North America Internet Of Medical Things (Iomt) Market
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North America Internet Of Medical Things (Iomt) Market, 2018-2030 (US$B)
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North America internet of medical things (iomt) market highlights
- The North America internet of medical things (iomt) market generated a revenue of USD 65.6 billion in 2023.
- The market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 65.6 billion |
| Market revenue in 2030 | USD 200.8 billion |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, North America region accounted for 36.1% of the global internet of medical things (iomt) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 47.1 billion by 2030.
The North America Internet of Medical Things dominated the market with a revenue share of 36.5% in 2023. The transition to value-based care models in the region is driving the adoption of IoMT technologies to improve patient outcomes and reduce healthcare costs.
IoMT devices provide real-time data on patient health, enabling healthcare providers to make more informed decisions and deliver personalized care; this shift to value-based care models has boosted the market growth of IoMT in North America.
Another prominent trend in the region is the rapid growth of telemedicine services. Telemedicine has become more accessible and convenient for both patients and healthcare providers by virtue of advancements in technology and connectivity.
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Internet Of Medical Things Iomt Market Report
Internet Of Medical Things Iomt Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| SAP SE ADR | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
North America internet of medical things iomt market report
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Internet of Medical Things (IoMT) Market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 45.58% in 2023.
Horizon Databook has segmented the North America internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The North America Internet of Medical Things dominated the market with a revenue share of 36.5% in 2023. The transition to value-based care models in the region is driving the adoption of IoMT technologies to improve patient outcomes and reduce healthcare costs.
IoMT devices provide real-time data on patient health, enabling healthcare providers to make more informed decisions and deliver personalized care; this shift to value-based care models has boosted the market growth of IoMT in North America.
Another prominent trend in the region is the rapid growth of telemedicine services. Telemedicine has become more accessible and convenient for both patients and healthcare providers by virtue of advancements in technology and connectivity.
- North America Internet Of Medical Things (Iomt) Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- North America Internet Of Medical Things (Iomt) Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- On-premise
- Cloud
- North America Internet Of Medical Things (Iomt) Market Application Outlook (Revenue, USD Million , 2018-2030)
- Telemedicine
- Clinical Operations & Workflow Management
- Connected Imaging
- Medication Management
- Inpatient Monitoring
- Others
- North America Internet Of Medical Things (Iomt) Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Homecare
- Clinics
- Hospitals
- Research Institutes & Academics
- Others
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North America Internet Of Medical Things (Iomt) Market, 2018-2030 (US$B)
North America internet of medical things iomt market report statistics, by component, 2018-2030 (US$M)
