No. of Pages: 159 | Report Code: BMIPUB00032072 | Category: Life Sciences
North America IoT medical devices market size is expected to reach US$ 101,356.9 million by 2033 from US$ 25,474.2 million in 2024. The market is estimated to record a CAGR of 17.5% from 2025 to 2033.
The IoT medical devices market in North America is experiencing significant growth driven by increasing prevalence of chronic diseases and aging population, growing focus on patient-centric and personalized healthcare, and technological advancements. At present, North America, which includes the United States, Canada and Mexico, is the largest user of connected health solutions. The US is a major driver, with rapid adoption of remote patient monitoring (RPM) and smart hospitals. The strong government and CMS reimbursement policies support technology adoption. The FDA is approving new IoT devices, such as Medtronic's Simplera CGM, appointed in August 2024, which will integrate with IoT-enabled insulin systems for full glucose monitoring. US hospitals are even utilizing IoT for asset tracking, workflow efficiencies and connected diagnostics. Canada is rapidly ramping up its use of IoT medical devices and artificial intelligence (AI) in healthcare.
Key segments that contributed to the derivation of the IoT medical devices market analysis are product, technology, application, and end user.
The North America IoT medical devices market is segmented into the United States, Canada, and Mexico. The North America IoT medical devices market is robust and expanding. This positions North America to be a world leader. The healthcare ecosystem is robust and has begun the process of embracing new technologies. IoT solutions have been proven to increase efficacy, reduce cost and improve patient outcomes. The government and private sectors are investing significantly in research and development to advance IoT devices. High levels of digital literacy coupled with low-cost, and availability of internet ensures that connected health technologies will continue to grow in North America.
Based on country, the North America IoT medical devices market is segmented into the United States, Canada, and Mexico. The United States held the largest share in 2024.
The United States accounts for the largest, and growing, market for IoT medical devices across the world. This is fueled largely by the well-established healthcare system in the US, high incidence of chronic diseases, and increasing emphasis on digital health. As of 2024, the US accounted for the largest share of global revenues. To date, the US is the leader of IoT adoption, particularly, remote patient monitoring programs and smart hospitals. Hospitals currently utilize IoT devices for asset tracking and workflow improvements. In 2024, GE Healthcare partnered with Tampa General Hospital to initiate connected imaging technology. In the US, the primary focus has been on reducing costs, allowing for improved access to care, and enabling proactive disease management using real time data.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 25,474.2 Million |
| Market Size by 2033 | US$ 101,356.9 Million |
| Global CAGR (2025 - 2033) | 17.5% |
| Historical Data | 2022-2023 |
| Forecast period | 2025-2033 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Medtronic Plc, GE HealthCare Technologies Inc, Koninklijke Philips NV, Abbott Laboratories, Boston Scientific Corporation, Omron Healthcare Inc, Baxter International Inc, Siemens Healthineers AG, Jonson & Johnson, and Drägerwerkag & Co KGaA, are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The North America IoT Medical Devices Market is valued at US$ 25,474.2 Million in 2024, it is projected to reach US$ 101,356.9 Million by 2033.
As per our report North America IoT Medical Devices Market, the market size is valued at US$ 25,474.2 Million in 2024, projecting it to reach US$ 101,356.9 Million by 2033. This translates to a CAGR of approximately 17.5% during the forecast period.
The North America IoT Medical Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America IoT Medical Devices Market report:
The North America IoT Medical Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America IoT Medical Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America IoT Medical Devices Market value chain can benefit from the information contained in a comprehensive market report.
E 1803, Panchshil Towers, Vagholi, Haveli, Pune- 412207, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America IoT Medical Devices Market
