IoT in Healthcare Market to Grow with a CAGR of 18.32% through 2030

Growth of Telemedicine is expected to drive the Global IoT in Healthcare Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “IoT in Healthcare- Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global IoT in Healthcare Market stood at USD 44.47 Billion in 2024 and is anticipated to grow with a CAGR of 18.32% through 2030. The expansion of telemedicine is a major driver for IoT adoption in healthcare, reshaping the delivery and accessibility of medical services. As both patients and healthcare providers increasingly embrace remote consultations, the need for IoT-enabled devices to monitor health data in real time has grown significantly. Devices such as wearables, home health sensors, and remote diagnostic tools provide healthcare professionals with accurate, up-to-date patient information, enabling personalized and proactive care. This shift not only improves health outcomes but also enhances access to healthcare, particularly in rural or underserved regions where in-person visits may be difficult.

Moreover, telemedicine helps alleviate pressure on healthcare facilities by facilitating virtual consultations and reducing the need for patient travel, while improving operational efficiency through faster diagnoses and treatment adjustments. The growing integration of IoT with telemedicine is further supported by the rapid rollout of 5G and high-speed internet networks, ensuring seamless communication between patients and providers. As telemedicine continues to evolve, its combination with IoT technology is driving innovation in healthcare, reducing costs, and transforming the patient experience, positioning it as a core element of modern healthcare systems.

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Global IoT in Healthcare Market is segmented component, medical devices, system and software, services, application, end user, regional distribution, and company.

Based on the System and Software, data analytics emerged as the dominating segment in the global IoT in Healthcare market in 2024. This trend is primarily attributed to the critical role that data analytics plays in extracting actionable insights from the vast amounts of data generated by IoT devices in healthcare settings. Data analytics solutions enable healthcare organizations to leverage the wealth of data collected from IoT devices, electronic health records (EHRs), and other sources to derive meaningful insights, identify trends, and predict patient outcomes. By applying advanced analytics techniques such as machine learning and artificial intelligence (AI), healthcare providers can unlock valuable insights into patient health, disease patterns, and treatment effectiveness. The growing demand for data analytics in the healthcare sector is driven by several factors.

Based on the services, the managed services emerged as the dominating segment in the global IoT in Healthcare market in 2024. The complexity of IoT deployments in healthcare, coupled with the critical nature of healthcare operations, makes managed services an attractive option for healthcare organizations seeking to offload the burden of managing and maintaining their IoT infrastructure. Managed service providers offer expertise in designing, implementing, and managing IoT solutions, allowing healthcare organizations to focus on their core business functions while ensuring the seamless operation of their IoT systems. Managed services play a crucial role in addressing key challenges such as data security and privacy, interoperability, and regulatory compliance. Managed service providers implement robust cybersecurity measures, data governance frameworks, and compliance controls to safeguard patient data and ensure compliance with regulatory requirements such as HIPAA and GDPR. The shift towards value-based care and population health management further underscores the importance of managed services in healthcare. Managed service providers offer analytics and insights capabilities, enabling healthcare organizations to derive actionable insights from IoT-generated data, optimize clinical workflows, and improve patient outcomes.

Based on Region, the Asia Pacific region is expected to be fastest growing region during the forecast period in global IoT in Healthcare market. Rapid digital transformation across healthcare systems, along with significant investments in technology, has accelerated the adoption of IoT solutions. The region is home to a large, aging population and an increasing prevalence of chronic diseases, which has amplified the demand for innovative healthcare solutions that offer efficient patient monitoring and care management. Additionally, many countries in Asia Pacific are focused on improving healthcare accessibility and affordability, creating a strong market for cost-effective IoT-enabled devices. As governments and healthcare providers invest in advanced technologies to improve patient outcomes, streamline operations, and reduce costs, the region is poised to continue its rapid growth, positioning itself as a leader in healthcare innovation and technology.

Major companies operating in Global IoT in Healthcare Market are:

• Medtronic, Plc
• Koninklijke Philips N.V.
• GE Healthcare Inc.
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Cerner
• AgaMatrix, Inc.
• Cisco Systems, Inc.
• Intel Corporation
• Siemens Healthineers AG

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“The IoT in healthcare market is experiencing rapid growth, driven by advancements in technology, rising healthcare costs, and increasing demand for personalized care. As healthcare systems shift toward value-based care, IoT solutions provide real-time monitoring, data analytics, and predictive insights, enabling proactive patient management. Wearables, remote monitoring devices, and AI-powered tools are at the forefront, enhancing patient outcomes, improving efficiency, and reducing costs. As governments and healthcare providers continue to invest in digital transformation, the market’s potential for innovation is vast, presenting significant opportunities for both established players and emerging startups within the healthcare ecosystem”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“IoT in Healthcare Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Component (Medical Devices, System and Software, Services), By Medical Devices (Stationery Medical Devices, Implants, Wearables), By System and Software (Remote Device Management, Data Analytics, Application Security and Others), By Services (Managed Services, Professional Services), By Application (Telemedicine, Remote Patient Monitoring, Clinical Operations and Workflow Management, Connected Imaging and Others), By End-User (Hospitals and Clinics, Clinical Research Centres and Diagnostic Labs) By Region, By Competition, 2020-2030F”, has evaluated the future growth potential of Global IoT in Healthcare Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global IoT in Healthcare Market.

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