio3 Biosciences, Binsfeld Engineering Inc., Buivision Inc., C2cure, Analogic, Bayer Health Care and others.

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