How big is the Iot Medical Devices Market | Value, Scope & Expansion 2025

Q: What is the projected size of the IoT medical devices market by 2031?

The IoT medical devices market is estimated to exceed USD 95 Billion by 2031.

Q: What is driving the growth of the IoT medical devices market?

Key drivers include the increasing prevalence of chronic diseases, advancements in wireless technology, and growing adoption of telehealth services.

Q: Which regions are leading in market adoption?

North America holds the largest market share due to advanced healthcare infrastructure and early adoption of IoT technologies.

Q: Who are the key players in the IoT medical devices market?

Prominent players include Medtronic, GE Healthcare, Philips Healthcare, and Johnson & Johnson.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6553

Publication Date: Jul 2025

How Big Is the Iot Medical Devices Market?

According to 6Wresearch internal database and industry insights, the Global IoT medical devices market was valued at USD 47 Billion in 2024 and is anticipated to reach USD 95 Billion by 2031, growing at a CAGR of 10.40 % during the forecast period (2025–2031).

This upsurge is fueled by the surging demand for real-time health monitoring, rising chronic disease burden, and widespread integration of IoT with wearable technologies and telehealth platforms.

Key Growth Factors of the IoT Medical Devices Market

Increasing geriatric population and increased prevalence of lifestyle diseases.
Development of telemedicine and remote patient care systems.
Proliferation of connected wearable devices for continuous patient monitoring.
Government initiatives to digitize healthcare infrastructure globally.
Integration of AI and machine learning for predictive diagnostics.
Enhanced interoperability across medical devices and EHR systems.

IoT Medical Devices Market Trends

IoT Medical Devices Market is evolving with the integration of AI-powered analytics, edge computing, and cloud-based platforms that support remote diagnostics and predictive care. There is growing adoption of implantable IoT devices, especially for cardiovascular and neurological monitoring.

Meanwhile, wearable biosensors, smart insulin pumps, and IoT-enabled imaging systems are gaining traction. Cybersecurity and data privacy remain central themes shaping future product development.

Emerging Developments in the IoT Medical Devices Market

Emerging developments shaping the IoT Medical Devices Market includes the development of non-invasive glucose monitoring wearables, 5G-enabled medical IoT devices for faster data transmission, and smart inhalers for asthma and COPD. Additionally, the convergence of IoT with blockchain technology is being explored for secure patient data management. Device manufacturers are increasingly focusing on FDA-approved IoT solutions and personalized healthcare ecosystems.