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North America HealthTech Market Size, Share & Trends Analysis Report By End User (Healthcare IT Institutions, and Consumers), By Component, By Deployment, By Technology, By Country and Growth Forecast, 2025 - 2032

Publisher Knowledge Based Value (KBV) Research
Published Apr 18, 2025
Length 131 Pages
SKU # KBV20010379

Description

The North America HealthTech Market would witness market growth of 12.1% CAGR during the forecast period (2025-2032).

The US market dominated the North America HealthTech Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $703,619.3 million by 2032. The Canada market is experiencing a CAGR of 14.7% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 13.5% during (2025 - 2032).

The healthcare industry, once reliant on paper-based systems and in-person consultations, is undergoing a profound digital transformation. At the heart of this change lies HealthTech—an umbrella term encompassing a vast array of technologies designed to improve the delivery, efficiency, and accessibility of healthcare services.

Fuelled by the growing need for personalized medicine, an aging global population, and the rising prevalence of chronic conditions, HealthTech is enabling more connected, data-driven, and proactive care. The pandemic served as a pivotal inflection point, exposing the weaknesses of traditional systems and accelerating the adoption of digital health tools across regions and demographics.

The market across North America is experiencing transformative growth, driven by rising healthcare expenditures, demographic shifts, and increasing digital adoption. The United States, with its unparalleled healthcare expenditure—reaching approximately $4.5 trillion in 2022 or 17.3% of its GDP—is a major catalyst for the expansion of this industry. One of the significant outcomes of this spending surge is the heightened demand for medical coding and health information management technologies.In Canada, rising healthcare costs—totalling $264 billion in 2019—are complemented by a notable increase in consumer spending on personal care products and services, which rose by 12.3% in 2022. Mexico is witnessing a demographic transition, with nearly 13 million individuals aged 60 and above. This aging population intensifies the demand for advanced healthcare services, particularly in diagnostic imaging and chronic disease management. As a result, healthcare providers in Mexico are expected to increase investments in these solutions such as digital radiology systems, AI-enhanced imaging software, and portable diagnostic devices. Thus, market in North America is evolving due to rising healthcare costs and data needs in the U.S., growing wellness awareness in Canada, and an aging population in Mexico—together driving a regional digital healthcare transformation.

Based on End User, the market is segmented into Healthcare IT Institutions, and Consumers. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Deployment, the market is segmented into Cloud, and On-Premise. Based on Technology, the market is segmented into Telemedicine, Healthcare E-commerce, mHealth, Healthcare IT, Wearable, and Other Technology. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Koninklijke Philips N.V.
  • Epic Systems Corporation
  • Omron Corporation
  • Medtronic PLC
  • Stratasys, Ltd.
  • Materialise NV
  • Stryker Corporation
  • ZS Associates
  • Siemens Healthineers AG (Siemens AG)
  • Intuitive Surgical, Inc.
North America HealthTech Market Report Segmentation

By End User
  • Healthcare IT Institutions
  • Consumers
By Component
  • Hardware
  • Software
  • Services
By Deployment
  • Cloud
  • On-Premise
By Technology
  • Telemedicine
  • Healthcare E-commerce
  • mHealth
  • Healthcare IT
  • Wearable
  • Other Technology
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

131 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America HealthTech Market, by End User
1.4.2 North America HealthTech Market, by Component
1.4.3 North America HealthTech Market, by Deployment
1.4.4 North America HealthTech Market, by Technology
1.4.5 North America HealthTech Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2024
4.2 Strategies Deployed in HealthTech Market
4.3 Porter Five Forces Analysis
Chapter 5. North America HealthTech Market by End User
5.1 North America Healthcare IT Institutions Market by Region
5.2 North America Consumers Market by Region
Chapter 6. North America HealthTech Market by Component
6.1 North America Hardware Market by Country
6.2 North America Software Market by Country
6.3 North America Services Market by Country
Chapter 7. North America HealthTech Market by Deployment
7.1 North America Cloud Market by Country
7.2 North America On-Premise Market by Country
Chapter 8. North America HealthTech Market by Technology
8.1 North America Telemedicine Market by Country
8.2 North America Healthcare E-commerce Market by Country
8.3 North America mHealth Market by Country
8.4 North America Healthcare IT Market by Country
8.5 North America Wearable Market by Country
8.6 North America Other Technology Market by Country
Chapter 9. North America HealthTech Market by Country
9.1 US HealthTech Market
9.1.1 US HealthTech Market by End User
9.1.2 US HealthTech Market by Component
9.1.3 US HealthTech Market by Deployment
9.1.4 US HealthTech Market by Technology
9.2 Canada HealthTech Market
9.2.1 Canada HealthTech Market by End User
9.2.2 Canada HealthTech Market by Component
9.2.3 Canada HealthTech Market by Deployment
9.2.4 Canada HealthTech Market by Technology
9.3 Mexico HealthTech Market
9.3.1 Mexico HealthTech Market by End User
9.3.2 Mexico HealthTech Market by Component
9.3.3 Mexico HealthTech Market by Deployment
9.3.4 Mexico HealthTech Market by Technology
9.4 Rest of North America HealthTech Market
9.4.1 Rest of North America HealthTech Market by End User
9.4.2 Rest of North America HealthTech Market by Component
9.4.3 Rest of North America HealthTech Market by Deployment
9.4.4 Rest of North America HealthTech Market by Technology
Chapter 10. Company Profiles
10.1 Koninklijke Philips N.V.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Epic Systems Corporation
10.2.1 Company Overview
10.2.2 SWOT Analysis
10.3 Omron Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Medtronic PLC
10.4.1 Company overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 SWOT Analysis
10.5 Stratasys, Ltd.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Materialise NV
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.7 Stryker Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 SWOT Analysis
10.8 ZS Associates
10.8.1 Company Overview
10.9 Siemens Healthineers AG (Siemens AG)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. Intuitive Surgical, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expense
10.10.5 SWOT Analysis

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