Gartner Research

Forecast Analysis: Healthcare Providers Internet of Things Endpoint Electronics and Communications Revenue, Worldwide

Published: 04 October 2019


IoT spend by healthcare providers will grow from $16 billion in 2018 to nearly $52 billion in 2028 at a compound annual growth rate of 12%. Chronic condition management will have the largest revenue growth of $28 billion, but the highest growth rate will be in hospital hygiene monitoring (38% CAGR).

Included in Full Research

  • Forecast Assumptions
  • Market Impacts
  • Notable Changes
  • Influencing Factor: In-Home Chronic Condition Monitoring Improves Quality of Life and Reduces Healthcare Costs
    • Forecast Assumption: To track the chronic condition status, global remote monitoring for chronic conditions will grow from one in 100 people with a device in 2018 to one in 17 in 2028.
  • Influencing Factor: Aging Population Puts Pressure on Healthcare Infrastructure
    • Forecast Assumption: U.S. care homes will optimize scarce resources by increasing healthcare monitoring devices used around the premises from 1.5 devices per resident to 12 devices between 2018 and 2028.
  • Influencing Factor: Better and Faster Information Improves Healthcare Outcomes and Increases Operational Efficiency
    • Forecast Assumption: To save staff time, clinical monitoring will grow from one device per global hospital bed in 2018 to 3.7 devices in 2028.
    • Forecast Assumption: Hospitals will locate assets and people, and consequently enhance asset utilization, by more than tripling the number of tracking tags they own worldwide between 2018 and 2028.
    • Forecast Assumption: Low-power wide-area (LPWA) interfaces are cost-effective for WAN tracking, so this technology will grow from 5% of global healthcare devices in 2018 to 34% in 2028.
  • Influencing Factor: Telemedicine and Virtual Care Make Healthcare More Accessible
    • Forecast Assumption: The need for care in rural areas means telemedicine equipment in India will grow from one device for 400 people in 2018 to one device for 200 people in 2028.

Access Research

Already a Gartner client?

Just stopping by?

To view this research and much more, become a client.

Speak with a Gartner specialist to learn how you can access peer and practitioner research backed by proprietary data, insights, advice and tools to help you achieve stronger performance.

By clicking the "Continue" button, you are agreeing to the Gartner Terms of Use and Privacy Policy.

Gartner research: Trusted insight for executives and their teams

What is Gartner research?

Gartner research, which includes in-depth proprietary studies, peer and industry best practices, trend analysis and quantitative modeling, enables us to offer innovative approaches that can help you drive stronger, more sustainable business performance.

Gartner research is unique, thanks to:

Independence and objectivity

Our independence as a research firm enables our experts to provide unbiased advice you can trust.

Actionable insights

Not only is Gartner research unbiased, it also contains key take-aways and recommendations for impactful next steps.

Proprietary methodologies

Our research practices and procedures distill large volumes of data into clear, precise recommendations.

Gartner research is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster decisions to stay ahead of disruption and accelerate growth.

Tap into our experts

We offer one-on-one guidance tailored to your mission-critical priorities.

Pick the right tools and providers

We work with you to select the best-fit providers and tools, so you avoid the costly repercussions of a poor decision.

Create a network

Connect directly with peers to discuss common issues and initiatives and accelerate, validate and solidify your strategy.

Gartner Tech Growth & Innovation Conference

Join the world’s leading IT and business leaders to get an update on accelerating tech growth in a new era of transformation and technology trends.

©2022 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.