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Europe IoT Medical Devices Market Outlook (2022-2033)

Publisher Business Market Insights
Published Aug 21, 2025
Length 253 Pages
SKU # BMKS20376260

Description

The European market for Internet of Things (IoT) medical devices is poised for remarkable growth, with projections indicating that it will reach approximately USD 44,122.3 million by 2033, a significant increase from USD 12,265.2 million in 2024. This growth trajectory suggests a compound annual growth rate (CAGR) of 16.2% from 2025 to 2033, highlighting the increasing importance and integration of IoT technologies in the healthcare sector.

Executive Summary and Market Analysis

The IoT medical devices market in Europe is on an upward trend, primarily fueled by the rising incidence of chronic diseases and an aging population. As healthcare systems evolve, there is a growing emphasis on patient-centric and personalized healthcare solutions, which are further enhanced by technological advancements. Europe benefits from a robust healthcare infrastructure that supports the adoption of connected technologies aimed at improving patient care.

However, the market faces several challenges that could hinder its growth. The regulatory landscape is complex and frequently changing, particularly with the implementation of the Medical Device Regulation (MDR) and In-Vitro Diagnostic Regulation (IVDR). These regulations impose stringent scrutiny on medical devices, complicating market access. Additionally, the General Data Protection Regulation (GDPR) presents challenges in managing and safeguarding data generated by IoT devices. Other obstacles include issues related to system interoperability and the high initial costs associated with implementing IoT medical devices, which can deter healthcare providers from adopting these technologies.

Market Segmentation Analysis

The IoT medical devices market can be segmented based on product type, technology, application, and end user.

By Product: The market includes various categories such as vital signs monitoring devices, implantable cardiac devices, infusion pumps, hearing devices, and others. In 2024, vital signs monitoring devices emerged as the leading segment, reflecting their critical role in patient care.
By Technology: The market is categorized into Wi-Fi, Bluetooth, cellular, and other technologies. The Wi-Fi segment was the dominant technology in 2024, showcasing its widespread use in healthcare settings.
By Application: The applications of IoT medical devices include patient monitoring, medication management, telemedicine, and others. The patient monitoring segment held the largest market share in 2024, underscoring the importance of continuous health tracking.
By End User: The market is divided into hospitals and clinics, home care settings, and other users. Hospitals and clinics represented the largest share in 2024, reflecting the critical need for advanced medical technologies in these environments.

Market Outlook

The European IoT medical devices market encompasses a diverse range of countries, including Belgium, Austria, Finland, Denmark, Greece, Poland, Romania, Russia, Ukraine, Czech Republic, Slovakia, Bulgaria, Italy, Luxembourg, Germany, Switzerland, France, Netherlands, Norway, Portugal, Spain, Sweden, and the United Kingdom. The market is expected to maintain steady growth, driven by the rapidly increasing aging population across Europe.

Countries such as Germany, the UK, and France are at the forefront of investing in connected health solutions and telemedicine. The integration of advanced technologies, including artificial intelligence (AI) and machine learning, delivered through cloud platforms, is propelling market expansion. However, growth is tempered by challenges such as stringent EU regulations, compliance with data privacy laws like GDPR, interoperability issues, and cybersecurity concerns. Despite these hurdles, Europe remains a significant player in the global IoT market, holding a substantial share.

Country Insights

The market can be further analyzed by individual countries. Germany stands out as the largest market in 2024, characterized by a strong economy and advanced technological infrastructure. The German government actively supports digital health initiatives through regulatory and financial backing, focusing on modernizing its healthcare system to accommodate an aging population. The country is particularly invested in enhancing IoT applications for real-time patient monitoring and precision medicine.



The UK also demonstrates considerable potential in the digital healthcare sector, with the National Health Service (NHS) advocating for the adoption of digital technologies to enhance patient outcomes while optimizing costs. There is a notable emphasis on telehealth and virtual care solutions, which are becoming increasingly integral to the healthcare landscape.

Company Profiles

Key players in the European IoT medical devices market include Medtronic Plc, GE HealthCare Technologies Inc, Koninklijke Philips NV, Abbott Laboratories, Boston Scientific Corporation, Omron Healthcare Inc, Baxter International Inc, Siemens Healthineers AG, Johnson & Johnson, and Drägerwerk AG & Co KGaA. These companies are employing various strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver cutting-edge products to consumers.

In conclusion, the European IoT medical devices market is set for substantial growth, driven by demographic trends, technological advancements, and a strong healthcare infrastructure, despite facing regulatory and operational challenges.

Table of Contents

253 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation
4. Europe IoT Medical Devices Market Landscape
4.1 Overview
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Europe IoT Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints
6. Europe IoT Medical Devices Market Regional Analysis
6.2 Europe IoT Medical Devices Market Revenue 2022-2033 (US$ Million)
6.3 Europe IoT Medical Devices Market Forecast Analysis
7. Europe IoT Medical Devices Market Analysis – by Product
7.1 Vital Signs Monitoring Devices
7.1.1 Overview
7.1.2 Vital Signs Monitoring Devices: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
7.2 Implantable Cardiac Devices
7.2.1 Overview
7.2.2 Implantable Cardiac Devices: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
7.3 Infusion Pumps
7.3.1 Overview
7.3.2 Infusion Pumps: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
7.4 Hearing Devices
7.4.1 Overview
7.4.2 Hearing Devices: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
8. Europe IoT Medical Devices Market Analysis – by Technology
8.1 Wi-Fi
8.1.1 Overview
8.1.2 Wi-Fi: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
8.2 Bluetooth
8.2.1 Overview
8.2.2 Bluetooth: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
8.3 Cellular
8.3.1 Overview
8.3.2 Cellular: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
9. Europe IoT Medical Devices Market Analysis – by Application
9.1 Patient Monitoring
9.1.1 Overview
9.1.2 Patient Monitoring: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
9.2 Medication Management
9.2.1 Overview
9.2.2 Medication Management: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
9.3 Telemedicine
9.3.1 Overview
9.3.2 Telemedicine: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
10. Europe IoT Medical Devices Market Analysis – by End User
10.1 Hospitals & Clinics
10.1.1 Overview
10.1.2 Hospitals & Clinics: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
10.2 Home Care Settings
10.2.1 Overview
10.2.2 Home Care Settings: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
10.3 Others
10.3.1 Overview
10.3.2 Others: Europe IoT Medical Devices Market – Revenue and Forecast, 2022-2033 (US$ Million)
11. Europe IoT Medical Devices Market – Europe Analysis
11.1 Overview
11.2 Europe
11.2.1 Europe IoT Medical Devices Market Breakdown, by Key Country, 2025 and 2033 (%)
11.2.1.1 Europe IoT Medical Devices Market – Revenue and Forecast Analysis – by Country
11.2.1.1 Belgium: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.1.1 Belgium: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.1.2 Belgium: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.1.3 Belgium: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.1.4 Belgium: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.2 Austria: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.2.1 Austria: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.2.2 Austria: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.2.3 Austria: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.2.4 Austria: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.3 Finland: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.3.1 Finland: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.3.2 Finland: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.3.3 Finland: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.3.4 Finland: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.4 Denmark: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.4.1 Denmark: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.4.2 Denmark: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.4.3 Denmark: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.4.4 Denmark: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.5 Greece: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.5.1 Greece: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.5.2 Greece: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.5.3 Greece: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.5.4 Greece: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.6 Poland: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.6.1 Poland: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.6.2 Poland: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.6.3 Poland: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.6.4 Poland: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.7 Romania: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.7.1 Romania: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.7.2 Romania: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.7.3 Romania: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.7.4 Romania: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.8 Russia: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.8.1 Russia: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.8.2 Russia: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.8.3 Russia: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.8.4 Russia: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.9 Ukraine: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.9.1 Ukraine: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.9.2 Ukraine: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.9.3 Ukraine: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.9.4 Ukraine: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.10 Czech Republic: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.10.1 Czech Republic: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.10.2 Czech Republic: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.10.3 Czech Republic: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.10.4 Czech Republic: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.11 Slovakia: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.11.1 Slovakia: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.11.2 Slovakia: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.11.3 Slovakia: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.11.4 Slovakia: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.12 Bulgaria: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.12.1 Bulgaria: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.12.2 Bulgaria: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.12.3 Bulgaria: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.12.4 Bulgaria: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.13 Italy: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.13.1 Italy: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.13.2 Italy: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.13.3 Italy: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.13.4 Italy: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.14 Luxembourg: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.14.1 Luxembourg: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.14.2 Luxembourg: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.14.3 Luxembourg: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.14.4 Luxembourg: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.15 Germany: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.15.1 Germany: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.15.2 Germany: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.15.3 Germany: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.15.4 Germany: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.16 Switzerland: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.16.1 Switzerland: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.16.2 Switzerland: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.16.3 Switzerland: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.16.4 Switzerland: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.17 France: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.17.1 France: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.17.2 France: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.17.3 France: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.17.4 France: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.18 Netherlands: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.18.1 Netherlands: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.18.2 Netherlands: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.18.3 Netherlands: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.18.4 Netherlands: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.19 Norway: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.19.1 Norway: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.19.2 Norway: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.19.3 Norway: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.19.4 Norway: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.20 Portugal: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.20.1 Portugal: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.20.2 Portugal: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.20.3 Portugal: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.20.4 Portugal: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.21 Spain: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.21.1 Spain: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.21.2 Spain: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.21.3 Spain: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.21.4 Spain: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.22 Sweden: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.22.1 Sweden: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.22.2 Sweden: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.22.3 Sweden: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.22.4 Sweden: Europe IoT Medical Devices Market Breakdown, by End User
11.2.1.23 United Kingdom: Europe IoT Medical Devices Market – Revenue and Forecast to 2033 (US$ Million)
11.2.1.23.1 United Kingdom: Europe IoT Medical Devices Market Breakdown, by Product
11.2.1.23.2 United Kingdom: Europe IoT Medical Devices Market Breakdown, by Technology
11.2.1.23.3 United Kingdom: Europe IoT Medical Devices Market Breakdown, by Application
11.2.1.23.4 United Kingdom: Europe IoT Medical Devices Market Breakdown, by End User
12. Competitive Landscape
12.1 Heat Map Analysis
12.2 Company Positioning and Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Partnerships and Collaborations
13.4 Other Developments
14. Company Profiles
14.1 Medtronic Plc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 GE HealthCare Technologies Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Koninklijke Philips NV
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Abbott Laboratories
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Boston Scientific Corporation
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Omron Healthcare Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Baxter International Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Siemens Healthineers AG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Jonson & Johnson
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Dragerwerk AG & Co KGaA (Dragerwerk)
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About Business Market Insights
15.2 List of Abbreviations

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