Internet of Medical Things (IoMT) Market Share, Key Trends, Growth Drivers, and Forecast for 2025 - 2031

Diligence Insights has released its latest study on the Global Internet of Medical Things (IoMT) Market Share, Key Trends, Growth Drivers, and Forecast for 2025 - 2031 Market, highlighting key trends, drivers, and market forecasts.

The global internet of medical things (IoMT) market size was valued at $277.29 billion in 2025 and is projected to reach $836.30 billion by 2031, growing at a CAGR of 20.2% during the forecast period. North America holds the largest share of the internet of medical things (IoMT) market, driven by several key factors, including advanced healthcare infrastructure, a high prevalence of chronic diseases, and strong governmental support for innovative healthcare solutions.

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The Internet of Medical Things (IoMT) refers to a network of interconnected devices and applications specifically designed for healthcare purposes, enabling the collection, transmission, and analysis of medical data. IoMT encompasses a wide range of devices, including wearables, remote monitoring systems, and diagnostic equipment, which facilitate real-time patient monitoring and enhance the quality of care. By leveraging IoMT technologies, healthcare providers can significantly improve patient outcomes through timely interventions based on continuous health data.

Companies can benefit from IoMT by streamlining operations, reducing costs associated with unnecessary hospital visits, and enhancing patient engagement through personalized care. Additionally, the integration of IoMT can lead to more efficient resource management, as automated systems track medical supplies and equipment usage, minimizing waste. As the healthcare landscape evolves, the adoption of IoMT not only transforms patient care but also opens new avenues for research and development, ultimately driving innovation within the industry.

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Increasing Demand for Remote Patient Monitoring (Rpm) and Chronic Disease Management is Driving the Internet of Medical Things (IoMT) Market

The increasing demand for remote patient monitoring (RPM) and chronic disease management is significantly impacting the internet of medical things (IoMT) market, driving innovation, enhancing product offerings, and expanding market opportunities for various companies.
• Companies like Philips have launched products such as the Philips HealthSuite, which integrates IoMT technologies to provide comprehensive remote monitoring solutions for patients with chronic conditions, thereby improving patient engagement and health outcomes.
Government initiatives have played a crucial role in promoting the adoption of RPM and IoMT. This policy shift has significantly increased the use of connected devices in healthcare settings, contributing to a reported 76% reduction in hospital readmissions due to effective RPM practices. Overall, the convergence of technological advancements, supportive government policies, and innovative product launches is driving the growth of the IoMT market, positioning it as a critical component of modern healthcare delivery systems.

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By Application, the Telemedicine Segment is projected to be the Largest Segment in the Internet of Medical Things (IoMT) Market

Telemedicine is the largest segment in the internet of medical things (IoMT) market, driven by the rising demand for remote healthcare solutions and advancements in technology.
• Companies like Teladoc Health have expanded their telehealth services, which integrate IoMT technologies to facilitate remote consultations and continuous patient monitoring, significantly enhancing patient access to care.
• In addition, Philips has launched its Philips HealthSuite platform, which supports telemedicine by enabling healthcare providers to monitor patients remotely through connected devices, thereby improving chronic disease management.
Government initiatives also play a crucial role;
• For instance, the Centers for Medicare & Medicaid Services (CMS) in the U.S. expanded reimbursement policies for telehealth services in 2022, promoting the adoption of telemedicine solutions that leverage IoMT technologies.
This supportive regulatory environment has led to increased investments in telehealth infrastructure and devices, further driving the segment's growth. Overall, the convergence of technological advancements, innovative product launches, and favorable government policies is propelling the telemedicine segment within the IoMT market, making it a critical component of modern healthcare delivery systems.

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Some of the Players in the market are:

• Apple, Inc.
• Boston Scientific Corporation
• Biotronik SE & Co. KG
• Cisco Systems, Inc.
• General Electric Company
• Honeywell International Inc.
• IBM Corporation
• Johnson & Johnson Services, Inc.
• Koninklijke Philips N.V.
• Lenovo Group Ltd.
• Medtronic plc
• Neurometrix, Inc.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

CONTACT:
Andrew Nowik
info@diligenceins.com

About Diligence Insights:

Diligence Insights is a leading market intelligence and advisory firm committed to delivering insights that uncover the subtle shifts capable of reshaping entire industries. We specialize in identifying the "butterfly effects" that can significantly influence market dynamics. Our comprehensive research reports offer exclusive data, in-depth analysis, key industry trends, and a detailed view of the competitive landscape-empowering businesses to make informed, strategic decisions.

This release was published on openPR.