China Internet Of Medical Things (iomt) Market Size & Outlook
China internet of medical things (iomt) market, 2018-2030 (US$B)
Related Markets
China internet of medical things (iomt) market highlights
- The China internet of medical things (iomt) market generated a revenue of USD 16.4 billion in 2023 and is expected to reach USD 63.1 billion by 2030.
- The China market is expected to grow at a CAGR of 21.3% 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.
Internet of medical things (iomt) market data book summary
| Market revenue in 2023 | USD 16.4 billion |
| Market revenue in 2030 | USD 63.1 billion |
| Growth rate | 21.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 9.0% of the global internet of medical things (iomt) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China internet of medical things (iomt) market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 30.6 billion by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 45.12% in 2023. Horizon Databook has segmented the China internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The China Internet of Medical Things market dominated the Asia Pacific region in 2023 with a market share of 34.0%. The growing emphasis on data security and privacy is driving the adoption of IoMT in China.
With the growing amount of health data being transmitted and stored through connected medical devices, there is a heightened focus on ensuring that data is secure and complies with regulations. Chinese companies are investing in robust cybersecurity measures to protect patient information.
These collaborations aim to leverage advanced technologies such as artificial intelligence (AI) and big data analytics to improve healthcare outcomes, enhance patient care, and optimize operational efficiency within healthcare facilities; as a result, the country is expected to experience significant growth in the coming years.
Reasons to subscribe to China internet of medical things (iomt) market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China internet of medical things (iomt) market databook
-
Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into China internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China internet of medical things iomt market report size, by component, 2018-2030 (US$B)
China Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$B)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
