The Internet of things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data.The concept of the Internet of Things, or IoT, is spreading its wings wider and stronger in the current IT scenario, and is gradually taking part in every facet of our lives. Look at the way the healthcare industry wants to be connected with each and every thing associated with it. There is a high level of adoption of medical devices that are connected to each other. In fact, the adoption level shows an increasing trend and there will be more takers for these devices in the future.
Market Analysis and Insights: Global IoT Medical Devices Market
Due to the COVID-19 pandemic, the global IoT Medical Devices market size is estimated to be worth US$ 26710 million in 2022 and is forecast to a readjusted size of US$ 61740 million by 2028 with a CAGR of 15.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Blood Pressure Monitor accounting for % of the IoT Medical Devices global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Hospital segment is altered to an % CAGR throughout this forecast period.
North America IoT Medical Devices market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of IoT Medical Devices include Abbott Laboratories, Alivecor, Biotronik, GE Healthcare, Johnson & Johnson, Omron, Medtronic, Philips and Siemens, etc. In terms of revenue, the global 3 largest players have a % market share of IoT Medical Devices in 2021.
Global IoT Medical Devices Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global IoT Medical Devices Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Blood Pressure Monitor
Glucometer
Cardiac Monitor
Pulse Oximeter
Infusion Pump
Segment by Application
Hospital
Clinic
By Company
Abbott Laboratories
Alivecor
Biotronik
GE Healthcare
Johnson & Johnson
Omron
Medtronic
Philips
Siemens
Boston Scientific
Honeywell Life Care Solutions
Biotelemetry
Agamatrix
Ihealth Lab
Stanley Healthcare
Welch Allyn
Production by Region
North America
Europe
China
Japan
Consumption 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