Internet of Things Medical Devices Market Size and Share Analysis by Product, Type, Connectivity Technology, End User - Global Industry Demand Forecast to 2030
The revenue generated by the IoT medical devices market in 2023 was USD 46.4 billion, and it will propel at a rate of 31% by the end of the projection period, reaching USD 297 billion by 2030. The key reason for this is the increasing incidence of chronic ailments, for example, hypertension, diabetes, respiratory disease, cardiovascular ailments, COPD, and asthma globally.
Growth Drivers
The growing elderly populace and growing global populace will power the development of the industry.
The mounting aged population and absence of primary healthcare facilities in emerging nations are snowballing the requirement for remote patient monitoring services and the expansion of hospitals
Worldwide, the count of people aged 60 years or more will touch 2.1 billion by the end of 2050, as per the WHO.
Vital Signs Monitoring Devices are the Leader of the Pack
The vital signs monitoring category had the leading share, of 30%, in 2023, and it will power at a rate of 30% by the end of this decade. This is because of the increasing occurrence of self-manageable ailments, for example, diabetes and high BP /hypertension, which are incurable and can be managed by unvarying monitoring. Vital signs monitoring devices comprise glucose monitors, blood pressure monitors, multiparameter monitors, heart rate monitors, and oximeters.
IoT sensors in these kinds of medical devices offer data associated with a patient's important signs, transferred from a medical device to a cloud-based platform, where it is stowed and examined.
This way IoT in medical devices advances the eminence of life, supports instantaneous disease management, decreases the cost of care, and advances the outcomes of patients.
It also aids in aptly making knowledgeable decisions.
Stationary Medical Devices Accounted for Larger Share
The stationary category had a major share of 40%, in 2023. This is due to the extensive usage of stationary devices, at hospitals.
Furthermore, they are more expensive than any other device, leading to their key share. Wearable medical devices will power at a higher CAGR.
North America Makes the Most Use of IoT Medical Devices Market
North America accounted for a share of 35% in 2023, and the dominance of this region will continue by the end of this decade as well. The main reasons for this are advancements taking place in the healthcare industry, and snowballing initiatives of the government to boost the acceptance of IoT devices in healthcare. Increasing incidence of chronic ailments, growing research and development activities, and advances in connectivity technology.
APAC To Grow the Fastest
APAC will grow the fastest in the industry. The market is powered by the increasing funding by private and public organizations, the growing elderly populace, and the growing incidence of chronic diseases.
Also, the growing requirement for cutting-edge healthcare devices and surging consciousness of a healthy lifestyle lead individuals to get health checkups frequently and monitor their health through smart, wearable medical devices on a daily basis.
Table of Contents
Chapter 1. Research Scope
1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
1.4.1. Market size breakdown, by product
1.4.2. Market size breakdown, by type
1.4.3. Market size breakdown, by connectively technology
1.4.4. Market size breakdown, by end user
1.4.5. Market size breakdown, by region
1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
1.5.1. Volume
1.5.2. Value
1.6. Key Stakeholders
Chapter 2. Research Methodology
2.1. Secondary Research
2.1.1. Paid
2.1.2. Unpaid
2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
5.1. Market Dynamics
5.1.1. Trends
5.1.2. Drivers
5.1.3. Restraints/challenges
5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
5.3.1. Bargaining power of buyers
5.3.2. Bargaining power of suppliers
5.3.3. Threat of new entrants
5.3.4. Intensity of rivalry
5.3.5. Threat of substitutes
Chapter 6. Global Market
6.1. Overview
6.2. Market Volume, by Product (2017-2030)
6.3. Market Revenue, by Product (2017-2030)
6.4. Market Volume, by Type (2017-2030)
6.5. Market Revenue, by Type (2017-2030)
6.6. Market Volume, by Connectivity Technology (2017-2030)
6.7. Market Revenue, by Connectivity Technology (2017-2030)
6.8. Market Volume, by End User (2017-2030)
6.9. Market Revenue, by End User (2017-2030)
6.10. Market Volume, by Region (2017-2030)
6.11. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
7.1. Overview
7.2. Market Volume, by Product (2017-2030)
7.3. Market Revenue, by Product (2017-2030)
7.4. Market Volume, by Type (2017-2030)
7.5. Market Revenue, by Type (2017-2030)
7.6. Market Volume, by Connectivity Technology (2017-2030)
7.7. Market Revenue, by Connectivity Technology (2017-2030)
7.8. Market Volume, by End User (2017-2030)
7.9. Market Revenue, by End User (2017-2030)
7.10. Market Volume, by Country (2017-2030)
7.11. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
8.1. Overview
8.2. Market Volume, by Product (2017-2030)
8.3. Market Revenue, by Product (2017-2030)
8.4. Market Volume, by Type (2017-2030)
8.5. Market Revenue, by Type (2017-2030)
8.6. Market Volume, by Connectivity Technology (2017-2030)
8.7. Market Revenue, by Connectivity Technology (2017-2030)
8.8. Market Volume, by End User (2017-2030)
8.9. Market Revenue, by End User (2017-2030)
8.10. Market Volume, by Country (2017-2030)
8.11. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
9.1. Overview
9.2. Market Volume, by Product (2017-2030)
9.3. Market Revenue, by Product (2017-2030)
9.4. Market Volume, by Type (2017-2030)
9.5. Market Revenue, by Type (2017-2030)
9.6. Market Volume, by Connectivity Technology (2017-2030)
9.7. Market Revenue, by Connectivity Technology (2017-2030)
9.8. Market Volume, by End User (2017-2030)
9.9. Market Revenue, by End User (2017-2030)
9.10. Market Volume, by Country (2017-2030)
9.11. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
10.1. Overview
10.2. Market Volume, by Product (2017-2030)
10.3. Market Revenue, by Product (2017-2030)
10.4. Market Volume, by Type (2017-2030)
10.5. Market Revenue, by Type (2017-2030)
10.6. Market Volume, by Connectivity Technology (2017-2030)
10.7. Market Revenue, by Connectivity Technology (2017-2030)
10.8. Market Volume, by End User (2017-2030)
10.9. Market Revenue, by End User (2017-2030)
10.10. Market Volume, by Country (2017-2030)
10.11. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
11.1. Overview
11.2. Market Volume, by Product (2017-2030)
11.3. Market Revenue, by Product (2017-2030)
11.4. Market Volume, by Type (2017-2030)
11.5. Market Revenue, by Type (2017-2030)
11.6. Market Volume, by Connectivity Technology (2017-2030)
11.7. Market Revenue, by Connectivity Technology (2017-2030)
11.8. Market Volume, by End User (2017-2030)
11.9. Market Revenue, by End User (2017-2030)
11.10. Market Volume, by Country (2017-2030)
11.11. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
12.1. Overview
12.2. Market Volume, by Product (2017-2030)
12.3. Market Revenue, by Product (2017-2030)
12.4. Market Volume, by Type (2017-2030)
12.5. Market Revenue, by Type (2017-2030)
12.6. Market Volume, by Connectivity Technology (2017-2030)
12.7. Market Revenue, by Connectivity Technology (2017-2030)
12.8. Market Volume, by End User (2017-2030)
12.9. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
13.1. Overview
13.2. Market Volume, by Product (2017-2030)
13.3. Market Revenue, by Product (2017-2030)
13.4. Market Volume, by Type (2017-2030)
13.5. Market Revenue, by Type (2017-2030)
13.6. Market Volume, by Connectivity Technology (2017-2030)
13.7. Market Revenue, by Connectivity Technology (2017-2030)
13.8. Market Volume, by End User (2017-2030)
13.9. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
14.1. Overview
14.2. Market Volume, by Product (2017-2030)
14.3. Market Revenue, by Product (2017-2030)
14.4. Market Volume, by Type (2017-2030)
14.5. Market Revenue, by Type (2017-2030)
14.6. Market Volume, by Connectivity Technology (2017-2030)
14.7. Market Revenue, by Connectivity Technology (2017-2030)
14.8. Market Volume, by End User (2017-2030)
14.9. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
15.1. Overview
15.2. Market Volume, by Product (2017-2030)
15.3. Market Revenue, by Product (2017-2030)
15.4. Market Volume, by Type (2017-2030)
15.5. Market Revenue, by Type (2017-2030)
15.6. Market Volume, by Connectivity Technology (2017-2030)
15.7. Market Revenue, by Connectivity Technology (2017-2030)
15.8. Market Volume, by End User (2017-2030)
15.9. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
16.1. Overview
16.2. Market Volume, by Product (2017-2030)
16.3. Market Revenue, by Product (2017-2030)
16.4. Market Volume, by Type (2017-2030)
16.5. Market Revenue, by Type (2017-2030)
16.6. Market Volume, by Connectivity Technology (2017-2030)
16.7. Market Revenue, by Connectivity Technology (2017-2030)
16.8. Market Volume, by End User (2017-2030)
16.9. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
17.1. Overview
17.2. Market Volume, by Product (2017-2030)
17.3. Market Revenue, by Product (2017-2030)
17.4. Market Volume, by Type (2017-2030)
17.5. Market Revenue, by Type (2017-2030)
17.6. Market Volume, by Connectivity Technology (2017-2030)
17.7. Market Revenue, by Connectivity Technology (2017-2030)
17.8. Market Volume, by End User (2017-2030)
17.9. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
18.1. Overview
18.2. Market Volume, by Product (2017-2030)
18.3. Market Revenue, by Product (2017-2030)
18.4. Market Volume, by Type (2017-2030)
18.5. Market Revenue, by Type (2017-2030)
18.6. Market Volume, by Connectivity Technology (2017-2030)
18.7. Market Revenue, by Connectivity Technology (2017-2030)
18.8. Market Volume, by End User (2017-2030)
18.9. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
19.1. Overview
19.2. Market Volume, by Product (2017-2030)
19.3. Market Revenue, by Product (2017-2030)
19.4. Market Volume, by Type (2017-2030)
19.5. Market Revenue, by Type (2017-2030)
19.6. Market Volume, by Connectivity Technology (2017-2030)
19.7. Market Revenue, by Connectivity Technology (2017-2030)
19.8. Market Volume, by End User (2017-2030)
19.9. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
20.1. Overview
20.2. Market Volume, by Product (2017-2030)
20.3. Market Revenue, by Product (2017-2030)
20.4. Market Volume, by Type (2017-2030)
20.5. Market Revenue, by Type (2017-2030)
20.6. Market Volume, by Connectivity Technology (2017-2030)
20.7. Market Revenue, by Connectivity Technology (2017-2030)
20.8. Market Volume, by End User (2017-2030)
20.9. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
21.1. Overview
21.2. Market Volume, by Product (2017-2030)
21.3. Market Revenue, by Product (2017-2030)
21.4. Market Volume, by Type (2017-2030)
21.5. Market Revenue, by Type (2017-2030)
21.6. Market Volume, by Connectivity Technology (2017-2030)
21.7. Market Revenue, by Connectivity Technology (2017-2030)
21.8. Market Volume, by End User (2017-2030)
21.9. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
22.1. Overview
22.2. Market Volume, by Product (2017-2030)
22.3. Market Revenue, by Product (2017-2030)
22.4. Market Volume, by Type (2017-2030)
22.5. Market Revenue, by Type (2017-2030)
22.6. Market Volume, by Connectivity Technology (2017-2030)
22.7. Market Revenue, by Connectivity Technology (2017-2030)
22.8. Market Volume, by End User (2017-2030)
22.9. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
23.1. Overview
23.2. Market Volume, by Product (2017-2030)
23.3. Market Revenue, by Product (2017-2030)
23.4. Market Volume, by Type (2017-2030)
23.5. Market Revenue, by Type (2017-2030)
23.6. Market Volume, by Connectivity Technology (2017-2030)
23.7. Market Revenue, by Connectivity Technology (2017-2030)
23.8. Market Volume, by End User (2017-2030)
23.9. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
24.1. Overview
24.2. Market Volume, by Product (2017-2030)
24.3. Market Revenue, by Product (2017-2030)
24.4. Market Volume, by Type (2017-2030)
24.5. Market Revenue, by Type (2017-2030)
24.6. Market Volume, by Connectivity Technology (2017-2030)
24.7. Market Revenue, by Connectivity Technology (2017-2030)
24.8. Market Volume, by End User (2017-2030)
24.9. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
25.1. Overview
25.2. Market Volume, by Product (2017-2030)
25.3. Market Revenue, by Product (2017-2030)
25.4. Market Volume, by Type (2017-2030)
25.5. Market Revenue, by Type (2017-2030)
25.6. Market Volume, by Connectivity Technology (2017-2030)
25.7. Market Revenue, by Connectivity Technology (2017-2030)
25.8. Market Volume, by End User (2017-2030)
25.9. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
26.1. Overview
26.2. Market Volume, by Product (2017-2030)
26.3. Market Revenue, by Product (2017-2030)
26.4. Market Volume, by Type (2017-2030)
26.5. Market Revenue, by Type (2017-2030)
26.6. Market Volume, by Connectivity Technology (2017-2030)
26.7. Market Revenue, by Connectivity Technology (2017-2030)
26.8. Market Volume, by End User (2017-2030)
26.9. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
27.1. Overview
27.2. Market Volume, by Product (2017-2030)
27.3. Market Revenue, by Product (2017-2030)
27.4. Market Volume, by Type (2017-2030)
27.5. Market Revenue, by Type (2017-2030)
27.6. Market Volume, by Connectivity Technology (2017-2030)
27.7. Market Revenue, by Connectivity Technology (2017-2030)
27.8. Market Volume, by End User (2017-2030)
27.9. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
28.1. Overview
28.2. Market Volume, by Product (2017-2030)
28.3. Market Revenue, by Product (2017-2030)
28.4. Market Volume, by Type (2017-2030)
28.5. Market Revenue, by Type (2017-2030)
28.6. Market Volume, by Connectivity Technology (2017-2030)
28.7. Market Revenue, by Connectivity Technology (2017-2030)