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 and Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 45.89 Billion
CAGR (2026-2031)	18.37%
Fastest Growing Segment	Wearables
Largest Market	North America
Market Size (2031)	USD 126.23 Billion

Market Overview

The Global IoT in Healthcare Market will grow from USD 45.89 Billion in 2025 to USD 126.23 Billion by 2031 at a 18.37% CAGR. The Global IoT in Healthcare Market is defined as a network of interconnected medical devices, software applications, and systems that facilitate the seamless exchange of health data for improved remote monitoring and clinical decision-making. The primary drivers supporting the market's growth include the rapidly aging global population paired with a rising prevalence of chronic diseases, which necessitates continuous and cost-effective patient management solutions. These fundamental factors create a sustained demand for remote care capabilities and operational efficiency, distinct from transient technological trends that merely influence feature sets.

However, a significant challenge that could impede market expansion is the heightened risk of cybersecurity breaches and data privacy violations inherent in widespread device connectivity. Ensuring the security of sensitive patient information against increasingly sophisticated cyber threats is critical for maintaining provider and patient confidence. According to the 'Consumer Technology Association', in '2025', the U.S. consumer technology industry is projected to generate $537 billion in retail revenue, a record figure significantly bolstered by the accelerated adoption of digital health innovations and connected medical technologies.

Key Market Drivers

Advancements in wearable medical devices and sensor technology are a primary catalyst for the Global IoT in Healthcare Market, enabling the transition from episodic to continuous patient care. These devices allow for the real-time collection of vital signs, which is essential for managing the rising prevalence of long-term conditions and reducing hospital readmissions. According to the American Medical Association, in December 2025, 52.5% of physicians reported that their practices utilized telehealth and remote monitoring tools specifically for managing patients with chronic diseases during 2024. This adoption reflects a structural shift where provider workflows are increasingly dependent on the data streams generated by patient-worn sensors to improve clinical outcomes and operational efficiency.

The integration of artificial intelligence and big data analytics further accelerates market growth by processing the vast quantities of data generated by these connected endpoints. AI algorithms are crucial for deriving actionable insights from disparate data sources, thereby enhancing diagnostic accuracy and predictive capabilities. According to Investing.com, in September 2025, Oracle reported a 359% year-over-year increase in remaining performance obligations, a surge primarily driven by the demand for artificial intelligence and cloud infrastructure capable of supporting complex digital health ecosystems. However, the expansion of this connected infrastructure necessitates robust security measures; according to Connection, in February 2025, 92% of healthcare organizations reported experiencing a cyberattack in 2024, highlighting the critical importance of resilient network architectures in the IoT landscape.

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Key Market Challenges

The risk of cybersecurity breaches and data privacy violations constitutes a substantial impediment to the growth of the global IoT in healthcare market. As medical networks become increasingly saturated with interconnected devices, the exposure of sensitive health information to digital threats rises correspondingly. This vulnerability creates significant hesitation among healthcare providers who fear that adopting these systems may compromise patient confidentiality and violate strict compliance regulations. Consequently, the potential for financial penalties and reputational damage forces many organizations to delay the integration of remote monitoring technologies.

Furthermore, security failures directly undermine the operational efficiency that IoT systems are designed to deliver. When digital infrastructure is targeted, the focus shifts from patient care innovation to damage control and system restoration. This disruption significantly impacts the economic stability of medical providers, making them reluctant to expand their digital footprint. According to the 'American Medical Association', in '2024', '80 percent of physicians reported that cyberattacks on connected healthcare systems resulted in lost revenue for their practices'. Such financial instability discourages further capital expenditure on connected medical devices, thereby slowing the overall market momentum.

Key Market Trends

The expansion of virtual wards and hospital-at-home care models represents a fundamental structural shift in patient management, moving acute care delivery from centralized facilities to domestic settings. This trend is distinct from simple remote monitoring; it involves the deployment of comprehensive IoT ecosystems that replicate inpatient-level oversight through continuous data streams and integrated response protocols. Healthcare systems are increasingly institutionalizing these models to alleviate capacity constraints and improve patient satisfaction, rather than using them solely as emergency measures. This rapid scaling of decentralized care infrastructure is evident in national health data; according to NHS England Digital, March 2025, in the 'Virtual Ward Capacity and Occupancy statistics', there were 12,825 virtual ward beds available across England, reflecting a massive year-on-year operational expansion to support non-hospitalized acute care.

Concurrently, the deployment of 5G connectivity is establishing the necessary low-latency infrastructure required for next-generation real-time healthcare applications, such as telesurgery and high-definition remote diagnostics. Unlike previous network generations that primarily supported asynchronous data transmission, 5G offers the reliability and bandwidth essential for mission-critical medical IoT functions where instant responsiveness is mandatory. This evolution transforms the market from passive data collection to active, real-time intervention capabilities, heavily relying on the broader economic growth of mobile connectivity. According to GSMA, March 2025, in the 'The Mobile Economy 2025' report, mobile technologies and services now generate 5.8% of global GDP, amounting to $6.5 trillion in economic value, which underscores the immense scale of the connectivity fabric now underpinning these advanced healthcare innovations.

Segmental Insights

The Wearables segment is projected to witness the fastest growth in the Global IoT in Healthcare Market, driven by the accelerating shift toward remote patient monitoring and preventative care. This expansion is primarily fueled by the rising prevalence of chronic lifestyle diseases, which necessitates continuous tracking of vital physiological metrics outside of clinical settings. Furthermore, increasing clearances for medical-grade devices by regulatory institutions, such as the US Food and Drug Administration (FDA), have validated the clinical utility of these technologies. This development empowers providers with real-time health data, significantly improving patient outcomes while optimizing operational efficiency.

Regional Insights

North America maintains a dominant position in the Global IoT in Healthcare Market, driven by its established healthcare infrastructure and the widespread integration of Electronic Health Records across medical facilities. This region benefits from the strong presence of major technology corporations and substantial investments in research and development, which accelerate the adoption of connected medical devices. Furthermore, the United States Food and Drug Administration actively supports market growth by establishing clear regulatory frameworks for digital health solutions. High per capita healthcare expenditure further enables hospitals to implement these remote monitoring systems, securing the region’s leadership.

Recent Developments

• In September 2024, Abbott Laboratories announced the availability of its first over-the-counter continuous glucose monitoring system in the United States, targeting consumers interested in improving their general wellness. The new biowearable system comprises a biosensor worn on the back of the arm and a mobile application that tracks glucose spikes and dips in real-time without requiring a prescription. The technology utilizes a unique algorithm to provide personalized coaching and actionable insights on how diet, exercise, and sleep patterns impact metabolic health. This launch aimed to expand access to bio-wearable technology beyond diabetes management, empowering individuals to build healthier lifestyle habits through continuous data tracking.
• In July 2024, Samsung Electronics officially entered the smart ring market with the launch of a new wearable device designed to offer simplified 24/7 health monitoring. The ring integrates with the company's digital health platform and utilizes advanced sensor technology to track metrics such as sleep quality, heart rate, and respiratory rate. It features artificial intelligence capabilities that analyze gathered data to provide users with a daily energy score and personalized wellness tips. The device also supports gesture controls and allows for integration with other connected devices in the company's ecosystem, representing a significant expansion of its portfolio in the ambient health monitoring sector.
• In July 2024, GE HealthCare entered into a strategic collaboration with Amazon Web Services to accelerate the development of generative artificial intelligence applications and foundation models specifically for medical diagnostics and patient care. As part of this partnership, the medical technology company selected the cloud provider to host its secure cloud-based imaging solutions and to support the training of clinical machine learning models. The initiative focuses on analyzing unstructured medical data, such as clinical reports and imaging files, to improve diagnostic accuracy and streamline operational workflows for healthcare providers. This cooperation aims to deploy versatile AI-driven tools that can interpret complex medical data across various disease states.
• In January 2024, Withings unveiled a revolutionary 4-in-1 connected health device capable of performing multiple vital sign checks at home. This compact "multiscope" combines a contactless thermometer, a digital stethoscope, a medical-grade electrocardiogram, and an oximeter into a single handheld unit. The device was designed to allow users to conduct comprehensive health checkups in under a minute and seamlessly transmit the clinical data to healthcare professionals via a secure mobile app. The launch highlighted the growing trend of remote patient monitoring, enabling doctors to receive high-fidelity audio and electrical heart data during telehealth consultations for more accurate remote assessments of heart and lung health.

Key Market Players

• 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

By Component	By Medical Devices	By System and Software	By Services	By Application	By End User	By Region
Medical Devices System and Software Services	Stationery Medical Devices Implants Wearables	Remote Device Management Data Analytics Application Security and Others	Managed Services Professional Services	Telemedicine Remote Patient Monitoring Clinical Operations and Workflow Management Connected Imaging and Others	Hospitals and Clinics Clinical Research Centres and Diagnostic Labs	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global IoT in Healthcare Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• IoT in Healthcare Market, By Component:

• Medical Devices
• System and Software
• Services

• IoT in Healthcare Market, By Medical Devices:

• Stationery Medical Devices
• Implants
• Wearables

• IoT in Healthcare Market, By System and Software:

• Remote Device Management
• Data Analytics
• Application Security and Others

• IoT in Healthcare Market, By Services:

• Managed Services
• Professional Services

• IoT in Healthcare Market, By Application:

• Telemedicine
• Remote Patient Monitoring
• Clinical Operations and Workflow Management
• Connected Imaging and Others

• IoT in Healthcare Market, By End User:

• Hospitals and Clinics
• Clinical Research Centres and Diagnostic Labs

• IoT in Healthcare Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE