Canada Internet Of Medical Things (iomt) Market Size & Outlook
Canada internet of medical things (iomt) market, 2018-2030 (US$M)
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Canada internet of medical things (iomt) market highlights
- The Canada internet of medical things (iomt) market generated a revenue of USD 8.9 billion in 2023 and is expected to reach USD 34.3 billion by 2030.
- The Canada market is expected to grow at a CAGR of 21.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of medical things (iomt) market data book summary
| Market revenue in 2023 | USD 8.9 billion |
| Market revenue in 2030 | USD 34.3 billion |
| Growth rate | 21.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, Canada accounted for 4.9% of the global internet of medical things (iomt) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. internet of medical things (iomt) market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 34.3 billion by 2030.
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Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada internet of medical things (iomt) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to internet of medical things (iomt) market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 46.07% in 2023. Horizon Databook has segmented the Canada internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is anticipated to emerge as the fastest-growing Internet of Medical Things market in the North America region, The integration of AI with IoMT devices is a significant trend in Canada, enabling the development of more advanced and personalized healthcare solutions. AI algorithms are being used to analyze the large volumes of health data collected by IoMT devices, such as wearables, implantable sensors, and medical equipment.
Furthermore, the integration of AI and IoMT is also paving the way for more personalized medicine in Canada by identifying individual variations in disease susceptibility, drug response, and treatment outcomes. These factors are contributing to growth in the Canadian IoMT market.
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Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada internet of medical things (iomt) market, including forecasts for subscribers. This country databook contains high-level insights into Canada internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada internet of medical things iomt market report size, by component, 2018-2030 (US$M)
Canada Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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