Global IoT Medical Devices
Market Report
2024
The global IoT Medical Devices market size is USD 12.7 billion in 2024. The IoT Medical Devices market will show the strongest growth with a compound annual growth rate (CAGR) of 27.3% from 2024 to 2031. This growth can be attributed to increasing advancements in sensor technology.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global IoT Medical Devices market size will be USD 12.7 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 27.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Component |
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Market Split by Connectivity Technology |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of IoT Medical Devices industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
IoT Medical Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
IoT Medical Devices Market is transforming healthcare by integrating advanced connectivity technologies with medical devices, enabling real-time monitoring, data collection, and analysis. These devices, ranging from wearable health monitors to connected imaging systems, provide critical health insights and improve patient outcomes through continuous and remote monitoring. The market's growth is driven by increasing demand for personalized medicine, the aging global population, and the rising prevalence of chronic diseases. IoT medical devices facilitate better disease management, early diagnosis, and enhanced patient care while reducing healthcare costs. However, the market faces challenges such as stringent regulatory requirements, data privacy concerns, and the need for robust cybersecurity measures to protect sensitive health information. Despite these hurdles, advancements in IoT technology, increased healthcare digitization, and growing investments in healthcare innovation are expected to propel the market forward, offering new opportunities for improved healthcare delivery and patient engagement.
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In September 2023, Infosys announced the expansion of its strategic collaboration with NVIDIA Corporation. This collaboration aimed to generate the technology and expertise needed to drive productivity with generative AI applications and solutions across various industries, including healthcare. (Source:https://nvidianews.nvidia.com/news/infosys-and-nvidia)
Top Companies Market Share in IoT Medical Devices Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to its advanced healthcare infrastructure, extensive adoption of digital health technologies, and significant investments in healthcare IT. The region benefits from a strong regulatory framework, robust R&D activities, and a high acceptance rate of innovative medical technologies among healthcare providers and consumers.
Asia-Pacific stands out as the fastest-growing region in the IoT Medical Devices market due to expanding healthcare infrastructure, rising investments in digital health technologies, and increasing adoption of IoT solutions for healthcare monitoring and management. The region's large population and growing healthcare needs further drive demand for innovative medical device solutions.
The current report Scope analyzes IoT Medical Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global IoT Medical Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IoT Medical Devices Industry growth. IoT Medical Devices market has been segmented with the help of its Component, Connectivity Technology Application, and others. IoT Medical Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Component of IoT Medical Devices analyzed in this report are as follows:
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the IoT Medical Devices Market.
Some of the key Connectivity Technology of IoT Medical Devices are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, hospitals & clinics are the dominant category by serving as primary adopters and integrators of advanced healthcare technologies. They deploy IoT devices extensively for patient monitoring, asset tracking, and operational efficiency improvements. These institutions leverage IoT medical devices to streamline workflows, enhance patient care through remote monitoring capabilities, and optimize resource utilization. Their large-scale adoption drives market growth, influencing device development and integration standards. Moreover, hospitals and clinics play a pivotal role in validating the efficacy and compliance of IoT medical devices with regulatory standards, ensuring safety and reliability in clinical settings. .
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global IoT Medical Devices Market is witnessing significant growth in the near future.
In 2023, the Medical Devices segment accounted for noticeable share of global IoT Medical Devices Market and is projected to experience significant growth in the near future.
The Cellular segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Medtronic , Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Medical Devices, System & Software, Services |
Connectivity Technology | Cellular, Wi-Fi, Bluetooth, LPWANs, Zigbee, RFID |
Application | Telemedicine, Patient Monitoring, Connected Imaging, Clinical Operations, Medical Management, Others |
End User | Hospitals & Clinics, Clinical Research Organizations, Research & Diagnostic Laboratories, Others |
List of Competitors | Medtronic, Cisco Systems, Inc., IBM Corporation, GE Healthcare, Microsoft Corporation, SAP SE, Infosys Limited, Cerner Corporation, QUALCOMM Incorporated, Amazon, Intel Corporation, Wipro ltd |
This chapter will help you gain GLOBAL Market Analysis of IoT Medical Devices. Further deep in this chapter, you will be able to review Global IoT Medical Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Connectivity Technology Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IoT Medical Devices market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Medical Devices have a significant impact on IoT Medical Devices market? |
What are the key factors affecting the Medical Devices and System & Software of IoT Medical Devices Market? |
What is the CAGR/Growth Rate of Cellular during the forecast period? |
By type, which segment accounted for largest share of the global IoT Medical Devices Market? |
Which region is expected to dominate the global IoT Medical Devices Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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