Internet of Medical Things (IoMT) Market Size, Share and Growth Analysis 2026 to 2035
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Internet Of Medical Things (IOMT) Market Size is valued at USD 281.19 billion in 2025 and is predicted to reach USD 1680.57 billion by the year 2035 at a 20.1% CAGR during the forecast period for 2026 to 2035
Internet of Medical Things (IoMT) Market Size, Share & Trends Analysis Report By Component (Hardware, Software, And Services), Platform, Service Delivery, Connectivity Services, Applications And End-Use, By Region, And Segment Forecasts, 2026 to 2035
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Key Industry Insights & Findings from the Report:
The role of medical technology in healthcare is rapidly transforming because of a network of connected medical equipment, software programs, and health systems and services. The medical Internet of Things assists healthcare organizations in streamlining their clinical processes. The need for the mobile healthcare technology, along with patient safety worries and attention, is growing globally, and these factors fuel the expansion of the market.
Technical advancements have driven this desire, which has increased the adoption of various IoMT systems and the demand for linked devices in the healthcare sector. This is anticipated to expand the Internet of Medical Things (IoMT) market. It is predicted that demand will increase. The dependence of the healthcare sector on connected devices is expected to increase demand for IoMT during COVID-19 and boost the technology adoption rate during the forecast period. The lack of infrastructure facilities and qualified professionals in the hospital and medical industries has restrained the growth of the market.
The market is segmented on the component, platform, service delivery, connectivity services, applications and end-use. The market is segmented based on components: hardware, software, and services. Based on the platform, the market is divided into device management, application management, and cloud management. Based on the mode of service delivery, the Internet of Medical Things (IoMT) market is bifurcated into on-premise and cloud. Based on connectivity services, the market is bifurcated into wired and wireless. Based on applications, the market is bifurcated and segmented into on-body, healthcare providers, home-use medical devices, community, and others. Based on end-use, the market is divided into hospitals, clinics, academics, research institutes, homecare, and others.
The market's leading segment is on-premises. Because on-premises software is widely used and users don't o have an internet connection to access data, the market segment is likely to dominate. Even though most organizations rely on the internet to do business, there is always a concern that a lost connection could reduce productivity and make it impossible to access vital data.
Hospitals & clinics grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. The rising prevalence of chronic diseases, expanding senior population, and rising consumer healthcare spending can all be related to this. Innovation and development of smart technologies to track patients' health problems in hospitals and clinics and the growing necessity for routine health check-ups have boosted the expansion of this market in recent years.
The North American internet of medical things (IoMT) market is expected to register the highest market share in revenue soon. Strong and well-established healthcare systems, enhanced IT systems, advanced telecommunications, and rising internet adoption all define North America. Other elements, including the expanding use of healthcare IT solutions, the presence of important companies, and the accessibility of advanced infrastructure, are all very important in explaining this region's considerable stake. Due to technological improvements and better access to personal healthcare, the North American Internet of Medical Things (IoMT) industry has grown.
Additionally, increasing consumer spending on health care, rising disposable income, and an increase in diseases have fueled market expansion in this region. In addition, Asia Pacific is projected to grow rapidly in the global internet of medical things (IoMT) market. The primary factors driving the Asia Pacific internet of medical things market are the improving discretionary income of customers, rising health consciousness, increasing social programs to expand IT facilities, and increased expenditures on digitally scanning the healthcare sector.
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| Report Attribute | Specifications |
| Market size value in 2025 | USD 281.19 Bn |
| Revenue forecast in 2035 | USD 1680.57 Bn |
| Growth rate CAGR | CAGR of 20.1% from 2026 to 2035 |
| Quantitative units | Representation of revenue in US$ Million, and CAGR from 2026 to 2035 |
| Historic Year | 2022 to 2025 |
| Forecast Year | 2026-2035 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments covered | Component, Platform, Service Delivery, Connectivity Services, Applications And End-Use |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
| Competitive Landscape | Siemens (Germany), General Electric (U.S.), Biotronik SE & Co. KG (Germany), Medtronic (Ireland), Boston Scientific Corporation (U.S.), Hill-Rom Services, Inc. (U.S.), Neurometrix, Inc. (U.S.), Honeywell International Inc. (U.S.), VitaConnect (U.S.), EKso Bionics (U.S.), BL Healthcare, Inc. (U.S.), BioSerenity, Koninklijke Philips N.V. (Netherlands), Lenovo (China), AliveCor, Inc. (U.S.) |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
Internet of Medical Things (IoMT) Market By Component
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Internet of Medical Things (IoMT) Market By Platform
Internet of Medical Things (IoMT) Market By Mode of Service Delivery
Internet of Medical Things (IoMT) Market By Connectivity Devices
Internet of Medical Things (IoMT) Market By Application
Internet of Medical Things (IoMT) Market By End-User
Internet of Medical Things (IoMT) Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.