info@marketresearchfuture.com   ๐Ÿ“ž  +1 (855) 661-4441(US)   ๐Ÿ“ž  +44 1720 412 167(UK)

Increasing Online Presence of Vendors to Drive the Global Connected Medical Devices Market During the Forecast Period

Pune, India, October, 2022 /press release/- Market Research Future Published a Half-Cooked Research Report on Connected Medical Devices ย Market Research Report.


Market Synopsis


The global connected medical devices market Size is to expected to reach USD 5600 Million at a 5.80 % CAGR during the forecast period (2022-2030). owing to the adoption of IT in the healthcare sector, asserts Market Research Future (MRFR). Connected medical devices use wireless or wired connectivity resources in order to collect and monitor patient data. Connected medical devices reduce human error by accurate and uninterrupted data. The market is considered as one of the most lucrative markets and is estimated to generate considerable revenue in the coming years.


Drivers and Constraints Impacting the Market


With the growing prevalence of chronic diseases such as cancer, diabetes, hypertension, and others along with the risk factors associated with it such as asthma, sleep apnea, obesity and others, the global market for connected medical devices is estimated to drive the global market. The increasing patient monitoring systems across the globe, growing adoption of IT in the healthcare sector, and rising awareness regarding connected medical devices are likely to people the market growth during the forecast period. Moreover, technological advancements, quick approval from regulatory authorities for connected medical devices, and research and development activities are anticipated to foster the market. Additionally, key vendors in the consumer wearables market like Fitbit are focusing on maintaining an online presence as it reduces the distribution, setup, and the operational costs. Owing to such advantages, vendors are rapidly penetrating the online platform which is further fostering the market growth.


On the flip side, security concerns, high price of such medical devices, low possibility of adoption in underdeveloped countries, and risk factors associated with data piracy are likely to inhibit the market growth in the coming years. For instance, the US FDA has identified around 300 IoT medical devices that are prone to cyber attack.


Global Connected Medical Devices Market: Segmental Analysis


The global connected medical devices market has been segmented on the basis of device, product, application, end-user, and region.


By mode of product, the global connected medical devices market has been segmented into smart pill dispenser, heart rate monitor, portable GPS pers, pulse oximeter, BP monitor, insulin pump, ECG monitoring devices, glucose monitor, and others. Among these, the device segment is further sub-segmented into wearables and non-wearables.


By mode of application, the global connected medical devices market has been segmented into consultation and diagnosis services, remote monitoring, fitness, treatment services, and wellness services.


By mode of end-users, the global connected medical devices market has been segmented into ambulatory surgical centers, specialty clinics, hospitals, home care settings/monitoring, and others.


Explore In-depth Details: Connected Medical Devices Market Research Report


Regional Insights


Geographically, the connected medical devices market span across regions namely, Europe, America, Asia Pacific, the Middle East and Africa.


Among all the regions, the American region is anticipated to dominate the global market due to the increasing prevalence of chronic diseases such as diabetes and hypertension, favorable policies from the regulatory authorities and the government, growing awareness regarding connected medical devices, and adoption of advanced technologies by key market players.


Europe is estimated to be the second-largest region due to government funding and support from the healthcare sector. Also, extensive research and development activities and increasing awareness regarding connected medical devices have propelled the market growth in this region.


Asia Pacific is considered to register a moderate growth rate during the assessment period due to increasing prevalence of chronic diseases, adoption of innovative medical technologies, and increasing investment in the healthcare sector in this region.


On the other hand, the Middle East and Africa are presumed to account for the least market share due to underdeveloped healthcare sector, poor medical facilities, and lack of technical knowledge.


Industry News


Sep 26, 2018: Zingbox, the provider of the most widely deployed healthcare Internet of Things analytics platform has recently announced new research demonstrating that hackers are leveraging error messages from connected medical devices. This incorporates X-ray, radiology, and other imaging systems in order to gain valuable insights. These insights are later used to refine the attacks, thus increasing the chance of successful hack.


Competitive Analysis


The major players operating the global market are Philips Healthcare, Johnson & Johnson, Aerotel Medical Systems Ltd., F. Hoffmann-La Roche, Boston Scientific Corporation, iHealth Labs (subsidiary of Andon Health), Medtronic Plc, AgaMatrix Inc., St. Jude Medical Inc. (Abbott), GE Healthcare Inc., Fitbit Inc., McKesson Corporation, Dexcom, OMRON Corporation, and Polar Electro.


ย 

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Base Year 2022
Companies Covered 15
Pages 110
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.