The market for Internet of Medical Things (IoMT) is expected to grow at a CAGR of around 27.2% from 2020 to 2027 and expected to reach the market value of around US$ 155.8 Bn by 2027.
The Internet of Medical Things (IoMT) refers to the amalgamation of medical devices and applications that can connect to healthcare information technology (IT) systems using online computer networks. IoMT is also known as healthcare IoT, where medical devices equipped with Wi-Fi allow machine-to-machine communication. The IoMT devices can be linked with cloud platforms such as Amazon Web Services so that the captured data can be stored and analyzed.
Market Dynamics
The increasing adoption of wearable devices and real-time healthcare service provision along with the adoption of IoMT is the factor driving the market growth. The deduction on expenditure incurred by patients due to the less number of visits to the physician with the help of IoMT as it promoting continuous monitoring of health in individuals is additionally accelerating the market growth. Some of the other advantages associated with IoMT like real-time monitoring, reduction in medical expenditure, improved drug management, and improved patient outcomes are some of the additional factors supporting the market growth. The growing prevalence of chronic diseases is further projected to bolster market growth. The growing technological advancement supported by start-ups and increasing demand for point-of-care medical devices by developed and developing countries is further expected to drive the growth over the forecast period from 2020 to 2027.
On the other side, high costs associated with the IoT based medical devices and lack of skilled professionals towards IOT technology are projected to restrict the growth to an extent over the forecast period.
Segment Instance
North America is leading the market with maximum revenue share in the IoMT Market
In 2019, North America accounted for the major revenue share (%) in the IoMT market, and the region is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The major reason for the growth of the region is the presence of global players. The presence of well-established healthcare infrastructure in the region, particularly in the US and Canada is contributing to the regional market value.
Asia Pacific is anticipated to exhibit fastest growth over the forecast period
Asia Pacific is projected to experience the fastest growth in the IoMT market with major CAGR (%) over the forecast timeframe from 2020 to 2027. The rapidly developing economies of the region including China and India are the major contributors to the regional market growth. The developing healthcare infrastructure and rising awareness about the advanced technology in the medical sector of the region is further propelling the regional market value.
Key Market Players
The players profiled in the report include Boston Scientific Corporation (US), Cisco Systems Inc. (US), GENERAL ELECTRIC COMPANY (GE Healthcare) (US), Honeywell Care Solutions, IBM Corporation (US), Johnson & Johnson Services, Inc., Koninklijke Philips N.V. (Netherlands), Medtronic Inc. (Ireland), Microsoft Corporation (US), NeuroMetrix, Inc. (US), and Siemens Healthcare GmbH (Germany) among others.
Market Segmentation
Market By Product Type
Smart Wearable Devices
Home-Use Medical Devices
Point-Of-Care Kits
Market By Services
On-Premise Based Services
Cloud-Based Services
Market By Application
Real-Time Monitoring
End-to-End Connectivity
Data Assortment & Analysis
Tracking & Alerts
Remote Medical Assistance
Market By End-User
Hospitals & Clinics
Research Institutes & Academics
Homecare
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Internet of Medical Things (IoMT)
1.1. Definition and Scope
1.1.1. Definition of Internet of Medical Things (IoMT)
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Internet of Medical Things (IoMT) Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Internet of Medical Things (IoMT) Market By Product Type
1.2.3. Internet of Medical Things (IoMT) Market By Services
1.2.4. Internet of Medical Things (IoMT) Market By Application
1.2.5. Internet of Medical Things (IoMT) Market By End-User
1.2.6. Internet of Medical Things (IoMT) Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Product Type
2.2.1. Secondary Product Types
2.2.2. Primary Product Types
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Internet of Medical Things (IoMT) Market By Product Type
4.1. Introduction
4.2. Internet of Medical Things (IoMT) Revenue By Product Type
4.2.1. Internet of Medical Things (IoMT) Revenue (US$ Mn) and Forecast, By Product Type, 2016-2027
4.2.2. Smart Wearable Devices
4.2.2.1. Smart Wearable Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Home-Use Medical Devices
4.2.3.1. Home-Use Medical Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Point-Of-Care Kits
4.2.4.1. Point-Of-Care Kits Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Internet of Medical Things (IoMT) Market Revenue By Services
5.1. Introduction
5.2. Internet of Medical Things (IoMT) Revenue (US$ Mn) By Services
5.2.1. Internet of Medical Things (IoMT) Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
5.2.2. On-Premise Based Services
5.2.2.1. On-Premise Based Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Cloud-Based Services
5.2.3.1. Cloud-Based Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Internet of Medical Things (IoMT) Market By Application
6.1. Introduction
6.2. Internet of Medical Things (IoMT) Revenue (US$) By Application
6.2.1. Internet of Medical Things (IoMT) Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.3. Real-Time Monitoring
6.3.1. Real-Time Monitoring Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.4. End-to-End Connectivity
6.4.1. End-to-End Connectivity Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.5. Data Assortment & Analysis
6.5.1. Data Assortment & Analysis Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.6. Tracking & Alerts
6.6.1. Tracking & Alerts Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.7. Remote Medical Assistance
6.7.1. Remote Medical Assistance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Internet of Medical Things (IoMT) Market By End-User
7.1. Introduction
7.2. Internet of Medical Things (IoMT) Revenue (US$) By End-User
7.2.1. Internet of Medical Things (IoMT) Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
7.3. Hospitals & Clinics
7.3.1. Hospitals & Clinics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Research Institutes & Academics
7.4.1. Research Institutes & Academics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Homecare
7.5.1. Homecare Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Internet of Medical Things (IoMT) Market By Country
8.1. North America Internet of Medical Things (IoMT) Overview
8.2. U.S.
8.2.1. U.S. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.2.2. U.S. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
8.2.3. U.S. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.4. U.S. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
8.3. Canada
8.3.1. Canada Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.3.2. Canada Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
8.3.3. Canada Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.4. Canada Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Internet of Medical Things (IoMT) Market By Country
9.1. Europe Internet of Medical Things (IoMT) Market Overview
9.2. U.K.
9.2.1. U.K. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.2.2. U.K. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.2.3. U.K. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.4. U.K. Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.3. Germany
9.3.1. Germany Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.3.2. Germany Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.3.3. Germany Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.4. Germany Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.4. France
9.4.1. France Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.4.2. France Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.4.3. France Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.4. France Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.5. Spain
9.5.1. Spain Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.5.2. Spain Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.5.3. Spain Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.4. Spain Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.6.2. Rest of Europe Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016-2027
9.6.3. Rest of Europe Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.4.
9.6.5. Rest of Europe Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Internet of Medical Things (IoMT) Market By Country
10.1. Asia Pacific Internet of Medical Things (IoMT) Market Overview
10.2. China
10.2.1. China Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.2.2. China Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
10.2.3. China Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.4. China Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
10.3. Japan
10.3.1. Japan Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.3.2. Japan Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
10.3.3. Japan Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.4. Japan Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
10.4. India
10.4.1. India Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.4.2. India Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
10.4.3. India Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.4. India Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
10.5. Australia
10.5.1. Australia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.5.2. Australia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
10.5.3. Australia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.4. Australia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
10.6. South Korea
10.6.1. South Korea Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.6.2. South Korea Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
10.6.3. South Korea Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.4. South Korea Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
10.7.3. Rest of Asia-Pacific Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.4. Rest of Asia-Pacific Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Internet of Medical Things (IoMT) Market By Country
11.1. Latin America Internet of Medical Things (IoMT) Market Overview
11.2. Brazil
11.2.1. Brazil Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.2.2. Brazil Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.2.3. Brazil Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.4. Brazil Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
11.3. Mexico
11.3.1. Mexico Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.3.2. Mexico Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.3.3. Mexico Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.4. Mexico Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.4.2. Rest of Latin America Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
11.4.3. Rest of Latin America Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.4. Rest of Latin America Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
CHAPTER 12. Middle East & Africa Internet of Medical Things (IoMT) Market By Country
12.1. Middle East & Africa Internet of Medical Things (IoMT) Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.2.2. Saudi Arabia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
12.2.3. Saudi Arabia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.4. Saudi Arabia Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
12.3. UAE
12.3.1. UAE Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.3.2. UAE Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
12.3.3. UAE Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.4. UAE Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Services, 2016 - 2027
12.4.3. Rest of Middle East & Africa Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.4. Rest of Middle East & Africa Internet of Medical Things (IoMT) Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
CHAPTER 13. Player Analysis Of Internet of Medical Things (IoMT)
13.1. Internet of Medical Things (IoMT) Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Type Launches and Product Type Enhancements
13.2.3. Mergers And Acquisition In Global Internet of Medical Things (IoMT) Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Boston Scientic Corporation
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Boston Scientic Corporation 2019 Internet of Medical Things (IoMT) Business Regional Distribution
14.1.4. Product Type/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Cisco Systems Inc.
14.3. GENERAL ELECTRIC COMPANY (GE Healthcare)
14.4. Honeywell Care Solutions
14.5. IBM Corporation
14.6. Johnson & Johnson Services, Inc.
14.7. Koninklijke Philips N.V.
14.8. Medtronic Inc.
14.9. Microsoft Corporation
14.10. NeuroMetrix, Inc.
14.11. Siemens Healthcare GmbH
14.12. Others
