The IoT In Healthcare Market size is estimated at USD 147.44 billion in 2024, and is expected to reach USD 348.03 billion by 2029, growing at a CAGR of 18.74% during the forecast period (2024-2029).
The IoT market is driven by the growing adoption of healthcare information systems, the emergence of big data in healthcare, improved device accuracy and connectivity, and the increasing penetration of connected devices in healthcare.
The Internet of Things (IoT) in the healthcare market is moderately competitive and consists of several major players. The companies are implementing specific strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them strengthen their market positions. The key players in this market are Medtronic, GE Healthcare, Koninklijke Philips NV, Honeywell Life Care Solutions, and Biotronik.
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