Europe Internet Of Medical Things (iomt) Market Size & Outlook
Europe internet of medical things (iomt) market, 2018-2030 (US$M)
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Europe internet of medical things (iomt) market highlights
- The Europe internet of medical things (iomt) market generated a revenue of USD 44.1 billion in 2023.
- The market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 44.1 billion |
| Market revenue in 2030 | USD 147.2 billion |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.3% of the global internet of medical things (iomt) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 47.1 billion by 2030.
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Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 46.26% in 2023. Horizon Databook has segmented the Europe internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe market accounted for a revenue share of 24.8% in the global Internet of Medical Things market in 2023. Europe has a well-developed healthcare system with modern facilities and advanced medical technologies. This infrastructure provides a strong foundation for the integration of IoMT devices, enabling seamless data exchange and remote patient monitoring.
Moreover, European healthcare providers have been quick to embrace Electronic Health Records (EHRs), which store patient data electronically, consequently driving the adoption of IoMT devices across the region. Furthermore, Europe is investing heavily in the development of smart hospitals, which utilize IoMT devices to improve patient care and operational efficiency.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe internet of medical things (iomt) market, including forecasts for subscribers. This continent databook contains high-level insights into Europe internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe internet of medical things iomt market report size, by country, 2018-2030 (US$M)
Europe Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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