Market Research Report
North America Healthcare IOT Security Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||980912|
|Published||Content info||142 Pages
Delivery time: 2-3 business days
|North America Healthcare IOT Security Market Forecast 2021-2026|
|Published: January 11, 2021||Content info: 142 Pages||
The North America healthcare IoT security market is anticipated to grow with a CAGR of 21.21%, over the forecast years of 2021 to 2026. The advent of analytics across multiple applications, including health monitoring, decision making, marketing, and human resources.
The North America healthcare IoT security market growth is evaluated by assessing Canada and the United States. As per the Canadian Institute for Health Information (CIHI), Canada was projected to spend $264 billion on healthcare, equating to over $7,060, per Canadian citizen, in 2019. Besides, the country's healthcare expenditure has steadily augmented over recent years. While the overall trend has observed an increase, there are numerous outlying years, as well. For instance, a major trend was recorded in 2010, with the country's healthcare expenditure accounting for 11.6%, of its gross domestic product (GDP). However, it reached a low point in 2015. In 2019, the percentage was anticipated to be relatively higher than the figures in 2018.
Presently, Canada holds a minor share across the North America healthcare IoT security market. Nevertheless, it is expected to grow with a substantial CAGR, over the forecast period, with the increase mainly accredited to the surging numbers of IoT devices. Moreover, the consistent use of intelligent and connected ecosystem, across the healthcare sector, has generated the demand for devices with more accuracy and fewer delays. Similarly, connected solutions need a higher level of security features in order to avoid data breaches, especially within the communication channel, device, and cloud. Hence, these factors are set to fuel the country's market growth during the forecast years.
Some of the prominent companies operating in the market are, IBM Corporation, Microsoft Corporation, Fortinet Inc, etc.