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

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.

Free Valuable Insights: The HealthTech Market is Predict to reach USD 2556.39 Billion by 2032, at a CAGR of 12.6%

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

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

TABLE 1 North America HealthTech Market, 2021 - 2024, USD Million
TABLE 2 North America HealthTech Market, 2025 - 2032, USD Million
TABLE 3 North America HealthTech Market by End User, 2021 - 2024, USD Million
TABLE 4 North America HealthTech Market by End User, 2025 - 2032, USD Million
TABLE 5 North America Healthcare IT Institutions Market by Region, 2021 - 2024, USD Million
TABLE 6 North America Healthcare IT Institutions Market by Region, 2025 - 2032, USD Million
TABLE 7 North America Consumers Market by Region, 2021 - 2024, USD Million
TABLE 8 North America Consumers Market by Region, 2025 - 2032, USD Million
TABLE 9 North America HealthTech Market by Component, 2021 - 2024, USD Million
TABLE 10 North America HealthTech Market by Component, 2025 - 2032, USD Million
TABLE 11 North America Hardware Market by Country, 2021 - 2024, USD Million
TABLE 12 North America Hardware Market by Country, 2025 - 2032, USD Million
TABLE 13 North America Software Market by Country, 2021 - 2024, USD Million
TABLE 14 North America Software Market by Country, 2025 - 2032, USD Million
TABLE 15 North America Services Market by Country, 2021 - 2024, USD Million
TABLE 16 North America Services Market by Country, 2025 - 2032, USD Million
TABLE 17 North America HealthTech Market by Deployment, 2021 - 2024, USD Million
TABLE 18 North America HealthTech Market by Deployment, 2025 - 2032, USD Million
TABLE 19 North America Cloud Market by Country, 2021 - 2024, USD Million
TABLE 20 North America Cloud Market by Country, 2025 - 2032, USD Million
TABLE 21 North America On-Premise Market by Country, 2021 - 2024, USD Million
TABLE 22 North America On-Premise Market by Country, 2025 - 2032, USD Million
TABLE 23 North America HealthTech Market by Technology, 2021 - 2024, USD Million
TABLE 24 North America HealthTech Market by Technology, 2025 - 2032, USD Million
TABLE 25 North America Telemedicine Market by Country, 2021 - 2024, USD Million
TABLE 26 North America Telemedicine Market by Country, 2025 - 2032, USD Million
TABLE 27 North America Healthcare E-commerce Market by Country, 2021 - 2024, USD Million
TABLE 28 North America Healthcare E-commerce Market by Country, 2025 - 2032, USD Million
TABLE 29 North America mHealth Market by Country, 2021 - 2024, USD Million
TABLE 30 North America mHealth Market by Country, 2025 - 2032, USD Million
TABLE 31 North America Healthcare IT Market by Country, 2021 - 2024, USD Million
TABLE 32 North America Healthcare IT Market by Country, 2025 - 2032, USD Million
TABLE 33 North America Wearable Market by Country, 2021 - 2024, USD Million
TABLE 34 North America Wearable Market by Country, 2025 - 2032, USD Million
TABLE 35 North America Other Technology Market by Country, 2021 - 2024, USD Million
TABLE 36 North America Other Technology Market by Country, 2025 - 2032, USD Million
TABLE 37 North America HealthTech Market by Country, 2021 - 2024, USD Million
TABLE 38 North America HealthTech Market by Country, 2025 - 2032, USD Million
TABLE 39 US HealthTech Market, 2021 - 2024, USD Million
TABLE 40 US HealthTech Market, 2025 - 2032, USD Million
TABLE 41 US HealthTech Market by End User, 2021 - 2024, USD Million
TABLE 42 US HealthTech Market by End User, 2025 - 2032, USD Million
TABLE 43 US HealthTech Market by Component, 2021 - 2024, USD Million
TABLE 44 US HealthTech Market by Component, 2025 - 2032, USD Million
TABLE 45 US HealthTech Market by Deployment, 2021 - 2024, USD Million
TABLE 46 US HealthTech Market by Deployment, 2025 - 2032, USD Million
TABLE 47 US HealthTech Market by Technology, 2021 - 2024, USD Million
TABLE 48 US HealthTech Market by Technology, 2025 - 2032, USD Million
TABLE 49 Canada HealthTech Market, 2021 - 2024, USD Million
TABLE 50 Canada HealthTech Market, 2025 - 2032, USD Million
TABLE 51 Canada HealthTech Market by End User, 2021 - 2024, USD Million
TABLE 52 Canada HealthTech Market by End User, 2025 - 2032, USD Million
TABLE 53 Canada HealthTech Market by Component, 2021 - 2024, USD Million
TABLE 54 Canada HealthTech Market by Component, 2025 - 2032, USD Million
TABLE 55 Canada HealthTech Market by Deployment, 2021 - 2024, USD Million
TABLE 56 Canada HealthTech Market by Deployment, 2025 - 2032, USD Million
TABLE 57 Canada HealthTech Market by Technology, 2021 - 2024, USD Million
TABLE 58 Canada HealthTech Market by Technology, 2025 - 2032, USD Million
TABLE 59 Mexico HealthTech Market, 2021 - 2024, USD Million
TABLE 60 Mexico HealthTech Market, 2025 - 2032, USD Million
TABLE 61 Mexico HealthTech Market by End User, 2021 - 2024, USD Million
TABLE 62 Mexico HealthTech Market by End User, 2025 - 2032, USD Million
TABLE 63 Mexico HealthTech Market by Component, 2021 - 2024, USD Million
TABLE 64 Mexico HealthTech Market by Component, 2025 - 2032, USD Million
TABLE 65 Mexico HealthTech Market by Deployment, 2021 - 2024, USD Million
TABLE 66 Mexico HealthTech Market by Deployment, 2025 - 2032, USD Million
TABLE 67 Mexico HealthTech Market by Technology, 2021 - 2024, USD Million
TABLE 68 Mexico HealthTech Market by Technology, 2025 - 2032, USD Million
TABLE 69 Rest of North America HealthTech Market, 2021 - 2024, USD Million
TABLE 70 Rest of North America HealthTech Market, 2025 - 2032, USD Million
TABLE 71 Rest of North America HealthTech Market by End User, 2021 - 2024, USD Million
TABLE 72 Rest of North America HealthTech Market by End User, 2025 - 2032, USD Million
TABLE 73 Rest of North America HealthTech Market by Component, 2021 - 2024, USD Million
TABLE 74 Rest of North America HealthTech Market by Component, 2025 - 2032, USD Million
TABLE 75 Rest of North America HealthTech Market by Deployment, 2021 - 2024, USD Million
TABLE 76 Rest of North America HealthTech Market by Deployment, 2025 - 2032, USD Million
TABLE 77 Rest of North America HealthTech Market by Technology, 2021 - 2024, USD Million
TABLE 78 Rest of North America HealthTech Market by Technology, 2025 - 2032, USD Million
TABLE 79 Key Information – Koninklijke Philips N.V.
TABLE 80 Key Information – Epic Systems Corporation
TABLE 81 Key Information – Omron Corporation
TABLE 82 Key Information – Medtronic PLC
TABLE 83 key Information – Stratasys, Ltd.
TABLE 84 Key Information – Materialise NV
TABLE 85 Key Information – Stryker Corporation
TABLE 86 Key Information – ZS Associates
TABLE 87 Key Information – Siemens Healthineers AG
TABLE 88 Key Information –Intuitive Surgical, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America HealthTech Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting HealthTech Market
FIG 4 Market Share Analysis, 2024
FIG 5 Porter’s Five Forces Analysis – HealthTech Market
FIG 6 North America HealthTech Market share by End User, 2024
FIG 7 North America HealthTech Market share by End User, 2032
FIG 8 North America HealthTech Market by End User, 2021 - 2032, USD Million
FIG 9 North America HealthTech Market share by Component, 2024
FIG 10 North America HealthTech Market share by Component, 2032
FIG 11 North America HealthTech Market by Component, 2021 - 2032, USD Million
FIG 12 North America HealthTech Market share by Deployment, 2024
FIG 13 North America HealthTech Market share by Deployment, 2032
FIG 14 North America HealthTech Market by Deployment, 2021 - 2032, USD Million
FIG 15 North America HealthTech Market share by Technology, 2024
FIG 16 North America HealthTech Market share by Technology, 2032
FIG 17 North America HealthTech Market by Technology, 2021 - 2032, USD Million
FIG 18 North America HealthTech Market share by Country, 2024
FIG 19 North America HealthTech Market share by Country, 2032
FIG 20 North America HealthTech Market by Country, 2021 - 2032, USD Million
FIG 21 Recent strategies and developments: Koninklijke Philips N.V.
FIG 22 SWOT Analysis: Koninklijke Philips N.V.
FIG 23 SWOT Analysis: Epic Systems Corporation
FIG 24 SWOT Analysis: Omron Corporation
FIG 25 SWOT Analysis: Medtronic PLC
FIG 26 SWOT Analysis: Stratasys, Ltd.
FIG 27 SWOT Analysis: Stryker Corporation
FIG 28 SWOT Analysis: Siemens Healthineers AG
FIG 29 Swot Analysis: Intuitive Surgical, Inc.