IoT Medical Devices Market Trends, Business Overview, Industry Growth and Forecast to 2028

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 2021 and forecasts were provided between 2022 and 2028.

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

 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

Scope of the Report

The research study analyses the global IoT Medical Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

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 addressed by the report

• • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?
    • Deviation from the pre-COVID-19 forecast
    • Most affected region and segment
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?