The global IoT in Healthcare market is poised for extraordinary growth, with market size expected to climb from USD 45.75 billion in 2024 to a projected USD 184.38 billion by 2034. This impressive compound annual growth rate (CAGR) of 22.4% over the forecast period highlights the increasing adoption of IoT-enabled solutions to transform healthcare delivery, enhance patient outcomes, and reduce costs.
Market Overview and Scope
The Internet of Things (IoT) is revolutionizing the healthcare industry by connecting medical devices, systems, and applications to streamline processes, enable remote care, and improve diagnostics. The report highlights major drivers, including advancements in wearable devices, telemedicine adoption, and the rising need for real-time patient monitoring.
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Key Market Attributes:
Market Size in 2024: USD 45.75 Billion
Market Size in 2034: USD 184.38 Billion
CAGR (2024–2034): 22.4%
Base Year: 2023
Historic Data: 2019–2023
The report also covers factors like production, consumption trends, market shares, and emerging innovations in IoT technology tailored for healthcare.
Market Segmentation
By Component
Medical Devices:
Wearable External Devices (e.g., fitness trackers, ECG monitors)
Implanted Medical Devices (e.g., pacemakers, glucose monitors)
Stationary Medical Devices (e.g., imaging systems)
System and Software:
Remote Device Management
Network Bandwidth Management
Data Analytics
Application Security
Network Security
Services:
System Integration Services
Consulting, Training, and Education
Support and Maintenance Services
By Connectivity Technology
Cellular
Wi-Fi
Bluetooth
LPWANs (Low-Power Wide-Area Networks)
Zigbee
RFID
By Application
Remote Patient Monitoring
Telemedicine and Virtual Care
Connected Imaging
Medication Management
Asset and Inventory Management
Smart Inpatient Facilities
Fall Detection and Prevention
Others
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