Internet of Things in Healthcare Market Global Trends And Revenue Growth Up
Internet of Things in Healthcare Market Summary The global Internet of Things (IoT) in healthcare market size was valued at USD 44.21 billion in 2023 and is anticipated to grow significantly to reach USD 169.99 billion by 2030, expanding at a compound annual growth rate (CAGR) of 21.2% between 2024 and 2030. This growth is largely driven by the increasing usage of smartphones, smart devices, and wearable technologies that facilitate efficient and real-time patient monitoring. Furthermore, the growing adoption of remote patient monitoring (RPM) technologies to improve patient outcomes outside hospital settings is another major factor boosting market expansion. The COVID-19 pandemic acted as a catalyst for the industry, accelerating the adoption of digital technologies such as IoT within the healthcare sector. Due to social distancing guidelines and heightened concerns around physical contact, there was a sharp rise in the demand for remote healthcare services. IoT-enab...