Healthcare IoT revenue in Europe 2018-2029

Revenue in the healthcare IoT segment of the internet of things market in Europe was around 15.7 billion U.S. dollars in 2024. The market was forecast to continue increasing, and by 2029 it would be worth at least 23 billion U.S. dollars.

Revenue in the healthcare IoT market in Europe from 2018 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Healthcare Internet of Things (also known as Internet of Medical Things or Connected health) refers to the use of IoT technologies in the medical field. The use cases range from remote patient monitoring, smart medical devices and predictive analytics.

Additional information:

The Internet of Things market compromise of revenue and revenue growth as the key performance indicators. The market consists of pure IoT revenues generated through the sale of hardware (such as sensors, chips, and other hardware), platforms (IoT platforms, security software and other software), connectivity (cellular, LoRa, SigFox and other connectivity) and services (integration &maintenance of equipment & systems). As an example, the pure IoT revenue for a smart security camera is only the component that makes the camera "smart" and connected, not the full product price. Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Some of the key players include Philips and Wipro.

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