Rise In Telemedicine Services Fueling The Growth Of The Market Due To Increasing Demand For Remote Patient Monitoring: The Driving Engine Behind Connected Medical Device Market Evolution in 2025

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Connected Medical Device Market Size Growth Forecast: What to Expect by 2025?
Over the last few years, the connected medical device market size has experienced a swift proliferation. It is projected to expand from $48.88 billion in 2024 to $56.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.1%. The growth observed during the historical period could be grounded on elements such as the heightened prevalence of chronic ailments, escalating global elderly population, increasing demand for distance patient monitoring, growing adoption of wearable health technology, and a rise in healthcare expenditure.

How Will the Connected Medical Device Market Size Evolve and Grow by 2029?
The market size for connected medical devices is anticipated to experience a significant expansion in the following years, reaching a value of $101.84 billion in 2029 with a compound annual growth rate (CAGR) of 15.7%. This surge over the projected period can be linked to a heightened consciousness about health and fitness, a rising incidence of cardiovascular diseases, an increasing demand for immediate health data analysis, government-backed initiatives encouraging digital health, and a boost in smartphone usage. The forthcoming period is likely to see trends like improvements in wireless communication technologies, the incorporation of artificial intelligence (AI) and machine learning into medical devices, the necessity for affordable healthcare services, advancements in sensor technology, and amplified data protection and privacy strategies.

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What Drivers Are Propelling the Growth of Connected Medical Device Market Forward?
The projected increase in telemedicine services is expected to stimulate the expansion of the connected medical device market in the upcoming years. Telemedicine employs technology to deliver medical services and advice remotely, eradicating the need for in-person appointments. The demand for this remote healthcare method is increasing given its convenience; it permits patients to seek medical attention swiftly from their homes, saving time and eliminating travel requirements. The burgeoning popularity of telemedicine underpins the demand for connected medical devices, as these technologies facilitate remote patient tracking. This process requires a seamless relay of real-time data from patients to healthcare professionals, ensuring precise diagnoses and prompt interventions sans physical visits. To illustrate, Rock Health, a US-based firm specializing in digital health and healthcare innovation, conducted a survey in February 2023 involving 8,014 respondents from July to August 2022. The survey results showed that 80% of the participants claimed to have utilized telemedicine at least once in 2022, recording an 8% hike compared to 72% in 2021. As such, the escalating utilization of telemedicine services is predicted to bolster the growth of the connected medical device market.

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Which Emerging Trends Are Transforming the Connected Medical Device Market in 2025?
Prominent entities within the interconnected medical device industry are directing their efforts towards crafting sophisticated solutions like AI-infused platforms. These are designed to facilitate individually-tailored user experiences by instantaneously adjusting to personal behaviours and preferences. Artificial Intelligence infused platforms are digital infrastructures that employ AI technology to scrutinize data, formulate decisions, and automate tasks with little to no human input. For example, in October 2023, ZS, a technology company based in the US, introduced the ZAIDYN Connected Health solution. This solution offers unique, reliable, AI-enabled insights that assist pharmaceutical firms, health providers, and payers in addressing unresolved medical needs while boosting patient outcomes. Its suite of health insights uncovers care discrepancies and supplies tailored suggestions to doctors, patients, and manufacturers, which optimizes access and coordination of treatment. The patient engagement suite targets a comprehensive understanding of each patient's needs to deliver bespoke support and augment the success of patient programs. The connected research employs cutting-edge digital engagement instruments to collect credible evidence that bolsters healthcare institutions in verifying innovations and reinforcing strategic choices.

What Are the Key Segments in the Connected Medical Device Market?
The connected medical device market covered in this report is segmented -

1) By Product Type: Wearable Devices, Implantable Devices, Stationary Devices
2) By Connectivity Technology: Bluetooth, Wi-Fi, Cellular, Other Connectivity Technologies
3) By Application: Remote Patient Monitoring, Telemedicine, Clinical Decision Support, Chronic Disease Management, Fitness And Wellness, Other Applications
4) By End-User: Hospitals And Clinics, Home Care Settings, Long-Term Care Facilities, Ambulatory Surgical Centers, Other End-Users

Subsegments:
1) By Wearable Devices: Fitness Trackers, Smartwatches, Continuous Glucose Monitors (CGM), Wearable ECG Monitors, Blood Pressure Monitors, Pulse Oximeters, Sleep Trackers
2) By Implantable Devices: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (ICDs), Neurostimulators, Cochlear Implants, Implantable Glucose Sensors, Drug Delivery Implants
3) By Stationary Devices: Remote Patient Monitoring Stations, Telehealth Kiosks, Connected Imaging Devices, Connected Ventilators, Connected Dialysis Machines, Connected Infusion Pumps

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Who Are the Key Players Shaping the Connected Medical Device Market's Competitive Landscape?
Major companies operating in the connected medical device market are Cardinal Health Inc., Johnson And Johnson, Abbott Laboratories Inc., Medtronic plc, F. Hoffmann-La Roche Ltd., Siemens Healthineers AG, Fresenius Medical Care AG And Co. KGaA, Becton, Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies Inc., Boston Scientific Corporation, Baxter International Inc., 3M Health Care, Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Smith And Nephew plc, Garmin Ltd., Resmed Inc., Omron Healthcare Inc., Epitel Inc.

What Geographic Markets Are Powering Growth in the Connected Medical Device Market?
North America was the largest region in the connected medical device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected medical device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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