Internet of Medical Things (IoMT) market is growing at a CAGR of 32.3% during 2024-31, Hardware segment holds 55.3% market revenue, North America Led 40.5% share of global market

The global Internet of Medical Things (IoMT) market reached US$ 49.82 billion in 2023 and is expected to reach US$ 459.78 billion by 2031, growing at a CAGR of 32.3% during the forecast period 2024-2031.

Download your exclusive sample report today: (corporate email gets priority access):https://www.datamintelligence.com/download-sample/internet-of-medical-things-iomt-market?pratik

The rise of wearable devices is significantly propelling the growth of the Internet of Medical Things (IoMT) market by promoting a shift towards personalized, preventive, and remote healthcare solutions. Wearables, including smartwatches and fitness trackers equipped with advanced sensors, facilitate continuous health monitoring by tracking vital signs such as heart rate, blood pressure, oxygen levels, and sleep patterns. This real-time data empowers individuals to proactively manage chronic conditions while enabling healthcare providers to offer more effective, data-driven care.

United States: Key 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 to improve chronic-disease management and reduce hospital readmissions.

✅ October 2025 - Leading medical-device firms partnered with telecom operators to roll out 5G-enabled IoMT platforms for remote diagnostics; pilot programs in California and New York demonstrated faster biosignal transmission for cardiology, diabetes care, and respiratory monitoring.

✅ September 2025 - Several U.S.-based cloud-health startups launched advanced IoMT analytics tools focused on predictive maintenance of connected medical devices; hospitals adopted these to minimize device downtime and enhance operational efficiency. ​

Germany: Key Industry Developments
✅ December 2025 - Global IoMT market data shows Europe holding approx. 28-29 % of global IoMT revenue, boosted by rising adoption of remote patient-monitoring devices, digital health integration, and investments in telehealth infrastructure.

✅ 2025 (ongoing) - Germany continues to lead in device adoption within Europe due to strong regulatory support - notably from initiatives under its digital-health framework - driving widespread deployment of connected medical devices across hospitals and clinics.

✅ 2025 (general trend) - The broader European medical-sensors market, which underpins IoMT, is expanding rapidly as hospitals and care centers increase investments in smart-hospital infrastructure, connected diagnostics, and remote-monitoring technologies.

Recent Merges & acquisition
→ January 26, 2025, a company named MindBio Therapeutics Corp. was acquired by Life AI Corp Pty Ltd for USD 53.4 million Lyra Health acquired Bend Health (2025), adding pediatric mental health expertise and expanding virtual outpatient care.​

→ October 2025, Empatica acquired PKG Health, a company offering movement-disorder algorithms and digital endpoints for neurological conditions. While Empatica works with wearables, this deal is oriented toward neurology rather than general IoMT platforms

Why Purchase the Report?

→ Pipeline & Innovations: Reviews ongoing clinical trials, product pipelines, and forecasts upcoming advancements in medical devices and pharmaceuticals.
→ Product Performance & Market Positioning: Analyzes product performance, market positioning, and growth potential to optimize strategies.
→ Real-World Evidence: Integrates patient feedback and data into product development for improved outcomes.
→ Physician Preferences & Health System Impact: Examines healthcare provider behaviors and the impact of health system mergers on adoption strategies.
→ Market Updates & Industry Changes: Covers recent regulatory changes, new policies, and emerging technologies.
→ Competitive Strategies: Analyzes competitor strategies, market share, and emerging players.
→ Pricing & Market Access: Reviews pricing models, reimbursement trends, and market access strategies.

"Secure your 30% year-end discount - get this report before the offer expires."
:https://www.datamintelligence.com/buy-now-page?report=internet-of-medical-things-iomt-market?pratik ((Purchase 2 or more Repots and get 50% Discount)

Market Segmentation-

Segmentation by Component
→ Hardware: This segment includes connected medical devices such as wearables, sensors, and implantable devices that collect real-time patient data for monitoring and diagnostics. It dominates the Internet of Medical Things (IoMT) market with an estimated share of 55.3% in 2025, driven by rising demand for chronic disease management and remote monitoring tools.​

→ Software: This encompasses data analytics platforms, clinical decision support systems, and mobile health applications that process and interpret data from IoMT devices. It holds a smaller portion compared to hardware, as the focus remains on physical device adoption over software alone.​

→ Services: These involve connectivity, maintenance, and integration services for IoMT ecosystems, supporting deployment and data security. Services trail hardware and software in share due to their supportive role in the overall market.​

Segmentation by Application
→ Patient Monitoring: This involves continuous tracking of vital signs using IoMT devices like wearables and sensors, enabling real-time alerts for healthcare providers. It leads applications with about 37.8% market share, fueled by telemedicine growth and chronic condition prevalence.​

→ Telemedicine: This segment facilitates remote consultations and virtual care through connected devices and platforms. It captures a significant but secondary share, supported by post-pandemic adoption and accessibility needs.​

→ Medication Management: Technologies here ensure adherence via smart dispensers and reminders linked to patient data. It represents a smaller segment, as monitoring and telehealth drive broader market expansion.

Regional insights:-

→ North America
North America holds approximately 40.5% market share in 2025, driven by robust IT infrastructure, high internet penetration, and leading medical device manufacturers. The U.S. dominates within this region, supported by FDA policies accelerating IoMT device approvals.​

→ Asia Pacific
Asia Pacific accounts for 23.8% market share in 2025 and is the fastest-growing region, fueled by rapid healthcare digitization, expanding infrastructure in countries like China and India, and rising adoption of smart medical devices.​

→ Europe
Europe follows as a key region with substantial IoMT adoption, though specific 2025 shares vary; it trails North America but benefits from strong healthcare systems and research activities.

Get Customization in the report as per your requirements:https://www.datamintelligence.com/customize/internet-of-medical-things-iomt-market?pratik

Competitive Landscape

The major global players in the Internet of Medical Things (IoMT) market include Boston Scientific Corporation, Koninklijke Philips N.V., GE HealthCare, Siemens Healthineers International AG, Medtronic, Honeywell International Inc., Johnson & Johnson, Abbott, ResMed, BIOTRONIK among others.Key Developments

Request for 2 Days FREE Trial Access:
https://www.datamintelligence.com/reports-subscription?pratik
✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

Have a look at our Subscription Dashboard:
https://www.youtube.com/watch?v=x5oEiqEqTWg

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 DataM Intelligence
DataM Intelligence is a renowned provider of market research, delivering deep insightsthrough pricing analysis, market share breakdowns, and competitive intelligence. Thecompany specializes in strategic reports that guide businesses in high-growth sectors suchas nutraceuticals and AI-driven health innovations.
To find out more, visit https://www.datamintelligence.com/ or follow us on Twitter,LinkedIn and Facebook.

This release was published on openPR.