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What Is The Estimated Market Size Of The Internet Of Medical Things (IOMT) For Drug Delivery Market In 2026, And How Will Its Value Evolve By 2030?
The internet of medical things (iomt) for drug delivery market size has shown significant expansion in recent years. It is projected to increase from $6.57 billion in 2025 to $7.14 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.8%. The growth observed in the past can be attributed to several factors including the increasing prevalence of chronic diseases, the early adoption of smart infusion and monitoring devices, the expansion of home healthcare services, a rising emphasis on medication adherence, and the development of digital health infrastructure.
The internet of medical things (iomt) for drug delivery market size is anticipated to experience substantial growth in the coming years. This market is projected to expand to $10.09 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.0%. This expansion during the forecast period is propelled by the broader adoption of personalized medicine applications, increased investments in connected healthcare platforms, a rising demand for remote patient management, greater integration of AI-driven dosing algorithms, and enhanced regulatory support for digital therapeutics. Key trends expected over this period include a wider embrace of connected drug delivery devices, the growing deployment of real-time patient monitoring platforms, increased integration of wearable and implantable delivery systems, the proliferation of personalized dosage management solutions, and a heightened focus on remote therapy management.
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What Leading Drivers Are Supporting The Internet Of Medical Things (IOMT) For Drug Delivery Market Expansion?
The anticipated expansion of telehealth and remote care services is poised to propel the growth of the internet of medical things (IoMT) for drug delivery market. These services represent the provision of healthcare through digital technologies, allowing individuals to access medical consultations, monitoring, and treatment from their homes without the necessity of in-person visits. The increasing adoption of telehealth and remote care services is driven by rising patient demand for convenient, accessible healthcare that enables them to consult medical professionals, monitor their health, and manage treatments from home, reducing the need for frequent hospital trips. Internet of medical things (IoMT) for drug delivery plays a crucial role in supporting telehealth and remote care by facilitating real-time oversight of patient medication adherence, enabling automated and precise drug administration, and ensuring seamless data sharing with healthcare providers. This empowers doctors to remotely track treatment progress, adjust dosages, and deliver personalized care without requiring physical appointments. For instance, in April 2023, data from FAIR Health Inc., a US-based non-profit, indicated a 7.3% increase in national telehealth utilization, rising from 5.5% of medical claim lines in December 2022 to 5.9% in January 2023. Consequently, the surging integration of telemedicine platforms is a key factor driving the expansion of the internet of medical things (IoMT) for drug delivery market.
What Are The Key Segment Divisions In The Internet Of Medical Things (IOMT) For Drug Delivery Market Segment Structure?
The internet of medical things (iomt) for drug delivery market covered in this report is segmented –
1) By Type: Wearable Drug Delivery Devices; Smart Inhalers; Injectable Drug Delivery Systems; Implantable Drug Delivery Devices; Remote Drug Monitoring
2) By Connectivity: Bluetooth And Low Energy Connectivity; Wi Fi Connectivity; Cellular Connectivity; Near Field Communication; Cloud And Edge Based Connectivity
3) By Application: Chronic Disease Management; Acute Care Drug Delivery; Home Based Drug Administration; Hospital And Clinical Drug Delivery; Personalized And Precision Medicine
4) By End User: Hospitals And Clinics; Home Care Settings; Pharmaceutical And Biotechnology Companies; Research And Development Organizations; Contract Research And Clinical Trial Centers
Subsegments:
1) By Wearable Drug Delivery Devices: On Body Infusion Pumps; Patch Based Drug Delivery Systems; Wearable Insulin Delivery Devices; Wearable Pain Management Devices
2) By Smart Inhalers: Connected Metered Dose Inhalers; Connected Dry Powder Inhalers; Medication Adherence Monitoring Inhalers; Dose Tracking Inhaler Systems
3) By Injectable Drug Delivery Systems: Connected Auto Injectors; Smart Pen Injectors; Pre Filled Smart Syringes; Electronic Injection Monitoring Systems
4) By Implantable Drug Delivery Devices: Implantable Infusion Pumps; Controlled Release Implant Systems; Programmable Drug Delivery Implants; Long Term Therapeutic Implants
5) By Remote Drug Monitoring: Medication Adherence Monitoring Systems; Real Time Dosage Tracking Platforms; Remote Therapy Management Systems; Patient Compliance Monitoring Solutions
What Emerging Trends Are Seen In The Internet Of Medical Things (IOMT) For Drug Delivery Market?
Key players in the internet of medical things (IoMT) for drug delivery market are focusing on developing advanced solutions such as connected smart drug-delivery devices with real-time monitoring to enable personalized dosing, improve treatment adherence, and enhance patient outcomes. These connected smart drug-delivery devices with real-time monitoring are medical tools that automatically track medication delivery and patient data, wirelessly sharing it with applications or healthcare systems, thereby aiding in dose optimization, enhanced adherence, and prompt clinical decisions. For instance, in November 2024, Medtronic plc, an Ireland-based healthcare technology company, introduced its Smart MDI system, featuring the InPen app with Simplera CGM. This system integrates a smart insulin pen with a disposable, all-in-one CGM to deliver real-time, personalized insulin dosing insights, including detection and correction recommendations for missed or inaccurate mealtime doses. It continuously monitors glucose levels, records insulin administration, and analyzes patient data through a mobile application to reduce hyperglycemia risk and support better glycemic control. Compared to conventional insulin pens, the solution offers automated data capture, intelligent alerts, and clinical decision support, significantly reducing dosing guesswork and improving patient outcomes.
Which Organizations Are Engaged In The Internet Of Medical Things (IOMT) For Drug Delivery Market?
Major companies operating in the internet of medical things (iomt) for drug delivery market are Siemens AG, F. Hoffmann-La Roche AG, IBM Corporation, Bayer AG, Oracle Corporation, Abbott Laboratories, Honeywell Life Care Solutions Inc., Medtronic plc, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Becton Dickinson and Company, Cognizant Technology Solutions Corporation, Biogen Inc., Omron Healthcare Co. Ltd., Dexcom Inc., Insulet Corporation, Tandem Diabetes Care Inc., Senseonics Inc., AdhereTech Inc., Adherium Limited
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Where Is The Internet Of Medical Things (IOMT) For Drug Delivery Market Most Concentrated Geographically?
North America was the largest region in the internet of medical things (IOMT) for drug delivery market in 2025. The regions covered in the internet of medical things (iomt) for drug delivery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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