Global Network Connected Medical Devices Market was valued at USD 20.0 billion in 2018, Observing a CAGR of 24.0% during 2019–2024

Published Date: Dec, 2019

The global network connected medical devices market is expected to grow at a CAGR of 24.0% during the forecast period with its market size valued at USD 20.0 billion in 2018. Globally, network connected medical devices industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain 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 aims at collecting medical and other required data pertaining to health and further aims at sending the collected information to a physician which enables flexible and efficient medical operations.

Browse Market Insight and In-depth TOC on "Global Network Connected Medical Devices Market - Analysis and Forecast (2019-2024)"

Patient monitoring devices category held largest share in the network connected medical devices market in 2018

On the basis of product, the global network connected medical devices market is categorised 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 extensive adoption of cloud technique in healthcare and high cost of these devices.

Geography Insight

Network connected medical devices market in North America is anticipated to generate largest revenue by 2024 owing to extensive adoption of IT solutions in healthcare domain and prevalence of modern healthcare IT infrastructure. Furthermore increased legislatives initiatives undertaken in countries of this region such as HITECH law along with existence of large market players of connected devices are another factors that are strengthening the growth of 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 product, patient monitoring devices are anticipated to generate largest revenue during the forecast period.
  • Of all the connectivity technology, bluetooth-low energy (BLE) technology is anticipated to contribute largest revenue during the forecast period.

The Report Offers:

  • Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
  • 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 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global network connected medical devices market on the basis of product, connectivity technology, and region.

Global Network Connected Medical Devices Market Coverage

Product Insight and Forecast 2014-2024

  • Patient Monitoring Devices
    • Cardiac Monitoring Devices
      • Mobile Cardiac Telemetry Monitors
      • Electrocardiogram (ECG)
      • Pacemakers
      • Implantable Loop Recorders
    • Respiratory Monitoring Devices
      • Pulse Oximeters
      • Spirometers
      • Capnographs
      • 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 2014-2024

  • 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
Our Industry
Global Network Connected Medical Devices Market was valued at USD 20.0 billion in 2018, Observing a CAGR of 24.0% during 2019–2024