Connected Medical Devices Market Expected to Grow at 21.9% CAGR Through 2030

►Connected Medical Devices Market Set to Surge to USD 199.02 Bn by 2030

The Connected Medical Devices Market, valued at approximately USD 49.75 Bn in 2023, is forecasted to explode to USD 199.02 Bn by 2030, registering a robust CAGR of 21.90% over the period . Fueled by expanding health IT adoption, rising R&D investment, chronic disease prevalence, and increasing demand for patient-centric care, the market is poised for transformative growth.

Moreover, the emergence of the Medical Internet of Things (MIoT) is revolutionizing patient monitoring, diagnostics, and treatment via connected devices-from wearable patches and insulin pumps to ECG monitors-offering improved outcomes and reduced costs .

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►Competitive Landscape

The market is intensely competitive. Major players such as Medtronic PLC, Philips Healthcare, GE Healthcare Inc., Dexcom, and Boston Scientific Corporation are at the forefront of innovation-rolling out advanced monitors, expanding secure connectivity, and integrating AI analytics to enable real-time care.

►United States - Growth & Consolidation

Growth: The U.S. dominates global revenue thanks to widespread MIoT adoption and hospital digitization efforts .

Consolidation & Updation: Recent mergers include Dexcom acquiring Sierra Systems to boost its continuous glucose monitoring capabilities. Medtronic PLC upgraded its wireless implantable cardiac devices for enhanced remote data collection.

►Asia Pacific - Opportunity & Trends

Asia Pacific Opportunity: With burgeoning healthcare spending and rising middle-class demand in China and India, the region is expected to grow faster than any other during the forecast period .

Trends: Proliferation of wireless wearables and portable monitors-such as ECG and glucose trackers-is reshaping patient care. Philips Healthcare expanded its IoT hub in China; GE Healthcare deepened partnerships in India.

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►Europe - Trends & Consolidation

Europe Trends: Demographic shifts and regulatory encouragement of remote patient monitoring are fueling market expansion in major countries like Germany, UK, and France.

Consolidation: Siemens Healthineers, in collaboration with Philips Healthcare, launched a pan-European interoperable tele-health platform. GE Healthcare upgraded hospital-grade ventilators and networking systems across the region.

►Middle East & Africa - Updation & Consolidation

Opportunity: Governments in GCC, Egypt, and South Africa are aggressively investing in telehealth infrastructure, especially post-pandemic.

Consolidation & Updation: GE Healthcare introduced cloud-connected ultrasound systems in UAE. Philips Healthcare forged an agreement with Egypt's Ministry of Health for remote rural diagnostics and monitoring.

►Key Recent Developments

MIoT market projected to grow from USD 93 Bn in 2025 to USD 134 Bn by 2029 .

Impedimed's lymphoedema detection scale and Zimmer Biomet's smart knee implants exemplify next-gen sensor-powered diagnostics .

Hospitals in New Jersey and UK are strengthening cybersecurity for hundreds of connected devices, highlighting rising data security scrutiny.

Expansion trends from Philips, GE, Medtronic, and Dexcom across global regions.

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► Market Segmentation: In-Depth Analysis:

• by Devices

wearable
Non-wearable

Wearable technology is predicted to have the highest compound annual growth rate (CAGR) during the course of the prediction period. The market for connected medical devices is being driven by wearable technology's increasing dominance in the healthcare sector. Modular wearables were the wearables that shipped the most, ranking second in terms of quantity. Currently, over 500,000 medical technologies are accessible. The rise in the use of fitness and healthcare applications is driving the expansion of smart wearable technology worldwide.

• by Product Type

ECG monitoring devices
Portable GPS PERS
Insulin pump
BP monitor
Pulse oximeter
Glucose monitor
Heart rate monitor
Smart pill dispenser
others

• by Application

Treatment services
Fitness and Wellness services
Remote monitoring
Consultation & diagnosis services

• by End User

Hospitals
Clinics
Ambulatory
Surgical Centers
Other

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-connected-medical-devices-market/54089/

► Learn about the top players driving innovation in the Market :

1.Aerotel Medical Systems Ltd.
2.AgaMatrix Inc.
3.Boston Scientific Corporation
4.Dexcom
5.F. Hoffmann-La Roche
6.Fitbit Inc.
7.GE Healthcare Inc.
8.iHealth Labs (subsidiary of Andon Health)
9.Johnson & Johnson
10.McKesson Corporation
11.Medtronic PLC
12.Omron Corporation
13.Philips Healthcare
14.Polar Electro
15.St. Jude Medical Inc. (Abbott)
16.Whitescope Limited
17.Battelle
18.Coalfire Systems Inc.
19.Drager Medical GmbH
20.Extreme Networks Inc.
21.Synopsys Inc.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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