Article -> Article Details
Title | Connected Medical Devices Market Outlook Analysis 2017-2023 |
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Category | Fitness Health --> Conditions and Diseases |
Meta Keywords | Connected Medical Devices Market |
Owner | vinit |
Description | |
Market overview The global Connected Medical Devices market is expected to
show significant growth during the forecast period (2018–2023). Market highlights Increased prevalence of chronic diseases and related risk
factors, the need for cost-effective and efficient patient management services,
increased understanding, and increased healthcare IT acceptance to drive market
growth. In addition, advancements in technology, investment on research and
development and the rapid acceptance of connected medical devices by the
regulatory authorities are leading to market growth. 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. In
addition, core manufacturers such as Fitbit in the consumer wearables industry
rely on maintaining an online presence as it decreases the expense of shipping,
configuration, and service. Because of these incentives, the online marketplace
is quickly infiltrated by manufacturers, which further encourages business
growth. The high cost of products from Connected
Medical Devices Technology, security issues and risks associated
with data privacy and the low likelihood of acceptance of connected medical
devices in products from underdeveloped countries which impede market growth
during the evaluation period. 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. The industry has been segmented by end-users into hospitals,
outpatient surgery facilities, specialist clinics, home care/monitoring
settings and others. 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. Due to the growing prevalence of chronic diseases,
increasing investments in healthcare and increasing adoption of emerging
medical technology in the region, Asia-Pacific is projected to see moderate
growth in the connected medical devices market during the forecast period. Owing to an underdeveloped healthcare system, a lack of
technological expertise and inadequate medical infrastructure, the Middle East
& Africa region is projected to account for the smallest share of the
overall market for connected medical devices. 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. |