Global IoT Medical Devices Market

Global IoT Medical Devices Market was valued US$ 20.59 Bn in 2017 and is estimated to reach US$ 68.43 Bn by 2026 at a CAGR of 14.28%.
 
 
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PUNE, India - Oct. 26, 2018 - PRLog -- Global IoT Medical Devices Market was valued US$ 20.59 Bn in 2017 and is estimated to reach US$ 68.43 Bn by 2026 at a CAGR of 14.28%.  IoT medical devices market is segmented into product, type, connectivity technology, end user, and region. Based on type, IoT medical devices market is segregated by stationary medical device, implantable medical device, and wearable medical devices. Wearable medical device is estimated to hold largest share of market in forecast period due to rising health awareness, and rising need for home health care.

On basis of connectivity technology, IoT medical devices market is divided by Wifi and Bluetooth. Bluetooth will boost the market during forecast period due to rising developments in Bluetooth enabled medical devices, low power consumption, and low cost. In terms of end user, IoT medical devices market is classified into long term care centers & home care centers, hospitals & clinics, and others. Long term care center, and home care center segments are estimated to boost market in forecast period due to high cost to stay at hospitals.

The major factors for rising market of IoT medical devices are increasing government initiative in promoting digital health, increasing focus towards patient safety, rising usage of smartphones and changing lifestyles, penetration of high speed networks, and growing need for prolonged home health care of patient due to increasing genetic diseases. In terms of region, Asia Pacific is estimated to hold largest share of market during forecast period due to rising government initiatives for eHealth, increasing awareness among patient regarding self-healthcare management, and growing demand for high quality healthcare services. Followed by Europe, Asia Pacific, Latin America, and Middle East & Africa. Key player's studies, analyzed, profiled and benchmarked in IoT medical devices market are GE Healthcare, Philips, Medtronic, Honeywell Life Care Solutions, BIOTRONIK, Boston Scientific, Johnson & Johnson, Siemens, Omron, BioTelemetry, AliveCor, iHealth Lab, AgaMatrix, Abbott Laboratories, STANLEY Healthcare, Welch Allyn, Biotronik, and Stanley Healthcare.

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