U.S. Internet Of Medical Things (iomt) Market Size & Outlook

The internet of medical things (iomt) market in the United States is expected to reach a projected revenue of US$ 169,538.2 million by 2030. A compound annual growth rate of 16.6% is expected of the United States internet of medical things (iomt) market from 2024 to 2030.
Revenue, 2023 (US$M)
$57,866.7
Forecast, 2030 (US$M)
$169,538.2
CAGR, 2024 - 2030
16.6%
Report Coverage
U.S.

U.S. internet of medical things (iomt) market, 2018-2030 (US$M)

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

U.S. internet of medical things (iomt) market, 2018-2030 (US$M)

U.S. internet of medical things (iomt) market highlights

  • The U.S. internet of medical things (iomt) market generated a revenue of USD 56.7 billion in 2023 and is expected to reach USD 166.5 billion by 2030.
  • The U.S. market is expected to grow at a CAGR of 16.6% 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 2023USD 56.7 billion
Market revenue in 2030USD 166.5 billion
Growth rate16.6% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationHardware, Software, Services
Key market players worldwideApple 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, U.S. accounted for 31.1% 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 North America, U.S. internet of medical things (iomt) market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 34.3 billion by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Internet of Medical Things (IoMT) Market Companies

Name Profile # Employees HQ Website

U.S. 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 45.33% in 2023. Horizon Databook has segmented the U.S. internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


The U.S. dominated the Internet of Medical Things market in the North America region in 2023 with a market share of 86.4%. The U.S. government has launched several initiatives aimed at promoting telehealth services, including reimbursement for telehealth services, which is driving the market growth in the U.S. For instance.

In December 2023, the Centers for Medicare & Medicaid Services (CMS) implemented changes to expand Medicare coverage for over 100 additional telehealth services, including emergency department visits, therapy services, and mental health counseling. CMS also permanently removed geographic restrictions that previously limited telehealth coverage mainly to rural areas.

Reasons to subscribe to U.S. internet of medical things (iomt) market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of U.S. internet of medical things (iomt) market databook

  • Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the U.S. internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into U.S. internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

U.S. internet of medical things iomt market report size, by component, 2018-2030 (US$M)

U.S. Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)

U.S. internet of medical things iomt market report size, by component, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more