Press release
IoT in Healthcare Market Expands Due to Growth in Connected Medical Devices 2024-2031 | Medtronic, Cisco Systems, Inc., IBM Corporation, GE Healthcare
The Global IoT (Internet of Things) In Healthcare Market reached USD 120.2 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 390.2 billion by 2031. The global IoT in healthcare market is expected to exhibit a CAGR of 16.4%The latest IoT in Healthcare market research report from DataM Intelligence delivers a comprehensive analysis of the global IoT in Healthcare Market landscape, highlighting emerging trends, market size, competitive dynamics, and key growth drivers. By leveraging advanced analytics, technology trend mapping, and regulatory assessment, the report highlights emerging growth drivers, evolving care models, and investment opportunities. It equips stakeholders with strategic intelligence essential for navigating the complex healthcare ecosystem from clinical innovation to operational efficiency across the forecast period 2024-2031.
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Comprehensive Insight into IoT in Healthcare Market
This market involves interconnected medical devices and sensors that collect and share real-time health data. The rapid growth is fueled by increased use of remote patient monitoring, smart diagnostics, and connected care platforms.
Key Players:
Medtronic, Cisco Systems, Inc., IBM Corporation, GE Healthcare, Microsoft Corporation, SAP SE, Infosys Limited, Cerner Corporation, QUALCOMM Incorporated, and Wipro ltd among others.
Important Mergers, Acquisitions, and Market Shifts:
☑ In July 2025, Nordic Capital purchased U.S.-based data analytics company Arcadia (used by insurers and providers like Aetna and Johns Hopkins Medicine), aiming to expand its AI-enabled healthcare analytics capabilities and explore strategic regional growth
☑ In early 2025, TELUS Health spent ~$500 million to acquire this global telehealth and wellness platform, enhancing its offerings in virtual care
☑ In February 2025, Augury (industrial IoT & AI for machine health) raised $75 million led by Lightrock, with participation from Qualcomm and Schneider Electric
☑ Morse Micro HaLowLink 1 Gateway: Released in Feb 2025, a long-range, energy-efficient Wi-Fi HaLow + Wi-Fi 4 gateway tailored for IoT (ideal for remote patient monitoring)
Market Drivers:
Integration of IoT in healthcare is gaining traction due to the growing use of connected devices for remote patient monitoring, real-time data tracking, and improved treatment outcomes.
IoT in Healthcare Market Segments
By Component (Medical Devices, Systems and Software, Services), By Application (Telemedicine, Telemedicine, Clinical Operations and Workflow Management, Connected Imaging, Inpatient Monitoring, Medication Management, Others), By End User (Hospitals and Clinics, Clinical Research Organizations, Research and Diagnostic Laboratories, Others)
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Methodology and Scope:
This IoT in Healthcare Market report is developed using a robust research methodology that combines primary interviews, insights from industry experts, and verified secondary sources such as company filings, trade journals, and trusted databases. It follows a bottom-up and top-down approach to ensure data accuracy through triangulation. The scope of the report covers current market trends, growth potential, and strategic developments across global and regional markets.
Regional Overview for IoT in Healthcare Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Report Includes:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.
People Also Ask:
➠ What are the global sales, production, consumption, imports, and exports in the IoT in Healthcare market?
➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?
➠ What key opportunities and challenges do vendors face in the IoT in Healthcare industry?
➠ Which product types, applications, or end-users are driving market growth, and what is their market share?
➠ What are the major growth drivers and restraints of the IoT in Healthcare market?
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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