0

Connected Medical Devices Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46489
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The connected medical devices market size has the potential to grow by USD 81.26 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 29.20%. 

This report provides a detailed analysis of the market by product (connected capital-intensive devices, connected physiological monitors, and connected wearable medical devices), geography (Asia, Europe, North America, and ROW), and key vendors. 

Market Overview

Connected Medical Devices Market Size

Browse TOC and LoE with selected illustrations and example pages of Connected Medical Devices Market 

Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market's competitive landscape and offers information on several market vendors, including: 

  • Abbott Laboratories
  • Alphabet Inc.
  • Boston Scientific Corp.
  • Dexcom Inc.
  • F. Hoffmann-La Roche Ltd.
  • General Electric Co.
  • Koninklijke Philips NV
  • LifeScan IP Holdings LLC
  • Medtronic Plc
  • OMRON Corp.

 

The connected medical devices market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the rising prevalence of chronic diseases to achieve growth opportunities. However, factors such as the high cost of connected medical devices will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the connected medical devices market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This connected medical devices market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Connected Medical Devices Market: Key Drivers and Trends

  • The rising prevalence of chronic diseases is one of the primary growth factors for the connected medical devices market.
  • Chronic diseases such as hypertension, diabetes, CVDs, and their related risk factors such as obesity, sleep apnea, and chronic respiratory diseases such as asthma, and chronic pain conditions are becoming rampant globally.
  • The widespread prevalence of these diseases will increase the demand for connected medical devices for efficient disease management.
  • Chronic diseases are the main causes of death globally. As the patients suffering from these diseases need continuous monitoring, the patients adopt connected medical devices to cut down costs and reduce the burden of hospital visits. 
  • The increasing online presence of vendors is one of the key connected medical devices market trends.
  • Key vendors in the consumer wearables market such as Fitbit are focusing intensely on maintaining a strong online presence.
  • Online marketing reduces setup, distribution, and operational costs. Due to these advantages, vendors in the IoT healthcare devices market are steadily penetrating the online platform to sell their products to a wide customer base.
  • Customers are increasingly purchasing their products online due to the availability of a high number of discounts and promotional offers online.

 

Grab your Free Sample now to unlock further information on other key market drivers

 

Connected Medical Devices Market: Segmentation by Geography

Connected Medical Devices Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for connected medical devices in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The high spending on healthcare infrastructure is one of the prime factors that will facilitate the connected medical devices market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Connected Medical Devices Market: Segmentation by Product

Connected Medical Devices Market Segmentation

Request for a FREE sample and Get more information on the market contribution of various segments

The rising demand for advanced capital medical equipment, including connected capital-intensive devices, the growing focus of healthcare providers to improve facility infrastructure for providing better patient care, and growth in the number of well-equipped healthcare facilities in developed as well as developing countries to cater to the demand for treatment during emergency medical situations in the coming years are the major factors expected to influence the demand for connected capital-intensive devices globally. However, the connected medical devices market share growth by the connected capital-intensive devices segment will be slower than the connected physiological monitors and connected wearable medical devices segments.    

The post COVID19 impact has brought forth a slowdown in the connected capital-intensive devices segment. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the connected medical devices market size.   

 

Event-Tickets-Market-Report

Request for a FREE sample

Connected Medical Devices Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive connected medical devices market growth during the next five years
  • Precise estimation of the connected medical devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the connected medical devices industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of connected medical devices market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Connected capital-intensive devices - Market size and forecast 2020-2025
    • Connected physiological monitors - Market size and forecast 2020-2025
    • Connected wearable medical devices - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Volume drivers – Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Abbott Laboratories
      • Alphabet Inc.
      • Boston Scientific Corp.
      • Dexcom Inc.
      • F. Hoffmann-La Roche Ltd.
      • General Electric Co.
      • Koninklijke Philips NV
      • LifeScan IP Holdings LLC
      • Medtronic Plc
      • OMRON Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Connected Medical Devices market growth will increase by $81.26 billion during 2020-2025.
      The connected medical devices market is expected to grow at a CAGR of 29.20% during 2020-2025.
      Technavio has segmented the connected medical devices market by product (Connected capital-intensive devices, Connected physiological monitors, and Connected wearable medical devices) and geographic (North America, Europe, Asia, and ROW).
      Abbott Laboratories, Alphabet Inc., Boston Scientific Corp., Dexcom Inc., F. Hoffmann-La Roche Ltd., General Electric Co., Koninklijke Philips NV, LifeScan IP Holdings LLC, Medtronic Plc, OMRON Corp. are a few of the key vendors in the connected medical devices market.
      North America will register the highest growth rate of 41.70% among the other regions. Therefore, the connected medical devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the connected medical devices market growth are:
      • Rising prevalence of chronic diseases
      • Technological advancements
      The connected medical devices market vendors should focus on grabbing business opportunities from the connected capital-intensive devices segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
      • Off-the-shelf research reports
      • Reports can be tailored to meet the customer's needs
      • Trusted by more than 100 fortune 500 organizations
      • Information about the market's key drivers, trends, and challenges
      • Parent market analysis
      • Every week, 50,000 people visit our subscription platform
      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

      Certified ISO 9001 : 2015

      We are ISO recognized

      We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

      We are GDPR and CCPA compliant

      We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

      Safe and Secure SSL Encrypted
      Technavio

      info
      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization)
        Complimentary Customization Included

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Customized Report as per your Business Needs

      • Our analysts will work directly with you and understand your needs
      • Get data on specified regions or segments, competitor and Vendors
      • Data will be formatted and presented as per your requirements
      • We offer $1000 worth of FREE customization at the time of purchase

      Let us help you make report more suited to your requirements.

      • Get a competitive breakdown as per your niche industry
      • Customize the data with various metrics that meet your business prerequisite
      • Understand Revenue Sources, Customers and many more
      • Details on Market Share
      • These customizations are done in a short amount of time by our analysts and industry experts
      Technavio
      Enquire Before Buying
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>