Global & Philippines IoT Medical Devices Market to 2033
Description
Portugal is emerging as a significant market for IoT medical devices, driven by an increasing emphasis on digital health transformation, enhanced healthcare access, and a strategic focus on utilizing technology to improve patient outcomes and operational efficiency within its national health service (SNS).
The country is making substantial investments in digital health initiatives to promote innovation and collaboration, exemplified by Digital Health Portugal, a civil society initiative dedicated to overhauling healthcare systems. Additionally, the Portugal Digital Strategy aims to swiftly and effectively implement digital solutions across various sectors, including healthcare.
In the realm of IoT, Portuguese healthcare is witnessing developments in several critical areas. For example, Sword Health, a digital health company established in 2015, has created a tele-rehabilitation service that employs wearable motion sensors and artificial intelligence to facilitate physical therapy at home. Another notable company, Knok Healthcare, provides a tele-consultation platform that enables remote access to primary healthcare, which proved particularly valuable during the COVID-19 pandemic. HopeCare, another Portuguese digital health firm, has developed an analytical system for remote patient monitoring, offering solutions like HCAlert that continuously track vital signs and assist in managing chronic diseases from home. These instances illustrate a robust foundation of companies and initiatives dedicated to remote care, utilizing IoT to connect patients with healthcare providers and monitor health from a distance.
Moreover, there is significant potential for IoT applications in the monitoring and treatment of illnesses, particularly chronic diseases. A review on IoT-based patient monitoring published by MDPI in July 2023 suggests that IoT could reduce care costs for chronic patients by 10–15%. The Rise of Digital Telecare in Portugal indicates a new era of interconnected support in health and social care, highlighting the importance of digital health solutions in improving accessibility and the quality of patient care.
The country is making substantial investments in digital health initiatives to promote innovation and collaboration, exemplified by Digital Health Portugal, a civil society initiative dedicated to overhauling healthcare systems. Additionally, the Portugal Digital Strategy aims to swiftly and effectively implement digital solutions across various sectors, including healthcare.
In the realm of IoT, Portuguese healthcare is witnessing developments in several critical areas. For example, Sword Health, a digital health company established in 2015, has created a tele-rehabilitation service that employs wearable motion sensors and artificial intelligence to facilitate physical therapy at home. Another notable company, Knok Healthcare, provides a tele-consultation platform that enables remote access to primary healthcare, which proved particularly valuable during the COVID-19 pandemic. HopeCare, another Portuguese digital health firm, has developed an analytical system for remote patient monitoring, offering solutions like HCAlert that continuously track vital signs and assist in managing chronic diseases from home. These instances illustrate a robust foundation of companies and initiatives dedicated to remote care, utilizing IoT to connect patients with healthcare providers and monitor health from a distance.
Moreover, there is significant potential for IoT applications in the monitoring and treatment of illnesses, particularly chronic diseases. A review on IoT-based patient monitoring published by MDPI in July 2023 suggests that IoT could reduce care costs for chronic patients by 10–15%. The Rise of Digital Telecare in Portugal indicates a new era of interconnected support in health and social care, highlighting the importance of digital health solutions in improving accessibility and the quality of patient care.
Table of Contents
128 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Philippines IoT Medical Devices Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. IoT Medical Devices Market Key Market Dynamics
- 5.1 IoT Medical Devices Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Philippines IoT Medical Devices Market – Analysis
- 6.1 Philippines IoT Medical Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Philippines IoT Medical Devices Market Revenue and Forecast Analysis
- 7. Philippines IoT Medical Devices Market Analysis – by Product
- 7.1 Philippines IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Philippines IoT Medical Devices Market Analysis – by Technology
- 8.1 Philippines IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Technology
- 9. Philippines IoT Medical Devices Market Analysis – by Application
- 9.1 Philippines IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 10. Philippines IoT Medical Devices Market Analysis – by End User
- 10.1 Philippines IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 Medtronic Plc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 GE HealthCare Technologies Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Koninklijke Philips NV
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Abbott Laboratories
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Boston Scientific Corp
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Omron Healthcare Inc
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Baxter International Inc
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Siemens Healthineers AG
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Johnson & Johnson
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Dragerwerk AG & Co KGaA
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
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