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North America Internet of Medical Things (IoMT) Market is expected to reach USD 49,889.21 million, Size, Share, and Trends

03-09-2023 08:15 AM CET | Health & Medicine

Press release from: Data Bridge Market Research

/ PR Agency: DBMR
North America Internet of Medical Things (IoMT) Market

North America Internet of Medical Things (IoMT) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 22.2% in the forecast period of 2021 to 2028 and is expected to reach USD 49,889.21 million by 2028. The rise in the demand for real-time healthcare solutions across the globe act as a driver for the Internet of Medical Things (IoMT) software market growth.

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North America Internet of Medical Things (IoMT) market has developed as a result of technological advancements and increased accessibility to personal healthcare. On the other hand, the absence of infrastructure facilities and trained specialists in the hospital and medical sectors have hampered the market's expansion. A rise in the demand for connected devices in the healthcare sector is expected to create various opportunities for North America Internet of Medical Things (IoMT) market. This would tend to keep the future of the market strong and advanced.

Global Internet of Medical Things (IoMT) market Scenario

According to Data Bridge Market Research, the market for global Internet of Medical Things (IoMT) in North America has the highest market share followed by Europe and Asia-Pacific. Prospectus leader on the market of Internet of Medical Things (IoMT) are Honeywell International Inc. followed by Lenovo Healthcare Information Technology (Lenovo HIT), Hill-Rom Services, Inc., BIOTRONIK, BioSerenity.

Internet of Medical Things (IoMT) Market Developments

In June 2021, Medtronic announced a clinical trial for the STROKE AF trial determining the Reveal LINQ Insertable Cardiac Monitor (ICM) superiority to detect abnormal heartbeats, otherwise known as atrial fibrillation (AF). Medtronic offers the most comprehensive range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias, developed in collaboration with the world's leading clinicians, researchers, and scientists. The company strives to provide high-quality products and services that deliver clinical and economic value to healthcare consumers and providers..

In June 2020, Boston Scientific Corporation has announced the U.S. launch of the DIRECTSENSE Technology, a tool for monitoring the effect of radiofrequency (RF) energy delivery during cardiac ablation procedures. The DIRECTSENSE Technology provides data on the impedance around the catheter tip to measure the ability of the tissue to respond to RF energy before physicians deliver therapy. During ablation, the tool tracks the change in local impedance which, in conjunction with other measures, offers physicians a distinct understanding of tissue characteristics and how they are affecting that tissue. These insights may indicate temperature change in the tissue, helping to reduce the chances of over-ablation and avoid complications.
In March 2021, GE Digital added enhancement in CIMPLICITY and Tracker software that provide critical decision support for operators to make them more efficient. The high-performance automation platform provides CIMPLICITY HMI/SCADA provides client-server visualization to precisely monitor and control operations. The company enhanced the operational productivity and functionality of the HMI/SCADA.
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North America Internet of Medical Things (IoMT) Market Scope and Market Size

North America Internet of Medical Things (IoMT) market is segmented based on the component, platform, mode of service delivery, connectivity devices, application, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of components, North America Internet of Medical Things (IoMT) market is segmented into hardware, software, and services. Hardware is sub-segmented into processor, sensor, and others. Processors are sub-segmented into Microprocessor (MPU), Application Processor (AP), Microcontroller (MCU), and Digital Signal Processor (DSP). The sensor is sub-segmented into pressure sensor, temperature sensor, blood oxygen sensor, blood glucose sensor, Electrocardiogram (ECG) sensor, humidity sensor, image sensor, motion and position sensor, heart rate sensor, flow sensor, level sensor, and others. Software is sub-segmented into real-time streaming analytics, real-time monitoring, data management, network bandwidth management, security, and others. Data management is sub-segmented into patient data, product data, asset data, and others. Security is sub-segmented into identity access management, secure communications, data encryption and tokenization, distributed denial of service protection, and others. Services sub-segmented into professional services, and managed services. Professional services are sub-segmented into support and maintenance, deployment and integration, and consulting. In 2021, the hardware segment is expected to dominate the market as the increasing adoption of IoT enabled medical devices to meet the growing need for cost-effective and efficient solutions for delivering healthcare services. IoT-enabled medical devices play an important role in data gathering and tracking various activities leading to the development of various IoT in healthcare use cases.
On the basis of platform, North America Internet of Medical Things (IoMT) market is segmented into device management, application management, and cloud management. The device segment is sub-segmented into vital sign monitors, sleep monitoring devices, rehabilitation devices, and others. The vital sign monitor segment is sub-segmented into pulse oximeters, activity monitors, sprimonitor, heart rate monitors, electrocardiographs, blood pressure monitors, and others. The sleep monitoring devices are sub-segmented into wrist actigraphs, sleep trackers, polysomnographs, and others. The rehabilitation devices are sub-segmented into accelerometers, and sensing devices. The network management is sub-segmented into the server, Ethernet switch, and routing, gateway, storage, others. In 2021, the device management segment is expected to dominate the market owing to the advancements of wearable sensor devices, implanted sensor devices, and other stationary devices.
On the basis of mode of service delivery, North America Internet of Medical Things (IoMT) market is segmented into on-premise and cloud. In 2021, the on-premise segment is expected to dominate the market due to the wide usage of on-premises software as it doesn't require users to have an internet connection to access data. Though most businesses rely on the internet to conduct business, there's always a fear that the loss of a connection could harm productivity and make it impossible to access crucial data.
On the basis of connectivity devices, North America Internet of Medical Things (IoMT) market is segmented into wired and wireless. In 2021, the wired segment is expected to dominate the market as its adoption is increasing due to fewer attacks of network traffic interruptions, and less susceptibility to interference and outages than wireless access points.
On the basis of application, North America Internet of Medical Things (IoMT) market is segmented into on-body devices, healthcare providers, home-use medical devices, community, and others. The on-body devices are sub-segmented into consumer health wearables and clinical-grade wearables. The healthcare providers are sub-segmented into inventory management, personnel management, patient flow management, asset management, and environment monitoring. The home-use medical devices are sub-segmented into telehealth, remote patience monitoring, personal emergency response systems, and others. The community is sub-segmented into a kiosk, point-of-care devices, logistics, mobility services, and emergency response intelligence. In 2021, the on-body devices segment is expected to dominate the market with the surge in esthetic consciousness across the globe and advancements in the field of body contouring.
On the basis of end-user, North America Internet of Medical Things (IoMT) market is segmented into hospitals, clinics, research institutes & academics, homecare, and others. In 2021, the hospitals segment is expected to dominate the market owing to the increasing adoption of electronic health records (EHR) and remote patient monitoring systems.
On the basis of country, U.S. dominates the Internet of Medical Things (IoMT) market. This domination is due to the increased technological advancements and the foemation of new startup companies.
Major Players

Data Bridge Market Research recognizes the following companies as the market players in internet of medical things (IoMT) market: Siemens Healthcare GMBH (Germany), GE Digital (U.S.), Biotronik (Germany), Bioserenity (France), Medtronic (Ireland), Boston Scientific Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Honeywell International Inc. (U.S.), Philips (U.S.), AliveCor, Inc. (U.S.), VitalConnect (U.S.) and Meru Health (U.S.).

Browse a Detailed Summary of the Research Report @ https://www.databridgemarketresearch.com/reports/north-america-internet-of-medical-things-iomt-market

Explore DBMR Comprehensive Coverage on Healthcare Domain:

Internet of Medical Things (IoMT) Market https://www.databridgemarketresearch.com/reports/global-internet-of-medical-things-iomt-market

Europe Internet of Medical Things (IoMT) Market https://www.databridgemarketresearch.com/reports/europe-internet-of-medical-things-iomt-market

Asia-Pacific Internet of Medical Things (IoMT) Market https://www.databridgemarketresearch.com/reports/asia-pacific-internet-of-medical-things-iomt-market

Middle East and Africa Internet of Medical Things (IoMT) Market https://www.databridgemarketresearch.com/reports/middle-east-and-africa-internet-of-medical-things-iomt-market

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