The global market for IoMT is projected to have a considerable CAGR of around 24.6% during the forecast period. The IoMT is a collection of medical devices and applications connected to healthcare IT systems via online computer networks in which data can be exchanged among other devices without requiring human-to-human or human-to-computer interaction. These devices are used to improve healthcare quality while reducing the cost and time. Various IoMT applications in hospitals and clinics involve patient monitoring, X-ray machines, CT scans, and smart apps used to connect patients and doctors at remote places. In the medical device industry, major growth has been observed as IoT based medical technology has been adopted widely in developed economies. The innovation of new IoMT devices and the adoption of these devices in healthcare organizations on large scale owing to the increasing need for patients’ outcomes are the major factors driving the growth of the market. On the other hand, the large adoption of electronic health records (EHR) has been another major factor driving the market growth.

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The global IoMT market is segmented based on component, application, and end-user. Based on component, the market is categorized into medical devices, and software & services. Based on application, the market is classified into patient monitoring, telemedicine, connected imaging, drug development, and others. Among these, the use of IoMT devices in the patient monitoring segment is expected to grow significantly during the forecast period. As these devices are coupled with advanced technology through which patient diagnosis and medication can be monitored through smart devices from remote locations. The IoMT market based on end-user divided into hospitals & clinics, research institutes & academics, and homecare.

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Geographically, the global IoMT market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, Asia-Pacific is expected to be the fastest growing region during the forecast period owing to rising digitalization in the healthcare sector and increasing adoption of EHR in emerging countries. The rise in disposable income, increase in awareness regarding technological advancement in IoMT devices, and increasing demand for better patient outcomes are the major factors driving regional growth.

Global Internet of Medical Things (IoMT) Market– Segmentation
By Component
Medical Devices
Software and Services
By Application
Patient Monitoring
Telemedicine
Connected Imaging
Drug Development
Others (Fitness and Wellness Measurement)
By End-User
Hospitals and Clinics
Research Institutes and Academics
Homecare

Global Internet of Medical Things (IoMT) Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Adheretech, LLC
AliveCor, Inc.
Apple, Inc.
BioSerenity SAS
Boston Scientific Corp.
Carré Technologies Inc.
CenTrak, Inc.
Cisco Systems, Inc.
Cue Health Inc.
EarlySense, Ltd.
Evermind Inc.
EyeNetra Inc.
GE Healthcare (General Electric Co.)
InfoBionic, Inc.
iRhythm Technologies, Inc.
IBM Corp.
Kinsa, Inc.
Koninklijke Philips N.V.
Mc10, Inc.
Medtronic PLC
NeuroSky, Inc.
Neurovigil, Inc
Owlet Baby Care, Inc.
Qardio, Inc.
SAP SE
Siemens Healthcare GmbH


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