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.
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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.
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North American IoT in Healthcare Market Segmentation
By Component
- Medical Devices
- Software And Solutions
- Services
By Application
- Inpatient Monitoring
- Telemedicine
- Connected Imaging
- Drug Development
By End-Users
- Healthcare Providers
- Research Laboratories
Regional Analysis
- North America
- United States
- Canada
Company Profiles
- Amazon Web Services, Inc.
- Apple Inc.
- Backbone Labs, Inc.
- Cisco Systems Inc.
- GENERAL ELECTRIC
- Honeywell Life Care Solutions
- IBM Corp.
- Keriton
- Koninklijke Philips N.V.,
- Medtronic Plc
- Microsoft Corp.
- SAP SE
- ST. Jude Medical Inc.
- STANLEY Healthcare
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