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Connected Medical Devices Internet Of Medical Things (IoMT) Market Growth Potential: How Will Market Size Shift Through 2030?
The connected medical devices Internet of Medical Things (IoMT) market size has experienced significant growth in recent years. This market is forecasted to increase from $61.85 billion in 2025 to $71.01 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 14.8%. The historical expansion of this market can be attributed to several factors such as the increasing adoption of electronic health records, a rising demand for remote patient monitoring, ongoing healthcare digitization initiatives, the growing prevalence of chronic diseases, and the increasing need for improved efficiency in healthcare delivery.
The connected medical devices internet of medical things (IoMT) market size is anticipated to expand significantly in the near future. It is projected to reach $124.46 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.1%. This expected growth can be attributed to the increasing adoption of connected wearable medical devices, a surging demand for personalized healthcare solutions, the expanding provision of home healthcare services, a heightened need for real-time clinical decision support, and the growing deployment of smart hospital infrastructure. Major trends identified for this period include the rising use of connected medical devices for real-time patient monitoring, the increasing integration of wearable healthcare devices for continuous health tracking, a growing demand for interoperable medical device connectivity solutions, the expanded implementation of remote healthcare monitoring systems for enhanced patient management, and an intensified focus on secure data exchange between medical devices and healthcare systems.
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Connected Medical Devices Internet Of Medical Things (IoMT) Market Growth Momentum: What Factors Are Shaping Demand?
The increasing adoption of telehealth and remote patient monitoring is projected to drive the growth of the connected medical devices (IoMT) market moving forward. Telehealth and remote patient monitoring (RPM) refer to the utilization of digital communication technologies and linked medical equipment to deliver healthcare services and continuously monitor patients’ health data remotely, beyond traditional clinical settings. These practices are expanding due to the rising prevalence of chronic conditions, as they enable ongoing health tracking and timely medical intervention for patients requiring long-term care. Connected medical devices (IoMT) support telehealth and remote patient monitoring by constantly collecting and transmitting real-time patient health data to healthcare providers, facilitating remote assessment, prompt intervention, and more effective disease management. For instance, in August 2025, the US Department of Health and Human Services, a US-based government administration, indicated that in 2024, nearly 1 million enrollees received remote patient monitoring, representing a 27 percent increase from 2023. Therefore, the growing integration of telehealth and remote patient monitoring is propelling the expansion of the connected medical devices (IoMT) market.
Connected Medical Devices Internet Of Medical Things (IoMT) Market Segments: Where Is Growth Concentrated?
The connected medical devices internet of medical things (iomt) market covered in this report is segmented –
1) By Component: Devices, Software, Services
2) By Connectivity Technology: Wireless Fidelity, Bluetooth, Cellular Networks, Radio Frequency Identification, Near Field Communication, Zigbee
3) By Deployment Mode: Cloud Based, On Premises, Hybrid
4) By Application: Remote Patient Monitoring, Chronic Disease Management, Telemedicine, Clinical Workflow Management, Medication Management, Diagnostic Monitoring, Asset Management
5) By End Use: Hospitals, Clinics, Home Healthcare Settings, Ambulatory Surgical Centers, Diagnostic Centers, Long Term Care Facilities
Subsegments:
1) By Devices: Patient Monitoring Devices, Diagnostic Imaging Devices, Therapeutic Devices, Wearable Medical Devices, Implantable Medical Devices
2) By Software: Device Management Software, Remote Monitoring Software, Electronic Health Record Integration Software, Clinical Workflow Management Software, Healthcare Data Analytics Software
3) By Services: Installation And Integration Services, Maintenance And Support Services, Consulting Services, Managed Services, Training And Education Services
Connected Medical Devices Internet Of Medical Things (IoMT) Market Trends Redefining Industry Growth
Leading firms within the connected medical devices Internet of Medical Things (IoMT) market are concentrating on creating novel solutions, including remote patient management, to facilitate ongoing health surveillance, better patient results, and increased effectiveness in healthcare provision. This digital healthcare system, known as remote patient management, utilizes connected medical devices, software, and communication technologies for the remote collection, oversight, and administration of patient health information beyond conventional medical environments. As an illustration, in March 2023, Royal Philips, a health technology company based in the Netherlands, introduced Philips Virtual Care Management, which is an extensive telehealth strategy crafted to assist healthcare professionals in the distant monitoring and management of patients across various care contexts. This solution brings together remote patient monitoring, patient engagement tools, and care coordination features into one unified platform, allowing clinicians to observe patient health data and intervene pre-emptively as necessary. It makes use of connected medical devices and digital communication technologies, contributing to improved patient outcomes, a decrease in hospital readmissions, and an uplift in the overall effectiveness of healthcare services.
Connected Medical Devices Internet Of Medical Things (IoMT) Market Key Participants And Competitive Landscape
Major companies operating in the connected medical devices internet of medical things (iomt) market are Abbott Laboratories, AliveCor Inc., Apple Inc., Becton Dickinson and Company, BioIntelliSense, Boston Scientific Corporation, Cisco Systems, Dexcom Inc., Edwards Lifesciences Corporation, Epitel Inc., F. Hoffmann-La Roche AG, Garmin Ltd., GE HealthCare Technologies Inc., IBM, Intuitive Surgical Inc., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Microsoft, Olympus Corporation, Omron Corporation, ResMed Inc., Siemens Healthineers AG, Stryker Corporation, Terumo Corporation, Zimmer Biomet Holdings Inc.
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Connected Medical Devices Internet Of Medical Things (IoMT) Market Regional Analysis And Top Geography
North America was the largest region in the connected medical devices 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 connected medical devices 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.