Internet of Medical Things (IoMT) Market Is Expected to Grasp the Value of USD 270.40 Billion by 2029, Size, Share, Key Growth Drivers, Trends and Competitive Outlook

Internet of medical things (IoMT), medical organisations are transforming healthcare in novel ways to the usage of medical equipment and gadgets. By offering round-the-clock medical help and services, connected devices like glucose monitors, ECG monitors, pulse oximeters, and blood pressure monitors are placed close to a patient's body and assure improved customer satisfaction.

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Data Bridge Market Research analyses that the internet of medical things market which was USD 48.69 billion in 2021, would rocket up to USD 270.40 billion by 2029, and is expected to undergo a CAGR of 23.9% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The internet of medical things market is analysed and market size insights and trends are provided by country, component, platform, mode of service delivery, connectivity devices, application, and end-user as referenced above.

The countries covered in the internet of medical things market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominated the global IoMT market in 2020 and is expected to grow with a significant CAGR during the forecast period. The well-established healthcare infrastructure and IT industry is the factor that drives the market growth.

Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period due to growing awareness, changes in lifestyle, and improving diagnostic facilities.

The internet of medical things market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to internet of medical things market.

Some of the major players operating in the internet of medical things market are:

Siemens (Germany)
General Electric (U.S.)
Biotronik SE & Co. KG (Germany)
Medtronic (Ireland)
Boston Scientific Corporation (U.S.)
Hill-Rom Services, Inc. (U.S.)
Neurometrix, Inc. (U.S.)
Honeywell International Inc. (U.S.)
VitaConnect (U.S.)
EKso Bionics (U.S.)
BL Healthcare, Inc. (U.S.)
Koninklijke Philips N.V. (Netherlands)
Lenovo (China)
AliveCor, Inc. (U.S.)

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