IoT Medical Devices Market worth $94.2 billion by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, July 21, 2021 /PRNewswire/ -- According to the new market research report "IoT Medical Devices Market by Product (Blood Pressure Monitor, Glucometer, Cardiac Monitor, Pulse Oximeter, Infusion Pump), Type (Wearable, Implantable, Stationary), Connectivity Technology (Bluetooth, Wifi), End User (Hospital) - Global Forecast to 2026", published by MarketsandMarkets™, the global market is projected to reach USD 94.2 billion by 2026 from USD 26.5 billion in 2021, at a CAGR of 28.9% during the forecast period.
Browse in-depth TOC on "IoT Medical Devices Market"
231 – Tables
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15629287
The growth of this market is majorly attributed to the need for cost-containment in healthcare delivery, and rising focus on active patient engagement & patient-centric care delivery. Also, the government initiatives to promote digital health are expected to drive demand growth in the IoT medical devices market during the forecast period.
By product, segment, the vital signs monitors segment is expected to grow at the highest growth rate during the forecast period
Among the product, segment, the vital signs monitors segment is expected to grow at the highest CAGR during the forecast period. The vital signs monitors segment is estimated to grow highest due to the increasing prevalence of hypertension, growing obese population, and increasing preference for self-health management.
By type, the stationary medical devices segment is expected to account for the largest share of the IoT medical devices market
The stationary medical devices segment accounted for the largest share of the global market in 2020. The implementation of government regulations mandating the use of EHR and the advantages offered by these devices are driving the growth of this segment.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=15629287
By connectivity technology, the Wi-Fi based medical devices segment is expected to account for the largest share of the IoT medical devices market
The Wi-Fi based medical devices segment accountedfor the largest share of the global market in 2020. The large share of this segment can be attributed to the advantages of Wi-Fi connectivity, such as its long range (~120 feet indoors and ~300 feet outdoors) and high speed data transmission.
By end user, the hospitals and clinics segment is expected to account for the largest share of the IoT medical devices market
Based on end user, the market is segmented into hospitals & clinics, nursing homes, assisted living facilities, long term care centers and home care settings. The growing need to manage an increasing volume of patient data and the increasing demand for data accessibility and interoperability in hospitals and clinics are the major factor driving the growth of this segment.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=15629287
North America dominates the IoT medical devices market during the forecast period.
North America accounted for the largest share of the medical devices market in 2020. The high penetration of smartphones, tablets, and other mobile platforms; increasing utilization of connected devices to manage chronic diseases; the development and adoption of EHRs in healthcare organizations; and rising government initiatives for digitizing healthcare are some of the factors driving the growth of the market in this region.
Medtronic (US), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), are the leading players in the IoT medical devices market. Other players include Honeywell Life Care Solutions (US), BIOTRONIK (Germany) Boston Scientific Corporation (US), Johnson & Johnson Services, Inc. (US), Siemens AG (Germany), Omron Healthcare, Inc. (Japan), BioTelemetry, Inc. (US), AliveCor, Inc. (US), iHealth Lab, Inc. (US), AgaMatrix (US), Abbott Laboratories (US), Stanley Healthcare (US), and Hillrom-Welch Allyn (US).
Browse Adjacent Markets: Healthcare IT Market Research Reports & Consulting
Browse Related Reports:
Remote Patient Monitoring (RPM) Market by Product (Software, Services, Devices, Cardiology, Neurological, Blood Glucose, Neonatal, Weight, Temperature, Neuro) End User (Providers, Hospitals, Clinics, Home Care, Patients, Payers) - Global Forecast to 2025
Medical Wearables Market by Device (Vital Signs Monitoring, Blood Pressure Monitor, Glucose Monitor, ECG Monitor, Pulse Oximeter), Product (Smartwatch, Patches, Wristbands), End User (Hospitals, Nursing Homes, Ambulatory) - Global Forecast to 2025
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
Is it Time to Leave AI Unsupervised?
How to Manage and Migrate Legacy Systems
Face the Music: The New Age of Bluetooth