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Internet Of Medical Things (IoMT) Market Share, Opportunities Analysis, Recent Trends, Regional Growth And Outlook By 2033
Internet Of Medical Things (IoMT) Market
As per the report, the internet of medical things (iomt) market size has grown exponentially in recent years. It will grow from $64.48 billion in 2023 to $79.64 billion in 2024 at a compound annual growth rate (CAGR) of 23.5%. The internet of medical things (iomt) market size is expected to see exponential growth in the next few years. It will grow to $192.02 billion in 2028 at a compound annual growth rate (CAGR) of 24.6%.
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The Surge Of Connected Medical Devices Fuels Growth In The Internet Of Medical Things Market
The increasing use of connected medical devices is expected to propel the growth of the internet of medical things (IoMT) market going forward. Connected medical devices are equipment that can communicate and share data or other systems, often through wireless technology, for monitoring, diagnosing, or treating patients. Connected devices enhance real-time patient monitoring, streamline data collection and improve healthcare delivery by enabling IoMT technologies, leading to improved patient outcomes, reduced hospitalizations and greater operational efficiency in healthcare systems. For instance, in June 2021, according to a survey released by Statistics Canada, a Canada-based government agency, in 2020, one-quarter of Canadians (25%) used the Internet to track their fitness or health, such as to count steps or make meal plans, while over two-thirds (69%) used it to look for health-related information. In addition, 14% of Canadians reported using a wearable smart gadget with Internet access, such as a smartwatch, FitBit, or glucose monitor. Therefore, the increasing use of connected medical devices drives the growth of the internet of medical things (IoMT) market.
Focus On Innovation In Airway Monitoring System (IOMT) Technology For Infant Care
Major companies operating in the internet of medical things (IoMT) market are focused on adopting new technological and connectivity solutions to sustain their position in the market. For instance, in May 2021, Medtronic PLC, an Ireland-based medical device company providing internet of medical things (IoMT) technology, launched the SonarMed airway monitoring system. It continuously checks for obstruction of the endotracheal tube and its position in newborns and infants, giving clinicians immediate access to helpful information. The first and only system of its kind, SonarMed, tests for endotracheal tube (ETT) obstruction and confirms position in real-time, giving doctors the vital data they need to make better informed, life-saving decisions for their youngest patients.
The internet of medical things (iomt) market covered in this report is segmented -
1) By Device Type: Wearable Devices; Stationary Devices; Implantable Devices; Other Devices
2) By Application: Data Assortment And Analysis; Real-Time Monitoring; Remote Medical Assistance; Tracking And Alerts; Other Applications
3) By End User: Healthcare Providers; Patients; Government Authorities; Other End Users
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Major players in the internet of medical things (iomt) market are Google LLC, Microsoft Corporation, Johnson & Johnson Services Inc., Siemens Healthineers AG, Roche Diagnostics Corporation, Cisco Systems Inc., Qualcomm Life Inc., Abbott Laboratories, Oracle Corporation, Honeywell International Inc., Medtronic PLC, Becton Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Zebra Technologies Corp., Smith & Nephew PLC, Otsuka America Pharmaceutical Inc., ResMed Inc., AptarGroup Inc., DexCom Inc., Masimo Corporation, iRhythm Technologies Inc., Merative L.P., Capsule Technologies Inc., Owlet Baby Care Inc., AgaMatrix Inc., AliveCor.
Contents of the report:
1. Executive Summary
2. Internet Of Medical Things (IoMT) Market Report Structure
3. Internet Of Medical Things (IoMT) Market Trends And Strategies
4. Internet Of Medical Things (IoMT) Market - Macro Economic Scenario
5. Internet Of Medical Things (IoMT) Market Size And Growth
…..
27. Internet Of Medical Things (IoMT) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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