Press Releases

The global network-connected medical devices market is expected to grow at a CAGR of 6.8% during the forecast period with its market size valued at USD 21.0 billion in 2023. Globally, network-connected medical devices industry players are undertaking product innovations and technological upgrades that are enabling manufacturers to gain a competitive advantage across the globe.

IoT devices help in transferring and collecting health data such as oxygen, blood pressure, weight, blood sugar, and ECGs. Network-connected devices enable real-time monitoring connected with smartphone application, connected devices aim at collecting medical and other required data about health and further aim at sending the collected information to a physician which enables flexible and efficient medical operations.

Global Network Connected Medical Devices Market Segmentation and Key Players

Browse Market Insight and In-depth TOC on "Global Network Connected Medical Devices Market - Analysis and Forecast (2025-2030)"

The patient monitoring devices category held the largest share in the network-connected medical devices market in 2023

Based on product, the global network-connected medical devices market is categorized into insulin pumps, patient monitoring devices, defibrillators, glucose monitors, infusion pumps, smart hospital beds, CT scanners, CPAP machines, ingestible sensors, dialysis machines, coagulation testing, x-ray imaging systems, ventilators, and oxygen tanks. Amongst these segments, patient monitoring devices are anticipated to generate largest revenue owing to the extensive adoption of cloud techniques in healthcare and the high cost of these devices.

Geography Insight

Network connected medical devices market in North America is anticipated to generate the largest revenue by 2030 owing to the extensive adoption of IT solutions in the healthcare domain and the prevalence of modern healthcare IT infrastructure. Furthermore, increased legislative initiatives undertaken in countries of this region such as HITECH law along with the existence of large market players of connected devices are other factors that are strengthening the growth of the network-connected medical devices market in North America.

Competitive Insight

Some of the players having prominent presence in the global network-connected medical devices market include Nonin Medical Inc., NuvoAir AB, Koninklijke Philips N.V., Hoffmann-La Roche Ltd., PhysIQ Inc., General Electric Company, Drgerwerk AG & Co. KGaA, Fresenius Medical Care AG & Co. KGaA, Medtronic plc, Myontec Ltd., OxyGo LLC, Proteus Digital Health Inc., Aerotel Medical Systems Ltd., Aero Healthcare AU Pty Ltd., OMRON Corporation, and Hill-Rom Holdings Inc.

Key Takeaway from the Report:

• Among all the products, patient monitoring devices are anticipated to generate the largest revenue during the forecast period.
• Of all the connectivity technologies, Bluetooth-low energy (BLE) technology is anticipated to contribute the largest revenue during the forecast period.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030.
• Insight on current market trends, market dynamics, key opportunities, and major challenges in the industry.
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings.
• Profiles of leading players and innovators, their financial overview, and product portfolio.
• Analysis of key industry trends and recent developments.
• Value chain analysis and distribution channel analysis with opportunity assessment.
• Market share analysis of major players.

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue (USD Billion). The report segments the global network-connected medical devices market based on product, connectivity technology, and region.

Global Network Connected Medical Devices Market Coverage

Product Insight and Forecast 2025-2030

• Patient Monitoring Devices
  • Cardiac Monitoring Devices
    • Mobile Cardiac Telemetry Monitors
    • Electrocardiogram (ECG)
    • Pacemakers
    • Implantable Loop Recorders
  • Respiratory Monitoring Devices
    • Pulse Oximeters
    • Spirometers
    • Capnography
    • Peak Flow Meters
  • Neuromonitoring Devices
    • Electroencephalograph (EEG)
    • Electromyograph (EMG)
  • Multi-Parameter Monitoring Devices
  • Hemodynamic Monitoring Devices
  • Temperature Monitoring Devices
  • Weight Monitoring Devices
• Glucose Monitors
• Insulin Pumps
• Dialysis
• Continuous Positive Airway Pressure (CPAP) Machines
• Infusion Pumps
• Defibrillators
• Ventilators
• Smart Beds
• Oxygen Tanks
• Coagulation Testing
• Blood Processing Devices
• Computed Tomography (CT) Scanners
• X-Ray Imaging Systems
• Ingestible Sensors

Connectivity Technology Insight and Forecast 2025-2030

• Bluetooth-Low Energy (BLE)
• Wi-Fi
• Near Field Communication (NFC)
• Cellular
• Satellite
• ZigBee

Geographical Segmentation

Network Connected Medical Devices Market by Region

North America

• By Product
• By Connectivity Technology
• By Country – U.S., Canada, and Mexico

Europe

• By Product
• By Connectivity Technology
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Product
• By Connectivity Technology
• By Country – China, Japan, India, Australia, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Product
• By Connectivity Technology
• By Country – Brazil, Saudi Arabia, South Africa, and Other Countries