Press Releases
 
US$10.05 bn Healthcare M2M Market to Witness Steady Growth in 2023

, 3 January 2018 -- Healthcare M2M Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Some of the leading players operating in the healthcare M2M (machine-to-machine) market are Telefonica S.A., AT&T Inc., Vodafone Group plc, and GE Healthcare. Developing innovative healthcare data management methods and offering user-friendly IoT solutions are seminal factors governing the competitive dynamics in the market. Several players are keen on offering M2M solutions on cloud models to gain a competitive edge over others, finds Transparency Market Research (TMR).

Obtain Report Details @ https://www.transparencymarketresearch.com/healthcare-m2m-market.html

The leading players are developing advanced M2M platforms that address remote patient monitoring and help in bridging the patient-physician gap. Numerous companies are entering into strategic alliances, in a move to consolidate their market presence and enhance their brand value. These M2M solutions are aimed at improving the affordability and quality of care, reducing administrative costs, and increasing the accuracy of diagnosis.

The valuation of the healthcare M2M market stood at US$1.56 bn in 2014 and is anticipated to grow at a CAGR of 22.5% from 2015 to 2023. Growing at this pace, the opportunities in the market is expected to surge to US$10.05 bn by the end of the forecast period.

Ease of Operations in Patient Care Bolster Adoption of M2M Solutions

Geographically, North America is expected to dominate the healthcare M2M market throughout the forecast period. The increased deployment of healthcare M2M solution in this regional market is attributed to the several benefits, attributed mainly to patent-centric focus of a number of healthcare facilities. The regional market is projected to reach US$3.08 bn by the end of the forecast period.

Based on application, the healthcare M2M market is segmented into patient well-being, medical facilities, sports and fitness, implants, and research and education; of these the patient well-being segment is expected to occupy a gargantuan share in the market. The application of M2M technologies in the area of patient well-being is driven by the substantial benefits enjoyed by healthcare institutions in terms of operational improvements and reduced administrative costs.

Healthcare M2M Solutions Become More Pervasive With Proliferation of IoT

A variety of factors are pushing the demand for M2M solutions in the healthcare sector. The demand for reducing the gap between patients and physicians, the need for safer patient care, and substantial improvements in efficiency and accuracy are the crucial factors boosting the uptake of M2M connectivity solutions in healthcare. The paucity of qualified care professionals has led to a marked gap between patients and physicians. The demand for better patient monitoring methods for a large part of populations suffering from chronic ailments is anticipated to boost the healthcare M2M market. The need for remote monitoring of populations through the connectivity of patient care devices with the implementation of IoT systems at hospitals and care centers has bolstered the uptake of M2M in healthcare.

The need for reducing operational cost for the management of large number of operations in hospitals has propelled the need for the healthcare M2M solutions across various regions. The advent of patient-centric solutions in various developing regions to improve treatment procedures has catalyzed the market.

The lack of a standardized connected device platform among vendors is a key factor likely to hinder the healthcare M2M market to some extent. Nevertheless, with the proliferation of IoT, the adoption of M2M solutions will become more pervasive, which is expected to open promising opportunities for the development of a common platform for the delivery of M2M solutions. Furthermore, the growing popularity of IoT and advancements in alternate connected technologies are expected to accentuate the healthcare M2M market. In addition, the adoption of wearable devices among health-conscious people is expected to open up abundant opportunities for market players.

Download Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8590

The study presented here is based on a report by Transparency Market Research (TMR) titled “Healthcare M2M Market (Component - M2M Modules (Cellular and Satellite), Connectivity Services, and M2M Applications and Platforms; Application - Patient Well-being, Medical Facilities, Sports and Fitness, Implants, and Research and Education) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

# # #


Submitted by Sandy Researcher, Transparency Market Research on Wednesday, 3 January 2018 at 5:52 PM
Category: Health Care & Medical
 
Related News

Pain Management Improved With Sleep Aid Supplements
Saturday, 21 Jul 2018

Solve.Care Welcomes Vincent Everts as New Member of the Company’s Advisory Board
Saturday, 21 Jul 2018

Care.Card UX Contest Gathered more than 200 individuals and organizations to participate
Saturday, 21 Jul 2018

Thinking to get Thyromine?
Friday, 20 Jul 2018

What Will be the Greatest Nootropics Obtainable Inside the Industry Nowadays
Friday, 20 Jul 2018

Related Events

Mastering Clinical Challenges and Emerging Therapies in IBD
Saturday, 21 Jul 2018

Priority U LIVE
Sunday, 22 Jul 2018

Update in Orthpaedic Surgery Conference July 22-26, 2018 Grand Wailea, Maui
Sunday, 22 Jul 2018

Echocardiographic Symposium at Vail
Monday, 23 Jul 2018

Imaging in Hawaii
Monday, 23 Jul 2018

Latest News

Cloud Recovery Plan – Protect Your Business
Saturday, 21 Jul 2018

The Relationship Between Business Continuity and Disaster Recovery
Saturday, 21 Jul 2018

Fairfax Insurance Digital Marketing Agency Discuss Content Marketing
Saturday, 21 Jul 2018

Motives To purchase Infant Dresses From Online Shops
Saturday, 21 Jul 2018

Global Android POS Industry Market by Technologies, Services, Applications and Regions – Trend
Saturday, 21 Jul 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Saturday, 21 July 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Palo Alto Networks: UTD NGFW - Pune 20 July 2018
  • Townlands Carnival 2018 - Music, Art And Carnival
  • Mastering Clinical Challenges and Emerging Therapies in IBD
  • Priority U LIVE
  • Update in Orthpaedic Surgery Conference July 22-26, 2018 Grand Wailea, Maui

  • Latest Jobs
    Sorry, there are currently no entries posted here.