The Global M2M in Healthcare Market is estimated to grow at a moderate CAGR during the forecast period. Machine-to-machine (M2M) communication is a broad term that refers to any technology that allows two machines to communicate without the need for human interaction. Medical devices can be connected and designed to communicate with one another, allowing crucial data to be transmitted between them. It is used to send and receive data between mechanical and electronic equipment in an automated manner.
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M2M is a critical technology in healthcare that improves patient care and provides remote diagnostic solutions. It has a sensor that records physiologic data including heart rate, brain imaging, among others. In addition to this, the recording is transferred to a specific software application through a wired or wireless communication that converts the recorded data into useful information for physicians who are far away from the patient. These sensors might be placed in a patient’s body 24 hours a day, seven days a week, to allow doctors to monitor their health.
Increasing healthcare expenditures globally, particularly in developed nations such as North America, are driving the growth of the global healthcare M2M market. Patients’ financial burden is increased when they visit hospitals, as hospitals have high maintenance costs due to pricey machines. As a result, M2M facilities would be helpful to all of these healthcare stakeholders. The rising incidence of chronic diseases incluidng diabetes, cardiovascular disease, and cancer is propelling the growth of the global healthcare M2M market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Application
- Competitive Landscape: Sierra Wireless, Inc., Deutsche Telekom, Athena health, Inc., GE Healthcare, Apple Inc., Cisco Systems Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global M2M in Healthcare Market by Segments,
By Component
- M2M Modules
- Connectivity Services
- M2M Platforms
By Application
- Patient Well-being
- Medical Facilities
- Sports & Fitness
- Others
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