Global IoT and Virtual Hospital Market, By Component, By Application, By End User, By Region

Description

The global IoT and virtual hospital market size is expected to reach US$ 47.24 Bn by 2030, from US$ 14.51 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 18.4% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 14.51 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	18.40%	2030/2031 Value Projection:	US$ 47.24 Bn

Figure 1. Global IoT and Virtual Hospital Market Share (%), By Region, 2023

Global IoT and Virtual Hospital Market - IMG1

The Internet of Things (IoT) and emergence of virtual hospitals are revolutionizing the future of healthcare globally. IoT refers to the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity, which enables these things to connect, collect, and exchange data. The trend of IoT integration in healthcare sector promises improved patient care through monitoring health remotely and preventive care. On the other hand, virtual hospitals utilize digital technology and tools to deliver outpatient services and specialized care to people in remote locations. This approach helps overcome challenges of limited physical infrastructure and staff shortage in rural areas. Gradually, IoT backed virtual hospitals would become a go-to solution for non-emergency care services worldwide.

Market Dynamics:

The global IoT and virtual hospital market is driven by the rising need for improved and affordable healthcare amid growing geriatric population, increasing incidence of chronic diseases, and shortage of doctors in several regions. However, high investment requirements for setting up virtual infrastructure, data security concerns pertaining to privacy of patient records, and interoperability issues between different IoT medical devices act as restraints. Meanwhile, the market sees lucrative opportunities from the growing adoption of telehealth and telemedicine services. The COVID-19 pandemic further accelerated the digital transformation of the healthcare sector and boosted remote patient monitoring and virtual consultations using IoT-based solutions.

Increasing adoption of IoT in healthcare is expected to boost the growth of the global IOT and virtual hospital market over the forecast period. For instance, in January 2021, Ivanti, the automation platform that helps make every IT connection smarter and more secure, announced the release of Ivanti Neurons for healthcare, which enhances visibility into medical IoT devices and enables security teams to proactively detect and remediate vulnerabilities. Ivanti Neurons also now integrates with MobileIron Cloud, providing a single pane of glass for enterprises to self-heal and self-secure devices, and self-service end users. With a new application service mapping add-on for Ivanti Neurons for Discovery, IT teams can profile and mitigate risks associated with changes and achieve faster recovery from unexpected downtime.

Key Features of the Study:

This report provides an in-depth analysis of the global IOT and virtual hospital market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global IOT and virtual hospital market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Microsoft, IBM, Oracle, GE Healthcare, Siemens, Cerner, Allscripts, McKesson, Koninklijke Philips, and Medtronic
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global IOT and virtual hospital market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IOT and virtual hospital market

Detailed Segmentation:

Global IOT and Virtual Hospital Market, By Component
- Hardware
- Software and Services
- Connectivity Devices
Global IOT and Virtual Hospital Market, By Application
- Remote Patient Monitoring
- Telemedicine
- Store And Forward Telemedicine
- Mhealth
- Others
Global IOT and Virtual Hospital Market, By End User
- Hospitals And Surgical Centers
- Clinical Research Organizations
- Government And Defense Organizations
- Research And Diagnostics Laboratories
Global IOT and Virtual Hospital Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Top Companies in the Global IOT and Virtual Hospital Market:
- Microsoft
- IBM
- Oracle
- GE Healthcare
- Siemens
- Cerner
- Allscripts
- McKesson
- Koninklijke Philips
- Medtronic

Product Code: CMI6514

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global IoT and Virtual Hospital Market, By Component
- Global IoT and Virtual Hospital Market, By Application
- Global IoT and Virtual Hospital Market, By End User
- Global IoT and Virtual Hospital Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Growing Adoption of Connected Devices and Connectivity
- Increasing Demand for Remote Patient Monitoring
- Growing Need for Real-time Healthcare Delivery
Key Highlights
Regulatory Scenario
Recent Trends
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global IoT and Virtual Hospital Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global IoT and Virtual Hospital Market, By Component, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Software and Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Connectivity Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

6. Global IoT and Virtual Hospital Market, By Application, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Remote Patient Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Telemedicine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Store and Forward Telemedicine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Mhealth
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

7. Global IoT and Virtual Hospital Market, By End User, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Hospitals and Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Clinical Research Organizations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Government and Defence Organizations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Research and Diagnostics Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

8. Global IoT and Virtual Hospital Market, By Region, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030,(US$ Mn)
North Africa
Central Africa
South Africa

9. Competitive Landscape

Company Profile
- Microsoft
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- IBM
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Oracle
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- GE Healthcare
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Siemens
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Cerner
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Strategies
- Allscripts
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- McKesson
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Koninklijke Philips
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Medtronic
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views

10. Section

References
Research Methodology
About us