North America Connected Healthcare Device Market

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

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


Discover the latest insights into the booming North America Connected Healthcare Device Market. This report analyzes market size, growth trends (CAGR ), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for -.

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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

Tables & Figures:
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Research Methodology:
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.
North America Connected Healthcare Device Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the North America Connected Healthcare Device Market shifting its focus from growth to value?
Recognize the areas along the North America Connected Healthcare Device Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What years are taken into account in the North America Connected Healthcare Device Market study?
The North America Connected Healthcare Device Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
What is North America Connected Healthcare Device Market Concentration Rate?
In addition to the North America Connected Healthcare Device Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the North America Connected Healthcare Device Market.
What are the primary data sources used to evaluate the North America Connected Healthcare Device Market sizing?
The majority of data for the North America Connected Healthcare Device Industry is gathered through primary sources, which include interviews and surveys with industry experts from the core and related industries involved in the supply chain. Secondary sources, such as SEC filings, annual reports, whitepapers, and press releases, are also used.