Global Internet Of Medical Things (iomt) Market Size & Outlook

The global internet of medical things (iomt) market size was estimated at USD 183,610.8 million in 2023 and is projected to reach USD 658,565.4 million by 2030, growing at a CAGR of 20% from 2024 to 2030.
Revenue, 2023 (US$M)
$183,610.8
Forecast, 2030 (US$M)
$658,565.4
CAGR, 2024 - 2030
20%
Report Coverage
Worldwide

Global internet of medical things (iomt) market, 2018-2030 (US$M)

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Global internet of medical things (iomt) market highlights

  • The global internet of medical things (iomt) market generated a revenue of USD 182.0 billion in 2023 and is expected to reach USD 668.1 billion by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 20.4% by 2030.
  • In terms of segment, hardware accounted for a revenue of USD 83.4 billion in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 182.0 billion
Market revenue in 2030USD 668.1 billion
Growth rate20.4% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationHardware, Software, Services

Other key industry trends

  • In terms of revenue, the North America accounted for 36.1% of the global internet of medical things (iomt) market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 166.5 billion by 2030.

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Internet of Medical Things (IoMT) Market Companies

Name Profile # Employees HQ Website
BIOTRONIK View profile 5001-10000 Berlin, Berlin, Germany, Europe https://www.biotronik.com/de-de
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
NeuroMetrix Inc View profile 26 4B Gill Street, Woburn, MA, United States, 01801 https://www.neurometrix.com
Lenovo Group Ltd View profile 71090 979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Hong Kong, Hong Kong https://www.lenovo.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com
GE Aerospace View profile 125000 One Financial Center, Suite 3700, Boston, MA, United States, 02111 https://www.geaerospace.com
Siemens AG View profile 321000 Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 https://www.siemens.com
SAP SE ADR View profile 107602 Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 https://www.sap.com
Boston Scientific Corp View profile 48000 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 https://www.bostonscientific.com
Medtronic PLC View profile 95000 Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 https://www.medtronic.com
Microsoft Corp View profile 221000 One Microsoft Way, Redmond, WA, United States, 98052-6399 https://www.microsoft.com
International Business Machines Corp View profile 282200 One New Orchard Road, Armonk, NY, United States, 10504 http://www.ibm.com
Koninklijke Philips NV View profile 73712 Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC https://www.philips.com
Apple Inc View profile 161000 One Apple Park Way, Cupertino, CA, United States, 95014 https://www.apple.com
Johnson & Johnson View profile 134400 One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 https://www.jnj.com

Global internet of medical things (iomt) market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to internet of medical things (iomt) market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 45.82% in 2023. Horizon Databook has segmented the Global internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Internet of Medical Things (IoMT) Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
      • Wearable Devices
      • Stationary Devices
      • Implantable Devices
      • Others
    • Software
      • Device Management
      • Application Management
      • Cloud Management
      • Data Analytics
      • Others
    • Services
      • Integration & Deployment
      • Consulting
      • Support & Maintenance
  • Global Internet of Medical Things (IoMT) Deployment Outlook (Revenue, USD Million, 2018-2030)
    • On-premise
    • Cloud
  • Global Internet of Medical Things (IoMT) Application Outlook (Revenue, USD Million, 2018-2030)
    • Telemedicine
    • Clinical Operations & Workflow Management
    • Connected Imaging
    • Medication Management
    • Inpatient Monitoring
    • Others
  • Global Internet of Medical Things (IoMT) End Use Outlook (Revenue, USD Million, 2018-2030)
    • Homecare
    • Clinics
    • Hospitals
    • Research Institutes & Academics
    • Others

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  • Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global internet of medical things (iomt) market, including forecasts for subscribers. This global databook contains high-level insights into Global internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global internet of medical things iomt market report size, by regions, 2018-2030 (US$M)

Top 10 countries: Internet of medical things iomt market report size, 2023 (US$M)

Global internet of medical things iomt market report share, by component, 2023 & 2030 (%, US$M)

Internet of medical things (iomt) market: Opportunity assessment by country

Global internet of medical things (iomt) market, by region, 2023 (US$M)

Global internet of medical things iomt market report size, by regions, 2018-2030 (US$M)

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