Showing posts with label Connected Medical Devices by Product. Show all posts
Showing posts with label Connected Medical Devices by Product. Show all posts

Friday, July 29, 2022

An Increasing Shift towards Better-Orchestrated Care in the Home Care Settings Will Boost the Market for Connected Medical Devices in North America: Ken Research

north-america-connected-medical-devices-industry

 

  • As healthcare agencies cite the need for moving more and more patients to secure home care settings and reduce the burden on traditional healthcare facilities, the demand for connected medical devices is witnessing a rise in North America.
  • Precise and data-based clinical guidance, qualities that connected medical devices equip the healthcare providers with, is resulting in faster and efficient care. The scope of containing the cost of care through these devices is leading smaller facilities, such as specialty clinics and ambulatory surgical centers to adopt these devices in North America.
  • The traceability features that these devices come with is also helping in the treatment of aging people. Moreover, the rising numbers of health-conscious people is also boosting the demand for these devices that help to keep vital health parameters under control.

The Need for Moving More Patients to Secure Home Care Settings: Traditional healthcare facilities, such as hospitals and nursing homes, is fast becoming overburdened in terms of serving patients through their existing infrastructure, especially in the wake of the pandemic. Treating patients in a secure and well-monitored home care setting is becoming vital for many in North America. Connected medical devices help keep continuous track on patients recovering at home and also ensures timely delivery of care through their real-time alerting systems.

Faster, Efficient and Cost-Effective Delivery of Care: Connected medical devices offer better clinical guidance by unlocking large siloes of critical patient data. The use of AI and even block chain technology in some cases help care providers equip healthcare providers with precision and accuracy in their identification and diagnosis of conditions. Moreover, the use of connected technology help deliver services faster and contain the cost.

The Use of Connected Medical Devices in Keeping Vital Health Parameters in Check: Especially after the Covid pandemic, people have become more aware about keeping their vital health parameters under control. Increased health awareness is driving the growth in wearable health trackers and connected monitoring devices to keep a check on glucose levels, blood pressure, heart rate, etc.

Analysts at Ken Research in their latest publication North America Connected Medical Devices Market Outlook and Forecast to 2027 – Driven by Rising Consumer Awareness, Prevalence of Chronic Diseases, and Cost-containment of Connected Medical Devicesbelieve that the Connected Medical Devices market is expected to grow due to many benefits offered by these devices, including faster and efficient delivery of care at a lower cost, the scope of offering improved healthcare services in home care settings and the provisions of keeping vital health parameters in check with real-time monitoring and alerting systems. 

Key Segments Covered in North America Connected Medical Devices Market:-

North America Connected Medical Devices Market By Components

Medical devices

System and Software

Connectivity Technology

Services

North America Connected Medical Devices Market By Application

Consultation and Diagnosis Services

Treatment Services

Remote Monitoring

Fitness

Wellness Services

North America Connected Medical Devices Market By Product/ Solution

Diagnostic Imaging

Consumables

Patient Aids

Orthopedic and Prosthetic

Dental Products

Other Medical Equipment

To learn more about this study - Request for Free Sample Report

North America Connected Medical Devices Market By Type of End User Industry

Hospitals

Nursing Homes

Pathological Labs

Specialty Clinics

Ambulatory Surgical Centers

Home Care Settings and Monitoring

North America Connected Medical Devices Market By Geography and Major Countries

U.S.

Canada

Mexico

Key Target Audience:-

Connected Medical Devices Manufacturers

Connected Medical Device Product Assemblers

Connected Medical Device Developers

Connected Medical Device Raw Materials Suppliers

Connected Medical Device Components Suppliers

Value-Added Resellers (VARs)

Potential Investors in Connected Medical Device Companies

Distributors and Retailers of Connected Medical Devices

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned:-

Key Competitors in North America Connected Medical Devices Market

Abbott Laboratories

Boston Scientific Corporation

Medtronic.

Philips Corporation

Stryker

NXP Semiconductors

Honeywell

Baxter

GE Healthcare

Beckton, Dickinson and Company (BD)

Masimo Corporation

Drager

To learn more about this study - Request for Free Sample Report

Emerging Connected Medical Devices Companies in North America

Bright Uro

Zeta Surgical

Biomotum, INC

Puzzle Medical Devices

Arma Biosciences

Repare Therapeutics

ECGlove

MediQo

Key Topics Covered in the Report:-

Snapshot of North America Connected Medical Devices Industry

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Connected Medical Devices Market

Historic Growth of Overall North America Connected Medical Devices Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Connected Medical Devices Industry

Overview, Product Offerings and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Connected Medical Devices Market

Future Market Forecast and Growth Rates of the Total North America Connected Medical Devices Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Connected Medical Devices Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Connected Medical Devices Companies within Each Major Country

Connected Medical Devices Market

Connected Medical Devices by Market

Connected Medical Devices by Product

Connected Medical Devices by Application

Connected Medical Devices by Components

Connected Medical Devices by End-user

U.S. Connected Medical Devices Market

Canada Connected Medical Devices Market

Mexico Connected Medical Devices Market

Honeywell International Connected Medical Devices Market

Stryker Connected Medical Devices Market

Boston Scientific Corporation Connected Medical Devices Market

Connected Medical Devices by Product in North America

Diagnostic Imaging Medical Devices in North America

North America Diagnostic Imaging Medical Devices Market

North America Dental Products Medical Device Market

Other Medical Equipment Connected Medical Device in North America

North America Other Medical Equipment Connected Medical Devices Market

North America Connected Medical Devices Component Market

For more information on the research report, refer to below link:-

North America Connected Medical Devices Market

Related Reports:

Philippines Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment

The Philippines Market Device Industry was valued at PHP ~ million in 2015 and registered a positive growth during the review period of 2015-2020 reaching to a value of PHP ~ in 2020. The market is currently in Growth Stage, with an increase in number of hospitals, high prevalence of chronic diseases, rising instances of heart and kidney failures, expanding elderly population, awareness towards health checkups, incoming of medical tourism and onset of COVID-19 pandemic as some of the key drivers for the market. Medical Device Industry in the Philippines is currently import oriented, especially for highly technological machineries such as Diagnostic Imaging, Cardiac Devices, Respiratory products and others. Current demand reflects healthcare requirements for growing incidence of hypertension, diabetes/kidney diseases, TB/respiratory ailments, cancer, and some incidence of HIV/AIDS.

Singapore Medical Devices Market Outlook to 2022 - By Type of Medical Device (Consumables, Diagnostic Imaging, Patient Aids, Orthopedic & Prosthetics, Dental Products And Others)

Singapore Medical device revenue increased at a double digit CAGR during 2012-2017. The market is in the growing stage with rise in number of foreign players. This was driven by expansion of healthcare institutions and increased demand for home care devices such as Elderly Care -Monitoring Systems (sensors at home, applications, and wearable devices). Singaporeans’ strong demand for better healthcare creates an excellent market for foreign medical device companies, who supply more than 85% of the country’s devices. Leading importers include the US, Germany and Japan. At present, more than 60% of products imported into Singapore are subsequently re-exported.

Vietnam Medical Devices Market Outlook to 2022 - By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids And Other Medical Devices)

Vietnam medical devices market recorded growth at a CAGR of ~% during 2012-2017, driven by liberal import policies, and surge in Orthopedic and Prosthetic medical equipments. Increase in investments in public healthcare facilities and tax exemption for newly established private healthcare providers increased the demand for medical devices. With a need to improve healthcare services in Vietnam, healthcare providers are focusing on using advanced technological medical equipments which will help in early detection of diseases and increase pace in diagnosis and recovery timelines.

Indonesia Medical Devices Market Outlook to 2022 - By Medical Consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices, By Imports & Domestic Production

Indonesia Medical device revenue increased from USD ~ billion in 2012 to USD ~ billion in 2017 at a CAGR of ~%. The market is in the growing stage with a rise in a number of foreign players. The market is almost entirely import driven. There were ~ medical device distributors and ~medical device production units in Indonesia as of 2015. The growing number of hospitals or other health centers in Indonesia has led to the rising demand for medical equipment. Indonesia's medical device market is highly regulated with stringent import regulations even though it heavily relies on imports. This is due to a lack of established local manufacturers. The demand has increased majorly for diagnostic imaging, medical consumables, aesthetic, orthopedic and dental products. This is driven by increased healthcare spending and raising awareness of different treatment methods.

UAE Medical Devices Market Outlook to 2025: Driven by technological advancement, increase in the aging population and rise in the prevalence of chronic diseases in the country

UAE is the fourth largest medical device market in the Middle East and Africa region, growing @8.7% CAGR in 2015-2020. It is a highly price sensitive and import dependent market with advanced medical devices imported from countries such as US, Germany, Japan and China and local production limited to prototype units, spare parts and disposables such as surgical gloves, syringes, and needles. UAE’s increasing budget allocation for the healthcare sector and ongoing healthcare development projects has played a pivotal role in the continued growth.

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Frequently Asked Questions:-

What is the Study Period of this Market Report?

The North America Connected Medical Devices Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.

What is the Future Growth Rate of North America Connected Medical Devices Market?

The North America Connected Medical Devices Market is expected to witness a CAGR of about 8% over the next 5 years.

What are the Key Factors Driving the North America Connected Medical Devices Market?

Shift Towards Homecare Settings and Rising Prevalence of Chronic Diseases are expected to be the primary drivers of this market.

Which is the Fastest Growing Application Segment within the North America Connected Medical Devices Market?

Remote Monitoring is the fastest growing application segment within the North America Connected Medical Devices Market.

Who are the Key Players in North America Connected Medical Devices Market?

Abbott Laboratories, Boston Scientific Corporation, Medtronic, Philips Corporation, Stryker, NXP Semiconductors, Honeywell, Baxter, GE Healthcare, Becton, Dickinson and Company (BD), Masimo Corporation and Drager are the major companies operating in North America Wearable Electronics Market.

Wednesday, July 6, 2022

North America Connected Medical Devices Market Outlook and Forecast to 2027: Ken Research

 The report titled publication North America Connected Medical Devices Market Outlook and Forecast to 2027 - Driven by Rising Consumer Awareness, Prevalence of Chronic Diseases, and Cost-containment of Connected Medical Devicesprovides a comprehensive analysis of the North America Connected Medical Devices Market. The report provides industry size basis revenue and value chain analysis, market segmentations based on Component, Application, Products/Solution, End user industries, competition benchmarking, COVID impact, future projections and trends, drivers & challenges.  It also provides the market by Revenue of the major countries in the North America region and also provides the country level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.

To learn more about this study - Request for Free Sample Report

North America Connected Medical Devices Market Outlook, Drivers and Challenges

The Connected Medical Devices Market in North America is expected to witness moderate growth over the next five years, primarily driven by the need for remote monitoring of patients going through recovery in the home care settings, adoption of technology by not only larger institutional care providers, such as hospitals and nursing homes, but specialty clinics, pathological labs and ambulatory surgical centers, and the increase of connectivity penetration in making medical devices more efficient, fast and data-driven.

The increasing prevalence of chronic conditions and treatments for patients suffering from these diseases is putting enormous pressure on the health systems of various countries. Resultantly, players active in the market are actively investing in research  & development of advanced and easy to use medical devices to treat chronic disorders, citing efforts by health care agencies to move more and more patients to home care settings. The increasing demand for quality healthcare services for the aging population is also driving the need for connected, remote monitoring solutions and trackable devices.

The spread of technology in healthcare, such as the use of AI-based solutions, robotic systems, block chain technology, is helping mitigate the risk of human of error in healthcare procedures and making identification of serious conditions more accurate and timely. It is why smaller centres of healthcare delivery, such as ambulatory surgical centres are becoming more and more inclined towards connected medical devices.

High deployment cost, data security and integrity issues and ensuring regulatory compliance emerge to be the major challenges in this market. The cost of interoperability and connectivity solutions for various medical devices is quite high. The increasing use of automated technologies such as EHR, health care integration and health information exchange have also resulted in concerns over the security of proprietary data and applications. Stringent regulations, traceability and safety are also major concerns for a medical device manufacturer.

To learn more about this study - Request for Free Sample Report

Key Segments Covered in North America Connected Medical Devices Market:-

North America Connected Medical Devices Market By Components

Medical devices

System and Software

Connectivity Technology

Services

North America Connected Medical Devices Market By Application

Consultation and Diagnosis Services

Treatment Services

Remote Monitoring

Fitness

Wellness Services

North America Connected Medical Devices Market By Product/ Solution

Diagnostic Imaging

Consumables

Patient Aids

Orthopedic and Prosthetic

Dental Products

Other Medical Equipment

North America Connected Medical Devices Market By Type of End User Industry

Hospitals

Nursing Homes

Pathological Labs

Specialty Clinics

Ambulatory Surgical Centers

Home Care Settings and Monitoring

North America Connected Medical Devices Market By Geography and Major Countries

U.S.

Canada

Mexico

Key Target Audience:-

Connected Medical Devices Manufacturers

Connected Medical Device Product Assemblers

Connected Medical Device Developers

Connected Medical Device Raw Materials Suppliers

Connected Medical Device Components Suppliers

Value-Added Resellers (VARs)

Potential Investors in Connected Medical Device Companies

Distributors and Retailers of Connected Medical Devices

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned:-

Key Competitors in North America Connected Medical Devices Market

Abbott Laboratories

Boston Scientific Corporation

Medtronic.

Philips Corporation

Stryker

NXP Semiconductors

Honeywell

Baxter

GE Healthcare

Beckton, Dickinson and Company (BD)

Masimo Corporation

Drager

Emerging Connected Medical Devices Companies in North America

Bright Uro

Zeta Surgical

Biomotum, INC

Puzzle Medical Devices

Arma Biosciences

Repare Therapeutics

ECGlove

MediQo

Key Topics Covered in the Report:-

Snapshot of North America Connected Medical Devices Industry

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Connected Medical Devices Market  

Historic Growth of Overall North America Connected Medical Devices Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Connected Medical Devices Industry

Overview, Product Offerings and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Connected Medical Devices Market

Future Market Forecast and Growth Rates of the Total North America Connected Medical Devices Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Connected Medical Devices Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Connected Medical Devices Companies within Each Major Country

For more information on the research report, refer to below link:-

North America Connected Medical Devices Market

Related Reports:

Philippines Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment

Singapore Medical Devices Market Outlook to 2022 - By Type of Medical Device (Consumables, Diagnostic Imaging, Patient Aids, Orthopedic & Prosthetics, Dental Products And Others)

Vietnam Medical Devices Market Outlook to 2022 - By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids And Other Medical Devices)

Indonesia Medical Devices Market Outlook to 2022 - By Medical Consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices, By Imports & Domestic Production

UAE Medical Devices Market Outlook to 2025: Driven by technological advancement, increase in the aging population and rise in the prevalence of chronic diseases in the country

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Frequently Asked Questions:

What is the Study Period of this Market Report?

The North America Connected Medical Devices Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.

What is the Future Growth Rate of North America Connected Medical Devices Market?

The North America Connected Medical Devices Market is expected to witness a CAGR of about 8% over the next 5 years.

What are the Key Factors Driving the North America Connected Medical Devices Market?

Shift Towards Homecare Settings and Rising Prevalence of Chronic Diseases are expected to be the primary drivers of this market.

Which is the Fastest Growing Application Segment within the North America Connected Medical Devices Market?

Remote Monitoring is the fastest growing application segment within the North America Connected Medical Devices Market.

Who are the Key Players in North America Connected Medical Devices Market?

Abbott Laboratories, Boston Scientific Corporation, Medtronic, Philips Corporation, Stryker, NXP Semiconductors, Honeywell, Baxter, GE Healthcare, Becton, Dickinson and Company (BD), Masimo Corporation and Drager are the major companies operating in North America Wearable Electronics Market.