Global Internet of Things in Healthcare Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• In September 2023, Infosys announced the expansion of its strategic collaboration with NVIDIA Corporation. This collaboration aimed to generate technology and expertise needed to drive productivity with generative AI applications and solutions across various industries, including healthcare.

• In May 2023, SAP SE collaborated with Accenture. The aim behind the collaboration was to work collaboratively on several AI-based projects and extend product portfolios.

The component segment highlights the primary building blocks of IoT in healthcare, which include devices, software, and services. Devices encompass medical wearables, remote monitoring tools, and connected diagnostic equipment that enable real-time patient data collection. Software solutions manage and analyze data, providing insights for better patient care and efficient healthcare operations. Services, such as cloud-based platforms and professional services, support the deployment, maintenance, and integration of IoT systems within healthcare settings. This segmentation emphasizes the pivotal roles these components play in enabling seamless data transfer, patient monitoring, and healthcare management.

Connectivity is another critical segment that defines the communication methods used in IoT healthcare applications. Cellular connectivity leverages mobile networks such as 4G LTE and 5G to support high-speed data transfer, making it ideal for applications requiring real-time data updates and comprehensive monitoring, such as telemedicine and mobile health apps. Low Power Wide Area Networks (LPWANs), on the other hand, are suitable for applications that prioritize energy efficiency and long-range communication, such as remote patient monitoring and chronic disease management. The choice of connectivity impacts the efficiency, coverage, and cost-effectiveness of IoT solutions deployed in healthcare.

The application segment categorizes the various use cases of IoT in the healthcare industry. This includes remote patient monitoring, telemedicine, chronic disease management, personal health monitoring, and asset tracking. Remote patient monitoring leverages IoT devices to gather health data from patients at home, enabling doctors to track patient progress and intervene as needed. Telemedicine applications facilitate remote consultations, increasing access to healthcare services and reducing the need for physical visits. Chronic disease management solutions use IoT to monitor vital signs and alert healthcare providers to potential health issues. Personal health monitoring tools empower individuals to manage their health proactively, while asset tracking ensures the efficient use of medical equipment and resources.

The end user segment divides the market based on the primary beneficiaries of IoT in healthcare solutions, including hospitals, clinics, homecare providers, and diagnostic centers. Hospitals and clinics are significant adopters, integrating IoT for enhanced patient care, streamlined operations, and improved patient outcomes. Homecare providers utilize IoT to offer continuous monitoring and support for patients with chronic conditions, contributing to personalized and remote care. Diagnostic centers leverage IoT technologies to improve diagnostic capabilities and workflow efficiencies. Understanding the needs of different end users allows for targeted product development and strategic investments in specific healthcare sectors.

Finally, the geographic segmentation reveals market dynamics across various regions, highlighting differences in adoption rates, regulatory environments, and technological advancements. North America and Europe are prominent markets due to their advanced healthcare infrastructure, strong technological adoption, and supportive regulatory frameworks. The Asia Pacific region is anticipated to see significant growth due to expanding healthcare needs, increased investments in digital health, and the rising prevalence of chronic diseases. Latin America, the Middle East, and Africa present opportunities for growth as healthcare systems evolve and the demand for IoT-based solutions rises to meet patient care needs. This regional analysis provides insights into where investment and expansion opportunities are most promising in the IoT healthcare market.

Global Internet of Things in Healthcare Segment Analysis

In this report, the Global Internet of Things in Healthcare Market has been segmented by Component, Connectivity, Application, End User and Geography.

Global Internet of Things in Healthcare Market, Segmentation by Component

The Global Internet of Things in Healthcare Market has been segmented by Component into Devices, System and Software and Services.

The global Internet of Things (IoT) in healthcare market has witnessed remarkable growth, fueled by the increasing adoption of connected medical devices and the need for efficient healthcare delivery systems. One of the key segments shaping this market is the component category, which comprises devices, systems, software, and services.

Devices play a pivotal role in IoT healthcare, encompassing a wide array of interconnected medical devices such as wearable health trackers, remote monitoring devices, and smart implants. These devices facilitate real-time data collection, patient monitoring, and seamless communication between healthcare providers and patients, thereby enhancing the quality of care and enabling proactive health management.

Systems form the backbone of IoT healthcare infrastructure, encompassing the networking, communication, and data management platforms that enable seamless connectivity and interoperability among various healthcare devices and stakeholders. Robust and secure systems are essential for ensuring the confidentiality, integrity, and availability of healthcare data, thereby safeguarding patient privacy and compliance with regulatory standards.

Software and services complement the hardware components of IoT healthcare systems, providing the necessary intelligence, analytics, and support functionalities to derive actionable insights from the vast volumes of data generated by connected medical devices. Advanced analytics, machine learning algorithms, and predictive modeling techniques empower healthcare organizations to optimize clinical workflows, personalize treatment plans, and improve patient outcomes through data-driven decision-making.

The convergence of devices, systems, software, and services within the IoT ecosystem is revolutionizing healthcare delivery by empowering patients, clinicians, and healthcare organizations with real-time insights, remote monitoring capabilities, and personalized interventions, ultimately driving better health outcomes and operational efficiencies across the healthcare continuum.

Global Internet of Things in Healthcare Market, Segmentation by Connectivity

The Global Internet of Things in Healthcare Market has been segmented by Conectivity into Cellular and Low Power Wide Area Networks.

Cellular connectivity plays a significant role as it leverages established mobile networks, such as 3G, 4G LTE, and the emerging 5G networks, to provide high-speed data transmission. Cellular networks are widely used for applications that require real-time data transfer and robust coverage, making them suitable for mobile devices, smart wearables, and advanced communication systems. Their advantage lies in the widespread availability and reliability of coverage, which supports both urban and rural deployments. Cellular connectivity facilitates rapid communication, which is crucial for industries requiring constant monitoring and immediate response, including healthcare, transportation, and emergency services.

Low Power Wide Area Networks (LPWANs) represent a different approach to connectivity, focusing on energy-efficient, long-range communication for IoT applications that do not require high data rates. Technologies such as LoRaWAN and NB-IoT fall under this category, providing reliable connectivity over large distances while consuming minimal power. This makes LPWANs particularly suitable for applications involving sensors, tracking devices, smart agriculture, and utility metering, where data transmission is sporadic and does not require continuous high-speed connectivity. LPWANs are valued for their ability to penetrate dense urban areas and extend coverage in remote regions, thus enabling IoT solutions that would otherwise be challenging to deploy with traditional cellular networks. The lower power consumption of LPWANs also translates to longer battery life for connected devices, which is essential for cost-effective and maintenance-friendly solutions.

Both cellular and LPWAN connectivity options have their unique advantages and are often selected based on specific application requirements. Cellular networks excel in high-speed, high-volume data needs and offer extensive network infrastructure with global coverage. On the other hand, LPWANs cater to scenarios where long-range, low-power, and low-data-rate communications are needed, enabling IoT deployments that prioritize energy efficiency and long battery life. These connectivity types cater to different market needs, influencing how industries and businesses choose and integrate communication technologies for their devices and applications. The development and expansion of both connectivity options continue to support the growth of IoT ecosystems and smart technologies globally.

Global Internet of Things in Healthcare Market, Segmentation by Application

The Global Internet of Things in Healthcare Market has been segmented by Application into Patient Monitoring, Clinical Operation and Workflow Optimization, Clinical Imaging, Fitness and Wellness Measurement and Drug Development.

The global Internet of Things (IoT) in healthcare market has witnessed remarkable growth, owing to its diverse applications across various domains within the healthcare industry. One of the primary segments driving this expansion is patient monitoring. IoT-enabled devices and sensors allow for continuous and remote monitoring of patients' vital signs, enabling healthcare providers to offer personalized and timely care while reducing the need for frequent hospital visits.

Clinical operation and workflow optimization represent another significant application area. IoT solutions streamline administrative tasks, enhance communication between healthcare professionals, and optimize resource allocation within healthcare facilities. By automating routine processes and providing real-time data insights, IoT technologies contribute to improving operational efficiency and reducing overall costs.

Clinical imaging stands out as a critical segment where IoT innovations have made substantial contributions. IoT-enabled imaging devices facilitate remote diagnostics, enhance imaging quality, and support faster decision-making by healthcare professionals. These advancements play a pivotal role in improving patient outcomes and expediting treatment processes.

Additionally, IoT has made notable inroads into fitness and wellness measurement. Wearable IoT devices, such as fitness trackers and smartwatches, monitor various health metrics, including activity levels, heart rate, and sleep patterns. By empowering individuals to track their health in real-time and make informed lifestyle choices, IoT promotes preventive healthcare and encourages overall well-being.

IoT is increasingly influencing drug development processes. IoT-enabled devices assist in remote patient monitoring during clinical trials, ensuring accurate data collection and analysis. Moreover, IoT technologies enhance the efficiency of drug manufacturing and supply chain management, thereby accelerating the development and delivery of pharmaceutical products.

The segmentation of the global Internet of Things in healthcare market by application highlights its diverse and impactful contributions across patient care, operational efficiency, diagnostic imaging, wellness monitoring, and drug development, promising a future of enhanced healthcare delivery and outcomes.

Global Internet of Things in Healthcare Market, Segmentation by End User

The Global Internet of Things in Healthcare Market has been segmented by End User into Healthcare Providers, Patients, Healthcare Payers, Research Laboratories (Biotech/Pharma) and Government Authority.

The global Internet of Things (IoT) in healthcare market is witnessing significant growth, driven by advancements in technology and the increasing adoption of digital healthcare solutions. One of the key factors propelling this market is the segmentation by end users, which allows for tailored solutions to meet the diverse needs within the healthcare ecosystem.

Healthcare providers represent a major segment within the IoT in healthcare market, as they utilize IoT devices and systems to streamline processes, enhance patient care, and improve operational efficiency. From remote patient monitoring to asset tracking, IoT technology enables healthcare providers to deliver more personalized and timely care while optimizing resource utilization.

Patients are another crucial end-user segment in the IoT in healthcare market. Wearable devices, smart home healthcare systems, and mobile health apps empower patients to actively participate in their own health management, facilitating remote monitoring, medication adherence, and lifestyle interventions. This shift towards patient-centric care is driving the demand for IoT-enabled solutions that empower individuals to take control of their health and well-being.

Healthcare payers, including insurance companies and government agencies, are increasingly recognizing the value of IoT in improving healthcare outcomes and reducing costs. By incentivizing the adoption of IoT solutions that promote preventive care, remote monitoring, and chronic disease management, payers aim to achieve better health outcomes for their members while controlling healthcare expenditures.

Research laboratories in the biotech and pharmaceutical sectors are also leveraging IoT technology to enhance the drug development process, improve clinical trial efficiency, and optimize laboratory operations. From real-time monitoring of experiments to ensuring compliance with regulatory requirements, IoT-enabled solutions offer valuable insights and efficiencies that drive innovation in the healthcare industry.

Government authorities play a crucial role in shaping the regulatory landscape and driving the adoption of IoT in healthcare through policies, incentives, and funding initiatives. By fostering collaboration among stakeholders and promoting interoperability standards, governments aim to accelerate the deployment of IoT solutions that address healthcare challenges and improve public health outcomes on a global scale.

The segmentation of the IoT in healthcare market by end users reflects the diverse stakeholders involved in the healthcare ecosystem and highlights the multifaceted benefits of IoT technology in addressing the evolving needs of patients, providers, payers, researchers, and policymakers.

Global Internet of Things in Healthcare Market, Segmentation by Geography

In this report, the Global Internet of Things in Healthcare Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Internet of Things in Healthcare Market Share (%), by Geographical Region, 2024

The global Internet of Things (IoT) in healthcare market is experiencing significant growth, driven by technological advancements and the increasing adoption of connected devices in the healthcare sector. This market has been segmented by geography into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America holds a substantial share in the global IoT healthcare market, primarily due to the presence of established healthcare infrastructure and the early adoption of IoT technologies. The region is characterized by a high level of awareness regarding the benefits of connected healthcare devices, such as remote patient monitoring systems and smart medical devices, in improving patient outcomes and reducing healthcare costs.

Europe is another prominent region in the IoT healthcare market, with countries like the UK, Germany, and France leading in terms of adoption. The region benefits from supportive government initiatives aimed at promoting digital healthcare solutions and interoperability standards. Additionally, the presence of leading healthcare technology companies further fuels market growth in Europe.

The Asia Pacific region is witnessing rapid growth in the IoT healthcare market, driven by factors such as increasing healthcare expenditure, rising chronic disease prevalence, and the growing adoption of telemedicine and remote patient monitoring solutions. Countries like China, Japan, and India are at the forefront of IoT adoption in healthcare, propelled by investments in digital infrastructure and favorable regulatory policies.

This report provides an in depth analysis of various factors that impact the dynamics of Global Internet of Things in Healthcare Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers

• Technological advancements in healthcare
• Growing demand for remote patient monitoring
• Increasing adoption of wearable devices
• Government initiatives supporting IoT

• Rising prevalence of chronic diseases: The rising prevalence of chronic diseases has spurred a significant shift in healthcare towards more proactive and personalized approaches, leading to the widespread adoption of Internet of Things (IoT) technology. IoT in healthcare involves interconnected devices, sensors, and systems that gather, transmit, and analyze data to improve patient care, streamline operations, and enhance decision-making processes. With chronic diseases like diabetes, cardiovascular conditions, and respiratory illnesses becoming more prevalent globally, IoT offers immense potential in monitoring patients remotely, facilitating early intervention, and promoting better management of chronic conditions. Through continuous monitoring of vital signs, medication adherence, and lifestyle factors, IoT-enabled healthcare solutions empower both patients and healthcare providers to make informed decisions, potentially reducing hospitalizations, improving outcomes, and enhancing the quality of life for individuals living with chronic diseases.

  The global Internet of Things in Healthcare market is experiencing exponential growth, driven by the increasing demand for remote patient monitoring, telemedicine services, and efficient healthcare delivery systems. As healthcare organizations strive to cope with the growing burden of chronic diseases and the need for cost-effective solutions, IoT presents itself as a transformative tool in revolutionizing healthcare delivery. Key applications of IoT in healthcare include wearable devices for continuous health monitoring, smart home medical devices for remote patient care, and integrated healthcare platforms for data analytics and personalized medicine. Moreover, the proliferation of IoT devices, coupled with advancements in data analytics and artificial intelligence, is expected to further drive innovation in healthcare, leading to more efficient care delivery models, improved patient outcomes, and enhanced population health management strategies on a global scale.

Restraints

• Data security and privacy concerns
• Lack of interoperability standards
• High implementation costs
• Regulatory hurdles

• Limited healthcare infrastructure in some regions: Limited healthcare infrastructure in certain regions presents a significant challenge for delivering adequate medical services to populations in need. In such areas, access to healthcare facilities, trained medical professionals, and essential medical equipment may be severely lacking. However, the Global Internet of Things (IoT) in Healthcare Market offers promising solutions to address these disparities. IoT technologies enable remote monitoring of patient vital signs, real-time data collection, and analysis, facilitating more efficient and accessible healthcare delivery models. For instance, wearable devices equipped with IoT sensors can track patients' health metrics and transmit this data to healthcare providers, allowing for timely interventions and personalized treatment plans, even in remote or underserved areas. Moreover, IoT-enabled medical devices can streamline healthcare operations, optimize resource utilization, and improve patient outcomes, contributing to the enhancement of healthcare services in regions with limited infrastructure.

  The Global Internet of Things in Healthcare Market is witnessing rapid growth as healthcare providers increasingly adopt IoT solutions to overcome the challenges posed by limited infrastructure. With IoT technology, healthcare systems can achieve greater efficiency, accuracy, and accessibility in delivering medical services. For example, IoT-enabled telemedicine platforms enable remote consultations and diagnoses, breaking down geographical barriers and expanding access to healthcare services for underserved populations. Additionally, IoT devices integrated into healthcare facilities can automate tasks, monitor equipment performance, and manage inventory, thereby improving operational efficiency and reducing costs. As IoT continues to advance and integrate with other emerging technologies like artificial intelligence and big data analytics, the potential for transforming healthcare delivery and bridging infrastructure gaps becomes even more promising.

Opportunities

• Expansion of telemedicine services
• Integration of AI and IoT
• Emerging markets adoption
• Collaborations between tech firms and healthcare providers

• Personalized medicine advancements : Personalized medicine has seen remarkable advancements in recent years, transforming healthcare by tailoring treatments to individual patients based on their genetic makeup, lifestyle, and environmental factors. With the rapid development of genomic sequencing technologies, healthcare providers can now analyze a patient's genetic information to predict disease risk, identify optimal treatments, and minimize adverse reactions to medications. This approach not only improves patient outcomes but also helps reduce healthcare costs by avoiding ineffective treatments and unnecessary procedures. Moreover, personalized medicine fosters the development of targeted therapies, which specifically target the molecular mechanisms underlying diseases, leading to more precise and effective interventions.

  The global Internet of Things (IoT) in healthcare market is experiencing significant growth, driven by the increasing adoption of connected medical devices and the need for remote patient monitoring solutions. IoT-enabled devices such as wearable sensors, smart implants, and remote monitoring systems allow healthcare providers to collect real-time data on patients' health status, enabling early detection of health issues and proactive intervention. Moreover, IoT technology facilitates seamless communication and data exchange between healthcare professionals, patients, and caregivers, improving care coordination and patient engagement. As the healthcare industry continues to embrace digital transformation, IoT is expected to play a pivotal role in revolutionizing healthcare delivery, enhancing patient outcomes, and optimizing resource utilization.

Key players in Global Internet of Things in Healthcare Market include:

• Apple Inc
• Alphabet Inc
• Abbott Laboratories
• Cisco Systems Inc.
• General Electric Company
• International Business Machine Corporation (IBM)
• Koninklijke Philips N.V.
• Microsoft Corporation
• Medtronic Plc
• Proteus Digital Health Inc.
• QUALCOMM Incorporated

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis