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

Market Overview

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. According to MedTech Europe, in 2023, over 15,900 patent applications were filed in medical technology with the European Patent Office, representing a 1.3% growth. This sector’s innovation underscores its potential for addressing evolving healthcare needs.

However, market expansion faces a significant impediment in pervasive data security and privacy concerns, given the sensitive nature of patient health information transmitted across connected devices. Regulatory complexities and the need for robust interoperability standards also present considerable hurdles to widespread adoption and seamless integration within existing healthcare infrastructures.

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. According to the American Hospital Association, in 2023, approximately 74% of patients in the US utilized telehealth services through the IoT in healthcare, demonstrating widespread acceptance and utility of these solutions.

The rising prevalence of chronic diseases and an aging global population represent another fundamental driver. As the demographic landscape shifts, with a larger segment of the population living with long-term health conditions, the imperative for scalable and efficient healthcare delivery intensifies. IoMT provides critical tools for managing these conditions through continuous surveillance and personalized care pathways, helping to improve patient outcomes and alleviate pressure on healthcare infrastructure. According to the Centers for Disease Control and Prevention, in February 2024, "Chronic Disease Prevalence in the US," an estimated 129 million people in the US live with at least one major chronic disease, highlighting a substantial need for ongoing health support. The broader market for these integrated technologies is also expanding significantly; the U. S. Department of Health and Human Services reported a 45% increase in IoT-enabled healthcare devices between 2021 and 2023, underscoring the rapid integration of IoMT infrastructure into healthcare ecosystems.

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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. According to the American Hospital Association (AHA), in 2023, cyberattacks affected more than 100 million people, highlighting the extensive reach of these security failures. Such widespread incidents underscore the heightened risk environment, compelling providers to exercise extreme caution before integrating new connected medical devices into their infrastructure. The substantial investment required to implement and maintain robust security protocols further elevates the barrier to entry and widespread deployment for many potential users.

Key Market Trends

The Global Internet of Medical Things Market is significantly influenced by the increasing application of advanced analytical capabilities and the modernization of healthcare facilities. These two distinct trends are driving innovation and shaping the future of healthcare delivery.

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.

Concurrently, the Development of Smart Hospital Infrastructure is revolutionizing traditional hospital settings by embedding IoMT devices, automated systems, and comprehensive connectivity to create highly efficient and patient-centric environments. These infrastructures leverage real-time data to enhance patient safety, streamline clinical operations, and optimize resource management within the hospital. According to the American Hospital Association (AHA) "2024 Costs of Caring" report, in 2023, the average age of capital investments for medical equipment and infrastructure for all hospitals increased by 7.1%, reflecting a commitment to upgrading physical and technological foundations. Such investments support initiatives like the 10-year strategic collaboration announced in October 2023 between GE HealthCare and University Hospitals, focused on implementing enterprise digital solutions and AI-enabled devices to improve clinical and operational efficiencies. This trend fosters a seamless integration of technology to enhance both patient experience and healthcare provider capabilities.

Segmental Insights

The Medical Devices segment is experiencing rapid growth within the Global Internet of Medical Things Market, driven primarily by the escalating demand for remote patient monitoring solutions. This growth stems from the increasing prevalence of chronic diseases and an aging global population, which necessitate continuous health tracking and enhanced patient care outside traditional clinical settings. Furthermore, advancements in sensor technology, improved connectivity, and sophisticated data analytics are enabling the development of more effective and reliable connected medical devices, enhancing diagnostic accuracy and treatment efficiency. The global shift towards patient-centered care models also propels adoption, as IoMT-enabled medical devices offer proactive health management and contribute to healthcare cost containment.

Regional Insights

North America emerges as the leading region in the Global Internet of Medical Things Market, largely attributable to its well-established healthcare infrastructure and rapid adoption of digital health technologies. This regional prominence is further bolstered by substantial investments in IoMT innovations and the growing integration of remote patient monitoring devices. The presence of a robust IT and telecommunications framework facilitates seamless connectivity for medical devices. Additionally, supportive government initiatives promoting digital health and telehealth services, coupled with regulatory oversight from bodies like the Food and Drug Administration (FDA) and adherence to the Health Insurance Portability and Accountability Act (HIPAA), cultivate an environment conducive to technological advancement and widespread IoMT deployment.

Recent Developments

• In June 2025, Onyx Healthcare demonstrated its advanced medical computing platforms, which are crucial for enabling the Internet of Medical Things (IoMT) and supporting secure, efficient healthcare operations. This was showcased during a visit to Taiwan's health tech landscape, emphasizing the country's drive towards smarter, more connected, and patient-centered healthcare. Onyx Healthcare's platforms facilitate real-time data exchange and management for various medical scenarios, reinforcing Taiwan's commitment to innovation and collaboration in the global health tech ecosystem.

• In April 2025, a study highlighted that AI-powered, internet-connected medical devices, collectively known as the Internet of Medical Things (IoMT), possessed the potential to revolutionize healthcare. This breakthrough research suggested that these devices could facilitate early disease detection, provide real-time patient monitoring, and enable personalized treatments. Wearable devices, for instance, were demonstrated to detect cardiac issues early, triggering emergency responses and potentially preventing complications. The study emphasized IoMT's role in improving efficiency, reducing costs, and enhancing patient health management.

• In July 2024, KORE, a global leader in IoT solutions, and mCare Digital, an assistive technology provider, launched the mCareWatch 241. This new personal emergency alarm leverages eSIM technology, enabled by KORE's connectivity and provisioning platform. The mCareWatch 241 is designed to offer continuous connectivity for remote patient monitoring in homes or healthcare facilities. This product aims to enhance the independence of users, such as seniors and individuals with disabilities, by ensuring reliable access to immediate assistance through its two-way communication feature.

• In March 2024, Onymos and Vapotherm, Inc. announced a development and commercialization partnership to create an end-to-end Internet of Medical Things (IoMT) solution. This collaboration aimed to help Vapotherm build a unique respiratory digital platform for data visualization and device management. The solution connected Vapotherm's HVT® 2.0 system with the cloud, utilizing Onymos' Features-as-a-Service platform, including Edge, Access, and DataStore features. This initiative was designed to provide clinicians with remote access to clinically relevant patient information, aiding in quicker, more informed decisions for patient care.

Key Market Players

• 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, in addition to the industry trends which have also been detailed below:

• Internet of Medical Things Market , By Type:

o   On Body Segment

o   In Home Segment

o   In Hospital Segment

o   In Clinic Segment

o   Community Segment

• Internet of Medical Things Market , By Component:

o   Medical Devices

o   System & Software

o   Connectivity Technology

o   Services

• Internet of Medical Things Market , By Product Type:

o   Smart Wearable Devices

o   Home Use Medical Devices

o   Point of Care Kits

• Internet of Medical Things Market , By Technology:

o   BLE

o   Zigbee

o   Wi-Fi

o   LPWAN

o   Others

• Internet of Medical Things Market , By Application:

o   Telemedicine

o   Clinical Operation & Workflow Management

o   Medication Management

o   Connected Imaging

o   Inpatient Monitoring

o   Others

• Internet of Medical Things Market , By End User:

o   Healthcare Providers

o   Patients

o   Government Authorities

o   Others

• Internet of Medical Things Market , By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

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

Available Customizations:

Global Internet of Medical Things Market report with the given market data, TechSci Research 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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