The Internet of Medical Things (IoMT) market refers to the use of connected medical devices and technologies to collect, analyze, and transmit healthcare data over the internet. The IoMT includes a range of devices, such as wearable sensors, smart medical devices, remote monitoring systems, and mobile health applications. These devices enable healthcare providers to remotely monitor patients, track their health status, and provide real-time feedback and interventions.
The global IoMT market is expected to grow rapidly in the coming years, driven by factors such as the increasing demand for remote patient monitoring, the need to reduce healthcare costs, and the growing prevalence of chronic diseases. According to a report by The Brainy Insights The global Internet of medical things [IoMT] market was valued at USD 61.56 billion in 2022, increasing at a CAGR of 23.70% from 2023 to 2032 and anticipated to reach USD 516.40 billion by 2032.
The IoMT has the potential to transform healthcare delivery, by providing healthcare providers with real-time access to patient data, enabling them to make more informed decisions and deliver more personalized care. It also has the potential to improve patient outcomes, by enabling early detection of health problems and facilitating timely interventions.
The IoMT is rapidly growing in popularity due to its potential to revolutionize healthcare delivery. It has the potential to improve patient outcomes by providing healthcare providers with real-time access to patient data, enabling them to make more informed decisions and deliver more personalized care. Additionally, it has the potential to reduce healthcare costs by reducing hospital readmissions, preventing chronic diseases, and promoting preventative care.
Some of the Key Market Players:
- Koninklijke Philips N.V.
- GE healthcare
- LifeFuels Inc.
- Carre Technologies Inc.
- Breathometer Inc.
- Wimm Labs
- Honeywell International
- Medtronic MiniMed
- IBM Corp.
- Meru Health
- Sano Intelligence
global Internet of Medical Things [IoMT] based on below mentioned segments:
Global Internet of Medical Things [IoMT] Market by Platform:
- Device Management
- Application Management
- Cloud Management
Global Internet of Medical Things [IoMT] Market by Component:
Global Internet of Medical Things [IoMT] Market by Application:
- Data Assortment and Analysis
- End-To-End Connectivity
- Real-Time Monitoring
- Remote Medical Assistance
- Tracking and Alerts
Global Internet of Medical Things [IoMT] Market by Product
- Home-Use Medical Devices
- Smart Wearable Devices
- Point-of-Care Kits
Global Internet of Medical Things [IoMT] Market by Mode of Service Delivery
Global Internet of Medical Things [IoMT] Market by End-User
- Research Institutes & Academics
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality output within a short span of time. We provide both customized (clients’ specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients’ requirement whether they are looking to expand or planning to launch a new product in the global market.
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