Global & India IoT Medical Devices Market to 2033

Italy is witnessing a significant growth in the market for IoT medical devices, largely fueled by its aging population, the high incidence of chronic illnesses, and considerable investments in healthcare digitalization as part of its National Recovery and Resilience Plan (PNRR).

The PNRR, which is a key element of Italy's recovery strategy following the pandemic, allocates a substantial budget for the modernization of healthcare. Specifically, Mission 6 of the PNRR focuses on health and includes funding aimed at enhancing community-based services and digitalization. Approximately $3 billion (around €2.8 billion) is designated for the digital transformation of hospitals, with plans to upgrade 280 hospitals by 2025. Additionally, $1.6 billion (about €1.5 billion) is earmarked for the expansion of regional telemedicine platforms, which aim to provide remote care to 300,000 patients by 2026. These initiatives are intended to transition the healthcare model from being hospital-centric to one that is more patient-centered, facilitating integrated social and healthcare services that are more accessible to patients.

The Italian healthcare system is under significant pressure due to chronic diseases, as reported by the Istituto Superiore di Sanità (ISS), which affect around 24 million individuals, with over 85% of those being over the age of 75. This demographic trend, coupled with an aging population, heightens the demand for remote patient monitoring solutions. The surge in telemedicine usage during the COVID-19 pandemic led to the establishment of the National Telemedicine Platform (PNT) and the creation of regulatory frameworks that typically necessitate an initial in-person consultation before remote monitoring can commence. Launched in March 2023, the PNT aims to standardize telemedicine practices across different regions, validate local solutions, and gather performance data, as noted by EHTEL.

In addition to remote patient monitoring, Italy is also investigating the use of IoT technologies to enhance operational efficiency in hospitals. Several hospitals in Northern Italy are adopting IoT sensors and cloud-based AI systems to optimize HVAC operations, thereby improving energy efficiency while maintaining patient comfort. Moreover, the Electronic Health Record (Fascicolo Sanitario Elettronico - FSE) is set to receive an investment of approximately $1.6 billion to serve as the primary access point for National Health Service (SSN) services for citizens, establishing a vital digital infrastructure for the integration of data generated by IoT devices. Despite the varying levels of digital advancement across different regions, Italy's significant investments and strategic emphasis on digital transformation, particularly in telemedicine and infrastructure upgrades, position the country for robust growth in the IoT medical devices sector. Show more