Connected Medical Devices Market Size,Share And Global Forecast 2032

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.


CHAPTER 1 Industry Overview of Connected Medical Devices Market
1.1 Definition and Scope
1.2 Summary
CHAPTER 2 Research Approach
2.1 Methodology
2.2 Data Source
CHAPTER 3 Market Dynamics And Competition Analysis
3.1 Market Drivers
3.2 Restraints and Challenges
3.3 Growth Opportunities
3.4 Porter’s Five Forces Analysis
3.5 Market Concentration Ratio and Market Maturity Analysis of Connected Medical Devices Market
3.6 Technological Roadmap for Connected Medical Devices Market
3.7 Value Chain Analysis
3.8 Cost Structure Analysis
3.9 Regulatory Compliance
3.10 Competitive Landscape, 2023
CHAPTER 4 Manufacturing Plant Analysis
4.1 Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023
4.2 R&D Status of Major Manufacturers in 2023
CHAPTER 5 Connected Medical Devices Market By Product
5.1 Introduction
5.2 Connected Medical Devices Revenue By Product
5.2.1 Connected Medical Devices Revenue (USD Million) and Forecast, By Product, 2020-2032
5.2.2 Heart Rate Monitor
5.2.2.1 Heart Rate Monitor Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.3 Smart Pill Dispenser
5.2.3.1 Smart Pill Dispenser Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.4 Portable GPS PERS
5.2.4.1 Portable GPS PERS Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.5 Insulin Pump
5.2.5.1 Insulin Pump Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.6 Pulse Oximeter
5.2.6.1 Pulse Oximeter Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.7 ECG Monitoring Devices
5.2.7.1 ECG Monitoring Devices Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.8 Glucose Monitor
5.2.8.1 Glucose Monitor Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.9 BP Monitor
5.2.9.1 BP Monitor Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.10 Others
5.2.10.1 Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 6 Connected Medical Devices Market By Application
6.1 Introduction
6.2 Connected Medical Devices Revenue By Application
6.2.1 Connected Medical Devices Revenue (USD Million) and Forecast, By Application, 2020-2032
6.2.2 Remote Monitoring
6.2.2.1 Remote Monitoring Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.3 Treatment Services
6.2.3.1 Treatment Services Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.4 Fitness
6.2.4.1 Fitness Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.5 Consultation and Diagnosis Services
6.2.5.1 Consultation and Diagnosis Services Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.6 Wellness Services
6.2.6.1 Wellness Services Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 7 Connected Medical Devices Market By End-User
7.1 Introduction
7.2 Connected Medical Devices Revenue By End-User
7.2.1 Connected Medical Devices Revenue (USD Million) and Forecast, By End-User, 2020-2032
7.2.2 Hospitals
7.2.2.1 Hospitals Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.3 Specialty Clinics
7.2.3.1 Specialty Clinics Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.4 Home Care Settings/Monitoring
7.2.4.1 Home Care Settings/Monitoring Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.5 Ambulatory Surgical Centers
7.2.5.1 Ambulatory Surgical Centers Market Revenue (USD Million) and Growth Rate (%), 2020-2032
7.2.6 Others
7.2.6.1 Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 8 North America Connected Medical Devices Market By Country
8.1 North America Connected Medical Devices Market Overview
8.2 U.S.
8.2.1 U.S. Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
8.2.2 U.S. Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
8.2.3 U.S. Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
8.3 Canada
8.3.1 Canada Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
8.3.2 Canada Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
8.3.3 Canada Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
8.4 North America PEST Analysis
CHAPTER 9 Europe Connected Medical Devices Market By Country
9.1 Europe Connected Medical Devices Market Overview
9.2 U.K.
9.2.1 U.K. Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
9.2.2 U.K. Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
9.2.3 U.K. Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
9.3 Germany
9.3.1 Germany Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
9.3.2 Germany Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
9.3.3 Germany Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
9.4 France
9.4.1 France Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
9.4.2 France Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
9.4.3 France Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
9.5 Spain
9.5.1 Spain Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
9.5.2 Spain Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
9.5.3 Spain Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
9.6 Rest of Europe
9.6.1 Rest of Europe Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
9.6.2 Rest of Europe Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
9.6.3 Rest of Europe Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
9.7 Europe PEST Analysis
CHAPTER 10 Asia Pacific Connected Medical Devices Market By Country
10.1 Asia Pacific Connected Medical Devices Market Overview
10.2 China
10.2.1 China Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
10.2.2 China Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
10.2.3 China Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
10.3 Japan
10.3.1 Japan Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
10.3.2 Japan Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
10.3.3 Japan Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
10.4 India
10.4.1 India Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
10.4.2 India Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
10.4.3 India Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
10.5 Australia
10.5.1 Australia Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
10.5.2 Australia Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
10.5.3 Australia Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
10.6 South Korea
10.6.1 South Korea Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
10.6.2 South Korea Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
10.6.3 South Korea Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
10.7 Rest of Asia-Pacific
10.7.1 Rest of Asia-Pacific Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
10.7.2 Rest of Asia-Pacific Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
10.7.3 Rest of Asia-Pacific Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
10.8 Asia Pacific PEST Analysis
CHAPTER 11 Latin America Connected Medical Devices Market By Country
11.1 Latin America Connected Medical Devices Market Overview
11.2 Brazil
11.2.1 Brazil Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
11.2.2 Brazil Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
11.2.3 Brazil Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
11.3 Mexico
11.3.1 Mexico Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
11.3.2 Mexico Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
11.3.3 Mexico Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
11.4 Rest of Latin America
11.4.1 Rest of Latin America Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
11.4.2 Rest of Latin America Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
11.4.3 Rest of Latin America Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
11.5 Latin America PEST Analysis
CHAPTER 12 Middle East & Africa Connected Medical Devices Market By Country
12.1 Middle East & Africa Connected Medical Devices Market Overview
12.2 GCC
12.2.1 GCC Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
12.2.2 GCC Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
12.2.3 GCC Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
12.3 South Africa
12.3.1 South Africa Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
12.3.2 South Africa Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
12.3.3 South Africa Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
12.4 Rest of Middle East & Africa
12.4.1 Rest of Middle East & Africa Connected Medical Devices Revenue (USD Million) and Forecast By Product, 2020-2032
12.4.2 Rest of Middle East & Africa Connected Medical Devices Revenue (USD Million) and Forecast By Application, 2020-2032
12.4.3 Rest of Middle East & Africa Connected Medical Devices Revenue (USD Million) and Forecast By End-User, 2020-2032
12.5 Middle East & Africa PEST Analysis
CHAPTER 13 Player Analysis Of Connected Medical Devices Market
13.1 Connected Medical Devices Market Company Share Analysis
13.2 Competition Matrix
13.2.1 Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2 New Product Launches and Product Enhancements
13.2.3 Mergers And Acquisition In Global Connected Medical Devices Market
13.2.4 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14 Company Profile
14.1 Honeywell International Inc.
14.1.1 Company Snapshot
14.1.2 Business Overview
14.1.3 Financial Overview
14.1.3.1 Revenue (USD Million), 2023
14.1.3.2 Honeywell International Inc. 2023 Connected Medical Devices Business Regional Distribution
14.1.4 Product /Service and Specification
14.1.5 Recent Developments & Business Strategy
14.2 GE Healthcare
14.3 Garmin Ltd.
14.4 Boston Scientific Corporation
14.5 NXP Semiconductors NV
14.6 Koninklijke Philips NV
14.7 Abbott Laboratories
14.8 Medtronic PLC
14.9 Stanley Black & Decker, Inc.
14.10 Qualcomm Incorporation

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