IoT Sensors in Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The market for IoT sensors in healthcare is witnessing significant growth, driven by the increasing integration of interconnected devices within the healthcare industry. IoT sensors in healthcare refer to a network of devices designed to collect and transmit data related to patients' health conditions and medical status.Valued at $4.86 billion in 2024, the market is projected to reach $12.29 billion by 2031, expanding at a CAGR of 14.20%. These devices, including wearable technology, smart pills, environmental sensors, and other medical devices, play a crucial role in enhancing patient care by providing real-time data to healthcare providers.

The data collected by these IoT sensors encompasses a wide range of health-related information, such as vital signs, medication adherence, physical activity, sleep patterns, and environmental conditions. This wealth of data allows healthcare providers to monitor patients remotely, identify potential health issues before they escalate, and improve the overall quality of care. As part of the broader trend toward connected health, IoT sensors are poised to become increasingly integral to the future of healthcare, as the industry continues to embrace digital health solutions.

The IoT sensors in the healthcare market hold a significant share of the global IoT sensors market. Among the various regions, North America has established itself as the leading market for IoT sensors in healthcare, holding the largest market share globally. The region's dominance is expected to continue as the adoption of IoT sensors in healthcare grows. In Europe, the market for IoT sensors in healthcare is also substantial, with a considerable share of the global market.

However, despite the promising growth prospects, the adoption of IoT sensors in healthcare is not without challenges. One of the primary concerns is the security of healthcare data. Given the sensitive nature of healthcare information, any breaches in security can have severe implications for patient safety and privacy. The use of IoT sensors raises concerns about data privacy, as these devices collect personal health information, including vital signs, medication usage, and other health-related data. To mitigate these concerns, healthcare organizations must prioritize the security of IoT devices and ensure that patient data is protected from unauthorized access or disclosure.

Recent developments in the IoT sensors in the healthcare market include partnerships and technological advancements aimed at improving healthcare services. For instance, a partnership was formed between a prominent enterprise in the IoT and AI sector and a digital health technology company. This collaboration aims to develop AI and IoT tools to enhance healthcare facilities, particularly in regions with growing healthcare needs. Additionally, a neurological precision company received regulatory clearance to use a popular wearable device for collecting data from patients with specific medical conditions. This development highlights the potential of IoT sensors to provide valuable information for routine care and improve patient outcomes.

In the United States, the demand for IoT sensors in healthcare is expected to rise due to the high efficiency of these devices in transforming healthcare delivery. IoT sensors enable remote patient monitoring, real-time tracking of health data, and provide actionable insights for healthcare providers. The ongoing impact of global health events has further accelerated the adoption of remote patient monitoring technologies, including IoT sensors, as healthcare providers seek to minimize in-person contact while delivering care. This shift has driven the demand for IoT sensors in healthcare, with the potential to reduce healthcare costs and improve patient outcomes.

India is emerging as a significant market for IoT sensors in healthcare, driven by the country's growing healthcare sector. Factors such as an increasing population, rising incomes, and greater awareness of healthcare's importance contribute to this growth. IoT sensors are being increasingly utilized in various healthcare applications, such as remote patient monitoring, telemedicine, and real-time location systems for medical equipment and personnel. In the Indian context, remote patient monitoring is particularly relevant, as it allows healthcare providers to monitor patients in remote or underserved areas, improving access to healthcare and patient outcomes.

In the United Kingdom, the demand for home healthcare appliances is on the rise, contributing to the growth of IoT sensors in healthcare. Home healthcare appliances include devices such as blood pressure monitors, glucose meters, and portable oxygen tanks, which can be used in a patient's home to provide medical care. The increasing demand for these appliances drives the need for remote patient monitoring, where IoT sensors play a significant role. By using IoT sensors to monitor patients remotely, healthcare providers can detect changes in health status in real-time and intervene before more severe health issues arise, leading to improved patient outcomes and reduced hospital readmissions.

Category-wise, patient monitoring applications dominate the IoT sensors in healthcare market. The use of IoT sensors in patient monitoring has the potential to significantly improve patient outcomes. By providing real-time data on health and behavior, these sensors enable healthcare providers to identify potential issues early and intervene before they become more severe. This proactive approach can lead to better patient outcomes, improved quality of care, and increased patient satisfaction. Additionally, IoT sensors in patient monitoring can help reduce healthcare costs by enabling remote monitoring, eliminating the need for frequent hospital visits, which can be both costly and time-consuming.

The demand for IoT sensors in healthcare is also influenced by the rising prevalence of chronic diseases. Hospitals are increasingly adopting IoT sensors to improve patient outcomes, reduce costs, and streamline workflows. Chronic diseases require ongoing management and monitoring, which can be resource-intensive. IoT sensors provide a solution by enabling remote monitoring and personalized care, which is especially beneficial for patients with chronic conditions. Moreover, hospitals use IoT sensors to enhance patient safety, track medical equipment, and optimize hospital workflows, such as monitoring patient movement and detecting falls.

The competitive landscape of the IoT sensors in the healthcare market is characterized by companies developing IoT technologies tailored to different segments of the healthcare industry. These include IoT devices for patients, physicians, hospitals, and health insurance companies. The data collected from IoT sensors is typically delivered to the cloud, where it can be stored and accessed for further analysis and services. Recent advancements in IoT technology include the development of tactile neuron devices embedded with artificial neural networks, which can be used to apply pressure to cancerous sites and combine the readings with medical imaging to identify tumors with high accuracy.

Key Companies Profiled

Keysight Technologies
TE Connectivity
Digi-Key Electronics
GE Healthcare
Abbot
Peerbits
Itrex Group
Alivecor
Bosch
Johnson Controls
Philips
Honeywell

Key Segments of IoT Sensors in Healthcare Market Industry Research

By Application:

Patient Monitoring
Diagnostics
Clinical Efficiency
Other Applications

By End User:

Hospitals
Clinical Research Organizations (CROs)
Rehabilitation Centers
Residential
Other End Users

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global IoT Sensors in Healthcare Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global IoT Sensors in Healthcare Market Outlook, 2019 - 2031

3.1. Global IoT Sensors in Healthcare Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Patient Monitoring
  - 3.1.1.2. Diagnostics
  - 3.1.1.3. Clinical Efficiency
  - 3.1.1.4. Other Applications
3.2. Global IoT Sensors in Healthcare Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Hospitals
  - 3.2.1.2. Clinical Research Organizations (CROs)
  - 3.2.1.3. Rehabilitation Centers
  - 3.2.1.4. Residential
  - 3.2.1.5. Other End Users
3.3. Global IoT Sensors in Healthcare Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America IoT Sensors in Healthcare Market Outlook, 2019 - 2031

4.1. North America IoT Sensors in Healthcare Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Patient Monitoring
  - 4.1.1.2. Diagnostics
  - 4.1.1.3. Clinical Efficiency
  - 4.1.1.4. Other Applications
4.2. North America IoT Sensors in Healthcare Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Hospitals
  - 4.2.1.2. Clinical Research Organizations (CROs)
  - 4.2.1.3. Rehabilitation Centers
  - 4.2.1.4. Residential
  - 4.2.1.5. Other End Users
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America IoT Sensors in Healthcare Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 4.3.1.2. U.S. IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 4.3.1.3. Canada IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 4.3.1.4. Canada IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe IoT Sensors in Healthcare Market Outlook, 2019 - 2031

5.1. Europe IoT Sensors in Healthcare Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Patient Monitoring
  - 5.1.1.2. Diagnostics
  - 5.1.1.3. Clinical Efficiency
  - 5.1.1.4. Other Applications
5.2. Europe IoT Sensors in Healthcare Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Clinical Research Organizations (CROs)
  - 5.2.1.3. Rehabilitation Centers
  - 5.2.1.4. Residential
  - 5.2.1.5. Other End Users
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe IoT Sensors in Healthcare Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.2. Germany IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 5.3.1.3. U.K. IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.4. U.K. IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 5.3.1.5. France IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.6. France IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 5.3.1.7. Italy IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.8. Italy IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 5.3.1.9. Turkey IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.10. Turkey IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 5.3.1.11. Russia IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.12. Russia IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 5.3.1.13. Rest of Europe IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.3.1.14. Rest of Europe IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific IoT Sensors in Healthcare Market Outlook, 2019 - 2031

6.1. Asia Pacific IoT Sensors in Healthcare Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Patient Monitoring
  - 6.1.1.2. Diagnostics
  - 6.1.1.3. Clinical Efficiency
  - 6.1.1.4. Other Applications
6.2. Asia Pacific IoT Sensors in Healthcare Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Clinical Research Organizations (CROs)
  - 6.2.1.3. Rehabilitation Centers
  - 6.2.1.4. Residential
  - 6.2.1.5. Other End Users
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific IoT Sensors in Healthcare Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.3.1.2. China IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 6.3.1.3. Japan IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.3.1.4. Japan IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 6.3.1.5. South Korea IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.3.1.6. South Korea IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 6.3.1.7. India IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.3.1.8. India IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 6.3.1.9. Southeast Asia IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.3.1.10. Southeast Asia IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 6.3.1.11. Rest of Asia Pacific IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.3.1.12. Rest of Asia Pacific IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America IoT Sensors in Healthcare Market Outlook, 2019 - 2031

7.1. Latin America IoT Sensors in Healthcare Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Patient Monitoring
  - 7.1.1.2. Diagnostics
  - 7.1.1.3. Clinical Efficiency
  - 7.1.1.4. Other Applications
7.2. Latin America IoT Sensors in Healthcare Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospitals
  - 7.2.1.2. Clinical Research Organizations (CROs)
  - 7.2.1.3. Rehabilitation Centers
  - 7.2.1.4. Residential
  - 7.2.1.5. Other End Users
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America IoT Sensors in Healthcare Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.3.1.2. Brazil IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 7.3.1.3. Mexico IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.3.1.4. Mexico IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 7.3.1.5. Argentina IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.3.1.6. Argentina IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 7.3.1.7. Rest of Latin America IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.3.1.8. Rest of Latin America IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa IoT Sensors in Healthcare Market Outlook, 2019 - 2031

8.1. Middle East & Africa IoT Sensors in Healthcare Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Patient Monitoring
  - 8.1.1.2. Diagnostics
  - 8.1.1.3. Clinical Efficiency
  - 8.1.1.4. Other Applications
8.2. Middle East & Africa IoT Sensors in Healthcare Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Clinical Research Organizations (CROs)
  - 8.2.1.3. Rehabilitation Centers
  - 8.2.1.4. Residential
  - 8.2.1.5. Other End Users
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa IoT Sensors in Healthcare Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.3.1.2. GCC IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 8.3.1.3. South Africa IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.3.1.4. South Africa IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 8.3.1.5. Egypt IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.3.1.6. Egypt IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 8.3.1.7. Nigeria IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.3.1.8. Nigeria IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
  - 8.3.1.9. Rest of Middle East & Africa IoT Sensors in Healthcare Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.3.1.10. Rest of Middle East & Africa IoT Sensors in Healthcare Market by End User, Value (US$ Bn), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2023
9.2. Competitive Dashboard
9.3. Company Profiles
- 9.3.1. Keysight Technologies
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Therapy Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. TE Connectivity
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Therapy Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. Digi-Key Electronics
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Therapy Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. GE Healthcare
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Therapy Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. Abbot
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Therapy Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development
- 9.3.6. Peerbits
  - 9.3.6.1. Company Overview
  - 9.3.6.2. Therapy Portfolio
  - 9.3.6.3. Financial Overview
  - 9.3.6.4. Business Strategies and Development
- 9.3.7. Itrex Group
  - 9.3.7.1. Company Overview
  - 9.3.7.2. Therapy Portfolio
  - 9.3.7.3. Financial Overview
  - 9.3.7.4. Business Strategies and Development
- 9.3.8. Alivecor
  - 9.3.8.1. Company Overview
  - 9.3.8.2. Therapy Portfolio
  - 9.3.8.3. Financial Overview
  - 9.3.8.4. Business Strategies and Development
- 9.3.9. Bosch
  - 9.3.9.1. Company Overview
  - 9.3.9.2. Therapy Portfolio
  - 9.3.9.3. Financial Overview
  - 9.3.9.4. Business Strategies and Development
- 9.3.10. Johnson Controls
  - 9.3.10.1. Company Overview
  - 9.3.10.2. Therapy Portfolio
  - 9.3.10.3. Financial Overview
  - 9.3.10.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations