Connected Medical Devices Market Size, Share, Market Trends, Business Revenue, Forecast Statistics and Growth Prospective 2027

Market Overview

Connected medical devices are connected to digital platforms like computers, smartphones, and others. This convenient method has aided healthcare professionals in recording a huge amount of patients’ data along with monitoring the consultation.

The demand for connected medical devices has risen in the healthcare sector across the world. The need for telehealth, teleconsultation, self-assessment, and telemedicine, amongst others, are contributing to the growth of the Connected Medical Devices Market.

The adoption of digital technologies in the medical sector has propelled the usage of connected medical devices. The availability of feasible networks and web-connected devices is letting the medical industry incline toward the digital world. These devices can make assessments easy and help the healthcare industry to provide consultation and medication in remote locations. The advanced world is more into the convenient digital technologies, and the rising internet penetration is boosting the market’s growth.

The Connected Medical Devices Market has received good opportunities during the pandemic period. Through these devices, the doctors were able to meet the health requirements of remote patients. Moreover, the technological developments, the investment in research activities, and the approval of connected devices in the healthcare sector are propelling the market’s demand at the global level. Industrial player developments like product enhancement and new launches are aiding the market.

The Connected Medical Devices Market will reach a healthy CAGR and a significant value in the forecast period.

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The key players of the global connected medical devices market:

• Capsule Technologies, Inc. (US)
• Cerner Corporation (US)
• Infosys Limited (India)
• iHealth Labs (US)
• Medtronic plc (Ireland)
• Lantronix Inc. (US).
• GE Healthcare (US)
• Koninklijke Philips N.V. (Netherlands)
• Digi International Inc. (US)
• Masimo Corporation (US)
• Hill-Rom Technologies Inc. (US)
• True Process (US)
• Cisco Systems, Inc. (US)

Market Segments

The Connected Medical Devices Market is fragmented into the item, use, and end-users. 

The item segment of the market is classified into brilliant pill allocator, beat oximeter, BP screen, insulin siphon, pulse screen, compact GPS pers, ECG checking gadgets, glucose screen, and others. Among these segments, the gadget is sub-divided into wearables and non-wearables. 

The use segment of the market is categorized into wellness, treatment administrations, meeting and determination administrations, remote observing, and wellbeing administrations. 

The end-user section of the market is bifurcated into wandering, carefully focused emergency clinics, home consideration settings, claim-to-fame facilities, observing, and others.

Regional Analysis

According to the regional status, the Connected Medical Devices Market is distributed into major regions such as the North American region, Europe, Asia Pacific, and the rest of the world.

The North American region will cover the maximum share of the market due to the rise in concern for persistent infections, developments in clinical gadgets, initiatives taken by the government and administrative specialists, and the adoption of advanced technologies in the healthcare sector. These factors are driving the regional market of North America.

The European market will acquire the second position in the market. The development in the healthcare sector and digitization are driving this region’s regional market. The government funding and development in medical with expanding innovation will accelerate the market. 

The others will show remarkable performance in the forecast period, which propels the global market value.

Industry News

In May 2022, Qualitest, the world’s greatest AI-powered quality engineering company, announced that it won the Best IoT Healthcare Wearable Device award in the 2022 MedTech Breakthrough Awards. The MedTech Breakthrough Awards notices the top health, fitness, and medical technology market companies. 

In March 2020, Masimo Corporation (US) partnered with Imprivata (US) to coordinate with Imprivata’s clinical gadget access innovation into Masimo’s root patient checking and Iris Gateway.

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