The healthcare vertical is an interconnected system of various medical devices and sensors that healthcare organizations use for patient management, chronic disease management, remote monitoring, and preventive care. Connected devices enable healthcare organizations to streamline operations, business processes, and aid in real-time patient care, even from remote locations. According to the research findings, connected devices in the field of healthcare could lead to savings of 15–20% in the health expenditure; thus, there is a large integration of IoT engineering services into healthcare organizations’ functioning system and infrastructure. IoT engineering services provide in-depth knowledge about the benefits and features that the new service would offer their patients and caretakers. Product engineering services have become the backbone of modern healthcare. It is helping in encouraging patient engagement, reducing healthcare expenditure, and boosting general health. The key areas where IoT engineering services are applied in healthcare include recording devices, healing or therapeutic appliances, radiology apparatus, respiratory devices, in-vitro devices, and diagnostics and monitoring devices.