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.
The researchers find out why sales of IoT Medical Devices are projected to surge in the coming years. The study covers the trends that will strongly favour the industry during the forecast period, 2020 to 2027. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the IoT Medical Devices industry.
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The research provides answers to the following key questions:
What is the estimated market size and growth rate of the IoT Medical Devices market for the forecast period, 2020 - 2027?
What are prominent factors driving the progress of the IoT Medical Devices industry across different regions?
Who are major vendors dominating the IoT Medical Devices market and what have been their winning strategies to stay competitive?
Which market trends are expected to influence the development of the IoT Medical Devices industry worldwide?
What are challenges that are expected to act as a roadblock for IoT Medical Devices industry for the period, 2020 - 2027?
What are the opportunities working in favor of the IoT Medical Devices industry?
This report on the global IoT Medical Devices Market equips the reader with all essential tools to decipher their standing in the industry based on the growth of revenue or sales. It provides a comprehensive evaluation of the global IoT Medical Devices market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives an accurate account of the significant breakthroughs and developments that influence the global IoT Medical Devices market. It also focuses on both the global as well as the regional expansion of the IoT Medical Devices industry to give an overall analysis.
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Key Highlights From The 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.
Key participants include GE Healthcare, Medtronic, Abbott Laboratories, Siemens, Johnson & Johnson, Boston Scientific, Philips Healthcare, Honeywell Life Care Solutions, Omron, and Biotronik, among others.
Product Outlook (Revenue, USD Billion; 2017-2027)
Vital Signs Monitoring Devices
Blood Pressure Monitors
Blood Glucose Monitors
ECG/Heart Rate Monitors
Oximeters
Multiparameter Monitors
Respiratory Devices
Fetal Monitoring Devices
Neurological Devices
Implantable Cardiac Devices
Implantable Cardioverter Defibrillators
Implantable Cardiac Monitors
Pacemakers
Hearing Devices
Anesthesia Machines
Patient Monitors
Ventilators
Imaging Systems
Infusion Pumps
Other Products
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)
Bluetooth
Wi-Fi
ZigBee
Near Field Communication (NFC)
Other Connectivity Technologies
End-User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Nursing Homes, Assisted Living Facilities, Long-term Care Centers, & Home Care Settings
Other End Users
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. IoT Medical Devices Market Segmentation & Impact Analysis
Chapter 5. IoT Medical Devices Market By Product Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. IoT Medical Devices Market By Surgery Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. IoT Medical Devices Market By End User Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. IoT Medical Devices Market Regional Outlook
Continued…
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