Product Code: 8314
The Global Internet of Medical Things Market , valued at USD 99.74 Billion in 2024, is projected to experience a CAGR of 17.10% to reach USD 257.16 Billion by 2030. The Global Internet of Medical Things (IoMT) Market encompasses the interconnected ecosystem of medical devices, sensors, and software applications facilitating health data exchange and analysis for enhanced healthcare delivery. Key drivers propelling this market include the increasing prevalence of chronic diseases, a growing aging population, and the escalating demand for remote patient monitoring and telemedicine solutions.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 99.74 Billion |
| Market Size 2030 | USD 257.16 Billion |
| CAGR 2025-2030 | 17.1% |
| Fastest Growing Segment | Medical Devices Segment |
| Largest Market | North America |
Key Market Drivers
The growing adoption of remote patient monitoring solutions stands as a significant driver for the Global Internet of Medical Things market. IoMT devices, including wearables and smart sensors, facilitate continuous health data collection outside traditional clinical environments, allowing for proactive health management and timely interventions. This shift towards home-based care models, amplified by advancements in connectivity and device miniaturization, directly increases the demand for interconnected medical technologies. For example, remote monitoring systems help manage chronic conditions by tracking vital signs such as blood pressure and glucose levels, thereby reducing the need for frequent in-person visits.
Key Market Challenges
Pervasive data security and privacy concerns represent a significant impediment to the growth of the Global Internet of Medical Things Market. The very nature of IoMT involves the collection, transmission, and analysis of highly sensitive patient health information across various interconnected devices and platforms. This inherent vulnerability to cyber threats creates substantial apprehension among both healthcare providers and patients regarding the confidentiality and integrity of their personal medical data.
This apprehension directly hampers market expansion by fostering reluctance in the adoption of new IoMT solutions. Healthcare organizations face considerable reputational and financial risks associated with data breaches, including potential regulatory fines and loss of patient trust.
Key Market Trends
The integration of Artificial Intelligence and Machine Learning Powered IoMT Analytics is fundamentally transforming how healthcare data is utilized, moving beyond simple collection to sophisticated interpretation and predictive insights. These technologies enable the analysis of vast datasets from interconnected medical devices, facilitating early disease detection, personalized treatment plans, and optimized operational workflows. For instance, according to Philips' Future Health Index 2024 report, published in June 2024, AI for clinical decision support was already being leveraged for in-hospital patient monitoring by 43% of healthcare leaders, with further investments anticipated. This shift allows healthcare providers to identify at-risk patients proactively and intervene effectively. This growing adoption is also evident in broader medical practices, as an October 2024 poll by the Medical Group Management Association (MGMA) indicated that 43% of medical groups reported adding or expanding the use of AI, a notable increase from 21% in 2023.
Key Market Players
- GE HealthCare Technologies, Inc.
- Medtronic plc
- Siemens Healthineers AG
- Boston Scientific Corporation
- IBM Corporation
- Omron Healthcare, Inc.
- Cisco Systems, Inc.
- Hill-Rom Holdings, Inc.
- Microsoft Corporation
- Qualcomm Life, Inc.
Report Scope:
In this report, the Global Internet of Medical Things Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Internet of Medical Things Market , By Type:
- On Body Segment
- In Home Segment
- In Hospital Segment
- In Clinic Segment
- Community Segment
Internet of Medical Things Market , By Component:
- Medical Devices
- System & Software
- Connectivity Technology
- Services
Internet of Medical Things Market , By Product Type:
- Smart Wearable Devices
- Home Use Medical Devices
- Point of Care Kits
Internet of Medical Things Market , By Technology:
- BLE
- Zigbee
- Wi-Fi
- LPWAN
- Others
Internet of Medical Things Market , By Application:
- Telemedicine
- Clinical Operation & Workflow Management
- Medication Management
- Connected Imaging
- Inpatient Monitoring
- Others
Internet of Medical Things Market , By End User:
- Healthcare Providers
- Patients
- Government Authorities
- Others
Internet of Medical Things Market , By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Internet of Medical Things Market .
Available Customizations:
Global Internet of Medical Things Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Internet of Medical Things Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (On Body Segment, In Home Segment, In Hospital Segment, In Clinic Segment, Community Segment)
- 5.2.2. By Component (Medical Devices, System & Software, Connectivity Technology, Services)
- 5.2.3. By Product Type (Smart Wearable Devices, Home Use Medical Devices, Point of Care Kits)
- 5.2.4. By Technology (BLE, Zigbee, Wi-Fi, LPWAN, Others)
- 5.2.5. By Application (Telemedicine, Clinical Operation & Workflow Management, Medication Management, Connected Imaging, Inpatient Monitoring, Others)
- 5.2.6. By End User (Healthcare Providers, Patients, Government Authorities, Others)
- 5.2.7. By Region
- 5.2.8. By Company (2024)
- 5.3. Market Map
6. North America Internet of Medical Things Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Component
- 6.2.3. By Product Type
- 6.2.4. By Technology
- 6.2.5. By Application
- 6.2.6. By End User
- 6.2.7. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Internet of Medical Things Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Component
- 6.3.1.2.3. By Product Type
- 6.3.1.2.4. By Technology
- 6.3.1.2.5. By Application
- 6.3.1.2.6. By End User
- 6.3.2. Canada Internet of Medical Things Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Component
- 6.3.2.2.3. By Product Type
- 6.3.2.2.4. By Technology
- 6.3.2.2.5. By Application
- 6.3.2.2.6. By End User
- 6.3.3. Mexico Internet of Medical Things Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Component
- 6.3.3.2.3. By Product Type
- 6.3.3.2.4. By Technology
- 6.3.3.2.5. By Application
- 6.3.3.2.6. By End User
7. Europe Internet of Medical Things Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Component
- 7.2.3. By Product Type
- 7.2.4. By Technology
- 7.2.5. By Application
- 7.2.6. By End User
- 7.2.7. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Internet of Medical Things Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Component
- 7.3.1.2.3. By Product Type
- 7.3.1.2.4. By Technology
- 7.3.1.2.5. By Application
- 7.3.1.2.6. By End User
- 7.3.2. France Internet of Medical Things Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Component
- 7.3.2.2.3. By Product Type
- 7.3.2.2.4. By Technology
- 7.3.2.2.5. By Application
- 7.3.2.2.6. By End User
- 7.3.3. United Kingdom Internet of Medical Things Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Component
- 7.3.3.2.3. By Product Type
- 7.3.3.2.4. By Technology
- 7.3.3.2.5. By Application
- 7.3.3.2.6. By End User
- 7.3.4. Italy Internet of Medical Things Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Component
- 7.3.4.2.3. By Product Type
- 7.3.4.2.4. By Technology
- 7.3.4.2.5. By Application
- 7.3.4.2.6. By End User
- 7.3.5. Spain Internet of Medical Things Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Component
- 7.3.5.2.3. By Product Type
- 7.3.5.2.4. By Technology
- 7.3.5.2.5. By Application
- 7.3.5.2.6. By End User
8. Asia Pacific Internet of Medical Things Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Component
- 8.2.3. By Product Type
- 8.2.4. By Technology
- 8.2.5. By Application
- 8.2.6. By End User
- 8.2.7. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Internet of Medical Things Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Component
- 8.3.1.2.3. By Product Type
- 8.3.1.2.4. By Technology
- 8.3.1.2.5. By Application
- 8.3.1.2.6. By End User
- 8.3.2. India Internet of Medical Things Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Component
- 8.3.2.2.3. By Product Type
- 8.3.2.2.4. By Technology
- 8.3.2.2.5. By Application
- 8.3.2.2.6. By End User
- 8.3.3. Japan Internet of Medical Things Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Component
- 8.3.3.2.3. By Product Type
- 8.3.3.2.4. By Technology
- 8.3.3.2.5. By Application
- 8.3.3.2.6. By End User
- 8.3.4. South Korea Internet of Medical Things Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Component
- 8.3.4.2.3. By Product Type
- 8.3.4.2.4. By Technology
- 8.3.4.2.5. By Application
- 8.3.4.2.6. By End User
- 8.3.5. Australia Internet of Medical Things Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Component
- 8.3.5.2.3. By Product Type
- 8.3.5.2.4. By Technology
- 8.3.5.2.5. By Application
- 8.3.5.2.6. By End User
9. Middle East & Africa Internet of Medical Things Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Component
- 9.2.3. By Product Type
- 9.2.4. By Technology
- 9.2.5. By Application
- 9.2.6. By End User
- 9.2.7. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Internet of Medical Things Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Component
- 9.3.1.2.3. By Product Type
- 9.3.1.2.4. By Technology
- 9.3.1.2.5. By Application
- 9.3.1.2.6. By End User
- 9.3.2. UAE Internet of Medical Things Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Component
- 9.3.2.2.3. By Product Type
- 9.3.2.2.4. By Technology
- 9.3.2.2.5. By Application
- 9.3.2.2.6. By End User
- 9.3.3. South Africa Internet of Medical Things Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Component
- 9.3.3.2.3. By Product Type
- 9.3.3.2.4. By Technology
- 9.3.3.2.5. By Application
- 9.3.3.2.6. By End User
10. South America Internet of Medical Things Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Component
- 10.2.3. By Product Type
- 10.2.4. By Technology
- 10.2.5. By Application
- 10.2.6. By End User
- 10.2.7. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Internet of Medical Things Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Component
- 10.3.1.2.3. By Product Type
- 10.3.1.2.4. By Technology
- 10.3.1.2.5. By Application
- 10.3.1.2.6. By End User
- 10.3.2. Colombia Internet of Medical Things Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Component
- 10.3.2.2.3. By Product Type
- 10.3.2.2.4. By Technology
- 10.3.2.2.5. By Application
- 10.3.2.2.6. By End User
- 10.3.3. Argentina Internet of Medical Things Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Component
- 10.3.3.2.3. By Product Type
- 10.3.3.2.4. By Technology
- 10.3.3.2.5. By Application
- 10.3.3.2.6. By End User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Internet of Medical Things Market : SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. GE HealthCare Technologies, Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Medtronic plc
- 15.3. Siemens Healthineers AG
- 15.4. Boston Scientific Corporation
- 15.5. IBM Corporation
- 15.6. Omron Healthcare, Inc.
- 15.7. Cisco Systems, Inc.
- 15.8. Hill-Rom Holdings, Inc.
- 15.9. Microsoft Corporation
- 15.10. Qualcomm Life, Inc.
16. Strategic Recommendations
17. About Us & Disclaimer