Global Internet Of Medical Things (IoMT) Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Internet Of Medical Things (IoMT) 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 Internet Of Medical Things (IoMT) Market Size and Projected Growth Rate?
The market size for the internet of medical things (IoMT) has seen incredible growth in the past few years. It is projected to inflate from $79.64 billion in 2024 to $97.73 billion in 2025, boasting a compound annual growth rate (CAGR) of 22.7%. The notable expansion during the historic period is largely due to factors such as an aging population, enhanced network connectivity, increased investment in the healthcare sector, and various government initiatives.

The size of the internet of medical things (IoMT) market is predicted to expand exponentially in the coming years, reaching a staggering $244.4 billion by 2029, with a compound annual growth rate (CAGR) of 25.8%. Factors contributing to this expansion during the forecast period include the launch of 5G networks, increased use of telemedicine, high incidence of chronic diseases, a surge in popularity of wearable devices, and a rise in the acceptance of electronic health records. The forecast period is also expected to witness major developments such as remote surgeries, predictive healthcare, breakthroughs in healthcare technology, the incorporation of artificial intelligence (AI) and machine learning (ML), and the evolution of smart hospitals.

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What Are the Major 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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What Are The Driving Internet Of Medical Things (IoMT) Market Evolution?
The escalating utilization of connected healthcare devices is projected to stimulate growth within the internet of medical things (IoMT) market. Connected healthcare devices include equipment with the capacity to share data or communicate with other systems, frequently through wireless technology, which are critical for patient diagnosis, monitoring and treatment. These connected devices boost real-time patient monitoring, optimize data collection, and refine healthcare delivery by implementing IoMT technologies, resulting in enhanced patient results, reduced hospital stays, and heightened operational efficacy in healthcare systems. For instance, the National Health Service, a UK-based government department, reported in December 2022 that during 2021/22, there were 21.8 million X-ray tests (an increase of 30%), 10.1 million ultrasound exams (up by 23%), 6.7 million CT scans (21% increase), and 3.8 million MRI scans (up by 28%). There were also increases in other imaging modalities: fluoroscopy increased by 23%, nuclear medicine by 22%, SPECT by 39%, PET-CT scans by 20%, and medical photography by 11%. Thus, the growth of the internet of medical things (IoMT) market is being fuelled by the rising usage of connected medical devices. Internet Of Medical Things (IoMT) Market Driver: Escalating IoT Adoption Boosts Internet Of Medical Things Market Growth

Which Firms Dominate The Internet Of Medical Things (IoMT) Market Segments?
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 Trends Are Driving Growth in The Internet Of Medical Things (IoMT) Market?
Large corporations active in the Internet of Medical Things (IOMT) market are prioritizing the adoption of innovative technological solutions, like AI-powered cath labs, to tackle the prevalence of cardiovascular disease in India. An AI-powered cath lab is a uniquely equipped medical facility with advanced imaging technology and artificial intelligence, boosting the accuracy and effectiveness of cardiac procedures, enabling real-time tweaking of imaging parameters, and assisting in less invasive interventions. For instance, in September 2022, GE HealthCare Technologies Inc., an American medical technology enterprise, introduced its inaugural AI-driven cath lab, the Optima IGS 320, with the intent to boost cardiac care in India. Constructed at a newly established factory in Bengaluru as part of the Production Linked Incentive (PLI) scheme, the Cath lab employs GE's exclusive AutoRight technology powered by Edison to make real-time adjustments to imaging and dosage parameters. This breakthrough specifically addresses the growing problem of cardiovascular diseases in India, especially in younger demographics, by enabling less invasive procedures. The Optima IGS 320 aids interventional cardiologists with intelligent imaging, enhancing accuracy and simplifying the overall procedural difficulty.

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Which Is The Largest Region 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.

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

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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