UK Internet Of Medical Things (iomt) Market Size & Outlook
UK internet of medical things (iomt) market, 2018-2030 (US$M)
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UK internet of medical things (iomt) market highlights
- The UK internet of medical things (iomt) market generated a revenue of USD 7.9 billion in 2023 and is expected to reach USD 26.2 billion by 2030.
- The UK market is expected to grow at a CAGR of 18.6% 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.
Internet of medical things (iomt) market data book summary
| Market revenue in 2023 | USD 7.9 billion |
| Market revenue in 2030 | USD 26.2 billion |
| Growth rate | 18.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 4.4% of the global internet of medical things (iomt) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany internet of medical things (iomt) market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 12.8 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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UK 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 45.57% in 2023. Horizon Databook has segmented the UK internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Internet of Medical Things market in U.K. accounted for the highest revenue share of 18.0% in 2023. The market is driven by increasing awareness of the benefits of connected health technologies and the need for more efficient healthcare services. The shift toward patient-centered care in the U.K. healthcare system has propelled the adoption of IoMT technologies.
Patients are partaking in managing their health, and IoMT devices facilitate this by offering personalized monitoring solutions, promoting adherence to treatment plans, and fostering proactive health management. Moreover, the country’s healthcare providers are embracing IoMT solutions and health monitoring apps to deliver personalized care and remote patient monitoring services.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into UK internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK internet of medical things iomt market report size, by component, 2018-2030 (US$M)
UK Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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