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.

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.

Some of the major players operating in the North American IoT in healthcare market include Amazon Web Services, Inc., Apple Inc., GENERAL ELECTRIC, IBM Corp., Medtronic Plc and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in North American market.

Research Methodology

The market study of the North American IoT in healthcare market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for existing companies and new entrants into the market, potential investors and venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the company and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. 

Market Segmentation:

1. North American IoT in  Healthcare  Market Research and Analysis by Component

2. North American IoT in  Healthcare  Market Research and Analysis by Application

3. North American IoT in  Healthcare  Market Research and Analysis by End-Users

The Report Covers:

• Comprehensive research methodology of North American IoT in healthcare market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting North American IoT in healthcare market.
• Insights about market determinants which are stimulating North American IoT in healthcare market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.