Market Survey: Connected Medical Device Market Report- Growth, Trends, Analysis and Forecast (2019-2024)

Connected Medical Device

Connected Medical Device Market Report (2019-2024) Provides key statistics on Market overview, Major Key-players of Connected Medical Device Industry, Scope of the report, Key trends in market as well as Regional analysis. We also accept customization requests as per the clients requirements.

Market Overview of Connected Medical Device:

The connected medical devices market was valued at USD 18.90 billion in 2018, and it is expected to reach USD 63 billion by 2024, at a Cagr of 22.26% over the forecast period (2019-2024). The healthcare industry has witnessed significant transformation over the last few years, aided by the emergence of new technological advancements, such as IoT and Big Data analytics.Internet-connected devices, ranging from hospital imaging equipment to implantable pacemakers and infusion pumps, help healthcare providers and patients in a variety of tasks, such as monitoring vitals, improving diagnostics, regulating dosages, and more. According to Synopsys, a computer integrated systems design company, US hospitals have an average of 10-15 connected medical devices per bed.A critical factor for companies looking to bring connected devices to the market is the wireless device certification process. In North America, this is separate from the FDA testing, and is required for all wireless devices.Increasing expenditure on treating chronic diseases and the need to monitor and curb them have led to significant innovations in the connected devices market, which have enabled individuals to track and keep a check on these chronic diseases.

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Report Includes Major Key-Players of Connected Medical Device Market:

  • Medtronic PLC
  • Koninklijke Philips NV
  • Boston Scientific Corporation
  • Abbott Laboratories
  • GE Healthcare
  • Garmin Ltd.
  • Qualcomm Incorporation
  • Honeywell International Inc.
  • Stanley Black & Decker
  • Inc.
  • NXP Semiconductors NV

    The Scope of Connected Medical Device Market:

    The Internet of Medical Things (IoMT) allows medical devices to be connected to the cloud and to applications. Connected medical devices can also provide portable diagnostic devices that can be used for in-home collection and diagnosis. Connectivity can directly benefit both patients and healthcare service companies.

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    • Current and future of Global Smart Cities Market outlook in the developed and emerging markets
      • Analysing various perspectives of the market with the help of Porter’s five forces analysis
      • Report customization as per the clients requirements
      • Regions that are expected to witness fastest growth during the forecast period
      • Identifying the latest developments, market shares and strategies employed by the major market players
      • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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