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IoT Start-up Tracker: Digital Healthcare Services Growth Opportunities
mHealth will Enhance the Future Growth Potential of the Internet of Medical Things (IoMT)
08-May-2024
Global
Market Research
KA11-01-00-00-00
IT_2024_712
Healthcare providers and payers are operating under the pressure of rising healthcare costs, demand for better health outcomes, and the need to improve the digital patient experience. Frost & Sullivan’s start-up tracker helps ecosystem participants identify solution providers with offerings that address industry challenges. This start-up tracker provides a rich database of start-ups and niche players that can transform processes in healthcare services and add value to the end user. The companies featured were selected based on the Frost & Sullivan Best Practices database, in addition to secondary research on worldwide healthcare ecosystem mappings and rankings. The industry segments the study considers are mobile health (mHealth), telehealth, and healthcare IT (both clinical and non-clinical). Frost & Sullivan conducted detailed primary interviews with start-ups that stand out in different regions (North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific) to generate a competitive profile and understand relevant developments, strategies, and value propositions. Each shortlisted company has been screened and analyzed by the analyst, and an overall score has been established based on the criteria described in this study. The study also identifies the growth opportunities emerging from the changes in this space for stakeholders and market players to leverage.
Author: Carina Goncalves
The Impact of the Top 3 Strategic Imperatives on the Digital Healthcare Services Industry
Innovative Business Models
WHY
- Emerging business models are necessary to make at-home care accessible to patients; these care services can be supported through reimbursements of home care devices or a service-as-a-fee model.
Frost Perspective
- Value-based contracts to improve coverage of high-value therapies will enable patient-specific tracking and reimbursement based on the treatment outcome in the medium term.
Disruptive Technologies
WHY
- Advancements in medical device technologies that led to the development of portable, easy-to-use devices or diagnostics, such as portable imaging and diagnostic solutions, connected devices, and maps for healthcare consumers, have helped maintain the continuum of care.
Frost Perspective
- Internet of Things (IoT) solutions with data encryption and federated learning platforms for disease modeling will be increasingly adopted in the next 5 years.
Industry Convergence
WHY
- The connectivity enabled by the growth of smartphone adoption has drastically increased the growth of digital technologies in the healthcare industry, driving the decentralization trend and creating cost-effective, accessible healthcare for all.
Frost Perspective
- Smartphones and mobile apps will increasingly enable the tracking of patients’ vital body data, medical adherence, chronic disease management, and the early diagnosis of complex disorders.
Scope of the Study
Scope
| IoT Segments Description | |
|---|---|
| Enterprise IoT | Agriculture, Power & Energy, Digital Transportation & Logistics, Healthcare, Manufacturing, Retail, Banking and Financial Services, Real Estate, Smart City Solutions |
| Consumer IoT | Consumer, Smart Home |
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Digital Healthcare Services Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Definition of IoT
Scope of the Study
Research Process and Methodology
Research Process and Methodology (continued)
Key Topics Covered in This Study
Business Objectives in Healthcare Services
Technology Investments in Healthcare Services
Stage of IoT Adoption in Healthcare Services
IoT Benefits in Healthcare Services
IoT Challenges in Healthcare Services
IoT Network Connection in Healthcare Services
Healthcare Services Ecosystem
Key Challenges in Healthcare Services
Change in Attitude Towards Health and General Wellness
Digital Transformation of Healthcare Services
Ecosystem of Digital Healthcare Services
Key Segments of Digital Healthcare Services
Digital Technologies Transforming Healthcare Services
The IoT Business Model in Digital Healthcare Services
IoMT Sector Opportunities
IoMT Data
IoMT and Edge Computing Applications
Top 4 Growth Opportunities in Digital Healthcare Services
Critical Success Factors for Growth
Key Competitors (start-ups) in Digital Healthcare Services
Scoring Methodology for Competitive Profiles
Innovation Target for Competitive Profiles
Kontakt.io—Company Profile
Kontakt.io—Analyst Viewpoint
Binah.ai—Company Profile
Binah.ai—Analyst Viewpoint
brain4care—Company Profile
brain4care—Analyst Viewpoint
SleepUp—Company Profile
SleepUp—Analyst Viewpoint
Sensorweb—Company Profile
Sensorweb—Analyst Viewpoint
Growth Opportunity 1: mHealth to Track Health and Deliver Therapies
Growth Opportunity 1: mHealth to Track Health and Deliver Therapies (continued)
Growth Opportunity 2: Telehealth to Enable Remote Examination and Diagnosis
Growth Opportunity 2: Telehealth to Enable Remote Examination and Diagnosis (continued)
Growth Opportunity 3: Clinical Healthcare IT to Collect, Store, and Analyze Complex and Voluminous Health Data
Growth Opportunity 3: Clinical Healthcare IT to Collect, Store, and Analyze Complex and Voluminous Health Data (continued)
Growth Opportunity 4: Non-clinical Healthcare IT to Make Workflows More Efficient
Growth Opportunity 4: Non-clinical Healthcare IT to Make Workflows More Efficient (continued)
List of Exhibits
Legal Disclaimer
List of Figures
- IoT Start-Up Tracker—Digital Healthcare Services: Key Products and Segments, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Importance of Business Objectives in Healthcare Organizations, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Technology Investments in Healthcare Organizations, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Stage of Adoption of IoT Solutions in Healthcare Organizations, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Benefits of IoT Implementation in Healthcare Organizations, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Challenges related to IoT Implementation in Healthcare Organizations, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Network Connection for IoT Solutions in Healthcare Organizations, Global, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Kontakt.io, North America and Europe, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Brain4care, Latin America and North America, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Binah.AI, North America, Europe, Asia-Pacific, the Middle East, and Africa, 2024
- IoT Start-up Tracker—Digital Healthcare Services: SleepUp, Latin America and Europe, 2024
- IoT Start-up Tracker—Digital Healthcare Services: Sensorweb, Latin America, 2024
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