Press release
A Deep Dive into Internet Of Medical Things (IoMT) Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Internet Of Medical Things IoMT Market Driver
The internet of medical things (IoMT) market will grow from $79.64 billion in 2024 to $97.73 billion in 2025, at a CAGR of 22.7%. The growth in this sector is driven by an aging population, increased network connectivity, growing investment in healthcare, and government initiatives.
The Internet of Medical Things (IoMT) market will grow to $244.4 billion by 2029 at a CAGR of 25.8%, driven by the rollout of 5G networks, telemedicine, chronic diseases, wearable devices, and electronic health records. Trends include remote surgery, predictive healthcare, AI/ML integration, and smart hospitals.
What Is Contributing to the Growth of the Internet Of Medical Things (IoMT) Market?
The increasing use of connected medical devices is expected to drive the growth of the Internet of Medical Things (IoMT) market. Connected medical devices enhance patient monitoring and healthcare delivery by providing real-time data and improving patient outcomes. The growing reliance on connected devices for diagnostics and treatment will lead to expanded use of IoMT technologies in healthcare systems worldwide.
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Which Key Market Leaders Are Driving Internet Of Medical Things (IoMT) Industry Growth?
Major companies operating 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.
What Are the Major Trends Shaping the Internet Of Medical Things (IoMT) Market?
Major companies in the Internet of Medical Things (IOMT) market are adopting AI-driven technological solutions to improve cardiovascular care. AI-enabled cath labs enhance imaging precision and facilitate minimally invasive cardiac procedures. For example, in September 2022, GE HealthCare Technologies, Inc., a US-based medical technology company, introduced the Optima IGS 320, its first AI-enabled cath lab in India. Built under the PLI scheme, the Optima IGS 320 features AutoRight technology, optimizing imaging and dose parameters in real-time to support interventional cardiologists with advanced imaging capabilities.
What Are the Main Segments in the Internet Of Medical Things (IoMT) Market?
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
Subsegments:
1) By Wearable Devices: Smartwatches, Fitness Trackers, Health Monitoring Patches, Wearable ECG Monitors
2) By Stationary Devices: Smart Beds, Vital Sign Monitors, Connected Diagnostic Equipment, Telehealth Stations
3) By Implantable Devices: Pacemakers, Continuous Glucose Monitors, Neurostimulators, Drug Delivery Systems
4) By Other Devices: Home Health Monitoring Devices, Connected Inhalers, Medication Adherence Devices, Smart Thermometers
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Which Geographic Area Leads the Internet Of Medical Things (IoMT) Market?
North America was the largest region in the internet of medical things (IoMT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in internet of medical things (IoMT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Internet Of Medical Things (IoMT) Global Market Report?
- Market Size Analysis: Analyze the Internet Of Medical Things (IoMT) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Internet Of Medical Things (IoMT) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Internet Of Medical Things (IoMT) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Internet Of Medical Things (IoMT) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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