Internet of Medical Things (IoMT) Market Report 2026

The internet of medical things (iomt) market size has grown exponentially in recent years. It will grow from $99.55 billion in 2025 to $124.26 billion in 2026 at a compound annual growth rate (CAGR) of 24.8%. The growth in the historic period can be attributed to rise of chronic diseases, increasing adoption of wearable devices, demand for remote patient monitoring, advancements in medical sensors, growth in connected healthcare infrastructure.

The internet of medical things (iomt) market size is expected to see exponential growth in the next few years. It will grow to $298.41 billion in 2030 at a compound annual growth rate (CAGR) of 24.5%. The growth in the forecast period can be attributed to integration with AI and predictive analytics, expansion of telehealth services, increasing use of cloud-based healthcare platforms, growing geriatric population, adoption of continuous monitoring devices. Major trends in the forecast period include remote patient monitoring, wearable health device integration, real-time data analytics, predictive healthcare alerts, telemedicine enablement.

The growing adoption of Internet of Things (IoT) devices is expected to drive the growth of the Internet of Medical Things (IoMT) market in the coming years. IoT devices are everyday objects and equipment embedded with sensors, software, and connectivity features that enable them to collect, transmit, and exchange data over the internet. The adoption of IoT devices is increasing due to the rising need for real-time data collection, which enhances decision-making and operational efficiency. The Internet of Medical Things (IoMT) benefits from this trend, as it relies on the same connected technologies, meaning broader IoT usage naturally supports the expansion of connected medical devices in healthcare. For example, in August 2025, Eurostat, a Luxembourg-based statistical agency, reported that 70.9 percent of people in the EU used internet-connected devices in 2024. Consequently, the increasing adoption of IoT devices is contributing to the growth of the IoMT market.

Leading companies in the Internet of Medical Things (IoMT) market are increasingly focusing on developing advanced solutions, such as ambulatory connected patient-monitoring systems, to address the growing demand for continuous, real-time monitoring, early clinical-warning capabilities, and enhanced care delivery across hospital and home settings. Ambulatory connected monitoring systems utilize wireless sensors and cloud-based platforms to continuously capture patient vitals, in contrast to traditional manual spot-checks that provide only limited and intermittent data. For example, in October 2023, Dozee, an India-based medical technology company, launched Dozee Pro Ex, an advanced ambulatory connected patient-monitoring system designed to enable seamless hospital-to-home care. The device employs wireless wearable sensors to track ECG rhythm, blood pressure, heart rate, oxygen saturation, respiration rate, and temperature. It is supported by an AI-driven early warning system that analyzes trends and alerts clinicians to potential deterioration. The solution allows centralized remote monitoring via command-center dashboards and mobile applications, offering continuous, connected, and automated tracking that significantly improves patient management compared with traditional bedside monitoring.

In April 2024, Omron Healthcare Co. Ltd., a Japan-based healthcare technology company, acquired Luscii Healthtech B.V. for an undisclosed amount. With this acquisition, Omron aims to accelerate and scale its remote-patient-monitoring (RPM) capabilities and expand its presence across Europe and beyond within the Internet of Medical Things (IoMT) market. Luscii Healthtech is a Netherlands-based healthcare technology company, specialises in a fully customisable remote-monitoring platform and patient-app ecosystem that serves over 150 diseases and connects general practitioners, hospitals, community care and virtual-ward services.

Major companies operating in the internet of medical things (iomt) market are Google LLC; Microsoft Corporation; Johnson & Johnson Services Inc.; Siemens Healthineers AG; Roche Diagnostics Corporation; Cisco Systems Inc.; Qualcomm Life Inc.; Abbott Laboratories; Oracle Corporation; Honeywell International Inc.; Medtronic PLC; Becton Dickinson and Company; Koninklijke Philips N.V.; Stryker Corporation; GE HealthCare Technologies Inc.; Boston Scientific Corporation; Zimmer Biomet Holdings Inc.; Zebra Technologies Corp.; Smith & Nephew PLC; Otsuka America Pharmaceutical Inc.; ResMed Inc.; AptarGroup Inc.; DexCom Inc.; Masimo Corporation; iRhythm Technologies Inc.; Merative L.P.; Capsule Technologies Inc.; Owlet Baby Care Inc.; AgaMatrix Inc.; AliveCor.

North America was the largest region in the internet of medical things (IoMT) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of medical things (iomt) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the internet of medical things (iomt) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have impacted the internet of medical things (IoMT) market by increasing the cost of imported medical devices, sensors, and IoT-enabled healthcare equipment. Regions such as North America, Europe, and Asia-Pacific, major hubs for device manufacturing and deployment, are most affected. Segments like wearable devices and stationary medical devices have experienced higher costs, which could slow adoption. However, tariffs have also encouraged local manufacturing, innovation in cost-efficient IoMT solutions, and regional supply chain diversification, providing opportunities for market growth and enhanced accessibility of healthcare technologies.

The internet of medical things (iomt) market research report is one of a series of new reports that provides internet of medical things (iomt) market statistics, including internet of medical things (iomt) industry global market size, regional shares, competitors with a internet of medical things (iomt) market share, detailed internet of medical things (iomt) market segments, market trends and opportunities, and any further data you may need to thrive in the internet of medical things (iomt) industry. This internet of medical things (iomt) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The term Internet of Medical Things (IoMT) denotes a network that interconnects various medical devices, equipment, sensors, and software applications. These interconnected elements are responsible for the collection, transmission, and exchange of healthcare-related data via the internet. IoMT builds upon the principles of the broader Internet of Things (IoT) concept to enhance healthcare services by enabling remote patient monitoring, real-time data analysis, and the overall improvement of patient care.

IoMT primarily comprises four main categories of devices are wearable devices, stationary devices, implantable devices, and other miscellaneous devices. Wearable devices, which are compact electronic devices worn on the body, often in the form of accessories or clothing, serve the purpose of collecting and transmitting data for various applications, including health monitoring, communication, and activity tracking. These devices find utility in various applications, such as data collection and analysis, real-time monitoring, remote medical assistance, tracking, and issuing alerts. These applications cater to diverse end users, including healthcare providers, patients, government authorities, and others.

The internet of medical things (IoMT) market consists of revenues earned by entities by providing consulting and implementation services, patient engagement and telemedicine and virtual care. The market value includes the value of related goods sold by the service provider or included within the service offering. The internet of medical things (IoMT) market also includes sales of ECG (Electrocardiogram) monitors, neurostimulators and fitness trackers, which are used in providing internet of medical things (IoMT) services. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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