A Global IoT Medical Devices Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the IoT Medical Devices industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the IoT Medical Devices market, this study covers qualitative and quantitative aspects of the IoT Medical Devices market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the IoT Medical Devices market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The global IoT Medical Devices Market is forecasted to be worth USD 161.73 Billion by 2027, according to a current analysis by Emergen Research. The market is expected to witness substantial growth due to the initiatives taken by the government to promote digital health. IoT services are used remote health monitoring and emergency notification system.
Technological advancement and rise in the geriatric population, along with the growth in the persistent disease, are impacting the demand for the IoT medical devices market. Moreover, the reduction in the duration of room stay has further fuelled the demand for the IoT medical devices market. Market players are initiating novel and innovative software programs to address market issues.
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The proliferation of IoT in medical devices has enhanced functional efficiency, allowing improved disease management and treatment outcomes. A surge in investment by the hospitals for the adoption of advanced technology in both developing and developed regions will fuel IoT Medical Devices market demand. The increasing focus on active patient-centric care and patient engagement, the surging need for the adoption of cost-control measures, and the growth of high-speed network technologies for IoT connectivity in the healthcare sector.List of Key Players of IoT Medical Devices Market
GE Healthcare, Medtronic, Abbott Laboratories, Siemens, Johnson Johnson, Boston Scientific, Philips Healthcare, Honeywell Life Care Solutions, Omron, Biotronik
Some Key Highlights from IoT Medical Devices Report
- The high-tech pacemakers have several benefits, especially among those patients who intensive control and constant check of their health. These machines are not always active, but the connections are used to configure and set the parameters of the devices to monitor their activity remotely.
- The wearable medical technologies growth is being propelled due to a rise in the demand of consumers to monitor their own health. These technologies enable the continuous monitor of human physical activities and their blood pressure, heart rate, and body temperature, as well as blood oxygen saturation.
- NFC or near field communications ensure better communications among the healthcare staff and enable them to remain updated with real-time updates. It also allows users to communicate by touching or bringing their devices close to each other. It helps caretakers in tracking their patient’s activities.
- North America is a major revenue-generating region in the IoT medical devices market. The advancement in technology and its incorporation in medical devices has fuelled its market demand, especially in remote care. IoT in medical devices has improved the quality of care in hospitals.
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Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Vital Signs Monitoring Devices
- Blood Pressure Monitors
- Blood Glucose Monitors
- ECG/Heart Rate Monitors
- Multiparameter Monitors
- Respiratory Devices
- Fetal Monitoring Devices
- Neurological Devices
- Implantable Cardiac Devices
- Implantable Cardioverter Defibrillators
- Implantable Cardiac Monitors
- Hearing Devices
- Anesthesia Machines
- Patient Monitors
- Imaging Systems
- Infusion Pumps
- Other Products
- Vital Signs Monitoring Devices
Type Outlook (Revenue, USD Billion; 2017-2027)
- Wearable Medical Devices
- Implantable Medical Devices
- Stationary Medical Devices
- Other IoT Medical Devices
Connectivity Technology Outlook (Revenue, USD Billion; 2017-2027)
- Near Field Communication (NFC)
- Other Connectivity Technologies
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- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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