The role of IoT in the Healthcare Industry

IoT will transform healthcare through data automation, but legacy systems and security remain significant adoption hurdles.

Vinay Chhoda · Venture Insights1 October 2018Period: October 20188 min read

Last updated 10 June 2026

A$9.2bn↑

Estimated Australian IoT healthcare market revenue by 2025

21.1%↑

CAGR of the Australian IoT healthcare market (2018-2025)

Locked

+1more stats

Companies covered:SamsungCiscoJuplFrontier NetworksSofihubDocBoxMedidataWisepill TechnologiesAerisKaa

Abstract

This report analyses the transformative potential of the Internet of Things (IoT) within the Australian healthcare sector, forecasting a market value of up to A$9.2bn by 2025. It examines enabling technologies such as NB-IoT, cloud systems, and AI, while identifying critical barriers including legacy system transitions, privacy concerns, and regulatory delays. The analysis highlights how IoT-driven data collection and remote monitoring will shift medical roles toward data science and improve patient outcomes through real-time insights.

Key Takeaways

The Australian IoT healthcare market is projected to reach A$9.2bn by 2025, growing at a 21.1% CAGR from 2018.
Australia is expected to represent approximately 2% of the total global IoT healthcare market by 2025.
Security is a critical barrier, with 76% of local healthcare professionals identifying data protection as their primary concern.

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Frequently Asked Questions

The market is projected to reach a value of A$9.2bn by 2025, expanding at a compound annual growth rate of 21.1%. This growth positions Australia as a significant regional player, representing 2% of the total global IoT healthcare market.

Security and legacy integration are the dominant barriers, with 76% of Australian healthcare professionals reporting significant concerns regarding data security. Operational risks are also high; for instance, the failed EPAS rollout in Adelaide cost $192,000 per month just to support staff during the transition.

Demand is concentrated in data sharing and system optimization, which 80% of industry respondents identify as the key to sector efficiency. Providers should focus on infrastructure that enables remote monitoring and high-stakes applications like remote surgery, which were previously technically unfeasible.

The role of IoT in the Healthcare Industry

Abstract

Key Takeaways

Frequently Asked Questions

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