South Africa Internet Of Medical Things (iomt) Market Size & Outlook
South Africa internet of medical things (iomt) market, 2018-2030 (US$M)
Related Markets
South Africa internet of medical things (iomt) market highlights
- The South Africa internet of medical things (iomt) market generated a revenue of USD 2.2 billion in 2023 and is expected to reach USD 10.9 billion by 2030.
- The South Africa market is expected to grow at a CAGR of 25.8% 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 2.2 billion |
| Market revenue in 2030 | USD 10.9 billion |
| Growth rate | 25.8% (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, South Africa accounted for 1.2% 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 Middle East & Africa, South Africa internet of medical things (iomt) market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10.9 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 |
|---|
South Africa 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 45.45% in 2023. Horizon Databook has segmented the South Africa internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa dominated the Internet of Medical Things market in the Middle East & Africa region in 2023 with a market share of 22.0%. IoMT is playing a crucial role in enhancing access to healthcare services, especially in rural and underserved areas of South Africa, which is further accelerating the market reach of IoMT in the country.
In addition, the adoption of smart medical devices, including connected inhalers, smart pills, and biosensors, is on the rise in the country. These devices offer real-time monitoring and data collection, which helps in better management of patient health.
The South African government is implementing the National Health Insurance (NHI) scheme, which aims to provide universal health coverage to all citizens. A key component of the NHI is the development of a robust health information system that leverages digital technologies to improve data collection, sharing, and analysis across the healthcare sector.
Reasons to subscribe to South Africa 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 South Africa 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 South Africa internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into South Africa internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa internet of medical things iomt market report size, by component, 2018-2030 (US$M)
South Africa Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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
