IoT Healthcare Market, By Component, By Technology, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2025-2032

REPORT HIGHLIGHT

IoT Healthcare Market size was valued at USD 127,109.42 Million in 2024, expanding to a CAGR of 17.20% from 2025 to 2032.

IoT in Healthcare refers to the use of interconnected medical devices and applications that collect, transmit, and analyze health data over the internet in real-time to improve patient care, reduce costs, and increase healthcare system efficiency.

IoT Healthcare Market- Market Dynamics

Growing demand for remote patient monitoring and advancements in IoT devices is expected to propel market demand
The primary factors driving the IoT in healthcare market are increased need for remote patient monitoring, especially among patients with chronic diseases such as diabetes, cardiovascular disorders, and respiratory illnesses. RPM solutions allow healthcare providers to monitor patients’ vitals such as blood pressure, heart rate, glucose levels, and oxygen saturation remotely, reducing the need for frequent hospital visits. This is particularly valuable for elderly people and in rural or underserved areas. With wearable and implantable devices becoming more advanced and affordable, adoption is increasing steadily.
Further, IoT helps reduce operational costs through automation, improved asset management, and preventive care. For instance, smart hospital beds, connected drug dispensers, and real-time tracking of medical equipment minimize inefficiencies and manual labor. By reducing readmissions and hospital stays, IoT can significantly cut down healthcare costs. Additionally, rapid improvements in sensor technologies, wireless communication such as 5G, Bluetooth, and artificial intelligence have made IoT devices more accurate, compact, and user-friendly. Integration with cloud platforms and EHR (Electronic Health Record) systems has made data collection and sharing seamless, enhancing clinical decision-making and care coordination. These innovations support the expansion of IoT in various healthcare segments. Wearable technologies such as fitness bands, ECG monitors, and smartwatches have become mainstream. These devices not only track fitness metrics but also collect important health data. Integration of wearables with health apps and hospital systems helps with early diagnosis and lifestyle monitoring, boosting market growth.

IoT Healthcare Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 17.20% over the forecast period (2025-2032)
Based on Component segmentation, the medical devices segment was predicted to show maximum market share in the year 2024, due to high demand for glucose monitors, ECG monitors, etc.
Based on Technology segmentation, the 5G segment was the leading Technology segment in 2024, owing to higher demand for 5G network solutions.
Based on Application segmentation, the telemedicine segment was the leading Application segment in 2024, due to increasing organizational efforts for paperless HER is supporting segment demand.
On the basis of the region, North America was the leading revenue generator in 2024, owing to the presence of advanced surgical, hospital & clinical centers.

IoT Healthcare Market- Segmentation Analysis:

The Global IoT Healthcare Market is segmented on the basis of Component, Technology, Application, and Region.
The market is divided into four categories based on Component: medical devices, remote patient monitoring, software & services, and others. The medical devices segment dominates the market. Increasing demand for wearables, ECG monitors in healthcare system are contributing to segment demand.
The market is divided into three categories based on Technology: 5G, Bluetooth, and others. The 5G segment is expected to hold the largest share as the growing adoption of 5G network and services are boosting the adoption of IoT in healthcare.
The market is divided into four categories based on Application: telemedicine, inpatient monitoring, imaging, and others. The telemedicine segment holds the highest share of the Application segment. Growing needs to make informed decisions and track patient health is fueling segment growth.

IoT Healthcare Market- Geographical Insights
Across the globe, the IoT Healthcare market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is the largest market globally, driven by advanced healthcare systems, high adoption of digital health, and strong IoT infrastructure. Europe has a well-developed healthcare infrastructure and strong regulatory standards and significant public and private investment in digital health transformation. In Asia Pacific, China and Japan are market leaders in healthcare IoT deployments. India is expected to witness rapid growth in rural telemedicine and low-cost IoT solutions. In Middle East & Africa, gulf countries like UAE and Saudi Arabia are deploying IoT in large-scale digital health projects for development of region.

IoT Healthcare Market- Competitive Landscape:

The IoT healthcare market is highly competitive and rapidly evolving, with key players leveraging technological innovation. The market is fragmented and formed by major global players and numerous emerging startups. Companies are investing large chunk of revenues in R&D, acquiring startups, and forming alliances with healthcare providers and tech firms. Leading companies are developing cloud solutions, wearables, and secure connectivity, making strategic partnerships and product innovation central to gaining a competitive edge. For example, Cisco Systems introduced secure IoT networking solutions tailored for healthcare environments.

Recent Developments:

In January 2024, wearable ECG monitor with advanced IoT integration for continuous heart health monitoring.
In February 2024, Abbott laboratories introduced a smart glucose monitoring system with real-time data-sharing capabilities for enhanced diabetes management.
In 2024, Medtronic plc introduced a cloud-based cardiac monitor system for reducing diagnostic time.

SCOPE OF THE REPORT


The scope of this report covers the market by its major segments, which include as follows:

GLOBAL IOT HEALTHCARE MARKET KEY PLAYERS

Medtronic plc
Philips Healthcare
GE HealthCare
Siemens Healthineers
Abbott Laboratories
Johnson & Johnson
Boston Scientific Corporation
Dexcom, Inc.
Honeywell International Inc.
Cisco Systems, Inc.
IBM Corporation
Qualcomm Life, Inc.
Samsung Electronics Co., Ltd.
Fitbit
Intel Corporation
Koninklijke Philips N.V.
Masimo Corporation
ResMed Inc.
BioIntelliSense, Inc.
AliveCor, Inc.
Others

GLOBAL IOT HEALTHCARE MARKET, BY COMPONENT- MARKET ANALYSIS, 2019-2032

Medical devices
Remote patient monitoring
Software & services
Others

GLOBAL IOT HEALTHCARE MARKET, BY TECHNOLOGY- MARKET ANALYSIS, 2019-2032

5G
Bluetooth
Others

GLOBAL IOT HEALTHCARE MARKET, BY APPLICATION- MARKET ANALYSIS, 2019-2032

Telemedicine
Inpatient monitoring
Imaging
Others

GLOBAL IOT HEALTHCARE MARKET, BY REGION- MARKET ANALYSIS, 2019-2032

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Israel
Turkey
Algeria
Egypt
Rest of MEA Show more