Connected Medical Devices Internet Of Medical Things (IoMT) Market Report 2026

Connected Medical Devices Internet Of Medical Things (IoMT) Market Overview

• Connected Medical Devices Internet Of Medical Things (IoMT) market size has reached to $61.85 billion in 2025 • Expected to grow to $124.46 billion in 2030 at a compound annual growth rate (CAGR) of 15.1% • Growth Driver: Growing Adoption Of Telehealth And Remote Patient Monitoring Driving Growth In The Market Due To Rising Prevalence Of Chronic Diseases • Market Trend: Advancing Remote Patient Monitoring Through Integrated Digital Care Solutions • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Connected Medical Devices Internet Of Medical Things (IoMT) Market?

Connected medical devices, Internet of Medical Things (IoMT) is a network of internet-connected medical devices, sensors, and healthcare systems that collect and exchange patient health data in real time. It includes wearable devices, remote patient monitoring solutions, smart infusion pumps, and connected diagnostic equipment. Its primary purpose is to improve patient outcomes, enable continuous monitoring, enhance clinical decision-making, and increase healthcare efficiency through seamless data connectivity. The main components of connected medical devices internet of medical things (IoMT) include devices, software, and services. Devices refer to internet-connected medical equipment and wearable or implanted healthcare devices that collect, transmit, and exchange patient health data for clinical monitoring and care. These solutions utilize connectivity technologies including wireless fidelity, Bluetooth, cellular networks, radio frequency identification, near field communication, and Zigbee and are deployed through cloud based, on premises, and hybrid models. They find application in remote patient monitoring, chronic disease management, telemedicine, clinical workflow management, medication management, diagnostic monitoring, and asset management, serving end uses including hospitals, clinics, home healthcare settings, ambulatory surgical centers, diagnostic centers, and long term care facilities.

What Is The Connected Medical Devices Internet Of Medical Things (IoMT) Market Growth Forecast?

The connected medical devices internet of medical things (IoMT) market size is expected to see rapid growth in the next few years. It will grow to $124.46 billion in 2030 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to growing adoption of connected wearable medical devices, rising demand for personalized healthcare solutions, increasing expansion of home healthcare services, growing need for real-time clinical decision support, expanding deployment of smart hospital infrastructure. Major trends in the forecast period include increasing adoption of connected medical devices for real-time patient monitoring, growing integration of wearable healthcare devices for continuous health tracking, rising demand for interoperable medical device connectivity solutions, expanding use of remote healthcare monitoring systems for improved patient management, increasing focus on secure data exchange between medical devices and healthcare systems.

What Is The Driver Of The Connected Medical Devices Internet Of Medical Things (IoMT) Market?

The growing adoption of telehealth and remote patient monitoring is expected to propel the growth of the connected medical devices (IoMT) market going forward. Telehealth and remote patient monitoring (RPM) refer to the use of digital communication technologies and connected medical devices to deliver healthcare services and continuously monitor patients' health data remotely outside traditional clinical settings. Telehealth and remote patient monitoring are increasing due to the rising prevalence of chronic diseases, as they enable continuous health monitoring and timely medical care for patients requiring long-term management. Connected medical devices (IoMT) support telehealth and remote patient monitoring by continuously collecting and transmitting real-time patient health data to healthcare providers, enabling remote assessment, timely intervention, and more effective disease management. For instance, in August 2025, according to the US Department of Health and Human Services, a US-based government administration, in 2024, nearly 1 million enrollees received remote patient monitoring, a 27 percent increase from 2023. Therefore, the growing adoption of telehealth and remote patient monitoring is driving the growth of the connected medical devices (IoMT) market.

Key Players In The Global Connected Medical Devices Internet Of Medical Things (IoMT) Market

Major companies operating in the connected medical devices internet of medical things (iomt) market are Abbott Laboratories, AliveCor Inc., Apple Inc., Becton Dickinson and Company, BioIntelliSense, Boston Scientific Corporation, Cisco Systems, Dexcom Inc., Edwards Lifesciences Corporation, Epitel Inc., F. Hoffmann-La Roche AG, Garmin Ltd., GE HealthCare Technologies Inc., IBM, Intuitive Surgical Inc., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Microsoft, Olympus Corporation, Omron Corporation, ResMed Inc., Siemens Healthineers AG, Stryker Corporation, Terumo Corporation, Zimmer Biomet Holdings Inc.

Global Connected Medical Devices Internet Of Medical Things (IoMT) Market Trends and Insights

Major companies operating in the connected medical devices Internet of Medical Things (IoMT) market are focusing on developing innovative solutions, such as remote patient management, to enable continuous health monitoring, improve patient outcomes, and enhance the efficiency of healthcare delivery. Remote patient management is a digital healthcare system that uses connected medical devices, software, and communication technologies to remotely collect, monitor, and manage patients' health data outside traditional healthcare settings. For instance, in March 2023, Royal Philips, a Netherlands-based health technology company, launched Philips Virtual Care Management, a comprehensive telehealth approach designed to support healthcare providers in remotely monitoring and managing patients across different care settings. The solution integrates remote patient monitoring, patient engagement tools, and care coordination capabilities into a single platform, enabling clinicians to track patient health data and intervene proactively when needed. It leverages connected medical devices and digital communication technologies that help improve patient outcomes, reduce hospital readmissions, and enhance the overall efficiency of healthcare delivery.

What Are Latest Mergers And Acquisitions In The Connected Medical Devices Internet Of Medical Things (IoMT) Market?

In November 2024, Amazon Web Services Inc., a US-based cloud computing company, partnered with Royal Philips to accelerate the migration of healthcare systems to the cloud and enable scalable, AI-driven digital health and diagnostic solutions. With this partnership, companies aim to modernize healthcare IT infrastructure by shifting clinical and diagnostic systems to the cloud, enabling improved data access, efficiency, and AI-powered decision support. Royal Philips is a Netherlands-based health technology company that offers connected medical devices (IoMT).

What Defines the Connected Medical Devices Internet Of Medical Things (IoMT) Market?

The connected medical devices, Internet of Medical Things (IoMT) market consists of revenues earned by entities by providing services such as vital signs tracking, predictive health analytics, and emergency alert and notification services. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected medical devices, Internet of Medical Things (IoMT) market also includes sales of connected infusion pumps, network-enabled ventilators, and smart insulin delivery systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Connected Medical Devices Internet Of Medical Things (IoMT) Market Report 2026?

The connected medical devices internet of medical things (iomt) market research report is one of a series of new reports from The Business Research Company that provides connected medical devices internet of medical things (iomt) market statistics, including connected medical devices internet of medical things (iomt) industry global market size, regional shares, competitors with a connected medical devices internet of medical things (iomt) market share, detailed connected medical devices internet of medical things (iomt) market segments, market trends and opportunities, and any further data you may need to thrive in the connected medical devices internet of medical things (iomt) industry. This connected medical devices internet of medical things (iomt) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.