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 |
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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.
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.
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