The global IoT medical device market is expected to reach $63.43 billion by 2023 from 205.9 billion dollars in 2018 at a CAGR of 25.2% over the forecast period. IoT medical devices offer multiple benefits, such as smooth transmission of EHRs, reduced medical errors, improved patient safety, allowing patient engagement, and providing patient-centered care. The market is expanding with the advancement of high-speed networking technology and the increasing penetration of smartphones, tablets and other mobile platforms in the medical field. The base year considered for study is 2020 and forecasts were provided between 2021and 2027.
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Key Market Players
- AliveCor, Inc.
- GENERAL ELECTRIC COMPANY
- IBM Corporation
- Koninklijke Philips N.V.
- LINK LABS
- Medtronic
- OMRON Corporation
- Siemens Product Lifecycle Management Software Inc.
- STANLEY Healthcare
- Welch Allyn
IoT Medical Devices Market: Segmentation
By Product
- Vital Signs Monitoring Devices
- Respiratory Devices
- Fetal Monitoring Devices
- Neurological Devices
- Implantable Cardiac Devices
- Pacemakers
- Hearing Devices
- Anesthesia Machines
- Patient Monitors
- Ventilators
- Imaging Systems
- Infusion Pumps
- Other Products
By Type
- Wearable Medical Devices
- Implantable Medical Devices
- Stationary Medical Devices
- Other IoT Medical Devices
By Connectivity Technology:
- Bluetooth
- Wi-Fi
- ZigBee
- Other Connectivity Technologies
By End User:
- Hospitals & Clinics
- Nursing Homes, Assisted Living Facilities, Long-term Care Centers, & Home Care Settings
- Other End Users
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Recent Developments
- Market Overview and growth analysis
- Import and Export Overview
- Volume Analysis
- Current Market Trends and Future Outlook
- Market Opportunistic and Attractive Investment Segment
Geographic Coverage
- North America Market Size and/or Volume
- Latin America Market Size and/or Volume
- Europe Market Size and/or Volume
- Asia-Pacific Market Size and/or Volume
- Rest of the world Market Size and/or Volume
Key Questions Answered by Electric Ranges Market Report
- What was the IoT Medical Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of the IoT Medical Devices Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the IoT Medical Devices Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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