IoT Medical Devices Market – Segmentation, Growth Drivers, Geographical Analysis and Major Key Players

Biomaterials Market
Biomaterials Market

IoT (Internet of Things) medical devices are smart healthcare devices that are connected via sensors, actuators, and network communication technologies to interconnect patients, doctors, and clinicians. These devices also help streamline medical/clinical operations & information flow and enable real-time monitoring of patients.

What the Market Looks Like?

Predicted to grow at a CAGR of 25.2% during the forecast period, the global IoT Medical Devices market is estimated to reach USD 63.43 Billion by the end of 2023. APAC is expected to grow at the highest CAGR during the forecast period. Asia Pacific countries, particularly China and India, offer significant growth opportunities for players. Middle East & Africa is expected to grow at the highest CAGR during the forecast period. Middle East & Africa is expected to offer lucrative growth opportunities to market players.

Use of IoT medical devices in hospitals and clinics drives the global IoT medical devices market

The growing incidence of chronic diseases like diabetes, cardiovascular disease, arthritis, and cancer adds to the ever-increasing burden on hospitals and clinics. Due to the large amount of data generated during diagnosis and treatment, every patient entry increases the burden on medical devices as well as hospital staff. The need to manage increasing patient data along with the urgent need to improve patient outcomes, improve data accessibility & interoperability, and meet regulatory requirements regarding patient data and safety is driving the adoption of IoT medical devices in hospitals and clinics.

IoT medical devices offer several advantages, such as seamless transfer of EHR, reduces medical errors, enhances patient safety, allows patient engagement and helps in patient centric care delivery. The market is expanding with the evolution of high speed networking technologies and increasing penetration of smartphones, tablets, and other mobile platforms in healthcare.

The IoT medical devices market has been segmented, on the basis of product, into imaging systems, vital signs monitoring devices, implantable cardiac devices, patient monitors, respiratory devices, infusion pumps, neurological devices, hearing devices, anesthesia machines, fetal monitoring devices, ventilators, and other IoT medical devices (such as medication management devices, activity trackers, fall management devices, weighing scales, body composition, and thermometers). The vital signs monitoring devices segment is expected to grow at the highest CAGR of 32.7% during the forecast period. This is mainly due to the growing prevalence of hypertension, unhealthy lifestyles, growing obese population, and the increasing preference for self-health management.

Please provide your specific interest in this report so as to help you better, Download PDF Brochure @

What Drives the Market?

The growth of the global market for IoT Medical Devices is primarily influenced by the following factors:

  • Government Initiatives for Promoting Digital Health
  • Growing Need for Cost-Containment in Healthcare Delivery
  • Rising Focus on Active Patient Engagement and Patient-Centric Care Delivery
  • Evolution of High-Speed Networking Technologies and Increasing Penetration of Smartphones, Tablets, and Other Mobile Platforms in Healthcare
  • Growing Focus on Patient Safety

Geographical growth scenario of IoT Medical Devices Market

Geographically, the IoT Medical Devices market has been studied for  Asia Pacific countries, particularly China and India, offer significant growth opportunities for players in the market and the market in Middle East & Africa is expected to grow at the highest CAGR during the forecast period. Middle East & Africa is expected to offer lucrative growth opportunities to market players owing to the growing government initiatives for the promotion of eHealth, rising medical tourism, growing awareness among patients about self-health management, and the growing demand for quality healthcare.

We can help with your specific research requirement for this market. Please share your specific interest to help us serve you better, Request for Free Sample Report @

Leading market players and strategies adopted

GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Medtronic Plc (US), Honeywell LifeCare Solutions (US), BIOTRONIK (Germany), Boston Scientific Corporation (US), Johnson & Johnson Services, Inc. (US), Siemens AG (Germany), Omron Healthcare, Inc. (Japan), BioTelemetry, Inc. (US), AliveCor, Inc. (US), iHealth Lab, Inc. (US), AgaMatrix (US), Abbott Laboratories (US), STANLEY Healthcare (US), and Welch Allyn (US) are the prominent players operating in the market.

Please share your specific interest to serve you better, Request for Bundle Reports @

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact Us:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: