The analysts of this report recognize the growing importance of the Internet of Things (IoT) in the sector of healthcare and have come up with this report that aspires to serve as a credible business tool for targeted audiences such as IT service providers and distributors, system integrators, IoT service providers, IoT healthcare solution vendors, hospital organizations, surgical centers, and specialty clinics.
The report begins with an overview of interconnect products that will drive the adoption of artificial intelligence in telemedicine and other healthcare platforms, explores various market dynamics such as drivers, restraints, trends, and opportunities, providers evaluations and forecasts of various segments of the market, and finishes off with a dedicated section on competitive landscape wherein a number of key vendors of this market have been profiles for their latest products, technological advances, and strategic decisions.
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As per the evaluations of the report, the opportunities in the market for IoT platforms for telemedicine were worth US$1.2 billion in 2016, and are estimated to swell radically up to US$9.3 billion by the end of the forecast period, which is 2017 to 2023. The report shows that remote healthcare grew by 44% in 2016 and various companies are coming up with innovative products that are driving the effectiveness of healthcare with important medical data and enabling the gathering and distribution of personal diagnostic data securely to any cloud.
Implementation of IoT solutions for reduced cost of care, rise in investment for healthcare IoT solutions, evolution of artificial intelligence technology, and increasing penetration of connected devices in the medical sector are some of the key factors that will pave a fruitful future for the IoT platforms for telemedicine market in the near future. On the other hand, the market will be hindered by the lack of competence in deploying IoT solutions, absence of governance standards, and increased interoperability risks for hospital security.
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The report has detected that the market for IoT telemedicine platforms is also driven by their ability to reduce the cost of overall medical care, while at the same time, enhancing the reliability of data dramatically. The value of IoT telemedicine platforms moves ahead of traditional medical monitoring and brings the value of exercise to the fore. “The value of exercise has been proven and telemedicine is anticipated to be used by exercise clubs to induce members to do more exercise that is beneficial to long term health. The value of supplemental oxygen in improving endurance and building muscles will likely become a part of telemedicine platform initiatives,” says the lead analyst of the report.
Some of the key products that the report studies are: Intel 82IBM Watson IoT Thomas Jefferson University Hospital Cognitive Systems, AMD Global, Vidyo, GlobalMed, and Samsung Partner Apps.
As per the detections of the report, Intel, Apple, Samsung, Google, IBM, Alibaba, Philips, and Softbank are currently the leaders in the market for IoT telemedicine platforms and will continue to stay ahead of the curve during the forecast period with their constant striving for innovation. That being said, the report also throws light on some of the other promising players who might make a market in the market in the near future, such as Amazon, AMC Health, American Telehealth Association, AMD Global, American Well Systems, Doctor on Demand, Microsoft IoT, Olea Kiosks, AT&T, Cisco, GlobalMed, iHealth Labs, Hewlett HP IoT, oneM2M Specifications for IoT Expansion, Intel IoT Telemedicine Platforms, PTC, Symantec / Norton, Core Router, SAP, Sensogram Technologies, Teladoc, and Vivify Health.
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