Global Internet of Medical Things (IoMT) Market 2023-2030- By Offerings (Hardware, Software/Solutions, and Services); By Configuration (Stationary/Fixed, Implantable, Wearable, and Others); By Customers (Business-to-consumer (B2C), Business-to-business (B2B), and Business-to-government (B2G)); By Network Connectivity (Wi-Fi, Bluetooth, 4G/5G, LTE-M, NB-IoT, UWB, and Others); By End-Users (Hospitals, Clinics, Clinical Research Organizations, Research and Diagnostic Laboratories, Home Care Settings, Nursing Homes, and Others); By Geography (APAC, Americas, Europe, and MEA).
Global Internet of Medical Things (IoMT) Market 2023-2030
DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the Internet of Medical Things devices shipment is expected to reach XX million units by 2030, growing at a compound annual growth rate (CAGR) of XX% during the 2023-2030 forecast period. The IoMT market was valued at XX million in 2023, driven by several factors, including the growing demand for remote patient monitoring solutions, development in wireless infrastructure, implementation of AI and ML technologies, advancements in sensor technologies, and adoption of cloud computing.
The global trend towards value-based care models and the emphasis on preventive healthcare amplify the significance of IoMT adoption. By providing continuous, real-time health data, IoMT facilitates proactive healthcare management, reduces hospital admissions, and ultimately contributes to cost savings, aligning with the broader industry shift towards value-driven outcomes.
Global Internet of Medical Things (IoMT) Market Research Report Coverage (2023-2030)
| Report coverage | Details | |
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| Base year | 2023 | |
| Forecast year | 2030 | |
| Unit shipment | Thousand units | |
| Revenue | USD million | |
| By offering (Thousand units & USD million) |
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| By configuration (Thousand units & USD million) |
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| By network connectivity (Thousand units & USD million) |
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| By customers (Thousand units & USD million) |
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| By end-users (Thousand units & USD million) |
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| By geography(USD million) |
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| Market players coverage (Top 5 players market share) |
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Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Rising investment in smart Hospitals and healthcare facilities
- Development in cellular and non-cellular connectivity technologies
- Key market trends
- Integration of wearable healthcare devices into IoMT ecosystems
- Convergence of IoMT with artificial intelligence (AI), machine learning (ML), and big data analytics
- Personalization of healthcare
- Key market challenges
- Keeping up with evolving protocols and security standards in a distributed IoMT infrastructure
- Lack of standardization and interoperability among IoMT devices
- Issues related to the ethical use of patient data, consent, and legal liabilities
Key questions to be answered
1. What is the current market size of the Global Internet of Medical Things (IoMT) Market, and what is its growth potential over the next five years?
2. What is the unit shipment of IoMT devices in 2023, and what does the demand look like in the next five years?
3. What is the Compound Annual Growth Rate (CAGR) of the Global Internet of Medical Things (IoMT) market?
4. Which are the key segments covered in the Global Internet of Medical Things (IoMT) Market, and which segments are experiencing the fastest growth?
5. Which geographical region offers the highest growth opportunities in the Global Internet of Medical Things (IoMT) Market?
6. How is the competitive landscape evolving, and who are the key players in the Global Internet of Medical Things (IoMT) Market?
7. Who are the top five players in the Global Internet of Medical Things (IoMT) Market, and what is their respective market share?
8. How are AI and machine learning transforming the Global Internet of Medical Things (IoMT) Market landscape?
TABLE OF CONTENTS
- 1. Project scope
- 1.1 Market definition
- 1.2 Study objective
- 1.3 Scope inclusions
- 1.4 Scope exclusions
- 1.5 Assumptions
- 1.6 Limitations
- 2. Executive summary
- 2.1 Key findings of the study
- 2.2 Key insights from industry experts
- 2.3 Analyst opinion
- 3. Research methodology
- 3.1 Supply-side research methodology
- 3.2 Demand-side research methodology
- 4. Market dynamics
- 4.1 Trends
- 4.2 Drivers
- 4.3 Challenges
- 4.4 Ecosystem
- 4.5 Use cases
- 4.6 Market developments
- 4.6.1 Macroeconomic factors
- 4.6.1.1 Currency fluctuations
- 4.6.1.2 Supply chain disruptions
- 4.6.1.3 Government regulations
- 4.6.1.4 Others
- 4.6.2 Microeconomic factors
- 4.6.2.1 Price fluctuations
- 4.6.2.2 Technological advancements
- 4.6.1 Macroeconomic factors
- 5. Global Internet of Medical Things (IoMT) market size and forecast, by offering
- 5.1 Hardware unit shipment and revenue 2023-2030 (Thousand units and USD million)
- 5.1.1 Blood pressure monitors
- 5.1.2 Cardiac rhythm monitors
- 5.1.3 Glucose monitors
- 5.1.4 Hearing aids
- 5.1.5 Insulin pumps
- 5.1.6 Remote patient monitoring devices
- 5.1.7 Smart inhalers
- 5.1.8 Vital sign monitoring devices
- 5.1.9 Wearables
- 5.2 Software/Solutions revenue 2023-2030 (USD million)
- 5.2.1 Data analytics
- 5.2.2 Data management
- 5.2.3 Remote assistance software solution
- 5.2.4 Telemedicine platform
- 5.2.5 Asset management solution
- 5.2.6 Application security
- 5.2.7 Network security
- 5.3 Services revenue 2023-2030 (USD million)
- 5.3.1 System integration services
- 5.3.2 Consulting, training, and education services
- 5.3.3 Support and maintenance services
- 5.1 Hardware unit shipment and revenue 2023-2030 (Thousand units and USD million)
- 6. Global Internet of Medical Things (IoMT) market size and forecast, by configuration
- 6.1 Unit shipment 2023-2030 (Thousand units)
- 6.1.1 Stationary/fixed
- 6.1.2 Implantable
- 6.1.3 Wearable
- 6.1.4 Others
- 6.2 Revenue 2023-2030 (USD million)
- 6.2.1 Stationary/fixed
- 6.2.2 Implantable
- 6.2.3 Wearable
- 6.2.4 Others
- 6.1 Unit shipment 2023-2030 (Thousand units)
- 7. Global Internet of Medical Things (IoMT) market size and forecast, by network connectivity
- 7.1 Unit shipment 2023-2030 (Thousand units)
- 7.1.1 Wi-Fi
- 7.1.2 Bluetooth
- 7.1.3 4G/5G
- 7.1.4 LTE-M
- 7.1.5 NB-IoT
- 7.1.6 UWB
- 7.1.7 Others
- 7.2 Revenue 2023-2030 (USD million)
- 7.2.1 Wi-Fi
- 7.2.2 Bluetooth
- 7.2.3 4G/5G
- 7.2.4 LTE-M
- 7.2.5 NB-IoT
- 7.2.6 UWB
- 7.2.7n Others
- 7.1 Unit shipment 2023-2030 (Thousand units)
- 8. Global Internet of Medical Things (IoMT) market size and forecast, by customers
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 8.1.1 Business-to-consumer (B2C)
- 8.1.2 Business-to-business (B2B)
- 8.1.3 Business-to-government (B2G)
- 8.2 Revenue 2023-2030 (USD million)
- 8.2.1 Business-to-consumer (B2C)
- 8.2.2 Business-to-business (B2B)
- 8.2.3 Business-to-government (B2G)
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 9. Global Internet of Medical Things (IoMT) market size and forecast, by end-users
- 9.1 Unit shipment 2023-2030 (Thousand units)
- 9.1.1 Hospitals
- 9.1.2 Clinics
- 9.1.3 Clinical research organizations
- 9.1.4 Research and diagnostic laboratories
- 9.1.5 Home care settings
- 9.1.6 Nursing homes
- 9.1.7 Others
- 9.2 Revenue 2023-2030 (USD million)
- 9.2.1 Hospitals
- 9.2.2 Clinics
- 9.2.3 Clinical research organizations
- 9.2.4 Research and diagnostic laboratories
- 9.2.5 Home care settings
- 9.2.6 Nursing homes
- 9.2.7 Others
- 9.1 Unit shipment 2023-2030 (Thousand units)
- 10. Global Internet of Medical Things (IoMT) market size and forecast, by geography
- 10.1 Americas
- 10.1.1 US
- 10.1.2 Canada
- 10.1.3 Mexico
- 10.1.4 Brazil
- 10.1.5 Argentina
- 10.1.6 Rest of Americas
- 10.2 Europe
- 10.2.1 Germany
- 10.2.2 UK
- 10.2.3 France
- 10.2.4 Italy
- 10.2.5 Nordic countries (Sweden, Norway, Denmark, Finland)
- 10.2.6 Rest of Europe
- 10.3 APAC
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Australia
- 10.3.6 Rest of APAC
- 10.4 MEA
- 10.4.1 UAE
- 10.4.2 Saudi Arabia
- 10.4.3 Qatar
- 10.4.4 Rest of Middle East
- 10.4.5 Africa
- 10.1 Americas
- 11. Competitive scenario
- 11.1 Market concentration
- 11.2 Top five companies market share 2023
- 11.3 Key strategies
- 11.4 Key investments
- 12. Company profiles
- 12.1 Abbott
- 12.1.1 Business overview
- 12.1.2 Product portfolio
- 12.1.3 Key developments
- 12.2 AliveCor
- 12.2.1 Business overview
- 12.2.2 Product portfolio
- 12.2.3 Key developments
- 12.3 Becton, Dickinson and Company
- 12.3.1 Business overview
- 12.3.2 Product portfolio
- 12.3.3 Key developments
- 12.4 Biotronik
- 12.4.1 Business overview
- 12.4.2 Product portfolio
- 12.4.3 Key developments
- 12.5 Boston Scientific
- 12.5.1 Business overview
- 12.5.2 Product portfolio
- 12.5.3 Key developments
- 12.6 Caretaker
- 12.6.1 Business overview
- 12.6.2 Product portfolio
- 12.6.3 Key developments
- 12.7 Cisco Systems
- 12.7.1 Business overview
- 12.7.2 Product portfolio
- 12.7.3 Key developments
- 12.8 Dexcom
- 12.8.1 Business overview
- 12.8.2 Product portfolio
- 12.8.3 Key developments
- 12.9 GE HealthCare
- 12.9.1 Business overview
- 12.9.2 Product portfolio
- 12.9.3 Key developments
- 12.10 Honeywell International
- 12.10.1 Business overview
- 12.10.2 Product portfolio
- 12.10.3 Key developments
- 12.11 Baxter
- 12.11.1 Business overview
- 12.11.2 Product portfolio
- 12.11.3 Key developments
- 12.12 iRhythm Technologies
- 12.12.1 Business overview
- 12.12.2 Product portfolio
- 12.12.3 Key developments
- 12.13 Koninklijke Philips
- 12.13.1 Business overview
- 12.13.2 Product portfolio
- 12.13.3 Key developments
- 12.14 Masimo
- 12.14.1 Business overview
- 12.14.2 Product portfolio
- 12.14.3 Key developments
- 12.15 Nonin
- 12.15.1 Business overview
- 12.15.2 Product portfolio
- 12.15.3 Key developments
- 12.16 ResMed
- 12.16.1 Business overview
- 12.16.2 Product portfolio
- 12.16.3 Key developments
- 12.17 Siemens Healthcare
- 12.17.1 Business overview
- 12.17.2 Product portfolio
- 12.17.3 Key developments
- 12.18 VitalConnect
- 12.18.1 Business overview
- 12.18.2 Product portfolio
- 12.18.3 Key developments
- 12.19 Zebra Technologies
- 12.19.1 Business overview
- 12.19.2 Product portfolio
- 12.19.3 Key developments
- 12.1 Abbott
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