Healthcare M2M Market Consumer Trend Analysis 2021 Sales Strategy, Industry Landscape, Global Significant Growth, Size, Share, Business Opportunities, Gross Margin, Comprehensive Research To 2026
Healthcare M2M Market Consumer Trend Analysis 2021 Sales Strategy, Industry Landscape, Global Significant Growth, Size, Share, Business Opportunities, Gross Margin, Comprehensive Research To 2026
Published by Coherent Market Insights
Posted on September 9, 2021
CMI published a business research report on “Healthcare M2M Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Healthcare M2M with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Healthcare M2M Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Healthcare M2M Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
Healthcare is one of the most fundamental necessities, which not only increases the quality of life, but also augments life expectancy, thereby providing future security to an individual. Machine-to-Machine (M2M) is an important tool in the global healthcare sector that aids in improving patient care and provides remote diagnostic solutions. It contains a sensor that records particular physiologic conditions, such as heart rate, brain images, etc. Subsequently, the recording is transmitted either through wired or wireless communication to specific software applications, which convert the recorded data into usable information for physicians who are far away from their patients. These sensors may be attached to the patient’s body 24×7 in order to gauge the health status determined by the physician. The M2M tool enhances healthcare facilities in various ways, as it provides advanced quality of care to patients and ample convenience to both the caregiver and the care receiver. This technology therefore consists of two types – wired and wireless technologies. These devices play a vital role in the reduction of healthcare costs, improvement of patient care, and advancement of medical regimes. Thus, the M2M healthcare technique is immensely beneficial, as it saves time by connecting the healthcare providers, patients, and treatment systems over the internet. The major functions carried out by the M2M healthcare systems include home monitoring, assisted living, clinical monitoring, and telemedicine.
Global Healthcare M2M Market Overview
One of the major factors driving growth of the global healthcare M2M market is increasing global expenditure on healthcare, especially in the developed regions of the world, such as North America. According to the statistics presented by the World Economic Forum in 2016, Norway, Switzerland, and the U.S. are the world’s three biggest healthcare spenders, which spend nearly US$ 9,715 per person (9.6% of GDP), US$ 9,276 per person (11.5% of GDP), and US$ 9,146 per person (17.1% of GDP) respectively. Visiting hospitals increases financial burden on patients, as hospitals have high maintaining charges due to expensive machines. Therefore, M2M facilities would be beneficial to all these stakeholder in healthcare industry. Increasing prevalence of chronic disease such as diabetes, cardiovascular disease, and cancer worldwide is further fueling growth of the healthcare M2M market. According to The International Diabetes Federation’s (IDF) Diabetes Atlas in 2017, the worldwide prevalence of diabetes was nearly 425 million patients. According to World Health Organization (WHO), cancer is one of leading non-communicable disease and second leading cause of death worldwide. As reported by the International Agency for Research on Cancer (IARC) in 2012, around 14.1 million new cases, 8.8 million death, and 32.6 million people were suffering from cancer. Thus high prevalence of chronic disease needs continuous monitoring and follow-up with physician, which may not be possible with sole reliance on physical infrastructure. According to the United Nation report, titled ‘World Population Prospect- 2017’ revision, the global populace aged over 60 years is expected to expand from 962 million to 1.3 billion by 2030. Furthermore, continuous advancement in wireless technology to bridge gap between the healthcare provider and healthcare receiver is a key factor propelling the growth of the global healthcare M2M market.
Reasons to Purchase this Report
Current and future of global Healthcare M2M market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
North America leads the global healthcare M2M market, owing to growing concern for healthcare expenditure in this region. According to Organization for Economic Cooperation and Development (OECD), 2017, the U.S. has highest per capita health expenditure of around US$ 10,000. Healthcare M2M can reduce this cost at significant rate. It would also facilitate more outpatient visitor than inpatient visitors that cost highest among healthcare expenditures. Increasing prevalence of chronic disease also fuelling the growth of the healthcare M2M market. According to the International Diabetes Federation report in 2017, around US$3 77 Billion are spent annually in the U.S. in which diabetes accounted for around 52% of total healthcare expenditure. According to a study published in American College of Cardiology Journal in 2017, cardiovascular disease accounts for around 800,000 deaths in the U.S. annually, an average of one person dies from CVD every 40 seconds in the U.S. Healthcare M2M allows continuous monitoring of patients and timely follow up thereby helps in reducing sudden cardiac death. Furthermore, lack of skilled physician is expected to propel growth of the healthcare M2M market. According to study conducted by the American Association of Medical Colleges, the U.S. would have shortage of around 40,800 and 104,900 physicians by 2030. Difficulty in getting reimbursement in certain cases would also promote use of healthcare M2M market.
Moreover, the emerging economies of Asia Pacific, such as China and India, are expected to witness lucrative growth of the healthcare M2M market as these countries have highest world population and lack of proper healthcare facilities. In addition, telemedicine facilities are expected to drive growth of the market in these regions over the forecast period.
Global Healthcare M2M Market – Competitive Landscape
The key players operating in the global healthcare M2M market include Sierra Wireless, Inc., Deutsche Telekom, Athena health, Inc., GE Healthcare, Apple Inc., Cisco Systems Inc., IBM Corporation, Stanley Healthcare, Allscripts Healthcare Solutions Inc., AT&T Inc., and Gemalto NV.
Major Point Answered in Healthcare M2M Market Research Study are: –
What will the market growth rate, Overview and Analysis by Type of Healthcare M2M market in 2026?
What are the key factors driving, Analysis by Applications and Countries Healthcare M2M market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Healthcare M2M market?
Who are Opportunities, Risk and Driving Force of Healthcare M2M market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the key vendors in Healthcare M2M market space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Healthcare M2M market opportunities and threats faced by the vendors in the market?
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
CMI published a business research report on “Healthcare M2M Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Healthcare M2M with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Healthcare M2M Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Healthcare M2M Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
Healthcare is one of the most fundamental necessities, which not only increases the quality of life, but also augments life expectancy, thereby providing future security to an individual. Machine-to-Machine (M2M) is an important tool in the global healthcare sector that aids in improving patient care and provides remote diagnostic solutions. It contains a sensor that records particular physiologic conditions, such as heart rate, brain images, etc. Subsequently, the recording is transmitted either through wired or wireless communication to specific software applications, which convert the recorded data into usable information for physicians who are far away from their patients. These sensors may be attached to the patient’s body 24×7 in order to gauge the health status determined by the physician. The M2M tool enhances healthcare facilities in various ways, as it provides advanced quality of care to patients and ample convenience to both the caregiver and the care receiver. This technology therefore consists of two types – wired and wireless technologies. These devices play a vital role in the reduction of healthcare costs, improvement of patient care, and advancement of medical regimes. Thus, the M2M healthcare technique is immensely beneficial, as it saves time by connecting the healthcare providers, patients, and treatment systems over the internet. The major functions carried out by the M2M healthcare systems include home monitoring, assisted living, clinical monitoring, and telemedicine.
Global Healthcare M2M Market Overview
One of the major factors driving growth of the global healthcare M2M market is increasing global expenditure on healthcare, especially in the developed regions of the world, such as North America. According to the statistics presented by the World Economic Forum in 2016, Norway, Switzerland, and the U.S. are the world’s three biggest healthcare spenders, which spend nearly US$ 9,715 per person (9.6% of GDP), US$ 9,276 per person (11.5% of GDP), and US$ 9,146 per person (17.1% of GDP) respectively. Visiting hospitals increases financial burden on patients, as hospitals have high maintaining charges due to expensive machines. Therefore, M2M facilities would be beneficial to all these stakeholder in healthcare industry. Increasing prevalence of chronic disease such as diabetes, cardiovascular disease, and cancer worldwide is further fueling growth of the healthcare M2M market. According to The International Diabetes Federation’s (IDF) Diabetes Atlas in 2017, the worldwide prevalence of diabetes was nearly 425 million patients. According to World Health Organization (WHO), cancer is one of leading non-communicable disease and second leading cause of death worldwide. As reported by the International Agency for Research on Cancer (IARC) in 2012, around 14.1 million new cases, 8.8 million death, and 32.6 million people were suffering from cancer. Thus high prevalence of chronic disease needs continuous monitoring and follow-up with physician, which may not be possible with sole reliance on physical infrastructure. According to the United Nation report, titled ‘World Population Prospect- 2017’ revision, the global populace aged over 60 years is expected to expand from 962 million to 1.3 billion by 2030. Furthermore, continuous advancement in wireless technology to bridge gap between the healthcare provider and healthcare receiver is a key factor propelling the growth of the global healthcare M2M market.
Reasons to Purchase this Report
Current and future of global Healthcare M2M market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
North America leads the global healthcare M2M market, owing to growing concern for healthcare expenditure in this region. According to Organization for Economic Cooperation and Development (OECD), 2017, the U.S. has highest per capita health expenditure of around US$ 10,000. Healthcare M2M can reduce this cost at significant rate. It would also facilitate more outpatient visitor than inpatient visitors that cost highest among healthcare expenditures. Increasing prevalence of chronic disease also fuelling the growth of the healthcare M2M market. According to the International Diabetes Federation report in 2017, around US$3 77 Billion are spent annually in the U.S. in which diabetes accounted for around 52% of total healthcare expenditure. According to a study published in American College of Cardiology Journal in 2017, cardiovascular disease accounts for around 800,000 deaths in the U.S. annually, an average of one person dies from CVD every 40 seconds in the U.S. Healthcare M2M allows continuous monitoring of patients and timely follow up thereby helps in reducing sudden cardiac death. Furthermore, lack of skilled physician is expected to propel growth of the healthcare M2M market. According to study conducted by the American Association of Medical Colleges, the U.S. would have shortage of around 40,800 and 104,900 physicians by 2030. Difficulty in getting reimbursement in certain cases would also promote use of healthcare M2M market.
Moreover, the emerging economies of Asia Pacific, such as China and India, are expected to witness lucrative growth of the healthcare M2M market as these countries have highest world population and lack of proper healthcare facilities. In addition, telemedicine facilities are expected to drive growth of the market in these regions over the forecast period.
Global Healthcare M2M Market – Competitive Landscape
The key players operating in the global healthcare M2M market include Sierra Wireless, Inc., Deutsche Telekom, Athena health, Inc., GE Healthcare, Apple Inc., Cisco Systems Inc., IBM Corporation, Stanley Healthcare, Allscripts Healthcare Solutions Inc., AT&T Inc., and Gemalto NV.
Major Point Answered in Healthcare M2M Market Research Study are: –
What will the market growth rate, Overview and Analysis by Type of Healthcare M2M market in 2026?
What are the key factors driving, Analysis by Applications and Countries Healthcare M2M market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Healthcare M2M market?
Who are Opportunities, Risk and Driving Force of Healthcare M2M market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the key vendors in Healthcare M2M market space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Healthcare M2M market opportunities and threats faced by the vendors in the market?
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Contact:
Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Email: sales@coherentmarketinsights.com United States of America: +1-206-701-6702 United Kingdom: +44-020-8133-4027 Japan: +050-5539-1737 India: +91-848-285-0837