Connected Medical Devices Market is projected to grow to US$ 190.63 Billion by 2032 |according to a new study by Polaris Market Research

The global Connected Medical Devices Market was valued at USD 49.57 billion in 2022. Looking forward, the market is projected to grow to USD 190.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.4% over the forecast period from 2023 to 2032.

The rising aging population and the expansion of telehealth services are the primary factors propelling the market forward. Besides, the growing prevalence of chronic diseases is projected to spur the industry demand over the estimated period.

𝑬𝒗𝒂𝒍𝒖𝒂𝒕𝒆 𝒀𝒐𝒖𝒓 𝑮𝒓𝒐𝒘𝒕𝒉: 𝑼𝒏𝒗𝒆𝒊𝒍 𝒕𝒉𝒆 𝑭𝒖𝒕𝒖𝒓𝒆 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑩𝒐𝒕𝒖𝒍𝒊𝒏𝒖𝒎 𝑻𝒐𝒙𝒊𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 - 𝑮𝒆𝒕 𝒀𝒐𝒖𝒓 𝑺𝒂𝒎𝒑𝒍𝒆 𝑹𝒆𝒑𝒐𝒓𝒕 𝑻𝒐𝒅𝒂𝒚! https://www.polarismarketresearch.com/industry-analysis/connected-medical-devices-market/request-for-sample

Connected medical devices refer to devices that are capable of connecting to a network, such as the Internet. These devices can connect to the Internet through Wi-Fi, Bluetooth, or radio transmission. Along with the basic functions of curing, treating, or diagnosing disease, these medical devices come with digital capabilities. These devices commonly take the form of medical wearables, implantable devices, and therapeutic devices.

Also, diagnostic monitors and health apps are covered under connected medical devices. The primary benefits associated with the usage of connected medical devices include enhanced patient outcomes, lower healthcare costs, and human error avoidance. Besides, these medical devices can help in improving patient engagement and maintaining high-resolution patient records. Connected medical devices make use of cutting-edge hardware and innovative software to ensure the correct diagnosis and treatment of patients.

𝑲𝒆𝒚 𝑰𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝑷𝒂𝒓𝒕𝒊𝒄𝒊𝒑𝒂𝒏𝒕𝒔

The connected medical devices market is characterized by fragmentation. The key market contenders continually introduce new products to strengthen their market position.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3039/2

𝑺𝒐𝒎𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒎𝒂𝒋𝒐𝒓 𝒑𝒍𝒂𝒚𝒆𝒓𝒔 𝒐𝒇𝒇𝒆𝒓𝒊𝒏𝒈 𝒕𝒉𝒆𝒊𝒓 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔 𝒂𝒏𝒅 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒏𝒄𝒍𝒖𝒅𝒆:

• Abbott Laboratories
• AliveCor
• Becton, Dickinson and Company (BD)
• Boston Scientific
• Cerner Corporation
• General Electric (GE) Healthcare
• Honeywell Life Care Solutions
• Johnson & Johnson
• Masimo
• Medtronic
• Philips Healthcare
• ResMed
• Roche Diagnostics
• Siemens Healthineers

𝑺𝒐𝒎𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒎𝒂𝒋𝒐𝒓 𝒑𝒍𝒂𝒚𝒆𝒓𝒔 𝒐𝒇𝒇𝒆𝒓𝒊𝒏𝒈 𝒕𝒉𝒆𝒊𝒓 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔 𝒂𝒏𝒅 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒏𝒄𝒍𝒖𝒅𝒆:

• Vital signs monitoring system segment to experience significant growth during the forecast period, which is mainly driven by increase in demand for blood pressure monitors, pulse oximeters, cardiac monitors, and wearable fitness trackers

• Remote patient monitoring and telehealth is expected to grow significantly during the forecast period, which is mainly driven by telehealth consultations, remote cardiac monitoring, and digital mental health

• Hospitals and clinics segment held the maximum market revenue share in 2022, mainly due to increase in use of connected medical devices for applications such as medication management, remote patient monitoring, electronic health records (EHR) integration

• North America region dominated the market with majority share in 2022, owing to growth in wearable health tech, regulatory environment, and adoption of telehealth solutions

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/connected-medical-devices-market

𝑹𝒆𝒈𝒊𝒐𝒏𝒂𝒍 𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔

• With rising healthcare expenditure and a surge in healthcare infrastructure development, Asia Pacific is expected to experience significant growth. Besides, the increasing prevalence of chronic conditions in APAC nations is impacting the regional market demand favorably.

• The industry for connected medical devices in North America exhibits robust growth and innovation. Major trends in the region include the rapid integration of telehealth and the utilization of connected devices for managing chronic diseases. As such, North America emerged as the largest region in 2022.

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝑺𝒆𝒈𝒎𝒆𝒏𝒕𝒂𝒍 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔

• By Device
o Respiratory Devices
o Vital Signs Monitoring System
o Patient Monitors
o Others

• By Application
o Diagnostics
o Remote Patient Monitoring and Telehealth
o Treatment Services
o Wellness Services
o Fitness
o Others

• By End User
o Hospitals and Clinics
o Ambulatory Centers
o Nursing Homes and Home Care
o Others

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Medical Foods Market https://www.polarismarketresearch.com/industry-analysis/medical-foods-market

Tissue Diagnostics Market https://www.polarismarketresearch.com/industry-analysis/tissue-diagnostics-market

Respiratory Care Devices Market https://www.polarismarketresearch.com/industry-analysis/respiratory-care-devices-market

Nanomedicine Market https://www.polarismarketresearch.com/industry-analysis/nanomedicine-market

Microgreens Market https://www.polarismarketresearch.com/industry-analysis/microgreens-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.