Market Forecast by Countries (United States, Canada), By Component (Medical Device, Systems & Software, Services, Connectivity Technology), By Application (Telemedicine, Clinical Operations and Workflow Management, Connected Imaging, Inpatient Monitoring, Medication Management, Others), By End-Users (Hospitals, Surgical Centers, and Clinics, Clinical Research Organizations, Government and Defense Institutions, Research and Diagnostic Laboratories) And Competitive Landscape
Product Code: ETC4621330 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America IoT in Healthcare Market |
Forecast period | 2025-2031 |
CAGR | 22% |
Growing Sector | Telemedicine sector |
The North America IoT in Healthcare Market thoroughly covers the market by Countries, By Component, By Application, and By End-Users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America IoT in Healthcare Market is projected to show significant growth due to the increasing demand for IoT solutions in the healthcare sector. Factors like advancements in IoT technology, increasing investments in IoT applications, and the evolution of the healthcare industry are propelling the market. Moreover, the demand for these IoT solutions in telemedicine, clinical operations and workflow management, connected imaging, inpatient monitoring, medication management, and other sectors are expected to further bolster market growth. Government efforts toward enhancing healthcare efficiency and safety are also contributing to the IoT in Healthcare market's growth in North America. Additionally, the growing adoption of IoT technology in connected devices like wearable medical devices is providing a major boost to market growth.
According to 6Wresearch, the North America IoT in Healthcare Market size is expected to grow at a significant CAGR OF 22% during the forecast period of 2025-2031. The IoT in Healthcare Market in North America is witnessing rapid growth, driven by the increasing need for smart solutions across different healthcare sectors. With the development of advanced IoT applications and components, the demand for IoT in Healthcare in North America is set to surge. Moreover, significant advancements in IoT technology, coupled with the growing need for efficient, data-driven healthcare processes, will likely contribute further to market growth. Government initiatives and campaigns promoting the use of IoT for healthcare efficiency and safety are also expected to drive the market in North America. Furthermore, the increasing deployment of IoT-enabled devices and sensors for tracking patient health, workflow management, and supply chain management is expected to boost market growth in the region.
Despite the promising growth prospects for the North America Internet of Things (IoT) in Healthcare Market, certain challenges like the necessity for continuous research and development and the need for higher initial investment may hamper its progress. However, with ongoing advancements in the IoT field, these challenges are expected to be mitigated in the future. The leading players in this region are continually focusing on improving IoT solutions' effectiveness to cater to the growing demand for efficient, data-driven healthcare operations.
In North America, the IoT in the healthcare industry is driven by leading players such as Medtronic with its advanced patient monitoring and data analytics capabilities, Philips leveraging IoT for treatment optimization and patient experience enhancements, and IBM providing IoT solutions for patients management and healthcare providers engagement through its Watson IoT platform. These companies are at the forefront of integrating IoT technologies to streamline operations, enhance patient care, and gain competitive advantage in the healthcare sector.
In North America, the Internet of Things (IoT) is rapidly transforming the healthcare sector, driven by stringent government regulations aimed at enhancing patient care, optimizing operational efficiencies, and ensuring data security and privacy. Regulatory bodies like the FDA in the United States and Health Canada play pivotal roles in overseeing IoT applications in medical devices and patient monitoring systems, ensuring they meet stringent standards for safety, efficacy, and interoperability. These regulations are fostering a dynamic ecosystem where IoT innovations are leveraged to improve diagnosis, treatment outcomes, and overall healthcare delivery while addressing concerns around data integrity and patient confidentiality.
The IoT market in North American healthcare is poised for significant growth, driven by increasing adoption of smart devices, sensors, and data analytics to optimize operations, personalize patient care, and improve supply chain efficiency. Key trends include the expansion of AI and machine learning capabilities to interpret IoT data for predictive analytics, the integration of IoT with augmented reality to enhance patient experiences, and the rise of edge computing for real-time data processing. As healthcare providers continue to innovate with IoT technologies, the market is expected to witness continuous evolution towards more connected, efficient, and personalized healthcare environments. Overall, the North America Internet of Things (IoT) in Healthcare Market is expected to witness significant growth in the coming years, driven by technological advancements, government initiatives, and increasing adoption of IoT solutions across various healthcare sectors. As the market continues to evolve and expand, it will provide numerous opportunities for companies to tap into and capitalize on its potential. This makes it a crucial market for stakeholders to closely monitor and adapt their strategies accordingly to stay competitive in the ever-changing healthcare landscape.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States has shown significant growth compared to Canada. This growth can be attributed to several factors, including robust patient demands, technological advancements in IoT technology, and the favorable regulatory environment that supports innovation and investment in the sector.
Among the components of the Internet of Things (IoT) in healthcare, medical devices are currently experiencing the most significant growth. This growth is driven by advancements in wearable technology, remote patient monitoring devices, and smart healthcare devices that enable continuous health monitoring and data collection. These devices are crucial in improving patient outcomes, enhancing healthcare delivery efficiency, and supporting preventive care initiatives.
Among applications in the IoT healthcare sector, telemedicine is experiencing the most significant growth. Telemedicine enables healthcare providers to deliver care remotely in real-time, reduce requirements for in-person appointments, improve treatment visibility, and enhance overall operational efficiency. The deployment of IoT solutions in telemedicine allows providers to automate patient monitoring processes and streamline diagnostics, contributing to cost savings and better patient care.
Among the end-users of IoT in the healthcare industry, hospitals, surgical centers, and clinics are experiencing the most significant growth. This growth is driven by these institutions' increasing preference for adopting advanced IoT solutions for improving patient care, streamlining workflows, and enhancing operational efficiency.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America IoT in Healthcare Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America IoT in Healthcare Market Revenues & Volume, 2021 & 2031F |
3.3 North America IoT in Healthcare Market - Industry Life Cycle |
3.4 North America IoT in Healthcare Market - Porter's Five Forces |
3.5 North America IoT in Healthcare Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America IoT in Healthcare Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 North America IoT in Healthcare Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 North America IoT in Healthcare Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 North America IoT in Healthcare Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America IoT in Healthcare Market Trends |
6 North America IoT in Healthcare Market, 2021 - 2031 |
6.1 North America IoT in Healthcare Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 North America IoT in Healthcare Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3 North America IoT in Healthcare Market, Revenues & Volume, By End-Users, 2021 - 2031 |
7 United States IoT in Healthcare Market, 2021 - 2031 |
7.1 United States IoT in Healthcare Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 United States IoT in Healthcare Market, Revenues & Volume, By Application, 2021 - 2031 |
7.3 United States IoT in Healthcare Market, Revenues & Volume, By End-Users, 2021 - 2031 |
8 Canada IoT in Healthcare Market, 2021 - 2031 |
8.1 Canada IoT in Healthcare Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Canada IoT in Healthcare Market, Revenues & Volume, By Application, 2021 - 2031 |
8.3 Canada IoT in Healthcare Market, Revenues & Volume, By End-Users, 2021 - 2031 |
9 North America IoT in Healthcare Market Key Performance Indicators |
10 North America IoT in Healthcare Market - Opportunity Assessment |
10.1 North America IoT in Healthcare Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America IoT in Healthcare Market Opportunity Assessment, By Component , 2021 & 2031F |
10.3 North America IoT in Healthcare Market Opportunity Assessment, By Application, 2021 & 2031F |
10.4 North America IoT in Healthcare Market Opportunity Assessment, By End-Users, 2021 & 2031F |
11 North America IoT in Healthcare Market - Competitive Landscape |
11.1 North America IoT in Healthcare Market Revenue Share, By Companies, 2024 |
11.2 North America IoT in Healthcare Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |