Internet of Things (IOT) in Healthcare Market Size

Global Internet of Things (IOT) in Healthcare Market Research Report 2023-2028

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The global Internet of things (IOT) in healthcare market size reached US$ 277.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 687.5 Billion by 2028, exhibiting a growth rate (CAGR) of 16.4% during 2023-2028.

The internet of things (IoT) represents an interconnected arrangement of devices linked to the internet and can gather and transmit data over a wireless network without any human intervention. It relies on artificial intelligence (AI) or machine learning (ML) technologies to evaluate information and offer organizations access to advanced analytics by gathering data on customer behavior. IoT assists in making enhanced decisions, increasing security by monitoring digital and physical infrastructure for optimizing performance, improving efficiency, and reducing safety risks. As a result, this system finds widespread applications in the healthcare sector for research analysis, data collection, and monitoring of electronic health records across the globe.

What Are The Key Factors Driving In The Internet Of Things (Iot) In Healthcare Market

The escalating prevalence of chronic obstructive pulmonary disease (COPD), genetic and respiratory illnesses, arthritis, and cancer is among the primary factors driving the internet of things (IoT) in healthcare market. Besides this, the elevating demand for cost-effective treatment and enhanced disorder management across the globe is further augmenting the market growth. In addition to this, the rising utilization of smart devices and wearables in self-health measurement among individuals is also catalyzing the global market.

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Moreover, the inflating number of investments by the leading manufacturers in research and development (R&D) activities to integrate artificial intelligence (AI) with IoT for an improved patient experience are acting as significant growth-inducing factors. Apart from this, the increasing awareness among the medical personnel toward the benefits of using these devices in the healthcare industry is also stimulating the market growth. Furthermore, the launch of several policies by the government bodies to promote the usage of electronic health records (EHR) is expected to bolster the internet of things (IoT) in healthcare market in the coming years.

Who Are The Key Players/Companies In The Global Internet Of Things (Iot) In Healthcare Market?

Apple Inc., Cisco Systems Inc., Comarch SA, HQ Software, Intel Corporation, Koninklijke Philips N.V., Medtronic plc, Microsoft Corporation, Oracle Corporation, OSP Labs, Oxagile, Qualcomm Incorporated, Siemens AG and STANLEY Healthcare.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Component:

  • Medical Devices
    • Wearable External Devices
    • Implanted Medical Devices
    • Stationary Medical Devices

System and Software

  • Remote Device Management
  • Network Bandwidth Management
  • Data Analytics
  • Application Security
  • Network Security


  • System Integration Services
  • Consulting, Training and Education
  • Support and Maintenance Services

Breakup by Connectivity Technology:

  • Wi-Fi
  • Bluetooth Low Energy
  • ZigBee
  • Near Field Communication (NFC)
  • Cellular
  • Satellite

Breakup by Application:

  • Telemedicine
  • Medication Management
  • Clinical Operations
  • Inpatient Monitoring
  • Connected Imaging
  • Other

Breakup by End User:

  • Hospitals and Clinics
  • Clinical Research Organizations
  • Research and Diagnostic Laboratories
  • Others

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Asia: +91-120-433-0800, +91-120-433-080

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