M2M Healthcare Market Reckoned Double Digit CAGR Be 24.2% By 2028
New York City, NY: Sept 11, 2019 – Published via (Wired Release) – 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 first four-year cumulative revenue (2019–2022) is projected to be around US$ 2.7 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. 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: Market Dynamics
Increasing government initiatives for deployment of smart healthcare solutions in hospitals, specialty clinics and various healthcare service providers is a key factor expected to support growth of the global market over the forecast period
In addition, wide availability of online patient communities, and various service providers such as MyHealthTeams, InquisitHealth, and Smart Patients is another factor anticipated to support growth of the target market over the long run
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Furthermore, various benefits offered by M2M in healthcare sector such as reduced time, reduced healthcare cost, easy sharing of healthcare data and remote healthcare monitoring, which is expected to boost demand for M2M healthcare services and propel growth of the market over the forecast period
Technological advancements and increasing R&D activities by leading players, is expected to create new opportunities in terms of revenue in the target market over the forecast period
Global M2M Healthcare Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global M2M healthcare market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global M2M healthcare market is expected to register a CAGR of 24.5% during the forecast period.
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Global M2M Healthcare Market: Segmental Snapshot
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.
By Component: 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
By Application: 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
By Region: 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
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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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