The Internet of Medical Things (IoMT) is an incorporation of medical devices and applications that can connect to health care IT systems utilizing networking skills. It minimizes excessive hospital visits and the burden on health care systems by connecting patients to their physicians and allowing the transfer of medical data over a protected network. Pervasive healthcare services have undergone a great evolution in recent years. The technological development of communication networks, including the Internet, sensor networks, and M2M (Machine-to-Machine) have given rise to new architectures, applications, and standards related to addressing almost all current e-health challenges.
The utilization of the Internet of Things (IoT) in healthcare has sharply increased across various specific Internet of Things use cases. Most patient interactions with the health care system involve the use of medical equipment and devices. IoT solutions for healthcare hold the promise to make medical organizations smarter and more successful at what they do. IoT helps in redefining the interaction connection between the people, technology and devices with each other in healthcare environments, helping promote better care, reduced costs and improved outcomes.
The capabilities of IoMT are more accurate diagnoses, fewer errors, and lower costs of care. Paired with smartphone applications, the technology allows patients to send their health information to doctors to better surveil diseases and track and prevent chronic illnesses. Goldman Sachs estimates that IoMT would save the healthcare industry US$ XX billion annually in expenditures primarily through remote patient monitoring and improved medication adherence.
The IoMT bridges both the digital and physical worlds and can monitor and modify patient behavior in real time to manage chronic conditions such as asthma, diabetes, and high blood pressure. IoMT technology can also streamline various clinical processes and information flows and bring together people (patients, caregivers, and clinicians), data (patient or performance data), processes (care delivery and monitoring) and enablers (medical devices and mobile applications) to improve health care delivery.
The IoMT generates intelligent and measurable information to help improve the speed and accuracy of diagnostics and target treatments more efficiently and effectively. It enables remote clinical monitoring, chronic disease and medication management and preventive care, and it supports people who require assistance with daily living, like the elderly and disabled, to live independent lives for as long as possible. It also has the potential to lower costs, improve efficiency and deliver better patient outcomes.
Based on the component, the IoMT market is bifurcated into medical devices, systems and software, services and connectivity technology. Medical Devices Market generated revenue of US$ 18.7 billion in 2019 and is expected to grow at a CAGR of 16.9% during the forecast period to reach a market valuation of US$ 93.6 billion by 2027. However, Systems and Software Market is expected to witness the highest CAGR growth during the forecast period 2021-2027. The medical devices sub-segment is further subdivided into wearable external medical devices, implanted medical devices and, stationery medical devices. Moreover, systems & software segment is fragmented into remote device management, network bandwidth management, data analytics, application security and network security. Further, the services segment is bifurcated into deployment and integration, consulting and support and maintenance.
Based on application, the IoMT market is fragmented into telemedicine, clinical operations, and workflow management, connected imaging, inpatient monitoring, medication management and others (fall detection, sportsmen care, and public safety). Telemedicine generated revenue of US$ 16 billion in 2019. The market is expected to grow at a CAGR of 16.65% during the forecast period to reach a market valuation of US$ 78.6 billion by 2027. However, Inpatient Monitoring is expected to witness the highest CAGR growth during the forecast period 2021-2027.
The major end-users in the IoMT market include hospitals surgical centers, and clinics, clinical research organizations, others (institutes, R&D labs, government organizations, etc.). Hospitals, surgical centers, and clinics segment dominated the market in 2019 with 74.9% of total market and is expected to maintain its dominance during the forecast period.
For better understanding of the market penetration of Internet of Medical Things, the market is analyzed based on its worldwide presence in the region such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific), Middle East and Africa and South America. North America constitutes a major market for Internet of Medical Things industry. Some of the major players operating in the market include Boston Scientific Corporation, Cisco Systems, GE Healthcare, IBM Corporation, iRhythm Technologies, Koninklijke Philips N.V., Medtronic, Microsoft Corporation, SAP SE and Welch Allyn.
The global Internet of Medical Things market was valued US$ 51.2 billion in 2019 and is projected to expand significantly with the CAGR of 18.5% from 2021-2027. The market is expected to witness a boost, owing to the adoption and advancement in technologies, rapid digitization of health care systems to aid efficient patient care, the rise in the demand for mobile health care technologies and an increase in demand from an ageing population and people suffering from chronic diseases.
The global Internet of Medical Things market was valued US$ 51.2 billion in 2019 and is projected to expand significantly with the CAGR of 18.5% from 2021-2027. The Internet of Medical Things (IoMT) is an incorporation of medical devices and applications that can connect to healthcare IT systems utilizing networking skills. It reduces excessive hospital visits and burden on health care systems by connecting patients to their physicians and allowing the transfer of medical data over a protected network. The advancement of artificial intelligence (AI), especially the rise of machine learning technology, is driving the IoMT's ability to help reduce the cost of care while improving its effectiveness. The growing investment for health care IoMT solutions, increasing number of connected medical devices and rising utilization of smartphones are expected to drive the growth of the market.
The expansion of the IoMT ecosystem is paving the way for other emerging innovations too such as kiosks that provide care providers with connectivity. Regardless of a patient's location or condition, an evolution of the IoMT ecosystem would become increasingly impactful. And even the most remote locations are expected to benefit from better access to care as connected medical devices continue to find their way into the hands of both patients and clinicians. Health information systems have also resulted in the rapid growth of mobile computing, wireless networking, sensor networks, and embedded systems entering the age of ubiquitous computing. This has led to a constant growth of applications and devices (i.e., wearable devices) for providing new pervasive health services, which are rapidly being adopted worldwide. According to the Research survey "2017 Trends in the Internet of Things":
- 67% of responding IT professionals revealed that their companies had either already deployed an IoT solution, or had an IoT system in trial
- 21% of respondents stated that their companies intended to deploy IoT solutions within a year, with 11% claiming their companies' plans for implementing IoT were over a year away
Boston Scientific Corporation, Cisco Systems, GE Healthcare, IBM Corporation, iRhythm Technologies, Koninklijke Philips N.V., Medtronic, Microsoft Corporation, SAP SE and Welch Allyn are some of the prominent players operating in the global Internet of Medical Things market. Several M&A's along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst component type, medical devices segment holds the major share"
Based on component type, the market is fragmented into medical devices, systems and software, services and connectivity technology. The medical devices dominated the market with a share of 36.6% in 2019 and is expected to maintain its dominance during the forecast period owing to the rising tremendous attention due to their capabilities, including devices benefitting patients living with chronic illness, rising interest of medical technology companies for the generation of medical devices.
"Amongst application, telemedicine is expected to dominate the market during the analyzed period"
Based on application, the market is mainly into telemedicine, clinical operations, and workflow management, connected imaging, inpatient monitoring, medication management, and others (fall detection, sportsmen care, and public safety). In 2019, Telemedicine accounted for maximum market revenue share of 31.2% and is expected to remain dominant during the analyzed period owing to the growing advancements in telecommunications, increase in patient awareness, shortage of medical staff and rising need to expand the healthcare access. However, Inpatient Monitoring is anticipated to grow with highest CAGR over the forecast period.
"Amongst end-user, Hospitals, Surgical Centers, and Clinics are expected to dominate the market during the analyzed period"
Based on end-user, the market is fragmented into hospitals, surgical centers, and clinics, clinical research organizations, and others (institutes, R&D labs, government organizations). In 2019, the hospitals, surgical centers, and clinics accounted for the maximum market share with 74.9% and is expected to be the leading segment of the Internet of Medical Things market during the forecast period due to the increasing usage of IoT and digital technology in hospitals as these provide improved functional and operational efficiency.
"North America represents one of the largest markets of Internet of Medical Things market"
For a better understanding of the market dynamics of the Internet of Medical Things market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), Middle East & Africa and South America has been conducted. North America dominated the market and generated revenue of US$ 16.6 billion in 2019 owing to the rising adoption of healthcare IT solutions, the presence of key players, legislative initiatives, and accessibility of advanced healthcare IT infrastructure. However, Asia-Pacific is expected to witness highest CAGR during the forecast period.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- Deep dive regional level analysis of the industry
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Table of Contents
1. MARKET INTRODUCTION 15
1.1 Market Definition 15
1.2 Objective of the Study 15
1.3 Limitation 15
1.4 Stakeholders 16
1.5 Currency used in the Report 16
1.6 Scope of the Global Internet of Medical Things Market Study 16
2. RESEARCH METHODOLOGY OR ASSUMPTION 17
2.1 Research Methodology for the Internet of Medical Things Market Study 17
2.1.1 Main Objective of the Internet of Medical Things Market Study 18
3. INDUSTRY PERFORMANCE 19
4. EXECUTIVE SUMMARY 21
5. MARKET OVERVIEW 24
5.1 Introduction 24
5.2 Market Dynamics 25
5.2.1 Market Trend & Drivers 25
5.2.1.1 Growing Prevalence of Chronic Diseases 25
5.2.1.2 Rising Awareness of Technological Advancements in Smart Healthcare Products 27
5.2.1.3 Increasing Demand for Wearable Devices 27
5.2.1.4 Rising Focus on Active Patient Engagement and Patient-Centric Care 28
5.2.2 Market Challenges 29
5.2.2.1 Data Security and Privacy Concerns 29
5.2.2.2 Challenge of Motivating Patients to Adopt Technology 29
5.2.3 Market Opportunities 30
5.2.3.1 Low Doctor-To-Patient Ratio Leading to Increased Dependency on Self-Operated E-health Platforms 30
5.2.3.2 Government Initiatives for Promoting Digital Health 30
6. LEGAL & REGULATORY FRAMEWORK 31
6.1 General Overview 31
6.1.1 The General Data Protection Regulation 31
6.1.2 Europe 32
7. DEMAND AND SUPPLY SIDE ANALYSIS 33
7.1 Demand Side Analysis 33
7.2 Supply Side Analysis 34
7.2.1 Top Product Launches 35
7.2.2 Top Business Partnerships 35
7.2.3 Top Mergers and Acquisitions 36
7.2.4 Top Business Expansions and Investment 36
8. VALUE CHAIN ANALYSIS 37
8.1 Value Chain Analysis 37
9. MARKET INSIGHTS BY COMPONENT 38
9.1 General Overview 38
9.1.1 Medical Devices 39
9.1.1.1 Wearable External Medical Devices 41
9.1.1.2 Implanted Medical Devices 42
9.1.1.3 Stationary Medical Devices 43
9.1.2 Systems and Software 44
9.1.2.1 Remote Device Management 46
9.1.2.2 Network Bandwidth Management 47
9.1.2.3 Data Analytics 48
9.1.2.4 Application Security 49
9.1.2.5 Network Security 50
9.1.3 Services 51
9.1.3.1 Deployment and Integration 53
9.1.3.2 Consulting 54
9.1.3.3 Support and Maintenance 55
9.1.4 Connecting Technology 56
10. MARKET INSIGHTS BY APPLICATION 57
10.1 General Overview 57
10.1.1 Telemedicine 59
10.1.2 Clinical Operations and Workflow Management 60
10.1.3 Connected Imaging 61
10.1.4 Inpatient Monitoring 62
10.1.5 Medication Management 63
10.1.6 Others 64
11. MARKET INSIGHTS BY END-USER 65
11.1 General Overview 65
11.1.1 Hospitals, Surgical Centers, and Clinics 67
11.1.2 Clinical Research Organizations 68
11.1.3 Others 69
12. MARKET INSIGHTS BY REGION 70
12.1 General Overview 70
12.2 North America Internet of Medical Things Market 73
12.2.1 United States Internet of Medical Things Market 77
12.2.2 Canada Internet of Medical Things Market 83
12.2.3 Rest of North America Internet of Medical Things Market 88
12.3 Europe Internet of Medical Things Market 93
12.3.1 France Internet of Medical Things Market 97
12.3.2 Germany Internet of Medical Things Market 102
12.3.3 Italy Internet of Medical Things Market 107
12.3.4 Spain Internet of Medical Things Market 112
12.3.5 United Kingdom Internet of Medical Things Market 117
12.3.6 Rest of Europe Internet of Medical Things Market 122
12.4 Asia-Pacific Internet of Medical Things Market 127
12.4.1 China Internet of Medical Things Market 131
12.4.2 Japan Internet of Medical Things Market 137
12.4.3 India Internet of Medical Things Market 142
12.4.4 Australia Internet of Medical Things Market 147
12.4.5 Rest of Asia-Pacific Internet of Medical Things Market 152
12.5 Middle East & Africa Internet of Medical Things Market 157
12.6 South America Internet of Medical Things Market 162
13. COMPETITIVE SCENARIO 166
13.1 Porter's Five forces analysis 166
13.1.1 Bargaining power of Supplier 167
13.1.2 Bargaining power of Buyer 167
13.1.3 Industry Rivalry 167
13.1.4 Availability of Substitute 167
13.1.5 Threat of new Entrants 168
13.2 Competitive Landscape 168
13.2.1 Market Share of Key Players in Internet of Medical Things Market, 2019 169
14. TOP COMPANY PROFILES 170
14.1 IBM Corporation 170
14.1.1 Key Facts 170
14.1.2 Business Description 171
14.1.3 IBM Corporation, Digital Journey 171
14.1.4 Key Product/Services Offerings 171
14.1.5 Growth Strategy 172
14.1.6 SWOT Analysis 172
14.1.7 Key Financials 173
14.1.7.1 Revenue Split 174
14.1.7.2 Financial Overview of IBM Corporation 174
14.1.8 Recent Developments 175
14.1.8.1 Product Launch 175
14.1.8.2 Partnerships 175
14.1.8.3 Business Expansions and Investment 176
14.2 Boston Scientific Corporation 177
14.3 Cisco Systems 183
14.4 GE Healthcare 189
14.5 iRhythm Technologies 195
14.6 Koninklijke Philips N.V. 201
14.7 Medtronic 207
14.8 Microsoft Corporation 213
14.9 SAP SE 219
14.10 Welch Allyn 225
List of Tables
TABLE 1 Top Product Launches 35
TABLE 2 Top Business Partnerships 35
TABLE 3 Top Mergers and Acquisitions 36
TABLE 4 Top Business Expansions and Investment 36
TABLE 5 IBM Corporation, Key Facts 170
TABLE 6 IBM Corporation, Ownership Structure 170
TABLE 7 Products segmentation of IBM Corporation 171
TABLE 8 IBM Corporation, Growth Strategy 172
TABLE 9 IBM Corporation, Product Launch 175
TABLE 10 IBM Corporation, Partnerships 175
TABLE 11 IBM Corporation Business Expansions, Investment and Divestitures 176
TABLE 12 Boston Scientific Corporation, Key Facts 177
TABLE 13 Boston Scientific Corporation, Ownership Structure 177
TABLE 14 Products segmentation of Boston Scientific Corporation 178
TABLE 15 Boston Scientific Corporation, Growth Strategy 178
TABLE 16 Boston Scientific Corporation, Product Launches 181
TABLE 17 Boston Scientific Corporation, Partnerships 182
TABLE 18 Boston Scientific Corporation, Mergers and Acquisitions 182
TABLE 19 Boston Scientific Corporation, Business Expansions, Investment and Divestitures 182
TABLE 20 Cisco Systems, Key Facts 183
TABLE 21 Cisco Systems, Ownership Structure 183
TABLE 22 Products segmentation of Cisco Systems 184
TABLE 23 Cisco Systems, Growth Strategy 184
TABLE 24 Cisco Systems, Product Launches 187
TABLE 25 Cisco Systems, Partnerships 188
TABLE 26 Cisco Systems, Mergers and Acquisitions 188
TABLE 27 Cisco Systems, Business Expansions, Investment and Divestitures 188
TABLE 28 GE Healthcare, Key Facts 189
TABLE 29 GE Healthcare, Ownership Structure 189
TABLE 30 Products segmentation of GE Healthcare 190
TABLE 31 GE Healthcare, Growth Strategy 190
TABLE 32 GE Healthcare, Product Launches 193
TABLE 33 GE Healthcare, Partnerships 194
TABLE 34 GE Healthcare, Mergers and Acquisitions 194
TABLE 35 GE Healthcare, Business Expansions, Investment and Divestitures 194
TABLE 36 iRhythm Technologies, Key Facts 195
TABLE 37 iRhythm Technologies, Ownership Structure 195
TABLE 38 Products segmentation of iRhythm Technologies 196
TABLE 39 iRhythm Technologies, Growth Strategy 196
TABLE 40 iRhythm Technologies, Product Launches 199
TABLE 41 iRhythm Technologies, Partnerships 200
TABLE 42 iRhythm Technologies, Mergers and Acquisitions 200
TABLE 43 iRhythm Technologies, Business Expansions, Investment and Divestitures 200
TABLE 44 Koninklijke Philips N.V., Key Facts 201
TABLE 45 Koninklijke Philips N.V., Ownership Structure 201
TABLE 46 Products segmentation of Koninklijke Philips N.V. 202
TABLE 47 Koninklijke Philips N.V., Growth Strategy 202
TABLE 48 Koninklijke Philips N.V., Product Launches 205
TABLE 49 Koninklijke Philips N.V., Partnerships 206
TABLE 50 Koninklijke Philips N.V., Mergers and Acquisitions 206
TABLE 51 Koninklijke Philips N.V., Business Expansions, Investment and Divestitures 206
TABLE 52 Medtronic, Key Facts 207
TABLE 53 Medtronic, Ownership Structure 207
TABLE 54 Products segmentation of Medtronic 208
TABLE 55 Medtronic, Growth Strategy 208
TABLE 56 Medtronic, Product Launches 211
TABLE 57 Medtronic, Partnerships 212
TABLE 58 Medtronic, Mergers and Acquisitions 212
TABLE 59 Medtronic, Business Expansions, Investment and Divestitures 212
TABLE 60 Microsoft Corporation, Key Facts 213
TABLE 61 Microsoft Corporation, Ownership Structure 213
TABLE 62 Products segmentation of Microsoft Corporation 214
TABLE 63 Microsoft Corporation, Growth Strategy 214
TABLE 64 Microsoft Corporation, Product Launches 217
TABLE 65 Microsoft Corporation, Partnerships 218
TABLE 66 Microsoft Corporation, Mergers and Acquisitions 218
TABLE 67 Microsoft Corporation, Business Expansions, Investment and Divestitures 218
TABLE 68 SAP SE, Key Facts 219
TABLE 69 SAP SE, Ownership Structure 219
TABLE 70 Products segmentation of SAP SE 220
TABLE 71 SAP SE, Growth Strategy 220
TABLE 72 SAP SE, Product Launches 223
TABLE 73 SAP SE, Partnerships 224
TABLE 74 SAP SE, Mergers and Acquisitions 224
TABLE 75 SAP SE, Business Expansions, Investment and Divestitures 224
TABLE 76 Welch Allyn, Key Facts 225
TABLE 77 Welch Allyn, Ownership Structure 225
TABLE 78 Products segmentation of Welch Allyn 226
TABLE 79 Welch Allyn, Growth Strategy 226
TABLE 80 Welch Allyn, Product Launches 229
TABLE 81 Welch Allyn, Partnerships 230
TABLE 82 Welch Allyn, Mergers and Acquisitions 230
TABLE 83 Welch Allyn, Business Expansions, Investment and Divestitures 230
1.
List of Figures
FIG. 1 Scope of the Global Internet of Medical Things Market Study 16
FIG. 2 Research Methodology for the Internet of Medical Things Market Study 17
FIG. 3 Several ways Internet of Medical Things Impacts Healthcare 22
FIG. 4 Global Internet of Medical Things Market, 2019-2027 (US$ Billion) 23
FIG. 5 IoMT: Promising Future 24
FIG. 6 Prevalence of Chronic Disease in the United States (In Million) 26
FIG. 7 Common Chronic Diseases for Adults 65+, 2017, Percentage 26
FIG. 8 Timeline of Key Regulatory Changes Impacting Medical Devices 32
FIG. 9 Estimated Percentage of Connected Medical Devices Today & In Coming Years 33
FIG. 10 Value Chain Analysis in Internet of Medical Things: Connected Healthcare 37
FIG. 11 Global Internet of Medical Things Market Share, By Component, 2019 & 2027 (%) 38
FIG. 12 Global Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 38
FIG. 13 United States Adult Wearable Users and Penetration, 2017-2021, Millions and % of Population 39
FIG. 14 Global Medical Devices Internet of Medical Things Market, By Component, 2019 & 2027 (%) 40
FIG. 15 Global Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 40
FIG. 16 Worldwide Wearable Device Shipments (In Million Units) 41
FIG. 17 Global Wearable External Medical Devices IoMT Market, By Region, 2019-2027 (US$ Billion) 41
FIG. 18 Global Implanted Medical Devices IoMT Market, By Region, 2019-2027 (US$ Billion) 42
FIG. 19 Global Stationary Medical Devices IoMT Market, By Region, 2019-2027 (US$ Billion) 43
FIG. 20 Global Systems and Software Internet of Medical Things Market Share, By Component, 2019 & 2027 (%) 45
FIG. 21 Global Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 45
FIG. 22 Global Remote Device Management IoMT Market, By Region, 2019-2027 (US$ Billion) 46
FIG. 23 Global Network Bandwidth Management IoMT Market, By Region, 2019-2027 (US$ Billion) 47
FIG. 24 Global Data Analytics IoMT Market, By Region, 2019-2027 (US$ Billion) 48
FIG. 25 Global Application Security IoMT Market, By Region, 2019-2027 (US$ Billion) 49
FIG. 26 Global Network Security IoMT Market, By Region, 2019-2027 (US$ Billion) 50
FIG. 27 Global Services Internet of Medical Things Market Share, By Component, 2019 & 2027 (%) 52
FIG. 28 Global Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 52
FIG. 29 Global Deployment and Integration IoMT Market, By Region, 2019-2027 (US$ Billion) 53
FIG. 30 Global Consulting IoMT Market, By Region, 2019-2027 (US$ Billion) 54
FIG. 31 Global Support and Maintenance IoMT Market, By Region, 2019-2027 (US$ Billion) 55
FIG. 32 Global Connecting Technology Internet of Medical Things Market Size, By Region, 2019-2027 (US$ Billion) 56
FIG. 33 Benefits of Telemedicine Solutions (Percentage) 57
FIG. 34 Global Internet of Medical Things Market Share, by Application 2019 & 2027 (%) 58
FIG. 35 Global Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 58
FIG. 36 Global Telemedicine IoMT Market, By Region, 2019-2027 (US$ Billion) 59
FIG. 37 Global Clinical Operations and Workflow Management IoMT Market, By Region, 2019-2027 (US$ Billion) 60
FIG. 38 Global Connected Imaging IoMT Market, By Region, 2019-2027 (US$ Billion) 61
FIG. 39 Global Inpatient Monitoring IoMT Market, By Region, 2019-2027 (US$ Billion) 62
FIG. 40 Global Medication Management IoMT Market, By Region, 2019-2027 (US$ Billion) 63
FIG. 41 Global Other IoMT Applications Market, By Region, 2019-2027 (US$ Billion) 64
FIG. 42 Global Internet of Medical Things Market Share by End-User, 2019 & 2027 (%) 65
FIG. 43 Percentage of Hospitals Fully or Partially Implementing Computerized Telehealth System, 2010-2017 66
FIG. 44 Global Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 66
FIG. 45 Global Hospitals, Surgical Centers, and Clinics IoMT Market, By Region, 2019-2027 (US$ Billion) 67
FIG. 46 Global Clinical Research Organizations Internet of Medical Things Market, By Region, 2019-2027 (US$ Billion) 68
FIG. 47 Global Other End-Users Internet of Medical Things Market, By Region, 2019-2027 (US$ Billion) 69
FIG. 48 Global Internet of Medical Things Market Share, By Region, 2019 & 2027 (%) 70
FIG. 49 Worldwide Healthcare Spending Per Capita, 2019 (US$) 71
FIG. 50 Number of Global Active Device Connections (Installed Base) (Billion) 71
FIG. 51 Global Internet of Medical Things Market Size, By Region, 2019-2027 (US$ Billion) 72
FIG. 52 North America Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 73
FIG. 53 North America Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 74
FIG. 54 North America Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 74
FIG. 55 North America Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 75
FIG. 56 North America Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 75
FIG. 57 North America Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 76
FIG. 58 North America Internet of Medical Things Market Size, By Country, 2019-2027 (US$ Billion) 77
FIG. 59 United States Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 77
FIG. 60 United States Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 79
FIG. 61 United States Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 79
FIG. 62 United States Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 80
FIG. 63 United States Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 80
FIG. 64 United States Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 81
FIG. 65 Canada Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 83
FIG. 66 Canada Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 84
FIG. 67 Canada Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 84
FIG. 68 Canada Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 85
FIG. 69 Canada Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 85
FIG. 70 Canada Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 86
FIG. 71 Rest of North America Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 88
FIG. 72 Rest of North America Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 89
FIG. 73 Rest of North America Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 89
FIG. 74 Rest of North America Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 90
FIG. 75 Rest of North America Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 90
FIG. 76 Rest of North America Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 91
FIG. 77 Europe Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 93
FIG. 78 Europe Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 94
FIG. 79 Europe Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 94
FIG. 80 Europe Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 95
FIG. 81 Europe Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 95
FIG. 82 Europe Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 96
FIG. 83 Europe Internet of Medical Things Market Size, By Country, 2019-2027 (US$ Billion) 97
FIG. 84 France Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 97
FIG. 85 France Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 98
FIG. 86 France Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 98
FIG. 87 France Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 99
FIG. 88 France Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 100
FIG. 89 France Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 100
FIG. 90 Germany Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 102
FIG. 91 Germany Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 103
FIG. 92 Germany Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 103
FIG. 93 Germany Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 104
FIG. 94 Germany Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 104
FIG. 95 Germany Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 105
FIG. 96 Italy Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 107
FIG. 97 Italy Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 108
FIG. 98 Italy Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 108
FIG. 99 Italy Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 109
FIG. 100 Italy Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 109
FIG. 101 Italy Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 110
FIG. 102 Spain Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 112
FIG. 103 Spain Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 113
FIG. 104 Spain Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 113
FIG. 105 Spain Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 114
FIG. 106 Spain Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 114
FIG. 107 Spain Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 115
FIG. 108 United Kingdom Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 117
FIG. 109 United Kingdom Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 118
FIG. 110 United Kingdom Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 118
FIG. 111 United Kingdom Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 119
FIG. 112 United Kingdom Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 119
FIG. 113 United Kingdom Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 120
FIG. 114 Rest of Europe Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 122
FIG. 115 Rest of Europe Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 123
FIG. 116 Rest of Europe Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 123
FIG. 117 Rest of Europe Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 124
FIG. 118 Rest of Europe Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 124
FIG. 119 Rest of Europe Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 125
FIG. 120 Asia-Pacific Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 127
FIG. 121 Asia-Pacific Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 128
FIG. 122 Asia-Pacific Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 128
FIG. 123 Asia-Pacific Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 129
FIG. 124 Asia-Pacific Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 129
FIG. 125 Asia-Pacific Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 130
FIG. 126 Asia-Pacific Internet of Medical Things Market Size, By Country, 2019-2027 (US$ Billion) 131
FIG. 127 China Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 131
FIG. 128 China Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 133
FIG. 129 China Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 133
FIG. 130 China Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 134
FIG. 131 China Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 134
FIG. 132 China Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 135
FIG. 133 Japan Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 137
FIG. 134 Japan Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 138
FIG. 135 Japan Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 138
FIG. 136 Japan Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 139
FIG. 137 Japan Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 139
FIG. 138 Japan Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 140
FIG. 139 India Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 142
FIG. 140 India Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 143
FIG. 141 India Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 143
FIG. 142 India Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 144
FIG. 143 India Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 144
FIG. 144 India Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 145
FIG. 145 Australia Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 147
FIG. 146 Australia Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 148
FIG. 147 Australia Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 148
FIG. 148 Australia Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 149
FIG. 149 Australia Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 149
FIG. 150 Australia Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 150
FIG. 151 Rest of APAC Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 152
FIG. 152 Rest of APAC Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 153
FIG. 153 Rest of APAC Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 153
FIG. 154 Rest of APAC Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 154
FIG. 155 Rest of APAC Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 154
FIG. 156 Rest of APAC Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 155
FIG. 157 Middle East & Africa Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 157
FIG. 158 Middle East & Africa Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 158
FIG. 159 Middle East & Africa Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 158
FIG. 160 Middle East & Africa Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 159
FIG. 161 Middle East & Africa Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 159
FIG. 162 Middle East & Africa Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 160
FIG. 163 South America Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 162
FIG. 164 South America Medical Devices Internet of Medical Things Market, By Component, 2019-2027 (US$ Billion) 163
FIG. 165 South America Systems and Software Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 163
FIG. 166 South America Services Internet of Medical Things Market Size, By Component, 2019-2027 (US$ Billion) 164
FIG. 167 South America Internet of Medical Things Market Share by Application, 2019-2027 (US$ Billion) 164
FIG. 168 South America Internet of Medical Things Market Size, By End-User, 2019-2027 (US$ Billion) 165
FIG. 169 Porter's Five forces analysis of Internet of Medical Things Market 166
FIG. 170 Market Share of Key Players in Internet of Medical Things Market, 2019 (%) 169
FIG. 171 Moments from IBM's Transformation
Boston Scientific Corporation
Cisco Systems
GE Healthcare
IBM Corporation
iRhythm Technologies
Koninklijke Philips N.V.
Medtronic
Microsoft Corporation
SAP SE and Welch Allyn