Global “Connected Medical Device Market” 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028
The global Connected Medical Device market is expected to register a significant CAGR 9.32% during the forecast period 2022-2028. According to Market growth reports latest research Connected Medical Device Industry Know-how optimization stages are solutions which deliver an organization the ability to know the requirement of every individual customer and suggestion the best possible experience for them across all touch points.
The Connected Medical Device market is expected to register a CAGR of over 9.32%, during the forecast period of 2022-2028. The report profiles the various deployment components of connected medical devices, for various end users.
The connected medical devices market is one of the most lucrative markets, as it is expected to generate considerable revenue, in the near future. The mobile platform can play a vital role in the increasing proliferation of connected devices in the connected healthcare segment, as about 52% of the smartphone users gather health-related information on their phones. The increasing penetration of the connected devices and consistent technological advancements (such as artificial intelligence, machine learning, and blockchain) are expected to bolster growth of the market studied. The deployment of IoT (Internet of Things) solutions is estimated to save up to 50% of operational costs. This factor is the major driver of the robust adoption of medical devices, in the healthcare segment. In addition to technological advancements, the high relevance to the sector has been a major contributor to the increasing adoption of connected devices, in the healthcare segment.
Connected Devices to Witness Robust Adoption in the Healthcare Industry
North America has been one of the significant contributors to the connected medical device market. The sale of blood pressure monitoring equipment, glucometer, and insulin pumps, among others, have been the major contributors to the market. The chronic disease management in the region also provides a wide scope for the market, as the number of people availing those services is estimated to increase considerably. Moreover, the United States is home to several major connected device vendors, such as Cisco Systems Inc., GE Healthcare, Medtronic Inc., Microsoft Corporation, etc. Therefore, there exists a high degree of competitive rivalry, among the players. Research conducted by renowned universities and companies (like Dell Healthcare) are vital, for the market. With such an increasing adoption of technologies pertaining to connected medical healthcare devices, the market studied is expected to witness healthy growth, over the forecast period.
North America Expected to Account for the Largest Connected Medical Device Market Share
The adoption of connected devices in the healthcare industry has been fueled by their technological relevance to the sector. The recent trends in various technologies have played major roles as well. Chronic disease management is one of the key segments, where the market could generate considerable revenue. It is estimated that more than 65% of the healthcare costs are incurred by the chronic disease management segment. The latest applications enable users to monitor and track the key parameters. Some of the applications are even capable of catering to patients, in case of an emergency. The increasing enrollment for chronic disease management is estimated to surge considerably. Therefore, healthcare vendors are preparing strategies to capture the majority of the market share. This penetration is further fueled by the increased adoption of connected devices, which reduces the number of sick days by more than 40%.
Who are some of the Top Manufacture operating in the Connected Medical Device market and how high is the competition 2022?
- Medtronic Inc.
- Koninklijke Philips NV
- Cisco Systems Inc.
- IBM Corporation
- GE Healthcare
- Microsoft Corporation
- SAP SE
- Qualcomm Life Inc.
- Honeywell International Inc.
- Stanley Healthcare
- Diabetizer GmbH and Co. KG
And More
{ Impressive Compound annual growth rate (CAGR) 9.32% With Multiple million USD }
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Connected Medical Device Market Research Report provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
The report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market’s competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.
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Key questions answered in this report: –
- What will the Connected Medical Device market size be in 2028 and what will the growth rate be?
- What are the key Connected Medical Device market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this Connected Medical Device market space?
- What are the Connected Medical Device market opportunities and threats faced by the key vendors?
Top countries data covered in this report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of L.A.)
- Middle East and Africa (Turkey, GCC, Rest of Middle East)
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With tables and figureshelping analyze Global Connected Medical Device Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market
Detailed TOC of 2022- 2028 Connected Medical Device Market Research Report – Regional Analysis, Top Players, Growth, Shares, Revenue
- Introduction
1.1 Study Deliverables
1.2 General Study Assumptions - Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling - Executive Summary
- Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry - Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.3.1 Growing Demand
5.3.2 Increasing Demand - Connected Medical Device Market, Segmentation by Material Type
- Connected Medical Device Market, Segmentation by Type
- Connected Medical Device Market, Segmentation by Vehicle Type
- Connected Medical Device Market, Segmentation by Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.1.4 Others
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Others
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Others
9.4 Europe
9.4.1 United Kingdom
9.4.2 Germany
9.4.3 France
9.4.4 Others
9.5 Africa and Middle East
9.5.1 UAE
9.5.2 South Africa
9.5.3 Saudi Arabia
9.5.4 Others - Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Developments of Key Players - Key Vendor Analysis (Overview, Products and Services, Strategies)
- Future Outlook of the Market
- Disclaimer
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