PUBLISHER: The Business Research Company | PRODUCT CODE: 2131960
PUBLISHER: The Business Research Company | PRODUCT CODE: 2131960
Connected medical devices, Internet of Medical Things (IoMT), refer to a network of internet-connected medical devices, sensors, and healthcare systems that collect and exchange patient health data in real time. It includes wearable devices, remote patient monitoring systems, smart infusion pumps, and connected diagnostic equipment. Its primary objective is to improve patient outcomes, support continuous monitoring, enhance clinical decision-making, and increase healthcare efficiency through seamless data connectivity.
The primary components of connected medical devices internet of medical things (IoMT) include devices, software, and services. Devices refer to internet-connected medical equipment and wearable or implanted healthcare devices that collect, transmit, and exchange patient health data for clinical monitoring and care. These solutions utilize connectivity technologies including wireless fidelity, Bluetooth, cellular networks, radio frequency identification, near field communication, and Zigbee and are deployed through cloud-based, on-premises, and hybrid models. They find application in remote patient monitoring, chronic disease management, telemedicine, clinical workflow management, medication management, diagnostic monitoring, and asset management, serving end users including hospitals, clinics, home healthcare settings, ambulatory surgical centers, diagnostic centers, and long-term care facilities.
Tariffs are influencing the connected medical devices internet of medical things (IoMT) market by increasing the cost of imported medical sensors, connectivity components, semiconductor devices, and healthcare hardware required for connected solutions. This is affecting device manufacturers, healthcare providers, and technology suppliers, particularly in regions dependent on imported medical electronics such as North America, Europe, and Asia-Pacific. Hardware-intensive segments, including patient monitoring devices, wearable medical devices, and diagnostic equipment, are experiencing the greatest impact due to global component supply chain dependencies. However, tariffs are also encouraging localized manufacturing, regional sourcing strategies, and investments in domestic healthcare technology ecosystems.
The connected medical devices internet of medical things (iomt) market research report is one of a series of new reports from The Business Research Company that provides connected medical devices internet of medical things (iomt) market statistics, including connected medical devices internet of medical things (iomt) industry global market size, regional shares, competitors with a connected medical devices internet of medical things (iomt) market share, detailed connected medical devices internet of medical things (iomt) market segments, market trends and opportunities, and any further data you may need to thrive in the connected medical devices internet of medical things (iomt) industry. This connected medical devices internet of medical things (iomt) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The connected medical devices internet of medical things (IoMT) market size has grown rapidly in recent years. It will grow from $61.85 billion in 2025 to $71.01 billion in 2026 at a compound annual growth rate (CAGR) of 14.8%. The growth during the historic period was driven by increasing adoption of electronic health records, rising demand for remote patient monitoring, growing healthcare digitization initiatives, increasing prevalence of chronic diseases, and rising need for improved healthcare delivery efficiency.
The connected medical devices internet of medical things (IoMT) market size is expected to see rapid growth in the next few years. It will grow to $124.46 billion in 2030 at a compound annual growth rate (CAGR) of 15.1%. The growth during the forecast period is driven by growing adoption of connected wearable medical devices, rising demand for personalized healthcare solutions, increasing expansion of home healthcare services, growing need for real-time clinical decision support, and expanding deployment of smart hospital infrastructure. Key trends during the forecast period include increasing adoption of connected medical devices for real-time patient monitoring, growing integration of wearable healthcare devices for continuous health tracking, rising demand for interoperable medical device connectivity solutions, expanding use of remote healthcare monitoring systems for improved patient management, and increasing focus on secure data exchange between medical devices and healthcare systems.
The growing adoption of telehealth and remote patient monitoring is expected to drive the growth of the connected medical devices (IoMT) market in the coming years. Telehealth and remote patient monitoring (RPM) involve the use of digital communication technologies and connected medical devices to deliver healthcare services and continuously monitor patients' health data remotely outside conventional clinical settings. The adoption of telehealth and remote patient monitoring is increasing due to the rising prevalence of chronic diseases, as these solutions enable continuous health monitoring and timely medical care for patients requiring long-term disease management. Connected medical devices (IoMT) facilitate telehealth and remote patient monitoring by continuously collecting and transmitting real-time patient health data to healthcare providers, enabling remote assessment, prompt intervention, and more effective disease management. For example, in August 2025, according to the US Department of Health and Human Services, a US-based government administration, nearly 1 million enrollees received remote patient monitoring services in 2024, representing a 27% increase compared to 2023. Therefore, the growing adoption of telehealth and remote patient monitoring is driving the growth of the connected medical devices (IoMT) market.
Major companies operating in the connected medical devices Internet of Medical Things (IoMT) market are focusing on introducing innovative solutions, such as remote patient management, to support continuous health monitoring, improve patient outcomes, and enhance healthcare delivery efficiency. Remote patient management is a digital healthcare system that utilizes connected medical devices, software, and communication technologies to remotely collect, monitor, and manage patients' health data outside traditional healthcare environments. For example, in March 2023, Royal Philips, a Netherlands-based health technology company, launched Philips Virtual Care Management, a comprehensive telehealth solution designed to help healthcare providers remotely monitor and manage patients across multiple care settings. The platform integrates remote patient monitoring, patient engagement tools, and care coordination capabilities into a unified solution, enabling clinicians to monitor patient health data and intervene proactively when necessary. It utilizes connected medical devices and digital communication technologies to improve patient outcomes, reduce hospital readmissions, and enhance the overall efficiency of healthcare delivery.
In November 2024, Amazon Web Services Inc., a US-based cloud computing company, partnered with Royal Philips to accelerate the migration of healthcare systems to the cloud and support scalable, AI-driven digital health and diagnostic solutions. Through this partnership, the companies aim to modernize healthcare IT infrastructure by migrating clinical and diagnostic systems to the cloud, enabling enhanced data accessibility, greater operational efficiency, and AI-powered clinical decision support. Royal Philips is a Netherlands-based health technology company that provides connected medical devices (IoMT).
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.
North America was the dominating region in the connected medical devices internet of medical things (IoMT) market in 2025. Asia-Pacific is expected to be the rapidly 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.
The countries covered in the connected medical devices internet of medical things (IoMT) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The connected medical devices, Internet of Medical Things (IoMT) market consists of revenues earned by entities by providing services such as vital signs tracking, predictive health analytics, and emergency alert and notification services. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected medical devices, Internet of Medical Things (IoMT) market also includes sales of connected infusion pumps, network-enabled ventilators, and smart insulin delivery systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Connected Medical Devices Internet Of Medical Things (IoMT) Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses connected medical devices internet of medical things (iomt) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for connected medical devices internet of medical things (iomt) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The connected medical devices internet of medical things (iomt) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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