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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Healthcare M2M Market: By Component, By Application and Region Forecast 2020-2031
Healthcare M2M Market: By Component, By Application and Region Forecast 2020-2031
Healthcare m2m market size was valued at US$ 5.8 billion in 2024 and is expected to reach US$ 13.3 billion by 2031, growing at a significant CAGR of 12.6% from 2025-2031. Machine-to-machine (M2M) communication is the communication or exchange of data between two machines without human interfacing. This usually includes serial connection, power line connection (PLC), or wireless communications in the industrial Internet of Things (IoT). The emergence of wireless has made M2M communication much easier and enabled more applications to be connected.
Study Period
2025-2031Base Year
2024CAGR
12.6%Largest Market
Asia-PacificFastest Growing Market
North-America
Growing advancements in the technology are the key factor attributing the growth of the market. Increasing number of the patients in need of assisted living and rising demand for the wearable devices that allows consumers to track their fitness levels is anticipated to fuel the market. It allows to bring down the administrative cost which is enhancing the growth of the market. M2M plays a vital role in reducing the risk related to treatment and diagnoses, which is likely to drive the growth of the market. However, the lack of standardized protocols in connectivity network security and in privacy is hindering the growth of the market.
North America market holds the largest share in the market. The technological advancements are the major factors attributed the growth of the market in this region. The increase in the demand for digit M2M-based connections is adding fuel for the growth of the market in the region.
The Asia Pacific market is projected to grow at a faster pace over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 5.8 billion |
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Market Size in 2031 |
US$ 13.3 billion |
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Market CAGR |
12.6% |
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By Technology |
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By Application |
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By Region |
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Healthcare m2m market size was valued at US$ 5.8 billion in 2024 and is expected to reach US$ 13.3 billion by 2031, growing at a significant CAGR of 12.6%.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The key players of the market are Stanley Healthcare, AT&T Inc., GE Healthcare, Athenahealth, Inc., IBM Corporation, Cisco Systems Inc, Apple Inc., Nokia, Allscripts Healthcare Solutions Inc., Gemalto NV, Sierra Wireless Inc.
| 1. Executive Summary |
| 2. Global Healthcare M2M Market Introduction |
| 2.1. Global Healthcare M2M Market - Taxonomy |
| 2.2. Global Healthcare M2M Market -Definitions |
| 2.2.1. Component |
| 2.2.2. Application |
| 3. Global Healthcare M2M Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Healthcare M2M Market Dynamic Factors - Impact Analysis |
| 3.6. Global Healthcare M2M Market - Competition Landscape |
| 4. Global Healthcare M2M Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Healthcare M2M Market, By Component, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1. M2M Modules |
| 5.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Connectivity Services |
| 5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. M2M Platforms |
| 5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Healthcare M2M Market Forecast, By Application, 2020-2024 and Forecast 2025-2031 |
| 6.1. Remote Health Monitoring |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Clinical Monitoring |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Fitness & Wellness |
| 6.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Smart Pill Dispenser |
| 6.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Telemedicine |
| 6.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Healthcare M2M Market Forecast, By Region, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Healthcare M2M Market - Opportunity Analysis Index, By Component, Application, and Region, 2024-2030 |
| 8. North America Healthcare M2M Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.1. By Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. M2M Modules |
| 8.1.2. Connectivity Services |
| 8.1.3. M2M Platforms |
| 8.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Remote Health Monitoring |
| 8.2.2. Clinical Monitoring |
| 8.2.3. Fitness & Wellness |
| 8.2.4. Smart Pill Dispenser |
| 8.2.5. Telemedicine |
| 8.2.6. Others |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Healthcare M2M Market - Opportunity Analysis Index, By Component, Application, and Country, 2024-2030 |
| 8.5. North America Healthcare M2M Market Dynamics - Trends |
| 9. Europe Healthcare M2M Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 9.1. By Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. M2M Modules |
| 9.1.2. Connectivity Services |
| 9.1.3. M2M Platforms |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Remote Health Monitoring |
| 9.2.2. Clinical Monitoring |
| 9.2.3. Fitness & Wellness |
| 9.2.4. Smart Pill Dispenser |
| 9.2.5. Telemedicine |
| 9.2.6. Others |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Healthcare M2M Market - Opportunity Analysis Index, By Component, Application, and Country, 2024-2030 |
| 9.5. Europe Healthcare M2M Market Dynamics - Trends |
| 10. Asia-Pacific Healthcare M2M Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 10.1. By Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. M2M Modules |
| 10.1.2. Connectivity Services |
| 10.1.3. M2M Platforms |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Remote Health Monitoring |
| 10.2.2. Clinical Monitoring |
| 10.2.3. Fitness & Wellness |
| 10.2.4. Smart Pill Dispenser |
| 10.2.5. Telemedicine |
| 10.2.6. Others |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Healthcare M2M Market - Opportunity Analysis Index, By Component, Application, and Country, 2024-2030 |
| 10.5. Asia-Pacific Healthcare M2M Market Dynamics - Trends |
| 11. Latin America Healthcare M2M Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 11.1. By Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. M2M Modules |
| 11.1.2. Connectivity Services |
| 11.1.3. M2M Platforms |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Remote Health Monitoring |
| 11.2.2. Clinical Monitoring |
| 11.2.3. Fitness & Wellness |
| 11.2.4. Smart Pill Dispenser |
| 11.2.5. Telemedicine |
| 11.2.6. Others |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Healthcare M2M Market - Opportunity Analysis Index, By Component, Application, and Country, 2024-2030 |
| 11.5. Latin America Healthcare M2M Market Dynamics - Trends |
| 12. Middle East and Africa Healthcare M2M Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 12.1. By Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. M2M Modules |
| 12.1.2. Connectivity Services |
| 12.1.3. M2M Platforms |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Remote Health Monitoring |
| 12.2.2. Clinical Monitoring |
| 12.2.3. Fitness & Wellness |
| 12.2.4. Smart Pill Dispenser |
| 12.2.5. Telemedicine |
| 12.2.6. Others |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Healthcare M2M Market - Opportunity Analysis Index, By Component, Application, and Country, 2024-2030 |
| 12.5. MEA Healthcare M2M Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Stanley Healthcare |
| 13.2.2. AT&T Inc. |
| 13.2.3. GE Healthcare |
| 13.2.4. Athenahealth, Inc. |
| 13.2.5. IBM Corporation |
| 13.2.6. Cisco Systems Inc. |
| 13.2.7. Apple Inc. |
| 13.2.8. Nokia |
| 13.2.9. Allscripts Healthcare Solutions Inc. |
| 13.2.10. Gemalto NV |
| 13.2.11. Sierra Wireless Inc |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.