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

By Component Type;

Medical Device, Service and System & Software.

By Application;

Clinical Operations & Work Flow Management, Telemedicine, Connected imaging, Medication Management, Inpatient Management and Others.

By Connectivity;

WiFi, Bluetooth Low Energy, Zigbee, Near Field Communication (NFC), Cellular and Satellite.

By End-User;

Clinical Research Organization (CR), Government And Defense Institutions, Hospitals, Surgical Centers, And Clinics and Research And Diagnostics Laboratories.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn596042345 Published Date: January, 2025 Updated Date: February, 2025

Introduction

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

In the year 2024, the Global IoT Healthcare Market was valued at USD 205,403.93 million. The size of this market is expected to increase to USD 723,215.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 19.7%.

The global IoT healthcare market refers to the application of Internet of Things (IoT) technology in the healthcare industry to facilitate connectivity, data exchange, and automation for improved patient care, operational efficiency, and healthcare outcomes. This market encompasses a wide range of IoT-enabled devices, systems, and solutions that are deployed across various healthcare settings, including hospitals, clinics, ambulatory care centers, and home healthcare environments.

IoT technology in healthcare enables the seamless integration and interoperability of medical devices, sensors, wearables, and other healthcare equipment with healthcare information systems, electronic health records (EHRs), and cloud-based platforms. This connectivity allows for real-time monitoring, remote patient management, and data-driven decision-making, empowering healthcare providers to deliver more personalized, efficient, and effective care.

Key components of the global IoT healthcare market include wearable health trackers, remote patient monitoring devices, smart medical devices, telehealth platforms, and healthcare IoT platforms and solutions. These technologies enable continuous monitoring of vital signs, medication adherence, disease management, and patient engagement, facilitating proactive healthcare interventions and preventive care strategies.

The global IoT healthcare market is driven by factors such as the increasing prevalence of chronic diseases, the aging population, rising healthcare costs, and the growing demand for remote patient monitoring and telemedicine solutions. Additionally, advancements in IoT technology, wireless connectivity, sensor technology, and data analytics are fueling innovation and expanding the capabilities of IoT-enabled healthcare solutions.

The COVID-19 pandemic has accelerated the adoption of IoT healthcare solutions, particularly telemedicine and remote monitoring, as healthcare providers seek alternative ways to deliver care while minimizing physical contact and reducing the burden on healthcare facilities.

The global IoT healthcare market represents a dynamic and rapidly evolving landscape, with significant opportunities for technology providers, healthcare organizations, and stakeholders to leverage IoT innovations to transform healthcare delivery, improve patient outcomes, and enhance the overall healthcare experience.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Connectivity
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Global IoT Healthcare Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Remote Patient Monitoring
        2. Advancements in Wearable Technology
        3. Government Initiatives and Support
      2. Resstraints
        1. Data Security and Privacy Concerns
        2. Interoperability Issues
        3. Cost and Complexity of Implementation
      3. Opportunities
        1. Expansion of Telehealth Services
        2. Predictive Analytics and Personalized Medicine
        3. Healthcare IoT Ecosystem Development
    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 Healthcare Market, By Component Type, 2021 - 2031 (USD Million)
      1. Medical Device
      2. Service
      3. System & Software
    2. Global IoT Healthcare Market, By Application, 2021 - 2031 (USD Million)
      1. Clinical Operations & Work Flow Management
      2. Telemedicine
      3. Connected imaging
      4. Medication Management
      5. Inpatient Management
      6. Others
    3. Global IoT Healthcare Market, By Connectivity, 2021 - 2031 (USD Million)
      1. WiFi
      2. Bluetooth Low Energy
      3. Zigbee
      4. Near Field Communication (NFC)
      5. Cellular
      6. Satellite
    4. Global IoT Healthcare Market, By End-User, 2021 - 2031 (USD Million)
      1. Clinical Research Organization (CR)
      2. Government And Defense Institutions
      3. Hospitals, Surgical Centers, And Clinics
      4. Research And Diagnostics Laboratories
    5. Global IoT Healthcare 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. Castlight Health Inc.
      2. Apple Inc.
      3. AdhereTech Inc.
      4. Aeris Communications, Inc.
      5. Cisco Systems Inc.
      6. General Electric Co
      7. SAP SE
      8. IBM (International Business Machines Corporation)
      9. Proteus Digital Health
      10. Qualcomm Life, Inc.
      11. STANLEY Healthcare
      12. Philips Healthcare
      13. Cerner Corporation
      14. Diabetizer Ltd. & Co. KG
      15. Infosys Limited
  7. Analyst Views
  8. Future Outlook of the Market