DUBLIN--(BUSINESS WIRE)--Apr 11, 2019--The "IoT Enabled Healthcare Equipment Global Market Opportunities And Strategies To 2023" report has been added to ResearchAndMarkets.com's offering.

The 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. Siemens Healthineers AG

18.6. 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. Market Trend Based Strategies

22.2. 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

For more information about this report visit https://www.researchandmarkets.com/r/x13ops

View source version on businesswire.com:https://www.businesswire.com/news/home/20190411005465/en/

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Related Topics:Medical Devices,Internet of Things and M2M

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS HEALTH MEDICAL DEVICES GENERAL HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 04/11/2019 09:07 AM/DISC: 04/11/2019 09:06 AM

http://www.businesswire.com/news/home/20190411005465/en

Copyright Business Wire 2019.

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