Leading Companies of IoT in the Healthcare Market

Infographic Content

The IoT healthcare market is expected to grow at a CAGR of 4.6% by 2025. The technological advancement will make the industry worth 486.34 billion by 2031.

Here are the top IoT healthcare companies that are driving the domain forward.

1. GE Healthcare

Founded In: 1892

Headquarters: Chicago, Illinois

Popular Locations: Australia, Asia Pacific, Africa

Revenue: $19 billion

IoT Services covered:

Provides sensors, wearables, imaging devices
Advanced visualization
Patient monitoring
Ultrasound service
Pharmaceutical diagnostics

2. Boston Scientific

Founded In: 1979

Headquarters: Marlborough, Massachusetts

Popular Locations: Middle East and Africa, Asia Pacific, Europe

Revenue: $12.7 billion

IoT Services covered:

Remote patient monitoring
Spinal cord stimulator systems
Rhythm management
Neuromodulation
Peripheral interventions
Latitude NXT and RPM system

3. Medtronic

Founded In: 1949

Headquarters: Dublin, Ireland & Minneapolis, Minnesota

Popular Locations: Australia, New Zealand, Asia Pacific, Japan

Revenue: $8.5 billion

IoT services covered:

Provides medical implants and insulin pumps
Real-time monitoring and personalized care
Collaboration with NVIDIA for AI solutions
Surgical navigation & imaging

4. Philips Healthcare

Founded In: 1896

Headquarters: Andover, MA

Popular Locations: California, Maryland, Netherlands

Revenue: $17.83 billion

IoT services covered:

Offer remote monitoring and imaging
Personalized care and workflow streamlining
Alarm management
Early warning scoring
Advanced ventilation
Image guided-therapy systems

5. IBM Watson Health

Founded In: 2015

Headquarters: Greenwood Village, Colorado

Popular Locations: Asia Pacific, Middle East and Africa, Europe

Revenue: $60.585 billion

IoT services covered:

AI-based IoT solutions
Offer IoT analytics and AI decision systems
Enterprise imaging
Data management solutions
Blockchain consulting and services

Summing Up

IoT development will enable patients to schedule appointments easily. Doctors will have better access to medical data. The evolution of IOT in healthcare market is expected to reach $90B by 2028.