Global Internet of Things (IoT) Market in Healthcare Size and Forecast by Component Type, Connectivity Technology, Application, Healthcare Facility Type and Region: 2019-2034

---

Industry Findings: Healthcare providers continue expanding connected monitoring infrastructure to improve patient tracking, equipment utilization, and remote care delivery across hospitals and outpatient environments. IoT-enabled clinical systems increasingly support real-time asset visibility, temperature-controlled medicine storage, and predictive maintenance for medical equipment as healthcare organizations modernize operational workflows. Remote patient monitoring adoption also continues rising because aging populations and chronic disease management requirements are placing additional pressure on healthcare systems globally. In 2025, the European Health Data Space regulation entered into force across the European Union to strengthen secure digital health data exchange and interoperability standards, with implementation activity extending through the next decade. As per our assessment, the regulatory shift toward interoperable healthcare ecosystems is accelerating demand for connected medical infrastructure, IoT-enabled monitoring systems, and integrated healthcare analytics platforms.

Industry Player Insights: Medtronic, GE HealthCare, Siemens Healthineers, Philips, and Cisco Systems operate prominently across the Global Internet of Things (IoT) Market in Healthcare. Medtronic expanded remote patient monitoring capabilities during 2024 through additional AI-supported connectivity integrations across chronic care management platforms designed to improve continuous patient oversight and device interoperability. Separately, GE HealthCare strengthened connected care deployments during 2024 by advancing cloud-enabled imaging and monitoring infrastructure supporting centralized hospital operations and predictive maintenance workflows. Vendors increasingly compete through clinical interoperability, connected diagnostics integration, and real-time healthcare infrastructure intelligence rather than standalone medical device connectivity.