Connected Medical Devices Market Overview
The MRFR report suggests that the global connected medical devices market is likely to record a substantial growth over the forecasted period.
Connected medical devices use wired or remote availability assets to collect and monitor patient information. The global connected medical devices market has recorded enormous growth in recent times. The market’s growth is being driven by the growing event of constant infections, rising adoption of IT in medical care, growing mindfulness, quick endorsement from administrative specialists, and spending on innovative work. Furthermore, the continuous advancement in innovation is also projected to boost the growth of the connected medical devices market over the forecasted era. However, the high costs associated with these devices and dangers related to information protection are likely to restrict the growth of the connected medical devices market.
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Connected Medical Devices Market Segment Analysis
The global connected medical devices market has been fragmented into several segments based on end-user, use, item, and region.
Based on the item, the connected medical devices market is split into glucose screen, insulin siphon, beat oximeter, pulse screen, ECG checking gadgets, BP screen, compact GPS pers, brilliant pill allocator, and others.
Based on use, the global connected medical devices market is split into wellbeing administrations, remote observing, treatment administrations, meeting and determination administrations, and wellness.
Based on end-user, the global market for connected medical devices is fragmented into emergency clinics, home consideration settings/observing, claim to fame facilities, wandering careful focuses, and others.
Connected Medical Devices Market Regional Analysis
The global connected medical devices market is studied across four major regions: Europe, the Americas, Asia-Pacific, and the Middle East & Africa.
As per the MRFR reports, the American region will likely account for the largest share in the global connected medical devices market over the forecasted era. The regional market’s growth is primarily being driven by the rising commonness of persistent infections across the region. Furthermore, factors such as the appropriation of exceptionally trend-setting innovation forceful systems, good arrangements from government and administrative specialists, and growing mindfulness regarding the associated clinical gadgets are likely to catalyze the growth of the regional connected medical devices market.
The European region will likely secure the second position in the global market for connected medical devices over the review timeframe. The regional market’s growth is attributed to the government financing and backing of the medical services and the growth in awareness regarding connected medical devices. Furthermore, the launch of innovative gadgets across the region is likely to boost the demand for these devices over the forecasted era.
Connected Medical Devices Market Competitive Analysis
The global connected medical devices market has an intensely competitive landscape. The players across the global market are adopting several new strategies such as mergers, partnerships, and product launches to grow their global market footprint. The list of leading players in the global market for connected medical devices includes Cisco Systems, Inc. (US), Hill-Rom Technologies Inc. (US), Digi International Inc. (US), GE Healthcare (US), Medtronic plc (Ireland), Infosys Limited (India), Capsule Technologies, Inc. (the US), True Process (US), Masimo Corporation (US), Koninklijke Philips N.V. (Netherlands), Lantronix Inc. (US), iHealth Labs (US), Cerner Corporation (US), and several others.
January 2022- Komodo Health, a Healthcare data startup, has announced a partnership with the Chan Zuckerberg Initiative to allow patient advocacy organizations to access software and analytics tools to catalyze the research process into rare diseases. Patient-led organizations that are part of the Rare as One Network by Chan Zuckerberg Initiative will get access to Komodo Health’s “healthcare map and data & analytics tools.
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January 2022- Athelas, a remote patient monitoring startup, attained a unicorn status after gathering USD132 million in two continuous funding rounds that enlarged the company’s worth to USD 1.5 billion. The firm is known to develop technologies for chronic care management in the home, collaborating with health systems and hospitals so suppliers can offer patients remote monitoring tools devoid of incurring upfront costs.
January 2022- A home health and virtual care company, MedArrive, has announced partnering with an eye disease screening startup to offer more complex care in patients’ homes.
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