IoT in Healthcare Market - Global Forecast 2025-2032

The Internet of Things (IoT) in healthcare market is entering a period of robust transformation, driven by advances in connected medical devices and a growing need for data-driven care models across global health systems.

Market Snapshot: IoT in Healthcare Market Growth

The IoT in healthcare market grew from USD 196.48 billion in 2024 to USD 229.33 billion in 2025, with continued growth anticipated at a compound annual growth rate (CAGR) of 16.67% to reach USD 674.92 billion by 2032. This surge is attributed to the widespread adoption of connected medical devices, increasing integration with electronic health record platforms, and enhanced use of real-time monitoring technologies in clinical and home-based environments.

Scope & Segmentation

• Component: Managed services, professional services, hardware (imaging devices, infusion pumps, remote patient monitoring devices), software (data analytics software, device management software, security & compliance software)
• Deployment Mode: Cloud (private and public), on-premise
• Application: Chronic disease management (blood pressure monitoring, glucose monitoring, heart rate monitoring), clinical workflow (inventory management, patient flow management), fitness & wellness, hospital asset management, medication management systems (medication adherence, smart pill dispensers)
• End-User: Healthcare providers, patients, payers
• Region: Americas (North America: United States, Canada, Mexico; Latin America: Brazil, Argentina, Chile, Colombia, Peru), Europe, Middle East & Africa (Europe: United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland; Middle East: United Arab Emirates, Saudi Arabia, Qatar, Turkey, Israel; Africa: South Africa, Nigeria, Egypt, Kenya), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan)
• Key Players: GE Healthcare, OSP Labs, Simon IoT LLC, u-blox AG, InfiSIM Ltd., Thales Group, Abbott Laboratories, Wipro Limited, Siemens AG, Claroty Ltd., Cisco Systems Inc.

Key Takeaways

• Connected medical devices are reshaping patient care pathways by enabling continuous monitoring and supporting timely clinical interventions beyond traditional care settings.
• The integration of artificial intelligence and edge computing is significantly enhancing the responsiveness and predictive capabilities of healthcare IoT ecosystems.
• Universal interoperability standards are facilitating smoother data exchange, allowing providers to collaborate more effectively and optimize their operational workflows.
• Wearable and mobile health applications are advancing personalized wellness, leading to patient-centric care and improved engagement in preventive health behaviors.
• Suppliers and providers are forging strategic partnerships to address operational inefficiencies, regulatory compliance, and evolving data privacy requirements.

Tariff Impact on Supply Chains and Cost Structures

Recent United States tariff measures have introduced complexity into supply chains for medical hardware, especially regarding imaging devices and electronic components. Increased import duties are prompting manufacturers and technology vendors to diversify procurement, pursue nearshoring, and renegotiate supplier contracts. Organizations are leveraging cloud infrastructure and forming alliances with logistics specialists to reduce exposure to regulatory disruptions. This dynamic has made supply chain resilience and adaptive planning essential considerations for healthcare leaders managing connected device portfolios.

Methodology & Data Sources

This report is based on a rigorous multi-stage research process combining primary interviews with industry leaders and practitioners, comprehensive secondary data analysis, and quantitative validation. Data triangulation ensures reliability, while sensitivity analyses help assess the impact of technology and policy shifts on the IoT healthcare market.

Why This Report Matters

• Enables executive teams to benchmark digital health strategies and identify priority investment areas in emerging technologies.
• Provides clarity on evolving regulatory, compliance, and interoperability frameworks to aid in risk mitigation and operational planning.
• Supports informed decision-making by supplying actionable insights on competitor moves, partnership trends, and market entry dynamics.

Conclusion

The IoT in healthcare market is rapidly evolving due to the deployment of advanced technologies and changing regulatory landscapes. Stakeholders equipped with strategic insights from this report will be positioned to navigate disruptions, sustain innovation, and drive measurable improvements in patient care delivery.

Additional Product Information:

• Purchase of this report includes 1 year online access with quarterly updates.
• This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.