The Surge Of Connected Medical Devices Fuels Growth In The Internet Of Medical Things Market Driver: A Major Catalyst in the Evolution of the Internet Of Medical Things (IoMT) Market in 2025

What market dynamics are playing a key role in accelerating the growth of the internet of medical things (iomt) market?
The growth of the Internet of Medical Things (IoMT) market is expected to be propelled by the rising utilization of connected medical devices. These devices, that can share and communicate data through wireless technology, are often used for diagnosing, treating and monitoring patients. By enabling IoMT technologies, connected devices increase real-time patient monitoring, streamline data gathering, and uplift healthcare delivery. Consequently, hospitalizations are reduced, better patient outcomes are achieved, and healthcare systems operate more efficiently. For example, in December 2022, the UK's National Health Service reported that in the 2021/22 period, tests using X-rays topped at 21.8 million (a 30% increase), followed by ultrasound tests at 10.1 million (a 23% increase), CT scans at 6.7 million (a 21% increase), and MRI scans at 3.8 million (a 28% increase). Other imaging modalities also saw growth with fluoroscopy up by 23%, nuclear medicine by 22%, SPECT by 39%, PET-CT scans by 20%, and medical photography by 11%. This amplifies that the rising use of medical connected devices is fueling the growth of the IoMT market. Driver for the IoMT Market: IoT Adoption Fuels IoMT Market Growth

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How will the growth rate of the internet of medical things (iomt) market shape industry trends by 2034?
In recent times, the Internet of Medical Things (IoMT) market has experienced exponential growth. The market size is set to increase from $79.64 billion in 2024 to $97.73 billion in 2025, with a compound annual growth rate (CAGR) of 22.7%. The growth during the historical period has been driven by factors such as an aging population, improved network connectivity, heightened investment in healthcare, and various government initiatives.

The projected growth of the Internet of Medical Things (IoMT) market size is set to skyrocket in the coming years. By 2029, the market's valuation will likely surge to a staggering $244.4 billion with an expected Compound Annual Growth Rate (CAGR) of 25.8%. This potential growth within the forecast period can be attributed to various factors such as the 5G rollout, the expansion of telemedicine services, the increasing prevalence of chronic illnesses, the rising popularity of wearable devices, and the heightened adoption of digital health records. During the forecast period, key trends that will shape the market include advancements in remote surgeries and predictive healthcare, modern healthcare technology, integration of Artificial Intelligence (AI) and Machine Learning (ML), as well as the emergence of intelligent hospitals.

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What trends are poised to drive the future success of the internet of medical things (iomt) market?
Key businesses in the IOMT (Internet of Medical Things) market are making a conscious effort to adopt innovative technological solutions such as AI-powered cath labs to tackle the cardiovascular disease issue in India. An AI-powered cath lab is a state-of-the-art medical facility that uses advanced imaging technology integrated with artificial intelligence to enhance the accuracy and effectiveness of heart procedures. It assists in live fine-tuning of imaging parameters and supports less invasive interventions. For example, GE HealthCare Technologies, Inc., an American medical technology corporation, unveiled its maiden AI-assisted cath lab, the Optima IGS 320, in September 2022, with the objective of improving heart care in India. The Cath lab, constructed in a fresh facility in Bengaluru under the Production Linked Incentive (PLI) program, incorporates GE's exclusive AutoRight technology powered by Edison, enabling real-time adjustment of imaging and dose parameters. This development caters to the growing cardiovascular disease problem in India, notably among the younger demographic, by encouraging less invasive procedures. The Optima IGS 320 offers interventional cardiologists with smart imaging, enhancing accuracy and simplifying the overall procedural process.

Which primary segments of the internet of medical things (iomt) market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.

Who are the influential players reshaping the internet of medical things (iomt) market landscape?
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.

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What Is Covered In The Internet Of Medical Things (IoMT) Global Market Report?

•Market Size Forecast: Examine the internet of medical things (iomt) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the internet of medical things (iomt) market for a structured understanding.
•Key Players Overview: Analyze major players in the internet of medical things (iomt) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the internet of medical things (iomt) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the internet of medical things (iomt) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the internet of medical things (iomt) market.
•Industry Challenges: Identify potential risks and obstacles affecting the internet of medical things (iomt) market.
•Competitive Landscape: Review strategic developments in the internet of medical things (iomt) market, including expansions, agreements, and new product launches.

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