The global Internet of Medical Things (IoMT) market is anticipated to grow at a modest CAGR of around 24.6% during the forecast period. The IoMT is an ecosystem of connected sensors, wearable devices, medical devices, and clinical systems. It enables various healthcare applications to reduce healthcare costs, provide timely medical responses, and increase the quality of medical treatment. The adoption of internet-connected devices to improve efficiencies, lower care costs and drive better outcomes in healthcare is the major aspect behind the large adoption of IoMT devices in healthcare sectors. It has been witnessed that from the last few decades, the use of IoMT devices has gained popularity owing to the advanced features provided by them.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/internet-of-medical-things-iomt-market
Additionally, most healthcare organizations are relying on IoMT devices and technologies to streamline their clinical trials, patients monitoring and new drug developments. With their ability to collect, analyze and transmit health data, IoMT tools are rapidly changing healthcare delivery. The rising prevalence of the chronic disease is the major factor driving the demand for IoMT devices. As IoMT coupled with many applications are playing a central part in tracking and preventing chronic illnesses. Besides, the new products developments and mergers and acquisitions by major players are also enhancing the market growth. For instance, in Jan 2021, Boston Scientific announced the acquisition of Preventice Solutions, Inc., through a definitive agreement. The acquisition includes the product portfolio Preventice Solutions, Inc. which comprises the BodyGuardian family of remote, wearable cardiac monitors for adult and pediatric patients.
Moreover, in March 2021, Boston Scientific announced the acquisition of the global surgical business of Lumenis LTD under a definitive agreement for $1.07 billion through cash payment. Through this acquisition, Boston acquires the Lumenis surgical business which includes premier laser systems, fibers and accessories used for urology and otolaryngology procedures. The acquisition will aid Boston in differentiated clinical outcomes and efficiency in the management of patients with kidney stones. Considering these mergers and acquisitions, considerable growth can be expected in the global Internet of Medical Things (IoMT) market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Apple, Inc., Boston Scientific Corp., IBM Corp., Cisco Systems, Inc., GE Healthcare, Koninklijke Philips N.V., Medtronic PLC, Siemens Healthcare GmbH, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global IoM Market Report by Segment
By Component
- Medical Devices
- Software & Services
By Application
- Patient Monitoring
- Telemedicine
- Connected Imaging
- Drug Development
- Others
By End-User
- Hospitals and Clinics
- Research Institutes and Academics
- Homecare
A full report of Internet of Medical Things (IoMT) Market is available at: https://www.omrglobal.com/industry-reports/internet-of-medical-things-iomt-market
Internet of Medical Things (IoMT) Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Adheretech, LLC
- AliveCor, Inc.
- Apple, Inc.
- BioSerenity SAS
- Boston Scientific Corp.
- Carré Technologies Inc.
- CenTrak, Inc.
- Cisco Systems, Inc.
- Cue Health Inc.
- EarlySense, Ltd.
- Evermind Inc.
- EyeNetra Inc.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
