Internet Of Things (IoT) In Healthcare Market Anticipated To Witness Robust Growth, Surpassing $616.29 Billion By 2029

The Internet Of Things (IoT) In Healthcare Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Internet Of Things (IoT) In Healthcare Market Size and Its Estimated Growth Rate?
The size of the healthcare market for the internet of things (IoT) has seen incredible growth in the past few years. The market, valued at $231.71 billion in 2024, is projected to reach $282.23 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 21.8%. The observed growth during the historic period is primarily due to economic developments in emerging markets, a surge in chronic disease cases, and a rise in internet accessibility.

Projected trends show that the market size for the Internet of Things (IoT) within the healthcare sector is set to witness substantial growth in the coming years, potentially reaching a value of $616.29 billion by 2029 with a compound annual growth rate (CAGR) of 21.6%. This predicted growth during the forecast period can be linked to various factors including the escalating use of smart devices and wearable technology in the healthcare industry, the rise in the elderly population, and the increasing integration of digital transformation in healthcare services. Notable trends expected during this forecast period consist of technological innovations, the introduction of telemedicine, the implementation of edge computing technology, the embrace of real-time health monitoring systems, new product launches, and partnership or collaboration initiatives.

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How Are Emerging Segments Shaping the Internet Of Things (IoT) In Healthcare Market Landscape?
The internet of things (IoT) in healthcare market covered in this report is segmented -

1) By Component: Medical Devices, Systems And Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Near Field Communications, Satellite, Bluetooth, Zigbee
3) By Application: Telemedicine, Clinical Operations And Workflow Management, Inpatient Monitoring, Medication Management, Connected Imaging, Other Applications
4) By End Users: Clinical Research Organizations, Government Institutions, Research And Diagnostic Laboratories, Hospitals And Clinics, Other End Users

Subsegments:
1) By Medical Devices: Wearable Devices, Remote Patient Monitoring Devices, Implantable Devices, Diagnostic Equipment
2) By Systems And Software: Health Information Systems (HIS), Electronic Health Records (EHR), Cloud-based IoT Platforms, Data Analytics Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Education Service

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Which Growth Factors Are Influencing Internet Of Things (IoT) In Healthcare Market Expansion?
The surge in digital transformation uptake is anticipated to boost the growth of the Internet of Things in the healthcare sector. When we talk about the digital transformation of the healthcare sector, we refer to its evolution via various technologies and digital care initiatives to provide improved service to patients through healthcare advancements. Digital transformation in healthcare has led to an increase in the use of numerous technologies, like artificial intelligence. According to 81% of health care decision-makers, their organization's digital transformation progress is picking up speed, and 93% say they are innovating with a sense of urgency and a call to action this year. For example, the GOV.UK reported a 19% growth in the government digital and data profession from April 2022 to April 2023, effectively satisfying key digital skills needs. As such, the rising acceptance of digital transformation in healthcare serves to propel the expansion of the Internet of Things in the healthcare market.

Who Are the Dominant Players Across Different Internet Of Things (IoT) In Healthcare Market Segments?
Major companies operating in the internet of things (IoT) in healthcare market include IBM Corporation, Microsoft Corporation, Koninklijke Philips N.V, GE Healthcare, Cisco Systems Inc., SAP SE, Medtronic PLC, Siemens Healthiness GmbH, Intel Corporation, Comarch, Lenovo Healthcare Information Technology, China Unicom Ltd., MyrIoTa, NTT Communications, HCL technologies Harbinger system, Aeron Systems, FuGenX Technologies Pvt. Ltd, Fuji Electric Systems Co., Ltd, Mediatek Inc., Huawei, Telkom Indonesia, Xiaomi Inc., Apteki+, Insilico Medicine, Gero, Alibaba Group Holding Ltd., Bioserenity, Orange Business Services, Robert Bosch GmbH Singtel, Infineon Technologies, BIoTronik, Coimbra Genomics, Doctoralia, Emperra, Exovite, Genexyx, NeurNation, Psious, Px Healthcare, TrialReach, XtremeVRI, Skin Analytics, Babylon Health, Cambridge Cognition, DeepMind Technologies, BenevolentAI, Renalytix AI, Exscientia, Iktos, Novartis, Care Mentor AI, MediSensum, Botkin, Ardigen, Hill-Rom Services, Inc., Oracle Corporation, Altizon Systems, Qualcomm Technologies Inc, Fire Eye Inc., STANLEY Healthcare, TeleMD, Webiomed, Senseonics Holdings Inc, TeleTracking Technologies Inc, Honeywell Lifecare Solutions, Deep Genomics, Cyclica, Boston Scientific Corporation, Health Care Originals, Dacadoo, Healthbank, SilverCloud, Diagnocat, Hewlett Packard Enterprise UAE, Nutrino.

What Internet Of Things (IoT) In Healthcare Market Trends Are Gaining Traction Across Different Segments?
Leading companies in the healthcare sector's Internet of Things (IoT) market are pioneering new solutions such as cloud-based platforms to elevate patient monitoring, improve data handling, and promote remote healthcare services. These cloud-based platforms are online services that efficiently store and manage data on distant servers, which lets users access applications and data via the internet. This advancement enables seamless collaboration, scalability, and instant data sharing without the requirement for local infrastructure. In November 2023, for instance, Philips- a tech company based in the Netherlands, introduced HealthSuite Imaging, an advanced cloud-based PACS platform at #RSNA23. Philips HealthSuite Imaging is a cutting-edge cloud-based PACS (Picture Archiving and Communication System) that assures secure access to diagnostic tools and reports for radiologists from everywhere. It boasts of AI-powered workflow management, thus simplifying clinical processes to boost operational efficiency and patient care.

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Which Geographic Regions Are Expected to Dominate the Internet Of Things (IoT) In Healthcare Market in the Coming Years?
North America was the largest region in the Internet of Things (IoT) in the healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the Internet of things (IoT) in the healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Internet Of Things (IoT) In Healthcare Market?
2. What is the CAGR expected in the Internet Of Things (IoT) In Healthcare Market?
3. What Are the Key Innovations Transforming the Internet Of Things (IoT) In Healthcare Industry?
4. Which Region Is Leading the Internet Of Things (IoT) In Healthcare Market?

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