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Internet Of Things (IoT) In Healthcare Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The market for the internet of things (iot) in healthcare has experienced significant expansion in recent years. It is anticipated to increase from $280.79 billion in 2025 to $342.57 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 22.0%. Historically, this growth can be attributed to several factors such as the prevalence of chronic diseases, limitations in hospital capacity, the early adoption of connected devices, various healthcare digitization initiatives, and the rising demand for continuous patient monitoring.
The internet of things (iot) in healthcare market is projected to experience substantial expansion over the upcoming years. This market is forecast to reach $716.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 20.3%. Factors driving this growth during the forecast period include AI enabled clinical decision support, the expansion of telemedicine services, the proliferation of home healthcare models, increased investment in smart healthcare infrastructure, and an increased emphasis on preventive care. Key trends anticipated during the same period encompass the expansion of remote patient monitoring, the integration of connected medical devices, real time health data analytics, the development of smart hospital infrastructure, and the widespread adoption of wearable health technology.
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Internet Of Things (IoT) In Healthcare Market Opportunity Drivers: What Is Creating New Revenue Potential?
The increasing integration of digital transformation is anticipated to drive the expansion of the Internet of things in the healthcare market. Digital transformation in the healthcare industry involves modernizing through various technologies and digital care programs to better serve patients with advancements in healthcare. This surge in digital transformation within healthcare has subsequently boosted the adoption of diverse technologies, such as artificial intelligence in healthcare. A significant 81% of healthcare executives report an acceleration in their organization’s digital transformation efforts, and 93% confirm that they are approaching innovation with urgency and a clear call to action this year. For example, in November 2023, GOV.UK reported a 19% growth in the government digital and data profession between April 2022 and April 2023, successfully fulfilling critical digital skills requirements. Hence, the increasing embrace of digital transformation in healthcare is poised to foster the growth of the Internet of things in the healthcare market.
Internet Of Things (IoT) In Healthcare Market Segment Analysis: What Are The Major Market Categories?
The internet of things (iot) in healthcare market covered in this report is segmented –
1) By Component: Medical Devices, Systems and Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Near Field Communications, Satellite, Bluetooth, Zigbee
3) By Application: Telemedicine, Clinical Operations and Workflow Management, Inpatient Monitoring, Medication Management, Connected Imaging, Other Applications
4) By End Users: Clinical Research Organizations, Government Institutions, Research and Diagnostic Laboratories, Hospitals and Clinics, Other End Users
Subsegments:
1) By Medical Devices: Wearable Devices, Remote Patient Monitoring Devices, Implantable Devices, Diagnostic Equipment
2) By Systems And Software: Health Information Systems (HIS), Electronic Health Records (EHR), Cloud-based IoT Platforms, Data Analytics Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Education Service
Internet Of Things (IoT) In Healthcare Market Trends Reshaping Industry Growth
Key organizations within the healthcare internet of things (IoT) sector are creating advanced solutions, including cloud-based platforms, with the goal of improving patient oversight, optimizing data administration, and supporting remote medical services. These platforms are essentially online services where data is stored and managed on distant servers, granting users internet-based access to various applications and information. This setup promotes collaboration, offers scalability, and enables real-time data exchange without requiring any on-site infrastructure. An illustrative example is Philips, a technology enterprise from the Netherlands, which introduced HealthSuite Imaging, a cutting-edge cloud-based PACS platform, at #RSNA23 in November 2023. HealthSuite Imaging from Philips functions as a next-generation cloud-based Picture Archiving and Communication System (PACS), providing radiologists with secure, remote access to diagnostic instruments and reports. The system also integrates AI-powered workflow orchestration, designed to streamline clinical procedures and thereby boost both operational effectiveness and the quality of patient care.
Internet Of Things (IoT) In Healthcare Market Leading Companies Driving Competitive Growth
Major companies operating in the internet of things (iot) in healthcare market are IBM Corporation; Microsoft Corporation; Koninklijke Philips N.V; GE Healthcare; Cisco Systems Inc.; SAP SE; Medtronic PLC; Siemens Healthiness GmbH; Intel Corporation; Lenovo Healthcare Information Technology; MyrIoTa; HCL Technologies; Aeron Systems; Bioserenity; STANLEY Healthcare; Senseonics Holdings Inc.; Babylon Health; Hill-Rom Services Inc.; Dacadoo; Healthbank; Diagnocat; Renalytix AI; Exscientia; Cambridge Cognition; BenevolentAI
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#Internet Of Things (IoT) In Healthcare Market Largest Region: Which Geography Holds The Highest Market Share?
North America was the largest region in the Internet of Things (IoT) in the healthcare market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (iot) in healthcare 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.