United States IoT in Healthcare Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

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% during the forecast period (2024-2031).

Key Development:

United States: Recent Industry Developments

✅ In June 2025, the Federal Trade Commission (FTC) proposed new regulations in the U.S. to enhance data privacy and security for IoT devices in healthcare. These regulations aim to address concerns related to the collection and use of personal health data, ensuring better protection for patients.

✅ In May 2025, Omada Health, a digital health company specializing in chronic care, filed for an initial public offering (IPO) in the United States. The San Francisco-based firm, which previously raised $192 million in a Series E funding round in 2022, reported a 38% increase in revenue to $169.8 million in 2024 and a 56.6% year-over-year revenue boost to $55 million in the first quarter of 2025.

Japan: Recent Industry Developments

✅ In July 2025, Japan's smart home healthcare market is expanding, with nearly nine million Japanese residences qualifying as "smart homes." This growth is attributed to accelerated population aging and world-class engineering prowess, creating a vast launchpad for sensor-rich, service-oriented medical solutions.

✅ In June 2025, SoftBank Group launched a joint venture with Tempus AI to analyze personal medical data using artificial intelligence (AI) to provide treatment recommendations. Each party contributed 15 billion yen ($93 million) to the venture, aiming to close the deal by July.

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IoT in Healthcare refers to the integration of connected devices and sensors that collect, transmit, and analyze health-related data in real time. It enables remote patient monitoring, predictive analytics, enhanced diagnostics, and improved care coordination, enhancing efficiency, patient outcomes, and personalized healthcare delivery.

Recent Mergers and acquisitions

United States: Recent M&A Activity in IoT Healthcare

✅ In July 2025, Samsung Electronics acquired Xealth, a U.S.-based healthcare platform. This strategic move aims to integrate Samsung's wearable technology with Xealth's platform, which connects over 500 U.S. hospitals with patients, thereby enhancing digital health services.

✅ In May 2025, Bain Capital reached a $2.6 billion deal to acquire U.S. healthcare software firm HealthEdge from Blackstone. HealthEdge provides advanced software solutions to modernize systems for 115 U.S. health insurers, covering over 110 million lives.

✅ In March 2025, AdventHealth completed the acquisition of ShorePoint Health System for $260 million. The deal includes a fully operational hospital in Port Charlotte, Florida, along with several outpatient clinics and additional facilities, aiming to boost patient access and service quality in the region.

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.

Growth Forecast Projected:

The Global IoT in Healthcare Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global IoT in Healthcare Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Component: Medical Devices, Systems and Software, Services
➥ By Application: 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

Regional Analysis 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among IoT in Healthcare producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze IoT in Healthcare revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the IoT in Healthcare Market?

A: In 2022, the IoT in Healthcare Market was valued at USD 120.2 billion, reflecting its strong industry presence.

Q2: How large is the IoT in Healthcare Market expected to be by 2031?

A: By 2031, industry forecasts suggest the IoT in Healthcare Market will grow to around USD 390.2 billion , demonstrating significant expansion.

Q3: What is the growth rate of the IoT in Healthcare Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 16.4% during the forecast period from 2024 to 2031.

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