India Internet Of Medical Things (iomt) Market Size & Outlook
India internet of medical things (iomt) market, 2018-2030 (US$M)
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India internet of medical things (iomt) market highlights
- The India internet of medical things (iomt) market generated a revenue of USD 5.6 billion in 2023 and is expected to reach USD 30.6 billion by 2030.
- The India market is expected to grow at a CAGR of 27.4% 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 5.6 billion |
| Market revenue in 2030 | USD 30.6 billion |
| Growth rate | 27.4% (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, India accounted for 3.1% 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.
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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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India 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 46.43% in 2023. Horizon Databook has segmented the India internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
India accounted for a revenue share of 11.7% in 2023 in the Asia Pacific market.The growth of India's Internet of Medical Things (IoMT) market is primarily driven by the country's digital transformation in healthcare. The increasing penetration of smartphones and internet connectivity across the country is a prominent trend in India.
This widespread access to mobile technology is driving the adoption of telehealth services and remote monitoring solutions, particularly in urban centers. Furthermore, government initiatives such as Digital India and Ayushman Bharat are further boosting the adoption of IoMT technologies across the country’s healthcare ecosystem.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into India internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India internet of medical things iomt market report size, by component, 2018-2030 (US$M)
India Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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