Internet of Medical Things (IoMT) Market |2021 Analysis, Key Opportunities Major Players, Impact of COVID-19 and Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The global “Internet of Medical Things (IoMT) Market” is anticipated to reach USD 142.45 billion by 2026, with a CAGR of 28.9%, on account of the increasing prevalence of chronic diseases. This, coupled with the improving healthcare infrastructure and facilities worldwide, is primarily contributing to the growth of the market. Internet of medical things consists of a system of interrelated devices that are either connected to each other or with an external network. These devices are capable of sharing information amongst themselves with the help of internet connectivity. The advent of technological advancement in medical devices, coupled with the rise in disposable incomes of people, is anticipated to help increase the popularity of smart medical devices, ultimately boosting the Internet of Medical Things market growth.
According to a recent study by Fortune Business Insights™ titled, “Internet of Medical Things (IoMT) Market Size, Share Industry Analysis, By Product Type (Stationary Medical Devices, Implanted Medical Devices, Wearable External Medical Devices), By Application (Telemedicine, Medication Management, Patient Monitoring, Others), By End User (Healthcare Providers, Patients, Government Authorities, Others) and Regional Forecast, 2019-2026,” the market value stood at USD 18.75 billion in 2018.
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Highlights of the Report:
- In-depth analysis of various insights, namely, Internet of Medical Things (IoMT) Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Internet of Medical Things (IoMT) Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Internet of Medical Things Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
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Emergence of New Players Will Intensify Market Competition
Major internet of medical things companies are emphasizing on expanding their geographical portfolio to stay ahead of the competition. Besides this, manufacturers are investing huge sums in R D for developing and launching new products. Emerging companies in this market are further intensifying the competition with new product launches
