U.S. Internet Of Medical Things (Iomt) Market, 2023-2030
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U.S. Internet Of Medical Things (Iomt) Market, 2018-2030 (US$B)
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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 2023 | USD 56.7 billion |
| Market revenue in 2030 | USD 166.5 billion |
| Growth rate | 16.6% (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, 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.
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.
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Internet Of Medical Things Iomt Market Report
Internet Of Medical Things Iomt Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| SAP SE ADR | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
U.S. internet of medical things iomt market report
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.
- U.S. Internet Of Medical Things (Iomt) Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- U.S. Internet Of Medical Things (Iomt) Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- On-premise
- Cloud
- U.S. Internet Of Medical Things (Iomt) Market Application Outlook (Revenue, USD Million , 2018-2030)
- Telemedicine
- Clinical Operations & Workflow Management
- Connected Imaging
- Medication Management
- Inpatient Monitoring
- Others
- U.S. Internet Of Medical Things (Iomt) Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Homecare
- Clinics
- Hospitals
- Research Institutes & Academics
- Others
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U.S. Internet Of Medical Things (Iomt) Market, 2018-2030 (US$B)
U.S. internet of medical things iomt market report statistics, by component, 2018-2030 (US$M)
