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

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

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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

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Connected Medical Devices Market: Segmentation by Geography

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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. 

Connected Medical Devices Market: Segmentation by Product

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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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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

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