Internet of Medical Things (IoTM) Market By Component (Connected Medical Devices, Platforms & Software, Services), By Deployment Mode, By Connectivity, By Application, By End User - Global Industry Outlook, Key Companies (Medtronic, Philips Healthcare, GE HealthCare, and Others), Trends and Forecast 2025-2034

Market Overview

The global Internet of Medical Things (IoMT) market is projected to reach USD 274.1 billion in 2025 and is expected to grow significantly, hitting USD 1,239.3 billion by 2034, expanding at a CAGR of 18.3%. This strong growth is driven by growing adoption of connected medical devices, remote patient monitoring, telehealth platforms, and AI-powered healthcare solutions across hospitals, homecare, and clinical settings.

The Internet of Medical Things (IoMT) refers to a connected ecosystem of medical devices, wearables, sensors, software applications, and healthcare IT systems that communicate through the internet to collect, transmit, and analyze health data in real time. This digital network enhances patient care by enabling continuous monitoring, early diagnosis, precision treatment, and seamless coordination between healthcare providers and patients. By integrating cloud computing, big data analytics, and artificial intelligence, IoMT supports predictive healthcare models, improves clinical decision-making, and promotes patient engagement, while also reducing hospital visits and overall healthcare costs.

The global Internet of Medical Things (IoMT) market represents the commercial landscape built around connected healthcare technologies, products, and services that are transforming modern healthcare delivery. It encompasses medical device manufacturers, software providers, cloud and edge computing vendors, telecom operators, and healthcare service providers who collectively enable the deployment of connected medical solutions. With rising adoption of wearable health monitors, remote patient management systems, and telemedicine platforms, the IoMT market is reshaping traditional care models into value-based and patient-centric systems.

The growth of the IoMT market is driven by growing prevalence of chronic diseases, demand for personalized healthcare, and the global push for digital health transformation. Emerging technologies such as artificial intelligence, blockchain, and 5G connectivity are accelerating the scalability and security of IoMT solutions, making them essential for hospitals, home care, and clinical research.

Additionally, favorable government initiatives, regulatory support for digital health, and growing investment by both private and public sectors are fueling rapid adoption globally. This market is not only revolutionizing patient monitoring and disease management but is also paving the way for predictive, preventive, and precision medicine on a global scale.

The US Internet of Medical Things (IoTM) Market

The U.S. Internet of Medical Things (IoTM) market size is projected to be valued at USD 78.4 billion by 2025. It is further expected to witness subsequent growth in the upcoming period, holding USD 326.1 billion in 2034 at a CAGR of 17.2%.

The United States Internet of Medical Things (IoMT) market is emerging as one of the most advanced and rapidly expanding segments of the global digital health ecosystem. With a strong presence of leading medical device manufacturers, healthcare IT providers, and technology giants, the US has established a robust infrastructure for connected healthcare solutions. Adoption of IoMT is fueled by the growing burden of chronic diseases such as diabetes, cardiovascular disorders, and respiratory illnesses, where continuous monitoring and early intervention play a crucial role. Remote patient monitoring devices, wearable sensors, smart insulin pumps, and connected cardiac implants are being widely adopted to enhance patient outcomes and reduce hospital readmissions. In addition, the integration of electronic health records with IoMT platforms and the rise of telemedicine services are transforming care delivery models into value-based, patient-centered systems.

The growth of the US IoMT market is further supported by favorable government initiatives, reimbursement policies, and regulatory frameworks that promote digital health adoption. Programs by the Centers for Medicare & Medicaid Services (CMS) to reimburse remote monitoring services have accelerated the adoption of connected medical devices in both hospitals and homecare settings. The market is also benefiting from significant investments in 5G networks, artificial intelligence, and cloud computing, which strengthen real-time data exchange, predictive analytics, and clinical decision support systems. Moreover, partnerships between healthcare providers, technology firms, and insurers are driving innovation in smart hospitals, digital therapeutics, and population health management. With growing emphasis on personalized healthcare, cybersecurity, and interoperability standards such as FHIR and HL7, the US IoMT market is positioned to lead global advancements in connected health technologies over the coming decade.

Europe Internet of Medical Things (IoTM) Market

The Europe Internet of Medical Things (IoMT) market is projected to reach USD 65.7 billion in 2025, reflecting its strong position as one of the leading regions in the global connected healthcare ecosystem. This growth is supported by advanced healthcare infrastructure, widespread adoption of digital health technologies, and a strong emphasis on improving patient outcomes through innovation. European countries are witnessing growing adoption of remote patient monitoring devices, wearable health trackers, and telemedicine platforms as healthcare providers shift toward value-based and patient-centric care models. In addition, the region benefits from favorable regulatory frameworks such as GDPR and MDR, which ensure data security and device safety while encouraging the integration of IoMT solutions across hospitals, clinics, and home care settings.

With a projected CAGR of 18.8% during the forecast period, Europe’s IoMT market is expanding rapidly due to rising healthcare expenditures, growing prevalence of chronic diseases, and strong government initiatives supporting digital health adoption. Countries like Germany, the UK, and France are leading in the deployment of smart hospitals and AI-driven connected healthcare systems, while emerging economies in Eastern Europe are increasingly investing in digital health infrastructure. The expansion of 5G connectivity, interoperability standards such as FHIR, and partnerships between healthcare providers and technology firms are accelerating the scalability of IoMT solutions. This robust growth trajectory positions Europe as a key driver of global IoMT innovation, offering opportunities for both established players and new entrants in the healthcare technology landscape.

Japan Internet of Medical Things (IoTM) Market

The Japan Internet of Medical Things (IoMT) market is projected to reach USD 13.7 million in 2025, positioning the country as a rapidly growing but niche contributor to the global connected healthcare landscape. Japan’s strong technology infrastructure, aging population, and rising demand for advanced healthcare solutions are major drivers of this growth. With one of the highest proportions of elderly citizens globally, there is an urgent need for remote patient monitoring systems, wearable health devices, and telemedicine platforms to manage chronic diseases such as diabetes, cardiovascular disorders, and respiratory conditions. The government’s ongoing digital health initiatives and growing collaboration between hospitals, research institutes, and technology providers are further strengthening the adoption of IoMT solutions in clinical and homecare environments.

With a projected CAGR of 21.9%, Japan is experiencing one of the fastest growth rates in the IoMT market globally. This momentum is fueled by the integration of 5G connectivity, artificial intelligence, and advanced data analytics into healthcare systems, enabling real-time monitoring and predictive care. Japanese companies are also innovating in medical robotics, AI-driven diagnostics, and connected wearables, creating a competitive edge in the regional market. Additionally, government support for smart healthcare infrastructure, integrated with the rising acceptance of telehealth among patients, is accelerating market penetration. As Japan continues to focus on improving healthcare efficiency and patient outcomes, its IoMT market is set to play a pivotal role in advancing precision medicine and value-based care across the Asia-Pacific region.

Global Internet of Medical Things (IoTM) Market: Key Takeaways

• Market Value: The global Internet of Medical Things (IoTM) market size is expected to reach a value of USD 1,239.3 billion by 2034 from a base value of USD 274.1 billion in 2025 at a CAGR of 18.3%.
• By Component Segment Analysis: Connected Medical Devices are anticipated to dominate the component segment, capturing 56.0% of the total market share in 2025.
• By Deployment Mode Segment Analysis: Cloud-based mode is expected to maintain its dominance in the deployment mode segment, capturing 54.0% of the total market share in 2025.
• By Connectivity Segment Analysis: Wi-Fi will dominate the connectivity segment, capturing 28.0% of the market share in 2025.
• By Application Segment Analysis: Remote Patient Monitoring (RPM) applications will account for the maximum share in the application segment, capturing 24.0% of the total market value.
• By End-User Segment Analysis: Hospitals & Health Systems are expected to consolidate their dominance in the end-user segment, capturing 44.0% of the market share in 2025.
• Regional Analysis: North America is anticipated to lead the global Internet of Medical Things (IOTM) market landscape with 34.0% of total global market revenue in 2025.
• Key Players: Some key players in the global Internet of Medical Things (IoTM) market are Medtronic, Philips Healthcare, GE HealthCare, Siemens Healthineers, Abbott Laboratories, Johnson & Johnson, Boston Scientific, Stryker Corporation, Becton Dickinson and Company (BD), Baxter International, ResMed, Dexcom, Omron Healthcare, Honeywell Life Sciences, Qualcomm Life, Cerner Corporation (Oracle Health), Cisco Systems, Microsoft Healthcare Solutions, IBM Watson Health, and Others.

Global Internet of Medical Things (IoTM) Market: Use Cases

• Remote Patient Monitoring and Chronic Disease Management: IoMT solutions enable continuous monitoring of patients with chronic illnesses such as diabetes, hypertension, and cardiovascular diseases through connected devices like glucose monitors, wearable ECGs, and smart inhalers. These devices transmit real-time health data to clinicians, allowing early detection of abnormalities, timely interventions, and personalized treatment plans. Remote patient monitoring not only reduces hospital readmissions and emergency visits but also empowers patients to manage their health actively.
• Smart Hospitals and Connected Healthcare Infrastructure: Hospitals globally are adopting IoMT technologies to create smart, digitally enabled healthcare environments. From connected infusion pumps and bedside monitors to asset tracking and smart beds, IoMT improves operational efficiency and patient safety. Integration with electronic health records and AI-driven analytics enhances clinical decision-making, optimizes workflows, and reduces the burden on healthcare staff. This connected ecosystem fosters better care coordination and supports value-based healthcare delivery models.
• Telemedicine and Virtual Care Expansion: The IoMT market plays a critical role in advancing telemedicine by connecting patients and physicians through wearables, mobile health apps, and diagnostic devices. Real-time transmission of patient vitals during virtual consultations enhances diagnostic accuracy and treatment outcomes. This is especially valuable for rural and underserved areas, where access to specialists is limited. IoMT-enabled telehealth improves patient engagement, expands access to healthcare, and supports cost-effective digital health transformation.
• Personalized and Preventive Healthcare: By leveraging wearable health trackers, implantable sensors, and AI-powered analytics, IoMT facilitates personalized healthcare tailored to individual patient needs. Continuous health monitoring provides valuable insights into lifestyle, activity levels, and risk factors, enabling preventive interventions before diseases progress. Healthcare providers can use predictive analytics to design precision treatment pathways, while patients benefit from tailored wellness programs. This shift from reactive to preventive care is transforming healthcare outcomes globally.

Impact of Artificial Intelligence on the Internet of Medical Things (IoTM) Market

Artificial Intelligence is playing a transformative role in the Internet of Medical Things market by enhancing the efficiency, accuracy, and scalability of connected healthcare systems. Through advanced algorithms and machine learning models, AI enables real-time analysis of the vast amount of health data generated by wearable devices, implantable sensors, and remote patient monitoring systems. This allows clinicians to detect anomalies, predict disease progression, and make data-driven clinical decisions with higher precision. AI-driven IoMT solutions are particularly effective in managing chronic diseases, where continuous monitoring and predictive analytics help in early diagnosis and proactive care.

In addition, AI enhances IoMT platforms by powering personalized healthcare and digital therapeutics. By analyzing patient-specific data, AI supports individualized treatment recommendations, medication adherence tracking, and lifestyle modifications that improve long-term outcomes. Hospitals and smart healthcare systems are leveraging AI-enabled IoMT tools for workflow automation, predictive maintenance of connected devices, and reduction of medical errors. Integration of AI with IoMT also strengthens telemedicine and virtual care platforms, as it can triage patients, automate diagnostics, and provide decision support to physicians. Furthermore, AI improves cybersecurity within IoMT ecosystems by detecting unusual network behaviors and safeguarding sensitive patient information. As the IoMT market expands globally, AI is becoming the cornerstone for achieving precision medicine, preventive care, and value-based healthcare delivery.

Global Internet of Medical Things (IoTM) Market: Stats & Facts

• ONC — Office of the National Coordinator for Health IT (United States)

• 2025: Standards Bulletin expanded data classes supporting device-generated interoperability.
• 2024: Report to Congress highlighted expansion of certified health IT and API-enabled patient access.
• 2023: ~9 in 10 U.S. hospitals reported using APIs to support patient access via apps; ~6 in 10 used APIs to enable patient-generated data exchange.
• 2023: ONC data show broad hospital participation in interoperable exchange via certified EHRs and HIEs.

• CMS — Centers for Medicare & Medicaid Services (United States)

• 2025: Chronic Care Management guidance clarified RPM or RTM may be billed with CCM/TCM in a given month.
• 2025: CMS embedded telehealth and remote-care payment policies into RHC/FQHC program instructions.
• 2024: Telehealth services furnished to patients in their homes paid at non-facility PFS rate; frequency limitations removed.
• 2024: CY-2024 Physician Fee Schedule (PFS) reduced overall payments by 1.25% vs. 2023, while increasing support for remote/virtual care.
• 2024: RHC/FQHC guidance affirmed parity for mental health telehealth visits including audio-only.
• 2023: CMS required reporting of telehealth technology use on home health claims starting July 2023.

• NHS England — Virtual Wards (United Kingdom)

• 2025: South East region reported 85,000+ admissions in 2024, totaling 175,000+ since April 2022.
• 2024: NHS launched monthly Virtual Ward SitRep data covering capacity and occupancy.
• 2024: Operational framework standardized virtual-ward models and data collection across England.
• 2023: Virtual wards treated 100,000+ patients in a year; 16,000 in January 2023 alone.

• European Commission — Digital Decade / 5G Observatory (European Union)

• 2030: EU aims to cover all populated areas with 5G by 2030 to support connected health solutions.
• 2024: ~40% of the global population had 5G coverage by mid-2024, per ITU referenced in the 5G Observatory.
• 2024: EU households’ 5G coverage reached ~94.3%, among the highest globally.
• 2023–2024: Broadband Coverage in Europe report tracked progress toward EU’s Digital Decade 5G targets.

• Ministry of Health & Family Welfare / National Health Authority (India)

• 2025: By April 2025, eSanjeevani crossed 360+ million consultations, with 232,291 providers onboarded and 131,793 spokes plus 17,051 hubs active.
• 2025: ABDM’s Digital Health Incentive Scheme promoted provider onboarding and interoperability across systems.
• 2024–2025: Annual reports highlighted ABDM as the backbone for digital health IDs and interoperable health records.
• 2023–2024: eSanjeevani recorded 216+ million teleconsultations as of March 2024, with 119,029 spokes and 15,074 hubs active.

• Japan — 5G Coverage (Government data via EU 5G Observatory)

• 2025 outlook: With near-universal 5G, Japan’s healthcare system is fully enabled for telemedicine and remote monitoring.
• End-2024: Japan achieved ~99.2% nationwide 5G household coverage, supporting IoMT scalability.

• United States — HHS / ONC & CMS Policy Context

• 2024: CMS finalized telehealth payment parity for patients at home, extending virtual-care utilization.
• 2023–2024: HHS/ONC Report to Congress emphasized API-based patient access under payer interoperability rules.

• NHS England — Operational and Performance Context (United Kingdom)

• 2025: NHS delivered 4.5 million+ treatments in Q1 2025; site-level metrics expanded transparency for digital pathways.
• 2025: 59.8% of patients treated within 18 weeks in March 2025, the best since August 2022, partly enabled by digital and virtual solutions.

• European Commission — Country 5G Rollout Examples

• 2025: Spain set strategy to achieve 100% spectrum readiness for 5G by 2025, ensuring ultrafast connectivity nationwide.
• 2025: Slovakia’s 5G population coverage grew from 25% (end-2024) to 35% (May 2025).

• India — Disease Program Digital Integration (MoHFW)

• 2025: National TB program guidance recommended telemedicine and AI tools for high-risk patient management.
• 2025: Digital platforms integrated into TB services to support remote triage and community-based continuity of care.

Global Internet of Medical Things (IoTM) Market: Market Dynamics

Global Internet of Medical Things (IoTM) Market: Driving Factors

Rising Prevalence of Chronic Diseases and Aging Population

The growing burden of chronic illnesses such as diabetes, cardiovascular disorders, and respiratory conditions is driving demand for IoMT-enabled remote patient monitoring and connected medical devices. With the global population aging rapidly, the need for continuous monitoring, early diagnosis, and home-based care is expanding. IoMT technologies enhance patient safety, reduce hospital readmissions, and support personalized treatment, making them indispensable in modern healthcare ecosystems.

Adoption of Telemedicine and Digital Health Transformation

Telemedicine platforms are gaining momentum as healthcare providers seek cost-effective ways to deliver care beyond traditional hospital settings. IoMT devices, such as wearable trackers, wireless diagnostic tools, and connected imaging systems, provide the data backbone for virtual consultations. This shift toward digital health is accelerated by government support, payer reimbursement models, and consumer demand for accessible healthcare solutions.

Global Internet of Medical Things (IoTM) Market: Restraints

Data Privacy and Cybersecurity Risks

The IoMT ecosystem generates vast amounts of sensitive health data, making it a prime target for cyberattacks. Concerns around unauthorized access, data breaches, and weak interoperability between devices limit adoption in some regions. Ensuring compliance with regulatory frameworks such as HIPAA, GDPR, and FDA guidelines adds complexity for device manufacturers and healthcare providers.

High Implementation Costs and Infrastructure Challenges

The integration of IoMT solutions requires significant investments in connected devices, cloud platforms, secure networks, and skilled IT staff. Developing countries, where healthcare infrastructure and internet connectivity are limited, face challenges in large-scale deployment. High upfront costs for hospitals and patients may also slow adoption despite long-term efficiency gains.

Global Internet of Medical Things (IoTM) Market: Opportunities

Integration of Artificial Intelligence and Predictive Analytics

The combination of IoMT with artificial intelligence and machine learning opens opportunities for predictive diagnostics, precision medicine, and personalized care. AI-driven IoMT platforms can analyze real-time data streams to identify health risks, optimize treatment plans, and reduce the workload of healthcare professionals. This creates new revenue models for device manufacturers and software providers while improving patient outcomes.

Expansion of Home Healthcare and Remote Monitoring Solutions

The growing preference for home-based care and self-management of health conditions is creating opportunities for IoMT companies to develop user-friendly wearable devices, portable diagnostics, and connected therapeutic solutions. As patients demand more convenience, payers and providers are incentivized to invest in remote monitoring platforms that reduce healthcare costs while maintaining high-quality outcomes.

Global Internet of Medical Things (IoTM) Market: Trends

Growth of Smart Hospitals and Connected Healthcare Infrastructure

Healthcare providers are increasingly investing in smart hospital ecosystems powered by IoMT technologies. From connected infusion pumps to real-time asset tracking systems, these solutions streamline operations, enhance patient safety, and optimize clinical workflows. The integration of IoMT with electronic health records and cloud-based platforms is becoming a standard trend in digital healthcare transformation.

Shift toward Value-Based and Preventive Healthcare Models

The global healthcare industry is moving away from fee-for-service models toward value-based care. IoMT devices support this transition by enabling preventive care, reducing unnecessary hospital visits, and delivering personalized health insights. Wearables, implantable sensors, and AI-driven IoMT platforms are reshaping healthcare delivery into proactive, patient-centered systems that focus on long-term wellness.

Global Internet of Medical Things (IoTM) Market: Research Scope and Analysis

By Component Analysis

Connected medical devices are anticipated to dominate the component segment, capturing 56.0% of the total market share in 2025, as they are the core enablers of the IoMT ecosystem. These devices include wearable sensors, implantable monitors, infusion pumps, imaging systems, and bedside monitoring tools that collect and transmit patient health data in real time. Their adoption is driven by the rising demand for continuous monitoring, early diagnosis, and better chronic disease management, along with the shift toward patient-centric and home-based care models. By reducing hospital visits and enabling remote interventions, connected medical devices are transforming healthcare delivery into a more efficient and preventive system.

Alongside devices, platforms and software play a crucial role in the IoMT market by providing the digital infrastructure that supports connectivity, interoperability, and analytics. They integrate data from diverse devices, ensure secure information exchange across healthcare systems, and apply artificial intelligence and machine learning to generate actionable clinical insights. Platforms and software also help streamline hospital workflows, support telemedicine services, and ensure compliance with regulatory standards while maintaining data security. Their growing importance lies in turning raw medical data into meaningful intelligence, empowering both clinicians and patients to make informed healthcare decisions.

By Deployment Mode Analysis

Cloud-based deployment is expected to maintain its dominance in the IoMT market, capturing 54.0% of the total market share in 2025, owing to its scalability, cost efficiency, and ability to support real-time data exchange across multiple healthcare environments. Cloud platforms enable seamless integration of connected devices, remote patient monitoring systems, and telemedicine applications while ensuring secure data storage and easy access for healthcare providers. The flexibility of cloud deployment allows hospitals, clinics, and homecare providers to leverage advanced analytics, artificial intelligence, and interoperability with electronic health records without heavy infrastructure investments. This model also supports global collaborations, enhances disaster recovery capabilities, and is particularly valuable for large healthcare systems aiming to centralize data and improve operational efficiency.

On-premises deployment, though comparatively smaller in share, continues to play an important role in the IoMT market, especially in institutions that prioritize direct control over sensitive health data. Many hospitals and research centers prefer on-premises solutions for enhanced data privacy, compliance with regional regulatory requirements, and customization of IT infrastructure. This model provides healthcare organizations with the ability to maintain higher security standards, reduce reliance on third-party vendors, and ensure uninterrupted operations even with limited internet connectivity. While it requires higher upfront costs and maintenance, on-premises deployment remains a viable choice for providers handling critical patient information in environments where security and data sovereignty are top priorities.

By Connectivity Analysis

Wi-Fi is expected to dominate the connectivity segment, capturing 28.0% of the market share in 2025, due to its widespread availability, reliability, and ability to support high-bandwidth applications in healthcare settings. Hospitals and clinics rely heavily on Wi-Fi to connect bedside monitors, infusion pumps, imaging devices, and electronic health records systems in real time. Its capability to handle large volumes of patient data seamlessly makes it the preferred choice for mission-critical applications such as intensive care monitoring, telemedicine consultations, and data-heavy imaging transfers. Wi-Fi also supports scalability across hospital networks, allowing healthcare providers to integrate a growing number of connected devices without significant infrastructure overhauls, further reinforcing its dominant position in the IoMT ecosystem.

Bluetooth and Bluetooth Low Energy (BLE) also hold a vital place in the IoMT market, particularly for wearable devices, portable diagnostics, and patient monitoring equipment. These technologies are widely used in fitness trackers, glucose monitors, and cardiac monitoring patches because of their low power consumption and efficient short-range connectivity. BLE allows devices to operate longer on smaller batteries, making it ideal for continuous health monitoring without frequent recharging. Furthermore, Bluetooth’s integration with smartphones and tablets enables patients to easily sync their health data with mobile health applications and share it with clinicians. Its user-friendly nature, energy efficiency, and growing role in remote care solutions make Bluetooth/BLE a key enabler in expanding the reach of IoMT beyond clinical settings into everyday patient lifestyles.

By Application Analysis

Remote Patient Monitoring (RPM) applications will account for the maximum share in the application segment, capturing 24.0% of the total market value, as healthcare providers increasingly adopt connected devices to manage chronic diseases and post-acute care. RPM leverages wearable sensors, implantable devices, and portable diagnostic tools to continuously collect vital health data such as heart rate, glucose levels, and oxygen saturation. This information is transmitted in real time to clinicians, enabling early detection of complications, timely interventions, and reduced hospital readmissions. With rising healthcare costs and an aging global population, RPM provides a cost-effective solution that supports home-based care, empowers patients in self-management, and strengthens value-based healthcare delivery models.

Telemedicine and virtual care represent another fast-growing application area in the IoMT market, driven by the need for accessible and efficient healthcare services. By integrating IoMT devices with virtual consultation platforms, physicians can remotely monitor patient vitals, review diagnostic data, and provide treatment recommendations without the need for in-person visits. This model has gained significant traction in rural and underserved regions where access to specialized healthcare is limited. IoMT-enabled telehealth enhances clinical decision-making, reduces travel burdens for patients, and improves overall engagement in care management. The growing acceptance of digital consultations, supported by government reimbursement policies and advances in real-time connectivity, is ensuring that telemedicine and virtual care remain a critical driver of the IoMT ecosystem.

By End-User Analysis

Hospitals and health systems are expected to consolidate their dominance in the end-user segment, capturing 44.0% of the market share in 2025, as they remain the primary hubs for advanced medical technologies and connected healthcare infrastructure. These institutions rely heavily on IoMT solutions to improve clinical workflows, enhance patient safety, and optimize resource utilization. From connected infusion pumps and smart imaging systems to asset tracking and real-time patient monitoring, IoMT plays a vital role in delivering high-quality care across different hospital departments. The integration of IoMT platforms with electronic health records, artificial intelligence, and predictive analytics further enables hospitals to reduce medical errors, streamline operations, and adopt value-based healthcare practices. With rising patient admissions and growing demand for precision care, hospitals and large healthcare networks continue to be the largest adopters of IoMT solutions globally.

Homecare and patients are also emerging as a fast-growing end-user segment within the IoMT market, driven by the shift toward remote healthcare and self-management of chronic conditions. Wearables, connected glucose monitors, smart inhalers, and mobile health applications empower patients to track their vital signs and share real-time data with healthcare providers without visiting hospitals. This trend supports personalized healthcare, reduces the burden on medical facilities, and lowers overall treatment costs. The convenience of at-home monitoring, combined with growing acceptance of telehealth services and payer support for remote patient management, is fostering rapid adoption of IoMT devices in residential settings. As consumers increasingly demand more autonomy over their health, the homecare and patient segment is becoming a cornerstone of the connected healthcare ecosystem.

The Internet of Medical Things (IoTM) Market Report is segmented on the basis of the following

By Component

• Connected Medical Devices
• Platforms & Software
• Services

By Deployment Mode

• Cloud
• On-Premises
• Edge

By Connectivity

• Wi-Fi
• Bluetooth/BLE
• Cellular (4G/5G)
• LPWAN (NB-IoT, LTE-M, LoRa)
• NFC/RFID
• Short-Range Mesh

By Application

• Remote Patient Monitoring (RPM)
• Telemedicine & Virtual Care
• Chronic Disease Management
• Asset/Medication Tracking & RTLS
• mHealth & Wellness
• Clinical Workflow & Hospital Operations
• Diagnostics & Imaging Integration
• Emergency/Acute Care
• Others

By End User

• Hospitals & Health Systems
• Homecare/Patients
• Outpatient Clinics
• Ambulatory Surgery Centers
• Long-Term Care Facilities
• Research/Academic & Pharma

Global Internet of Medical Things (IoTM) Market: Regional Analysis

Region with the Largest Revenue Share

North America is anticipated to lead the global Internet of Medical Things (IOTM) market landscape with 34.0% of total global market revenue in 2025, supported by advanced healthcare infrastructure, widespread adoption of digital health technologies, and strong presence of leading IoMT solution providers. The region benefits from favorable government initiatives, regulatory frameworks such as HIPAA, and reimbursement policies that encourage the use of connected medical devices, telemedicine platforms, and remote patient monitoring systems. Rising prevalence of chronic diseases, growing healthcare expenditure, and rapid integration of artificial intelligence and cloud-based platforms further strengthen North America’s dominance. Additionally, strategic collaborations among hospitals, technology firms, and insurers continue to accelerate the region’s leadership in connected healthcare solutions.

Region with significant growth

Asia Pacific is emerging as the region with the most significant growth in the global IoMT market, driven by rapid digital health transformation, growing healthcare investments, and widespread adoption of connected medical devices. Rising prevalence of chronic diseases, expanding aging populations, and growing demand for affordable home-based care are fueling adoption across countries such as China, India, and Japan. Supportive government initiatives, improving internet infrastructure, and the integration of 5G and artificial intelligence into healthcare systems are further accelerating market expansion. With its large patient base and rising focus on telemedicine and remote patient monitoring, Asia Pacific is set to register the fastest growth over the coming years.

By Region

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe

Asia-Pacific

• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA

Global Internet of Medical Things (IoTM) Market: Competitive Landscape

The global competitive landscape of the Internet of Medical Things market is highly dynamic, with a mix of established healthcare technology leaders, medical device manufacturers, and emerging digital health innovators shaping the industry. Companies such as Medtronic, Philips Healthcare, GE HealthCare, Siemens Healthineers, and Abbott Laboratories dominate through their extensive portfolios of connected devices and clinical solutions, while technology giants like Microsoft, IBM, Cisco, and Qualcomm are strengthening the ecosystem with cloud platforms, AI-driven analytics, and secure connectivity. Meanwhile, firms such as Dexcom, ResMed, Omron Healthcare, and Teladoc Health are expanding their presence in remote patient monitoring, wearables, and telemedicine. Strategic collaborations, mergers and acquisitions, and heavy R&D investments remain central to competitive strategies, as players focus on interoperability, cybersecurity, and regulatory compliance to gain a stronger foothold in this rapidly growing global market.

Some of the prominent players in the global Internet of Medical Things (IoTM) market are:

• Medtronic
• Philips Healthcare
• GE HealthCare
• Siemens Healthineers
• Abbott Laboratories
• Johnson & Johnson
• Boston Scientific
• Stryker Corporation
• Becton, Dickinson and Company (BD)
• Baxter International
• ResMed
• Dexcom
• Omron Healthcare
• Honeywell Life Sciences
• Qualcomm Life
• Cerner Corporation (Oracle Health)
• Cisco Systems
• Microsoft Healthcare Solutions
• IBM Watson Health
• Teladoc Health
• Other Key Players

Global Internet of Medical Things (IoTM) Market: Recent Developments

• June 2025: EMVision Medical Devices secured USD 5 million in a non-dilutive grant from the Australian Government to accelerate commercialization of its portable brain scanner for rapid stroke and trauma diagnosis on the scene.
• June 2025: Bengaluru startup Iom Bioworks raised INR 4 crore (~USD 0.5 million) in seed funding led by Inflection Point Ventures to scale its AI-powered gut microbiome healthcare platform and achieve personalized, data-driven wellness.
• May 2025: WHOOP introduced its next-generation wearables, the WHOOP 5.0 and WHOOP MG, featuring a remarkable 14-day battery life, 10× power efficiency, and enhanced health metrics including an FDA-cleared ECG and blood-pressure monitoring capability.
• May 2025: Indian femtech startup Matri launched a dual-connectivity version of its compact TENS-based menstrual pain relief device, the Matri Pro—marketed as India’s slimmest dual-mode period pain wearable.
• April 2025: Claroty reported widespread cybersecurity vulnerabilities within IoMT and OT devices across 99 % of healthcare networks, emphasizing the critical need for acquisition of device-monitoring platforms—but no corporate M&A directly noted in this period.

Report Details