As per MRFR analysis, the India Internet of Things in Healthcare Market Size was estimated at 2.71 (USD Billion) in 2023. The India Internet of Things in Healthcare Market Industry is expected to grow from 3.6(USD Billion) in 2024 to 12 (USD Billion) by 2035. The India Internet of Things in Healthcare Market CAGR (growth rate) is expected to be around 11.567% during the forecast period (2025 - 2035).
The India Internet of Things in Healthcare Market is experiencing substantial growth, with a variety of key market drivers influencing its landscape. The demand for connected healthcare solutions is being driven by the growing popularity of mobile health applications and smart devices, which can improve patient engagement and monitoring. The Indian government is also promoting the incorporation of IoT in healthcare systems through initiatives such as the National Digital Health Blueprint and digital health missions, which are enhancing access to medical services, particularly in rural areas.. Additionally, the increasing emphasis on telemedicine has expedited the adoption of remote patient monitoring technologies, thereby improving the accessibility and efficiency of healthcare services.
The development of affordable IoT devices that are specifically designed for a variety of healthcare applications, including chronic disease management and geriatric care, is an opportunity to be investigated in this market. Given the substantial burden of lifestyle-related diseases that India is currently experiencing, there is an opportunity for companies to develop cost-effective health monitoring solutions that can be utilized at home. Service delivery can be further improved, and a robust ecosystem can be established to support IoT applications in healthcare through collaborations between tech firms and institutions. Recent trends suggest a transition to data-driven decision-making in the healthcare sector, as IoT devices generate valuable health data that can enhance treatment outcomes.
The integration of artificial intelligence with IoT technology is also a noteworthy trend, as it improves predictive analytics and personalized medicine approaches. The pandemic has underscored the significance of IoT in guaranteeing the continuous deliverance of healthcare, increasing investments and pilot projects that concentrate on health applications. In general, the IoT in healthcare market is on the brink of significant transformations that could improve patient care and operational efficiencies throughout the healthcare sector as India continues to adopt technological innovations.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Increasing Adoption of Wearable Health Devices
The rise of wearable health devices in India is driving the growth of the India Internet of Things in Healthcare Market Industry. A recent report indicates that the wearable device market is projected to grow at a Compound Annual Growth Rate of 25% by 2025, with millions of units expected to be sold. Companies like Philips and Siemens Healthineers have already launched innovative wearable technologies. With the Indian government promoting digital health initiatives, this surge is likely to enhance remote patient monitoring and virtual care solutions, allowing healthcare providers to offer more personalized services.Furthermore, with approximately 71 million diabetes patients in India as of 2020, the demand for continuous glucose monitoring devices is on the rise. This indicates a greater need for health-centric IoT solutions, making this driver extremely prominent.
Government Initiatives and Policies
The Indian government has introduced several initiatives aimed at improving healthcare access and efficiency, directly supporting the India Internet of Things in Healthcare Market Industry. Programs like the National Digital Health Mission aim to create a seamless online platform for all healthcare services. According to government statistics, this initiative alone aims to provide healthcare services to over 1.3 billion citizens, emphasizing the integration of technology in healthcare.Organizations like the National Health Authority of India have been actively working on implementing these changes, enabling smoother healthcare delivery. Enhanced connectivity through 5G networks is also expected to drive further innovation in IoT applications, as better internet speeds would facilitate real-time data transmission from healthcare devices, thus amplifying the market potential.
Rising Incidence of Chronic Diseases
The increasing prevalence of chronic diseases such as diabetes, cardiovascular issues, and respiratory diseases in India is a significant driver for the growth of the India Internet of Things in Healthcare Market Industry. The World Health Organization reported that chronic diseases contribute to approximately 60% of all deaths in India, and this statistic is expected to rise. Leading healthcare organizations are focusing on preventative care facilitated by IoT technology.For example, GE Healthcare India is investing in digital solutions that can monitor patients' health conditions in real time. This acute need for effective management of chronic diseases boosts the demand for IoT-based healthcare solutions, as they allow continuous monitoring and timely intervention, significantly impacting patient outcomes.
The India Internet of Things in Healthcare Market, with a keen focus on the Application segment, illustrates significant opportunities and advancements across the healthcare landscape. The increasing penetration of smartphones and the rise of digital health technologies create a conducive environment for numerous applications that improve patient outcomes and streamline healthcare operations. Notably, Patient Monitoring has emerged as a crucial application, allowing healthcare providers to keep track of patients' vital signs in real-time, facilitating timely interventions and personalized care strategies that enhance patient satisfaction and safety.
Medication Management is also a vital area, aiding patients in adhering to prescribed treatments and reducing medication errors, which is essential in combating the growing issue of chronic illnesses in India. Telemedicine has gained substantial traction, especially in rural settings, bridging the gap between patients and healthcare providers through remote consultations, which significantly enhances accessibility to quality medical services in the country. Moreover, Clinical Operations benefit from IoT applications as they facilitate efficient workflows, improve resource allocation, and optimize operational performance in hospitals and clinics.
Asset Management, another critical component, enables better tracking and monitoring of medical equipment, ensuring the availability and functionality of essential tools in healthcare settings while reducing losses and operating costs. Overall, the Application segment of the India Internet of Things in Healthcare Market not only highlights the robust potential for technological integration in the healthcare sector but also underscores India's commitment to improving its healthcare delivery systems using innovative solutions that cater to the needs of its diverse population.
The challenges posed by the pandemic have further accelerated the adoption of such IoT applications, as stakeholders increasingly recognize the importance of technology-driven solutions in ensuring efficiency and effectiveness in healthcare delivery. Consequently, this segment is poised for robust growth, propelled by trends such as increasing investments from both government bodies and private entities aimed at enhancing healthcare infrastructure and service quality through IoT technologies. As Indian healthcare evolves, these applications will play a pivotal role in shaping the future of patient care and operational excellence in the industry.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
The Component segment of the India Internet of Things in Healthcare Market encompasses Devices, Software, and Services, each playing a pivotal role in transforming healthcare delivery. Devices, including wearables and remote monitoring tools, have significantly enhanced patient engagement and health management, ensuring timely interventions and data collection. Software solutions enhance the efficacy of these devices, providing analytics and data visualization that empower healthcare professionals to make informed decisions and improve patient outcomes.
Services, ranging from system integration to data management, establish a robust infrastructure that supports the seamless operation of devices and software. The growing adoption of telemedicine and connected health technologies is driving demand in this segment, highlighting the importance of interoperability and security across all components. Furthermore, as India's healthcare system continues to digitize, the reliance on these components will likely deepen, ensuring efficient health management amidst challenges such as resource constraints and rising healthcare costs.
The advancements in artificial intelligence and machine learning are also propelling innovation within this sphere, presenting opportunities for enhanced predictive analytics and personalized medicine. Overall, the Component segment stands as a cornerstone of the evolving landscape of healthcare in India, underscoring the vital role of technology in improving patient care and operational efficiency.
The India Internet of Things in Healthcare Market, particularly in the end-use segment, showcases a diverse landscape that includes hospitals, diagnostics centers, and home care services. Hospitals are increasingly adopting IoT solutions to enhance patient monitoring, streamline operational efficiencies, and improve overall healthcare delivery, reflecting the growing demand for smart healthcare services in urban centers. Diagnostics centers leverage IoT technologies to facilitate timely and accurate testing, which is essential for effective disease management and treatment plans.Meanwhile, the home care segment is emerging as a vital component of the healthcare system, aligning with India's focus on providing quality care to an aging population and individuals with chronic illnesses.
This shift towards home-based care is crucial as it helps reduce hospital readmission rates and provides patients with the comfort of receiving care in familiar surroundings. As the need for advanced healthcare solutions continues to rise, the segmentation within the India Internet of Things in Healthcare Market is expected to evolve, with each area playing a significant role in enhancing the overall efficiency and effectiveness of the healthcare sector.Factors such as increasing government support, a growing mobile health application market, and rising consumer awareness are driving this market forward. In contrast, challenges such as data privacy concerns and interoperability issues need to be addressed to realize its potential fully.
The Technology segment of the India Internet of Things in Healthcare Market is vital for enhancing patient care and streamlining healthcare operations. Wearable Technology, which encompasses devices such as fitness trackers and health monitoring wearables, has gained traction among consumers and healthcare providers due to its ability to provide real-time health data, encouraging proactive health management. Remote Patient Monitoring solutions facilitate continuous patient evaluation outside traditional clinical settings, significantly aiding in managing chronic diseases and reducing hospital readmissions.
Smart Medical Devices, which integrate IoT capabilities, improve clinical workflows and enhance patient safety by allowing real-time monitoring and automated data collection. Together, these technologies underscore the market's transformative potential, driving improved outcomes and operational efficiencies. Given the growing focus on telemedicine, these solutions seek to address challenges associated with limited healthcare accessibility and the need for advanced monitoring solutions, representing dynamic growth opportunities in this evolving landscape.The increasing adoption of smart technology by healthcare providers in India reflects a shift towards data-driven decision-making, showcasing the critical role of Technology in the advancement of the healthcare sector.
The competitive landscape of the India Internet of Things in Healthcare Market is characterized by rapid technological advancements and a surge in demand for smart healthcare solutions driven by an increasing population and rising health awareness. As healthcare providers seek to leverage IoT technology for better patient management, remote monitoring, and improved operational efficiency, a variety of players are entering the market, enhancing their product offerings, and adopting innovative strategies to capture market share. This environment has facilitated collaboration across diverse stakeholders, including healthcare providers, technology suppliers, and research institutions, leading to a more interconnected ecosystem that fosters innovation and drives growth in the IoT healthcare sector.
Philips Healthcare has established a strong presence in the India Internet of Things in Healthcare Market through its commitment to developing integrated solutions that enhance the quality of care. The company's strength lies in its extensive product portfolio, which includes advanced monitoring systems, connected imaging solutions, and cloud-based health platforms that facilitate real-time data sharing and analysis. Philips Healthcare has also focused on building strategic partnerships with local hospitals and healthcare providers to effectively implement its IoT solutions, thereby improving patient outcomes and operational efficiencies.
These initiatives not only strengthen its market position but also demonstrate its adaptability and responsiveness to the specific needs of the Indian healthcare landscape.HCL Technologies is another key player in the India Internet of Things in Healthcare Market, offering a broad array of IoT solutions designed to optimize healthcare delivery and operational processes. The company’s strengths are highlighted by its deep expertise in digital transformation, which enables healthcare providers to harness IoT technology for improved patient engagement and operational efficiency.
HCL Technologies has a strong market presence bolstered by strategic mergers and acquisitions aimed at enhancing its capabilities in healthcare technology. Its key products and services include smart healthcare analytics, remote patient monitoring solutions, and application integration services that leverage IoT data. By continually innovating and collaborating with healthcare organizations, HCL Technologies is well-positioned to meet the growing demands of the IoT healthcare landscape in India, ensuring its commitment to delivering impactful solutions that drive improved healthcare outcomes.
Key Companies in the India Internet of Things in Healthcare Market Include
India Internet of Things in Healthcare Market Industry Developments
The India Internet of Things in Healthcare Market has seen significant expansion and innovation recently. Companies such as Philips Healthcare and Siemens Healthcare have been increasingly investing in IoT solutions to enhance patient monitoring and diagnosis capabilities. HCL Technologies and Tata Consultancy Services are actively developing advanced data analytics and AI-driven applications for better healthcare management. Notably, in October 2023, Reliance Industries launched a healthcare IoT platform aimed at improving medical services and enabling remote patient monitoring.
Mergers and acquisitions are shaping the landscape, with Honeywell acquiring a stake in a promising healthcare IoT startup in July 2023 to broaden its healthcare solutions. In recent developments, IBM announced a new partnership with GE Healthcare in August 2023 for predictive analytics in medical imaging. The market is expected to reach significant growth, influenced by an increasing demand for digital healthcare solutions fueled by the COVID-19 pandemic and a shift towards telemedicine. Current initiatives by CureMetrix, focused on AI in mammography, are also pushing the envelope on IoT applications in healthcare. Overall, the synergy between technology and healthcare in India is on a robust trajectory, driven by innovation and market demand dynamics.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.71(USD Billion) |
| MARKET SIZE 2024 | 3.6(USD Billion) |
| MARKET SIZE 2035 | 12.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.567% (2025 - 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 | Philips Healthcare, HCL Technologies, Accenture, Razorpay, Reliance Industries, CureMetrix, Honeywell, Medtronic, Siemens Healthcare, IBM, Cisco, Tata Consultancy Services, IoTify, Wipro, GE Healthcare |
| SEGMENTS COVERED | Application, Component, End Use, Technology |
| KEY MARKET OPPORTUNITIES | Telemedicine expansion, Remote patient monitoring, Wearable health devices, Smart hospital solutions, Data analytics integration |
| KEY MARKET DYNAMICS | rising chronic diseases, government healthcare initiatives, increasing adoption of wearable devices, growing patient engagement, advancements in telemedicine technology |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Internet of Things in Healthcare Market is expected to be valued at 3.6 USD Billion in 2024.
By 2035, the market is projected to reach a valuation of 12.0 USD Billion.
The expected CAGR for this market is 11.567% during the period from 2025 to 2035.
Patient Monitoring holds the largest market share, valued at 1.096 USD Billion in 2024.
The Medication Management application is expected to reach a market value of 2.0 USD Billion by 2035.
Key players in this market include Philips Healthcare, HCL Technologies, Accenture, and Medtronic, among others.
Growing demand for efficient healthcare services and technological advancements are driving market growth.
The market size for the Telemedicine application is valued at 0.704 USD Billion in 2024.
Current global conflicts may disrupt supply chains but are unlikely to significantly alter the overall market growth trajectory.
The market size for the Clinical Operations application is expected to grow to 1.44 USD Billion by 2035.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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