Internet of Medical Things Market Size, Share, and Trends 2024 to 2034

The global internet of medical things market size is calculated at USD 286.77 billion in 2025 and is forecasted to reach around USD 2,294.87 billion by 2034, accelerating at a CAGR of 26.09% from 2025 to 2034. The North America market size surpassed USD 2.34 billion in 2024 and is expanding at a CAGR of 9.11% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1354
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Internet of Medical Things Market 

5.1. COVID-19 Landscape: Internet of Medical Things Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Internet of Medical Things Market, By Product

8.1. Internet of Medical Things Market, by Product Type

8.1.1. Smart Wearables

8.1.1.1. Market Revenue and Forecast 

8.1.2. Point of Care Kits

8.1.2.1. Market Revenue and Forecast 

8.1.3. Home Use Devices

8.1.3.1. Market Revenue and Forecast 

Chapter 9. Global Internet of Medical Things Market, By Application

9.1. Internet of Medical Things Market, by Application

9.1.1. Telemedicine

9.1.1.1. Market Revenue and Forecast 

9.1.2. Patient Monitoring

9.1.2.1. Market Revenue and Forecast 

9.1.3. Medication Management

9.1.3.1. Market Revenue and Forecast 

9.1.4. Others

9.1.4.1. Market Revenue and Forecast 

Chapter 10. Global Internet of Medical Things Market, By End User 

10.1. Internet of Medical Things Market, by End User

10.1.1. Hospitals & Clinics

10.1.1.1. Market Revenue and Forecast 

10.1.2. Home Care

10.1.2.1. Market Revenue and Forecast 

10.1.3. Research Institutes

10.1.3.1. Market Revenue and Forecast 

Chapter 11. Global Internet of Medical Things Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product 

11.1.2. Market Revenue and Forecast, by Application 

11.1.3. Market Revenue and Forecast, by End User 

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product 

11.1.4.2. Market Revenue and Forecast, by Application 

11.1.4.3. Market Revenue and Forecast, by End User 

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product 

11.1.5.2. Market Revenue and Forecast, by Application 

11.1.5.3. Market Revenue and Forecast, by End User 

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product 

11.2.2. Market Revenue and Forecast, by Application 

11.2.3. Market Revenue and Forecast, by End User 

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product 

11.2.4.2. Market Revenue and Forecast, by Application 

11.2.4.3. Market Revenue and Forecast, by End User 

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product 

11.2.5.2. Market Revenue and Forecast, by Application 

11.2.5.3. Market Revenue and Forecast, by End User 

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product 

11.2.6.2. Market Revenue and Forecast, by Application 

11.2.6.3. Market Revenue and Forecast, by End User 

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product 

11.2.7.2. Market Revenue and Forecast, by Application 

11.2.7.3. Market Revenue and Forecast, by End User 

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product 

11.3.2. Market Revenue and Forecast, by Application 

11.3.3. Market Revenue and Forecast, by End User 

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product 

11.3.4.2. Market Revenue and Forecast, by Application 

11.3.4.3. Market Revenue and Forecast, by End User 

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product 

11.3.5.2. Market Revenue and Forecast, by Application 

11.3.5.3. Market Revenue and Forecast, by End User 

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product 

11.3.6.2. Market Revenue and Forecast, by Application 

11.3.6.3. Market Revenue and Forecast, by End User 

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product 

11.3.7.2. Market Revenue and Forecast, by Application 

11.3.7.3. Market Revenue and Forecast, by End User 

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product 

11.4.2. Market Revenue and Forecast, by Application 

11.4.3. Market Revenue and Forecast, by End User 

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product 

11.4.4.2. Market Revenue and Forecast, by Application 

11.4.4.3. Market Revenue and Forecast, by End User 

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product 

11.4.5.2. Market Revenue and Forecast, by Application 

11.4.5.3. Market Revenue and Forecast, by End User 

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product 

11.4.6.2. Market Revenue and Forecast, by Application 

11.4.6.3. Market Revenue and Forecast, by End User 

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product 

11.4.7.2. Market Revenue and Forecast, by Application 

11.4.7.3. Market Revenue and Forecast, by End User 

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product 

11.5.2. Market Revenue and Forecast, by Application 

11.5.3. Market Revenue and Forecast, by End User 

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product 

11.5.4.2. Market Revenue and Forecast, by Application 

11.5.4.3. Market Revenue and Forecast, by End User 

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product 

11.5.5.2. Market Revenue and Forecast, by Application 

11.5.5.3. Market Revenue and Forecast, by End User 

Chapter 12. Company Profiles

12.1. GE healthcare

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Koninklijke Philips N.V.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Medtronic MiniMed, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. LifeFuels, Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Meru Health, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Breathometer Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Carre Technologies Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Apple, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Honeywell International, Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. IBM Corp.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Wimm Labs

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

12.12. Sony

12.12.1. Company Overview

12.12.2. Product Offerings

12.12.3. Financial Performance

12.12.4. Recent Initiatives

12.13. Nike

12.13.1. Company Overview

12.13.2. Product Offerings

12.13.3. Financial Performance

12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global internet of medical things (IoMT) market size was valued at USD 225.81 billion in 2024 and is expected to reach over USD 2,294.87 billion by 2034,

The rising expenditure in the adoption of internet of things technology in the healthcare sector is the major driving force of the internet of medical things market.

The global internet of medical things (IoMT) market is growing at a CAGR of 26.09% from 2025 to 2034.

The major players in the internet of medical things (IoMT) market are GE healthcare, Koninklijke Philips N.V., Medtronic MiniMed, Inc., LifeFuels, Inc., Meru Health, Inc., Breathometer Inc., Carre Technologies Inc., Apple, Inc., Honeywell International, Inc., IBM Corp., Wimm Labs, Sony, Nike, Amiigo, Sano Intelligence, iRhythm, Hexoskin.

The North America region will lead the global internet of medical things (IoMT) market during the forecast period 2025 to 2034.

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