Internet of Medical Things Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Medical Devices Segment is the fastest growing segment, North America is the largest regional market

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.

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 Profiled:

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:

By Type:

On Body Segment
In Home Segment
In Hospital Segment
In Clinic Segment
Community Segment

By Component:

Medical Devices
System & Software
Connectivity Technology
Services

By Product Type:

Smart Wearable Devices
Home Use Medical Devices
Point of Care Kits

By Technology:

BLE
Zigbee
Wi-Fi
LPWAN
Others

By Application:

Telemedicine
Clinical Operation & Workflow Management
Medication Management
Connected Imaging
Inpatient Monitoring
Others

By End User:

Healthcare Providers
Patients
Government Authorities
Others

By Region:

North America
Europe
Asia-Pacific
South America
Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Internet of Medical Things Market .

Available Customizations:

With the given market data, the publisher 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).

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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
5.1.1. By Value
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
6.1.1. By Value
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
6.3.1.1.1. By Value
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
6.3.2.1.1. By Value
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
6.3.3.1.1. By Value
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
7.1.1. By Value
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
7.3.1.1.1. By Value
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
7.3.2.1.1. By Value
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
7.3.3.1.1. By Value
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
7.3.4.1.1. By Value
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
7.3.5.1.1. By Value
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
8.1.1. By Value
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
8.3.1.1.1. By Value
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
8.3.2.1.1. By Value
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
8.3.3.1.1. By Value
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
8.3.4.1.1. By Value
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
8.3.5.1.1. By Value
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
9.1.1. By Value
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
9.3.1.1.1. By Value
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
9.3.2.1.1. By Value
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
9.3.3.1.1. By Value
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
10.1.1. By Value
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
10.3.1.1.1. By Value
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
10.3.2.1.1. By Value
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
10.3.3.1.1. By Value
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 Recommendations17. About the Publisher & Disclaimer

Companies Mentioned

The companies profiled in this Internet of Medical Things market report include:

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.

Table Information

Report Attribute	Details
No. of Pages	185
Published	November 2025
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 99.74 Billion
Forecasted Market Value ( USD ) by 2030	$ 257.16 Billion
Compound Annual Growth Rate	17.1%
Regions Covered	Global
No. of Companies Mentioned	11

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