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Internet Of Medical Things (IoMT) Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The internet of medical things (iomt) market size has demonstrated significant expansion over recent years. Its valuation is set to climb from $99.55 billion in 2025 to $124.26 billion in 2026, reflecting a compound annual growth rate (CAGR) of 24.8%. This historical growth can be attributed to several factors, including the increasing prevalence of chronic diseases, the wider adoption of wearable devices, the rising demand for remote patient monitoring solutions, continuous advancements in medical sensors, and the overall expansion of connected healthcare infrastructure.
The internet of medical things (iomt) market is projected for significant expansion over the coming years, with its size expected to reach $298.41 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 24.5%. This considerable growth is anticipated due to factors such as the integration of AI and predictive analytics, the expansion of telehealth services, the increasing adoption of cloud-based healthcare platforms, a growing geriatric population, and the implementation of continuous monitoring devices. Major developments foreseen include remote patient monitoring, the incorporation of wearable health devices, real-time data analysis, proactive healthcare alerts, and the enablement of telemedicine.
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Internet Of Medical Things (IoMT) Market Industry Drivers: What Is Driving Revenue Growth?
The growing integration of Internet of Things (IoT) devices is projected to stimulate the expansion of the Internet of Medical Things (IoMT) market moving forward. IoT devices refer to everyday objects and equipment embedded with sensors, software, and connectivity functionalities, allowing them to gather, transmit, and exchange data over the internet. The increasing uptake of IoT devices stems from a heightened need for real-time data collection, which enhances decision-making and operational efficiency. The Internet of Medical Things (IoMT) experiences growth as IoT adoption rises because it leverages the same connected technologies, meaning broader use of IoT devices naturally supports the proliferation of connected medical devices in healthcare. For instance, in August 2025, according to Eurostat, a Luxembourg-based European Union (EU) statistical agency responsible for providing official data to inform policy and research, 70.9 percent of people in the EU used internet-connected devices in 2024. Therefore, the increasing adoption of IoT devices is propelling the growth of the Internet of Medical Things (IoMT) market.
Internet Of Medical Things (IoMT) Market Segment Analysis Highlighting Growth Areas
The internet of medical things (iomt) market covered in this report is segmented –
1) By Device Type: Wearable Devices, Stationary Devices, Implantable Devices, Other Devices
2) By Application: Data Assortment And Analysis, Real-Time Monitoring, Remote Medical Assistance, Tracking And Alerts, Other Applications
3) By End User: Healthcare Providers, Patients, Government Authorities, Other End Users
Subsegments:
1) By Wearable Devices: Smartwatches, Fitness Trackers, Health Monitoring Patches, Wearable ECG Monitors
2) By Stationary Devices: Smart Beds, Vital Sign Monitors, Connected Diagnostic Equipment, Telehealth Stations
3) By Implantable Devices: Pacemakers, Continuous Glucose Monitors, Neurostimulators, Drug Delivery Systems
4) By Other Devices: Home Health Monitoring Devices, Connected Inhalers, Medication Adherence Devices, Smart Thermometers
Internet Of Medical Things (IoMT) Market Industry Trends: What Changes Are Reshaping Demand?
Leading companies within the Internet of Medical Things (IoMT) market are concentrating on developing innovative solutions, such as ambulatory connected patient-monitoring systems. This effort aims to satisfy the increasing need for continuous, real-time monitoring, early clinical-warning capabilities, and improved care delivery across both hospital and home environments. Ambulatory connected monitoring systems employ wireless sensors and cloud-based platforms to consistently capture patient vitals, contrasting with traditional manual spot-checks that yield limited and intermittent data. For instance, in October 2023, Dozee, an India-based medical technology company, launched Dozee Pro Ex, an advanced ambulatory connected patient-monitoring system specifically designed for seamless transition from hospital to home care. This device utilizes wireless wearable sensors to measure ECG rhythm, blood pressure, heart rate, oxygen saturation, respiration rate, and temperature. It is further supported by an artificial intelligence (AI)-driven early warning system that analyzes trends and alerts clinicians to potential patient deterioration. The solution enables centralized remote monitoring through command-center dashboards and mobile applications, providing continuous, connected, and automated tracking that significantly enhances patient management when compared to traditional bedside monitoring.
Internet Of Medical Things (IoMT) Market Leading Companies: Who Holds Significant Market Presence?
Major companies operating in the internet of medical things (iomt) market are Google LLC; Microsoft Corporation; Johnson & Johnson Services Inc.; Siemens Healthineers AG; Roche Diagnostics Corporation; Cisco Systems Inc.; Qualcomm Life Inc.; Abbott Laboratories; Oracle Corporation; Honeywell International Inc.; Medtronic PLC; Becton Dickinson and Company; Koninklijke Philips N.V.; Stryker Corporation; GE HealthCare Technologies Inc.; Boston Scientific Corporation; Zimmer Biomet Holdings Inc.; Zebra Technologies Corp.; Smith & Nephew PLC; Otsuka America Pharmaceutical Inc.; ResMed Inc.; AptarGroup Inc.; DexCom Inc.; Masimo Corporation; iRhythm Technologies Inc.; Merative L.P.; Capsule Technologies Inc.; Owlet Baby Care Inc.; AgaMatrix Inc.; AliveCor
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Internet Of Medical Things (IoMT) Market Regional Analysis And Leading Geography
North America was the largest region in the internet of medical things (IoMT) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of medical things (iomt) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.