Internet of Things (IoT) in Healthcare Market Report 2026

The internet of things (iot) in healthcare market size has grown exponentially in recent years. It will grow from $280.79 billion in 2025 to $342.57 billion in 2026 at a compound annual growth rate (CAGR) of 22%. The growth in the historic period can be attributed to chronic disease prevalence, hospital capacity constraints, early adoption of connected devices, healthcare digitization initiatives, demand for continuous patient monitoring.

The internet of things (iot) in healthcare market size is expected to see exponential growth in the next few years. It will grow to $716.8 billion in 2030 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to AI enabled clinical decision support, expansion of telemedicine services, growth of home healthcare models, investment in smart healthcare infrastructure, rising focus on preventive care. Major trends in the forecast period include remote patient monitoring expansion, connected medical devices integration, real time health data analytics, smart hospital infrastructure, wearable health technology adoption.

The increasing adoption of digital transformation is expected to drive growth in the Internet of Things (IoT) within the healthcare market. Digital transformation in healthcare involves utilizing various technologies and digital care programs to improve patient services and advance healthcare delivery. This shift has led to greater use of technologies such as artificial intelligence. According to recent surveys, 81% of healthcare executives report that the pace of digital transformation within their organizations is accelerating, while 93% feel a sense of urgency to innovate this year. For instance, in November 2023, GOV.UK noted that the government’s digital and data profession experienced a 19% growth between April 2022 and April 2023, effectively addressing critical digital skills demands. Thus, the growing adoption of digital transformation in healthcare is poised to enhance the growth of IoT in the sector.

Major companies in the Internet of Things (IoT) healthcare market are developing innovative solutions like cloud-based platforms to improve patient monitoring, enhance data management, and enable remote healthcare services. Cloud-based platforms are online services that store and manage data on remote servers, allowing users to access applications and information via the internet. This facilitates collaboration, scalability, and real-time data sharing without the need for local infrastructure. For example, in November 2023, Philips, a Netherlands-based technology company, launched HealthSuite Imaging, a next-generation cloud-based PACS (Picture Archiving and Communication System) platform at #RSNA23. Philips HealthSuite Imaging allows radiologists to securely access diagnostic tools and reports from anywhere, featuring AI-enabled workflow orchestration that streamlines clinical processes to enhance operational efficiency and patient care.

In January 2023, Cognizant Technology Solutions Corporation, a US-based provider of IT services and digital engineering solutions, acquired Mobica Limited for an undisclosed amount. Through this acquisition, Cognizant aims to enhance its IoT embedded software engineering capabilities in connected devices and digital transformation, supporting the development of advanced healthcare and other IoT applications. Mobica Limited is a UK-based company that offers a variety of Internet of Things (IoT) solutions tailored for the healthcare sector.

Major companies operating in the internet of things (iot) in healthcare market are IBM Corporation; Microsoft Corporation; Koninklijke Philips N.V; GE Healthcare; Cisco Systems Inc.; SAP SE; Medtronic PLC; Siemens Healthiness GmbH; Intel Corporation; Lenovo Healthcare Information Technology; MyrIoTa; HCL Technologies; Aeron Systems; Bioserenity; STANLEY Healthcare; Senseonics Holdings Inc.; Babylon Health; Hill-Rom Services Inc.; Dacadoo; Healthbank; Diagnocat; Renalytix AI; Exscientia; Cambridge Cognition; BenevolentAI.

North America was the largest region in the Internet of Things (IoT) in the healthcare market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (iot) in healthcare 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 things (iot) in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have affected the IoT in healthcare market by increasing the cost of imported medical sensors, connected devices, and networking components essential for remote monitoring systems. Hardware focused segments such as wearable devices and diagnostic equipment face higher procurement costs, particularly in regions reliant on global medical device supply chains. Hospitals and clinics experience budget pressures and longer deployment cycles as a result. However, tariffs are encouraging local manufacturing and software driven healthcare IoT platforms. This shift supports domestic innovation and improves long term supply chain resilience in healthcare systems.

The internet of things (iot) in healthcare market research report is one of a series of new reports that provides internet of things (iot) in healthcare market statistics, including internet of things (iot) in healthcare industry global market size, regional shares, competitors with a internet of things (iot) in healthcare market share, detailed internet of things (iot) in healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (iot) in healthcare industry. This internet of things (iot) in healthcare 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 Internet of Things (IoT) in healthcare refers to a solution that integrates wireless communication, sensing and positioning technologies, the cloud, and data and security services to enhance preventive healthcare, as well as the diagnosis, cure, treatment, and monitoring of health conditions. IoT in healthcare facilitates remote patient monitoring through the integration of smart sensors into medical devices, ensuring the safety and health of patients and enabling physicians to provide appropriate care.

The primary types of IoT in the healthcare market include medical devices, systems and software, and services. Medical devices encompass any instrument or related object that the producer intends for use in combination for a medical purpose. Connectivity technologies include cellular, Wi-Fi, near-field communications, satellite, Bluetooth, and Zigbee. Various applications include telemedicine, clinical operations, workflow management, inpatient monitoring, medication management, connected imaging, and other applications utilized by clinical research organizations, government institutions, research and diagnostic laboratories, hospitals and clinics, and other end-users.

The internet of things (IoT) in the healthcare market consists of revenues earned by entities by providing wearable external medical devices and stationery medical devices. 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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