Market Research

North America IoT Medical Devices Market Size, Share & Industry Trends Analysis Report By Product, By Connectivity Technology (WiFi, Bluetooth, and Zigbee & Others), By Type, By End User, By Country and Growth Forecast, 2023 - 2030

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 178 Pages Knowledge Based Value (KBV) Research August, 2023 KBV18251882
Best Price Guarantee
Price from $1,500
Length 178 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date August, 2023
SKU KBV18251882

North America IoT Medical Devices Market Size, Share & Industry Trends Analysis Report By Product, By Connectivity Technology (WiFi, Bluetooth, and Zigbee & Others), By Type, By End User, By Country and Growth Forecast, 2023 - 2030


The North America IoT Medical Devices Market would witness market growth of 28.6% CAGR during the forecast period (2023-2030).

The demand for Internet of Things (IoT) medical devices is influenced by technological advancement, the rise of the senior population, and the increase of chronic diseases. In addition, the decreasing duration of hospital stays has fuelled demand for IoT medical devices. Key market participants are initiating unique and innovative software programs to address market issues.

The widespread use of IoT in medical devices has increased their functional efficacy, enabling enhanced treatment outcomes and disease management. Demand for IoT medical devices will be fuelled by a surge in hospital spending on adopting sophisticated technology in developing and developed regions. Other factors include a growing focus on active patient-centric care and patient engagement, the rising demand for cost-control measures, and the expansion of high-speed network technologies for IoT connectivity in the medical sector.

Furthermore, the market, comprised of several small start-ups, mid-sized businesses, and enormous conglomerates, is expected to stay intensely competitive and extremely fragmented. Due to the increasing demand for technological innovation and product diversity, there will be significant opportunities for inventive participants during the projection period.

Canada's federal mandate may be one of the nation's greatest strengths in IoT and machine learning-based care data. In Canada, remote patient monitoring programs are becoming increasingly common, especially for managing chronic conditions such as diabetes and hypertension. IoT devices like connected glucometers, blood pressure monitors, and wearable fitness trackers are used to monitor patients' health data remotely. Healthcare providers can access this data to track patient progress and intervene when necessary. Therefore, the North America region will present ample growth opportunities for the market.

The US market dominated the North America IoT Medical Devices Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $63,401.1 million by 2030. The Canada market is experiencing a CAGR of 31.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 30.4% during (2023 - 2030).

Based on Product, the market is segmented into Vital Sign Monitoring System (ECG/Heart Rate Monitor, Blood Pressure Monitor, Blood Glucose Monitor, Oximeters, and Others), Hearing Devices, Imaging Systems, Implantable Cardiac Monitors, Patient Monitors, Respiratory Devices, Infusion Pumps, Ventilators, Anesthesia Machines, and Others. Based on Connectivity Technology, the market is segmented into WiFi, Bluetooth, and Zigbee & Others. Based on Type, the market is segmented into Stationary Medical Devices, Wearable Medical Devices, Implantable Medical Devices, and Others. Based on End User, the market is segmented into Hospitals & Clinics, Nursing homes, assisted living facilities, long-term care centers & home care settings, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Medtronic PLC, GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Abbott Laboratories, Boston Scientific Corporation, Omron Corporation, Baxter International, Inc. (Hill-Rom Holdings, Inc.), Johnson & Johnson, Nihon Kohden Corporation and Siemens Healthineers AG (Siemens AG)

Scope of the Study

Market Segments covered in the Report:

By Product
  • Vital Sign Monitoring System
  • ECG/Heart Rate Monitor
  • Blood Pressure Monitor
  • Blood Glucose Monitor
  • Oximeters
  • Others
  • Hearing Devices
  • Imaging Systems
  • Implantable Cardiac Monitors
  • Patient Monitors
  • Respiratory Devices
  • Infusion Pumps
  • Ventilators
  • Anesthesia Machines
  • Others
By Connectivity Technology
  • WiFi
  • Bluetooth
  • Zigbee & Others
By Type
  • Stationary Medical Devices
  • Wearable Medical Devices
  • Implantable Medical Devices
  • Others
By End User
  • Hospitals & Clinics
  • Nursing homes, assisted living facilities, long-term care centers & home care settings
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Medtronic PLC
  • GE HealthCare Technologies, Inc.
  • Koninklijke Philips N.V.
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Omron Corporation
  • Baxter International, Inc. (Hill-Rom Holdings, Inc.)
  • Johnson & Johnson
  • Nihon Kohden Corporation
  • Siemens Healthineers AG (Siemens AG)
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT Medical Devices Market, by Product
1.4.2 North America IoT Medical Devices Market, by Connectivity Technology
1.4.3 North America IoT Medical Devices Market, by Type
1.4.4 North America IoT Medical Devices Market, by End User
1.4.5 North America IoT Medical Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2023, Jul) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America IoT Medical Devices Market by Product
5.1 North America Vital Sign Monitoring System Market by Country
5.2 North America IoT Medical Devices Market by Vital Sign Monitoring System Type
5.2.1 North America ECG/Heart Rate Monitor Market by Country
5.2.2 North America Blood Pressure Monitor Market by Country
5.2.3 North America Blood Glucose Monitor Market by Country
5.2.4 North America Oximeters Market by Country
5.2.5 North America Others Market by Country
5.3 North America Hearing Devices Market by Country
5.4 North America Imaging Systems Market by Country
5.5 North America Implantable Cardiac Monitors Market by Country
5.6 North America Patient Monitors Market by Country
5.7 North America Respiratory Devices Market by Country
5.8 North America Infusion Pumps Market by Country
5.9 North America Ventilators Market by Country
5.1 North America Anesthesia Machines Market by Country
5.11 North America Others Market by Country
Chapter 6. North America IoT Medical Devices Market by Connectivity Technology
6.1 North America WiFi Market by Country
6.2 North America Bluetooth Market by Country
6.3 North America Zigbee & Others Market by Country
Chapter 7. North America IoT Medical Devices Market by Type
7.1 North America Stationary Medical Devices Market by Country
7.2 North America Wearable Medical Devices Market by Country
7.3 North America Implantable Medical Devices Market by Country
7.4 North America Others Market by Country
Chapter 8. North America IoT Medical Devices Market by End User
8.1 North America Hospitals & Clinics Market by Country
8.2 North America Nursing homes, assisted living facilities, long-term care centers & home care settings Market by Country
8.3 North America Others Market by Country
Chapter 9. North America IoT Medical Devices Market by Country
9.1 US IoT Medical Devices Market
9.1.1 US IoT Medical Devices Market by Product
9.1.1.1 US IoT Medical Devices Market by Vital Sign Monitoring System Type
9.1.2 US IoT Medical Devices Market by Connectivity Technology
9.1.3 US IoT Medical Devices Market by Type
9.1.4 US IoT Medical Devices Market by End User
9.2 Canada IoT Medical Devices Market
9.2.1 Canada IoT Medical Devices Market by Product
9.2.1.1 Canada IoT Medical Devices Market by Vital Sign Monitoring System Type
9.2.2 Canada IoT Medical Devices Market by Connectivity Technology
9.2.3 Canada IoT Medical Devices Market by Type
9.2.4 Canada IoT Medical Devices Market by End User
9.3 Mexico IoT Medical Devices Market
9.3.1 Mexico IoT Medical Devices Market by Product
9.3.1.1 Mexico IoT Medical Devices Market by Vital Sign Monitoring System Type
9.3.2 Mexico IoT Medical Devices Market by Connectivity Technology
9.3.3 Mexico IoT Medical Devices Market by Type
9.3.4 Mexico IoT Medical Devices Market by End User
9.4 Rest of North America IoT Medical Devices Market
9.4.1 Rest of North America IoT Medical Devices Market by Product
9.4.1.1 Rest of North America IoT Medical Devices Market by Vital Sign Monitoring System Type
9.4.2 Rest of North America IoT Medical Devices Market by Connectivity Technology
9.4.3 Rest of North America IoT Medical Devices Market by Type
9.4.4 Rest of North America IoT Medical Devices Market by End User
Chapter 10. Company Profiles
10.1 Medtronic PLC
10.1.1 Company overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 GE HealthCare Technologies, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Koninklijke Philips N.V.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Abbott Laboratories
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Boston Scientific Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Omron Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 SWOT Analysis
10.7 Baxter International, Inc. (Hill-Rom Holdings, Inc.)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Johnson & Johnson
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental & Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 Nihon Kohden Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Product Category and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.6 SWOT Analysis
10.10. Siemens Healthineers AG (Siemens AG)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Acquisition and Mergers:
10.10.6 SWOT Analysis

$1,500
$1,800
$2,520

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings