Global IoT Enabled Healthcare Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Accelerometers, Gyroscopes, Magnetometer, Pressure Sensors, Temperature Sensors, and Light Sensors.

By Vertical;

Industrial IOT, Consumer IOT, and Commercial IOT.

By Network Technology;

Wired Network Technology and Wireless Network Technology.

By Application;

Healthcare, Retail, Industrial, Automotive, Consumer Electronics, and Building Automation.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn138720906 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global IoT Enabled Healthcare Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global IoT Enabled Healthcare Equipment Market was valued at USD 41,731.78 million. The size of this market is expected to increase to USD 198,992.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 25.0%.

The global IoT-enabled healthcare equipment market has been experiencing remarkable growth and is poised for further expansion in the coming years. IoT (Internet of Things) technology has revolutionized the healthcare industry by enabling the connectivity and remote monitoring of medical devices and equipment. This connectivity allows healthcare providers to collect real-time data, track patient health metrics, and improve the efficiency of healthcare delivery. IoT-enabled healthcare equipment encompasses a wide range of devices, including wearable fitness trackers, smart insulin pumps, remote patient monitoring systems, and connected medical imaging equipment.

One of the key drivers fueling the growth of the IoT-enabled healthcare equipment market is the increasing demand for remote patient monitoring and telemedicine solutions. With the rising prevalence of chronic diseases and an aging population, there is a growing need for continuous monitoring of patients' vital signs and health parameters outside traditional healthcare settings. IoT-enabled devices facilitate remote monitoring, enabling healthcare providers to remotely monitor patients' health status and intervene promptly in case of emergencies or abnormalities. This capability not only improves patient outcomes but also reduces healthcare costs by preventing unnecessary hospitalizations and emergency room visits.

The integration of IoT technology in healthcare equipment enhances operational efficiency and workflow optimization in healthcare facilities. Connected medical devices can automatically transmit patient data to electronic health records (EHR) systems, eliminating the need for manual data entry and reducing the risk of errors. Additionally, IoT-enabled equipment enables predictive maintenance and remote diagnostics, allowing healthcare providers to identify equipment failures or malfunctions before they occur, thereby minimizing downtime and improving the reliability of medical equipment.

The adoption of IoT-enabled healthcare equipment is also driven by the increasing focus on personalized medicine and patient-centered care. These devices empower patients to take a more active role in managing their health by providing them with access to real-time health data and insights. Wearable devices, in particular, enable individuals to track their activity levels, monitor vital signs, and receive personalized health recommendations, promoting preventive healthcare and early intervention.

The growing emphasis on digital health initiatives and the proliferation of smart healthcare infrastructure worldwide are expected to further accelerate the adoption of IoT-enabled healthcare equipment. Governments and healthcare organizations are increasingly investing in IoT solutions to enhance healthcare delivery, improve patient outcomes, and address healthcare disparities. As IoT technology continues to advance and become more ubiquitous, the IoT-enabled healthcare equipment market is projected to witness sustained growth and innovation, driving the transformation of the global healthcare industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vertical
    3. Market Snapshot, By Network Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global IoT Enabled Healthcare Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Remote Patient Monitoring
        2. Advancements in IoT Technology
        3. Growing Focus on Preventive Healthcare
      2. Restraints
        1. Data Security and Privacy Concerns
        2. Integration Challenges
        3. Cost and Reimbursement Issues
      3. Opportunities
        1. Expansion of Telehealth Services
        2. Personalized Medicine and Healthcare
        3. Collaboration and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global IoT Enabled Healthcare Equipment Market, By Type, 2021 - 2031 (USD Million)
      1. Accelerometers
      2. Gyroscopes
      3. Magnetometer
      4. Pressure sensors
      5. Temperature sensors
      6. Light sensors
    2. Global IoT Enabled Healthcare Equipment Market, By Vertical, 2021 - 2031 (USD Million)
      1. Industrial IOT
      2. Consumer IOT
      3. Commercial IOT
    3. Global IoT Enabled Healthcare Equipment Market, By Network Technology, 2021 - 2031 (USD Million)
      1. Wired Network Technology
      2. Wireless Network Technology
    4. Global IoT Enabled Healthcare Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Healthcare
      2. Retail
      3. Industrial
      4. Automotive
      5. Consumer Electronics
      6. Building Automation
    5. Global IoT Enabled Healthcare Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Stmicroelectronics N.V
      2. Texas Instruments Incorporated
      3. Texas Instruments Incorporated
      4. Te Connectivity Ltd
      5. Broadcom Limited
      6. NXP Semiconductors N.V
  7. Analyst Views
  8. Future Outlook of the Market