Connected Medical Devices Market Research Report – Forecast to 2023

Global Connected Medical Devices Market: Information, by Product (ECG Monitoring Devices, BP Monitor, and Others), Device (Wearables and Non-Wearables), Application (Remote Monitoring and Others), End-User (Hospitals & Others) – Global Forecast Till 2023

ID: MRFR/MED/0205-HCR | February 2021 | Region: Global | 110 pages

Market Scenario
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.
Regional Market Summary
Global Connected Medical Devices Market Share, by Region, 2017 (%)

Source: MRFR Analysis
The Americas are likely to dominate the global connected medical devices market owing to the rising prevalence of chronic diseases, increasing awareness about the connected medical devices, favorable policies from government and regulatory authorities, adoption of highly advanced technology and aggressive strategies adopted by major players in the market. For instance, in Jan 2017 Abbott laboratories acquired medical devices giant St. Jude Medical, Inc. for 25 billion, this will help Abbott to cover the entire cardiovascular market, which is estimated to grow around USD 30 billion.
The European market is expected to be the second-largest connected medical devices market. The market growth in this region can be attributed to government funding and support of the healthcare sector coupled with increasing research and development. Moreover, the increase in awareness about the connected medical devices is contributing to the growth of the market in this region.
Asia-Pacific is expected to show moderate growth for connected medical devices market during the forecast period owing to the increasing prevalence of chronic diseases, rising investments in healthcare and increase in acceptance of new medical technologies in the region.
The market in the Middle East & Africa is expected to account for the smallest share of the global connected medical devices market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
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

ECG Monitoring Devices
Insulin Pump
BP Monitor
Portable GPS PERS
Glucose Monitor
Pulse Oximeter
Smart Pill Dispenser
Heart Rate Monitor
others

Global Connected Medical Devices Market, by Device

Wearables
Non-wearables

Global Connected Medical Devices Market, by Application

Remote Monitoring
Consultation and Diagnosis services
Treatment services
Fitness and Wellness services

Global Connected Medical Devices Market, by End-User

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Home Care Settings/Monitoring
Others

Global Connected Medical Devices Market, by Region

Americas
North America
US
Canada
South America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
The Middle East & Africa
Middle East
Africa

Intended Audience

Connected Medical Devices product manufacturers
Connected Medical Devices product distributors and suppliers
Healthcare providers
Medical device manufacturers
Research institutes and academic centers
Contract research organizations (CROs)
Government associations
Market research and consulting



Frequently Asked Questions (FAQ) :


Americas are predicted to have the highest share in the connected medical devices market.

Rising prevalence of chronic diseases, demand for reliable patient monitoring systems, and use of IT in healthcare are boosting market growth.

High price and security concerns may limit market growth.

It is widely used in fitness & wellness services, treatment services, consultation & diagnosis services, and remote monitoring.

Key competitors in the medical devices market include Aerotel Medical Systems Ltd, iHealth Labs (subsidiary of Andon Health), Polar Electro, F. Hoffmann-La Roche, Dexcom, St. Jude Medical, Inc. (Abbott), AgaMatrix, Inc., Boston Scientific Corporation, Johnson & Johnson, Fitbit, Inc., McKesson Corporation, Philips Healthcare, OMRON Corporation, Medtronic Plc, and GE Healthcare, Inc.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Connected medical devices Market, by Product

6.1 Introduction

6.2 ECG Monitoring Devices

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.3 Insulin Pump

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.4 BP Monitor

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.5 Portable GPS PERS

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023


6.6 Glucose Monitor

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.7 Pulse Oximeter

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.8 Smart Pill Dispenser

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.9 Heart Rate Monitor

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.10 others

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 7. Global Connected medical devices Market, by Device

7.1 Introduction

7.2 Wearable

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.3 Non-Wearable

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 8. Global Connected medical devices Market, by Application

8.1 Introduction

8.2 Remote Monitoring

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.3 Consultation and Diagnosis services

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.4 Treatment services

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.5 Fitness and Wellness services

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 9. Global Connected medical devices Market, by End User

9.1 Introduction

9.2 Hospitals

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.3 Ambulatory Surgical Centers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.4 Specialty Clinics

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.5 Home Care Settings/Monitoring

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.6 Others

Chapter 10. Global Connected medical devices Market, by Region

10.1 Introduction

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 South Korea

10.4.6 Rest of Asia-Pacific

10.5 Middle East & Africa

10.5.1 Middle East

10.5.2 Africa

Chapter 11. Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

Chapter 12. Company Profiles

12.1 GE Healthcare, Inc.

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials Overview

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Medtronic Plc

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 OMRON Corporation

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 Philips Healthcare

12.4.1 Company Overview

12.4.2 Technologys/Business Segment Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 McKesson Corporation

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.6 Fitbit, Inc.

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.7 Johnson & Johnson

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Boston Scientific Corporation

12.8.1 Overview

12.8.2 Product/ Technology Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 St. Jude Medical, Inc.(Abbott)

12.9.1 Overview

12.9.2 Product Overview

12.9.3 Financials

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.10 AgaMatrix, Inc.

12.10.1 Overview

12.10.2 Product Overview

12.10.3 Financials

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.11 Dexcom

12.11.1 Overview

12.11.2 Product Overview

12.11.3 Financials

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.12 F. Hoffmann-La Roche

12.12.1 Overview

12.12.2 Product Overview

12.12.3 Financials

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.13 Polar Electro

12.13.1 Overview

12.13.2 Product Overview

12.13.3 Financials

12.13.4 Key Developments

12.13.5 SWOT Analysis

12.14 IHealth Labs (subsidiary of Andon Health)

12.14.1 Overview

12.14.2 Product Overview

12.14.3 Financials

12.14.4 Key Developments

12.14.5 SWOT Analysis

12.15 Aerotel Medical Systems Ltd

12.15.1 Overview

12.15.2 Product Overview

12.15.3 Financials

12.15.4 Key Developments

12.15.5 SWOT Analysis

Chapter 13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s Viewpoint

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Predictions for the Connected Medical Devices Industry

Chapter 14. Appendix

LIST OF TABLES

Table 1 Global Connected medical devices Market Synopsis, 2018–2023

Table 2 Global Connected medical devices Market Estimates and Forecast, 2018–2023 (USD Million)

Table 3 Global Connected medical devices Market, by Region, 2018–2023 (USD Million)

Table 4 Global Connected medical devices Market, by Product, 2018–2023 (USD Million)

Table 5 Global Connected medical devices Market, by Device, 2018–2023 (USD Million)

Table 6 Global Connected medical devices Market, by Application, 2018–2023 (USD Million)

Table 7 Global Connected medical devices Market, by End user, 2018–2023 (USD Million)

Table 8 North America: Connected medical devices Market, by Product, 2018–2023 (USD

Million)

Table 9 North America: Connected medical devices Market, by Source, 2018–2023 (USD

Million)

Table 10 North America: Connected medical devices Market, by Application, 2018–2023 (USD

Million)

Table 11 North America: Connected medical devices Market, by End user, 2018–2023 (USD

Million)

Table 12 US: Connected medical devices Market, by Product, 2018–2023 (USD Million)

Table 13 US: Connected medical devices Market, by Source, 2018–2023 (USD Million)

Table 14 US: Connected medical devices Market, by Application, 2018–2023 (USD Million)

Table 15 US: Connected medical devices Market, by End user, 2018–2023 (USD Million)

Table 16 Canada: Connected medical devices Market,by Product, 2018–2023 (USD Million)

Table 17 Canada: Connected medical devices Market, by Source, 2018–2023 (USD Million)

Table 18 Canada: Connected medical devices Market, by Application, 2018–2023 (USD

Million)

Table 19 Canada: Connected medical devices Market, by End user, 2018–2023 (USD Million)

Table 20 South America: Connected medical devices Market, by Product, 2018–2023 (USD

Million)

Table 21 South America: Connected medical devices Market, by Source, 2018–2023 (USD

Million)

Table 22 South America: Connected medical devices Market, by Application, 2018–2023 (USD

Million)

Table 23 South America: Connected medical devices Market, by End User, 2018–2023 (USD

Million)

Table 24 Europe: Connected medical devices Market, by Product, 2018–2023 (USD Million)

Table 25 Europe: Connected medical devices Market, by Source, 2018–2023 (USD Million)

Table 26 Europe: Connected medical devices Market, by Application, 2018–2023 (USD Million)

Table 27 Europe: Connected medical devices Market, by End user, 2018–2023 (USD Million)

Table 28 Western Europe: Connected medical devices Market, by Product, 2018–2023 (USD

Million)

Table 29 Western Europe: Connected medical devices Market, by Source, 2018–2023 (USD Million)

Table 30 Western Europe: Connected medical devices Market, by Application, 2018–2023

(USD Million)

Table 31 Western Europe: Connected medical devices Market, by End user, 2018–2023

(USD Million)

Table 32 Eastern Europe: Connected medical devices Market, by Product, 2018–2023 (USD

Million)

Table 33 Eastern Europe: Connected medical devices Market, by Source, 2018–2023 (USD

Million)

Table 34 Eastern Europe: Connected medical devices Market, by Application, 2018–2023

(USD Million)

Table 35 Eastern Europe: Connected medical devices Market, by End user, 2018–2023

(USD Million)

Table 36 Asia-Pacific: Connected medical devices Market, by Product, 2018–2023 (USD

Million)

Table 37 Asia-Pacific: Connected medical devices Market, by Source, 2018–2023 (USD

Million)

Table 38 Asia-Pacific: Connected medical devices Market, by Application, 2018–2023 (USD

Million)

Table 39 Asia-Pacific: Connected medical devices Market, by End user, 2018–2023 (USD

Million)

Table 40 Middle East & Africa: Connected medical devices Market, by Product, 2018–2023

(USD Million)

Table 41 Middle East & Africa: Connected medical devices Market, by Source, 2018–2023

(USD Million)

Table 42 Middle East & Africa: Connected medical devices Market, by Application, 2018–2023

(USD Million)

Table 43 Middle East & Africa: Connected medical devices Market, by End user, 2018–2023

(USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Connected medical devices Market

Figure 3 Segmentation Market Dynamics for Global Connected medical devices Market

Figure 4 Global Connected medical devices Market Share, by Product, 2017

Figure 5 Global Connected medical devices Market Share, by Device, 2017

Figure 6 Global Connected medical devices Market Share, by Application, 2017

Figure 7 Global Connected medical devices Market Share, by End user, 2017

Figure 8 Global Connected medical devices Market Share, by Region, 2017

Figure 9 North America: Connected medical devices Market Share, by Country, 2017

Figure 10 Europe: Connected medical devices Market Share, by Country, 2017

Figure 11 Asia-Pacific: Connected medical devices Market Share, by Country, 2017

Figure 12 Middle East & Africa: Connected medical devices Market Share, by Country, 2017

Figure 13 Global Connected medical devices Market: Company Share Analysis, 2017 (%)

Figure 14 GE Healthcare, Inc.: Key Financials

Figure 15 GE Healthcare, Inc.: Segmental Revenue

Figure 16 GE Healthcare, Inc.: Geographical Revenue

Figure 17 Medtronic Plc: Key Financials

Figure 18 Medtronic Plc: Segmental Revenue

Figure 19 Medtronic Plc: Geographical Revenue

Figure 20 OMRON Corporation: Key Financials

Figure 21 OMRON Corporation: Segmental Revenue

Figure 22 OMRON Corporation: Geographical Revenue

Figure 23 Philips Healthcare: Key Financials

Figure 24 Philips Healthcare: Segmental Revenue

Figure 25 Philips Healthcare: Geographical Revenue

Figure 26 McKesson Corporation: Key Financials

Figure 27 McKesson Corporation: Segmental Revenue

Figure 28 McKesson Corporation: Geographical Revenue

Figure 29 Fitbit, Inc.: Key Financials

Figure 30 Fitbit, Inc.: Segmental Revenue

Figure 31 Fitbit, Inc.: Geographical Revenue

Figure 32 Johnson & Johnson: Key Financials

Figure 33 Johnson & Johnson: Segmental Revenue

Figure 34 Johnson & Johnson: Geographical Revenue

Figure 35 Boston Scientific Corporation: Key Financials

Figure 36 Boston Scientific Corporation: Segmental Revenue

Figure 37 Boston Scientific Corporation: Geographical Revenue

Figure 38 St. Jude Medical, Inc.(Abbott): Key Financials

Figure 39 St. Jude Medical, Inc.(Abbott): Segmental Revenue

Figure 40 St. Jude Medical, Inc.(Abbott): Geographical Revenue

Figure 41 AgaMatrix, Inc.: Key Financials

Figure 42 AgaMatrix, Inc.: Segmental Revenue

Figure 43 AgaMatrix, Inc.: Geographical Revenue

Figure 44 Dexcom: Key Financials

Figure 45 Dexcom: Segmental Revenue

Figure 46 Dexcom: Geographical Revenue

Figure 47 F. Hoffmann-La Roche: Key Financials

Figure 48 F. Hoffmann-La Roche: Segmental Revenue

Figure 49 F. Hoffmann-La Roche: Geographical Revenue

Figure 50 Polar Electro: Key Financials

Figure 51 Polar Electro: Segmental Revenue

Figure 52 Polar Electro: Geographical Revenue

Figure 53 IHealth Labs (subsidiary of Andon Health): Key Financials

Figure 54 IHealth Labs (subsidiary of Andon Health): Segmental Revenue

Figure 55 IHealth Labs (subsidiary of Andon Health): Geographical Revenue

Figure 56 Aerotel Medical Systems Ltd: Key Financials

Figure 57 Aerotel Medical Systems Ltd: Segmental Revenue

Figure 58 Aerotel Medical Systems Ltd: Geographical Revenue