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Connected Medical Devices Market by Product Type (Connected Capital-Intensive Devices, Connected Physiological Monitors, Connected Wearable Medical Devices) by Application / End User(Hospital, Medical Center, Clinic, Research Institutes, Ambulatory Surgical Centers) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2016–2024

Number of pages: 125 | Report Code: PSMR- PSMR-00123 | Report Format : PDF

Report Coverage

Parameters Details

Base Year


Historical Data


Forecast Data


Base Year Value (2021)

USD million

Forecast Value (2028)

USD million

CAGR (2022 to 2028)


Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Medical Devices can be connected with handheld devices like tablets, smartphones, personal computers and even other wireless devices with each other. It requires standard software interface to enable seamless data upload, download capabilities and data aggregation. The estimated number of medical devices could reach over 50 billion over next few years.  

The market is expected to show constant growth between 2016-2024. The study covers detail analysis, growth and forecast of the Connected Medical Devices Market. The report includes market analysis on regional level. The study covers historical data analysis from 2012 to 2016 and market forecast for 2017 to 2024 based on revenue generated. The study includes market value in terms of revenue in billion USD for years 2012-24 and compound annual growth rate (CAGR) in % for from 2016-24.  

Internet of Things (IoT) includes machine-to-machine communication through cloud computing and networks of data-gathering sensors adding cost efficiency and accuracy in Connected Medical Devices. Market is growing at significant growth rate as more manufacturers I order to improve the coordination and delivery of patient care turning towards digital connectivity. Proliferation of a number of connected medical devices, helps health care industry to overcome challenge of cost efficiency leads to better delivery of health care to large number of patients.  

Some of the important advantages of Connected Medical Devices are: 

  • Helps clinics to serve patient in better way
  • Security of the device as well as information.
  • Collected patient data can be transmitted wirelessly to health care providers.
  • Better insight of patient health status
  • Wireless subsystem
  • Connected ecosystem
  • Easy usage with touch screen User Interface (UI) and very high resolution display.
  • Cost effective.

The report comprises value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints Connected Medical Devices Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study on Connected Medical Devices Market helps user to make precise decision in order to expand their market presence and increase their market share.  

Connected Medical Devices Market: Product Type

  • Connected Capital-Intensive Devices
  • Connected Physiological Monitors
  • Connected Wearable Medical Devices

Connected Medical Devices Market: Application / End User

  • Research Institute
  • School
  • Hospital
  • Clinics
  • Ambulatory Surgical Centers

Connected Medical Devices Market: Competitive Analysis

  • Medtronic
  • GE Healthcare
  • Johnson & Johnson
  • Omron Corporation
  • Philips Healthcare
  • Fitbit
  • Abbott
  • Boston Scientific Corporation
  • F. Hoffmann-La Roche
  • McKesson Corporation
  • Dexcom
  • iHealth Labs (Subsidiary of Andon Health)

Connected Medical Devices Market: Regional Analysis

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Frequently Asked Questions (FAQ)

Connected Medical Devices Market Report was valued at around USD million in 2021 & estimated to reach USD by 2028.

Connected Medical Devices Market Report is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.

Yes, the report includes COVID 19 impact on the market.

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