IoT Medical Devices Market Will Register at a CAGR of 28.9% by 2026| Key Players Medtronic, GE Healthcare, Koninklijke Philips N.V., Siemens AG

IoT Medical Devices Market report consists of market analysis by regions, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing on top manufacturers in the global market, with production, price, revenue, and market share for each manufacturer. The report also includes the market drivers and market restraints that are derived from SWOT analysis. This market research report offers an in-depth overview of product specification, technology, product type, and production analysis considering major factors such as revenue, cost, gross and gross margin. A world-class IoT Medical Devices Market report showcases all the recent developments, product launches, joint ventures, mergers, and acquisitions by the several key players and brands that are driving the market.

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IoT Medical Devices Market survey offers key information about the industry, helpful and important facts and figures, expert opinions, and the latest developments across the world. The report includes data on patterns and improvements, target business sectors and materials, limits, and advancements. This market report is a valuable document for every market enthusiast, policymaker, investor, and market player. This report encompasses a chapter on the global IoT Medical Devices Market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

Leading Players:

Medtronic (US), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Honeywell Life Care Solutions (US), are the leading players in the market. Other players include Boston Scientific Corporation (US), Johnson & Johnson Services, Inc. (US), Siemens AG (Germany), Omron Healthcare, Inc. (Japan), BioTelemetry, Inc. (US), AliveCor, Inc. (US), iHealth Lab, Inc. (US), AgaMatrix (US), Abbott Laboratories (US), Stanley Healthcare (US), and Hillrom-Welch Allyn (US).

The global IoT medical devices market is projected to reach USD 94.2 billion by 2026 from USD 26.5 billion in 2021, at a CAGR of 28.9% during the forecast period.

The growth of this market is majorly attributed to the need for cost-containment in healthcare delivery, rising focus on active patient engagement & patient-centric care delivery and the increasing government initiatives to promote digital health. However, the deployment of connected medical devices and the associated infrastructure requires significant investments, owing to which the adoption of IoT is low among small healthcare organizations. This, along with a dearth of skilled personnel, is expected to challenge market growth in the coming years.

“The vital signs monitors segment will grow at the highest rate during the forecast period.”

Based on product, the IoT medical devices market has been segmented intovital signs monitors, imaging systems, implantable cardiac devices, patient monitors, respiratory devices, infusion pumps, neurological devices, anesthesia machines, ventilators, and hearing devices. The vital signs monitoring devices segment accounted for the largest share in the IoT medical devices market. The factors attributing to the largest revenue are increasing prevalence of hypertension, the growing obese population, and the increasing preference for self-health management.

“Byconnectivity technology, the Wi-fi based medical devices segment accounted for the largest share of the IoT medical devices market in 2020.”

Based on connectivity technology, the global IoT medical devices market is segmented into Bluetooth, Wifi, and Zigbee based medical devices. Wi-Fi based medical devices accounted for the largest share in the IoT medical devices market. The large share of this segment can be attributed to the advantages of Wi-Fi connectivity, such as its long range (~120 feet indoors and ~300 feet outdoors). Bluetooth is expected to show the highest growth during the forecast period.

“By end-user, the hospitals and clinics segment will grow at the highest rate during the forecast period.”

Based on end user, the IoT medical devices market is segmented into hospitals and clinics, nursing homes, assisted living facilities, long term care centers and home care settings. The hospitals & clinics accounted for the largest share in the IoT medical devices market. The large share of this segment can be attributed to the growing need to manage an increasing volume of patient data and the increasing demand for data accessibility and interoperability in hospitals and clinics.

“The market in Asia Pacific is projected to witness the highest growth rate during the forecast period (2020–2026).”

North America accounted for the largest share of the IoT medical devices market in 2020. The large shareof North America can be attributed to the high penetration of smartphones, tablets, and other mobile platforms; increasing utilization of connected devices to manage chronic diseases; the development and adoption of EHRs in healthcare organizations; rising government initiatives for digitizing healthcare; and the presence of major companies in these regions.The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. The high growth in this regional market can be attributed to the due to government initiatives to promote eHealth, rising medical tourism, growing awareness, and the growing demand for quality healthcare.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type (Supply-side): Tier 1: 45%, Tier 2: 30.5%, and Tier 3: 24.5%
By Designation: C-level: 45.5%, Director-level: 32%, and Others: 22.5%
By Region: North America: 43.7%, Asia-Pacific: 26.7%, Europe: 24.8%,Middle East & Africa: 2.9% and Latin America: 1.9%

Research Coverage:

The report analyzes the IoT medical devices market and aims at estimating the market size and future growth potential of this market based on various segments such as product, application, end user, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, products offered, recent developments, and key market strategies.

Reasons to Buy the Report

The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help themgarner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the IoT medical devices market. The report analyzes the market based on the product, type, connectivity technology, end user, and region.

Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the IoT medical devices market.

Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various types of IoT medical devices across regions.

Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the IoT medical devices market.

Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the IoT medical devices market.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Years Considered For The Study
1.4 Currency
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Design
2.1.1 Research Data
Figure 1 Research Design
2.1.2 Secondary Sources
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Sources
Figure 2 Primary Sources
2.1.3.1 Key Data From Primary Sources
2.1.3.2 Key Industry Insights
Figure 3 Breakdown Of Primary Interviews (Supply Side): By Company Type, Designation, And Region
Figure 4 Breakdown Of Primary Interviews (Demand Side): By End User, Type, And Region
2.2 Market Size Estimation
Figure 5 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis For Iot Medical Devices Market
Figure 7 Cagr Projections: Supply-Side Analysis
Figure 8 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges
Figure 9 Bottom-Up Approach
Figure 10 Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 11 Data Triangulation Methodology
2.4 Limitations
2.5 Market Share Analysis
2.6 Assumptions For The Study
2.7 Risk Assessment/Limitations
2.8 Covid-19 Health Assessment
2.9 Covid-19 Economic Assessment
2.10 Assessment Of The Impact Of Covid-19 On The Economic Scenario

3 Executive Summary
Figure 13 Iot Medical Devices Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 14 Vital Signs Monitoring Devices Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 15 Implantable Cardiac Devices Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 16 Iot Medical Devices Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 17 Iot Medical Devices Market, By Connectivity Technology, 2021 Vs. 2026 (Usd Million)
Figure 18 Iot Medical Devices Market, By End User, 2021 Vs. 2026 (Usd Million)
Figure 19 Geographic Snapshot Of The Iot Medical Devices Market

4 Premium Insights
4.1 Iot Medical Devices Market Overview
Figure 20 Covid-19 Outbreak And Increasing Government Initiatives For Promoting Digital Health Are Driving Market Growth
4.2 Iot Medical Devices Market: Geographic Growth Opportunities
Figure 21 China Is Expected To Grow At The Highest Cagr During The Forecast Period
4.3 Regional Mix: Iot Medical Devices Market (2019–2026)
Figure 22 Asia Pacific To Register The Highest Growth Rate During The Forecast Period (2021–2026)
4.4 Iot Medical Devices Market: Developed Vs. Developing Markets, 2021 Vs. 2026 (Usd Million)
Figure 23 Developing Markets To Register Higher Growth During The Study Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
Table 1 Impact Analysis: Drivers
5.2.1.1 Government Initiatives For Promoting Digital Health
5.2.1.2 Growing Need For Cost-Containment In Healthcare Delivery
Figure 24 Healthcare Spending, By Country, 2019 (% Of Gdp)
5.2.1.3 Rising Focus On Active Patient Engagement And Patient-Centric Care Delivery
5.2.1.4 Evolution Of High-Speed Networking Technologies And Increasing Penetration Of Mobile Platforms In Healthcare
Figure 25 Number Of Smartphone Users, By Country, 2021
5.2.1.5 Growing Focus On Patient Safety
5.2.2 Restraints
Table 2 Impact Analysis: Restraints
5.2.2.1 High Deployment Cost Of Connected Medical Devices And The Associated Infrastructure
5.2.2.2 Insufficient Iot Technology Skills Across Healthcare Organizations
5.2.3 Opportunities
Table 3 Impact Analysis: Opportunities
5.2.3.1 Low Doctor-To-Patient Ratio Leading To Increased Dependency On Self-Operated Ehealth Platforms
5.2.4 Challenges
Table 4 Impact Analysis: Challenges
5.2.4.1 Data Security Issues
5.2.4.2 Data Management And Interoperability Concerns
5.3 Pricing Analysis
Table 5 Average System Cost
5.4 Patent Analysis
5.4.1 Patent Publication Trends
Figure 26 Patent Publication Trends: 2011 To 2021
5.4.2 Jurisdiction Analysis: Top Applicants (Countries) For Iot Medical Device Patents
Table 6 Jurisdiction Analysis: Top Applicant Countries For Iot Medical Devices Patents
Figure 27 Jurisdiction Analysis For Top Applicants
5.5 Porter’s Five Forces Analysis
Table 7 Iot Medical Devices Market: Porter’s Five Forces Analysis
5.5.1 Threat From New Entrants
5.5.2 Threat From Substitutes
5.5.3 Bargaining Power Of Suppliers
5.5.4 Bargaining Power Of Buyers
5.5.5 Intensity Of Competitive Rivalry
5.6 Value Chain Analysis
Figure 28 Iot Medical Devices Market: Value Chain Analysis
5.7 Ecosystem Map
Figure 29 Iot Medical Devices Market: Ecosystem Mapping (2020)
Figure 30 Iot Medical Devices Market: Supply Chain (2020)

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Increasing Number Of Product Launches
Table 8 Recently Launched Iot Medical Devices
6.2.2 Growing Integration Of Cloud Platforms And Saas In The Healthcare Ecosystem
6.2.3 Increasing Number Of Collaborations To Drive Innovation
6.3 Regulatory Analysis
6.3.1 North America
6.3.1.1 Us
Table 9 Tests And Certification Requirements For Wirelessly Connected Medical Devices
Table 10 Regulations & Standards Governing Connected Medical Devices
6.3.1.2 Canada
6.3.2 Europe
6.3.3 Asia Pacific
6.3.3.1 Japan
6.3.3.2 China
6.3.3.3 India
6.4 Technology Analysis

7 Iot Medical Devices Market, By Product
7.1 Introduction
Table 11 Iot Medical Devices Market, By Product, 2019–2026 (Usd Million)
7.2 Vital Signs Monitoring Devices
Table 12 Vital Signs Monitoring Devices Market, By Type, 2019–2026 (Usd Million)
Table 13 Vital Signs Monitoring Devices Market, By Country, 2019–2026 (Usd Million)
7.2.1 Blood Glucose Monitors
7.2.1.1 The Shift Toward Cgm Supports The Demand For Blood Glucose Monitoring
Table 14 Blood Glucose Monitors Offered By Key Market Players
Table 15 Blood Glucose Monitors Market, By Country, 2019–2026 (Usd Million)
7.2.2 Ecg/Heart Rate Monitors
7.2.2.1 Rising Cvd Prevalence And Focus On Cost-Containment Drive Market Growth
Table 16 Ecg/Heart Rate Monitors Offered By Key Market Players
Table 17 Ecg/Heart Rate Monitors Market, By Country, 2019–2026 (Usd Million)
7.2.3 Blood Pressure Monitors
7.2.3.1 Growing Prevalence Of Hypertension And Obesity Support Market Growth
Table 18 Blood Pressure Monitors Offered By Key Market Players
Table 19 Blood Pressure Monitors Market, By Country, 2019–2026 (Usd Million)
7.2.4 Multiparameter Monitors
7.2.4.1 Growing Awareness And Push Toward Home Care Contribute To Market Growth
Table 20 Multiparameter Monitors Offered By Key Market Players
Table 21 Multiparameter Monitors Market, By Country, 2019–2026 (Usd Million)
7.2.5 Oximeters
7.2.5.1 Rising Adoption Is Attributed To The Availability Of Low-Cost Devices And Focus On Self-Monitoring
Table 22 Oximeters Offered By Key Market Players
Table 23 Oximeters Market, By Country, 2019–2026 (Usd Million)
7.3 Imaging Systems
7.3.1 Need To Collate And Efficiently Transmit Data For Remote Viewing Supports Market Growth
Table 24 Major Imaging Systems Available In The Market
Table 25 Imaging Systems Market, By Country, 2019–2026 (Usd Million)
7.4 Implantable Cardiac Devices
Table 26 Implantable Cardiac Devices Market, By Type, 2019–2026 (Usd Million)
Table 27 Implantable Cardiac Devices Market, By Country, 2019–2026 (Usd Million)
7.4.1 Implantable Cardioverter-Defibrillators
7.4.1.1 Icds Dominate The Implantable Cardiac Devices Market
Table 28 Implantable Cardioverter-Defibrillators Offered By Key Market Players
Table 29 Implantable Cardioverter-Defibrillators Market, By Country, 2019–2026 (Usd Million)
7.4.2 Pacemakers
7.4.2.1 Demand For Pacemakers Has Dipped Due To The Use Of Icds
Table 30 Pacemakers Offered By Key Market Players
Table 31 Pacemakers Market, By Country, 2019–2026 (Usd Million)
7.4.3 Implantable Cardiac Monitors
7.4.3.1 Ease Of Remote Monitoring Has Driven The Use Of Implantable Monitors
Table 32 Implantable Cardiac Monitors Offered By Key Market Players
Table 33 Implantable Cardiac Monitors Market, By Country, 2019–2026 (Usd Million)
7.5 Patient Monitors
7.5.1 Long Device Lifecycles Affect Overall Sales In The Market
Table 34 Patient Monitors Offered By Key Market Players
Table 35 Patient Monitors Market, By Country, 2019–2026 (Usd Million)
7.6 Respiratory Devices
7.6.1 The Rising Prevalence Of Asthma And Respiratory Disorders Drives Demand For Respiratory Devices
Table 36 Respiratory Devices Offered By Key Market Players
Table 37 Respiratory Devices Market, By Country, 2019–2026 (Usd Million)
7.7 Infusion Pumps
7.7.1 The Risk Of Security Breaches May Affect Market Growth To A Certain Extent
Table 38 Infusion Pumps Offered By Key Market Players
Table 39 Infusion Pumps Market, By Country, 2019–2026 (Usd Million)
7.8 Fetal Monitoring Devices
7.8.1 Growing Incidence Of Newborn Deaths, Maternal Death, And Stillbirths Is A Key Driver Of Market Growth
Table 40 Fetal Monitoring Devices Offered By Key Market Players
Table 41 Fetal Monitoring Devices Market, By Country, 2019–2026 (Usd Million)
7.9 Neurological Devices
7.9.1 Product Development And Technological Advancements Have Made Innovations Available In The Market
Table 42 Neurological Devices Offered By Key Market Players
Table 43 Neurological Devices Market, By Country, 2019–2026 (Usd Million)
7.10 Ventilators
7.10.1 High Demand For Intensive Care Ensures Market Growth
Table 44 Ventilators Offered By Key Market Players
Table 45 Ventilators Market, By Country, 2019–2026 (Usd Million)
7.11 Anesthesia Machines
7.11.1 North American Countries Form The Largest Markets For Anesthesia Machines
Table 46 Anesthesia Machines Offered By Key Market Players
Table 47 Anesthesia Machines Market, By Country, 2019–2026 (Usd Million)
7.12 Hearing Devices
7.12.1 The Growing Prevalence Of Hearing Issues And Rising Adoption Of Advanced Aids Are Key Drivers For This Market
Table 48 Hearing Devices Offered By Key Market Players
Table 49 Hearing Devices Market, By Country, 2019–2026 (Usd Million)
7.13 Other Devices
Table 50 Other Iot Medical Products Offered By Key Market Players
Table 51 Other Iot Medical Products Market, By Country, 2019–2026 (Usd Million)

8 Iot Medical Devices Market, By Type

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