Healthcare Connected Devices Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21211

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Published on

April 2021

Total pages

183

Table of Content

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About the Report

About the Report

Healthcare Connected devices have so many new opportunities for healthcare professionals to monitor their patients, along with for patients to monitor themselves. The variety of different Healthcare Connected devices provides many benefits and challenges, for healthcare providers and their patients meanwhile. When Healthcare device collects patient data, it forwards the data to a software application where healthcare professionals or patients can view it

The rising demand for high scale uses of Healthcare devices across the globe to drive the growth of the market. Wearable devices like biosensors, Fitbits and smart watches allow healthcare professionals to remotely monitor their patient's current conditions and collect data, allowing observation and treatment that was traditionally possible in an institutional setting. The utilization of healthcare devices are easy to use and helps in monitoring own health without any difficulty, growing the popularity of Healthcare Connected Devices also acts as a driver for the market

These devices are small, easy to use, lightweight and worn on the body, monitor vital signs such as temperature, heart rate and breathing rate, resulting health professionals with analytical perception into the early onset of an illness or disease. For instance, in May 2020, Philips announced that it received FDA clearance and CE marking for a wearable, wireless biosensor that could help monitor Covid-19 patients in the hospital and detect signs of any deterioration in patient's health

However, some of the restraints in the market include high cost of development and implementation. However, a perfectly working IoMT segment decrease healthcare costs, facilitate staff performance and rise patient satisfaction in its long term.

Based on the application, the market is bifurcated into Stationary Medical Devices, Implanted Medical Devices, and Wearable External Medical Devices. Wearable External Medical Devices segment grabbed the major market and dominated the market. Wearable External Medical Devices segment generated revenue of USD XX million in 2020

For a better understanding of the market adoption of the Healthcare Connected Devices, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America and Europe constitutes a major market for the Healthcare Connected Devices industry and generated revenue of USD XX million in 2020 owing to hectic schedules, busy and fast life and increasing awareness regarding the benefits offered by wearable healthcare connected devices. However, the Asia Pacific region would grow at the highest CAGR during the forecast period

Some of the major players operating in the market include Xiaomi Corporation, ThermoFisher Scientific, Apple Inc., Medtronic PLC, FitBit Inc., GE Healthcare, Inc, Philips Healthcare, OMRON Corporation, St. Jude Medical, Inc. (Abbott) and McKesson Corporation, etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions

The global Healthcare Connected Devices market was valued at USD XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F. The global Healthcare Connected Devices market is expected to witness a boost on account increasing demand for wearable devices, along with remote monitoring and telemedicine concerns with respect to mhealth, and key players worldwide introducing new devices to cater middle-income group which helps to boost the growth of the Healthcare Connected Devices Market.

Products


Companies

Medtronic PLC, Xiaomi Corporation, ThermoFisher Scientific, Apple Inc., FitBit Inc., GE Healthcare Inc., Philips Healthcare, OMRON Corporation, Abbott Laboratories, and McKesson Corporation

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1 Market Definitions

1.2 Objective of the Study

1.3 Limitation

1.4 Stake Holders

1.5 Currency Used in Report

1.6 Scope of the Healthcare Connected Devices Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 Research Methodology for the Healthcare Connected Devices Market

2.1.1 Main Objective of the Healthcare Connected Devices Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPS UNDER HEALTHCARE CONNECTED DEVICES SECTOR

6 COVID-19 IMPACT ON HEALTHCARE CONNECTED DEVICES

7 GLOBAL HEALTHCARE CONNECTED DEVICES MARKET REVENUE (USD BN), 2019-2027F

8 MARKET INSIGHTS BY DEVICE

8.1 Wearable Devices

8.2 Non-Wearable Devices

9 MARKET INSIGHTS BY PRODUCT

9.1 BP Monitor

9.2 ECG Monitoring Device

9.3 Glucose Monitor

9.4 Heart Rate Monitor

9.5 Insulin Pump

9.6 Portable GPS PERS

9.7 Pulse Oximeter

9.8 Smart Pill Dispenser

10 MARKET INSIGHTS BY APPLICATION

10.1 Stationary Medical Devices

10.2 Implanted Medical Devices

10.3 Wearable External Medical Devices

11 MARKET INSIGHTS BY END-USER

11.1 Hospitals

11.2 Ambulatory Surgical centers

11.3 Specialty Clinics

11.4 Home care Settings Monitoring

12 MARKET INSIGHTS BY REGION

12.1 North America Healthcare Connected Devices Market

12.1.1 United States

12.1.2 Canada

12.1.3 Rest of North America

12.2 Europe Healthcare Connected Devices Market

12.2.1 Germany

12.2.2 France

12.2.3 United Kingdom

12.2.4 Italy

12.2.5 Spain

12.2.6 Rest of Europe

12.3 Asia Pacific Healthcare Connected Devices Market

12.3.1 China

12.3.2 Japan

12.3.3 India

12.3.4 Australia

12.3.4 Rest of Asia Pacific

12.4 Rest of World Healthcare Connected Devices Market

13 HEALTHCARE CONNECTED DEVICES MARKET DYNAMICS

13.1 Market Drivers

13.2 Market Challenges

13.3 Impact Analysis

14 HEALTHCARE CONNECTED DEVICES MARKET OPPORTUNITIES

15 HEALTHCARE CONNECTED DEVICES MARKET TRENDS

16 LEGAL & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1 Demand Side Analysis

17.2 Supply Side Analysis

17.2.1 Top Product Launches

17.2.2 Top Business Partnerships

17.2.3 Top Business Expansions, Investments and Divestitures

17.2.4 Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1 Porter's Five Forces Analysis

19.1.1 Bargaining power of Supplier

19.1.2 Bargaining power of Buyer

19.1.3 Industry Rivalry

19.1.4 Availability of Substitute

19.1.5 Threat of new Entrants

19.2 Competitive Landscape

19.2.1 Company Shares, By Revenue

20 COMPANY PROFILED

20.1 Medtronic PLC

20.2 Xiaomi Corporation

20.3 ThermoFisher Scientific

20.4 Apple Inc.

20.5 FitBit Inc

20.6 GE Healthcare, Inc.

20.7 Philips Healthcare

20.8 OMRON Corporation

20.9 Abbott Laboratories

20.10 McKesson Corporation

21 DISCLAIMER

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