The IoT in healthcare market is estimated to grow from USD 103 billion in 2019 to USD 241 billion by 2025, at a CAGR of approximately 15%. The future of the IoT in healthcare market creates opportunity to players across the value chain of the market. The IoT in healthcare market is expected to not much impact due to COVID-19. The major growth drivers for this market are increasing focus on active patient engagement and patient-centric care and growth of high-speed network technologies for IoT connectivity.

North America is the largest region in the global IoT in healthcare market due to increasing penetration of connected devices in various healthcare institutes.

Software is expected to remain the largest product and service type for IoT in healthcare, while wi-fi is the largest connectivity technology.

IoT in healthcare market is fragmented and some of the major players of the market include Medtronic PLC, Cisco, IBM, GE Healthcare, Microsoft Corporation, and Stanley Healthcare and others.

The sample figures with some insights are shown below

Report Scope:

The scope of the global IoT in Healthcare market report is as follows:

  • Key Features Description
  • Base Year 2019
  • Trend Period 2014-2019
  • Forecast Period 2020-2025
  • Units Considered Value ( $ Million)

Market Segments By Product and Service Type (Hardware, Software, and Service). By Connectivity Technology (Cellular, Wi-Fi, Zigbee, Satellite, and Others), By Application (Hospital, Surgical Center, and Clinic, Clinical Research Organizations, Government and Defense Institution, and Research and Diagnostic Laboratories)
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia Pacific (Japan, China, India, South Korea, and Rest of APAC), and RoW

Research Methodology

The report performed both primary as well as exhaustive secondary research for this study. Initially, the report analyzed all the leading IoT in healthcare manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, the report conducted more than 20 interviews, the same are mentioned below:

  • By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
  • By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
  • By designation: Top level (40%), Operation level (20%), Mid-level (40%)

The report analyzed by product & service type, connectivity technology, application, and regional presence of all major IoT in healthcare manufacturers across the globe. Market size for global IoT in healthcare was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.