BRICS IoT Medical Devices Market Outlook (2022-2033)

BRICS IoT medical devices market size is expected to reach US$ 59,381.7 million by 2033 from US$ 13,922.8 million in 2024. The market is estimated to record a CAGR of 17.5% from 2025 to 2033.

Executive Summary and BRICS IoT Medical Devices Market Analysis:

The IoT medical devices market in BRICS is experiencing significant growth driven by increasing prevalence of chronic diseases and aging population, growing focus on patient-centric and personalized healthcare, and technological advancements. The BRICS IoT medical devices market is vibrant and constantly evolving. There are opportunities for use of IoT devices due to their large populations and evolving healthcare needs, but developing economies pose challenges for market participants. The governments in the BRICS nations recognize the importance of digital health and have begun committing resources towards modernization of the healthcare infrastructure. The modernization will ultimately lead to better outcomes for the delivery of public health services. The large populations create a high demand for IoT medical devices and connected devices. However, the regulatory landscapes across the countries are hindered by non-standardized or fragmented regulations. Data security maturity varies across the BRICS groups nation, leading to new concerns with malicious hackers. Also, poor computational network accessibility in rural areas limits the market for IoT devices.

BRICS IoT Medical Devices Market Strategic Insights

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BRICS IoT Medical Devices Market Segmentation Analysis

Key segments that contributed to the derivation of the IoT Medical Devices market analysis are product, technology, application, and end user.

• By product, the IoT medical devices market is segmented into vital signs monitoring devices, implantable cardiac devices, infusion pumps, hearing devices, and others. The vital signs monitoring devices segment dominated the market in 2024.
• By technology, the IoT medical devices market is segmented into Wi-Fi, Bluetooth, cellular, and others. The Wi-Fi segment dominated the market in 2024.
• In terms of application, the market is segmented into patient monitoring, medication management, telemedicine, and others. The patient monitoring segment held the largest share of the market in 2024.
• By end user, the market is segmented into hospitals & clinics, home care settings, and others. The hospitals & clinics segment held the largest share of the market in 2024.

BRICS IoT Medical Devices Market Outlook

The BRICS IoT medical devices market is segmented into Brazil, Russia, India, China, South Africa, Egypt, Indonesia, the United Arab Emirates, and Saudi Arabia. Public health priorities are moving towards more efficient and effective systems of care. Investments in digital health are becoming narrower in focus, often led by local market leaders who have the capability to design and develop. Governments in BRICS are investing in digital health at an unprecedented level. Increasing internet and mobile technology are creating a broader landscape for IoT devices. The regulatory environment in markets is often fragmented and acts as barriers. Problems of privacy and security remain serious issues. Limited health care budgets and the initial costs of technology will restrict IoT usage. Rural areas lack technology infrastructure and human resources, which may further limit growth.

BRICS IoT Medical Devices Market Country Insights 

Based on region, the BRICS IoT medical devices market is further segmented into Brazil, Russia, India, China, South Africa, Egypt, Indonesia, the UAE, and Saudi Arabia. China held the largest share in 2024.

China is the leader within the BRICS economies. China is rapidly aging, and there are increasing burdens from chronic diseases. The government is investing heavily in digital health care - smart hospitals, telehealth, etc. China has robust domestic manufacturing capabilities to enable the production of many IoT medical devices. All of these aspects confirm China's leadership in the BRICS economy. Russia is developing a digital health care capability, but it is slow due to economic instability and often challenging regulations. Russia is progressing with IoT applications for remote monitoring and hospital optimization, hence interest in digital health is evolving. Brazil one of the largest countries by population in South America is a key country in the region. Brazil is increasing its investments to improve access to digital health solutions with the goal of managing chronic diseases. India, a rapidly growing economy has a growing health care sector. India faces rising rates of chronic disease and increasing health expenditure. Government programs like the Ayushman Bharat Digital Mission support the digitization of health records and organizational planning and infrastructure for IoT devices, including portable and home-based, for families and patients.

BRICS IoT Medical Devices Market Report Highlights

BRICS IoT Medical Devices Market Company Profiles

Medtronic Plc, GE HealthCare Technologies Inc, Koninklijke Philips NV, Abbott Laboratories, Boston Scientific Corporation, Omron Healthcare Inc, Baxter International Inc, Siemens Healthineers AG, Jonson & Johnson, and Drägerwerkag & Co KGaA, are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.

BRICS IoT Medical Devices Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations
• Industry trade journals and other relevant publications
• Government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.

• Primary Research

Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:

• Refine findings from secondary research
• Enhance the expertise and market understanding of the analysis team
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

BRICS IoT Medical Devices Market Country and Regional Insights

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BRICS IoT Medical Devices Key Sources Referred:

• World Health Organization (WHO)
• The World Bank Group
• Eurostat
• United Nations Department of Economic and Social Affairs
• Worldometer
• International Bar Association
• International Trade Administration