North America Internet of Medical Things (IoMT) Market Size, Share & Industry Trends Analysis Report By Deployment Type (On-premise, and Cloud), By Component, By End-use, By Application, By Country and Growth Forecast, 2023

List of Tables

The North America Internet of Medical Things (IoMT) Market would witness market growth of 19.6% CAGR during the forecast period (2023-2030).

The advancements in healthcare information technologies (healthcare IT) have caused significant changes in the healthcare industry. The Internet of Medical Things is a system of medical devices connected to a network or each other that exchange health data without requiring human-to-machine interaction.

The connectivity of these systems and devices to the internet enables remote patient monitoring and diagnosis. In addition, IoMT facilitates an improved understanding of patient health, and the delivery of value-based care to patients is advantageous for patients, payers, and providers. The advances in sensor technology, miniaturization, and connectivity technologies are facilitating the development of more advanced and affordable medical devices, making Internet of Medical Things (IoMT) accessible to healthcare patients and providers, thereby driving market growth.

In addition, the increase in the aging population and the number of chronic diseases has led to a greater demand for remote surveillance and healthcare management solutions, which is anticipated to propel market growth over the forecast period. Moreover, implementing radio-frequency identification (RFID) devices in IoMT is crucial in managing drug availability issues and supply costs.

As the population of North America ages and chronic diseases become more prevalent among aging population, the demand for IoMT solutions to meet the healthcare requirements of this demographic will likely increase. According to the Canadian government, 73% of Canadians aged 65 and older have at least one of ten common chronic diseases. Hypertension (65.7%), periodontal disease (52.0%), osteoarthritis (38.0%), ischemic heart disease (27.0%), diabetes (26.8%), osteoporosis (25.1%), cancer (21.5%), COPD (20.2%), asthma (10.7%), and mood & anxiety disorders (10.5%) are the most prevalent chronic diseases and conditions. Therefore, the growing majority of chronic diseases in North America is a crucial driver for the growth of the IoMT market. IoMT technologies can enhance patient care, decrease healthcare costs, and enhance overall health outcomes for individuals managing chronic conditions.

The US market dominated the North America Internet of Medical Things (IoMT) Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $150,051.3 million by 2030. The Canada market is experiencing a CAGR of 22.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 21.3% during (2023 - 2030).

Based on Deployment Type, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Hardware (Stationary Devices, Wearable Devices, Implantable Devices, and Others), Software (Device Management, Application Management, Cloud Management, and Data Analytics & Others), and Services. Based on End-use, the market is segmented into Hospitals, Research Institutes & Academics, Clinics, Homecare, and Others. Based on Application, the market is segmented into Telemedicine, Connected Imaging, Clinical Operations & Workflow Management, Medication Management, Inpatient Monitoring, 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 stake holders of the market. Key companies profiled in the report include Apple, Inc., Boston Scientific Corporation, Biotronik SE & Co. KG, Cisco Systems, Inc., General Electric Company, Honeywell International, Inc., IBM Corporation, Koninklijke Philips N.V., Lenovo Group Limited and Medtronic PLC

Scope of the Study

Market Segments covered in the Report:

By Deployment Type

On-premise
Cloud

By Component

Hardware
- Stationary Devices
- Wearable Devices
- Implantable Devices
- Others
Software
- Device Management
- Application Management
- Cloud Management
- Data Analytics & Others
Services

By End-use

Hospitals
Research Institutes & Academics
Clinics
Homecare
Others

By Application

Telemedicine
Connected Imaging
Clinical Operations & Workflow Management
Medication Management
Inpatient Monitoring
Others

By Country

US
Canada
Mexico
Rest of North America

Companies Profiled

Apple, Inc.
Boston Scientific Corporation
Biotronik SE & Co. KG
Cisco Systems, Inc.
General Electric Company
Honeywell International, Inc.
IBM Corporation
Koninklijke Philips N.V.
Lenovo Group Limited
Medtronic PLC

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Internet of Medical Things (IoMT) Market, by Deployment Type
- 1.4.2 North America Internet of Medical Things (IoMT) Market, by Component
- 1.4.3 North America Internet of Medical Things (IoMT) Market, by End-use
- 1.4.4 North America Internet of Medical Things (IoMT) Market, by Application
- 1.4.5 North America Internet of Medical Things (IoMT) 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 Market Share Analysis, 2022
4.2 Strategies Deployed in Internet of Medical Things (IoMT) Market
4.3 Porter's Five Force Analysis

Chapter 5. North America Internet of Medical Things (IoMT) Market by Deployment Type

5.1 North America On-premise Market by Region
5.2 North America Cloud Market by Region

Chapter 6. North America Internet of Medical Things (IoMT) Market by Component

6.1 North America Hardware Market by Country
6.2 North America Internet of Medical Things (IoMT) Market by Hardware Component
- 6.2.1 North America Stationary Devices Market by Country
- 6.2.2 North America Wearable Devices Market by Country
- 6.2.3 North America Implantable Devices Market by Country
- 6.2.4 North America Others Market by Country
6.3 North America Software Market by Country
6.4 North America Internet of Medical Things (IoMT) Market by Software Component
- 6.4.1 North America Device Management Market by Country
- 6.4.2 North America Application Management Market by Country
- 6.4.3 North America Cloud Management Market by Country
- 6.4.4 North America Data Analytics & Others Market by Country
6.5 North America Services Market by Country

Chapter 7. North America Internet of Medical Things (IoMT) Market by End-use

7.1 North America Hospitals Market by Country
7.2 North America Research Institutes & Academics Market by Country
7.3 North America Clinics Market by Country
7.4 North America Homecare Market by Country
7.5 North America Others Market by Country

Chapter 8. North America Internet of Medical Things (IoMT) Market by Application

8.1 North America Telemedicine Market by Country
8.2 North America Connected Imaging Market by Country
8.3 North America Clinical Operations & Workflow Management Market by Country
8.4 North America Medication Management Market by Country
8.5 North America Inpatient Monitoring Market by Country
8.6 North America Others Market by Country

Chapter 9. North America Internet of Medical Things (IoMT) Market by Country

9.1 US Internet of Medical Things (IoMT) Market
- 9.1.1 US Internet of Medical Things (IoMT) Market by Deployment Type
- 9.1.2 US Internet of Medical Things (IoMT) Market by Component
  - 9.1.2.1 US Internet of Medical Things (IoMT) Market by Hardware Component
  - 9.1.2.2 US Internet of Medical Things (IoMT) Market by Software Component
- 9.1.3 US Internet of Medical Things (IoMT) Market by End-use
- 9.1.4 US Internet of Medical Things (IoMT) Market by Application
9.2 Canada Internet of Medical Things (IoMT) Market
- 9.2.1 Canada Internet of Medical Things (IoMT) Market by Deployment Type
- 9.2.2 Canada Internet of Medical Things (IoMT) Market by Component
  - 9.2.2.1 Canada Internet of Medical Things (IoMT) Market by Hardware Component
  - 9.2.2.2 Canada Internet of Medical Things (IoMT) Market by Software Component
- 9.2.3 Canada Internet of Medical Things (IoMT) Market by End-use
- 9.2.4 Canada Internet of Medical Things (IoMT) Market by Application
9.3 Mexico Internet of Medical Things (IoMT) Market
- 9.3.1 Mexico Internet of Medical Things (IoMT) Market by Deployment Type
- 9.3.2 Mexico Internet of Medical Things (IoMT) Market by Component
  - 9.3.2.1 Mexico Internet of Medical Things (IoMT) Market by Hardware Component
  - 9.3.2.2 Mexico Internet of Medical Things (IoMT) Market by Software Component
- 9.3.3 Mexico Internet of Medical Things (IoMT) Market by End-use
- 9.3.4 Mexico Internet of Medical Things (IoMT) Market by Application
9.4 Rest of North America Internet of Medical Things (IoMT) Market
- 9.4.1 Rest of North America Internet of Medical Things (IoMT) Market by Deployment Type
- 9.4.2 Rest of North America Internet of Medical Things (IoMT) Market by Component
  - 9.4.2.1 Rest of North America Internet of Medical Things (IoMT) Market by Software Component
  - 9.4.2.2 Rest of North America Internet of Medical Things (IoMT) Market by Hardware Component
- 9.4.3 Rest of North America Internet of Medical Things (IoMT) Market by End-use
- 9.4.4 Rest of North America Internet of Medical Things (IoMT) Market by Application

Chapter 10. Company Profiles

10.1 Apple, Inc.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 SWOT Analysis
10.2 Boston Scientific Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
10.3 Biotronik SE & Co. KG
- 10.3.1 Company Overview
10.4 Cisco Systems, Inc.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 SWOT Analysis
10.5 General Electric Company
- 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 SWOT Analysis
10.6 Honeywell International, Inc.
- 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 IBM Corporation
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 SWOT Analysis
10.8 Koninklijke Philips N.V.
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expense
- 10.8.5 Recent strategies and developments:
  - 10.8.5.1 Partnerships, Collaborations, and Agreements:
  - 10.8.5.2 Product Launches and Product Expansions:
  - 10.8.5.3 Acquisition and Mergers:
- 10.8.6 SWOT Analysis
10.9 Lenovo Group Limited
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 SWOT Analysis
10.10. Medtronic PLC
- 10.10.1 Company overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 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

LIST OF TABLES

TABLE 1 North America Internet of Medical Things (IoMT) Market, 2019 - 2022, USD Million
TABLE 2 North America Internet of Medical Things (IoMT) Market, 2023 - 2030, USD Million
TABLE 3 North America Internet of Medical Things (IoMT) Market by Deployment Type, 2019 - 2022, USD Million
TABLE 4 North America Internet of Medical Things (IoMT) Market by Deployment Type, 2023 - 2030, USD Million
TABLE 5 North America On-premise Market by Region, 2019 - 2022, USD Million
TABLE 6 North America On-premise Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Cloud Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Cloud Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Internet of Medical Things (IoMT) Market by Component, 2019 - 2022, USD Million
TABLE 10 North America Internet of Medical Things (IoMT) Market by Component, 2023 - 2030, USD Million
TABLE 11 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Internet of Medical Things (IoMT) Market by Hardware Component, 2019 - 2022, USD Million
TABLE 14 North America Internet of Medical Things (IoMT) Market by Hardware Component, 2023 - 2030, USD Million
TABLE 15 North America Stationary Devices Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Stationary Devices Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Wearable Devices Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Wearable Devices Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Implantable Devices Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Implantable Devices Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Internet of Medical Things (IoMT) Market by Software Component, 2019 - 2022, USD Million
TABLE 26 North America Internet of Medical Things (IoMT) Market by Software Component, 2023 - 2030, USD Million
TABLE 27 North America Device Management Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Device Management Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Application Management Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Application Management Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Cloud Management Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Cloud Management Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Data Analytics & Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Data Analytics & Others Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Internet of Medical Things (IoMT) Market by End-use, 2019 - 2022, USD Million
TABLE 38 North America Internet of Medical Things (IoMT) Market by End-use, 2023 - 2030, USD Million
TABLE 39 North America Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Hospitals Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Research Institutes & Academics Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Research Institutes & Academics Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Clinics Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Clinics Market by Country, 2023 - 2030, USD Million
TABLE 45 North America Homecare Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Homecare Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 49 North America Internet of Medical Things (IoMT) Market by Application, 2019 - 2022, USD Million
TABLE 50 North America Internet of Medical Things (IoMT) Market by Application, 2023 - 2030, USD Million
TABLE 51 North America Telemedicine Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Telemedicine Market by Country, 2023 - 2030, USD Million
TABLE 53 North America Connected Imaging Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Connected Imaging Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Clinical Operations & Workflow Management Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Clinical Operations & Workflow Management Market by Country, 2023 - 2030, USD Million
TABLE 57 North America Medication Management Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Medication Management Market by Country, 2023 - 2030, USD Million
TABLE 59 North America Inpatient Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 60 North America Inpatient Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 61 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 63 North America Internet of Medical Things (IoMT) Market by Country, 2019 - 2022, USD Million
TABLE 64 North America Internet of Medical Things (IoMT) Market by Country, 2023 - 2030, USD Million
TABLE 65 US Internet of Medical Things (IoMT) Market, 2019 - 2022, USD Million
TABLE 66 US Internet of Medical Things (IoMT) Market, 2023 - 2030, USD Million
TABLE 67 US Internet of Medical Things (IoMT) Market by Deployment Type, 2019 - 2022, USD Million
TABLE 68 US Internet of Medical Things (IoMT) Market by Deployment Type, 2023 - 2030, USD Million
TABLE 69 US Internet of Medical Things (IoMT) Market by Component, 2019 - 2022, USD Million
TABLE 70 US Internet of Medical Things (IoMT) Market by Component, 2023 - 2030, USD Million
TABLE 71 US Internet of Medical Things (IoMT) Market by Hardware Component, 2019 - 2022, USD Million
TABLE 72 US Internet of Medical Things (IoMT) Market by Hardware Component, 2023 - 2030, USD Million
TABLE 73 US Internet of Medical Things (IoMT) Market by Software Component, 2019 - 2022, USD Million
TABLE 74 US Internet of Medical Things (IoMT) Market by Software Component, 2023 - 2030, USD Million
TABLE 75 US Internet of Medical Things (IoMT) Market by End-use, 2019 - 2022, USD Million
TABLE 76 US Internet of Medical Things (IoMT) Market by End-use, 2023 - 2030, USD Million
TABLE 77 US Internet of Medical Things (IoMT) Market by Application, 2019 - 2022, USD Million
TABLE 78 US Internet of Medical Things (IoMT) Market by Application, 2023 - 2030, USD Million
TABLE 79 Canada Internet of Medical Things (IoMT) Market, 2019 - 2022, USD Million
TABLE 80 Canada Internet of Medical Things (IoMT) Market, 2023 - 2030, USD Million
TABLE 81 Canada Internet of Medical Things (IoMT) Market by Deployment Type, 2019 - 2022, USD Million
TABLE 82 Canada Internet of Medical Things (IoMT) Market by Deployment Type, 2023 - 2030, USD Million
TABLE 83 Canada Internet of Medical Things (IoMT) Market by Component, 2019 - 2022, USD Million
TABLE 84 Canada Internet of Medical Things (IoMT) Market by Component, 2023 - 2030, USD Million
TABLE 85 Canada Internet of Medical Things (IoMT) Market by Hardware Component, 2019 - 2022, USD Million
TABLE 86 Canada Internet of Medical Things (IoMT) Market by Hardware Component, 2023 - 2030, USD Million
TABLE 87 Canada Internet of Medical Things (IoMT) Market by Software Component, 2019 - 2022, USD Million
TABLE 88 Canada Internet of Medical Things (IoMT) Market by Software Component, 2023 - 2030, USD Million
TABLE 89 Canada Internet of Medical Things (IoMT) Market by End-use, 2019 - 2022, USD Million
TABLE 90 Canada Internet of Medical Things (IoMT) Market by End-use, 2023 - 2030, USD Million
TABLE 91 Canada Internet of Medical Things (IoMT) Market by Application, 2019 - 2022, USD Million
TABLE 92 Canada Internet of Medical Things (IoMT) Market by Application, 2023 - 2030, USD Million
TABLE 93 Mexico Internet of Medical Things (IoMT) Market, 2019 - 2022, USD Million
TABLE 94 Mexico Internet of Medical Things (IoMT) Market, 2023 - 2030, USD Million
TABLE 95 Mexico Internet of Medical Things (IoMT) Market by Deployment Type, 2019 - 2022, USD Million
TABLE 96 Mexico Internet of Medical Things (IoMT) Market by Deployment Type, 2023 - 2030, USD Million
TABLE 97 Mexico Internet of Medical Things (IoMT) Market by Component, 2019 - 2022, USD Million
TABLE 98 Mexico Internet of Medical Things (IoMT) Market by Component, 2023 - 2030, USD Million
TABLE 99 Mexico Internet of Medical Things (IoMT) Market by Hardware Component, 2019 - 2022, USD Million
TABLE 100 Mexico Internet of Medical Things (IoMT) Market by Hardware Component, 2023 - 2030, USD Million
TABLE 101 Mexico Internet of Medical Things (IoMT) Market by Software Component, 2019 - 2022, USD Million
TABLE 102 Mexico Internet of Medical Things (IoMT) Market by Software Component, 2023 - 2030, USD Million
TABLE 103 Mexico Internet of Medical Things (IoMT) Market by End-use, 2019 - 2022, USD Million
TABLE 104 Mexico Internet of Medical Things (IoMT) Market by End-use, 2023 - 2030, USD Million
TABLE 105 Mexico Internet of Medical Things (IoMT) Market by Application, 2019 - 2022, USD Million
TABLE 106 Mexico Internet of Medical Things (IoMT) Market by Application, 2023 - 2030, USD Million
TABLE 107 Rest of North America Internet of Medical Things (IoMT) Market, 2019 - 2022, USD Million
TABLE 108 Rest of North America Internet of Medical Things (IoMT) Market, 2023 - 2030, USD Million
TABLE 109 Rest of North America Internet of Medical Things (IoMT) Market by Deployment Type, 2019 - 2022, USD Million
TABLE 110 Rest of North America Internet of Medical Things (IoMT) Market by Deployment Type, 2023 - 2030, USD Million
TABLE 111 Rest of North America Internet of Medical Things (IoMT) Market by Component, 2019 - 2022, USD Million
TABLE 112 Rest of North America Internet of Medical Things (IoMT) Market by Component, 2023 - 2030, USD Million
TABLE 113 Rest of North America Internet of Medical Things (IoMT) Market by Software Component, 2019 - 2022, USD Million
TABLE 114 Rest of North America Internet of Medical Things (IoMT) Market by Software Component, 2023 - 2030, USD Million
TABLE 115 Rest of North America Internet of Medical Things (IoMT) Market by Hardware Component, 2019 - 2022, USD Million
TABLE 116 Rest of North America Internet of Medical Things (IoMT) Market by Hardware Component, 2023 - 2030, USD Million
TABLE 117 Rest of North America Internet of Medical Things (IoMT) Market by End-use, 2019 - 2022, USD Million
TABLE 118 Rest of North America Internet of Medical Things (IoMT) Market by End-use, 2023 - 2030, USD Million
TABLE 119 Rest of North America Internet of Medical Things (IoMT) Market by Application, 2019 - 2022, USD Million
TABLE 120 Rest of North America Internet of Medical Things (IoMT) Market by Application, 2023 - 2030, USD Million
TABLE 121 Key Information - Apple, Inc.
TABLE 122 Key Information - Boston Scientific Corporation
TABLE 123 Key Information - Biotronik SE & Co. KG
TABLE 124 Key Information - Cisco Systems, Inc.
TABLE 125 Key Information - General Electric Company
TABLE 126 Key Information - Honeywell International, Inc.
TABLE 127 Key Information - IBM Corporation
TABLE 128 Key Information - Koninklijke Philips N.V.
TABLE 129 Key Information - Lenovo Group Limited
TABLE 130 Key Information - Medtronic PLC

North America Internet of Medical Things (IoMT) Market Size, Share & Industry Trends Analysis Report By Deployment Type (On-premise, and Cloud), By Component, By End-use, By Application, By Country and Growth Forecast, 2023 - 2030

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