Internet Of Medical Things (IoMT) Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Internet Of Medical Things (IoMT) Market from 2024 to 2033?
The internet of medical things (IoMT) market has experienced exponential growth. It is forecasted to rise from $64.48 billion in 2023 to $79.64 billion in 2024 at a CAGR of 23.5%. This growth is due to the aging population, improved network connectivity, increased healthcare investments, and government initiatives.
The internet of medical things (IoMT) market is expected to grow to $192.02 billion in 2028, at a CAGR of 24.6%. Factors driving this growth include the rollout of 5G networks, the expansion of telemedicine, the prevalence of chronic diseases, the popularity of wearable devices, and the increasing adoption of electronic health records. Trends include remote surgery, predictive healthcare, AI and ML integration, and smart hospital development.
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The rise in connected medical devices is projected to support growth in the internet of medical things (IoMT) market. Connected devices enable real-time patient monitoring, data collection, and enhanced healthcare delivery, improving patient outcomes and healthcare efficiency. In June 2021, Statistics Canada reported that in 2020, 25% of Canadians used the internet for health tracking, while 14% used wearable smart gadgets with internet access, such as smartwatches or glucose monitors. Thus, the increasing use of connected medical devices is expected to drive growth in the IoMT market.
1) By Device Type: Wearable Devices, Stationary Devices, Implantable Devices, Other Devices
2) By Application: Data Assortment And Analysis, Real-Time Monitoring, Remote Medical Assistance, Tracking And Alerts, Other Applications
3) By End User: Healthcare Providers, Patients, Government Authorities, Other End Users
In the internet of medical things (IoMT) market, companies are integrating new technologies and connectivity solutions. Medtronic PLC, an Ireland-based medical device company, launched the SonarMed airway monitoring system in May 2021. This system continuously monitors endotracheal tube obstruction and position in newborns and infants, providing real-time data to clinicians to help make life-saving decisions.
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North America was the largest region in the adult malignant glioma therapeutics market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adult malignant glioma therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Internet Of Medical Things (IoMT) Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the internet of medical things (iomt) market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Internet Of Medical Things (IoMT) Market Include
1. Internet Of Medical Things (IoMT) Market Executive Summary
2. Internet Of Medical Things (IoMT) Market Segments
3. Internet Of Medical Things (IoMT) Market Size And Template Market Growth Rate
4. Key Internet Of Medical Things (IoMT) Market Trends
5. Major Internet Of Medical Things (IoMT) Market Drivers
……
25. Key Mergers And Acquisitions In The Internet Of Medical Things (IoMT) Market
26. Top Internet Of Medical Things (IoMT) Companies
27. Internet Of Medical Things (IoMT) Market Opportunities And Strategies
28. Internet Of Medical Things (IoMT) Market, Conclusions And Recommendations
29. Appendix
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