Global IoT Medical Devices Market Expected to Grow at a Rate of 25.6% Through 2027, According to Emergen Research

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The emergence of high-speed networking technology and the increasing penetration of mobile devices will propel the growth of the IoT medical device market.

Market Size – USD 25.98 Billion in 2019, Market Growth – CAGR of 25.6%, Market Trends – Advancement in Technology. ”

— Emerging research

VANCOUVER, BC, CANADA, July 11, 2022 /EINPresswire.com/ — The global IoT medical device market is expected to reach USD 161.73 billion by 2027, according to current analysis from Emergen Research. The market is expected to witness substantial growth owing to government initiatives to promote digital health. IoT services are used for remote health monitoring and emergency notification system.

Technological advancements and increasing geriatric population along with the growth of persistent disease are impacting the demand for IoT medical devices market. Additionally, reduction in room stay duration has further fueled the demand for the IoT medical device market. Market players are launching new and innovative software to solve market issues.

The emergence of high-speed networking technology and the increasing penetration of mobile devices will propel the growth of the IoT medical device market.

The proliferation of IoT in medical devices has improved functional efficiency, enabling better disease management and treatment outcomes. An increase in investments by hospitals for the adoption of advanced technologies in developing and developed regions will fuel the demand for the IoT medical devices market. The increasing focus on patient-centered acute care and patient engagement, the growing need to adopt cost control measures, and the growth of high-speed network technologies for IoT connectivity in the healthcare sector. health.

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This study is based on the evolution of the industry to deduce the trends observed. A significant increase in the global market is visible, which promises the expansion of the market in the coming years.

This report highlights the major contributing sectors of the industry and details the niche areas that are likely to impact the overall growth of the industry. Major players who account for a major portion of the market share have been profiled in this report. The research includes crucial information which has been drawn after analyzing the market trends. It includes market information that aims to help readers navigate their businesses.

Key manufacturers covered in this report:

GE Healthcare, Medtronic, Abbott Laboratories, Siemens, Johnson & Johnson, Boston Scientific, Philips Healthcare, Honeywell Life Care Solutions, Omron, Biotronik

Report Scope:

The study aims to assess different segments, their individual development trends, and their contribution to the growth of the industry as a whole. Further, the research offers detailed data on the key factors such as drivers, challenges, restraints, and opportunities and their impact on the growth rate. More importantly, the market intelligence report provides competitive intelligence data from market assessment and helps companies to plan their growth strategies from consumption volume along with forecast statistics.

The segments covered in this report are:

Product Outlook (Revenue, USD Billion; 2017-2027)

Vital signs monitoring devices

Tensiometers

Blood glucose meters

ECG/heart rate monitors

Oximeters

Multi-parameter monitors

Respirators

Fetal monitoring devices

Neurological devices

Implantable Cardiac Devices

Implantable cardioverter defibrillators

Implantable Cardiac Monitors

Pacemakers

Hearing aids

Anesthesia machines

Patient monitors

Fans

Imaging systems

Infusion pumps

Others products

Type Outlook (Revenue, USD Billion; 2017-2027)

Portable medical devices

Implantable medical devices

Fixed medical devices

Other IoT medical devices

Connectivity Technology Outlook (Revenue, USD Billion; 2017-2027)

Bluetooth

Wireless

ZigBee

Near Field Communication (NFC)

Other connectivity technologies

This report strategically examines the micro markets and sheds light on the impact of technological upgrades on the performance of the IoT medical devices market.

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High-tech pacemakers have several advantages, especially in patients who constantly monitor and check their health status. These machines are not always active, but the connections are used to configure and configure the devices to monitor their activity remotely.

The growth of wearable medical technologies is propelled by an increase in consumer demand to monitor their own health. These technologies enable continuous monitoring of human physical activities and their blood pressure, heart rate and body temperature, as well as blood oxygen saturation.

NFC or near-field communications provide better communications between caregivers and keep them informed with real-time updates. It also allows users to communicate by touching or bringing their devices close to each other. It helps caregivers track the activities of their patients.

North America is a major revenue generating region in the IoT medical devices market. The advancement of technology and its incorporation into medical devices has fueled its demand in the market, especially in remote care. IoT in medical devices has improved the quality of care in hospitals.

The researchers conducting the research also conduct a comprehensive analysis of the recent changes in government regulations and their impact on the competitive landscape of the industry.

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Contents

Chapter 1: Methodology and scope

Definition and forecast parameters

Methodology and forecast parameters

· Information source

Chapter 2:

Summary

Business trends

Regional Trends

Product trends

End-use trends

Chapter 3:

Industry Outlook

· Industry segmentation

Industry Landscape

Supplier Matrix

Technological and innovation landscape

Chapter 4:

Regional landscape

Chapter 5:

Company profile

Company overview

· Financial datas

Product Landscape

· Strategic insights

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About Emergen Research

Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal of locating, targeting and analyzing changes in consumer behavior across demographics, across industries, and helping customers make smarter business decisions. We offer market intelligence research ensuring relevant and factual research across multiple sectors including health, touchpoints, chemicals, types and energy. We are constantly updating our search offerings to ensure that our clients are aware of the latest trends existing in the market. Emergen Research has a strong base of experienced analysts from a variety of areas of expertise. Our industry experience and ability to develop a workable solution to any research problem gives our clients the ability to secure an edge over their respective competitors.

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The size of the IoT medical device market worth USD 161.73 billion by 2027



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