Connected Medical Device Market 2022 Precise Outlook- NXP Semiconductors NV, Honeywell International Inc, Abbott Laboratories, Medtronic Inc., Koninklijke Philips NV

Connected Medical Device Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Connected Medical Device Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Connected Medical Device Market all told its geographical and merchandise segments.

The connected medical devices market was valued at USD 28.24 billion in 2020, and it is expected to reach USD 94.32 billion by 2027, at a CAGR of 18.92% over the forecast period from 2022 to 2027. 

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The Global Connected Medical Device Market is highly competitive and consists of a number of Major Key Players are: Medtronic Inc., Koninklijke Philips NV, Boston Scientific Corporation, Abbott Laboratories, Garmin Ltd., Qualcomm Incorporation, Honeywell International Inc., Stanley Black & Decker, Inc. (Stanley Healthcare), NXP Semiconductors NV others.

Industry News:

- March 2020 - Royal Philips announced the HealthSuite System of Engagement which is an integrated, modular set of standards-based capabilities that support the development of digital health propositions, including new capabilities for cloud-based managed AI workflow and DICOM interoperability. HealthSuite System of Engagement is helping a wide range of both Philips and 3rd party connected healthcare applications, including a smart cloud-based application that connects homecare providers, physicians, and payers with patients quickly and efficiently to critical data across connected devices and locations.
- February 2020 - GE Healthcare introduced a cybersecurity service that combines medical device expertise, artificial intelligence, and process management tools to help the connected medical devices in the hospital groups to fight against cybersecurity threats. A SOC team provides monitoring and warning detection and remediation for connected medical devices under a GE Healthcare service contract.

Key Market Trends:

Wearable Device is Expected to Hold Major Share
- Wearable technologies in the healthcare industry offer convenient means to monitor physiological features. A multitude of medical solutions are not restricted to consumers but provide current data for doctors to analyze patients at remote locations. Wearable medical technologies have a vast range of applications in the healthcare segment, from Apple Watch's glucose monitoring systems to its EKG capabilities. Apart from being convenient, wearable devices were proven to be cost-effective, as the data generated by these devices may help doctors make decisions remotely, thus reducing the patients' repeated visits to hospitals for regular checkups.

North America Holds Highest Market Share
- The United States connected medical devices market is defined by the presence of established medical device manufactures, an advanced healthcare ecosystem, and significant healthcare expenditure. According to Synopsys, US hospitals have an average of 10-15 connected medical devices per bed. The sale of blood pressure monitoring equipment in the region is expected to cross USD 1.92 billion in 2018, which would be a 370% increase from that in 2013. This makes blood pressure monitoring the most lucrative segment in the US connected medical devices market, which is the major contributor in the region.

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The key insights of the Connected Medical Device Market report:

The report provides key statistics on the market status of the Connected Medical Device Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Connected Medical Device Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Connected Medical Device Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Connected Medical Device Market Industry before evaluating its feasibility.

Finally, Connected Medical Device Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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