Connected Medical Devices Internet Of Medical Things (IoMT) Market Global Report 2026

The connected medical devices internet of medical things (IoMT) market size has grown rapidly in recent years. It will grow from $61.85 billion in 2025 to $71.01 billion in 2026 at a compound annual growth rate (CAGR) of 14.8%. The growth during the historic period was driven by increasing adoption of electronic health records, rising demand for remote patient monitoring, growing healthcare digitization initiatives, increasing prevalence of chronic diseases, and rising need for improved healthcare delivery efficiency.

The connected medical devices internet of medical things (IoMT) market size is expected to see rapid growth in the next few years. It will grow to $124.46 billion in 2030 at a compound annual growth rate (CAGR) of 15.1%. The growth during the forecast period is driven by growing adoption of connected wearable medical devices, rising demand for personalized healthcare solutions, increasing expansion of home healthcare services, growing need for real-time clinical decision support, and expanding deployment of smart hospital infrastructure. Key trends during the forecast period include increasing adoption of connected medical devices for real-time patient monitoring, growing integration of wearable healthcare devices for continuous health tracking, rising demand for interoperable medical device connectivity solutions, expanding use of remote healthcare monitoring systems for improved patient management, and increasing focus on secure data exchange between medical devices and healthcare systems.

The growing adoption of telehealth and remote patient monitoring is expected to drive the growth of the connected medical devices (IoMT) market in the coming years. Telehealth and remote patient monitoring (RPM) involve the use of digital communication technologies and connected medical devices to deliver healthcare services and continuously monitor patients' health data remotely outside conventional clinical settings. The adoption of telehealth and remote patient monitoring is increasing due to the rising prevalence of chronic diseases, as these solutions enable continuous health monitoring and timely medical care for patients requiring long-term disease management. Connected medical devices (IoMT) facilitate telehealth and remote patient monitoring by continuously collecting and transmitting real-time patient health data to healthcare providers, enabling remote assessment, prompt intervention, and more effective disease management. For example, in August 2025, according to the US Department of Health and Human Services, a US-based government administration, nearly 1 million enrollees received remote patient monitoring services in 2024, representing a 27% increase compared to 2023. Therefore, the growing adoption of telehealth and remote patient monitoring is driving the growth of the connected medical devices (IoMT) market.

Major companies operating in the connected medical devices Internet of Medical Things (IoMT) market are focusing on introducing innovative solutions, such as remote patient management, to support continuous health monitoring, improve patient outcomes, and enhance healthcare delivery efficiency. Remote patient management is a digital healthcare system that utilizes connected medical devices, software, and communication technologies to remotely collect, monitor, and manage patients' health data outside traditional healthcare environments. For example, in March 2023, Royal Philips, a Netherlands-based health technology company, launched Philips Virtual Care Management, a comprehensive telehealth solution designed to help healthcare providers remotely monitor and manage patients across multiple care settings. The platform integrates remote patient monitoring, patient engagement tools, and care coordination capabilities into a unified solution, enabling clinicians to monitor patient health data and intervene proactively when necessary. It utilizes connected medical devices and digital communication technologies to improve patient outcomes, reduce hospital readmissions, and enhance the overall efficiency of healthcare delivery.

In November 2024, Amazon Web Services Inc., a US-based cloud computing company, partnered with Royal Philips to accelerate the migration of healthcare systems to the cloud and support scalable, AI-driven digital health and diagnostic solutions. Through this partnership, the companies aim to modernize healthcare IT infrastructure by migrating clinical and diagnostic systems to the cloud, enabling enhanced data accessibility, greater operational efficiency, and AI-powered clinical decision support. Royal Philips is a Netherlands-based health technology company that provides connected medical devices (IoMT).

Major companies operating in the connected medical devices internet of medical things (iomt) market are Abbott Laboratories, AliveCor Inc., Apple Inc., Becton Dickinson and Company, BioIntelliSense, Boston Scientific Corporation, Cisco Systems, Dexcom Inc., Edwards Lifesciences Corporation, Epitel Inc., F. Hoffmann-La Roche AG, Garmin Ltd., GE HealthCare Technologies Inc., IBM, Intuitive Surgical Inc., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Microsoft, Olympus Corporation, Omron Corporation, ResMed Inc., Siemens Healthineers AG, Stryker Corporation, Terumo Corporation, Zimmer Biomet Holdings Inc.

North America was the dominating region in the connected medical devices internet of medical things (IoMT) market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the connected medical devices 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 connected medical devices 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.

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