Towards Healthcare
IoT Medical Devices Market to Reach at 28% CAGR till 2034

IoT Medical Devices Market 2025 to 2034 Key Trends, 28% CAGR Growth, and Regional Insights

Market insights predict, the IoT medical devices industry is expected to grow from USD 82.45 billion in 2024 to USD 971.27 billion by 2034, driven by a CAGR of 28%. The IoT medical devices market is growing due to the rising integration of IT in the healthcare sector. North America dominated the market due to growing research in healthcare IT.

Category: Medical Devices Insight Code: 6045 Format: PDF / PPT / Excel

The global IoT medical devices market size is calculated at US$ 82.45 in 2024, grew to US$ 105.54 billion in 2025, and is projected to reach around US$ 971.27 billion by 2034. The market is expanding at a CAGR of 28% between 2025 and 2034.

IoT Medical Devices Market Size 2024 to 2034

By facilitating data-driven decision-making, remote diagnostics, and real-time monitoring, Internet of Things (IoT) medical devices are revolutionising the healthcare industry. IoT-enabled gadgets, such smart implants, wearable health monitors, and linked medical equipment, gather and send patient data, enabling medical professionals to keep an eye on vital signs, identify anomalies, and modify treatments instantly.

More individualised treatment is made possible by this constant flow of data, which also enhances patient outcomes, especially in the areas of post-operative care and chronic illness management. IoT medical devices also assist healthcare organisations in streamlining operations by automating maintenance and inventory management, which lowers downtime and boosts overall effectiveness.

Key Takeaways

  • The IoT medical devices market will likely exceed USD 82.45 billion by 2024.
  • Valuation is projected to hit USD 971.27 billion by 2034.
  • Estimated to grow at a CAGR of 28% starting from 2025 to 2034.
  • North America dominated the IoT medical devices market in 2024, with a revenue of 38%.
  • Asia Pacific is expected to grow at the fastest CAGR during the forecast period.
  • By device type, the wearable devices segment dominated the market in 2024, with a revenue of 45%.
  • By device type, the implantable devices segment is expected to grow at the fastest CAGR during the forecast period.
  • By connectivity technology, the Bluetooth segment dominated the market in 2024, with a revenue of 35%.
  • By connectivity technology, the cellular segment is expected to grow at the fastest CAGR during the forecast period.
  • By end-user, the hospitals & clinics segment dominated the market in 2024, with a revenue of 50%.
  • By end-user, the home healthcare segment is expected to grow at the fastest CAGR during the forecast period.
  • By application, the remote patient monitoring segment dominated the IoT medical devices market in 2024, with a revenue of 40%.
  • By application, the elderly care & assisted living segment is expected to grow at the fastest CAGR during the forecast period.
Table Scope
Market Size in 2025 USD 105.54 Billion
Projected Market Size in 2034 USD 971.27 Billion
CAGR (2025 - 2034) 28%
Leading Region North America Share 38 %
Market Segmentation By Device Type, By Connectivity Technology, By End-User, By Application, By Region
Top Key Players Medtronic, Abbott Laboratories, Philips Healthcare, GE Healthcare, Johnson & Johnson, Boston Scientific, Siemens Healthineers, Honeywell Life Care Solutions, Omron Healthcare, Qualcomm Life, Fitbit (Google), Apple (Health Devices), Samsung Electronics (Health Devices), Huawei (Health Devices), Dexcom, Withings, iHealth Labs, AliveCor, BioTelemetry (Merit Medical), ResMed

What is the IoT Medical Devices Market?

The IoT (Internet of Things) medical devices market encompasses a broad spectrum of connected medical devices that collect, transmit, and analyze patient health data through integ    rated sensors, wireless communication protocols, and cloud-based platforms. These devices enable real-time monitoring of vital signs, remote diagnostics, chronic disease management, predictive analytics, and personalized healthcare delivery. By bridging the gap between healthcare providers and patients, IoT medical devices enhance operational efficiency, reduce hospital readmissions, improve patient outcomes, and support evidence-based clinical decision-making.

The market includes wearable devices, implantable sensors, remote monitoring systems, and hospital-based connected equipment, offering seamless data integration, telemedicine compatibility, and AI-driven analytics. As hospitals, clinics, and home-care settings increasingly adopt connected solutions, the IoT medical devices market continues to expand, driven by technological advancements, rising healthcare expenditure, chronic disease prevalence, and the push for digital health ecosystems. 

  • Technology adoption in healthcare services: From AI, ML to IoT, various technologies are being adopted in healthcare in order to provide high-quality, advanced, and personalized services. Apart from this, IoT medical devices are also being used to provide remote services.
  • In February 2025, MediBuddy, a virtual care provider, has begun working with ELECOM, a Japanese electronics manufacturer, to create health IoT devices. MediBuddy stated in a press release that it will create solutions for everyday health management and use the medical and health data gathered to create preventative care plans and individualised health insights.

What is the Role of AI in the IoT Medical Devices Market?

In addition to improving patient care, the integration of AI with IoT devices for healthcare has the potential to transform the medical field. The Internet of Things also makes it possible to collect enormous volumes of data in real time, which AI then processes, evaluates, and turns into insights that can be put to use. This collaboration results in improved patient monitoring, early identification of possible health problems, and tailored treatment plans in the healthcare industry. AI integration for healthcare IoT devices might be the game-changer as the globe continues to face healthcare issues, such as pandemics and ageing populations.

Market Dynamics

Driver

Enhanced Patient Care is Driving the IoT Medical Devices Market

The Internet of Things has demonstrated potential uses in tying together different medical equipment, sensors, and medical specialists to deliver high-quality healthcare services. As a result, the healthcare sector is now more operationally efficient, patient safety is better, healthcare costs are lower, and healthcare services are more accessible. The Internet of Things has not only increased individual autonomy but also expanded human interaction with the outside world.

Restraint

Data Privacy & Security

Data security and privacy are two of the biggest issues facing the IoT medical devices market. Real-time data capture and transmission are capabilities of IoT security equipment. However, data standards and security criteria are absent from the majority of IoT devices. Furthermore, there is a great deal of uncertainty around the legislation of data ownership with technological devices. These elements together increase the data's vulnerability to cybercriminals who might breach the system and jeopardise patient and physician Personal Health Information (PHI).

Opportunity

IoT-Based Robotic Assistive Surgery

Surgeons can link to a surgical robot that is based on the Internet of Things to do teleoperations. Compared to open surgery, an IoT-assisted robotic system has the benefit of a larger operative environment. Numerous research that used an Internet of Things-assisted robotic system in a variety of applications, such as remote surgery, robotic assistive-minimally invasive surgery, and microsurgery, have been documented in the literature. In order to allow the surgeon to operate on patients from a remote location via the robotic interface, the Internet of Things-assisted robotic system has recently additionally included haptic technology.

Segmental Insights

Why was the Wearable Devices Segment Dominant in the Market in 2024?

By device type, the wearable devices segment held the largest share of the IoT medical devices market in 2024. At the moment, wearable technology is at the centre of almost every Internet of Things conversation. As the number of older persons is expected to rise dramatically, there is a growing need for preventative medicine and self-health monitoring. IoT sensor-based wearable gear anticipates providing users with personal data. Heart rate, steps, sleep patterns, and other health-related data may all be tracked by these internet-connected gadgets.

By device type, the implantable devices segment is estimated to be the fastest-growing during the forecast period. Healthcare practitioners employ implantable IoT devices to monitor physiological processes, provide medications, or help certain organs or tissues operate. Usually by surgery, they are inserted either permanently or temporarily into the human body. Biochips, smart pacemakers, and glucose monitoring implants are a few examples.

What made the Bluetooth Segment Dominant in the Market in 2024?

By connectivity technology, the Bluetooth segment led the IoT medical devices market in 2024. An essential component of increasingly complex linked medical device systems is Bluetooth. In the medical device industry, Bluetooth is used to connect medical device hardware to companion software applications on devices such as consumer-level smartphones and tablets, base stations or hubs, and hospital-based devices.

By connectivity technology, the cellular segment is anticipated to witness the fastest growth during the upcoming period. It is anticipated that smart healthcare applications including brain-computer interfaces, tactile internet, and remote surgery would be supported by future 5G and beyond 5G networks. IoT and cutting-edge wireless communication technologies will be used in future smart healthcare networks to overcome present constraints with regard to security, network performance, and coverage.

Which End-User Segment Dominated the Market in 2024?

By end-user, the hospitals & clinics segment was dominant in the IoT medical devices market in 2024. IoT medical devices are used for their original medical purpose by clinics, hospitals, and people. In terms of spending, hospitals are the biggest purchasers of medical equipment, particularly sophisticated or dangerous equipment. General hospitals, university medical centres, and integrated delivery networks (IDNs) that run many hospital facilities are all included in this category. Cost and device adaptability are important factors since clinics and offices often have fewer budgets than hospitals.

By end-user, the home healthcare segment is estimated to achieve the highest CAGR during the predicted time frame. Because it allows patients to receive care in familiar circumstances, home healthcare has grown in popularity as an alternative to hospital-based therapy. Nebulisers, glucose monitors, pulse oximeters, and blood pressure cuffs are a few common medical equipment used at home.

Which Application Segment was Dominant in the Market in 2024?

By application, the remote patient monitoring segment captured the major share of the IoT medical devices market in 2024. 5G and IoT together have the potential to revolutionise remote healthcare and bring us one step closer to a time when patients can access hospital-quality treatment from any location. Additionally, wider adoption ought to be fueled by more patient-centered and user-friendly equipment. Healthcare professionals may now continually monitor patients from any location thanks to IoT-enabled devices, eliminating the need for in-person visits that still only record a single instant in time.

By application, the elderly care & assisted living segment is expected to grow at the highest rate in the IoT medical devices market during 2025-2034. Age-related illnesses are a major problem for the elderly, particularly those who live alone. Numerous businesses currently provide IoT-based solutions targeted at the elderly that address various needs. Connected gadgets are also being used by senior care facilities to help manage their elderly residents. Smart technologies provide carers several advantages when it comes to monitoring a resident's activities. The advantages of such systems may include medication compliance, mobility tracking, fall detection monitoring, and emergency notification to family members and carers.

Regional Insights

IoT Medical Devices Market Share, By Region, 2024 (%)

Which Factors Support North America’s Dominance?

North America dominated the IoT medical devices market share 38% in 2024. because of strong research and development efforts, early use of digital health technology, and sophisticated healthcare infrastructure. The area gains from a high degree of consumer and healthcare provider knowledge, which promotes broad adoption of IoT devices. North America is at the forefront of the worldwide IoT medical devices business because to favourable government efforts, strict data protection legislation, and a developed telehealth ecosystem.

U.S. IoT Medical Devices Market Trends

About 950 medical devices that incorporate AI or machine learning have been approved by the U.S. FDA as of August 2024. The majority of these gadgets are made to help with the identification and diagnosis of ailments that can be treated. Radiology, cardiology, neurology, haematology, gastroenterology, and urology are the top 5 medical specialities that use AI technology.

Additionally, the final 2024–2030 Federal Health IT Strategy, released in October 2024 by the Assistant Secretary for Technology Policy in the Office of the National Coordinator for Health Information Technology, aims to improve care delivery and experiences for patients, carers, healthcare providers, public health professionals, and others across the healthcare continuum.

Canada IoT Medical Devices Market Trends

Along with modernising the healthcare system's historical systems, Canada is spearheading initiatives to advance a range of digital health options, including virtual care, telemedicine, and remote patient monitoring. These digital health projects have helped the Canadian healthcare sector revolutionise healthcare access and delivery nationwide.

Rising Population is Driving the Asia Pacific

Asia Pacific is estimated to host the fastest-growing IoT medical devices market during the forecast period. The main causes of this are the rapidly evolving healthcare systems in developing nations like China and India, the sizable patient base, the growing public consciousness, and the rising costs of healthcare brought on by the rise in smoking and the incidence of respiratory conditions like rhinosinusitis and COPD.

China IoT Medical Devices Market Trends

China's online healthcare industry is now expanding quickly. A key element of the nation's "Healthy China 2030" plan to achieve its long-term economic and social development objectives is internet healthcare. Through a number of laws and regulations, the Chinese government has increased its efforts to support the growth of the health tech sector since its inception in 2016.

India IoT Medical Devices Market Trends

In November 2024, a Rs 500 crore plan to boost India's medical device sector was unveiled by Union Chemicals and Fertilisers Minister JP Nadda on Friday. It focuses on important areas like producing essential parts and accessories, developing skills, assisting with clinical research, building shared infrastructure, and promoting the sector. According to a government announcement, the Rs 500 crore initial investment would last for three years, till the fiscal year 2026–2027 (FY27).

Rising Adoption of IoT in Healthcare is Driving Europe

Europe is expected to grow significantly in the IoT medical devices market during the forecast period. driven by the extensive use of IoT technology by healthcare providers to provide remote monitoring services. Due to the growing number of people with chronic illnesses such chronic obstructive pulmonary disease (COPD) and other respiratory conditions, the markets in Germany and the UK are expected to grow quickly. Additionally, the demand for self-health management techniques is growing as individuals realise how important physical fitness and health are. Demand for a variety of medical wearable technology has expanded throughout the area as a result of the easier access to health information.

Germany IoT Medical Devices Market Trends

In July 2024, Germany passed more stringent laws governing the use of cloud computing services for processing health data. A unified norm for the use of cloud computing services in the statutory healthcare system, which serves around 90% of the German population, is what the new Section 393 SGB V seeks to achieve. These specifications, which are meant to guarantee data security, include the restriction of data processing to specific geographic areas and the implementation of organisational and technical safeguards to ensure cloud service providers adhere to specific security standards.

Top Companies in the IoT Medical Devices Market

IoT Medical Devices Market Companies

  • Medtronic
  • Abbott Laboratories
  • Philips Healthcare
  • GE Healthcare
  • Johnson & Johnson
  • Boston Scientific
  • Siemens Healthineers
  • Honeywell Life Care Solutions
  • Omron Healthcare
  • Qualcomm Life
  • Fitbit (Google)
  • Apple (Health Devices)
  • Samsung Electronics (Health Devices)
  • Huawei (Health Devices)
  • Dexcom
  • Withings
  • iHealth Labs
  • AliveCor
  • BioTelemetry (Merit Medical)
  • ResMed

Latest Announcements by Industry Leaders

In July 2024, an IoT wristwatch for patient monitoring was introduced by mCare Digital, an IoT business. The mCareWatch 241 stands for our commitment to hearing what our clients have to say and meeting their needs. mCare Digital cofounder Peter Apostolopoulos stated in a statement, "We are excited to provide a product that not only meets but exceeds the expectations of those we serve." Our dedication to offering assistive technology that is cutting edge, dependable, and easy to use is reflected in this new model.

Recent Developments in the IoT Medical Devices Market

  • In June 2025, expanded features to improve Internet of Medical Things (IoMT) security were announced by SEALSQ. To safeguard healthcare systems, the company's comprehensive solution integrates Post-Quantum Secure Hardware, Quantum-Resistant Cryptography, and Public Key Infrastructure (PKI).
  • In February 2025, the whole portfolio of Intelligent Digital Care Solutions and Services from Validic, a pioneer in healthcare technology innovation, will soon be accessible in the AWS Marketplace, the company said today. These services and solutions include the patient service desk, logistics and equipment procurement, the Validic Health IoT platform, and the Remote Patient Management system.

Segments Covered in the Report

By Device Type

  • Wearable Devices
    • Smartwatches & Fitness Bands
    • Wearable ECG Monitors
    • Glucose Monitors
    • Blood Pressure Monitors
    • Others
  • Implantable Devices
    • Cardiac Pacemakers
    • Implantable Cardioverter Defibrillators (ICDs)
    • Neurostimulators
    • Others
  • Stationary/Bedside Devices
    • Connected Infusion Pumps
    • Connected Ventilators
    • Connected Patient Monitors
    • Others
  • Remote Monitoring Devices
    • Respiratory Monitoring
    • Cardiac Monitoring
    • Chronic Disease Management
    • Others

By Connectivity Technology

  • Wi-Fi
  • Bluetooth
  • Cellular (3G/4G/5G)
  • LPWAN (LoRaWAN, NB-IoT)
  • Zigbee
  • Others

By End-User

  • Hospitals & Clinics
  • Home Healthcare
  • Ambulatory Surgical Centers
  • Telemedicine Providers
  • Others

By Application

  • Remote Patient Monitoring
  • Chronic Disease Management
  • Diagnostic Imaging & Analysis
  • Medication & Treatment Adherence
  • Elderly Care & Assisted Living
  • Fitness & Wellness Monitoring
  • Others

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 25 August 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and strategy.

Learn more about Shivani Zoting

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

The IoT medical devices market currently in 2025 records USD 105.54 billion and is anticipated to grow to USD 971.27 billion by 2034, advancing at a CAGR of 28% from 2024 to 2034.

North America is currently leading the IoT medical devices market share 38% due to advanced healthcare infrastructure and rising demand for advanced medical devices.

The IoT medical devices market includes five segments such as by device type, by connectivity technology, by end-user, by application, and by region.

Key trends include rising technological advancements and growing chronic conditions.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.