IoT in healthcare market seen topping $714B by 2030

The Business Research Company says the global Internet of Things in healthcare market is on track to exceed $714 billion by 2030, driven by remote patient monitoring, AI, cloud computing and government-backed digital health programs. North America is projected to lead the market, while medical devices remain the largest segment.

Why it matters: - The Internet of Things in healthcare is moving from a niche technology to a core part of digital health infrastructure. - The market’s projected scale suggests a major shift in how hospitals, providers and patients connect devices, data and care delivery. - Growth is being driven by demand for remote monitoring, predictive care and more efficient hospital operations.

What happened: - The Business Research Company released its Internet of Things (IoT) in Healthcare Global Market Report 2026 with forecasts through 2035. - The report projects the market will surpass $714 billion by 2030. - That would make healthcare IoT about 55% of the global IoT market, which the report values at about $1,297 billion by 2030. - The report says healthcare IoT will account for close to 5% of the broader information technology market, projected at $13,788 billion by 2030. - The segment is forecast to grow at a 20% CAGR through 2030.

The details: - Remote patient monitoring is a major growth driver as chronic illness and aging populations increase demand for care outside clinical settings. - Connected wearable devices help providers monitor patients in real time, reduce hospital admissions and emergency room visits, and improve treatment adherence and early complication detection. - Remote patient monitoring is expected to add about 2.9% annual growth to the market. - AI, cloud computing and connected medical devices are combining to store and analyze continuous patient data, predict risks and tailor treatment plans. - That technology mix is expected to contribute about 2.7% yearly growth. - Government digital health programs are also supporting adoption through telehealth reimbursement, smart hospital development and nationwide electronic health record systems. - Public-private partnerships are accelerating connected medical technology innovation. - Government action is forecast to contribute around 2.2% annual growth. - Generative AI platforms are expanding healthcare IoT capabilities in remote monitoring, clinical decision support and connected care delivery. - In March 2025, Validic launched the Validic Inform health IoT platform and the Validic Impact remote patient management solution on AWS Marketplace. - The tools are designed to enable real-time patient data integration, automated health insights, customized remote care and streamlined clinical workflows. - Medical devices are expected to be the largest component segment by 2030, at 53% of the market or $378 billion. - The report points to smart diagnostic and therapeutic devices, home-based wireless monitoring, low-power sensors and links between real-time data and clinical decision support tools. - The market is segmented across cellular, Wi-Fi, near field communications, satellite, Bluetooth and Zigbee connectivity. - Key applications include telemedicine, clinical operations and workflow management, inpatient monitoring, medication management and connected imaging. - End users include clinical research organizations, government bodies, laboratories, hospitals, clinics and other healthcare providers. - North America is projected to remain the largest regional market by 2030 at $281 billion, up from $114 billion in 2025. - The region is forecast to grow at a 20% CAGR, led by the U.S. and Canada. - The U.S. is expected to be the top country market at $243 billion in 2030, up from $101 billion in 2025, at a 19% CAGR. - Growth in North America is tied to connected medical devices, remote monitoring, digital hospital infrastructure, telehealth reimbursement, cloud platforms, interoperable data systems and AI-driven IoT adoption. - The report says medical devices, systems and software, and services will add more than $433 billion in value between 2025 and 2030. - Of that total, medical devices account for $221 billion, systems and software for $142 billion, and services for $70 billion.

Between the lines: - The market remains fragmented, with the top 10 companies accounting for just 10% of revenue in 2025. - That fragmentation suggests room for more consolidation, partnerships and niche specialization. - The report also points to barriers that still slow entry, including healthcare privacy rules, interoperability problems, cybersecurity demands and medical device compliance standards. - Medtronic PLC leads the market with a 2% share of global sales in 2025. - Koninklijke Philips N.V., GE HealthCare, Siemens Healthineers GmbH, IBM Corporation, Cisco Systems Inc., Intel Corporation, Microsoft Corporation, SAP SE and HCL Technologies each hold about 1%. - Other named players include Lenovo Healthcare Information Technology, Hill-Rom Services Inc., Senseonics Holdings Inc., Bioserenity, Renalytix AI, Dacadoo, Healthbank, BenevolentAI, Cambridge Cognition, Diagnocat, Myriota and Aeron Systems. - The supplier base spans chipmakers and component companies such as Intel, Qualcomm, NXP Semiconductors, STMicroelectronics, Texas Instruments, Analog Devices, Infineon, Microchip Technology, Renesas, Murata, TE Connectivity, Amphenol, Sony Semiconductor Solutions, Skyworks, Broadcom, MediaTek, Nordic Semiconductor, Semtech, Silicon Laboratories, ROHM, Vishay, Littelfuse, TDK, Epson Device and Qorvo. - Distribution partners listed in the report include McKesson, Cardinal Health, Cencora, Owens & Minor, Henry Schein, Medline, Fisher Scientific, VWR International, Avantor, Concordance Healthcare Solutions, NDC, Bound Tree Medical, US Med-Equip, LifeHealthcare Group, DKSH, Uniphar, Phoenix Pharma, Mediq, Bunzl, Movianto, H.D. Smith, Alloga, IMCO, Hospital Services and Medisca. - Major healthcare end users named in the report include HCA Healthcare, Mayo Clinic, Cleveland Clinic, Kaiser Permanente, Ascension Health, CommonSpirit Health, Universal Health Services, Apollo Hospitals Enterprise, Ramsay Health Care, Tenet Healthcare, Fresenius Medical Care, DaVita, NHS Foundation Trusts, Providence Health & Services, Trinity Health, Intermountain Health, Mount Sinai Health System, Sutter Health, Johns Hopkins Medicine, Mass General Brigham, AdventHealth, Cedars-Sinai Medical Center, NewYork-Presbyterian Hospital, Stanford Health Care and Banner Health.

What's next: - The report expects further investment in partnerships, product development and geographic expansion as demand rises for remote monitoring, real-time analytics and interoperable systems. - Healthcare IoT adoption is likely to accelerate as providers push deeper into hospital-at-home care, smart hospital systems and AI-enabled workflows. - The Business Research Company said its 2026 reports now include market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel dashboards, market hotspot infographics and future trend analysis. - More information is available in the full report. - A free sample of the report is also available.