Reports
Internet of Things (IoT) in Healthcare Market Report, 2026-2034
REPORT DETAILS
Report Code:
PM1212
No. of Pages:
120
Format:
PDF
Published Date:
Base Year:
2025
Author:
Prajakta Bengale
Historical Data:
2021-2024
REPORT DETAILS
Report Code:
PM1212
Published Date:
No. of Pages:
120
Historical Data:
2021-2024
Format:
PDF
Author:
Prajakta Bengale
Base Year:
2025
ABOUT THIS REPORT
Internet of Things (IoT) in Healthcare Market Share, Size, Trends, Industry Analysis Report; By Component (Medical device, System & software, Services); By Connectivity Technology; By End-User; By Application; By Region; Segment Forecast, 2026 - 2034
Internet of Things (IoT) in healthcare market size was valued at USD 174.87 billion in 2025. The market is anticipated to grow from USD 205.81 billion in 2026 to USD 775.47 billion by 2034, exhibiting a CAGR of 18.0% during the forecast period. The integration of IoT in healthcare aims to improve efficiency, reduce costs, enhance patient care quality, and enable real-time data-driven decision-making by healthcare providers.
Key Takeaways
- North America dominated the global Internet of Things (IoT) in healthcare market with the largest market share of 34.02% in 2025. Increased usage of telemedicine and e-reports in managing patients contributed to the dominance.
- The Asia Pacific market is expected to register the highest CAGR of 18.9% during 2026–2034. Rising demand for IoT due to the region's improved healthcare infrastructure supports the market growth.
- The medical devices segment dominated with 39.2% market revenue share in 2025. This is due to the widespread use of medical devices, driven by the growing need for effective and affordable ways to provide healthcare services.
- The cellular connectivity technology segment accounted for the largest share of 66.5% in 2025. The demand for this technology is high as it is a safer, quicker, and more convenient option for remote connectivity and monitoring.
- The hospitals, surgical centers, and clinics segment held the largest revenue share of 49.5% in 2025. IoT technologies help hospitals improve their operational and functional efficiency. Thus, their adoption is rising in these settings.
Note: Figures and projections outlined in this report are the result of Polaris Market Research’s proprietary analytical processes, grounded in the latest available datasets and market observations.
Market Statistics
- 2025 Market Size: USD 174.87 billion
- 2034 Projected Market Size: USD 775.47 billion
- CAGR (2026–2034): 18.0%
- North America: Largest market in 2025
Industry Dynamics
- The rising prevalence of chronic diseases, such as diabetes, cardiovascular disorders, and respiratory conditions, drives IoT adoption in healthcare. Connected devices help in continuous patient monitoring. Providers use these devices to detect complications early and improve treatment outcomes.
- Growing telehealth and remote patient monitoring services accelerate the demand for IoT-enabled healthcare solutions. Hospitals and clinics use smart devices to track patient vitals in real time. It reduces hospital visits and improves access to care.
- Increasing popularity of wearable medical devices, including smartwatches, fitness bands, and biosensors, is expected to offer lucrative opportunities in the coming years.
- Increasing demand for real-time monitoring and data-driven decision-making supports IoT integration across healthcare systems.
- Weak internet access and penetration rate, especially in underdeveloped and developing regions, hinder the market expansion.
- Rising investments in digital health infrastructure and government support for smart healthcare systems would strengthen market expansion.
AI Impact on IoT in Healthcare Market
- Artificial intelligence enhances predictive analytics. It analyzes real-time patient data from connected devices for early disease detection.
- The technology helps detect abnormal health patterns and sends instant alerts. It enables smarter remote patient monitoring.
- AI optimizes connected devices, asset tracking, and workflow management, enhancing hospital efficiency.
- AI supports personalized treatment plans. It uses data from wearables, biosensors, and patient health records.
- Virtual assistants, smart chatbots, and automated clinical support are integrated with AI. It strengthens telehealth services.
- AI improves data security and compliance as it supports better cybersecurity and healthcare data management.
What is IoT in Healthcare?
The IoT in healthcare is a network of interconnected sensors, devices, and systems that collect and exchange data within the healthcare infrastructure. These IoT devices are used to monitor patients remotely, track medical assets, manage inventories, and optimize healthcare delivery processes. Key applications include remote patient monitoring, telemedicine, medication management, and predictive maintenance of medical equipment. As technology advances, IoT continues to transform the healthcare industry by enabling more personalized and proactive patient care solutions.
 in Healthcare Market.png)
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IoT in the healthcare market is growing continuously, indicating a significant move toward proactive, data-driven patient care. The Internet of Things (IoT) in healthcare links all the equipment and devices and enables Internet-based data storage and transfer. Rising demand for automated remote patient care and linked medical equipment is driving the market expansion. During the last few years, the healthcare market has shifted towards electronic health record systems. The government is encouraged to invest in IoT to offer remote access to healthcare services due to the rapid advancement of technology. Therefore, government actions promoting technological advancement and adoption would propel the significant expansion of the Internet of Things (IoT) in healthcare sector. Some of the many uses for IoT include sophisticated medical systems for medication management and wearable Internet of Medical Things (IoMT) devices that measure health parameters in real time.
For instance, in November 2023, Fujitsu Spain signed a General Action Protocol with the Regional Government of Andalusia to establish a framework for collaboration and institutional cooperation on cybersecurity in healthcare, particularly in the Internet of Medical Things (IoMT), at a national and international level.
The Internet of Things (IoT) in healthcare market is expected to encounter difficulties regarding cybersecurity and data privacy. It holds the personal and medical data of patients, which makes it vulnerable to data breaches. Sensitive user data, including medical history, disease information, insurance details, and financial transaction data, can be exploited. Hence, the market for the technology is anticipated to have a negative impact on healthcare data.
However, the COVID-19 pandemic had a favorable impact on the Internet of Things (IoT) in healthcare industry, hastening the implementation of cutting-edge technology such as the IoT. Concerns about face-to-face interaction and social distancing policies drove a sharp increase in the demand for remote patient monitoring systems. For instance, in December 2022, eSanjeevani marked 80 million teleconsultations and has become the world’s largest government-owned telemedicine platform.
IoT in Healthcare: Major Use, Benefits, End Users, and Demand Drivers
|
Parameter |
Remote Monitoring |
Hospital IoT Systems |
Wearable Devices |
|
Definition |
Track patient health conditions from outside clinical settings |
Connected infrastructure and smart devices used within hospitals for operations and patient care |
Smart electronic devices worn by users to monitor health and fitness metrics |
|
Primary Use |
Chronic disease management, post-surgery follow-up, elderly care |
Smart beds, connected ventilators, asset tracking, patient flow management |
Heart rate tracking, sleep monitoring, activity tracking, glucose monitoring |
|
Key Benefits |
Reduces hospital visits, enables continuous monitoring, improves patient convenience |
Improves hospital efficiency, enhances patient safety, reduces operational costs |
Supports preventive care, promotes patient engagement, provides real-time health insights |
|
Common Devices |
Blood pressure monitors, pulse oximeters, glucose monitors, ECG monitors |
Smart infusion pumps, RFID asset trackers, connected ICU equipment, smart beds |
Smartwatches, fitness bands, wearable ECG patches, biosensor-enabled devices |
|
End Users |
Homecare patients, chronic disease patients, and healthcare providers |
Hospitals, clinics, and emergency care centers |
Individual consumers, fitness users, and chronic disease patients |
|
Market Growth Driver |
Rising telehealth adoption and aging population |
Smart hospital development and healthcare digitization |
Growing consumer health awareness and wearable technology adoption |
IoT in Healthcare Market Dynamics
Market Drivers
Rising Use of AI in IoT in Healthcare
The rising awareness among key players and patients worldwide regarding the Internet of Things (IoT) in the healthcare sector is increasing as connected technology permeates more aspects of everyday life. Linked medical devices and medical mobile applications (known as IoMT) are empowering healthcare providers with cutting-edge solutions, increased operational effectiveness, improved prediction, automation, and optimization, all leveraging artificial intelligence (AI). Healthcare practitioners may diagnose and anticipate illnesses in real time with the aid of AI-enabled IoT devices. For instance, in March 2024, Microsoft announced its collaboration with healthcare organizations and partners to integrate AI in healthcare.
Increase in Investments in IoT in Healthcare
Rise in investments and the adoption of digital technology in healthcare facilities are the main drivers of the Internet of Things (IoT) in healthcare market growth. The market is expected to increase as a result of the growing geriatric population, rising prevalence of chronic illnesses, and technological improvements. In addition, the rising market demand for smartphones driven by increasing affordability is anticipated to fuel IoT in healthcare's expansion and enhance data security. For instance, in January 2024, British healthcare and health insurance provider Bupa invested heavily in IoT and artificial intelligence (AI) infrastructure, focusing on vertical integration made possible by its exceptional position as payor and payee.
Market Restraints
Weak Internet Access and Penetration Rate
Weak internet access is majorly an obstacle to the adoption of IoT solutions in the healthcare sector. Consumers such as elderly patients, people with poor literacy rates, and people living in rural regions are more likely to have underdeveloped internet facilities and weak internet accessibility. This causes hindrance in implementing the IoT in healthcare sector in full fledge. For instance, in February 2023, Cubans suffered from painfully slow internet due to underdeveloped internet and Wi-Fi services, which are never speedy.
 in Healthcare Market1.png)
Report Segmentation
The Internet of Things in healthcare market is primarily segmented based on component, connectivity technology, end-user, application, and region.
|
By Component |
By Connectivity technology |
By End-User |
By Application |
By Region |
|
|
|
|
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IoT in Healthcare Market Segmental Analysis
By Component Analysis
The medical devices segment dominated the market due to the widespread use of medical devices as a result of the growing need for effective and affordable ways to provide healthcare services. For instance, Schneider Electric launched ‘EcoStruxure’- IoT-based solution for healthcare. IoT sensors integrated into medical equipment provide doctors with real-time health data and enable its monitoring. Furthermore, the need for linked medical devices in the healthcare industry is predicted to soar due to the expanding desire for self-monitoring gadgets like wearables. For instance, in August 2023 Bristol Health and CloudMD launched a Deviceless Remote Patient Monitoring Program for patients of Bristol Health.
The system & software segment is expected to grow at a healthy CAGR in the Internet of Things (IoT) in healthcare market during the forecast period. This is due to technical developments and investments in the creation of innovative linked solutions for the healthcare sector. Additionally, the category may grow as more health facilities use digital technology and linked systems.
By Connectivity Technology Analysis
The cellular connectivity technology segment accounted for the largest Internet of Things (IoT) in healthcare market share and is likely to retain its market position throughout the forecast period. Cellular technology enables the transfer of extensive amounts of data across great distances using enormous cellular networks. These are employed for remote patient monitoring in healthcare since they allow dissemination and real-time data collection to medical specialists. Therefore, it is adopted as a safer, quicker, and more convenient option for remote connectivity and monitoring. Technology integration also enhances medical equipment mobility, adaptability, and usage.
The low power wide area networks segment is anticipated to grow over the forecast period due to the ability of these networks to send small data over a long range within different medical devices. Their low power consumption makes them more suitable for emerging healthcare devices and wireless monitoring. Also, the low device cost and deployment cost make them a considerable solution to integrate data analytics, artificial intelligence, and machine learning into medical devices. All these factors lead to the expansion of the growth landscape for LPWAN as compared to others.
By End-User Analysis
The hospitals, surgical centers, and clinics segment held the biggest Internet of Things in healthcare market revenue share. IoT technologies help hospitals improve their operational and functional efficiency. These technologies assist hospitals in managing medication compliance, hospital processes, medical records, invoicing, and real-time communication, which increases overall operational efficiency. IoT technologies also provide better disease management, treatment results, and patient experiences, all of which contribute to better care delivery.
The clinical research organizations (CROs) sector is expected to rise at the quickest CAGR over the projected period, indicating a considerable rate of growth. The growing use of IoT solutions to improve clinical research accuracy and the increasing adoption of these technologies by CROs have improved patient recruitment and retention. Therefore, these characteristics are projected to propel the segment throughout the projection time.
By Application Analysis
Telemedicine dominated the Internet of Things (IoT) in healthcare market share due to the rising incidence of chronic illnesses and the growing need for patient monitoring. Recent developments in telemedicine technology and the introduction of telemedicine services are driving the need for IoT solutions. The innovation of cutting-edge telemedicine tools or solutions to enhance the healthcare system is the primary goal of major participants in the Internet of Things in healthcare industry.
The clinical operations and workflow management segment is anticipated to grow at the fastest CAGR due to its ability to increase patient satisfaction, use available resources effectively, and improve general healthcare delivery efficiency. Clinical workflow and operational software can help hospitals optimize patient flow, minimize wait times, and enhance patient comfort and safety.
 in Healthcare Market Seg.png)
IoT in Healthcare Market Regional Insights
The North America Region Dominated the Global Market With the Largest Market Share
The North America region dominated the global Internet of Things (IoT) in healthcare market with the largest market share in 2025 and is expected to maintain its dominance over the anticipated period. The growth of the segment market can be largely attributed to the increased usage of telemedicine, e-reports and IoT solutions in managing the patients. The demand for electronic health records is expanding, driving the growth of this segment.
The Asia Pacific region is expected to be the fastest growing region with a healthy CAGR during the projected period. The region’s robust growth is attributed to the demand for IoT due to the region's improved healthcare infrastructure, rising healthcare spending in developing Asian countries, and growing adoption of advanced technology to reduce medical costs and streamline hospital operations. Additionally, a growing percentage of young people, increasing awareness of health-related concerns, and elevated financial resources all support the growth of the market
 in Healthcare Market Reg.png)
Competitive Landscape
The Internet of Things (IoT) in healthcare market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global Internet of Things in healthcare market include:
- Cisco Systems Inc.
- GE Healthcare Ltd.
- Honeywell Life Care Solutions
- IBM Corporation
- Koninklijke
- Medtronic PLC
- Microsoft Corporation
- Philips N.V.
- Qualcomm Life Inc.
- Resideo Technologies
- Royal Philips
- Siemens
- Sensely
Recent Developments
- In February 2025, NeoSOFT announced the integration of advanced IoT, cloud computing, and AI-driven analytics to enable real-time processing and analysis of health metrics while ensuring operational efficiency. The IoT-based solution also delivers automated alerts to healthcare providers, supporting timely and informed clinical decision-making. (Source: health.economictimes.indiatimes.com)
- In February 2024, KORE launched the First eSIM-powered Medical Alert Device in collaboration with Medical Guardian to overcome cell signal challenges and address healthcare access disparities through optimal 24/7 connectivity. (Source: korewireless.com)
- In January 2024, e& enterprise and Burjeel Holdings announced the launch of a pioneering telemedicine services project for healthcare in the UAE. The project aims to improve patient access to medical services by enabling remote medical care and prioritizing accessibility and efficiency across the regions. (Source: burjeel.com)
Future of IoT in Healthcare Market
The Internet of Things in healthcare market is expected to witness rapid growth in the future. AI-powered diagnostics and predictive analytics are enabling faster and more accurate disease detection. The adoption of 5G-enabled connected devices will improve real-time data transmission. It will support advanced remote patient monitoring and telehealth services. Personalized medicine is expected to expand through continuous health tracking from wearables and biosensors. It will enable customized treatment plans. Smart hospitals with connected infrastructure, automated workflows, and intelligent asset management would improve operational efficiency and patient care. Increasing investments in digital health transformation is expected to accelerate market growth globally.
Report Coverage
The internet of things (IOT) in healthcare market report emphasizes on key regions across the globe to provide a better understanding of the product to the users. Also, the report provides market insights into recent developments and trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers an in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides a detailed analysis of the market while focusing on various key aspects such as competitive analysis, components, connectivity technology, end-users, applications, and their futuristic growth opportunities.
IoT in Healthcare Market Report Scope
|
Report Attributes |
Details |
| Market size value in 2025 | USD 174.87 billion |
|
Market size value in 2026 |
USD 205.81 billion |
|
Revenue forecast in 2034 |
USD 775.47 billion |
|
CAGR |
18.0% from 2026 – 2034 |
|
Base year |
2025 |
|
Historical data |
2021 – 2024 |
|
Forecast period |
2026 – 2034 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2026 to 2034 |
|
Segments covered |
By Component, By Connectivity Technology, By End-User, By Application, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
The key companies in the Internet of Things (IoT) in healthcare market are Cisco Systems Inc., GE Healthcare Ltd., Honeywell Life Care Solutions, and IBM Corporation.
IoT in healthcare market is projected to exhibit a CAGR of 18.0% during the forecast period.
Internet of Things (IoT) in healthcare market report covering key segments are component, connectivity technology, end-user, application and region.
The key factors driving the Internet of Things (IoT) in healthcare market growth are rising investments and increased use of AI in IoT in healthcare.
The Internet of Things (IoT) in healthcare market size is estimated to be worth USD 775.47 billion by 2034.
Page last updated on: Apr-2023
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