IoT Medical Devices Market worth $154.74 billion by 2030
The report "IoT Medical Devices Market by Product (Wearable (Vital Sign (BP, Glucose, ECG, Oximeter), Resp., Fetal), Implant (Neuro, Cardiac-Defib, Pacemaker) Pumps), Connectivity (Bluetooth, WiFi), End User (Hospital, Nursing Home) & Region - Global Forecast to 2030", is projected to reach USD 154.74 billion by 2030 from USD 65.08 billion in 2025, at a CAGR of 18.9% during the forecast period.
Browse 299 market data Tables and 57 Figures spread through 329 Pages and in-depth TOC on "IoT Medical Devices Market by Product (Wearable (Vital Sign (BP, Glucose, ECG, Oximeter), Resp., Fetal), Implant (Neuro, Cardiac-Defib, Pacemaker) Pumps), Connectivity (Bluetooth, WiFi), End User (Hospital, Nursing Home) & Region - Global Forecast to 2030"
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The IoT medical devices market is rapidly expanding, driven by the increasing demand for connected healthcare solutions that enhance patient monitoring, improve data accuracy, and streamline workflow efficiency. In both clinical and home settings, real-time data tracking and remote monitoring facilitate earlier diagnoses, better disease management, and more personalized treatments. This growth is further supported by advancements in high-speed networking technologies such as 5G and next-generation Wi-Fi, which enable fast, low-latency data exchange and seamless integration with hospital IT systems.
"The stationary medical devices segment accounted for the largest share of the IoT medical devices market, by type."
Stationary medical devices are a key segment of the IoT medical devices market, driven by the growing demand for continuous monitoring, real-time data analysis, and enhanced patient care in healthcare facilities. Devices such as IoT-integrated imaging systems, smart infusion pumps, and diagnostic equipment facilitate seamless data flow and connectivity with hospital IT infrastructure. This integration improves clinical workflows, supports timely decision-making, and enhances operational performance. As hospitals and healthcare providers advance their digital transformation efforts, stationary IoT medical devices have become essential for ensuring data accuracy, security, and interoperability, which in turn stimulates innovation and expands the connected care environment.
"The patient monitors segment will be the fastest-growing in the IoT medical devices market, by product."
The patient monitoring segment is currently the fastest-growing area within the IoT medical devices market. This growth is driven by the increasing use of connected healthcare solutions and the rising demand for real-time, continuous health tracking. Devices such as smart bedside monitors, wearable vital sign trackers, and remote ECG systems enable healthcare professionals to monitor patients both in clinical settings and at home. As the healthcare industry shifts toward more personalized, preventative, and value-based care models, these IoT-enabled monitoring tools play a crucial role in improving patient outcomes, reducing readmission rates, and enhancing patient engagement. Their ability to provide timely and reliable health data makes them essential to the evolution of digital healthcare.
"North America accounted for the largest share of the IoT medical devices market in 2024."
In 2024, North America emerged as the leading region in the Internet of Things (IoT) medical devices market, with Europe and Asia Pacific following. This dominance can be attributed to the region's proactive approach to digital health transformation, which aims to enhance care quality and reduce healthcare costs. Medical facilities across the US and Canada are increasingly adopting IoT-enabled technologies for applications like remote patient monitoring, chronic condition management, and real-time health data tracking. Supportive reimbursement policies, particularly from the US Centers for Medicare & Medicaid Services for remote monitoring services, make investments in connected devices more financially viable for healthcare providers. Furthermore, the region's advanced digital infrastructure, widespread adoption of electronic health records, and extensive internet connectivity facilitate the effective integration of IoT devices into clinical operations. Together, these factors reinforce North America's crucial role in shaping the future of connected healthcare.
Key Players
The key players functioning in the IoT medical devices market include Medtronic (Ireland), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Abbott (US), Boston Scientific Corporation (US), OMRON Corporation (Japan), Baxter International Inc. (US), BIOTRONIK (Germany), and Johnson & Johnson Private Limited (US), among others.
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