IoT Healthcare Market Size, Share & Growth Outlook 2034
What Is Driving the Growth of the IoT in Healthcare Market in 2025 and Beyond?
The global IoT in healthcare market is witnessing a transformative evolution as healthcare systems worldwide increasingly embrace connected devices, data-driven care models, and smart technologies. The integration of the Internet of Things (IoT) with healthcare is reshaping how medical professionals monitor patients, manage chronic diseases, streamline hospital operations, and improve treatment outcomes.
As of 2024, the market was valued at USD 222.24 billion, and it is expected to grow at a robust CAGR of 19.10% during the 2025–2034 forecast period, reaching an estimated USD 1276.26 billion by 2034. This unprecedented growth is being driven by rising disposable income, increasing healthcare expenditure, growing health awareness, and the widespread adoption of smart devices.
This comprehensive report covers the IoT in healthcare market’s size, segmentation, applications, regional insights, and frequently asked questions, helping users understand real-world developments and market dynamics based on current industry trends and search intent.
IoT in Healthcare Market Overview
The Internet of Things in healthcare refers to a connected ecosystem of medical devices, software systems, healthcare networks, and services that communicate via the internet to collect, share, and analyze health data. These innovations allow for real-time patient monitoring, predictive diagnostics, remote consultations, and enhanced clinical workflows.
IoT is transforming healthcare from a reactive model to a proactive and preventive one, enabling providers to intervene early, reduce hospital admissions, and lower healthcare costs—all while improving the patient experience.
IoT in Healthcare Market Size and Forecast (2025–2034)
-
2024 Market Size: USD 222.24 Billion
-
Forecast CAGR: 19.10%
-
2034 Projected Market Size: USD 1276.26 Billion
This significant expansion is fueled by the increasing demand for smart health solutions, a rise in chronic diseases, and improved accessibility to wearable medical devices, telemedicine platforms, and AI-powered analytics.
Market Segmentation
Understanding the structure of the IoT in healthcare market through its major segments reveals the technologies and stakeholders shaping this rapidly growing industry.
IoT in Healthcare Market by Component
Medical Devices
IoT-enabled medical devices such as wearables, implantable sensors, remote patient monitoring equipment, and connected inhalers are driving the largest share of this segment. These devices continuously capture vital data, which helps in monitoring chronic illnesses like diabetes, cardiovascular conditions, and respiratory diseases.
System and Software
This segment includes platforms that enable data integration, analytics, and interoperability across devices and systems. Software solutions provide insights into patient behavior, automate processes, and support decision-making for clinicians.
Services
Service providers support installation, maintenance, consulting, and integration of IoT systems within healthcare environments. As demand for complex, end-to-end solutions rises, services are becoming a critical component of the market.
Navigate the IoT in Healthcare Market Boom with Confidence!
Access strategic data, regional breakdowns, and investment insights—get your complimentary report today.
IoT in Healthcare Market by Connectivity Technology
Wi-Fi
Wi-Fi is widely used in hospital and clinic environments to connect multiple IoT devices within a local network. It enables real-time monitoring, alerts, and data sharing between healthcare professionals.
Bluetooth
Used primarily in wearable and home-monitoring devices, Bluetooth supports short-range communication and ensures easy integration with smartphones and apps for health tracking.
ZIGBEE
ZIGBEE is a low-power wireless protocol ideal for IoT medical devices, particularly in cases where continuous monitoring is required without draining device batteries quickly.
Near-Field Communication (NFC)
NFC allows secure data exchange at close range, often used in smart pill bottles, patient identification, and access control systems within healthcare facilities.
Cellular
Cellular connectivity (3G/4G/5G) enables devices to communicate over long distances, especially in rural telemedicine applications and ambulatory care services.
RFID
Radio Frequency Identification is employed for asset tracking, inventory management, and patient safety, ensuring seamless tracking of medical supplies and personnel.
Satellite
Used in remote or underdeveloped regions where terrestrial networks are weak or unavailable, satellite connectivity ensures critical data transmission for life-saving medical interventions.
IoT in Healthcare Market by Application
Telemedicine
IoT facilitates virtual care delivery by integrating diagnostic devices with teleconsultation platforms, enabling real-time patient assessments. The rise of remote consultations during the pandemic has cemented telemedicine as a permanent fixture in modern care.
Patient Monitoring
Continuous patient monitoring via IoT sensors allows early detection of abnormal conditions and reduces the need for hospitalization. This is especially vital for elderly care, post-surgical recovery, and critical care patients.
Connected Imaging
Imaging devices connected to centralized data systems enable faster image sharing and diagnostic collaboration among radiologists and specialists, improving diagnostic accuracy.
Clinical Operations
IoT devices automate operational workflows, from bed management to patient movement tracking and resource optimization, enhancing efficiency in clinical settings.
Medication Management
Smart pill dispensers and medication tracking apps ensure timely medication adherence, improving treatment outcomes and reducing readmissions.
Others
This includes applications in mental health monitoring, emergency response systems, and hospital infection control—areas where IoT integration continues to evolve.
IoT in Healthcare Market by End User
Hospitals & Clinics
Hospitals are the largest adopters of IoT in healthcare due to the need for integrated systems, continuous monitoring, and efficient workflow management. IoT helps reduce errors, automate alerts, and improve patient outcomes.
Clinical Research Organizations
IoT supports clinical trials by offering accurate real-time data collection and remote patient monitoring, enhancing the quality and speed of research outcomes.
Research and Diagnostic Laboratories
IoT is used to monitor lab environments, track samples, and manage lab equipment—ensuring accuracy, compliance, and safety.
Others
Other users include home healthcare providers, rehabilitation centers, and public health organizations, all of which benefit from scalable and mobile IoT-enabled solutions.
Regional Insights
North America
North America dominates the IoT in healthcare market due to strong digital infrastructure, high healthcare spending, and widespread adoption of wearable devices. The U.S. in particular has been a front-runner in implementing smart healthcare initiatives and telehealth services.
Europe
Europe is seeing significant adoption, particularly in Germany, France, and the UK, where governments are supporting digital health initiatives and remote patient management for chronic diseases.
Asia Pacific
Countries like China, India, Japan, and South Korea are driving regional growth due to rising healthcare needs, increasing tech penetration, and governmental focus on modernizing healthcare systems.
Latin America
Growth is slower but steadily rising in countries like Brazil and Mexico, where IoT is being integrated into public health programs and telemedicine initiatives to address infrastructure gaps.
Middle East and Africa
Emerging opportunities in the GCC countries and South Africa are being driven by rising investments in smart hospitals, AI integration, and IoT-based health initiatives.
Competitive Landscape
Numerous companies are shaping the IoT in healthcare market by offering innovative medical devices, platforms, and services. Leading players include:
-
Medtronic – Offers a broad range of IoT-enabled medical devices including implantables and remote monitoring systems.
-
Cisco Inc – Provides networking solutions and cybersecurity frameworks for healthcare IoT infrastructure.
-
GENERAL ELECTRIC (GE Healthcare) – Specializes in imaging systems and analytics platforms integrated with IoT.
-
STANLEY Healthcare – Offers solutions for patient and asset tracking, environment monitoring, and clinical workflow optimization.
-
Capsule Technologies, Inc – Focuses on medical device integration and clinical surveillance platforms.
-
IBM Corporation – Delivers cloud-based AI and data analytics services to support predictive healthcare through IoT.
-
Koninklijke Philips N.V. – A leader in connected care, remote monitoring, and telehealth solutions.
-
SAP affiliate company – Offers enterprise platforms that facilitate secure health data integration.
-
AdhereTech – Provides smart pill bottles and medication adherence platforms.
-
Cerner Corporation – Integrates IoT data with electronic health records (EHR) and hospital IT systems.
-
Meru Health – A digital platform for mental health therapy, supported by wearable device integration.
-
LifeFuels Inc – Known for smart nutrition and hydration tracking devices.
-
CARRÉ TECHNOLOGIES INC. – Focuses on biometric monitoring wearables and mobile health apps.
These companies are investing in cloud technology, AI, wearables, cybersecurity, and regulatory compliance to deliver comprehensive IoT solutions across global healthcare settings.
View More Reports
Osteoporosis Drug Pipeline Analysis Report
India Disposable Medical Gloves Market
About Us:
Expert Market Research is a leading market research firm delivering data-driven insights to the pharmaceutical, biotechnology, and medical device industries. Our comprehensive research solutions include market research reports, providing in-depth analysis of industry trends and competitive landscapes; drug pipeline reports, tracking drug development progress, clinical trials, and regulatory approvals; epidemiology reports, offering detailed disease prevalence and patient population studies; and patent reports, assessing intellectual property landscapes and innovation trends, among others.
Leveraging proprietary data, advanced analytics, and expert methodologies, we help businesses navigate complex markets, optimize strategies, and drive innovation. We empower clients with actionable intelligence, enabling them to make informed decisions and stay ahead in the rapidly evolving healthcare sector.
Media Contact:
Company Name: Claight Corporation
Contact Person: Roshan Kumar, Digital Marketing
Email: sales@expertmarketresearch.com
Toll-Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
What's Your Reaction?
