North American IoT in Healthcare Market Size, Share, Trends & Forecast 2019-2025

Posted by pooja makkhar on March 12th, 2020

North American IoT in Healthcare market is expected to witness a significant growth with the CAGR of 22% during the forecast period. North America is estimated to be the dominating region in the IoT in healthcare market owing to its well-developed information communication technology (ICT) infrastructure and the larger number of connected devices adoptions. The economic strength and well-established technology infrastructure of the North America provides a solid platform for the growth of the IoT in healthcare market. 

IoT Healthcare also allows enhanced drug management. The average cost of developing an approved drug to be around 55 million along with a multi-billion-dollar fraudulent drug industry to add to the trouble. FDA added RFID guidelines in 2004 for drug supply chain management. These guidelines are enhancing effectiveness associated with drug supply chain in all the three tiers of producers, consumers, and regulators. Though, TruTag and WuXi PharmaTech are some companies are developing edible IoT based “smart” pills that can assist monitoring of health issues and medication controls; more number of companies is expected to emerge in this market.

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North American IoT in healthcare market is segmented on the basis of component, application, and end-users. Based on the component, the market is segmented into medical devices, software & solutions, and services. Based on the application, the market is segmented into inpatient monitoring, telemedicine, connected imaging, and drug development. Further, based on the end-users, the market is segmented into healthcare providers and research laboratories.

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North American IoT in Healthcare Market Segmentation

By Component

•          Medical Devices
•          Software And Solutions
•          Services

By Application

•          Inpatient Monitoring
•          Telemedicine
•          Connected Imaging
•          Drug Development

By End-Users

•          Healthcare Providers
•          Research Laboratories

Regional Analysis

•          North America
•          United States
•          Canada

Company Profiles

•          Amazon Web Services, Inc.
•          Alphabet Inc. 
•          Apple Inc.
•          Backbone Labs, Inc.
•          Cisco Systems Inc.
•          Honeywell Life Care Solutions
•          IBM Corp.
•          GENERAL ELECTRIC
•          Keriton
•          Medtronic Plc

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