Latest Trend: Connected Medical Device Market Future Growth Analysis and Challenges 2020 GE Healthcare, Medtronic, OMRON Corporation, AgaMatrix, Boston Scientific Corporation
Avail a Sample Copy before Purchase:
The connected medical devices market was valued at USD 23.17 billion in 2019, and it is expected to reach USD 77.24 billion by 2025, at a CAGR of 22.26% over the forecast period (2020-2025).
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.
Connected medical devices are the embodiment of digitization for the medical industry. These advanced tools can change the face of the current healthcare services for better. As its demand is on the rise, the global connected medical devices market is gaining momentum.
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.
The prominent players in the global Connected Medical Device market are:
GE Healthcare, Medtronic, OMRON Corporation, AgaMatrix, Boston Scientific Corporation, F. Hoffmann-La Roche, iHealth Labs, Johnson & Johnson, True Wearables, Smiths Group
Connected Medical Device Market segment by Types:
Blood Pressure Monitors
Safety Monitoring Devices
Activity Monitoring Devices
Connected Medical Device Market segment by Applications:
Increasing Adoption of Wearable Devices
The adoption of wearable devices in the healthcare segment has been gaining traction in recent times. This, in turn, has been one of the significant factors influencing the connected medical devices market.
The worldwide wrist wearable shipment in 2015 was estimated at more than 40 million units, which is expected to cross 100 million units by the end of 2018, with the healthcare sector accounting for a significant portion of the demand. The wearable devices that accounted for the second-highest number of shipments were the modular wearables.
The healthcare wearable devices comprise more than fitness bands. Smart watches, smart glasses, smart footwear, smart apparel, posture monitors, movement sensors, wrist devices, heart straps, headbands, wearable patches, pain management devices, and medicine delivery pods are some of the myriad devices that make up the vast and growing healthcare wearables market.
This growth in the global smart wearable devices unit shipments is dominated by healthcare and fitness applications. Thus, due to the rise in the usage of wearable devices in the healthcare sector and improved connectivity solutions, the market for wearable connected devices for healthcare applications is expected to grow.
Get Exclusive Discount at:
The connected medical devices market is highly fragmented. Some of the key players in the market include GE, Abbot, and Philips. Some key recent developments in this market are as follows:
Medtronic, plc., along with Nutrino, announced that the companies have entered into a definitive agreement, under which Medtronic will acquire Nutrino. The companies recognized this as an opportunity to enhance clinical outcomes for people with diabetes by integrating Nutrino's extensive food analysis infrastructure, nutrition science expertise, and artificial intelligence (AI)-driven personalized insights with Medtronic's technology and future innovations.
PHILIPS NV announced that it has expanded its General Care Solution, which comprises patient monitors, wearable biosensors, and clinical decision support algorithms, with the new Philips IntelliVue GuardianSoftware mobile client application.
Boston Scientific acquired Securus Medical Group, Inc., a privately-held company that has developed a thermal monitoring system for the continuous measurement of esophageal temperature. The acquisition of Securus further broadens its electrophysiology portfolio and fuels its mission to provide physicians with meaningful innovations that advances patient care.
Furthermore, Global Connected Medical Device Market following points are involved along with a detailed study of each point: -
-Manufacture Analysis -- Generation of this Global Connected Medical Device Industry is tested about applications, types, and regions with price analysis of players that are covered.
-Sales & Revenue Assessment -- Revenue, sales are planned for this Connected Medical Device market, including with various essentials along yet another facet is assessed in this section for foremost regions.
-Supply and Effectiveness -- In continuation using earnings, this section studies consumption, and global Connected Medical Device market. This area also sheds light on the variance between ingestion and distribution. Export and Connected Medical Device significance data are provided in this part.
-Competitors -- In this section, key players have been studied depending on product portfolio, their Connected Medical Device market company profile, volume, price, price, and earnings.
-Investigations and Analysis -- Connected Medical Device market analysis aside from business, the information, and supply, contact information from manufacturers, consumers and providers can also be presented. Additionally, a feasibility study to asset and SWOT analysis for endeavors have been contained.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Latest Trend: Connected Medical Device Market Future Growth Analysis and Challenges 2020 GE Healthcare, Medtronic, OMRON Corporation, AgaMatrix, Boston Scientific Corporation here
News-ID: 2055697 • Views: 455
More Releases from Market Insights Reports
Graphene Electronics Market Solid Analyzed Segmentation, Demand, Share Estimatio â€¦
A qualitative report published by Market intelligence data Research On "Graphene Electronics Market" this research report offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Graphene Electronics market report offers the historical data for 2016 to 2021 and also makes available the forecast data from the year 2022 to 2028 which is based on
Ultrasonic Sensors Market Trends, Sales Revenue, Industry Analysis, Size, Share, â€¦
A qualitative report published by Market intelligence data Research On the "Ultrasonic Sensors Market" this research report offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Ultrasonic Sensors market report offers the historical data for 2016 to 2021 and also makes available the forecast data from the year 2022 to 2028 which is based
LiDAR technology Market 2022- 2028 is Prosperous Worldwide with Key Players | Ai â€¦
A qualitative report published by Market intelligence data Research On "LiDAR technology Market" this research report offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The LiDAR technology market report offers the historical data for 2016 to 2021 and also makes available the forecast data from the year 2022 to 2028 which is based on
Touch Sensor Market 2022-2028 is Thriving Worldwide with Key Players | 3M,NXP Se â€¦
A qualitative report published by Market intelligence data Research On the "Touch Sensor Market" this research report offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Touch Sensor market report offers the historical data for 2016 to 2021 and also makes available the forecast data from the year 2022 to 2028 which is based
More Releases for Device
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust â€¦
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters in
PC-Based Resting Electrocardiograph Market Value Share, Analysis and Segments 20 â€¦
Cardiovascular diseases are a leading cause of death all over the world, and hence need to be treated as soon as possible after their diagnosis. PC-based ECG machines are one of the most reliable machines that can used to detect, diagnose, and capture highly useful data, which can be used for initiating relevant treatment procedures. Thanks to the various benefits provided by these devices, a distinct PC-based electrocardiograph market exists
Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, â€¦
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations. Request for Sample of This Research Report @ https://bit.ly/2xjOKpC Top Key Player:- Abbott Laboratories Braun Melsungen AG Boston Scientific Corporation R. Brad, Inc. Cardinal Health, Inc. Medtronic plc. Cook Medical, Inc. Teruma Corporation Jude Medical, Inc. The Spectranetics Corporation Volcano Corporation Peripheral vascular disorder (PVD) is a blood circulation disorder
Medical Device Technologies Market - The Evolution of Medical Device Technologie â€¦
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario in
Energy Based Device in Hyperhidros Market Report 2018: Segmentation by Product ( â€¦
Global Energy Based Device in Hyperhidros market research report provides company profile for Alma Lasers, ThermiAesthetics, Ulthera, Valeant, Cynosure, Miramar Lab, Fotona and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also
Timing Device Market
Asia Pacific traffic sensor market is expected to hold the majority share due to the adoption of technologically-advanced systems. Growing urban population and the increasing need for real-time information systems in the region will propel the traffic sensor market growth. Growing urban population in countries including India, China, Japan, and South Korea is increasing the strain on the traffic management solutions. This is encouraging the governments to invest increasingly in