Healthcare M2M Market Exhibits a Stunning Growth Potentials | Sierra Wireless, Inc., Deutsche Telekom, Athena Health, Inc. & GE Healthcare

Healthcare is one of the most basic necessities that not only improves one's quality of life but also extends one's life expectancy, ensuring one's future stability. Machine to Machine (M2M) is a critical technology in healthcare for improving patient care and providing remote diagnostic solutions. Furthermore, the recording is sent to a specialized software application via wired or wireless connectivity, which turns the recorded data into meaningful information for physicians sitting 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.

Machine to machine technology is divided into two categories: wired and wireless technologies. Both are connected to devices of the same type and allow communication between them. These gadgets are crucial in lowering healthcare expenses, improving patient care, and increasing adherence to medication regimens. M2M healthcare is advantageous because it saves time by allowing healthcare providers, patients, and treatment systems to communicate over the internet. Home monitoring, supported living, clinical monitoring, and telemedicine are some of the key activities performed by M2M healthcare systems.

Increased healthcare expenditures worldwide, particularly in developed nations such as North America, are a major element driving growth in the healthcare M2M industry. According to World Economic Forum estimates from 2016, Norway, Switzerland, and the United States spent about US$ 9,715 per person, or 9.6 percent of GDP, US$ 9,276 per person, or 11.5 percent of GDP, and US$ 9,146 per person, or 17.1 percent of GDP, respectively.

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 global incidence of chronic diseases like diabetes, cardiovascular disease, and cancer is propelling the healthcare M2M market's growth.

The healthcare M2M market in North America is dominated by the region's growing concern about healthcare spending. The United States has the greatest per capita health spending of roughly US$ 10,000, according to the Organization for Economic Cooperation and Development (OECD). M2M in healthcare has the potential to significantly lower costs.

Because of their large populations and lack of good healthcare facilities, economies like China and India are likely to be lucrative for the expansion of the healthcare M2M market. Over the projection period, telemedicine facilities are also expected to fuel market expansion in these regions.

Sierra Wireless, Inc., Deutsche Telekom, Athena Health, Inc., GE Healthcare, Apple Inc., Cisco Systems Inc., IBM Corporation, Stanley Healthcare, Allscripts Healthcare Solutions Inc., AT&T Inc., and Gemalto NV are among the leading competitors in the worldwide healthcare M2M industry.