Healthcare M2M Market Increasing At A Phenomenal Pace To Reach USD 26.03 Billion By 2028


The Scope of the Report

Major factor driving growth of the healthcare M2M market is increasing expenses on healthcare worldwide, especially in the developed regions such as North America. According to statistics given by World Economic Forum in 2016, Norway, Switzerland, and the US are the world’s three biggest healthcare spenders and spent nearly US$ 9,715 per person, which is 9.6% of GDP, US$ 9,276 per person which is 11.5% of GDP, and US$ 9,146 per person which is 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 United Nation report titled World Population Prospect- 2017 revision, global population of people aged over 60 years is expected to rise 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 key factor driving growth of the healthcare M2M market.

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The top Leading Market Players Covered in this Report are : AT&T (U.S.), Verizon (U.S.), Gemalto (The Netherlands), Vodafone (U.K.), China Mobile (China), Sierra Wireless (Canada), Telefonica (Spain), Telit Communications (U.K), and Deutsche Telekom (Germany), among others..

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Covid-19 Coverage

With the advent of COVID-19, it is now more crucial than ever to understand its effects on overall market growth to make better decisions that will allow investors to stay ahead of the competition. Zion Market Research’s most recent report included a thorough influence analysis of the COVID-19 pandemic on the current market situation, its impact on overall profit-making.

Global Healthcare M2M market Witness Most Promising Rise in Demand

According to a recent industry analysis published by Zion Market Research, the worldwide Healthcare M2M market would grow at a healthy rate throughout the forecast year. Rapid technological advancements, rising investment in research & development, and rising demand from a variety of end-users are just a few of the factors that will propel the global Healthcare M2M industry forward. The research focuses on important market categories and geographies, providing in-depth information on the latest trends, revenue, and prospects in the global Healthcare M2M market.

Competitor Analysis

The most recent market research provides a detailed study of ten leading industry players who control about half of the Healthcare M2M market. These market participants were chosen based on market share, business categories, net revenue, product portfolio, R&D investment, subsidiaries, and geographic presence, among other variables. Investors will benefit from a detailed analysis of significant market participants to better understand the current market situation, industry rivalry, market-dominating businesses, and their future investment plans. This will aid investors who are already in the market or who are planning to enter it in order to make better decisions.

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The report examined various market segments in order to provide a comprehensive picture of the industry. The segment analysis is based on in-depth research of current market trends, product demand, and future trends that will propel a certain market segment’s growth throughout the forecast period. Investors might focus on a certain market sector that will contribute to the organization’s speedy growth by studying the nuances of market segments.

Regional Information

Major geographical regions such as North America, Europe, Asia Pacific, Latin America, the Middle East & Africa are covered in the global Healthcare M2M market study. The research looks at current & future growth forecasts, untapped markets at the country level, consumption scenarios, product demand, and market growth variables in the region.

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Report Methodology

The study on the global Healthcare M2M market by Zion Market Research was generated using extensive secondary research, which is backed up by primary research. All the data gathered through secondary research is a collection from reliable sources such as SEC filings, yearly reports, various institutions, and government websites. A top-down and bottom-up methodology has also been employed to forecast the market size of the worldwide Healthcare M2M market for the forecast period of 2022-2028. Furthermore, the research analyst has designed a report that will allow the user to readily comprehend the industry by employing an analytical method and a complete examination of the market.

Why should buy this report from Zion?

This recently published report on the global Healthcare M2M market enables users to comprehend competition analysis, key market segments, revenue sources, and current market trends. Each chapter in the study is arranged in a logical order to provide a better understanding of the market. Each of the statistical analyses presented in the study is backed up by data gathered from reliable sources, allowing for a clearer picture of the market.

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