Global Machine to Machine (M2M) Healthcare Market Set to Reach USD 35.30 Billion by 2030, with a Healthy CAGR of 4.79% | Infinium Global Research

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Oct 12, 2023, 06:45 ET

PUNE, India, Oct. 12, 2023 /PRNewswire/ -- Infinium Global Research, a reputable market research firm, has recently released an extensive report on the Machine to Machine (M2M) Healthcare Market. This comprehensive report not only delves into the analysis of various market segments and sub-segments but also explores the impact of drivers, restraints, and macro indicators on both the global and regional Machine to Machine (M2M) healthcare market. Providing a comprehensive presentation of trends, forecasts, and financial values, this report sheds light on the promising future of the global Machine to Machine (M2M) healthcare market. The global Machine to Machine (M2M) healthcare market, valued at USD 23.00 billion in 2022, is on an upward trajectory, projected to achieve USD 35.30 billion by 2030. This journey is fuelled by a robust compound annual growth rate (CAGR) of 4.79% during the forecast period from 2023 to 2030.

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Revolutionizing Healthcare through M2M Technology

Machine-to-machine (M2M) healthcare signifies the convergence of interconnected devices and sensors within the healthcare sector, facilitating the seamless collection, transmission, and analysis of data without the need for direct human intervention. This transformative technology fosters the fluid exchange of information among medical devices, patient monitoring systems, and healthcare providers. Consequently, it leads to elevated patient care standards, reduced errors, and heightened operational efficiency. M2M healthcare's potential is expansive and holds immense promise. It empowers real-time remote patient monitoring, ensuring timely interventions and the formulation of personalized treatment plans. M2M technology plays a pivotal role in chronic disease management, tracking medication adherence, and preventive care, thus contributing to improved patient outcomes. Moreover, it acts as a catalyst for the development of predictive analytics and artificial intelligence applications, assisting healthcare professionals in making data-driven decisions. Furthermore, M2M enhances healthcare logistics and inventory management, optimizing resource allocation while simultaneously curtailing costs.

Key Drivers Propelling M2M Healthcare

The surging demand for remote patient monitoring and heightened healthcare operational efficiency underpins the machine-to-machine (M2M) healthcare market's expansion. This demand is propelled by technological advancements that enable seamless data exchange and the provision of real-time healthcare solutions. Ultimately, these innovations enhance both patient care and the overall effectiveness of healthcare systems. Moreover, the escalating prevalence of chronic diseases such as diabetes, heart conditions, and cancer acts as a pivotal driver for the growth of the M2M healthcare market. M2M technology facilitates continuous monitoring and timely interventions, thereby improving the management and outcomes of chronic illnesses. This, in turn, contributes significantly to the market's expansion.

However, the cost of installation may present a hindrance to the adoption of M2M technology in healthcare settings. Implementing M2M technology often necessitates substantial upfront investments, potentially limiting its adoption, especially among smaller healthcare providers or resource-constrained settings. This is despite the myriad benefits it offers. Nonetheless, the rapid advancement of wireless technologies presents substantial opportunities for the machine-to-machine (M2M) healthcare market. These innovations enable seamless data transmission, remote monitoring, and real-time communication, thereby enhancing the efficiency and effectiveness of healthcare services and fostering the growth of M2M solutions in the healthcare sector.

Global Domination and Accelerated Growth in Asia-Pacific

North America currently boasts the largest market share in the machine-to-machine (M2M) healthcare market. This supremacy is attributed to its robust healthcare infrastructure, technological advancements, and a proactive regulatory environment that encourages the integration of M2M technologies into healthcare systems. The United States, in particular, stands at the forefront of M2M healthcare solutions. The nation is witnessing a rising trend of healthcare providers and institutions adopting Internet of Things (IoT)-powered devices and platforms to enhance patient care and optimize operational processes.

Furthermore, the Asia-Pacific region is emerging as the fastest-growing market for M2M healthcare solutions. Factors contributing to this rapid growth include an expanding middle class, increased healthcare expenditure, and a growing aging population. As governments in countries such as China and India prioritize healthcare modernization, M2M technologies are leveraged to improve healthcare accessibility and delivery. The region's potential for exponential growth presents ample opportunities for M2M healthcare providers to tap into a burgeoning market.

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Comprehensive Market Segmentation

The global Machine to Machine (M2M) healthcare market is meticulously segmented across various key parameters:

Application:

Remote Health Monitoring
Clinical Monitoring
Fitness and Wellness
Others

Component:

Connectivity Services
M2M Platforms and Applications
M2M Modules

Competitive Landscape

The report provides profiles of the companies in the market such as Cradlepoint, Inc., AirStrip Technologies, Inc, BL Healthcare, Inc, Sierra Wireless, Thales, Deutsche Telekom AG, Allscripts/Veradigm, PharmaSecure, Stanley Black & Decker, Inc., and Ingenious Med.

As machine-to-machine (M2M) technology continues its transformative journey in healthcare, it promises to reshape the landscape, ushering in an era of heightened efficiency, innovation, and personalized healthcare. For in-depth insights into specific market segments, emerging trends, competitive dynamics, and future growth prospects, please refer to the complete research report.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Machine to Machine (M2M) Healthcare Market Highlights

2.2. Machine to Machine (M2M) Healthcare Market Projection

2.3. Machine to Machine (M2M) Healthcare Market Regional Highlights

Chapter 3. Global Machine to Machine (M2M) Healthcare Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Application

3.4.2. IGR-Growth Matrix Analysis by Component

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Machine to Machine (M2M) Healthcare Market

Chapter 4. Machine to Machine (M2M) Healthcare Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Machine to Machine (M2M) Healthcare Market

5.2. Companies Profiles

5.2.1. Cradlepoint, Inc.

5.2.2. AirStrip Technologies, Inc

5.2.3. BL Healthcare, Inc

5.2.4. Sierra Wireless

5.2.5. Thales

5.2.6. Deutsche Telekom AG

5.2.7. Allscripts/Veradigm

5.2.8. PharmaSecure

5.2.9. Stanley Black & Decker, Inc.

5.2.10. Ingenious Med

Chapter 6. Global Machine to Machine (M2M) Healthcare Market by Application

6.1. Remote Health Monitoring

6.2. Clinical Monitoring

6.3. Fitness and Wellness

6.4. Others

Chapter 7. Global Machine to Machine (M2M) Healthcare Market by Component

7.1. Connectivity Services

7.2. M2M Platforms and Application

7.3. M2M Modules

Chapter 8. Global Machine to Machine (M2M) Healthcare Market by Region 2023-2030

8.1. North America

8.1.1. North America Machine to Machine (M2M) Healthcare Market by Application

8.1.2. North America Machine to Machine (M2M) Healthcare Market by Component

8.1.3. North America Machine to Machine (M2M) Healthcare Market by Country

8.1.3.1. The U.S. Machine to Machine (M2M) Healthcare Market

8.1.3.1.1. The U.S. Machine to Machine (M2M) Healthcare Market by Application

8.1.3.1.2. The U.S. Machine to Machine (M2M) Healthcare Market by Component

8.1.3.2. Canada Machine to Machine (M2M) Healthcare Market

8.1.3.2.1. Canada Machine to Machine (M2M) Healthcare Market by Application

8.1.3.2.2. Canada Machine to Machine (M2M) Healthcare Market by Component

8.1.3.3. Mexico Machine to Machine (M2M) Healthcare Market

8.1.3.3.1. Mexico Machine to Machine (M2M) Healthcare Market by Application

8.1.3.3.2. Mexico Machine to Machine (M2M) Healthcare Market by Component

8.2. Europe

8.2.1. Europe Machine to Machine (M2M) Healthcare Market by Application

8.2.2. Europe Machine to Machine (M2M) Healthcare Market by Component

8.2.3. Europe Machine to Machine (M2M) Healthcare Market by Country

8.2.3.1. Germany Machine to Machine (M2M) Healthcare Market

8.2.3.1.1. Germany Machine to Machine (M2M) Healthcare Market by Application

8.2.3.1.2. Germany Machine to Machine (M2M) Healthcare Market by Component

8.2.3.2. United Kingdom Machine to Machine (M2M) Healthcare Market

8.2.3.2.1. United Kingdom Machine to Machine (M2M) Healthcare Market by Application

8.2.3.2.2. United Kingdom Machine to Machine (M2M) Healthcare Market by Component

8.2.3.3. France Machine to Machine (M2M) Healthcare Market

8.2.3.3.1. France Machine to Machine (M2M) Healthcare Market by Application

8.2.3.3.2. France Machine to Machine (M2M) Healthcare Market by Component

8.2.3.4. Italy Machine to Machine (M2M) Healthcare Market

8.2.3.4.1. Italy Machine to Machine (M2M) Healthcare Market by Application

8.2.3.4.2. Italy Machine to Machine (M2M) Healthcare Market by Component

8.2.3.5. Rest of Europe Machine to Machine (M2M) Healthcare Market

8.2.3.5.1. Rest of Europe Machine to Machine (M2M) Healthcare Market by Application

8.2.3.5.2. Rest of Europe Machine to Machine (M2M) Healthcare Market by Component

8.3. Asia Pacific

8.3.1. Asia Pacific Machine to Machine (M2M) Healthcare Market by Application

8.3.2. Asia Pacific Machine to Machine (M2M) Healthcare Market by Component

8.3.3. Asia Pacific Machine to Machine (M2M) Healthcare Market by Country

8.3.3.1. China Machine to Machine (M2M) Healthcare Market

8.3.3.1.1. China Machine to Machine (M2M) Healthcare Market by Application

8.3.3.1.2. China Machine to Machine (M2M) Healthcare Market by Component

8.3.3.2. Japan Machine to Machine (M2M) Healthcare Market

8.3.3.2.1. Japan Machine to Machine (M2M) Healthcare Market by Application

8.3.3.2.2. Japan Machine to Machine (M2M) Healthcare Market by Component

8.3.3.3. India Machine to Machine (M2M) Healthcare Market

8.3.3.3.1. India Machine to Machine (M2M) Healthcare Market by Application

8.3.3.3.2. India Machine to Machine (M2M) Healthcare Market by Component

8.3.3.4. South Korea Machine to Machine (M2M) Healthcare Market

8.3.3.4.1. South Korea Machine to Machine (M2M) Healthcare Market by Application

8.3.3.4.2. South Korea Machine to Machine (M2M) Healthcare Market by Component

8.3.3.5. Australia Machine to Machine (M2M) Healthcare Market

8.3.3.5.1. Australia Machine to Machine (M2M) Healthcare Market by Application

8.3.3.5.2. Australia Machine to Machine (M2M) Healthcare Market by Component

8.3.3.6. Rest of Asia-Pacific Machine to Machine (M2M) Healthcare Market

8.3.3.6.1. Rest of Asia-Pacific Machine to Machine (M2M) Healthcare Market by Application

8.3.3.6.2. Rest of Asia-Pacific Machine to Machine (M2M) Healthcare Market by Component

8.4. RoW

8.4.1. RoW Machine to Machine (M2M) Healthcare Market by Application

8.4.2. RoW Machine to Machine (M2M) Healthcare Market by Component

8.4.3. RoW Machine to Machine (M2M) Healthcare Market by Sub-region

8.4.3.1. Latin America Machine to Machine (M2M) Healthcare Market

8.4.3.1.1. Latin America Machine to Machine (M2M) Healthcare Market by Application

8.4.3.1.2. Latin America Machine to Machine (M2M) Healthcare Market by Component

8.4.3.2. Middle East Machine to Machine (M2M) Healthcare Market

8.4.3.2.1. Middle East Machine to Machine (M2M) Healthcare Market by Application

8.4.3.2.2. Middle East Machine to Machine (M2M) Healthcare Market by Component

8.4.3.3. Africa Machine to Machine (M2M) Healthcare Market

8.4.3.3.1. Africa Machine to Machine (M2M) Healthcare Market by Application

8.4.3.3.2. Africa Machine to Machine (M2M) Healthcare Market by Component

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of machine to machine (m2m) healthcare.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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