Global Connected Medical Devices Market Size, Share, Forecast Report, 2020-2027
The global Connected Medical Devices market is expected to show significant growth during the forecast period (2018–2023).
Connected medical devices use wired or wireless connectivity resources to collect and monitor patient data. it can reduce human error and provide uninterrupted and accurate data more frequently. The Increasing occurrence of chronic diseases and risk factors associated with it, need of cost-effective and reliable patient monitoring systems, increasing awareness, and increasing adoption of IT in healthcare to drive the growth of the market. Moreover, Advancement in technology, spending on research and development and fast approval from regulatory authorities to the connected medical devices are contributing to the growth of the market. For instance, in the year 2018 more than 30 new medical devices and technologies were approved by US FDA.
The high price of Connected Medical Devices products, security concerns, and risks associated with data privacy and low possibility of adoption of connected medical devices in underdeveloped countries products may hamper the growth of the market during the assessment period.
Segmentation
The global connected medical devices market has been segmented on the basis of product, device, application and end user.
On the basis of product, the market has been classified as ECG monitoring devices, insulin pump, bp monitor, portable GPS pers, glucose monitor, pulse oximeter, smart pill dispenser, heart rate monitor, and others. The device segment has been divided into wearables and non-wearables.
The application segment has been divided into remote monitoring, consultation and diagnosis services, treatment services, fitness, and wellness services.
The market, by end-user, has been segmented into hospitals, ambulatory surgical centers, specialty clinics, home care settings/monitoring and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The connected medical devices market in the Americas has further been segmented into North America and South America, with the North America market divided into the US and Canada.
The European connected medical devices market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Connected Medical Devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Connected Medical Devices market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key Players
Some of the key players in the global connected medical devices market are GE Healthcare, Inc., Medtronic Plc, OMRON Corporation, Philips Healthcare, McKesson Corporation, Fitbit, Inc., Johnson & Johnson, Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), AgaMatrix, Inc., Dexcom, F. Hoffmann-La Roche, Polar Electro, iHealth Labs (subsidiary of Andon Health) and Aerotel Medical Systems Ltd.
Global Connected Medical Devices Market, by Product
Global Connected Medical Devices Market, by Device
Global Connected Medical Devices Market, by Application
Global Connected Medical Devices Market, by End-User
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