North America Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Country: Trend Forecast and Growth Opportunity
North America connected healthcare device market is projected to grow by 18.9% annually in the forecast period and reach $106.9 billion by 2033. The growth is driven by the emergence of telehealth and telemedicine services, benefits such as reliability and effective patient monitoring, the penetration of mobile and internet technology, government initiatives, growing spending on R&D activities, and an increasing adoption of IT and IoT in healthcare.
Highlighted with 26 tables and 58 figures, this 126-page report “North America Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire North America connected healthcare device market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America connected healthcare device market in every aspect of the classification from perspectives of Product, Device Type, Application, End User, and Country.
Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Medical Devices
o Blood Pressure Monitor
o Glucose Monitor
o Insulin Pump
o ECG Monitoring Device
o Pulse Oximeter
o Portable GPS PERS
o Smart Pill Dispenser
o Other Medical Devices
• Wellness Devices
o Body Analyzer
o Digital Pedometer
o GPS Sports Watch
o Heart Rate Monitor
o Sleep Quality Monitor
o Other Wellness Devices
• Software & Services
o Fitness & Wellness App
o Online Subscription
o Other Software & Services
Based on Device Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Wearable Devices
• Implantable Devices
• Stationary Devices
By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Remote Monitoring
• Consultation and Diagnosis Services
• Treatment Services
• Fitness and Wellness Services
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers (ASCs)
• Home Care Settings
• Other End Users
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Product, Device Type, and End User and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Abbott Laboratories
Aerotel Medical System Ltd.
AgaMatrix, Inc.
Apple Inc.
BioTelemetry Inc.
Biotronik SE & Co. KG
Boston Scientific Corporation
DexCom Inc.
Draeger Medical Systems, Inc.
F. Hoffmann-La Roche AG
Fitbit, Inc.
Garmin Ltd.
GE Healthcare
Honeywell International Inc.
IHealth Labs (Subsidiary of Andon Health)
Johnson & Johnson
Koninklijke Philips NV
McKesson Corporation
Medtronic PLC
NXP Semiconductors NV
Omron Healthcare Inc.
Phillips Healthcare Company
Siemens Healthcare Private Limited
Stanley Healthcare
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 25
2.1.3 Impact of Russia-Ukraine Conflict 27
2.1.4 Impact of Israel-Palestine War 29
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of North America Market by Product 45
3.1 Market Overview by Product 45
3.2 Medical Devices 47
3.2.1 Blood Pressure Monitor 49
3.2.2 Glucose Monitor 50
3.2.3 Insulin Pump 51
3.2.4 ECG Monitoring Device 52
3.2.5 Pulse Oximeter 53
3.2.6 Portable GPS PERS 54
3.2.7 Smart Pill Dispenser 55
3.2.8 Other Medical Devices 56
3.3 Wellness Devices 57
3.3.1 Body Analyzer 59
3.3.2 Digital Pedometer 60
3.3.3 GPS Sports Watch 61
3.3.4 Heart Rate Monitor 62
3.3.5 Sleep Quality Monitor 63
3.3.6 Other Wellness Devices 64
3.4 Software & Services 65
3.4.1 Fitness & Wellness App 66
3.4.2 Online Subscription 67
3.4.3 Other Software & Services 68
4 Segmentation of North America Market by Device Type 69
4.1 Market Overview by Device Type 69
4.2 Wearable Devices 71
4.3 Implantable Devices 72
4.4 Stationary Devices 73
5 Segmentation of North America Market by Application 74
5.1 Market Overview by Application 74
5.2 Remote Monitoring 76
5.3 Consultation and Diagnosis Services 77
5.4 Treatment Services 78
5.5 Fitness and Wellness Services 79
6 Segmentation of North America Market by End User 80
6.1 Market Overview by End User 80
6.2 Hospitals 82
6.3 Specialty Clinics 83
6.4 Ambulatory Surgical Centers (ASCs) 84
6.5 Home Care Settings 85
6.6 Other End Users 86
7 North America Market 2023-2033 by Country 87
7.1 Overview of North America Market 87
7.2 U.S. 90
7.3 Canada 93
7.4 Mexico 95
8 Competitive Landscape 97
8.1 Overview of Key Vendors 97
8.2 New Product Launch, Partnership, Investment, and M&A 100
8.3 Company Profiles 101
Abbott Laboratories 101
Aerotel Medical System Ltd. 103
AgaMatrix, Inc. 104
Apple Inc. 105
BioTelemetry Inc. 106
Biotronik SE & Co. KG 107
Boston Scientific Corporation 108
DexCom Inc. 109
Draeger Medical Systems, Inc. 110
F. Hoffmann-La Roche AG 111
Fitbit, Inc. 112
Garmin Ltd. 113
GE Healthcare 114
Honeywell International Inc. 115
IHealth Labs (Subsidiary of Andon Health) 116
Johnson & Johnson 117
Koninklijke Philips NV 118
McKesson Corporation 119
Medtronic PLC 120
NXP Semiconductors NV 121
Omron Healthcare Inc. 122
Phillips Healthcare Company 123
Siemens Healthcare Private Limited 124
Stanley Healthcare 125
RELATED REPORTS 126
List of Tables:
Table 1. Snapshot of North America Connected Healthcare Device Market in Balanced Perspective, 2023-2033 18
Table 2. World Economic Outlook, 2024-2036 22
Table 3. World Economic Outlook, 2022-2024 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Scenarios for Economic Impact of Israel-Palestine War 29
Table 6. Main Product Trends and Market Opportunities in North America Connected Healthcare Device Market 37
Table 7. North America Connected Healthcare Device Market by Product, 2023-2033, $ mn 45
Table 8. North America Connected Healthcare Device Market: Medical Devices by Type, 2023-2033, $ mn 48
Table 9. North America Connected Healthcare Device Market: Wellness Devices by Type, 2023-2033, $ mn 58
Table 10. North America Connected Healthcare Device Market: Software & Services by Type, 2023-2033, $ mn 65
Table 11. North America Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 69
Table 12. North America Connected Healthcare Device Market by Application, 2023-2033, $ mn 74
Table 13. North America Connected Healthcare Device Market by End User, 2023-2033, $ mn 80
Table 14. North America Connected Healthcare Device Market by Country, 2023-2033, $ mn 88
Table 15. U.S. Connected Healthcare Device Market by Product, 2023-2033, $ mn 92
Table 16. U.S. Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 92
Table 17. U.S. Connected Healthcare Device Market by End User, 2023-2033, $ mn 92
Table 18. Canada Connected Healthcare Device Market by Product, 2023-2033, $ mn 94
Table 19. Canada Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 94
Table 20. Canada Connected Healthcare Device Market by End User, 2023-2033, $ mn 94
Table 21. Mexico Connected Healthcare Device Market by Product, 2023-2033, $ mn 96
Table 22. Mexico Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 96
Table 23. Mexico Connected Healthcare Device Market by End User, 2023-2033, $ mn 96
Table 24. Abbott Laboratories: Company Snapshot 101
Table 25. Abbott Laboratories: Business Segmentation 102
Table 26. Abbott Laboratories: Product Portfolio 102
List of Figures:
Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 17
Figure 4. Industry Value Chain Analysis 19
Figure 5. North America Connected Healthcare Device Market, 2023-2033, $ mn 20
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of North America Connected Healthcare Device Market 30
Figure 8. The Benefits of Connected Medical Devices 33
Figure 9. World Industrial IoT Market, 2019-2030, $ mn 33
Figure 10. Primary Restraints and Impact Factors of North America Connected Healthcare Device Market 34
Figure 11. Investment Opportunity Analysis 38
Figure 12. Porter’s Fiver Forces Analysis of North America Connected Healthcare Device Market 41
Figure 13. Breakdown of North America Connected Healthcare Device Market by Product, 2023-2033, % of Revenue 46
Figure 14. North America Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%) 46
Figure 15. North America Connected Healthcare Device Market by Product: Medical Devices, 2023-2033, $ mn 47
Figure 16. North America Connected Healthcare Device Market by Medical Devices: Blood Pressure Monitor, 2023-2033, $ mn 49
Figure 17. North America Connected Healthcare Device Market by Medical Devices: Glucose Monitor, 2023-2033, $ mn 50
Figure 18. North America Connected Healthcare Device Market by Medical Devices: Insulin Pump, 2023-2033, $ mn 51
Figure 19. North America Connected Healthcare Device Market by Medical Devices: ECG Monitoring Device, 2023-2033, $ mn 52
Figure 20. North America Connected Healthcare Device Market by Medical Devices: Pulse Oximeter, 2023-2033, $ mn 53
Figure 21. North America Connected Healthcare Device Market by Medical Devices: Portable GPS PERS, 2023-2033, $ mn 54
Figure 22. North America Connected Healthcare Device Market by Medical Devices: Smart Pill Dispenser, 2023-2033, $ mn 55
Figure 23. North America Connected Healthcare Device Market by Medical Devices: Other Medical Devices, 2023-2033, $ mn 56
Figure 24. North America Connected Healthcare Device Market by Product: Wellness Devices, 2023-2033, $ mn 57
Figure 25. North America Connected Healthcare Device Market by Wellness Devices: Body Analyzer, 2023-2033, $ mn 59
Figure 26. North America Connected Healthcare Device Market by Wellness Devices: Digital Pedometer, 2023-2033, $ mn 60
Figure 27. North America Connected Healthcare Device Market by Wellness Devices: GPS Sports Watch, 2023-2033, $ mn 61
Figure 28. North America Connected Healthcare Device Market by Wellness Devices: Heart Rate Monitor, 2023-2033, $ mn 62
Figure 29. North America Connected Healthcare Device Market by Wellness Devices: Sleep Quality Monitor, 2023-2033, $ mn 63
Figure 30. North America Connected Healthcare Device Market by Wellness Devices: Other Wellness Devices, 2023-2033, $ mn 64
Figure 31. North America Connected Healthcare Device Market by Product: Software & Services, 2023-2033, $ mn 65
Figure 32. North America Connected Healthcare Device Market by Software & Services: Fitness & Wellness App, 2023-2033, $ mn 66
Figure 33. North America Connected Healthcare Device Market by Software & Services: Online Subscription, 2023-2033, $ mn 67
Figure 34. North America Connected Healthcare Device Market by Product: Other Software & Services, 2023-2033, $ mn 68
Figure 35. Breakdown of North America Connected Healthcare Device Market by Device Type, 2023-2033, % of Sales Revenue 70
Figure 36. North America Addressable Market Cap in 2024-2033 by Device Type, Value ($ mn) and Share (%) 70
Figure 37. North America Connected Healthcare Device Market by Device Type: Wearable Devices, 2023-2033, $ mn 71
Figure 38. North America Connected Healthcare Device Market by Device Type: Implantable Devices, 2023-2033, $ mn 72
Figure 39. North America Connected Healthcare Device Market by Device Type: Stationary Devices, 2023-2033, $ mn 73
Figure 40. Breakdown of North America Connected Healthcare Device Market by Application, 2023-2033, % of Sales Revenue 75
Figure 41. North America Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 75
Figure 42. North America Connected Healthcare Device Market by Application: Remote Monitoring, 2023-2033, $ mn 76
Figure 43. North America Connected Healthcare Device Market by Application: Consultation and Diagnosis Services, 2023-2033, $ mn 77
Figure 44. North America Connected Healthcare Device Market by Application: Treatment Services, 2023-2033, $ mn 78
Figure 45. North America Connected Healthcare Device Market by Application: Fitness and Wellness Services, 2023-2033, $ mn 79
Figure 46. Breakdown of North America Connected Healthcare Device Market by End User, 2023-2033, % of Revenue 81
Figure 47. North America Addressable Market Cap in 2024-2033 by End User, Value ($ mn) and Share (%) 81
Figure 48. North America Connected Healthcare Device Market by End User: Hospitals, 2023-2033, $ mn 82
Figure 49. North America Connected Healthcare Device Market by End User: Specialty Clinics, 2023-2033, $ mn 83
Figure 50. North America Connected Healthcare Device Market by End User: Ambulatory Surgical Centers (ASCs), 2023-2033, $ mn 84
Figure 51. North America Connected Healthcare Device Market by End User: Home Care Settings, 2023-2033, $ mn 85
Figure 52. North America Connected Healthcare Device Market by End User: Other End Users, 2023-2033, $ mn 86
Figure 53. Breakdown of North America Connected Healthcare Device Market by Country, 2023 and 2033, % of Revenue 88
Figure 54. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 89
Figure 55. U.S. Connected Healthcare Device Market, 2023-2033, $ mn 91
Figure 56. Canada Connected Healthcare Device Market, 2023-2033, $ mn 93
Figure 57. Connected Healthcare Device Market in Mexico, 2023-2033, $ mn 95
Figure 58. Growth Stage of North America Connected Healthcare Device Industry over the Forecast Period 97
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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