In the healthcare industry, IoT technology bridges the gap between digital and physical data sources of data, by monitoring patient behavior in real time. Technologies focused around IoT infrastructure are focused towards improving the nature of telehealth services to improve accessibility of healthcare services, reducing the operation burden on healthcare facilities, and at the same time enabling development of digitized health ecosystem, seamlessly.
In 2018, the global healthcare IoT market was valued at $56.72 billion. This market is expected to reach $322.17 billion by 2025, growing at a CAGR of 29.9%
Here are the Top Healthcare IoT Device Manufacturers :
Medtronic
Founded in 1949, Medtronic is headquartered at Minnesota, U.S. The company offers a number of therapeutic medical devices across more than 30 chronic disease categories. The company operates through four operating units, namely, Cardiac and Vascular Group, Therapies Group, Minimally Invasive Therapies Group, and Diabetes Group. Some of the key IoT-enabled products offered by the company include ventilators, oximeters, defibrillators, pacemakers, and neurostimulators.
The company has its presence in more than 160 countries, and is among the leading medical device manufacturers, globally. Although, a majority of the company’s revenue is derived from its operations in the U.S. the company has a strong presence in other geographic markets as well, including, European region and APAC.
GE Healthcare
Founded in 1994 and headquarters at Illinois, U.S., GE Healthcare is a fully owned subsidiary of General Electric Company. GE Healthcare is among the leading players in the global medical devices market and operates through three business segments, namely, Healthcare Systems, Life Sciences, and Healthcare Digital. The company offers a number of IoT-enabled devices through its Healthcare Systems business unit. The key IoT enabled devices offered by the company are patient monitoring devices, respiratory care devices, diagnostic imaging systems, and anesthesia systems.
The company has its presence in more than 140 countries and as in December 2017 had nearly 52,000 employees, globally. Some of the major subsidiaries of GE Healthcare are Dharmacon Inc. (U.S.), GE Medical Systems Kretztechnik GMBH & CO OHG (Germany), and GE Medical Systems (Poland).
Philips Healthcare
Philips Healthcare operates as a subsidiary of Koninklijke Philips N.V., founded in 1891 and headquartered at Amsterdam, Netherlands. The company operates through four business segments, namely, Personal Health, Diagnosis & Treatment, and Connected Care & Health Informatics, and Healthtech Other. The company’s IoT products for the healthcare industry are offered through Connected Care & Health Informatics business segment. Philips mainly offers IoT-enabled respiratory care devices, vital signs monitoring devices, ventilators, fetal & maternal monitoring solutions, imaging systems, and patient monitors.
The company has presence in more than 100 countries across the globe with nearly 82 manufacturing units across 22 countries. Some of the major subsidiaries of Philips healthcare are Philips Healthcare (Suzhou) Co., Ltd. (China), Philips Healthcare Informatics Limited (U.K.), Philips Healthcare Informatics, Inc. (U.S.), Philips Oral Healthcare, Inc. (U.S.), and Philips Medical Systems Export, Inc. (U.S.).
Siemens
Founded in 1847 and headquartered at Berlin, Germany, Siemens is leading provider of electronics technology products and services globally. The Company operates through eight major reporting segments, namely, Siemens Healthineers, Power and Gas, Digital Factory, Siemens Gamesa Renewable Energy, Energy Management, Mobility, Process Industries and Drives, and Building Technologies, The company’s healthcare business is operated under its Siemens Healthineers business unit which mainly offers diagnostic imaging systems, ultrasound systems, point-of-care diagnostics solutions, laboratory diagnostics systems, and several other medical devices for advanced therapies.
The company is among the leading medical device manufacturers, globally and operates in more than 200 countries, either directly or through distributors.
Abbott Laboratories
Founded in 1988, Abbott Laboratories is headquartered at Chicago, U.S. The company offers a broad range of medical devices for the global market. It operates business through five major business units as nutritionals, diagnostics, pharmaceuticals, cardiovascular & neuromodulation, and others. The company offers IoT-enabled implantable cardiac monitors, pacemakers, and defibrillators through its cardiovascular & neuromodulation business unit. In addition, Abbott Diabetes Care division offers a number of wearable IoT-enabled vital signs monitoring devices.
The company has its presence in more than 130 countries, either directly or through distributors; and has manufacturing and R&D facilities in more than 100 countries across the globe.
Popular Mentions: Boston Scientific, and Honeywell Life Care Solutions
Authoritative Research on the Internet of Things (IoT) in Healthcare Market – Global Opportunity Analysis and Industry Forecast (2019-2025)
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