The Global Connected Medical Devices Market Size accounted for USD 56.2 Billion in 2023 and is estimated to achieve a market size of USD 273.6 Billion by 2032 growing at a CAGR of 19.6% from 2024 to 2032.
The connected medical devices market is rapidly evolving, driven by advancements in healthcare technology, the increasing adoption of Internet of Things (IoT) solutions, and the growing demand for real-time patient monitoring and management. Connected medical devices, often referred to as smart medical devices, integrate with digital platforms and networks to collect, transmit, and analyze patient data in real time. These devices enhance the accuracy of diagnoses, improve patient outcomes, and optimize healthcare delivery by enabling remote monitoring, telemedicine, and personalized care. The market for connected medical devices is expanding due to factors such as the increasing prevalence of chronic diseases, the aging population, healthcare system pressures to improve efficiency and reduce costs, and advancements in wireless communication technologies.
Connected Medical Devices Market Segmentation
The worldwide market for connected medical devices is split based on product, application, end-user, and geography.
Connected Medical Device Market By Product
Heart Rate Monitor
Smart Pill Dispenser
Portable GPS PERS
Insulin Pump
Pulse Oximeter
ECG Monitoring Devices
Glucose Monitor
BP Monitor
Others
Connected Medical Device Market By Application
Remote Monitoring
Treatment Services
Fitness
Consultation and Diagnosis Services
Wellness Services
Connected Medical Device Market By End-User
Hospitals
Specialty Clinics
Home Care Settings/Monitoring
Ambulatory Surgical Centers
Others
Connected Medical Devices Market Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
France
Spain
Rest of Europe
Asia-Pacific
India
Japan
China
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of LATAM
The Middle East & Africa
South Africa
GCC Countries
Rest of the Middle East & Africa (ME&A)
Connected Medical Devices Market Players
Some of the top connected medical devices companies offered in our report include Honeywell International Inc., GE Healthcare, Garmin Ltd., Boston Scientific Corporation, NXP Semiconductors NV, Koninklijke Philips NV, Abbott Laboratories, Medtronic PLC, Stanley Black & Decker, Inc., and Qualcomm Incorporation.
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