Global & Oman IoT Medical Devices Market to 2033
Description
The Philippines is witnessing rapid growth in the market for IoT medical devices, spurred by increasing digitalization in healthcare, a rising elderly population, and the necessity to tackle healthcare access inequalities, particularly in rural areas. The aging demographic is a crucial factor, as it, combined with a high incidence of non-communicable diseases, drives the demand for solutions focused on remote monitoring and preventive care.
The Department of Health (DOH) in the Philippines is making strides in digital health initiatives. The Philippine Digital Health Strategy 2024–2028, which was highlighted at the first Philippine Digital Health Summit in March 2024, aims to utilize technology to enhance health service delivery, emphasizing accessible, patient-centered, and data-driven healthcare. This strategy promotes investments in AI-driven telemedicine and remote patient monitoring to help close healthcare gaps.
The growth of telemedicine has been notable, particularly due to the COVID-19 pandemic. The use of teleconsultations skyrocketed from March 2020 to March 2022, with video consultations increasing from 5 to 495 monthly visits between 2019 and 2022. This surge was fueled by greater mobile phone adoption, patient satisfaction, and government backing, creating a promising environment for IoT-enabled remote monitoring devices.
Recent initiatives reflect this digital transformation. In June 2025, Makati City introduced a comprehensive digital healthcare system that includes online appointment scheduling, AI-driven cancer detection services, home medicine delivery, and video consultations with specialists. This system features the Makati Life Medical Centre, which commenced full operations in April 2025, equipped with advanced digital diagnostic tools, including the first AI-powered PET/CT scanner in the country. Furthermore, in June 2025, Yondu Inc., a technology solutions provider, collaborated with Chong Hua Hospital to launch CHi, a next-generation digital health platform that incorporates AI functionalities to optimize hospital operations and improve patient experiences. This platform offers features such as online pre-registration, prescription requests, and access to medical records. Additionally, regulatory frameworks are adapting; in May 2025, the Philippine Food and Drug Administration (FDA) issued a draft circular outlining the Philippines Medical Device Software Regulation, which specifies how medical software, including AI applications and connected health tools, will be evaluated and approved, aligning with global standards. These advancements suggest a promising future for the IoT medical devices sector in the Philippines.
The Department of Health (DOH) in the Philippines is making strides in digital health initiatives. The Philippine Digital Health Strategy 2024–2028, which was highlighted at the first Philippine Digital Health Summit in March 2024, aims to utilize technology to enhance health service delivery, emphasizing accessible, patient-centered, and data-driven healthcare. This strategy promotes investments in AI-driven telemedicine and remote patient monitoring to help close healthcare gaps.
The growth of telemedicine has been notable, particularly due to the COVID-19 pandemic. The use of teleconsultations skyrocketed from March 2020 to March 2022, with video consultations increasing from 5 to 495 monthly visits between 2019 and 2022. This surge was fueled by greater mobile phone adoption, patient satisfaction, and government backing, creating a promising environment for IoT-enabled remote monitoring devices.
Recent initiatives reflect this digital transformation. In June 2025, Makati City introduced a comprehensive digital healthcare system that includes online appointment scheduling, AI-driven cancer detection services, home medicine delivery, and video consultations with specialists. This system features the Makati Life Medical Centre, which commenced full operations in April 2025, equipped with advanced digital diagnostic tools, including the first AI-powered PET/CT scanner in the country. Furthermore, in June 2025, Yondu Inc., a technology solutions provider, collaborated with Chong Hua Hospital to launch CHi, a next-generation digital health platform that incorporates AI functionalities to optimize hospital operations and improve patient experiences. This platform offers features such as online pre-registration, prescription requests, and access to medical records. Additionally, regulatory frameworks are adapting; in May 2025, the Philippine Food and Drug Administration (FDA) issued a draft circular outlining the Philippines Medical Device Software Regulation, which specifies how medical software, including AI applications and connected health tools, will be evaluated and approved, aligning with global standards. These advancements suggest a promising future for the IoT medical devices sector in the Philippines.
Table of Contents
128 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Oman IoT Medical Devices Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. IoT Medical Devices Market Key Market Dynamics
- 5.1 IoT Medical Devices Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Oman IoT Medical Devices Market – Analysis
- 6.1 Oman IoT Medical Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Oman IoT Medical Devices Market Revenue and Forecast Analysis
- 7. Oman IoT Medical Devices Market Analysis – by Product
- 7.1 Oman IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Oman IoT Medical Devices Market Analysis – by Technology
- 8.1 Oman IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Technology
- 9. Oman IoT Medical Devices Market Analysis – by Application
- 9.1 Oman IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 10. Oman IoT Medical Devices Market Analysis – by End User
- 10.1 Oman IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 Medtronic Plc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 GE HealthCare Technologies Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Koninklijke Philips NV
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Abbott Laboratories
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Boston Scientific Corp
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Omron Healthcare Inc
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Baxter International Inc
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Siemens Healthineers AG
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Johnson & Johnson
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Dragerwerk AG & Co KGaA
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
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