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From Fitbits to Smart Hospitals: IoMT Takes Healthcare by Storm

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Westford USA, April 25, 2023 (GLOBE NEWSWIRE) — The Internet of Medical Things (IoMT) market is projected to achieve a value of USD 260.33 billion by 2030, with a CAGR of 28.9% during the forecast period (2023-2030), according to the latest report by SkyQuest. The market is expected to experience significant growth in North America and Asia Pacific due to the rising healthcare costs, increasing prevalence of chronic diseases, growing aging population and technological advancement, increased adoption of wearable devices, and government initiatives. SkyQuest’s report indicates that IoMT has the potential to save $300 billion annually in the cost of the healthcare industry.

Additionally, the research shows that IMT can significantly manage chronic diseases, as World Health Organization estimates that by 2030, chronic diseases will account for 75% of all debts worldwide. It can provide real-time data, monitoring and analysis to healthcare providers.

Browse in-depth TOC on “Internet of Medical Things (IoMT) Market”

  • Pages – 242
  • Tables – 92
  • Figures – 66

IoMT devices in today’s time can monitor patient health in real-time, reduce hospital stage and improve the accuracy of diagnosis. Moreover, it can track inventory, automate processes, and streamline workflows, leading to cost savings for healthcare providers and r consumers. The IO MT market is expected to grow significantly in future, driven by the increasing adoption of wearable device advancement in technology and remote patient monitoring

Prominent Players in Internet of Medical Things (IoMT) Market

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  • Philips Healthcare
  • GE Healthcare
  • Cisco Systems
  • IBM Watson Health
  • Medtronic
  • Honeywell Life Care Solutions
  • Siemens Healthineers
  • Abbott Laboratories
  • Johnson & Johnson
  • Boston Scientific Corporation
  • Cerner Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • Qualcomm Life
  • Koninklijke Philips N.V.
  • Allscripts Healthcare Solutions
  • Qualcomm Life
  • Apple Inc.
  • ResMed
  • Proteus Digital Health

Get a sample copy of this report:

https://www.skyquestt.com/sample-request/internet-of-medical-things-market

Telemedicine Segment to Drive Higher Sales Due to the Increasing Demand for Remote Monitoring, Virtual Consultations

The rapid development of the Internet of Medical Things (IoMT) market in 2021 was largely driven by the construction and infrastructure segment, according to recent analysis. This trend is expected to continue from 2022 to 2030 due to the increasing demand for remote monitoring, virtual consultations, and e-prescriptions. SkyQuest’s report shows that 65% of healthcare executives prioritize investment in digital health technologies.

Furthermore, according to research analysis, North America is predicted to become a major player in the Internet of Medical Things (IoMT) market from 2022 to 2030. SkyQuest projects a CAGR of 18.2% for the region during the forecast period, driven by increasing adoption of advanced technologies, the presence of major players in the region, and the growing demand for connected healthcare devices. The Center for Medicare and Medicaid Services (CMS) introduced a program called Connected Care, which aims to expand telehealth services to patients with chronic conditions.

Browse summary of the report and Complete Table of Contents (ToC):

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https://www.skyquestt.com/report/internet-of-medical-things-market

Wearable medical device Segment to Exhibit Strong Growth Due to Increasing Wearables for Remote Patient Monitoring

The demand for wearable medical devices has made it the dominant segment in the Internet of Medical Things (IoMT) market in 2021 and is expected to maintain its lead from 2022 to 2030. This trend is being driven by the increasing adoption of wearables for remote patient monitoring and advancements in sensor technologies.

Moreover, the Asia Pacific has emerged as a significant force in the Internet of Medical Things (IoMT) market and is expected to continue its dominance by 2030. SkyQuest has projected substantial growth in the market for this region, with a CAGR of 20.07% during the forecast period. The region’s growth can be attributed to its increasing investments in the healthcare sector, rising demand for advanced medical devices, and government initiatives to promote digital health. Additionally, various government initiatives are supporting the market’s growth, such as the Chinese government’s “Healthy China 2030” plan, which aims to improve the quality of healthcare services in the country, and is expected to drive the adoption of IoMT solutions in the healthcare sector.

A comprehensive analysis of the major players in the Internet of Medical Things (IoMT) market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.

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Key Developments in Internet of Medical Things (IoMT) Market

  • Integrated Media Technology has announced its plans to acquire Magnum International for $11M, with the payment to be made through the issuance of approximately 3.6M ordinary shares in the company at $3.03 per share. However, the acquisition of Magnum is subject to certain conditions, including the satisfactory completion of a due diligence process on the legal and financial aspects of Magnum.
  • GE Healthcare, a company that provides medical technology, diagnostics, and digital solutions, has launched an AI-powered Cath lab called Optima IGS 320, which is “Made in India,” to improve cardiac care in India. The Cath lab is manufactured at Wipro GE Healthcare’s new factory in Bengaluru and utilizes GE’s proprietary AutoRight technology. This technology is the first neural network-based interventional image chain and utilizes artificial intelligence to automatically optimize image and dose parameters in real-time, allowing clinicians to concentrate on patient care.

Key Questions Answered in the Internet of Medical Things (IoMT) Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • List the top companies in the market and explain how they have achieved their positions of influence?
  • In what ways do regional trends and patterns differ within the global market, and how do these differences shape the market’s future growth?

Related Reports in SkyQuest’s Library:

Global Genomics Market

Global Dental Market

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Global Breast Implants Market

Global Hyperphosphatemia Market

Sleeping Pods Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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