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North America IoT Healthcare Market Research Report – Segmented By Component, Application, End-User & Country (the United States, Canada and Rest of North America) – Industry Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 10382
Pages: 115

North America IoT Healthcare Market Size (2022 to 2027)

The size of the North American IoT Healthcare market is forecasted to hike at a whopping CAGR of 27.9% between 2022 to 2027.

Increasing health concerns, coupled with a surge in investments towards the healthcare sector, has been a crucial factor contributing to the development of the IoT Healthcare market in the North American region. The Covid-19 pandemic outbreak has seen a surge in demand for PPE kits and masks across the United States, as it has witnessed a drastic hit by this virus. This has caused the market to expand at a significant rate in this area. Also, IoT Healthcare is extensively employed in end-users, like hospitals and medical centers. The government policies aimed towards personal protection is another factor that has contributed to the business growth in this locale.

Infrastructural issues in the present healthcare industry is a predominant drawback hindering business expansion. To improve the problems related to infrastructure, huge investments need to be made for renovation. This whole process can be considered costly and time-consuming that can act as a challenging aspect to the development of this market.

Impact of COVID-19 on the North American IoT Healthcare Market:

COVID-19 has resulted in severe challenges for different end-users worldwide but proven to be beneficial for the healthcare industry. The United States of America in North America has been seriously affected by this pandemic. Coronavirus pandemic is one of the major reasons for the aggressive growth of the IoT Healthcare markets, not only in North America but worldwide. Demand for equipment such as Masks, Gloves, PPE kits is at an all-time high to fight the existing situation. More investments are being made towards the safety of the frontline workers who are battling the virus; normal households have also taken personal protection seriously, with equipment such as masks being mandatory, the sector is set to boom and become a big hub for investments in the present and future. 

This research report on the North America IoT Healthcare market has been segmented into the following categories:

By Component:

  • Medical Device
  • Systems & Software
  • Service
  • Connectivity Technology

The medical devices segment is estimated to have the largest market share during the forecasted period by component. Widescale adoption of medical devices in healthcare activities is a major reason for this growth.

By Application:

  • Telemedicine
  • Workflow Management
  • Connected Imaging
  • Medication Management

Telemedicine has become the most applied segment of the North American IoT healthcare industry in terms of application. This method proves to be extremely useful for monitoring the psychological functioning of the patient.

By End-User:

  • Hospitals
  • Surgical Centers and Clinics
  • Clinical Research Organizations (CRO)
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories Energy

During the global pandemic, the hospital segment has become the dominant end-user for the IoT Healthcare industry in North America. The increased number of cases in the United States of America has been a driving factor for this regional market segment.

By Country:

  • The United States
  • Canada
  • Mexico
  • Rest of North America

Geographically, the U.S. IoT Healthcare Market accounts for the largest share in the North American region.  This is credited to the advanced infrastructure and high expenses within the industry.

The Canadian IoT Healthcare Market has also taken the healthcare sector very seriously with providing free healthcare to the citizens; they have improved the existing protective equipment market by increasing the demand and maintaining a balance within the supply chain. The market in Canada is expected to grow at a CAGR of 8% during the forecast period.

Several major market players are asserting their dominance in the North America IoT Healthcare Market in recent years; some of the big names in North America are 3M, Cardinal Health, Medline Industries, Ansell Ltd., AMD medico, Alpha Pro Tech, and Medisca Inc.

  1. Introduction                                 
    1. Market Definition                    
    2. Study Deliverables                  
    3. Base Currency, Base Year and Forecast Periods                          
    4. General Study Assumptions                
  2. Research Methodology                                           
    1. Introduction                               
    2. Research Phases                      
      1. Secondary Research           
      2. Primary Research 
      3. Econometric Modelling      
      4. Expert Validation  
    3. Analysis Design                         
    4. Study Timeline                          
  3. Overview                                       
    1. Executive Summary                
    2. Key Inferences                         
    3. Epidemology                              
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    
    1. Market Drivers                          
    2. Market Restraints                    
    3. Key Challenges                         
    4. Current Opportunities in the Market                              
  5. Market Segmentation                                              
    1. Component                
      1. Introduction           
      2. Medical Device      
      3. Systems & Software           
      4. Service      
      5. Connectivity Technology   
      6. Y-o-Y Growth Analysis, By Component       
      7. Market Attractiveness Analysis, By Component     
      8. Market Share Analysis, By Component       
    2. Application                 
      1. Introduction           
      2. Telemedicine         
      3. Work Flow Management  
      4. Connected Imaging             
      5. Medication Management 
      6. Y-o-Y Growth Analysis, By Application         
      7. Market Attractiveness Analysis, By Application       
      8. Market Share Analysis, By Application        
    3. End User                      
      1. Introduction           
      2. Hospitals  
      3. Surgical Centers and Clinics              
      4. Clinical Research Organizations (CRO)         
      5. Government and Defense Institutions       
      6. Research and Diagnostic Laboratories Energy          
      7. Y-o-Y Growth Analysis, By End User            
      8. Market Attractiveness Analysis, By End User           
      9. Market Share Analysis, By End User             
  6. Geographical Analysis                                              
    1. Introduction                               
      1. Regional Trends    
      2. Impact Analysis     
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Component
        3. By Application
        4. By End User
      4. Market Attractiveness Analysis     
        1. By Geographical Area
        2. By Component
        3. By Application
        4. By End User
      5. Market Share Analysis      
        1. By Geographical Area
        2. By Component
        3. By Application
        4. By End User
    2. North America                          
      1. Introduction           
      2. United States         
      3. Canada    
  7. Strategic Analysis                                       
    1. PESTLE analysis                         
      1. Political     
      2. Economic 
      3. Social         
      4. Technological         
      5. Legal          
      6. Environmental       
    2. Porter’s Five analysis                              
      1. Bargaining Power of Suppliers        
      2. Bargaining Power of Consumers    
      3. Threat of New Entrants     
      4. Threat of Substitute Products and Services              
      5. Competitive Rivalry within the Industry     
  8. Market Leaders' Analysis                                        
    1. Medtronic Plc                            
      1. Overview 
      2. Product Analysis   
      3. Financial analysis  
      4. Recent Developments       
      5. SWOT analysis       
      6. Analyst View          
    2. Apple Inc.                    
    3. Royal Philips                               
    4. Google                         
    5. Cisco Systems Inc.                   
    6. Proteus Digital Health                            
    7. IBM Corporation                      
    8. Koninklijke Philips N.V                           
    9. GE Healthcare                           
    10. St. Jude Medical Inc.                            
    11. Microsoft Corporation                         
    12. Drägerwerk AG & Co. KGaA                              
    13. SAP SE                        
    14. Biotronik                   
    15. Qualcomm Life, Inc.                              
    16. Boston Scientific                    
    17. Honeywell Life Care Solutions                          
    18. Adheretech                             
    19. Stanley Healthcare                
    20. SAP SE                        
  9. Competitive Landscape                                           
    1. Market share analysis                            
    2. Merger and Acquisition Analysis                       
    3. Agreements, collaborations and Joint Ventures                         
    4. New Product Launches                         
  10. Market Outlook and Investment Opportunities                                         
  11. Appendix                                           
  12. List of Tables                
  13. List of Figures                        
  1. NA IoT Healthcare Market Market By Region, From 2022 - 2027 (USD Million)
  2. NA IoT Healthcare Market Market By Component, From 2022 - 2027 (USD Million)
  3. NA Medical Device Market By Region, From 2022 - 2027 (USD Million)
  4. NA Systems & Software Market By Region, From 2022 - 2027 (USD Million)
  5. NA Service Market By Region, From 2022 - 2027 (USD Million)
  6. NA Connectivity Technology Market By Region, From 2022 - 2027 (USD Million)
  7. NA IoT Healthcare Market Market By Application, From 2022 - 2027 (USD Million)
  8. NA Telemedicine Market By Region, From 2022 - 2027 (USD Million)
  9. NA Work Flow Management Market By Region, From 2022 - 2027 (USD Million)
  10. NA Connected Imaging Market By Region, From 2022 - 2027 (USD Million)
  11. NA Medication Management Market By Region, From 2022 - 2027 (USD Million)
  12. NA IoT Healthcare Market Market By End User , From 2022 - 2027 (USD Million)
  13. NA Hospitals Market By Region, From 2022 - 2027 (USD Million)
  14. NA Surgical Centers and Clinics Market By Region, From 2022 - 2027 (USD Million)
  15. NA Clinical Research Organizations (CRO) Market By Region, From 2022 - 2027 (USD Million)
  16. NA Government and Defense Institutions Market By Region, From 2022 - 2027 (USD Million)
  17. NA Research and Diagnostic Laboratories Energy Market By Region, From 2022 - 2027 (USD Million)
  18. NA Market By Region, From 2022 - 2027 (USD Million)

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