New Study from StrategyR Highlights a $288.3 Million Global Market for Internet of Things (IoT) Healthcare by 2026
SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Internet of Things (IoT) Healthcare – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 738
Companies: 98 – Players covered include Abbott, Inc; AdhereTech; Boston Scientific; Cerner Corporation; Cisco Systems, Inc.; Epic Systems Corporation; GE Healthcare, Inc.; Honeywell; IBM, Inc.; Intel, Inc.; Koninklijke Philips, Inc.; Medtronic, Inc.; Microsoft, Inc.; Proteus Digital Health; SAP SE; Siemens Healthineers GmbH; Stanley Healthcare; Thinklabs and Others.
Coverage: All major geographies and key segments
Segments: Component (Services, Software & Systems, Devices); Application (Patient Monitoring, Clinical Operation & Workflow Optimization, Clinical Imaging, Fitness & Wellness Measurement, Drug Development)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Internet of Things (IoT) Healthcare Market to Reach $288.3 Million by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Healthcare estimated at US$140.1 Million in the year 2020, is projected to reach a revised size of US$288.3 Million by 2026, growing at a CAGR of 12.6% over the analysis period. Services, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$160.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Systems segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $42.6 Million in 2021, While China is Forecast to Reach $45.2 Million by 2026
The Internet of Things (IoT) Healthcare market in the U.S. is estimated at US$42.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$45.2 Million by the year 2026 trailing a CAGR of 12% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 10.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
Devices Segment to Reach US$59.8 Million by the year 2026
In the global Devices segment, USA, Canada, Japan, China and Europe will drive the 9.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$23.5 Million in the year 2020 will reach a projected size of US$46.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
