Global Internet-of-Medical-Things (IoMT) Market – Industry Trends & Forecast to 2026

Global Internet-of-Medical-Things (IoMT) market is expected to register a CAGR of 38.67% in the forecast period of 2019–2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the efficiency of resources and available infrastructure due to the usage of IoMT. Internet- of- Medical- Things (IoMT) is a specific category of applications of the Internet of Things for healthcare services. This technology enables the interconnectivity of medical devices over a common network which results in exchange of valuable patient information helping in better delivery of healthcare services. IoMT involves designing of specified health solutions depending on the data collected through wearable medical devices.

Market Restraints

• Concerns regarding privacy of data amid growing levels of hacking and unauthorized access; this factor is expected to restrain the market growth
• Concerns associated with the lack of infrastructure and requirement of skilled professionals; this factor is expected to restrain the growth of the market

Market Drivers

• Increasing adoption of wearable devices and real-time healthcare service provision with the adoption of IoMT; this factor is expected to drive the market growth
• Cutback on expenditure incurred by patients due to a reduction of visitation to the physician, as IoMT helps in continuous monitoring of health in individuals

Segmentation: Global Internet-of-Medical-Things (IoMT) Market

Global Internet-of-Medical-Things (IoMT) Market By Product Type (Smart Wearable Devices, Home-Use Medical Devices, Point-Of-Care Kits), Services (On-Premise Based Services, Cloud-Based Services)Application (Real-Time Monitoring, End-to-End Connectivity, Data Assortment & Analysis, Tracking & Alerts, Remote Medical Assistance),End-User (Hospitals & Clinics, Research Institutes & Academics, Homecare), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)?—?Industry Trends & Forecast to 2026

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Key Market Competitors:

Few of the major competitors currently working in the global Internet-of-Medical-Things (IoMT) market are LifeFuels Inc.; GENERAL ELECTRIC COMPANY; CARRÉ TECHNOLOGIES INC.; Breathometer Inc.; Medtronic; Meru Health, Inc.; Boston Scientific Corporation; Atlas Wearables, Inc.; Proteus Digital Health; NeuroMetrix, Inc.; Honeywell International Inc.; VitalConnect; Ekso Bionics; BL Healthcare, Inc; BioSerenity; Preventice Solutions, Inc.; Lenovo; Vitls Inc.; AliveCor, Inc. and Chrono Therapeutics Inc.

Competitive Analysis:

Global Internet-of-Medical-Things (IoMT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Internet-of-Medical-Things (IoMT) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster