- M2M Modules (Cellular & Satellite)
- Connectivity Services
- M2M Applications and Platforms
Healthcare m2m market size was valued 21.08 billion in 2022 and expected to reach USD 30.26 billion by 2029, at a CAGR of 4.9% from 2023-2029. 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.
Healthcare M2m Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.9%
Largest Market
Asia-Pacific
Fastest Growing Market
North-America
Healthcare M2M Market Dynamics
Growing advancements in the technology are the key factor attributing the growth of the healthcare M2M 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 healthcare M2M market. It allows to bring down the administrative cost which is enhancing the growth of the healthcare M2M market. M2M plays a vital role in reducing the risk related to treatment and diagnoses, which is likely to drive the growth of the healthcare M2M market. However, the lack of standardized protocols in connectivity network security and in privacy is hindering the growth of the healthcare M2M market.
North-America got significant share
Healthcare M2M Market Regional Analysis
Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America market holds the largest share in the global healthcare M2M 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 healthcare M2M market is projected to grow at a faster pace over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The healthcare M2M market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Healthcare M2m Market Segmentation
By Technology
By Application
- Patient Well-Being
- Medical Facilities
- Sports and Fitness
- Others (Implants and Research & Education)
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
The healthcare m2m market size was valued at USD 21.08 billion in 2022.
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).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. M2M Modules |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Remote Health Monitoring |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 8. North America Healthcare M2M Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 8.5. North America Healthcare M2M Market Dynamics - Trends |
| 9. Europe Healthcare M2M Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.5. Europe Healthcare M2M Market Dynamics - Trends |
| 10. Asia-Pacific Healthcare M2M Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.5. Asia-Pacific Healthcare M2M Market Dynamics - Trends |
| 11. Latin America Healthcare M2M Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.5. Latin America Healthcare M2M Market Dynamics - Trends |
| 12. Middle East and Africa Healthcare M2M Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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