The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the internet of medical things (iomt) market further?
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 December 2022, according to the National Health Service UK-based government department in 2021/22, X-rays led with 21.8 million tests (up 30%), followed by ultrasound at 10.1 million (up 23%), CT scans at 6.7 million (up 21%), and MRI scans at 3.8 million (up 28%). All other imaging modalities also saw increases: fluoroscopy by 23%, nuclear medicine by 22%, SPECT by 39%, PET-CT scans by 20%, and medical photography by 11%. Therefore, the increasing use of connected medical devices drives the growth of the internet of medical things (IoMT) market.
Internet Of Medical Things (IoMT) Market Driver: Iot Adoption Fuels Growth Of The Internet Of Medical Things Market
The increasing adoption of IoT devices is expected to drive the growth of the Internet of Medical Things (IoMT) market. The Internet of Things (IoT) refers to a network of physical objects or things embedded with sensors, software, and connectivity capabilities that enable them to collect and exchange data over the Internet. The Internet of Medical Things (IoMT) includes essential IoT (Internet of Things) devices that make it simpler to gather, transmit, and analyze health-related data for a range of medical and healthcare applications. For instance, in January 2022, data from the GSM Association, a UK-based non-profit industry organization, projected that global IoT connections would surge to 23.3 billion by 2025, a notable increase from the 15.1 billion connections recorded in 2021. Therefore, the increasing adoption of IoT devices drives the growth of the Internet of Medical Things (IoMT) market.
Access Your Free Sample of the Global Amusement Parks Global Market Report 2025 Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12935&type=smp
What are the key factors influencing the forecasted market size of the internet of medical things (iomt) industry?
The internet of medical things (IoMT) market size has grown exponentially in recent years. It will grow from $79.64 billion in 2024 to $97.73 billion in 2025 at a compound annual growth rate (CAGR) of 22.7%. 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 $244.4 billion in 2029 at a compound annual growth rate (CAGR) of 25.8%. The growth in the forecast period can be attributed to rollout of 5g networks, telemedicine expansion, prevalence of chronic diseases, growing popularity of wearable devices, increasing adoption of electronic health records. Major trends in the forecast period include remote surgery, predictive healthcare, advancements in healthcare technology, artificial intelligence (AI) and machine learning (ML) integration, smart hospitals.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=12935&type=smp
Who are the leading competitors in the internet of medical things (iomt) market?
Major companies operating in the internet of medical things (IoMT) market are Google LLC, Microsoft Corporation, Johnson & Johnson Services Inc., Siemens Healthineers AG, Roche Diagnostics Corporation, Cisco Systems Inc., Qualcomm Life Inc., Abbott Laboratories, Oracle Corporation, Honeywell International Inc., Medtronic PLC, Becton Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Zebra Technologies Corp., Smith & Nephew PLC, Otsuka America Pharmaceutical Inc., ResMed Inc., AptarGroup Inc., DexCom Inc., Masimo Corporation, iRhythm Technologies Inc., Merative L.P., Capsule Technologies Inc., Owlet Baby Care Inc., AgaMatrix Inc., AliveCor.
Which emerging trends are set to transform the internet of medical things (iomt) market landscape?
Major companies operating in the Internet of Medical Things (IOMT) market are focused on adopting new technological solutions, such as AI-enabled cath labs, to address cardiovascular disease burden in India. An AI-enabled cath lab is a specialized medical facility equipped with advanced imaging technology and artificial intelligence that enhances the precision and efficiency of cardiac procedures, facilitating real-time optimization of imaging parameters and supporting minimally invasive interventions. For instance, in September 2022, GE HealthCare Technologies, Inc., a US-based medical technology company, launched its first AI-enabled cath lab, the Optima IGS 320, aimed at enhancing cardiac care in India. Built at a new factory in Bengaluru under the Production Linked Incentive (PLI) scheme, the Cath lab incorporates GE’s proprietary AutoRight technology powered by Edison, which optimizes imaging and dose parameters in real-time. This innovation addresses the rising burden of cardiovascular diseases in India, particularly among younger populations, by facilitating minimally invasive procedures. The Optima IGS 320 supports interventional cardiologists with intelligent imaging, improving precision and reducing the overall complexity of procedures.
How do different geographies compare in terms of market share and growth potential in the internet of medical things (iomt) market?
North America was the largest region in the internet of medical things (IoMT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in internet of medical things (IoMT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Order Your Report Now For Swift Delivery
Which major segments of the internet of medical things (iomt) market are experiencing the fastest growth?
The internet of medical things (IoMT) market covered in this report is segmented –
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
Subsegments:
1) By Wearable Devices: Smartwatches, Fitness Trackers, Health Monitoring Patches, Wearable ECG Monitors
2) By Stationary Devices: Smart Beds, Vital Sign Monitors, Connected Diagnostic Equipment, Telehealth Stations
3) By Implantable Devices: Pacemakers, Continuous Glucose Monitors, Neurostimulators, Drug Delivery Systems
4) By Other Devices: Home Health Monitoring Devices, Connected Inhalers, Medication Adherence Devices, Smart Thermometers
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12935
How is the internet of medical things (iomt) market defined?
The internet of medical things (IoMT) refers to the interconnected network of medical devices, equipment, sensors and software applications that collect, transmit and exchange healthcare-related data through the internet. The internet of medical things (IoMT) leverages the principles of the broader internet of things (IoT) concept to enhance healthcare by enabling remote patient monitoring, real-time data analysis and improved patient care.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
