Connected Medical Devices Market 2023: Emerging Technologies by Industry Size

Posted by vinit sawant on March 16th, 2021

The global connected medical devices market is presumed to expand at a significant CAGR during the forecast period (2018-2023) owing to the adoption of IT in the healthcare sector, asserts Market Research Future (MRFR). Connected medical devices use wireless or wired connectivity resources in order to collect and monitor patient data.

Additionally, key vendors in the consumer wearables market like Fitbit are focusing on maintaining an online presence as it reduces the distribution, setup, and the operational costs. Owing to such advantages, vendors are rapidly penetrating the online platform which is further fostering the market growth.

Global Connected Medical Devices Market: Segmental Analysis

The global connected medical devices market has been segmented on the basis of device, product, application, end-user, and region.

By mode of product, the global connected medical devices market has been segmented into smart pill dispenser, heart rate monitor, portable GPS pers, pulse oximeter, BP monitor, insulin pump, ECG monitoring devices, glucose monitor, and others. Among these, the device segment is further sub-segmented into wearables and non-wearables.

On the flip side, security concerns, high price of such medical devices, low possibility of adoption in underdeveloped countries, and risk factors associated with data piracy are likely to inhibit the market growth in the coming years.

The global connected medical devices market has been segmented on the basis of device, product, application, end-user, and region.

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vinit sawant

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vinit sawant
Joined: July 4th, 2019
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