IoT in Healthcare Market Size – By Component (Medical Devices, System and Software and Services), By Connectivity Technology (Cellular, Wi-Fi, Bluetooth, LPWANs, Zigbee and RFID), By Application (Remote Patient Monitoring, Telemedicine and Virtual Care, Connected Imaging, Medication Management, Asset and Inventory Management, Smart Inpatient Facilities, Fall Detection and Prevention and Others), By End-use (Hospitals and Clinics, Clinical Research Organizations, Research and Diagnostic Laboratories and Others), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-05
- NO OF PAGES
- 285
- CATEGORY
- Information Communication & Technology
Market Overview
The IoT in Healthcare market report is predicted to develop at a compound annual growth rate (CAGR) of 22.4% from 2024 to 2034, when global IoT in Healthcare market forecast size is projected to reach USD 184.38 Billion in 2034, based on an average growth pattern. The global IoT in Healthcare market revenue is estimated to reach a value of USD 45.75 Billion in 2024.
SOURCE: We Market Research
The global
Internet of Things (IoT) in healthcare market is experiencing robust growth,
driven by the increasing adoption of IoT-enabled solutions across various
healthcare applications. These technologies provide real-time data and advanced
analytics, enabling improved patient monitoring, streamlined operations, and
better-informed decision-making.
The Internet of
Things (IoT) in healthcare refers to a network of connected medical devices,
software applications, and health data systems that communicate and share
information over the internet. This connectivity allows for real-time data
collection, analysis, and action, which can improve healthcare outcomes,
patient monitoring, diagnostics, and overall operational efficiency.
IoT-enabled devices, including pacemakers, infusion pumps, and insulin pens,
can automatically transmit data to healthcare providers for real-time
monitoring and alerts. These devices improve patient safety and can help
providers adjust treatment as necessary. IoT supports telemedicine by enabling
remote patient examinations, diagnostics, and consultations. By integrating IoT
devices, clinicians can monitor and interact with patients in real-time, making
healthcare more accessible, especially in rural or underserved areas.
Global IoT in Healthcare Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 45.75 Billion |
|
Market
Forecast in 2034 |
USD 184.38 Billion |
|
CAGR % 2024-2034 |
22.4% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Component,
By Connectivity Technology, By Application, By End-use and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global IoT in Healthcare Market Opportunity:
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global IoT in Healthcare market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
IoT in Healthcare Market Segmentation
Market- By Component Analysis
By component, the IoT in Healthcare market share is categories into Medical Devices, System and Software and Services. Medical devices segment dominates the market with the largest share, accounting for over 55% of the market in 2023. Medical devices represent the largest segment in the IoT healthcare market analysis. This includes wearables (like smartwatches, ECG monitors, and fitness trackers), implantable devices, and other connected monitoring equipment. These devices collect real-time health data, enabling remote patient monitoring, diagnostics, and chronic disease management. The increasing prevalence of chronic diseases, demand for remote healthcare, and growing consumer interest in wellness monitoring are key drivers for this segment.
The
following segments are part of an in-depth analysis of the global IoT in
Healthcare market:
|
Market Segments |
|
|
By
Component |
·
Medical Devices o
Wearable External Devices o
Implanted Medical Devices o
Stationary Medical Devices ·
System and Software o
Remote Device Management o
Network Bandwidth Management o
Data Analytics o
Application Security o
Network Security ·
Services o
System Integration Services o
Consulting, Training, and Education o
Support and Maintenance Services |
|
By Connectivity
Technology |
·
Cellular ·
Wi-Fi ·
Bluetooth ·
LPWANs ·
Zigbee ·
RFID |
|
By Application |
·
Remote Patient Monitoring ·
Telemedicine and Virtual Care ·
Connected Imaging ·
Medication Management ·
Asset and Inventory Management ·
Smart Inpatient Facilities ·
Fall Detection and Prevention ·
Others |
|
By End-use |
·
Hospitals and Clinics ·
Clinical Research Organizations ·
Research and Diagnostic Laboratories ·
Others |
IoT in Healthcare Industry: Regional Analysis
North America Market Forecast
North America dominates the global market, accounting for around 43% of the market share in 2023. North America is the largest market for IoT in healthcare, driven by advanced healthcare infrastructure, high adoption rates of IoT technologies, and significant investment in digital health initiatives. The United States, in particular, has been a leader in IoT-enabled healthcare, with strong support from both public and private sectors, as well as a focus on chronic disease management and telemedicine.
Europe Market Statistics
Europe is the
second-largest region for IoT in healthcare. Countries like Germany, the UK,
and France are leading the adoption due to robust healthcare systems,
supportive government policies, and strong emphasis on patient data protection
(GDPR compliance). The European Union’s Digital Single Market initiative has
also accelerated IoT adoption, and healthcare providers in Europe are actively
using IoT to enhance patient care and operational efficiency.
Asia Pacific Market Forecasts
The APAC region
is experiencing rapid expansion in the IoT in healthcare market, driven by
rising healthcare investments in countries such as China, Japan, India, and
South Korea. The large and aging population in the region, along with
increasing incidences of chronic diseases, is propelling demand for IoT
solutions. Government initiatives to digitalize healthcare and expand access to
quality care, especially in rural areas, are also contributing to growth.
However, adoption rates vary significantly across countries due to disparities
in healthcare infrastructure and technology readiness.
Middle East & Africa Market Statistics
IoT in
healthcare adoption in the MEA region is relatively low but growing steadily.
The market is primarily driven by Gulf countries like the UAE and Saudi Arabia,
where governments are investing in digital health initiatives as part of
broader visions for healthcare transformation. In other parts of the region,
however, limited healthcare infrastructure and lower technology penetration
hinder rapid IoT adoption.
Latin America Market Statistics
Latin America’s
IoT in healthcare market growth is still emerging, with countries like Brazil,
Mexico, and Argentina leading the way. Government investments in healthcare
infrastructure and digital health initiatives are driving growth, though
challenges like limited resources and infrastructure gaps affect adoption
rates. Some areas are focused on telemedicine and remote monitoring solutions
to improve healthcare accessibility in underserved regions.
Key Market Players
The Global IoT in Healthcare Market is dominated by a
few large companies, such as
·
Philips Healthcare
·
GE Healthcare
·
Medtronic
·
IBM Corporation
·
Microsoft Corporation
·
Cisco Systems
·
Honeywell
·
Siemens Healthineers
·
Qualcomm Life
·
Cerner Corporation
·
SAP SE
·
Oracle Corporation
·
Stanley Healthcare
·
Resideo Technologies
·
Schneider Electric
·
Others
1.
Global
IoT in Healthcare Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global IoT in Healthcare Market
Scope and Market Estimation
1.2.1. Global IoT in Healthcare Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global IoT in Healthcare Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Component of Global IoT in
Healthcare Market
1.3.2. Connectivity Technology of
Global IoT in Healthcare Market
1.3.3. Application of Global IoT in Healthcare
Market
1.3.4. End-use of Global IoT in
Healthcare Market
1.3.5. Region of Global IoT in
Healthcare Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Analysis of Quality Control Standards and Guidelines in IoT in
Healthcare Market
3.
Global IoT in Healthcare Market Estimates & Historical Trend Analysis (2019 - 2023)
4.
Global IoT in Healthcare Market Estimates & Forecast Trend Analysis, by
Component
4.1. Global IoT in Healthcare Market
Revenue (US$ Bn) Estimates and Forecasts, by Component, 2019 - 2034
4.1.1. Medical Devices
4.1.1.1.
Wearable
External Devices
4.1.1.2.
Implanted
Medical Devices
4.1.1.3.
Stationary
Medical Devices
4.1.2. System and Software
4.1.2.1.
Remote
Device Management
4.1.2.2.
Network
Bandwidth Management
4.1.2.3.
Data
Analytics
4.1.2.4.
Application
Security
4.1.2.5.
Network
Security
4.1.3. Services
4.1.3.1.
System
Integration Services
4.1.3.2.
Consulting,
Training, and Education
4.1.3.3.
Support
and Maintenance Services
5.
Global IoT in Healthcare Market Estimates & Forecast Trend Analysis, by
Connectivity Technology
5.1. Global IoT in Healthcare Market
Revenue (US$ Bn) Estimates and Forecasts, by Connectivity Technology, 2019 -
2034
5.1.1.Cellular
5.1.2.Wi-Fi
5.1.3.Bluetooth
5.1.4.LPWANs
5.1.5.Zigbee
5.1.6.RFID
6.
Global IoT in Healthcare Market Estimates & Forecast Trend Analysis, by
End-use
6.1. Global IoT in Healthcare Market
Revenue (US$ Bn) Estimates and Forecasts, by End-use, 2019 - 2034
6.1.1.Hospitals
and Clinics
6.1.2.Clinical
Research Organizations
6.1.3.Research
and Diagnostic Laboratories
6.1.4.Others
7.
Global IoT in Healthcare Market Estimates & Forecast Trend Analysis, by
Application
7.1. Global IoT in Healthcare Market
Revenue (US$ Bn) Estimates and Forecasts, by Application, 2019 - 2034
7.1.1.Remote
Patient Monitoring
7.1.2.Telemedicine
and Virtual Care
7.1.3.Connected
Imaging
7.1.4.Medication
Management
7.1.5.Asset
and Inventory Management
7.1.6.Smart
Inpatient Facilities
7.1.7.Fall
Detection and Prevention
7.1.8.Others
8.
Global IoT in Healthcare Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global IoT in Healthcare Market
Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America IoT in Healthcare Market: Estimates & Forecast Trend Analysis
9.1.
North
America IoT in Healthcare Market Assessments & Key Findings
9.1.1. North America IoT in Healthcare
Market Introduction
9.1.2. North America IoT in Healthcare
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Component
9.1.2.2. By Connectivity
Technology
9.1.2.3. By Application
9.1.2.4. By End-use
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe IoT
in Healthcare Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe IoT in Healthcare
Market Assessments & Key Findings
10.1.1. Western Europe IoT in Healthcare
Market Introduction
10.1.2. Western Europe IoT in Healthcare
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Component
10.1.2.2. By Connectivity
Technology
10.1.2.3. By Application
10.1.2.4. By End-use
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe IoT
in Healthcare Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe IoT in Healthcare
Market Assessments & Key Findings
11.1.1. Eastern Europe IoT in Healthcare
Market Introduction
11.1.2. Eastern Europe IoT in Healthcare
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Component
11.1.2.2. By Connectivity
Technology
11.1.2.3. By Application
11.1.2.4. By End-use
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific IoT
in Healthcare Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific IoT in Healthcare
Market Introduction
12.1.2. Asia Pacific IoT in Healthcare
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Component
12.1.2.2. By Connectivity
Technology
12.1.2.3. By Application
12.1.2.4. By End-use
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa IoT
in Healthcare Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa IoT
in Healthcare Market Introduction
13.1.2. Middle
East & Africa IoT
in Healthcare Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Component
13.1.2.2. By Connectivity
Technology
13.1.2.3. By Application
13.1.2.4. By End-use
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
IoT in Healthcare Market: Estimates
& Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America IoT in Healthcare
Market Introduction
14.1.2. Latin America IoT in Healthcare
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
14.1.2.1. By Component
14.1.2.2. By Connectivity
Technology
14.1.2.3. By Application
14.1.2.4. By End-use
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global IoT in Healthcare Market Product
Mapping
16.2. Global IoT in Healthcare Market Concentration
Analysis, by Leading Players / Innovators / Emerging Players / New Entrants
16.3. Global IoT in Healthcare Market Tier
Structure Analysis
16.4. Global IoT in Healthcare Market
Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. Philips Healthcare
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. GE Healthcare
17.3. Medtronic
17.4. IBM Corporation
17.5. Microsoft
Corporation
17.6. Cisco Systems
17.7. Honeywell
17.8. Siemens
Healthineers
17.9. Qualcomm Life
17.10. Cerner Corporation
17.11. SAP SE
17.12. Oracle Corporation
17.13. Stanley Healthcare
17.14. Resideo
Technologies
17.15. Schneider Electric
17.16. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of IoT in Healthcare Market in 2024?
IoT in Healthcare Market was valued at USD 45.75 Billion in 2024.
What is the growth rate for the IoT in Healthcare Market?
IoT in Healthcare Market size will increase at approximate CAGR of 22.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Philips Healthcare, GE Healthcare, Medtronic, IBM Corporation, Microsoft Corporation, Cisco Systems, Honeywell, Siemens Healthineers, Qualcomm Life, Cerner Corporation, SAP SE, Oracle Corporation, Stanley Healthcare, Resideo Technologies, Schneider Electric and others.
Which region dominates the IoT in Healthcare Market?
North America dominates the market with an active share of 43%.
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