Asia Pacific Internet Of Medical Things (iomt) Market Size & Outlook
Asia Pacific internet of medical things (iomt) market, 2018-2030 (US$M)
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Asia Pacific internet of medical things (iomt) market highlights
- The Asia Pacific internet of medical things (iomt) market generated a revenue of USD 48.1 billion in 2023.
- The market is expected to grow at a CAGR of 23.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 48.1 billion |
| Market revenue in 2030 | USD 212.1 billion |
| Growth rate | 23.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.4% of the global internet of medical things (iomt) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 47.1 billion by 2030.
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Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific internet of medical things (iomt) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to internet of medical things (iomt) market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 45.74% in 2023. Horizon Databook has segmented the Asia Pacific internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific Internet of Medical Things market accounted for a significant revenue share of 26.8% in 2023. The development of high-speed networking technologies and the increasing availability of cloud-based platforms are enabling the growth of the IoMT market in Asia-Pacific. In addition, in rural areas of Asia-Pacific, where access to healthcare facilities is limited, telehealth platforms are becoming increasingly popular.
IoMT devices enable healthcare providers to deliver care remotely, improving access to healthcare services for underserved populations. The governments in various countries of Asia-Pacific are focusing on making remote monitoring solutions crucial for providing healthcare services to these remote or underserved areas, which is expected to drive the market growth in the coming years.
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Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific internet of medical things (iomt) market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific internet of medical things iomt market report size, by country, 2018-2030 (US$M)
Asia Pacific Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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