The Business Research Company’s Internet Of Medical Things (IoMT) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Internet Of Medical Things (IoMT) Global Market Report 2023 evaluates internet of medical things (iomt) market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global internet of medical things (iomt) market is expected to grow from $64.48 billion in 2023 to $79.64 billion in 2024 at a compound annual growth rate (CAGR) of 23.5%. The growth in the historic period can be attributed to aging population, increased network connectivity, increasing investment in healthcare, government initiatives.The internet of medical things (iomt) market size is expected to see exponential growth in the next few years. It will grow to $192.02 billion in 2028 at a compound annual growth rate (CAGR) of 24.6%.
The increasing use of connected medical devices is expected to propel the growth of the internet of medical things (IoMT) market going forward. Connected medical devices are equipment that can communicate and share data or other systems, often through wireless technology, for monitoring, diagnosing, or treating patients. Connected devices enhance real-time patient monitoring, streamline data collection and improve healthcare delivery by enabling IoMT technologies, leading to improved patient outcomes, reduced hospitalizations and greater operational efficiency in healthcare systems. For instance, in June 2021, according to a survey released by Statistics Canada, a Canada-based government agency, in 2020, one-quarter of Canadians (25%) used the Internet to track their fitness or health, such as to count steps or make meal plans, while over two-thirds (69%) used it to look for health-related information. In addition, 14% of Canadians reported using a wearable smart gadget with Internet access, such as a smartwatch, FitBit, or glucose monitor. Therefore, the increasing use of connected medical devices drives the growth of the internet of medical things (IoMT) market.
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The internet of medical things (iomt) market segments in the report are:
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
The table of contents in TBRC’s internet of medical things (iomt) market report includes:
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