The North America comprises of the U.S., Canada and other countries. Moreover, at present the U.S. is dominating the connected healthcare market, in this region as it has deployed the majority of the connected healthcare solutions and its applications. U.S accounted for the largest market share of North America connected healthcare market registering revenue of USD 3.37 billion in 2015 and expected to reach by USD 28.48 billion by 2022. Canada is the fastest growing region, and is expected to grow at the rate of 30.19% CAGR during forecasted period.
North America Connected Healthcare Market Share, By Country 2015 & 2022 (%)
Among all the regions in the world, the U.S. has been the first choice for the deployment of mobile health solutions due to established healthcare systems and technology advancement. The monitoring and diagnosis and treatment applications are dominating the connected healthcare solutions and application market. It has gained a significant position in the global connected healthcare market with the increase in large numbers of mobile apps usage those targets at wellness and fitness. Thus, these connected healthcare solutions help in cost reduction, saves time by reducing visits to physicians, and provides better healthcare systems. Furthermore, the inherent difference in various types of connected healthcare solutions has compelled the formation of a strong framework that provides standardized processes and approach for deploying various healthcare services and applications.
Since 2011, the U.S. has contributed the largest share in terms of total sales for the integrated medical & wearable devices. The key driver, enabling the increasing demand of wrist wear, is the provision of features like social motivation, goal reinforcement, and habit information. With a high average life expectancy, increased number of elderly people, and a larger proportion of patients requiring long term care, it is expected that non-invasive wearable products will witness wider acceptance in the coming years. To further assist in the development of such products, the American Telemedicine Association and the Continua Health Alliance are working together to resolve regulatory and equipment inter-operability issues. Intel Corporation completed the acquisition of BASIS Science, Inc. in March 2014 with the strategy to have a stronger hold over the market with BASIS’s fitness tracking smart watch. Also, the fitness tracking arm band manufacturer, BodyMedia, Inc. has been acquired by Jawbone, to develop technologically advanced wearable.
The North America Connected Healthcare market statistical report published by Market Research future contains a brief overview of Connected Healthcare market by countries. U.S has majorly dominated the connected healthcare market by country and is expected to grow continuously during the forecasted period of 2016-2022. The report analysis the North America connected healthcare market by country and presents systematic data of market share on the basis of segments and its growth rate for 2016 to 2022, along with forecast till 2022.
Market Research future through this report aims to provide understanding of the North America connected healthcare market on the basis of country, and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of North America connected healthcare market.
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