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Internet of Things (IoT) in Healthcare

Internet of Things (IoT) in Healthcare

By 2020, it is estimated that there will be 21 billion connected devices in the world. That will be five times as many as just four years ago. This fact affects healthcare as much as any industry. Internet of Things (IoT) in Healthcare tracks the trends around IoT in healthcare and makes specific market estimates and forecasts.

The industry adoption of technology in healthcare is driven by an increase in government mandates, staffing shortages, improving clinical outcomes, and increasing pressures on healthcare functions. The continued adoption of Internet-related equipment, devices and services in the health industry is expected to drive the market to reach nearly $200 billion by 2024. The growing availability of services and vendors will increase access to complex systems and provide more options directly focused on meeting the demands of the health industry. The rise of the IoT is producing some exciting advancements and demand is expected to grow exponentially in the next five years.

This report covers the following segments:

  • Artificial Intelligence
  • Cloud Solutions
  • EHR/EMR
  • Medical Devices
  • Telemedicine
IoT can be used to increase diagnostic rates and improve accuracy, allowing for caretakers to make fast, more informed decisions for patients. There is a large physician shortage across the world and misdiagnosis rates are skyrocketing. With medical professionals under more pressure than ever before, IoT can have a meaningful impact on the healthcare industry.

Due to the rapidly growing elderly population, health issues are increasing, while there is a concerted effort to control costs. IoT healthcare devices provide a lower cost and less intrusive way to manage health. Wearables, medication reminders, and portable diagnostic devices reduce the number of visits to a doctor and increase the level of care.

As part of this report's coverage, IoT spending estimates are provided for the following regions
  • United States
  • Europe
  • Asia
  • Rest of World
IoT in Healthcare provides an overview of the IoT market and highlights some of the technological advancements in IoT in healthcare. This is not an exhaustive list of the many devices in development or on the market but rather a highlighting of some of the more innovative advancements. This study includes the following data points:
  • Global Internet of Things in Healthcare Market, 2019-2024 ($ billions)
  • Vendor Market Share for IoT in Healthcare Sales, 2019 (%)
  • IoT in Healthcare Market Breakdown by Segment, 2019 (%) (Artificial Intelligence, Cloud Solutions, EHR/EMR, Medical Devices, Telemedicine)
  • IoT in Healthcare Market Breakdown by Segment, 2024 (%) (Artificial Intelligence, Cloud Solutions, EHR/EMR, Medical Devices, Telemedicine)
  • Internet of Things in Healthcare Market, Segment Growth CAGR, 2019-2024 (%) (Healthcare AI, Cloud Solutions, EHR/EMR, Telemedicine, Medical Devices)
  • IoT Healthcare Market by Global Region, 2019 and 2024 ($ billions) (U.S., Europe, Asia Pacific, RoW)
  • Health Spending and HIT Spending by Country, 2019 Estimates ($ billions) (Australia; Brazil; Canada; China; France; Germany; India; Italy; Japan; Korea, Rep.; Mexico; Russian Federation; Spain; United Kingdom; United States)
Companies covered include:
  • Abbott, Inc
  • AdhereTech
  • Boston Scientific
  • Cerner Corporation
  • Cisco Systems, Inc.
  • Epic Systems Corporation
  • GE Healthcare, Inc.
  • Honeywell
  • IBM, Inc.
  • Intel, Inc.
  • Koninklijke Philips, Inc.
  • Medtronic, Inc.
  • Microsoft, Inc.
  • Proteus Digital Health
  • SAP SE
  • Siemens Healthineers GmbH
  • Stanley Healthcare
  • Thinklabs
The base year is 2019, with forecasts provided through 2024. The market was evaluated via a combination of disease prevalence trends, population trends, device innovations, federal and industry standards and regulations, global penetration, economic influences, and other macro and micro indicators. Both primary and secondary sources were consulted in developing market estimates.


  • Executive Summary
    • Introduction
    • Industry Highlights
    • Market Summary
      • Table Global Internet of Things in Healthcare Market, 2019-2024 ($ billions)
    • Competitor Review
      • Table IoT Healthcare Market, Vendor Sales, 2019 Estimated
  • IoT Market Drivers and Market Challenges
    • Overview
    • Improving Healthcare Efficiency
    • Market Drivers
    • Market Challenges
    • IoT in Clinical Trials
      • Table IoT Impact in Healthcare Clinical Trials
    • Cloud-Based Mobile Healthcare
      • Cloud Connectivity and Compatibility
      • Networked Solutions
      • Cloud Services
  • Industry Developments
    • Introduction
    • Technological Progress for IoT in Healthcare
      • Connected Contact Lenses
      • Ingestible Sensors
      • Glucose Monitoring and Insulin Pens
      • Asthma Monitors
      • Parkinson's Disease Monitor
      • Cancer Treatment Devices
      • Depression Monitoring Watch
      • Automated Insulin Delivery
      • Coagulation Testing Device
      • Cardiac Monitoring
      • Smart Bandage
  • Market Review
    • Overview
      • Table IoT in Healthcare Market Breakdown by Segment, 2019 (%)
      • Table IoT in Healthcare Market Breakdown by Segment, 2024 (%)
      • Table Internet of Things in Healthcare Market by Segment, 2019 and 2024
      • Table Internet of Things in Healthcare Market, Segment Growth CAGR, 2019-2024 (%)
    • The Global Market
      • Table IoT Healthcare Market by Global Region, 2019 and 2024 ($ billions)
      • HIT Spending by Country
        • Table Health Spending and HIT Spending by Country, 2019 Estimates ($ billions)
    • Growing Industry Consolidation
      • Table A Decade of Health-related IT Acquisitions, Distribution by Year (2010-2019*)
      • Table Examples of Health IT Acquisitions and Mergers (2010-2019*)
    • IoT in Healthcare Competitive Summary
      • Table Vendor Market Share for IoT in Healthcare Sales, 2019 (%)
  • Internet of Things in Healthcare Company Profiles
    • Introduction
    • Abbott, Inc
      • Table Abbott Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Abbott Revenues, 2017-2019 ($millions)
    • AdhereTech
      • Table Adheretech Corporate Summary
      • Company Overview
      • Products
    • Boston Scientific
      • Table Boston Scientific Corporate Summary
      • Company Overview
      • Products
      • Financial Performance
        • Table Boston Scientific Revenues, 2017-2019 ($millions)
    • Cerner Corporation
      • Table Cerner Corporation Corporate Summary
      • Company Overview
      • Company Financials
        • Table Cerner Revenues 2017-2019 (in millions $)
    • Cisco Systems, Inc.
      • Table Cisco Systems Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Cisco Revenues 2017-2019 (in millions $)
    • Epic Systems Corporation
      • Table Epic Systems Corporation Corporate Summary
      • Company Overview
      • Company Financials
        • Table Epic Revenues 2017-2019 (in millions $)
    • GE Healthcare, Inc.
      • Table GE Healthcare Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table GE Healthcare Revenues 2017-2019 (in millions $)
    • Honeywell
      • Table Honeywell Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Honeywell Revenues, 2017-2019 ($millions)
    • IBM, Inc.
      • Table IBM Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table IBM Revenues 2017-2019 (in millions $)
    • Intel, Inc.
      • Table Intel Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Intel Revenues 2017-2019 (in millions $)
    • Koninklijke Philips, Inc.
      • Table Koninklijke Philips Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Koninklijke Philips Revenues 2017-2019 (in millions $)
    • Medtronic, Inc.
      • Table Medtronic Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Medtronic Revenues 2017-2019 (in millions $)
    • Microsoft, Inc.
      • Table Microsoft Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Microsoft Revenues 2017-2019 (in millions $)
    • Proteus Digital Health
      • Table Proteus Digital Health Corporate Summary
      • Company Overview
      • Products
    • SAP SE
      • Table SAP SE Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table SAP SE Revenues 2017-2019 (in millions $)
    • Siemens Healthineers GmbH
      • Table Siemens Healthineers Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Siemens Healthineers Revenues 2017-2019 (in millions $)
    • Stanley Healthcare
      • Table Stanley Healthcare Corporate Summary
      • Company Overview
      • Products
    • Thinklabs
      • Table Thinklabs Corporate Summary
      • Company Overview
      • Products

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