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.

Content

  • Insight Code: 6045
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: August 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

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 market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

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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.
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