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Internet of Medical Things Market Size 2021 | Is Anticipated to Reach USD 142.45 Billion by 2026, With a CAGR of 28.9%
Internet of Medical Things Market to Exhibit 28.9% CAGR by 2026, Market to Witness Significant Rise on Account of Improved Drug Management Benefits, says Fortune Business Insights™Pune, India, April 28, 2021 (GLOBE NEWSWIRE) -- The global “Internet of Medical Things Market” is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth. According to a recent study by Fortune Business Insights™ titled, “Internet of Medical Things Market Size, Share & Industry Analysis, By Product Type (Stationary Medical Devices, Implanted Medical Devices, Wearable External Medical Devices), By Application (Telemedicine, Medication Management, Patient Monitoring, Others), By End User (Healthcare Providers, Patients, Government Authorities, Others) and Regional Forecast, 2019-2026,” the market value stood at USD 18.75 billion in 2018. Major Internet of Medical Things Market Key players covered in the report include: BiotronikGENERAL ELECTRIC COMPANY (GE Healthcare)Boston Scientific CorporationMedtronicJohnson & Johnson Services, Inc.Cisco Systems, Inc. Welch AllynIBM CorporationSiemens Healthcare GmbHKoninklijke Philips N.V. Others Get Request a Sample Copy of the Internet of Medical Things Report: https://ift.tt/3nxmDMz Internet of Medical Things Market Analysis 2021: Increasing Awareness about Advantages of Smart Healthcare Products to Drive Market The Internet of medical things offers various advantages such as real-time monitoring, improved drug management, improved patient outcomes, and a reduction in medical expenditure. The above factors are driving the Internet of Medical Things Market growth. Besides this, the improved efficiencies of smart healthcare devices, coupled with the rise in research and development of advanced devices and rise in awareness about them, are expected to attract high revenues during the forecast duration. Moreover, analysts at Fortune Business Insights™ also project the increasing prevalence of chronic diseases to propel the demand for smart healthcare further, boosting the market size in the future. Rising Awareness about Advancement in Smart Healthcare to Help Asia Pacific Witness Significant Growth North America is holding a dominant market share with a revenue generation of USD 5.87 billion as per 2018 records. This is attributable to the rise in the prevalence of chronic diseases. In addition to this, the increasing number of product launches in this region, coupled with the upsurge in research and development initiatives by major market manufacturers are anticipated to help increase the overall market size during the forecast duration. However, the increasing disposable incomes of people, coupled with the rapid adoption of IoMT devices in Asia Pacific, will help this region rise significantly. Apart from this, the rising prevalence of chronic diseases will also help augment the overall medical things market growth in the coming years. For more information in the analysis of this report, visit: https://ift.tt/2R5HlHg Internet of Medical Things Highlights of the Report: Market Penetration: Comprehensive information on the product portfolios of the top players in the market.Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the marketCompetitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the marketMarket Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographiesMarket Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market Emergence of New Players Will Intensify Market Competition Major internet of medical things companies are emphasizing on expanding their geographical portfolio to stay ahead of the competition. Besides this, manufacturers are investing huge sums in R & D for developing and launching new products. Emerging companies in this market are further intensifying the competition with new product launches. Major Industry Developments of Internet of Medical Things Market Includes: June 2016 – The first Bluetooth enables the INR/PT home health device, CoaguChek INRange was launched in nations accepting the CE Mark by F. Hoffmann-La Roche. This device helps healthcare professionals and patients to have the ability of monitoring Vitamin K Antagonist (VKA) therapy and greater control on their status of coagulation. A patient can use this device for self-testing his PT/INR data, thus reducing the overall cost spent on frequent hospital visits. Quick Buy - Internet of Medical Things Market Research Report: https://ift.tt/3vtM7gv Table Of Contents : Introduction Research ScopeMarket SegmentationResearch MethodologyDefinitions and Assumptions Executive SummaryMarket Dynamics Market DriversMarket RestraintsMarket Opportunities Key Insights Start-ups Fundings: OverviewTechnological Advancements in IoMT DevicesKey Industry Developments - Acquisitions, Mergers, and PartnershipsNew Product LaunchesNew Application Areas: OverviewKey Industry Trends Global Internet of Medical Things Market Analysis, Insights and Forecast, 2015-2026 Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product Type Stationary Medical DevicesImplanted Medical DevicesWearable External Medical Devices Market Analysis, Insights and Forecast – By Application TelemedicineMedication ManagementPatient MonitoringOthers Market Analysis, Insights and Forecast – By End User Healthcare ProvidersPatientsGovernment AuthoritiesOthers Market Analysis, Insights and Forecast – By Region North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa North America Internet of Medical Things Market Analysis, Insights and Forecast, 2015-2026 Key Findings / SummaryMarket Analysis – By Product Type Stationary Medical DevicesImplanted Medical DevicesWearable External Medical Devices Market Analysis – By Application TelemedicineMedication ManagementPatient MonitoringOthers Market Analysis – By End User Healthcare ProvidersPatientsGovernment AuthoritiesOthers Market Analysis – By Country U.S.Canada Toc Continue.. Get your Customized Research Report: https://ift.tt/2R0Q1ia SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION: Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companiesDetails in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facilityNumber of procedures and average price of proceduresReplacement rate and pricing of capital equipmentMarket dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunitiesMarket & technological trends, new product developments, product pipeline. Have a Look at Related Reports: Medical X-ray Market Size, Share & Covid-19 Impact Analysis, By Product Type (Static and Dynamic), By Technology Type (Analog and Digital), By Application (Dental, Veterinary, Cardiovascular Oncology, and Others), By End-User (Hospitals & Clinics, Diagnostic Centers, and Others), and Regional Forecast, 2021-2028 North America Osteoporosis Treatment Market Size, Share & COVID-19 Impact Analysis, By Drug Class (Bisphosphonate, Hormone Replacement Therapy, Selective Estrogen Receptor Modulator (SERMs), RANK ligand (RANKL) Inhibitor, and Others), By Route of Administration (Oral, and Parenteral); By Distribution Channel (Hospital Pharmacies, Retail Pharmacies & Stores, and Online Pharmacies) and Forecast, 2020-2027 Point of care Ultrasound Market Size, Share & COVID-19 Impact Analysis, By Product (Cart-based, and Hand-held), By End User (Hospitals, Clinics, and Others), and Regional Forecast, 2020-2026 Immunomodulators Market Size, Share & COVID-19 Impact Analysis, By Product Type (Immunosuppressant, Immunostimulants), By Application (Oncology, Respiratory, Multiple Sclerosis, and Others), and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Fortune Business Insights™ Pvt. 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