Low Mkt Cap
#36 of 49
$8 B
High CAGR
#18 of 49
22 %
The Internet of Things (IoT) is revolutionizing by allowing for the remote monitoring of patients and the collection of real-time data. Healthcare IoT devices include wearable sensors, smart beds, and even ingestible sensors that can track medication adherence. By 2026, the IoT market is expected to reach over $534 billion.
0 FDA approvals in Healthcare IoT
Remote Patient Monitoring
"IoT devices can be used for remote patient monitoring, allowing providers to monitor patient data in real-time and make more informed decisions about patient care." - HealthTech Magazine, October 2021
Improved Operational Efficiency
"IoT can help streamline operations by automating tasks, reducing administrative burden, and improving supply chain management." - Healthcare Information and Management Systems Society, January 2022
Personalized Healthcare
"IoT devices can provide continuous, personalized data that can be used to tailor interventions to individual patients... This can lead to better outcomes and improved patient satisfaction." - Journal of Medical Internet Research, December 2021
Investor sentiment
MarketsandMarketsMay 2021
"...The global IoT market is expected to grow at a CAGR of over 25% during the forecast period 2021-2026, driven by the increasing adoption of IoT solutions in for remote patient monitoring, telemedicine, and medical asset tracking, and the growing need for real-time and secure data analytics."
ResearchAndMarketsJune 2021
"...The global IoT market is expected to reach $142.8 billion by 2027, driven by the increasing adoption of IoT solutions in for remote patient monitoring, telemedicine, and medical asset tracking, and the growing demand for interoperable and scalable IoT platforms."
Sector leaders
Philips Healthcare
As of 2021, Philips Healthcare had 11 IoT products. These include remote patient monitoring systems, eICUs, and more. Philips has been leading the way in IoT technology since 2015, and they are showing no signs of slowing down. Their products use advanced analytics and AI to create a more efficient and effective system.
GE Healthcare
GE Healthcare has an IoT platform called Edison that uses AI to analyze patient data and improve patient care. Edison is a combination of AI, IoT, and cloud technology that helps providers make more informed decisions. In addition, GE Healthcare has a range of IoT products, including wearable sensors and remote monitoring systems.
