IoT in Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component, By Medical Devices, By System and Software, By Services, By Application, By End User, By Region & Competition, 2021-2031F

Description

The Global IoT in Healthcare Market is projected to experience substantial growth, rising from a valuation of USD 45.89 Billion in 2025 to USD 126.23 Billion by 2031, reflecting a compound annual growth rate of 18.37%. This market is characterized by a web of interconnected medical devices, software applications, and systems that enable the smooth exchange of health data to enhance remote monitoring and clinical decision-making. The core drivers fueling this expansion include a rapidly aging global population and the increasing incidence of chronic diseases, both of which require continuous and cost-efficient patient management strategies. These foundational elements generate a lasting demand for remote care capabilities and operational efficiency, distinguishing the market's trajectory from fleeting technological fads that primarily impact feature sets.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 45.89 Billion
Market Size 2031	USD 126.23 Billion
CAGR 2026-2031	18.37%
Fastest Growing Segment	Wearables
Largest Market	North America

However, the market faces a considerable obstacle in the form of heightened risks regarding cybersecurity breaches and data privacy violations associated with widespread device connectivity. Protecting sensitive patient information from increasingly complex cyber threats is essential for preserving the trust of both providers and patients. According to the 'Consumer Technology Association', the U.S. consumer technology industry is anticipated to achieve a record $537 billion in retail revenue in '2025', a figure largely supported by the rapid uptake of digital health innovations and connected medical technologies, underscoring the critical nature of securing this expanding digital infrastructure.

Market Driver

The evolution of wearable medical devices and sensor technology acts as a major catalyst for the Global IoT in Healthcare Market, facilitating a shift from episodic patient visits to continuous care. These tools enable the real-time tracking of vital signs, which is crucial for managing the growing burden of long-term conditions and minimizing hospital readmissions. According to the American Medical Association, in December 2025, 52.5% of physicians indicated that their practices utilized telehealth and remote monitoring tools specifically for chronic disease management throughout 2024. This uptake highlights a structural transformation in which provider workflows increasingly rely on data streams produced by patient-worn sensors to improve clinical outcomes and operational efficiency.

The incorporation of artificial intelligence and big data analytics further propels market expansion by handling the massive volumes of data generated by these connected endpoints. AI algorithms are vital for extracting actionable intelligence from diverse data sources, thereby enhancing diagnostic precision and predictive abilities. According to Investing.com, Oracle reported a 359% year-over-year surge in remaining performance obligations in September 2025, a growth primarily driven by the demand for AI and cloud infrastructure essential for complex digital health ecosystems. Nevertheless, this connectivity requires strong defenses; according to Connection, in February 2025, 92% of healthcare organizations acknowledged suffering a cyberattack in 2024, emphasizing the urgent need for resilient network architectures within the IoT landscape.

Market Challenge

The danger of cybersecurity breaches and data privacy violations represents a major barrier to the advancement of the global IoT in healthcare market. As medical networks become increasingly crowded with interconnected devices, the risk of sensitive health data being exposed to digital threats grows proportionately. This vulnerability generates considerable reluctance among healthcare providers, who worry that implementing these systems might jeopardize patient confidentiality and breach stringent compliance standards. Consequently, the threat of financial sanctions and reputational harm compels many organizations to postpone the adoption of remote monitoring technologies.

Moreover, security lapses directly negate the operational efficiency that IoT systems are intended to provide. When digital infrastructure is compromised, resources are diverted from patient care innovation to system recovery and damage control. This interruption severely affects the financial stability of medical providers, making them hesitant to broaden their digital footprint. According to the 'American Medical Association', in '2024', '80 percent of physicians reported that cyberattacks on connected healthcare systems resulted in lost revenue for their practices'. Such financial instability deters further capital investment in connected medical devices, thereby slowing the overall momentum of the market.

Market Trends

The growth of virtual wards and hospital-at-home models marks a significant structural change in patient management, shifting acute care delivery from centralized facilities to domestic settings. This trend surpasses simple remote monitoring by deploying comprehensive IoT ecosystems that replicate inpatient-level supervision through continuous data streams and integrated response protocols. Healthcare systems are increasingly adopting these models as standard practice to relieve capacity pressures and enhance patient satisfaction, rather than merely utilizing them as emergency measures. This rapid expansion of decentralized care infrastructure is evident in national health data; according to NHS England Digital, in March 2025, the 'Virtual Ward Capacity and Occupancy statistics' showed 12,825 virtual ward beds available across England, reflecting a massive year-on-year operational increase to support non-hospitalized acute care.

Simultaneously, the rollout of 5G connectivity is creating the low-latency infrastructure necessary for advanced real-time healthcare applications, such as telesurgery and high-definition remote diagnostics. In contrast to earlier network generations that mainly facilitated asynchronous data transfer, 5G provides the reliability and bandwidth required for mission-critical medical IoT functions where immediate responsiveness is mandatory. This progression evolves the market from passive data gathering to active, real-time intervention capabilities, underpinned by the broader economic expansion of mobile connectivity. According to GSMA, in its March 2025 'The Mobile Economy 2025' report, mobile technologies and services now contribute 5.8% to global GDP, totaling $6.5 trillion in economic value, demonstrating the massive scale of the connectivity framework supporting these advanced healthcare innovations.

Key Market Players

Medtronic, Plc
Koninklijke Philips N.V.
GE Healthcare Inc.
International Business Machines Corporation
Microsoft Corporation
Oracle Cerner
AgaMatrix, Inc.
Cisco Systems, Inc.
Intel Corporation
Siemens Healthineers AG

Report Scope

In this report, the Global IoT in Healthcare Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

IoT in Healthcare Market, By Component

Medical Devices
System and Software
Services

IoT in Healthcare Market, By Medical Devices

Stationery Medical Devices
Implants
Wearables

IoT in Healthcare Market, By System and Software

Remote Device Management
Data Analytics
Application Security
Others

IoT in Healthcare Market, By Services

Managed Services
Professional Services

IoT in Healthcare Market, By Application

Telemedicine
Remote Patient Monitoring
Clinical Operations and Workflow Management
Connected Imaging
Others

IoT in Healthcare Market, By End User

Hospitals and Clinics
Clinical Research Centres
Diagnostic Labs

IoT in Healthcare Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global IoT in Healthcare Market.

Available Customizations:

Global IoT in Healthcare Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global IoT in Healthcare Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Medical Devices, System and Software, Services)
- 5.2.2. By Medical Devices (Stationery Medical Devices, Implants, Wearables)
- 5.2.3. By System and Software (Remote Device Management, Data Analytics, Application Security, Others)
- 5.2.4. By Services (Managed Services, Professional Services)
- 5.2.5. By Application (Telemedicine, Remote Patient Monitoring, Clinical Operations and Workflow Management, Connected Imaging, Others)
- 5.2.6. By End User (Hospitals and Clinics, Clinical Research Centres, Diagnostic Labs)
- 5.2.7. By Region
- 5.2.8. By Company (2025)
5.3. Market Map

6. North America IoT in Healthcare Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Medical Devices
- 6.2.3. By System and Software
- 6.2.4. By Services
- 6.2.5. By Application
- 6.2.6. By End User
- 6.2.7. By Country
6.3. North America: Country Analysis
- 6.3.1. United States IoT in Healthcare Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Medical Devices
    - 6.3.1.2.3. By System and Software
    - 6.3.1.2.4. By Services
    - 6.3.1.2.5. By Application
    - 6.3.1.2.6. By End User
- 6.3.2. Canada IoT in Healthcare Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Medical Devices
    - 6.3.2.2.3. By System and Software
    - 6.3.2.2.4. By Services
    - 6.3.2.2.5. By Application
    - 6.3.2.2.6. By End User
- 6.3.3. Mexico IoT in Healthcare Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Medical Devices
    - 6.3.3.2.3. By System and Software
    - 6.3.3.2.4. By Services
    - 6.3.3.2.5. By Application
    - 6.3.3.2.6. By End User

7. Europe IoT in Healthcare Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Medical Devices
- 7.2.3. By System and Software
- 7.2.4. By Services
- 7.2.5. By Application
- 7.2.6. By End User
- 7.2.7. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany IoT in Healthcare Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Medical Devices
    - 7.3.1.2.3. By System and Software
    - 7.3.1.2.4. By Services
    - 7.3.1.2.5. By Application
    - 7.3.1.2.6. By End User
- 7.3.2. France IoT in Healthcare Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Medical Devices
    - 7.3.2.2.3. By System and Software
    - 7.3.2.2.4. By Services
    - 7.3.2.2.5. By Application
    - 7.3.2.2.6. By End User
- 7.3.3. United Kingdom IoT in Healthcare Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Medical Devices
    - 7.3.3.2.3. By System and Software
    - 7.3.3.2.4. By Services
    - 7.3.3.2.5. By Application
    - 7.3.3.2.6. By End User
- 7.3.4. Italy IoT in Healthcare Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Medical Devices
    - 7.3.4.2.3. By System and Software
    - 7.3.4.2.4. By Services
    - 7.3.4.2.5. By Application
    - 7.3.4.2.6. By End User
- 7.3.5. Spain IoT in Healthcare Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Medical Devices
    - 7.3.5.2.3. By System and Software
    - 7.3.5.2.4. By Services
    - 7.3.5.2.5. By Application
    - 7.3.5.2.6. By End User

8. Asia Pacific IoT in Healthcare Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Medical Devices
- 8.2.3. By System and Software
- 8.2.4. By Services
- 8.2.5. By Application
- 8.2.6. By End User
- 8.2.7. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China IoT in Healthcare Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Medical Devices
    - 8.3.1.2.3. By System and Software
    - 8.3.1.2.4. By Services
    - 8.3.1.2.5. By Application
    - 8.3.1.2.6. By End User
- 8.3.2. India IoT in Healthcare Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Medical Devices
    - 8.3.2.2.3. By System and Software
    - 8.3.2.2.4. By Services
    - 8.3.2.2.5. By Application
    - 8.3.2.2.6. By End User
- 8.3.3. Japan IoT in Healthcare Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Medical Devices
    - 8.3.3.2.3. By System and Software
    - 8.3.3.2.4. By Services
    - 8.3.3.2.5. By Application
    - 8.3.3.2.6. By End User
- 8.3.4. South Korea IoT in Healthcare Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Medical Devices
    - 8.3.4.2.3. By System and Software
    - 8.3.4.2.4. By Services
    - 8.3.4.2.5. By Application
    - 8.3.4.2.6. By End User
- 8.3.5. Australia IoT in Healthcare Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Medical Devices
    - 8.3.5.2.3. By System and Software
    - 8.3.5.2.4. By Services
    - 8.3.5.2.5. By Application
    - 8.3.5.2.6. By End User

9. Middle East & Africa IoT in Healthcare Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Medical Devices
- 9.2.3. By System and Software
- 9.2.4. By Services
- 9.2.5. By Application
- 9.2.6. By End User
- 9.2.7. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia IoT in Healthcare Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Medical Devices
    - 9.3.1.2.3. By System and Software
    - 9.3.1.2.4. By Services
    - 9.3.1.2.5. By Application
    - 9.3.1.2.6. By End User
- 9.3.2. UAE IoT in Healthcare Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Medical Devices
    - 9.3.2.2.3. By System and Software
    - 9.3.2.2.4. By Services
    - 9.3.2.2.5. By Application
    - 9.3.2.2.6. By End User
- 9.3.3. South Africa IoT in Healthcare Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Medical Devices
    - 9.3.3.2.3. By System and Software
    - 9.3.3.2.4. By Services
    - 9.3.3.2.5. By Application
    - 9.3.3.2.6. By End User

10. South America IoT in Healthcare Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Medical Devices
- 10.2.3. By System and Software
- 10.2.4. By Services
- 10.2.5. By Application
- 10.2.6. By End User
- 10.2.7. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil IoT in Healthcare Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Medical Devices
    - 10.3.1.2.3. By System and Software
    - 10.3.1.2.4. By Services
    - 10.3.1.2.5. By Application
    - 10.3.1.2.6. By End User
- 10.3.2. Colombia IoT in Healthcare Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Medical Devices
    - 10.3.2.2.3. By System and Software
    - 10.3.2.2.4. By Services
    - 10.3.2.2.5. By Application
    - 10.3.2.2.6. By End User
- 10.3.3. Argentina IoT in Healthcare Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Medical Devices
    - 10.3.3.2.3. By System and Software
    - 10.3.3.2.4. By Services
    - 10.3.3.2.5. By Application
    - 10.3.3.2.6. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global IoT in Healthcare Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Medtronic, Plc
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Koninklijke Philips N.V.
15.3. GE Healthcare Inc.
15.4. International Business Machines Corporation
15.5. Microsoft Corporation
15.6. Oracle Cerner
15.7. AgaMatrix, Inc.
15.8. Cisco Systems, Inc.
15.9. Intel Corporation
15.10. Siemens Healthineers AG