Human Internet Of Things (Hiot) Market Overview
As per MRFR analysis, the Human Internet Of Things (HIot) Market Size was estimated at 9.72 (USD Billion) in 2022.
The Human Internet Of Things Market Industry is expected to grow from 12.85(USD Billion) in 2023 to 159.2 (USD Billion) by 2032. The Human Internet Of Things Hiot Market CAGR (growth rate) is expected to be around 32.26% during the forecast period (2023 - 2032).
Key Human Internet Of Things Hiot Market Trends Highlighted
Prominent market trends in the Human Internet of Things (HIoT) industry include the integration of cutting-edge technologies to improve human capabilities. These technologies encompass brain-computer interfaces (BCIs), implantable devices, and smart exoskeletons, providing unprecedented opportunities for healthcare, human augmentation, and accessibility. Additionally, the use of HIoT devices for remote patient monitoring, rehabilitation, and personalized medicine is gaining traction, leading to improved healthcare outcomes and reduced costs. The market is also witnessing a surge in applications for industrial automation, where HIoT devices enhance human productivity, safety, and efficiency in sectors like manufacturing, logistics, and construction. Moreover, the convergence of HIoT with the metaverse is opening new avenues for immersive experiences, remote collaboration, and virtual training. These trends are expected to shape the future of HIoT and drive its growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Human Internet Of Things Hiot Market Drivers
Rising Demand for Personalized Healthcare
The healthcare industry is experiencing a significant paradigm shift due to the increased focus on individualized and preventive care. One of the technologies facilitating this change is the Human Internet of Things. Being used to collect and process information on vital body parameters in real-time, HIoT can be employed to manage chronic diseases by assisting with follow-ups, remote patient care, and early interventions. Incorporated into everyday health management practices, HIoT allows the provision of tailored and, therefore, more effective care while paradoxically cutting the costs related to traditional healthcare practices.
The subsequent increased demand for this technology, therefore, is expected to drive the substantial growth of the Human Internet Of Things Hiot Market Industry. The incidence of non-infectious diseases, including diabetes, cardiovascular pathologies, and cancer, is increasing worldwide, resulting in the heightened demand for continuous monitoring and management. HIoT devices can be used for remote patient monitoring, with caregivers receiving a notification when the patient’s blood sugar levels or other vital parameters are outside of the prescribed range.
The patient, in turn, receives a separate notification either on their phone or smartwatch, making enacting the necessary behavioral changes or seeking help easier to accomplish while also being provided with the contact information of the device provider for emergencies. Individualized care has been growingly popular lately, resulting in rising demand for Hiot in the Human Internet Of Things Hiot Market Industry. Furthermore, the worldwide population is currently experiencing an increase in mean age, leading to a heightened demand for HIoT.Sensors-based technologies allow remote monitoring, with caregivers being alerted about any emergency requiring their attention. The technology, therefore, has the capacity to bring peace of mind to the relatives of elderly or apparatus users. The Personal Emergency Response Systems associated with HIoT can generally monitor falls, activity levels, and hypothermia, also sending reminder messages to patients to take their medication. The appreciation of these benefits is thus expected to keep the Human Internet Of Things Hiot Market Industry on a growth trajectory in the future.
Technological Advancements and Innovation
Introduction Technological advancements are key opportunities or innovations in the global human Internet of Things (HIoT) market industry. For example, HIoT devices have become smaller, more powerful, and less energy-consuming tools that support new applications, offering more considerable benefits and reasons for their application. Artificial intelligence and machine learning have been incorporated into the functionality to increase efficiency in managing data from objects.The market has adopted new communication technologies that have greater relevance and capabilities for data transmission and storage from one object to the other, including 5G and low-power wide-area networks that can include up to 1000 nodes. The new communication systems have improved the connection between people and objects in addition to ensuring that they are always informed. The global human Internet of Things is growing at a fast rate because the rate of technological advancement is also high.
Government Initiatives and Support
Governments all over the world realize the advantages of HIoT devices in public and population care implementation. Thus, they implement different regulations and initiatives to promote their further use. It means that governments across the world provide funding initiatives for the development of new technologies and research that can be realized with the help of HIoT devices. Various tax incentives are also offered for companies that invest funds in the research and development of new technologies. Such HIoT devices can be compensated by the government for their implementation in healthcare services provision. Government support is currently prevalent across the world, and it benefits the further development of the industry and its implementation processes. Some of such government main milestones and initiatives are clearly illustrated in the European Union, where the development and use of HIoT devices are promoted all across the region.
The United States further invests heavily in technology research and further development to use in healthcare. This is illustrated by the funding for the development of HIoT devices accumulated by the National Institutes of Health, such as the NIH IDEA program and the United States Department of Health and Human Services, which accumulates huge funds for the promotion and benefits of HIoT device feeding. The following coverage of the government's accumulative funds helps support and promote the development of new devices and technologies.No one can deny that the current government support influences the further development of the industry across the world or that it benefits the providers, professionals, and technology devices. Governments all over the world realize the advantages of HIoT devices in public and population care implementation, so they support their further use mostly by financing the development of new technologies.
Human Internet Of Things Hiot Market Segment Insights
Human Internet Of Things Hiot Market Technology Insights
The Global Human Internet Of Things Market is anticipated to grow the most in the technology segment in the next couple of years because of the increasing use of wearable, implantable, and ingestible devices in different industries. As you may already know, wearable devices include smartwatches and fitness trackers, among others, as these are extremely popular, especially because they can track different health and fitness data, make payments, control smart home devices, and more. In this case, the global market for wearable devices is estimated to be worth $111.79 billion in 2025.
The CAGR growth of this market is 18.4% from 2020 to 2025. Then implantable devices, such as pacemakers, are medical devices that are inserted into the human body, usually during surgical interventions. There are many uses for these types of devices, and some of the most common ones are to manage irregular heartbeats, treat heart failure, monitor diabetes, and treat epilepsy. It is estimated that the global market for implantable medical devices will be worth $146.6 billion in 2026. The CAGR growth of the market is 8.9% from 2021 to 2026.
Lastly, ingestible devices or smart pills’ are another category of medical devices that come in the form of medicine or pills and are swallowed by patients with the purpose of monitoring or treating different medical problems. The most common use of ingestible devices is to monitor different disorders of the gastrointestinal tract and obesity. The global market for ingestible devices is expected to be worth $1.5 billion in 2025. The CAGR value of the market is 15.6% from 2020 to 2025. The HIoT market is growing because people need better and better medical services, the population of elderly patients is increasing, and there is a higher number of patients suffering from chronic diseases, among other aspects.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Human Internet Of Things Hiot Market Application Insights
The Human Internet Of Things Hiot Market is segmented by Application into Healthcare, Fitness, Entertainment, and Security. The Healthcare segment is projected to be the most significant contributor to the Human Internet Of Things Hiot Market in 2023, generating over 35% of the revenue for the market. The Fitness segment is projected to be the fastest-growing segment throughout the forecast period, largely due to the rising popularity of wearables and fitness trackers. The Entertainment segment is projected to be another sizable portion of the Human Internet Of Things Hiot Market, with the growth of virtual reality and augmented reality devices. The Security segment is projected to be a relatively small but steady portion of the market as more and more businesses and governments begin to adopt IoT devices for security reasons.
Human Internet Of Things Hiot Market Device Type Insights
The Global Human Internet Of Things (HIoT) Market is segmented by Device Type. The Device Type segment includes Sensors, Actuators, and Controllers. In 2024, the Sensors segment is expected to hold the largest market share, accounting for 42.3% of the Global HIoT Market revenue. The Actuators segment is expected to grow at a CAGR of 34.5% during the forecast period, reaching a market size of 24.5 billion USD by 2032. The Controllers segment is expected to account for 26.7% of the Global HIoT Market revenue in 2024. The growth of the Device Type segment is driven by the increasing adoption of IoT devices in various industries, such as healthcare, manufacturing, and retail.
Human Internet Of Things Hiot Market Connectivity Insights
The Connectivity segment of the Global Human Internet Of Things (HIoT) Market has witnessed substantial growth, with Bluetooth, Wi-Fi, and Cellular technologies leading the charge. Bluetooth technology, known for its short-range wireless connectivity, held a significant market share of 32.2% in 2023 and is projected to reach USD 41.5 billion by 2028. Wi-Fi, offering faster speeds and wider coverage, captured a market share of 27.6% in 2023 and is anticipated to reach USD 35.8 billion by 2028. Cellular technology, providing reliable long-range connectivity, accounted for 22.1% of the market share in 2023 and is estimated to reach USD 28.7 billion by 2028.
The growing adoption of HIoT devices in various industries, including healthcare, manufacturing, and retail, is driving the demand for robust and reliable connectivity solutions. The increasing need for real-time data transmission and remote monitoring of HIoT devices is further fueling the growth of the Connectivity segment.
Human Internet Of Things Hiot Market Data Type Insights
The Human Internet Of Things Hiot Market is segmented by Data Type into Physiological, Behavioral, and Environmental. The Physiological segment held the largest market share in 2023, accounting for over 40% of the Human Internet Of Things Hiot Market revenue. This segment includes data collected from sensors that monitor vital signs such as heart rate, blood pressure, and body temperature. The Behavioral segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing adoption of wearable devices and the growing popularity of fitness-tracking apps.
The Environmental segment includes data collected from sensors that monitor environmental factors such as air quality, temperature, and humidity.
Human Internet Of Things Hiot Market Regional Insights
The Global Human Internet Of Things (HIoT) Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, followed by Europe and APAC. The growth in North America is attributed to the increasing adoption of HIoT devices in various industries, such as healthcare, manufacturing, and retail. Europe is also expected to witness significant growth due to government initiatives and regulations promoting the adoption of HIoT technologies. APAC is expected to be the fastest-growing region, driven by the increasing demand for HIoT devices in emerging economies such as China and India.
South America and MEA are expected to experience moderate growth due to the rising awareness of HIoT benefits and the increasing availability of low-cost devices.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Human Internet Of Things Hiot Market Key Players And Competitive Insights
The major players in the Human Internet Of Things Hiot Market industry are continuously making the best efforts to gain a competitive advantage over one another by enhancing the offering of new and innovative products and services. The leading companies in the Human Internet Of Things Hiot Market are investing a huge amount of money in research and development to retain their leading position in the market. The human Internet of Things Hiot market industry is highly competitive, as a large number of players operate in the market. However, the market is dominated by some of the few key players, including Alphabet Inc., Apple Inc., Amazon.com, Inc., and Samsung Electronics Co., Ltd.. These companies have a huge presence in the market and offer a variety of Human Internet Of Things Hiot Market products and services.
Alphabet Inc. is one of the key competitors in the Human Internet Of Things Hiot Market. The company offers a variety of Human Internet Of Things Hiot Market products and services, including Google Fit and Google Health. Google Fit is a fitness-tracking platform that is used to track users' activity levels, weight, and sleep. Google Health is a health management platform that enables its users to store and share their medical records, track their medications, and find health information. Alphabet Inc. is one of the major players in the Human Internet Of Things Hiot Market and is expected to continue its market share growth in the coming years.
Apple Inc. is another key competitor in the Human Internet Of Things Hiot Market. It offers a variety of Human Internet Of Things Hiot Market products and services, including the Apple Watch and the Health app. Apple Watch is a smartwatch that is used to track users' activity levels, heart rate, and sleep. A health app is a health management platform that is used to store and share users’ medical records, track medications, and find health information. Apple Inc. is one of the key players in the human Internet of Things Hiot Market and is expected to continue its market share growth in the coming years.
Key Companies in the Human Internet Of Things Hiot Market Include
- Toshiba Corporation
- Analog Devices, Inc.
- Qualcomm Technologies, Inc.
- Texas Instruments Incorporated
- Maxim Integrated
- Samsung Electronics Co., Ltd.
- ON Semiconductor
- NXP Semiconductors N.V.
- ROHM Semiconductor
- Renesas Electronics Corporation
- Huawei Technologies Co., Ltd.
- Intel Corporation
- STMicroelectronics
- Infineon Technologies AG
- Cypress Semiconductor Corporation
Human Internet Of Things Hiot Market Industry Developments
The global Human Internet of Things (HioT) market is projected to grow significantly in the coming years, driven by factors such as increasing adoption of IoT devices, rising demand for personalized healthcare solutions, and growing awareness of the benefits of HioT in various industries. The market is expected to reach a valuation of USD 159.2 billion by 2032, expanding at a CAGR of 32.26% from 2024 to 2032.
Recent developments in the HioT market include the launch of new products and services by key players, such as the introduction of AI-powered HioT platforms and the integration of HioT devices with cloud computing and data analytics. Partnerships and collaborations between tech giants and healthcare providers are also driving innovation and growth in the market. For instance, in 2023, Google Cloud partnered with Philips to develop a cloud-based HioT platform for remote patient monitoring and personalized healthcare solutions.
Human Internet Of Things Hiot Market Segmentation Insights
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Human Internet Of Things Hiot Market Technology Outlook
- Wearable Devices
- Implantable Devices
- Ingestible Devices
-
Human Internet Of Things Hiot Market Application Outlook
- Healthcare
- Fitness
- Entertainment
- Security
-
Human Internet Of Things Hiot Market Device Type Outlook
- Sensors
- Actuators
- Controllers
-
Human Internet Of Things Hiot Market Connectivity Outlook
-
Human Internet Of Things Hiot Market Data Type Outlook
- Physiological
- Behavioral
- Environmental
-
Human Internet Of Things Hiot Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
9.72(USD Billion) |
| Market Size 2023 |
12.85(USD Billion) |
| Market Size 2032 |
159.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
32.26% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Toshiba Corporation, Analog Devices, Inc., Qualcomm Technologies, Inc., Texas Instruments Incorporated, Maxim Integrated, Samsung Electronics Co., Ltd., ON Semiconductor, NXP Semiconductors N.V., ROHM Semiconductor, Renesas Electronics Corporation, Huawei Technologies Co., Ltd., Intel Corporation, STMicroelectronics, Infineon Technologies AG, Cypress Semiconductor Corporation |
| Segments Covered |
Technology, Application, Device Type, Connectivity, Data Type, Regional |
| Key Market Opportunities |
Remote healthcare monitoring Personalized fitness tracking Habitual behavior monitoring Disease diagnostics and prognostics Data-driven insurance underwriting |
| Key Market Dynamics |
Rising healthcare costs Increasing geriatric population Growing demand for personalized healthcare Technological advancements in IoT and wearables Government initiatives to promote mHealth |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Human Internet of Things (HIoT) Market is expected to reach a valuation of 12.85 billion USD in 2023.
The Global Human Internet of Things (HIoT) Market is projected to grow at a CAGR of 32.26% from 2024 to 2032.
Key applications of Human Internet of Things (HIoT) devices include healthcare monitoring, fitness tracking, and industrial automation.
North America is expected to hold the largest market share in the Global Human Internet of Things (HIoT) Market, followed by Europe and Asia-Pacific.
Key competitors in the Global Human Internet of Things (HIoT) Market include Apple, Google, Samsung, and Fitbit.
Major factors driving the growth of the Global Human Internet of Things (HIoT) Market include increasing demand for personalized healthcare solutions, rising adoption of wearable devices, and growing awareness of the benefits of HIoT devices.
Challenges faced by the Global Human Internet of Things (HIoT) Market include concerns over data privacy and security, lack of standardization, and the high cost of HIoT devices.
The Global Human Internet of Things (HIoT) Market is expected to reach a valuation of 159.2 billion USD by 2032.
The COVID-19 pandemic has accelerated the adoption of HIoT devices, particularly in the healthcare sector, due to the need for remote monitoring and tracking of patients.
Emerging trends in the Global Human Internet of Things (HIoT) Market include the integration of AI and machine learning, the development of new use cases, and the adoption of 5G technology.
