Canada Internet Of Things In Healthcare Market Size & Outlook

The internet of things in healthcare market in Canada is expected to reach a projected revenue of US$ 8,618.7 million by 2030. A compound annual growth rate of 21.3% is expected of Canada internet of things in healthcare market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,227.1
Forecast, 2030 (US$M)
$8,618.7
CAGR, 2024 - 2030
21.3%
Report Coverage
Canada

Canada internet of things in healthcare market, 2018-2030 (US$M)

Canada

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Canada internet of things in healthcare market highlights

  • The Canada internet of things in healthcare market generated a revenue of USD 2,227.1 million in 2023 and is expected to reach USD 8,618.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 21.3% from 2024 to 2030.
  • In terms of segment, services was the largest revenue generating component in 2023.
  • Software and Systems is the most lucrative component segment registering the fastest growth during the forecast period.

Internet of things in healthcare market data book summary

Market revenue in 2023USD 2,227.1 million
Market revenue in 2030USD 8,618.7 million
Growth rate21.3% (CAGR from 2023 to 2030)
Largest segmentServices
Fastest growing segmentSoftware and Systems
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMedical Devices, Software and Systems, Services
Key market players worldwideMedtronic PLC, Cisco Systems Inc, International Business Machines Corp, GE HealthCare Technologies Inc Common Stock, Microsoft Corp, SAP SE, Infosys Ltd ADR, Cerner Corporation, Qualcomm Inc, Amazon.com Inc, Intel Corp, Wipro Ltd ADR

Other key industry trends

  • In terms of revenue, Canada accounted for 5.0% of the global internet of things in healthcare 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 things in healthcare 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 8,618.7 million by 2030.

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Internet Of Things In Healthcare Market Companies

Name Profile # Employees HQ Website

Canada internet of things in healthcare 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 things in healthcare market will help companies and investors design strategic landscapes.


Services was the largest segment with a revenue share of 37.58% in 2023. Horizon Databook has segmented the Canada internet of things in healthcare market based on medical devices, software and systems, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Canada Internet Of Things In Healthcare Component Outlook (Revenue, USD Million, 2018-2030)
    • Medical Devices
      • Wearable External Device
      • Implanted Medical Devices
      • Stationary Medical Devices
    • Software and Systems
      • Remote device management
      • Network Bandwidth Management
      • Data analytics
      • Application security
      • Network Security
    • Services
      • System Integration
      • Consulting, Training and education
      • Support and maintenance
  • Canada Internet Of Things In Healthcare Connectivity Technology Outlook (Revenue, USD Million, 2018-2030)
    • Wi-Fi
    • Bluetooth Low Energy
    • ZigBee
    • RFID
    • Cellular
    • LPWAN
  • Canada Internet Of Things In Healthcare End Use Outlook (Revenue, USD Million, 2018-2030)
    • Clinical Research Organization(CRO)
    • Hospitals and clinics
    • Research and Diagnostic Laboratories
    • Others
  • Canada Internet Of Things In Healthcare Application Outlook (Revenue, USD Million, 2018-2030)
    • Telemedicine
    • Medication Management
    • Clinical Operations
    • Patient Monitoring
    • Connected Imaging
    • Others

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Horizon Databook provides a detailed overview of country-level data and insights on the Canada internet of things in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Canada internet of things in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada internet of things in healthcare market size, by component, 2018-2030 (US$M)

Canada Internet Of Things In Healthcare Market Outlook Share, 2023 & 2030 (US$M)

Canada internet of things in healthcare market size, by component, 2018-2030 (US$M)

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