Connected Medical Devices Market: The global market is expected to grow at a CAGR of 22.6% during the forecasted period.

As per the study initiated by Evolve Business Intelligence, the global Connected Medical Devices market size accounted for USD 31.7 Billion in 2022, growing at a CAGR of 22.6% from 2023 to 2033. The connected medical devices market has witnessed rapid growth due to the increasing integration of healthcare with digital technology. Connected medical devices, such as wearables, remote monitoring devices, and smart implants, enable real-time data collection, analysis, and communication, facilitating personalized patient care, remote patient monitoring, and improved treatment outcomes. The market's expansion is driven by the growing demand for efficient and cost-effective healthcare solutions, advancements in IoT and wireless technologies, and the emphasis on preventive and remote healthcare delivery. This trend is expected to continue as healthcare systems embrace digital transformation and leverage the potential of connected medical devices.
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Key Highlights:
• The global Connected Medical Devices Market size was valued at USD 31.7 Billion in 2022 growing at a CAGR of 22.6% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Connected Medical Devices Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Connected Medical Devices market report also includes the following data points:
• COVID19 Impact on Connected Medical Devices market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Connected Medical Devices market
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Key Players
Some of the major Connected Medical Devices players holding high market share include Honeywell International Inc., Garmin Ltd., Boston Scientific Corporation, Abbott Laboratories and Koninklijke Philips NV. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
o Honeywell International Inc.
o Garmin Ltd.
o Boston Scientific Corporation
o Abbott Laboratories
o Koninklijke Philips NV
o Medtronic PLC
o NXP Semiconductors NV.
o Koninklijke Philips NV
o Medtronic PLC
o Stanley Black & Decker, Inc
o Qualcomm Incorporation.
Segmental Analysis
Market Segment By Product with focus on market share, consumption trend, and growth rate of Connected Medical Devices Market:
• Heart Rate Monitor
• Smart Pill Dispenser
• Portable GPS PERS
• Insulin Pump
• Pulse Oximeter
• ECG Monitoring Devices
• Glucose Monitor
• BP Monitor
• Others
Market Segment By Application with focus on market share, consumption trend, and growth rate of Connected Medical Devices Market:
• Remote Monitoring
• Treatment Services
• Fitness
• Consultation and Diagnosis Services
• Wellness Services
Market Segment By end-user with focus on market share, consumption trend, and growth rate of Connected Medical Devices Market:
• Hospitals
• Specialty Clinics
• Home Care Settings/Monitoring
• Ambulatory Surgical Centers
• Others
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Global Connected Medical Devices Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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