What is IoT in Healthcare?

The IoT in Healthcare Market represents the convergence of medical devices, health systems, and data platforms via Internet of Things technologies to enable real-time patient monitoring, predictive diagnostics, remote care, and operational efficiency. It is not merely about device connectivity—it is about integrating patient-centric ecosystems with intelligent data pipelines across clinical and non-clinical workflows.

This market is fundamentally new in its redefinition of care delivery—from hospital-centric to data-driven, virtual, and personalized models. It makes healthcare easier to access and manage, with solutions like wearables, automated alerts, and AI-assisted diagnosis. The use of regulated and encrypted data protocols makes it safe for patients and providers alike. The potential is big, with stakeholders across payers, providers, and medtech innovating rapidly to reduce costs and elevate care standards.

Market Size:

IoT in Healthcare Market was valued at USD 170.5 billion in 2024 and is projected to reach a market size of USD 509.18 billion by 2030 at a CAGR of 20%.

Key Companies:

•    Bosch
•    Armis
•    Oracle
•    PTC
•    Huawei
•    Siemens
•    R-Style Lab
•    HQSoftware
•    Oxagile
•    Softweb Solutions
•    OSP Labs
•    Comarch SA
•    Telit
•    Kore Wireless
•    ScienceSoft
•    Intel
•    AgaMatrix
•    Welch Allyn
•    AliveCor
•    Sensely
•    Clover Health
•    Cisco
•    IBM
•    GE Healthcare
•    Microsoft
•    SAP
•    Medtronic
•    Royal Philips
•    Resideo Technologies
•    Securitas

Case Study:

Medtronic’s integration of IoT into its remote glucose monitoring systems enabled real-time insulin delivery adjustments, reducing emergency incidents by 30% and improving patient compliance—demonstrating the power of personalized care automation.

Popularity & Key Statistics:

•    Over 60% of hospitals globally now invest in connected medical devices.
•    Wearable health devices have a 90% annual user growth in chronic care management.
•    75% of patients express trust in remote monitoring technologies for post-acute care.

Market Segmentation:

By Type

•    Medical Devices
o    Wearable External Devices
o    Implanted Medical Devices
o    Stationary Medical Devices

•    System & Software
o    Device Management
o    Data Analytics
o    Application Security
o    Network Bandwidth Management
o    Remote Device Monitoring

•    Services
o    Deployment & Integration Services
o    Support & Maintenance Services
o    Consulting Services

•    Connectivity Technology
o    Wi-Fi
o    Bluetooth
o    Zigbee
o    Cellular
o    Near Field Communication (NFC)
o    Satellite

By End User

•    Hospitals & Clinics
o    In-patient Monitoring
o    Emergency Room Management
o    Surgical Suite Monitoring

•    Clinical Research Organizations (CROs)
o    Trial Monitoring Systems
o    Real-time Data Collection

•    Research & Diagnostic Laboratories
o    Sample Tracking
o    Equipment Usage Analytics

•    Homecare Settings
o    Remote Patient Monitoring
o    Chronic Disease Management

•    Long-Term Care Centers
o    Assisted Living Monitoring
o    Rehabilitation Monitoring

•    Pharmaceutical Companies
o    Drug Adherence Monitoring
o    Smart Packaging

•    Others
o    Government Health Agencies
o    Insurance Providers
o    Telemedicine Providers

What’s in It for You?

•    Identify monetization models across device, data, and platform-as-a-service offerings.
•    Understand ecosystem partnerships shaping the competitive landscape.
•    Discover opportunities in interoperability, AI-integration, and cybersecurity services.
•    Leverage the report’s strategic segmentation to design vertical-specific go-to-market strategies.