M2M Healthcare Market Skyrocketing

  • Increasing government initiatives for deployment of smart healthcare solutions is a key factor driving growth.
  • Wide availability of online patient communities, and various service providers is also driving market growth.
  • The market in North America accounted for highest revenue share.

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 $2.7 billion, 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 $4.8 billion 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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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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Krutika Bhoot

I have been into market research industry for last 2 years. I have a keen interest and deep knowledge of research industry. My goals in life are simple - to stay happy, healthy and to keep writing as long as I possibly can.
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