Connected Medical Devices Market grow at CAGR of 18.92% for the forecast period 2021 to 2026.

The industry of healthcare has experienced significant changes over the past few years. It has been helped by the revolutionary nature of IoT technologies as well as advances in computing power, wireless technology, and data analytics methods like Big Data, which currently is being used by hospitals and in the medical research, field to aid in the analysis of large amounts of medical data that is complex and heterogeneous including genomics, proteomics and pharmacogenomics globally.

The market for connected medical devices was estimated at USD 28.24 billion as of 2020 and is projected to rise to the figure of USD 94.32 billion in 2026, at an annual rate of 18.92% for the forecast period 2021 to 2026.

In the past, medical devices and software were typically used in order to manage medical equipment as well as display information. However, the increasing potential of the current software and its options outweighs the need for sophisticated sensors and medical hardware. Thus, there's an increase in the use of connected medical devices as well as advances in software that are capable of recording and transmitting medical records as well as for analytics tools that aid medical professionals to gain insights into and encourage the provision of preventive, predictive, customized, and participative medicines.

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Top Key Players:

Medtronic

GE Healthcare

Johnson & Johnson

Omron Corporation

Philips Healthcare

Fitbit

Abbott

Boston Scientific Corporation

F. Hoffmann-La Roche

Drager Medical GmbH

Dexcom

iHealth Labs (Subsidiary of Andon Health)

Segment by Type

Connected Diagnostic Devices

Connected Treatment Devices

Connected Monitoring Devices

Segment by Application

Hospitals

Clinics

Ambulatory Surgical Centers

Other

By Region

North America,U.S.,Canada,Europe,Germany,France,U.K.,Italy,Russia,Asia-Pacific,China,Japan,South Korea,India,Australia,Taiwan,Indonesia,Thailand,Malaysia,Philippines,Vietnam,Latin America,Mexico,Brazil,Argentina,Middle East & Africa,Turkey,Saudi Arabia,U.A.E

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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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• Provision of market value (USD Billion) data for each segment and sub-segment
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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