Global Connected Medical Devices Market 2017-2021

  • ID: 4435030
  • Report
  • Region: Global
  • 97 pages
  • TechNavio
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FEATURED COMPANIES

  • Abbott
  • F. Hoffmann-La Roche
  • GE Healthcare
  • LabStyle Innovations
  • Medtronic
  • Philips Healthcare
  • MORE
1h Free Analyst Time

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About Connected Medical Devices

Connected medical devices, as the name suggests, are medical devices that have wired or wireless connectivity through which data is transferred to information systems such as electronic health record (EHR), mobile devices such as smartphones, or to other medical devices. Connected medical devices include wearable medical devices such as activity trackers and sleep apnea monitors; physiological monitors such as weighing scales, pulse oximeters, blood pressure meters, ventilators, heart rate monitors, blood glucose meters, and thermometers; and capital-intensive devices, which include medical implants such as implantable loop recorders (ILRs), pacemakers, neurostimulator implants, and medical imaging devices such as X-ray, magnetic resonance imaging (MRI), and computed tomography (CT) scanners.

The analysts forecast the global connected medical devices market to grow at a CAGR of 9.24% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global connected medical devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Connected Medical Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Fitbit
  • GE Healthcare
  • Medtronic
  • OMRON Corporation
  • Philips Healthcare
Other prominent vendors
  • Abbott
  • AgaMatrix
  • Boston Scientific Corporation
  • Dexcom
  • F. Hoffmann-La Roche
  • Garmin
  • iHealth Labs (subsidiary of Andon Health)
  • Jawbone
  • Johnson & Johnson
  • LabStyle Innovations
  • LifeWatch
  • McKesson Corporation
  • Nokia
  • Polar Electro
  • True Wearables
  • TupeloLife
Market drivers
  • Rising prevalence of chronic diseases
  • For a full, detailed list, view the full report
Market challenges
  • High cost of connected medical devices
  • For a full, detailed list, view the full report
Market trends
  • Increasing number of regulatory approvals
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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2 of 5

FEATURED COMPANIES

  • Abbott
  • F. Hoffmann-La Roche
  • GE Healthcare
  • LabStyle Innovations
  • Medtronic
  • Philips Healthcare
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product type
  • Connected capital-intensive devices
  • Connected physiological monitors
  • Connected wearable medical devices
PART 07: Geographical segmentation
  • Market overview
  • Connected medical devices market in Americas
  • Connected medical devices market in EMEA
  • Connected medical devices market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Increasing number of regulatory approvals
  • Technological advancements
  • Increasing online presence of vendors
PART 11: Vendor landscape
  • Competitive landscape
PART 12: Key vendor analysis
  • Fitbit
  • GE Healthcare
  • Medtronic
  • OMRON Corporation
  • Philips Healthcare
  • Other prominent vendors
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global connected medical devices market: Segmentation
Exhibit 02: Global connected medical devices market 2016-2021 ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Global connected medical devices market by product type 2016 (% share)
Exhibit 05: Major connected capital-intensive devices available in market
Exhibit 06: Global connected capital-intensive devices market 2016-2021 ($ millions)
Exhibit 07: Major connected physiological monitors available in market
Exhibit 08: Global connected physiological monitors market 2016-2021 ($ millions)
Exhibit 09: Major connected wearable medical devices available in market
Exhibit 10: Global connected wearable medical devices market 2016-2021 ($ millions)
Exhibit 11: Global connected medical devices market by region 2016 (% share)
Exhibit 12: Connected medical devices market in Americas 2016-2021 ($ millions)
Exhibit 13: Connected medical devices market in EMEA 2016-2021 ($ millions)
Exhibit 14: Connected medical devices market in APAC 2016-2021 ($ millions)
Exhibit 15: Competitive structure analysis of global connected medical devices market 2016
Exhibit 16: Fitbit: Key highlights
Exhibit 17: Fitbit: Strength assessment
Exhibit 18: Fitbit: Strategy assessment
Exhibit 19: Fitbit: Opportunity assessment
Exhibit 20: GE Healthcare: Key highlights
Exhibit 21: GE Healthcare: Strength assessment
Exhibit 22: GE Healthcare: Strategy assessment
Exhibit 23: GE Healthcare: Opportunity assessment
Exhibit 24: Medtronic: Key highlights
Exhibit 25: Medtronic: Strength assessment
Exhibit 26: Medtronic: Strategy assessment
Exhibit 27: Medtronic: Opportunity assessment
Exhibit 28: OMRON Corporation: Key highlights
Exhibit 29: OMRON Corporation: Strength assessment
Exhibit 30: OMRON Corporation: Strategy assessment
Exhibit 31: OMRON Corporation: Opportunity assessment
Exhibit 32: Philips Healthcare: Key highlights
Exhibit 33: Philips Healthcare: Strength assessment
Exhibit 34: Philips Healthcare: Strategy assessment
Exhibit 35: Philips Healthcare: Opportunity assessment
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FEATURED COMPANIES

  • Abbott
  • F. Hoffmann-La Roche
  • GE Healthcare
  • LabStyle Innovations
  • Medtronic
  • Philips Healthcare
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global Connected Medical Devices Market 2017-2021

The author of the report recognizes the following companies as the key players in the global connected medical devices market: Fitbit, GE Healthcare, Medtronic, OMRON Corporation, and Philips Healthcare.

Other Prominent Vendors in the market are: Abbott, AgaMatrix, Boston Scientific Corporation, Dexcom, F. Hoffmann-La Roche, Garmin, iHealth Labs (subsidiary of Andon Health), Jawbone, Johnson & Johnson, LabStyle Innovations, LifeWatch, McKesson Corporation, Nokia, Polar Electro, True Wearables, and TupeloLife.

Commenting on the report, an analyst from the research team said: “One trend in the market is increasing number of regulatory approvals. There is an increasing trend of regulatory approvals for connected medical devices. In July 2016, Medtronic received the CE Marking approval for its Guardian Connect (smartphone-enabled continuous glucose monitoring (CGM) system) for people using insulin injection therapy for diabetes. In June 2016, Withings (acquired by Nokia) received the FDA 510(k) clearance for its Withings Thermo (now known as Thermo), which is a WiFi-enabled thermometer.”

According to the report, one driver in the market is rising prevalence of chronic diseases. The increasing global prevalence of chronic diseases such as hypertension, diabetes, CVDs and their related risk factors such as obesity, sleep apnea, chronic respiratory diseases such as asthma and chronic pain conditions is estimated to increase the demand for connected medical devices for efficient disease management. CVDs are estimated to cause approximately 19 million deaths globally by 2020. According to eurostat, in 2013, there were nearly 1.9 million deaths resulting from CVDs in the EU. According to the CDC, approximately 610,000 people die of heart diseases in the US every year.

Further, the report states that one challenge in the market is high cost of connected medical devices. The cost of medical devices such as imaging equipment including MRI, CT, and X-ray systems equipped with connectivity features is significantly high. For instance, the cost of installing a simple PACS system for a small practice can cost around $4,000-$6,000 while a complex system for a large healthcare facility can cost more than $90,000. Hospitals adopting connected medical imaging equipment also need to bear several other additional costs such as maintenance costs and infrastructural costs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Fitbit
  • GE Healthcare
  • Medtronic
  • OMRON Corporation
  • Philips Healthcare
  • Abbott
  • AgaMatrix
  • Boston Scientific Corporation
  • Dexcom
  • F. Hoffmann-La Roche
  • Garmin
  • iHealth Labs (subsidiary of Andon Health)
  • Jawbone
  • Johnson & Johnson
  • LabStyle Innovations
  • LifeWatch
  • McKesson Corporation
  • Nokia
  • Polar Electro
  • True Wearables
  • TupeloLife
Note: Product cover images may vary from those shown
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