United States Internet of Medical Things (IoMT) Market to Reach 2031 Value, Growing at a CAGR of 30.2%

Leander, Texas, United States - Nov. 17. 2025 "The Internet of Medical Things (IoMT) Market was valued at US$ 49.82 billion in 2023 and is projected to reach US$ 459.78 billion by 2031, growing at a CAGR of 32.3% during the forecast period 2024-2031."

The Internet of Medical Things (IoMT) Market is driven by the increasing adoption of connected medical devices that enable real-time patient monitoring, diagnostics, and data sharing. Market growth is supported by advancements in telemedicine, rising demand for remote healthcare, and integration of AI, cloud, and wearable technologies to improve clinical outcomes.

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☛ United States: Recent Industry Developments

✅ November 2025: U.S. healthcare providers expanded large-scale IoMT deployments integrating wearable monitors, connected infusion pumps, and AI-driven patient tracking systems. These solutions aim to reduce hospital readmissions and improve chronic disease management. Major tech firms also introduced enhanced cybersecurity layers to protect sensitive medical data across IoMT networks.

✅ October 2025: Leading medical device companies partnered with telecom operators to roll out 5G-enabled IoMT platforms for remote diagnostics. The systems support real-time biosignal transmission, enabling faster clinical decisions in cardiology, diabetes care, and respiratory monitoring. Pilot programs in California and New York showed promising patient outcomes.

✅ September 2025: Cloud-health startups launched advanced IoMT analytics platforms for predictive maintenance of connected medical devices. Hospitals adopted these tools to minimize device downtime and enhance operational efficiency. The integration of AI-based anomaly detection significantly improved equipment reliability and patient safety.

☛ Japan: Recent Industry Developments

✅ November 2025: Japan introduced nationwide IoMT initiatives connecting elderly care homes with remote patient monitoring hubs. Using smart wearables and continuous vital-sign tracking, the program helps manage aging population needs while reducing burden on healthcare staff. The rollout aligns with Japan's digital health reform efforts.

✅ October 2025: Panasonic Healthcare unveiled next-generation IoMT-enabled diagnostic devices designed for seamless integration with hospital information systems. These devices support automated data transfer, reducing manual errors and boosting care accuracy. Early trials showed improved workflow efficiency in major hospitals.

✅ September 2025: Fujitsu partnered with municipal hospitals to deploy AI-enhanced IoMT platforms for early detection of stroke and heart conditions. The system collects real-time patient data via connected sensors and analyzes patterns to alert clinicians. The initiative strengthens emergency response and preventive healthcare capabilities across Japan.

☛ Core Catalysts Behind Market Growth:

Rising adoption of connected medical devices for real-time monitoring and diagnostics is driving the growth of the Internet of Medical Things (IoMT) market.

Increasing prevalence of chronic diseases and the need for continuous patient monitoring are accelerating the integration of IoMT solutions in hospitals and homecare.

Advancements in wireless communication, cloud computing, and AI analytics are enhancing device interoperability, data accuracy, and clinical decision-making.

Supportive government initiatives, digital health policies, and investments in telemedicine infrastructure are further boosting IoMT adoption globally.

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☛ Market Segmentation:

By Component:
The Internet of Medical Things (IoMT) Market is divided into Hardware and Software. Hardware including wearable devices, stationary devices, implantable devices, and others dominates the market due to increasing adoption of connected health devices for continuous monitoring and diagnostics. Wearable devices lead within hardware, driven by rising use of smart health trackers, glucose monitors, cardiac patches, and remote patient monitoring tools. Software covering device management and application management is expanding rapidly as healthcare systems integrate IoT platforms for analytics, interoperability, and workflow automation.

By Application:
The market covers Telemedicine, Clinical Operations & Workflow Management, Smart Labs, Patient Monitoring, Remote Patient Monitoring, Healthcare Devices, Heart-rate Monitoring, and Others. Patient Monitoring and Remote Patient Monitoring hold the major share, fueled by the rise in chronic diseases, home-based care, and connected monitoring devices. Telemedicine is another fast-growing segment, supported by digital transformation and demand for virtual consultations. Smart Labs and workflow management solutions are gaining traction as hospitals adopt IoT-driven automation and real-time data systems.

By End-User:
Key end-users include Healthcare Providers, Homecare, Clinics, Research Institutes, and Others. Healthcare Providers form the largest segment due to adoption of connected devices for diagnostics, treatment monitoring, and operational efficiency. Homecare is witnessing strong growth driven by aging populations and demand for home-based chronic care management. Clinics and research institutes are increasingly using IoMT systems for diagnostics, trials, data analytics, and medical research.

☛ Competitive Landscape:

Medtronic - A global leader in connected medical devices, offering advanced IoMT enabled solutions for remote monitoring, chronic disease management, and smart therapeutic systems.

Koninklijke Philips N.V. - Specializes in integrated IoMT platforms that connect imaging systems, patient monitors, and wearables to enhance clinical decision-making and hospital workflow efficiency.

Siemens Healthineers International AG - Provides IoMT-driven diagnostic and monitoring technologies with strong data analytics capabilities to support precision medicine and predictive care.

GE HealthCare - Delivers robust IoMT solutions combining medical imaging, patient monitoring, and real-time connectivity to optimize clinical operations and patient outcomes.

Boston Scientific Corporation - Develops connected implantable devices and remote monitoring technologies aimed at improving cardiovascular and neurological care through continuous data insights.

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☛ Regional Analysis:

North America: Leads the Internet of Medical Things market due to advanced healthcare infrastructure, high adoption of connected medical devices, and strong presence of leading technology and medical device companies. Growing investments in remote monitoring, telehealth, and AI-integrated medical solutions further boost regional growth.

Europe: Shows steady growth supported by strong regulatory frameworks, increasing digital health initiatives, and rising adoption of smart medical devices in countries such as Germany, the U.K., and France. Focus on improving patient outcomes and healthcare efficiency drives IoMT adoption.

South America: Experiences gradual growth fueled by expanding telemedicine usage, increasing healthcare modernization, and rising government interest in digital health solutions, particularly in Brazil and Argentina.

Asia-Pacific: Fastest-growing region driven by large patient populations, rapid digitalization in healthcare, and significant government investments in smart hospitals and connected medical technologies. Countries like China, India, Japan, and South Korea are leading adopters.

Middle East and Africa: Emerging market supported by rising healthcare infrastructure development, increasing adoption of remote patient monitoring, and growing investment in digital health initiatives across GCC countries and South Africa.

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