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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.
Browse TOC and LoE with selected illustrations and example pages of Connected Medical Devices Market
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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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.
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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.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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