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The global IoT medical devices market was valued at USD 17.75 billion in 2017 and is projected to reach USD 63.43 billion by 2023, at a CAGR of 25.2% during the forecast period. Based on product, the vital signs monitoring segment is expected to grow at the fastest CAGR during the forecast period. This is due to the growing geriatric population and the consequent rise in the prevalence of chronic diseases.
Prominent players in IoT medical devices market are GE Healthcare (US), Philips (Netherlands), Medtronic (US), Honeywell Life Care Solutions (US), BIOTRONIK (Germany), Boston Scientific (US), Johnson & Johnson (US), Siemens (Germany), Omron (Japan), Bio Telemetry (US), AliveCor (US), iHealth Lab (US), AgaMatrix (US), Abbott Laboratories (US), STANLEY Healthcare (US), and Welch Allyn (US).
The global internet of things (IoT) healthcare market is expected to register considerable growth during the forecast period, attributed to technological advancements, rising incidence rates of chronic diseases, growing demand for cost-effective treatment and disease management, better accessibility of high-speed internet, implementation of favorable government regulatory policies, and collaboration of top IT companies with healthcare majors.
Click Here for More Information on IoT Medical Devices Market with Top Trends and Global Forecast at http://www.marketwatch.com/press-release/trends-in-iot-medical-devices-market-to-2023-projected-to-hit-252-and-to-reach-us-6343-billion-by-2023-2018-08-20 .
Internet of thing (IoT) technology, has the potential to revolutionize the traditional paper-based healthcare treatment through simplifying access of real-time patient data and remote patient monitoring. The emergence of this digital healthcare technology, has addressed the impending need for better diagnostics and targeted therapeutic tools.
Geographically, IoT medical devices market has been studies for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America dominated the IoT medical devices market, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa. In North America, the US held the largest share of the IoT medical devices market in 2017.
Access 22% Discount Now on IoT Medical Devices Market by Product (Blood Pressure Monitor, Glucometer, Cardiac Monitor, Pulse Oximeter, Infusion Pump), Type (Wearable, Implantable Device), Connectivity Technology (Bluetooth, Wifi), End User (Hospital) – Global Forecast to 2023 report at http://www.rnrmarketresearch.com/contacts/discount?rname=1625905 .
The IoT medical devices market in this report is segmented by product, type, connectivity technology, end users, and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges).
The report presented above is a complete evaluation of the global IoT medical devices market with large focus on market dynamics. It also includes the market drivers, restraints, and trends, and opportunities. The above presented report also offers geographical as well as other segmentation of the market
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