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Europe Internet Medical Things Market

ID: MRFR/ICT/58885-HCR
200 Pages
Aarti Dhapte
October 2025

Europe Internet Medical Things Market Research Report By Application (Remote Patient Monitoring, Wearable Devices, Smart Hospitals, Medication Management), By Component (Sensors, Software, Connectivity Technologies, Services), By End Use (Healthcare Providers, Patients, Pharmaceutical Companies, Research Institutions), By Network Technology (Wi-Fi, Bluetooth, Cellular, LPWAN) and By Regional (Germany, UK, France, Russia, Italy, Spain, Rest of Europe)- Forecast to 2035

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Europe Internet Medical Things Market Summary

As per MRFR analysis, the Europe internet medical-things market Size was estimated at 17.5 USD Billion in 2024. The Europe internet medical-things market is projected to grow from 19.0 USD Billion in 2025 to 43.2 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.56% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Europe internet medical-things market is experiencing robust growth driven by technological advancements and increasing consumer engagement.

  • The rise of telehealth solutions is reshaping healthcare delivery across Europe, particularly in Germany.
  • Integration of artificial intelligence is enhancing diagnostic accuracy and operational efficiency in medical practices.
  • A heightened focus on data security and privacy is becoming essential as digital health solutions proliferate.
  • Growing demand for remote patient monitoring and advancements in wearable technology are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 17.5 (USD Billion)
2035 Market Size 43.2 (USD Billion)

Major Players

Apple Inc (US), Google LLC (US), Amazon.com Inc (US), Philips Healthcare (NL), Medtronic PLC (US), IBM Corporation (US), Siemens Healthineers (DE), Samsung Electronics (KR), GE Healthcare (US)

Europe Internet Medical Things Market Trends

The internet medical-things market is currently experiencing a notable transformation, driven by advancements in technology and increasing consumer demand for remote healthcare solutions. The integration of internet connectivity with medical devices is enhancing patient monitoring and management, allowing for real-time data collection and analysis. This shift is fostering a more proactive approach to healthcare, where patients can engage with their health data and healthcare providers can offer timely interventions. Furthermore, regulatory frameworks are evolving to accommodate these innovations, ensuring safety and efficacy in the deployment of internet medical-things. In addition, the growing emphasis on personalized medicine is influencing the internet medical-things market. As healthcare becomes more tailored to individual needs, devices that can collect and analyze personal health data are gaining traction. This trend is likely to be supported by increasing investments in digital health technologies, which are seen as essential for improving patient outcomes and reducing healthcare costs. Overall, the landscape of the internet medical-things market is dynamic, with various factors contributing to its growth and evolution.

Rise of Telehealth Solutions

The demand for telehealth solutions is surging, as patients seek convenient access to healthcare services. This trend is likely to enhance the adoption of internet medical-things, enabling remote consultations and monitoring.

Integration of Artificial Intelligence

Artificial intelligence is increasingly being integrated into internet medical-things, facilitating advanced data analysis and personalized healthcare recommendations. This integration may improve diagnostic accuracy and treatment efficacy.

Focus on Data Security and Privacy

As the internet medical-things market expands, concerns regarding data security and patient privacy are becoming more pronounced. Regulatory bodies are likely to implement stricter guidelines to protect sensitive health information.

Europe Internet Medical Things Market Drivers

Advancements in Wearable Technology

Advancements in wearable technology are significantly influencing the internet medical-things market. Wearable devices, such as smartwatches and fitness trackers, are increasingly being integrated with health monitoring features. In Europe, the wearable medical device market is expected to reach €10 billion by 2026, driven by innovations in sensor technology and data analytics. These devices not only track vital signs but also provide real-time feedback to users, promoting proactive health management. The integration of wearables with telehealth platforms further enhances their utility, allowing for seamless data sharing between patients and healthcare providers. This trend indicates a growing acceptance of technology in personal health management, which is likely to propel the internet medical-things market forward.

Rising Consumer Awareness and Engagement

Rising consumer awareness and engagement are pivotal factors driving the internet medical-things market. As individuals become more informed about health and wellness, there is a growing demand for tools that facilitate self-management of health conditions. In Europe, surveys indicate that over 60% of consumers are interested in using digital health solutions to monitor their health. This trend is prompting healthcare providers to adopt internet medical-things technologies to meet patient expectations. Furthermore, the proliferation of health-related mobile applications is empowering consumers to take charge of their health, thereby increasing engagement with healthcare services. This heightened awareness is likely to stimulate growth in the internet medical-things market, as more individuals seek out innovative solutions for health management.

Growing Demand for Remote Patient Monitoring

The increasing demand for remote patient monitoring is a pivotal driver in the internet medical-things market. As healthcare systems strive to enhance patient outcomes while reducing costs, remote monitoring solutions are gaining traction. In Europe, the market for remote patient monitoring devices is projected to grow at a CAGR of approximately 25% from 2025 to 2030. This growth is fueled by the rising prevalence of chronic diseases, which necessitate continuous monitoring. Furthermore, the convenience offered by these solutions allows patients to manage their health from home, thereby improving adherence to treatment plans. The internet medical-things market is thus witnessing a shift towards more patient-centric care models, which could potentially reshape healthcare delivery in the region.

Integration of Internet of Things in Healthcare

The integration of the Internet of Things (IoT) in healthcare is a transformative driver for the internet medical-things market. IoT technologies enable the interconnectivity of medical devices, allowing for real-time data collection and analysis. In Europe, the IoT healthcare market is projected to reach €30 billion by 2027, reflecting the increasing adoption of connected devices. This integration facilitates improved patient monitoring, streamlined workflows, and enhanced decision-making for healthcare providers. Moreover, the ability to collect vast amounts of data from various sources can lead to more personalized treatment plans. As healthcare systems continue to embrace IoT solutions, the internet medical-things market is likely to expand, driven by the demand for more efficient and effective healthcare delivery.

Regulatory Support for Digital Health Innovations

Regulatory support for digital health innovations is emerging as a crucial driver in the internet medical-things market. European regulatory bodies are increasingly recognizing the potential of digital health solutions to improve healthcare delivery. Initiatives such as the European Health Data Space aim to facilitate the safe exchange of health data, thereby fostering innovation. This supportive regulatory environment is likely to encourage investments in internet medical-things technologies, as companies seek to comply with evolving standards. Moreover, the European Commission's focus on digital transformation in healthcare could lead to increased funding for research and development in this sector. As a result, the internet medical-things market may experience accelerated growth, driven by a conducive regulatory landscape.

Market Segment Insights

By Application: Remote Patient Monitoring (Largest) vs. Wearable Devices (Fastest-Growing)

In the Application segment, Remote Patient Monitoring leads with the largest market share, driven by increasing demand for proactive health management and technology adoption. Wearable Devices follow closely as a significant share holder, fueled by rising consumer interest in fitness and health tracking. Smart Hospitals and Medication Management, while relevant, hold comparatively smaller shares due to their more specialized uses in the healthcare environment. Growth trends in the Application segment show a rapid increase in adoption rates for both Remote Patient Monitoring and Wearable Devices. Factors such as advancements in IoT technology, an aging population, and a shift towards personalized medicine drive this momentum. The ongoing digital transformation in healthcare, especially post-pandemic, significantly contributes to the robust expansion of these segments, positioning them as essential components of modern healthcare solutions.

Remote Patient Monitoring (Dominant) vs. Wearable Devices (Emerging)

Remote Patient Monitoring stands out as the dominant force in the market, offering real-time tracking and management of patient health data. Its established infrastructure within healthcare facilitates widespread acceptance among providers and patients alike. In contrast, Wearable Devices are emerging rapidly, appealing to tech-savvy consumers interested in health metrics. These devices are increasingly integrated with smartphones and telemedicine platforms, enhancing user engagement and data collection. The dynamic nature of both segments highlights the shift towards personalized healthcare solutions, creating a synergistic relationship as they complement each other's growth.

By Component: Sensors (Largest) vs. Software (Fastest-Growing)

The European internet medical-things market sees sensors commanding the largest share, primarily due to their central role in various medical applications such as monitoring and diagnostics. These components are essential for data collection in healthcare settings, making their demand consistent and strong across multiple healthcare domains. In contrast, software solutions, while currently smaller in market share, are registering rapid growth, reflecting the increasing significance of data analytics and integration in healthcare devices. The trends driving this segment are predominantly linked to technological advancements, increasing healthcare automation, and a shift toward patient-centric care models. Software development is gaining momentum as healthcare providers seek more efficient tools for managing patient data and improving service delivery. Additionally, the integration of Artificial Intelligence and machine learning into software applications enhances their capabilities, making them indispensable for modern healthcare solutions.

Sensors (Dominant) vs. Software (Emerging)

Sensors are the dominant component in the European medical-things ecosystem, known for their reliability and versatility across various applications such as vital signs monitoring and chronic disease management. They enable real-time data acquisition, which is vital for timely decision-making in medical care. On the other hand, software represents an emerging segment that is rapidly gaining traction due to the increasing need for data management solutions and analytical tools in healthcare. As telemedicine and remote patient monitoring continue to grow, the software segment is expected to evolve, incorporating advanced features for enhanced user experience and operation efficiency, positioning itself as a key player in shaping the future of internet medical things.

By End Use: Healthcare Providers (Largest) vs. Patients (Fastest-Growing)

The market for internet medical-things is primarily divided among healthcare providers, patients, pharmaceutical companies, and research institutions. Healthcare providers hold the largest share, driven by the demand for efficient patient management systems and remote monitoring solutions. Patients are emerging as a significant segment, increasingly utilizing internet medical technologies for personal health management and wellness monitoring, reflecting a shift towards patient-centric care. Growth trends in this segment are fueled by advancements in telehealth, wearable devices, and mobile health applications. Healthcare providers are adopting these technologies to enhance service delivery, while patients are becoming more proactive in managing their health. Additionally, pharmaceutical companies and research institutions are leveraging real-time data from these technologies for better drug development and patient outcomes, contributing to the overall growth in the segment.

Healthcare Providers: Dominant vs. Patients: Emerging

Healthcare providers represent the dominant force within the end use segment, leveraging internet medical technologies to optimize operations and improve patient outcomes. This sector is characterized by the integration of telemedicine, remote patient monitoring, and electronic health records, which facilitate high-quality care. On the other hand, patients are an emerging segment, becoming increasingly engaged in their health management through apps and wearable devices that promote self-monitoring. This shift indicates a growing market for personalization in healthcare, where technology empowers patients, thus fostering a hybrid health ecosystem that bridges professional care with personal health initiatives.

By Network Technology: Wi-Fi (Largest) vs. Cellular (Fastest-Growing)

The market share distribution among the various network technologies reveals Wi-Fi as the dominant connectivity solution, capturing a significant share due to its widespread deployment in healthcare facilities. Bluetooth and Cellular follow, providing essential connectivity but at a smaller scale. LPWAN, while currently accounting for a minor share, shows potential for growth as organizations seek low-power solutions for IoT connectivity. Growth trends in this segment are largely driven by the increasing adoption of connected medical devices and the integration of IoT in healthcare. Wi-Fi's reliability and range make it a preferred choice for hospitals, while Cellular's expansion into 5G technology positions it as the fastest-growing segment. The rising demand for real-time patient monitoring and telehealth services further boosts the relevance of these technologies.

Wi-Fi (Dominant) vs. LPWAN (Emerging)

Wi-Fi technology stands out as the dominant force in the internet medical-things realm, favored for its speed and broad coverage capabilities. It enables seamless connectivity for a variety of devices, facilitating accelerated data transmission in medical environments. Meanwhile, LPWAN is emerging as a viable solution for applications requiring low power and extended range, making it ideal for remote patient monitoring and wearable health devices. Although still in the early stages compared to Wi-Fi, LPWAN's growth is being fueled by the trend towards IoT implementations, which demand sustainable connectivity options and enhanced energy efficiency.

Get more detailed insights about Europe Internet Medical Things Market

Regional Insights

Germany : Strong Growth and Innovation Hub

Key markets include major cities like Berlin, Munich, and Frankfurt, where healthcare institutions are rapidly adopting internet medical technologies. The competitive landscape features strong players such as Siemens Healthineers and Philips Healthcare, alongside global giants like Apple and Google. Local dynamics are influenced by a well-established healthcare system and a growing emphasis on preventive care. The market is particularly vibrant in telehealth and remote patient monitoring applications, catering to both urban and rural populations.

UK : Innovation Meets Regulatory Support

London, Manchester, and Birmingham are pivotal markets, showcasing a vibrant ecosystem for digital health innovation. The competitive landscape includes major players like IBM and Medtronic, alongside numerous startups. The local market is characterized by a collaborative environment between healthcare providers and tech companies, fostering innovation. Key applications include telehealth services and wearable health devices, which are gaining traction among consumers seeking convenient healthcare solutions.

France : Government Initiatives Drive Growth

Key markets include Paris, Lyon, and Marseille, where healthcare institutions are increasingly adopting internet medical technologies. The competitive landscape features significant players like Philips Healthcare and local startups. The business environment is dynamic, with a focus on collaboration between healthcare providers and technology firms. Sector-specific applications include telehealth and remote patient monitoring, which are becoming essential components of the healthcare delivery model.

Russia : Growth Amidst Regulatory Challenges

Moscow and St. Petersburg are key markets, showcasing a growing interest in internet medical technologies. The competitive landscape includes both local and international players, with companies like Siemens Healthineers establishing a presence. Local market dynamics are influenced by a mix of traditional healthcare practices and modern digital solutions. Applications in telemedicine and health monitoring are gaining traction, particularly in urban areas where access to healthcare is a priority.

Italy : Innovation in a Traditional Market

Key markets include Rome, Milan, and Naples, where healthcare institutions are beginning to adopt internet medical technologies. The competitive landscape features both local and international players, including Medtronic and GE Healthcare. The local market is characterized by a blend of traditional healthcare practices and emerging digital solutions. Applications in telehealth and remote monitoring are becoming increasingly relevant, particularly in urban areas with high population density.

Spain : Consumer Demand Fuels Innovation

Key markets include Madrid, Barcelona, and Valencia, where healthcare institutions are increasingly adopting internet medical technologies. The competitive landscape features significant players like Philips Healthcare and local startups. The local market dynamics are characterized by a growing emphasis on preventive care and patient engagement. Applications in telehealth and wearable health devices are gaining traction, catering to a tech-savvy population seeking convenient healthcare solutions.

Rest of Europe : Diverse Opportunities Across Regions

Key markets include cities across Eastern and Northern Europe, where healthcare institutions are beginning to adopt internet medical technologies. The competitive landscape features a mix of local and international players, with opportunities for startups to innovate. Local market dynamics are influenced by varying healthcare systems and consumer acceptance of digital solutions. Applications in telemedicine and health monitoring are gaining traction, particularly in urban areas where access to healthcare is a priority.

Europe Internet Medical Things Market Regional Image

Key Players and Competitive Insights

The internet medical-things market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and an increasing demand for remote healthcare solutions. Key players such as Apple Inc (US), Philips Healthcare (NL), and Siemens Healthineers (DE) are strategically positioning themselves through innovation and partnerships. Apple Inc (US) focuses on integrating health monitoring features into its devices, enhancing user engagement and data collection. Philips Healthcare (NL) emphasizes digital transformation, leveraging its expertise in imaging and patient monitoring to create comprehensive health solutions. Siemens Healthineers (DE) is investing in AI-driven diagnostics, aiming to improve patient outcomes and streamline healthcare processes. Collectively, these strategies contribute to a competitive environment that prioritizes technological innovation and patient-centric solutions.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance efficiency and responsiveness to market demands. The market structure appears moderately fragmented, with a mix of established players and emerging startups. This fragmentation allows for diverse offerings and fosters competition, as companies strive to differentiate themselves through unique value propositions and technological advancements.

In October 2025, Apple Inc (US) announced a partnership with a leading telehealth provider to enhance its health monitoring capabilities. This strategic move is likely to expand its reach in the telemedicine space, allowing for seamless integration of health data into virtual consultations. Such partnerships may significantly enhance user experience and drive adoption of Apple’s health-related features.

In September 2025, Philips Healthcare (NL) launched a new AI-powered diagnostic tool aimed at improving the accuracy of disease detection. This innovation not only reinforces Philips' commitment to digital health but also positions the company as a leader in the integration of AI in healthcare. The strategic importance of this launch lies in its potential to reduce diagnostic errors and improve patient outcomes, thereby enhancing Philips' competitive edge.

In August 2025, Siemens Healthineers (DE) expanded its portfolio by acquiring a startup specializing in remote patient monitoring technologies. This acquisition is indicative of Siemens' strategy to bolster its digital health offerings and enhance its capabilities in managing chronic diseases. The integration of such technologies is expected to provide a more comprehensive approach to patient care, aligning with the growing trend towards personalized medicine.

As of November 2025, the competitive trends in the internet medical-things market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming pivotal, as companies collaborate to enhance their technological capabilities and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of adaptability and forward-thinking strategies in navigating the complexities of the healthcare landscape.

Key Companies in the Europe Internet Medical Things Market market include

Industry Developments

The Europe Internet Medical Things Market has seen significant advancements recently, with companies like Qualcomm collaborating with healthcare providers to enhance telehealth capabilities. Roche has been working on integrating Artificial Intelligence into diagnostics for better patient outcomes. SAP has been focusing on cloud solutions to support health data interoperability, while Cisco continues to expand its secure networking solutions tailored for medical environments. 

In terms of mergers and acquisitions, Siemens Healthineers announced its acquisition of Varian Medical Systems in March 2020 to bolster its cancer care portfolio. In August 2023, IBM acquired the healthcare analytics company, Merge Healthcare, aimed at improving diagnostic capabilities through better imaging solutions. This shifting landscape is further influenced by market valuations; Honeywell is experiencing growth as demand for remote monitoring solutions increases. 

In past developments, in May 2022, Philips launched its new range of connected health solutions, reflecting the industry's shift towards IoT-enabled devices. As these companies adapt to regulatory changes and advancing technologies, investments in Research and Development are expected to fuel market growth and innovation in connected healthcare solutions across Europe.

Future Outlook

Europe Internet Medical Things Market Future Outlook

The internet medical-things market is projected to grow at an 8.56% CAGR from 2024 to 2035, driven by technological advancements, increasing healthcare demand, and regulatory support.

New opportunities lie in:

  • Development of AI-driven remote patient monitoring systems.
  • Integration of blockchain for secure health data management.
  • Expansion of telehealth platforms for specialized medical consultations.

By 2035, the market is expected to achieve substantial growth, driven by innovation and increased adoption.

Market Segmentation

Europe Internet Medical Things Market End Use Outlook

  • Healthcare Providers
  • Patients
  • Pharmaceutical Companies
  • Research Institutions

Europe Internet Medical Things Market Component Outlook

  • Sensors
  • Software
  • Connectivity Technologies
  • Services

Europe Internet Medical Things Market Application Outlook

  • Remote Patient Monitoring
  • Wearable Devices
  • Smart Hospitals
  • Medication Management

Europe Internet Medical Things Market Network Technology Outlook

  • Wi-Fi
  • Bluetooth
  • Cellular
  • LPWAN

Report Scope

MARKET SIZE 2024 17.5(USD Billion)
MARKET SIZE 2025 19.0(USD Billion)
MARKET SIZE 2035 43.2(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 8.56% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled ["Apple Inc (US)", "Google LLC (US)", "Amazon.com Inc (US)", "Philips Healthcare (NL)", "Medtronic PLC (US)", "IBM Corporation (US)", "Siemens Healthineers (DE)", "Samsung Electronics (KR)", "GE Healthcare (US)"]
Segments Covered Application, Component, End Use, Network Technology
Key Market Opportunities Integration of artificial intelligence in remote patient monitoring enhances efficiency in the internet medical-things market.
Key Market Dynamics Rising demand for remote patient monitoring drives innovation and competition in the internet medical-things market.
Countries Covered Germany, UK, France, Russia, Italy, Spain, Rest of Europe

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FAQs

What is the expected market size of the Europe Internet Medical Things Market in 2024?

The market is expected to be valued at 13.97 USD Billion in 2024.

What is the expected market size of the Europe Internet Medical Things Market in 2035?

In 2035, the market is projected to reach a value of 42.3 USD Billion.

What is the expected CAGR for the Europe Internet Medical Things Market from 2025 to 2035?

The expected compound annual growth rate (CAGR) for this market is 10.597% during the forecast period.

Which application is expected to have the largest market size in 2035?

The wearable devices segment is expected to reach 12.0 USD Billion in market size by 2035.

Which region is projected to dominate the Europe Internet Medical Things Market in 2035?

Germany is projected to dominate the market with an estimated value of 10.5 USD Billion in 2035.

What is the expected market value of Remote Patient Monitoring in 2024?

Remote Patient Monitoring is expected to have a market value of 3.5 USD Billion in 2024.

Who are the key players in the Europe Internet Medical Things Market?

Major players include Qualcomm, Roche, SAP, Cisco, and Honeywell, among others.

What is the expected market value of Smart Hospitals in 2035?

The Smart Hospitals segment is expected to reach a market value of 9.0 USD Billion in 2035.

How much is the Medication Management application projected to be valued in 2035?

Medication Management is projected to reach a market value of 10.8 USD Billion by 2035.

What is the market size forecast for Italy in 2035?

Italy is expected to have a market size of 5.3 USD Billion in 2035.

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