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Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Research Report 2024
Synopsis
Pharma companies use IoT technologies in manufacturing plants to aid in the process of continuous manufacturing. Continuous manufacturing helps pharma companies to significantly cut cost and time in manufacturing and enhance product quality. IoT helps in the standardization of the manufacturing process along with data integrity. IoT provides visibility from production to distribution in a manufacturing plant, leading to better and feasible analysis of the processes thereby increasing operational efficiency.
The global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
This report aims to provide a comprehensive presentation of the global market for IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing.
Report Scope
The IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PTC
Medtronic
Philips
Cisco Systems
IBM Corporation
GE Healthcare
Microsoft Corporation
SAP SE
Qualcomm Life
Honeywell Life Care Solutions
Stanley Healthcare
Segment by Type
Medical Device
System and Software
Service
Connectivity Technology
Segment by Application
Clinical Trials
Drug Disclosure
Drug Manufacturing
Drug Supply Chain
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Pharma companies use IoT technologies in manufacturing plants to aid in the process of continuous manufacturing. Continuous manufacturing helps pharma companies to significantly cut cost and time in manufacturing and enhance product quality. IoT helps in the standardization of the manufacturing process along with data integrity. IoT provides visibility from production to distribution in a manufacturing plant, leading to better and feasible analysis of the processes thereby increasing operational efficiency.
The global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
This report aims to provide a comprehensive presentation of the global market for IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing.
Report Scope
The IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PTC
Medtronic
Philips
Cisco Systems
IBM Corporation
GE Healthcare
Microsoft Corporation
SAP SE
Qualcomm Life
Honeywell Life Care Solutions
Stanley Healthcare
Segment by Type
Medical Device
System and Software
Service
Connectivity Technology
Segment by Application
Clinical Trials
Drug Disclosure
Drug Manufacturing
Drug Supply Chain
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Medical Device
1.2.3 System and Software
1.2.4 Service
1.2.5 Connectivity Technology
1.3 Market by Application
1.3.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Clinical Trials
1.3.3 Drug Disclosure
1.3.4 Drug Manufacturing
1.3.5 Drug Supply Chain
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Perspective (2019-2030)
2.2 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Growth Trends by Region
2.2.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Historic Market Size by Region (2019-2024)
2.2.3 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Forecasted Market Size by Region (2025-2030)
2.3 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Dynamics
2.3.1 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Industry Trends
2.3.2 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Drivers
2.3.3 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Challenges
2.3.4 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Players by Revenue
3.1.1 Global Top IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Players by Revenue (2019-2024)
3.1.2 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Revenue Market Share by Players (2019-2024)
3.2 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Revenue
3.4 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Concentration Ratio
3.4.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Revenue in 2023
3.5 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Key Players Head office and Area Served
3.6 Key Players IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Product Solution and Service
3.7 Date of Enter into IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market
3.8 Mergers & Acquisitions, Expansion Plans
4 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Breakdown Data by Type
4.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Historic Market Size by Type (2019-2024)
4.2 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Forecasted Market Size by Type (2025-2030)
5 IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Breakdown Data by Application
5.1 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Historic Market Size by Application (2019-2024)
5.2 Global IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size (2019-2030)
6.2 North America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2019-2024)
6.4 North America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size (2019-2030)
7.2 Europe IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2019-2024)
7.4 Europe IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size (2019-2030)
8.2 Asia-Pacific IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Region (2019-2024)
8.4 Asia-Pacific IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size (2019-2030)
9.2 Latin America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2019-2024)
9.4 Latin America IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size (2019-2030)
10.2 Middle East & Africa IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2019-2024)
10.4 Middle East & Africa IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PTC
11.1.1 PTC Company Detail
11.1.2 PTC Business Overview
11.1.3 PTC IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.1.4 PTC Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.1.5 PTC Recent Development
11.2 Medtronic
11.2.1 Medtronic Company Detail
11.2.2 Medtronic Business Overview
11.2.3 Medtronic IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.2.4 Medtronic Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.2.5 Medtronic Recent Development
11.3 Philips
11.3.1 Philips Company Detail
11.3.2 Philips Business Overview
11.3.3 Philips IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.3.4 Philips Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.3.5 Philips Recent Development
11.4 Cisco Systems
11.4.1 Cisco Systems Company Detail
11.4.2 Cisco Systems Business Overview
11.4.3 Cisco Systems IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.4.4 Cisco Systems Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.4.5 Cisco Systems Recent Development
11.5 IBM Corporation
11.5.1 IBM Corporation Company Detail
11.5.2 IBM Corporation Business Overview
11.5.3 IBM Corporation IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.5.4 IBM Corporation Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.5.5 IBM Corporation Recent Development
11.6 GE Healthcare
11.6.1 GE Healthcare Company Detail
11.6.2 GE Healthcare Business Overview
11.6.3 GE Healthcare IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.6.4 GE Healthcare Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.6.5 GE Healthcare Recent Development
11.7 Microsoft Corporation
11.7.1 Microsoft Corporation Company Detail
11.7.2 Microsoft Corporation Business Overview
11.7.3 Microsoft Corporation IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.7.4 Microsoft Corporation Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.7.5 Microsoft Corporation Recent Development
11.8 SAP SE
11.8.1 SAP SE Company Detail
11.8.2 SAP SE Business Overview
11.8.3 SAP SE IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.8.4 SAP SE Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.8.5 SAP SE Recent Development
11.9 Qualcomm Life
11.9.1 Qualcomm Life Company Detail
11.9.2 Qualcomm Life Business Overview
11.9.3 Qualcomm Life IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.9.4 Qualcomm Life Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.9.5 Qualcomm Life Recent Development
11.10 Honeywell Life Care Solutions
11.10.1 Honeywell Life Care Solutions Company Detail
11.10.2 Honeywell Life Care Solutions Business Overview
11.10.3 Honeywell Life Care Solutions IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.10.4 Honeywell Life Care Solutions Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.10.5 Honeywell Life Care Solutions Recent Development
11.11 Stanley Healthcare
11.11.1 Stanley Healthcare Company Detail
11.11.2 Stanley Healthcare Business Overview
11.11.3 Stanley Healthcare IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Introduction
11.11.4 Stanley Healthcare Revenue in IoT Spending for Connected Devices, Platforms, Digital Services in Pharmaceutical Manufacturing Business (2019-2024)
11.11.5 Stanley Healthcare Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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