iCrowdNewswire   Jan 26, 2021  6:00 AM ET

Market Synopsis

The global connected medical devices market is presumed to expand at a significant CAGR during the forecast period (2018-2023) owing to the adoption of IT in the healthcare sector, asserts Market Research Future (MRFR). Connected medical devices use wireless or wired connectivity resources in order to collect and monitor patient data. Connected medical devices reduce human error by accurate and uninterrupted data.

Over the past few years, the healthcare industry has undergone a significant transition, supported by the revolutionary nature of IoT technologies and advancements in computing power, wireless technologies, and data processing tools, such as Big Data, which is currently implemented in medical facilities and the medical research field to examine a large number of complex heterogeneous microscopes.

Regional Overview

The markets in the Americas, Europe, Asia-Pacific, and the Middle East & Africa have been segmented by area.

Because of the growing prevalence of chronic diseases, increasing awareness of connected medical devices, favourable policies from government and regulatory agencies, the introduction of technologically advanced technologies and competitive strategies implemented by major players in the industry, the Americas are expected to dominate the global connected medical device market.

The second-largest linked medical device industry is projected to be the European market. Business growth in this region can be due to government funding and health sector support, coupled with rising research and development in this region. In addition, growing awareness of connected medical devices is adding to the development of this region’s industry.

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Market Segmentation

On the basis of product, computer, application and end user, the global connected medical devices market has been segmented.

The market was listed as ECG tracking equipment, insulin pump, bp sensor, portable pers GPS, glucose monitor, pulse oximeter, smart pill dispenser, heart rate monitor, and others on the basis of the device. Wearables and non-wearables have been separated into the computer segment.

Remote surveillance, referral and diagnostic services, care services, exercise, and health services have been broken into the application group.

Competitive Dashboard

Some of the key players in the global connected medical devices market are GE Healthcare, Inc., Medtronic Plc, OMRON Corporation, Philips Healthcare, McKesson Corporation, Fitbit, Inc., Johnson & Johnson, Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), AgaMatrix, Inc., Dexcom, F. Hoffmann-La Roche, Polar Electro, iHealth Labs (subsidiary of Andon Health) and Aerotel Medical Systems Ltd.

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About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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