IoT in Healthcare Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Internet of Things Healthcare Market Companies & Statistics. The Market is Segmented by Component (Medical Devices, Systems and Software, Services), by Application (Telemedicine, Inpatient Monitoring, and Medication Management), by End User (Hospitals, Clinical Research Organizations, Other End Users), and by Geography (North America, Europe, Asia Pacific, Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

IoT in Healthcare Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Internet of Things (IoT) in Healthcare Market Size

IoT In Healthcare Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 175.07 Billion
Market Size (2030) USD 413.24 Billion
CAGR (2025 - 2030) 18.74 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

IoT In Healthcare Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Internet of Things (IoT) in Healthcare Market Analysis

The IoT In Healthcare Market size is estimated at USD 175.07 billion in 2025, and is expected to reach USD 413.24 billion by 2030, at a CAGR of 18.74% during the forecast period (2025-2030).

The IoT market is driven by the growing adoption of healthcare information systems, the emergence of big data in healthcare, improved device accuracy and connectivity, and the increasing penetration of connected devices in healthcare.

  • IoT technology has the potential to revolutionize traditional paper-based healthcare treatment by simplifying access to remote patient monitoring and real-time patient data. The emergence of this digital healthcare technology has addressed the impending need for better diagnostics and targeted therapeutic tools. In addition, it provides remote patient monitoring to physicians and works as a fitness and wellness tracker for athletes and a dosing reminder for patients. The successful implementation of IoT in the remote monitoring of asthma and diabetes patients, coupled with the high penetration of fitness and wellness devices, has created a high demand for the IoT healthcare market.
  • Big data analytics is a fast-emerging topic in IoT. The demand for big data analytics integrates the most recent innovation in machine learning, logical methodologies, computational intelligence, and data mining. Many healthcare experts, including payers and providers, are now analyzing big data to obtain detailed knowledge. Even though these efforts are still in their early stages, they are expected to collectively help tackle the industry-related problems regarding inconsistency in healthcare quality and escalating healthcare expenditures. Organizations might leverage big data approaches and solutions to engage patients, personalize care, lower costs and variability, and enhance the quality of service.
  • The market is driven by rising digital adoption in the healthcare industry. The healthcare sector has grown enormously due to technological advancements, digitization of healthcare, and government participation. Trends that have arisen throughout this stage have enabled modern technology to simplify further and enhance the patient experience. Nowadays, almost every element of healthcare uses technology like machine learning, automation, and artificial intelligence (AI). As a way to help doctors make more accurate diagnoses, AI and ML tools are becoming increasingly common.
  • Artificial intelligence is a powerful tool that can increase the efficiency, speed, and effectiveness of the global health system. It has the potential to improve the efficiency of telemedicine. Researchers at UCLA have combined chatbot technology and an AI system to create a virtual interventional radiologist (VIR), which helps the patient self-diagnose or the doctor diagnose the patient.
  • With the help of IoT, patients can convert their personal health information, such as the number of steps taken, vital signs, and calories burned, into non-personally identifiable information on the platform and store it safely, further supporting the data analysis and R&D activities of pharmaceutical companies and medical institutions to accelerate the development of medical devices and discovery of new drugs.
  • Improvements in the quality of people's daily health and life activities, as well as big data analytics to support and promote such research activities, are some of the factors driving the market's growth, as IoT-based healthcare systems play a key role in the development of medical information systems. Tracking, tracing, and monitoring patients are essential to enhance the healthcare system.
  • Market growth is projected to be restrained by difficulties such as the high costs of IoT infrastructure development, privacy and security concerns about data, a general lack of awareness among underdeveloped countries' populations, and a lack of technical expertise.

Internet of Things (IoT) in Healthcare Industry Overview

The Internet of Things (IoT) in the healthcare market is moderately competitive and consists of several major players. The companies are implementing specific strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them strengthen their market positions. The key players in this market are Medtronic, GE Healthcare, Koninklijke Philips NV, Honeywell Life Care Solutions, and Biotronik.

  • In March 2023, Fujitsu announced to launch a new cloud-based platform that allows users to securely collect and leverage health-related data and promote digital transformation in the medical sector. The new platform enables the automatic conversion of medical data from electronic medical records of medical institutions that conforms to the next-generation standard framework HL7 FHIR (1) and the secure aggregation of health-related data.
  • In March 2023, Microsoft announced the introduction of the new Dragon Ambient eXperience (DAX) express to automate clinical documentation at scale. DAX Express is a clinical documentation application integrated into automated workflows that, for the first time, combines proven conversational and environmental AI with the advanced reasoning and natural language capabilities of OpenAI's GPT-4.

Internet of Things (IoT) in Healthcare Market Leaders

  1. Medtronic PLC

  2. Koninklijke Philips NV

  3. Cisco Systems

  4. International Business Machines Corporation (IBM)

  5. GE Healthcare

  6. *Disclaimer: Major Players sorted in no particular order
IoT In Healthcare Market Concentration
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Internet of Things (IoT) in Healthcare Market News

  • March 2023- NVIDIA announced a strategic collaboration with Medtronic to accelerate the development of AI in the healthcare system and bring new AI-based solutions into patient care. The companies will integrate NVIDIA healthcare and edge AI technologies into Medtronic's GI Genius intelligent endoscopy module, designed and manufactured by Cosmo Pharmaceuticals. GI Genius is the first FDA-cleared AI-powered colonoscopy tool to help physicians identify polyps that may lead to colon cancer.
  • September 2022 - Wipro GE Healthcare launched an AI-powered cath lab called Optima IGS320. It improves imaging vision to facilitate intelligence and accurate healthcare delivery. Social gantry movement allows for flexibility during surgeries, further lightening the load and increasing the attention of the doctors.

Internet of Things (IoT) in Healthcare Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of COVID-19 Impact on the market

5. MARKET DYNAMICS

  • 5.1 Emergence of Big Data in Healthcare
    • 5.1.1 Increased IT Adoption in the Healthcare Sector
    • 5.1.2 Improved Device Accuracy and Connectivity
  • 5.2 Market Restraints
    • 5.2.1 Data Privacy and Security Concerns
    • 5.2.2 Requirement for High Initial Investments

6. MARKET SEGMENTATION

  • 6.1 Component
    • 6.1.1 Medical Devices
    • 6.1.1.1 Wearable External Medical Devices
    • 6.1.1.2 Implanted Medical Devices
    • 6.1.1.3 Stationary Medical Devices
    • 6.1.2 Systems and Software
    • 6.1.3 Services
  • 6.2 Application
    • 6.2.1 Telemedicine
    • 6.2.2 Inpatient Monitoring
    • 6.2.3 Medication Management
    • 6.2.4 Other Applications
  • 6.3 End User
    • 6.3.1 Hospitals, Clinical Research Organizations, Other End Users
    • 6.3.2 Clinical Research Organizations
    • 6.3.3 Other End Users
  • 6.4 Geography***
    • 6.4.1 North America
    • 6.4.1.1 United States
    • 6.4.1.2 Canada
    • 6.4.2 Europe
    • 6.4.2.1 United Kingdom
    • 6.4.2.2 Germany
    • 6.4.2.3 France
    • 6.4.3 Asia
    • 6.4.3.1 China
    • 6.4.3.2 Japan
    • 6.4.3.3 India
    • 6.4.4 Australia and New Zealand
    • 6.4.5 Latin America
    • 6.4.6 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 Medtronic PLC
    • 7.1.2 Koninklijke Philips NV
    • 7.1.3 Cisco Systems
    • 7.1.4 International Business Machines Corporation
    • 7.1.5 GE Healthcare
    • 7.1.6 Microsoft Corporation
    • 7.1.7 SAP SE
    • 7.1.8 Capsule Technologies Inc.
    • 7.1.9 Resideo Technologies Inc.
    • 7.1.10 Stanley Healthcare

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments. *** In the Final Report Asia, Australia and New Zealand will be Studied Together as 'Asia Pacific'
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Internet of Things (IoT) in Healthcare Industry Segmentation

As per the scope of this report, IoT in the healthcare system context refers to every device connected to the internet for a wide range of applications, such as tracking patients or equipment, gathering data, and analyzing the received data. The study analyzes market trends and outlines the IoT in the healthcare industry.

The Internet of Things (IoT) in the healthcare market is segmented by component (medical devices, systems and software, services), application (telemedicine, inpatient monitoring, medication management, other applications), end user, and geography.

Component Medical Devices Wearable External Medical Devices
Implanted Medical Devices
Stationary Medical Devices
Systems and Software
Services
Application Telemedicine
Inpatient Monitoring
Medication Management
Other Applications
End User Hospitals, Clinical Research Organizations, Other End Users
Clinical Research Organizations
Other End Users
Geography*** North America United States
Canada
Europe United Kingdom
Germany
France
Asia China
Japan
India
Australia and New Zealand
Latin America
Middle East and Africa
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Internet of Things (IoT) in Healthcare Market Research FAQs

How big is the IoT In Healthcare Market?

The IoT In Healthcare Market size is expected to reach USD 175.07 billion in 2025 and grow at a CAGR of 18.74% to reach USD 413.24 billion by 2030.

What is the current IoT In Healthcare Market size?

In 2025, the IoT In Healthcare Market size is expected to reach USD 175.07 billion.

Who are the key players in IoT In Healthcare Market?

Medtronic PLC, Koninklijke Philips NV, Cisco Systems, International Business Machines Corporation (IBM) and GE Healthcare are the major companies operating in the IoT In Healthcare Market.

Which is the fastest growing region in IoT In Healthcare Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in IoT In Healthcare Market?

In 2025, the North America accounts for the largest market share in IoT In Healthcare Market.

What years does this IoT In Healthcare Market cover, and what was the market size in 2024?

In 2024, the IoT In Healthcare Market size was estimated at USD 142.26 billion. The report covers the IoT In Healthcare Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the IoT In Healthcare Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Medical IoT Industry Report

Statistics for the 2025 IoT In Healthcare market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. IoT In Healthcare analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.