M2M Healthcare is a next generation communication system in which large number of intelligent devices are connected by wired or wireless network for interaction and exchanging information without human interference. The global M2M Healthcare Market is estimated to be valued at around US$ 4.8 Bn in 2019, and is expected to register a CAGR of 24.2%.
Global M2M Healthcare Market: Dynamics
Increasing government initiatives for deployment of smart healthcare solutions in hospitals and health service providers is a key factor expected to support growth of the global M2M healthcare market over the forecast period
In addition, wide availability of online patient communities, such as MyHealthTeams, InquisitHealth, and Smart Patients is another factor expected to bolster growth of the target market to certain extent
Furthermore, various benefits offered by M2M such as reduced time, reduced healthcare cost, easy sharing of healthcare data and remote healthcare monitoring, is also expected to propel demand for M2M healthcare services and drives growth of the market over the forecast period
However, poorly developed medical infrastructure facilities in developing is a major factor may hamper growth of the market to certain extent. Also dearth of skilled personnel to operate M2M systems may hinder growth of the global market.
Analysis By Segmentation:
The market report has been segmented on the basis of component, application and region. The component segment includes connectivity services, software platforms and applications, and M2M modules. The application segment is further bifurcated into remote health monitoring, clinical monitoring, fitness and wellness, and others. The regions include the North America, Europe, Asia Pacific, Latin America, and Middle & Africa.
The connectivity services segment accounted for highest revenue share contribution in 2018, as compared to other component segments. The connectivity services segment is expected to register highest CAGR of over 25.6% between 2019 and 2027
The remote health monitoring segment accounted for highest revenue share contribution in 2018, as compared to other application segment. The fitness and wellness segment is expected to register highest CAGR of over 25.1% between 2019 and 2027
The market in North America accounted for highest revenue share in the global M2M healthcare market in 2018. The market in Asia Pacific is expected to register a highest CAGR of over 26.2% between 2019 and 2027
Global M2M Healthcare Market: Competitive Analysis
The research report on the global M2M healthcare market includes profiles of some of the major companies such as Apple Inc., Cisco Systems, Inc., Deutsche Telekom AG, AT&T Inc., International Business Machines Corporation, Vodafone Group Plc, Nokia Corporation, Huawei Technologies Co., Ltd., Microsoft Corporation, Koninklijke Philips N.V., and General Electric Company.
The Global M2M Healthcare Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Global M2M Healthcare Market for 2017–2027.
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