What Is the Size of North America Connected Medical Devices Industry?
North
America Connected Medical Devices market is growing at a CAGR of ~%
in 2017-2021P and is expected to reach ~USD Bn by 2027F.
The major drivers for the increase in the use of Connected Medical
Devices in North America is rising consumer awareness about the benefits of
recovery in home care setting and remote monitoring of recovery. The rise in
chronic diseases is also driving people towards the adoption of health trackers
connected with handheld user interface, equipped with real-time alert systems.
The cost-efficiency that these devices bring through their precision and
accuracy is also attracting relatively smaller care providers, such as
specialty clinics and pathological labs to invest in these devices.
Hospitals and Nursing Homes are fast becoming overburdened, capacity- wise, owing to the rise in chronic diseases.
The pressure on these healthcare facilities has become even more evident in the
aftermath of the outbreak of the Covid-19 pandemic.
As more and more people become
conscious about their health, they are taking help of devices to keep their
vital health parameters, such as glucose levels, BP levels and heart rates,
under control. Taking care of the aging population or patients recovering at
home has also become easier due to these devices. The use of data to better
guide clinical decisions, the use of AI and similar advanced technology also
help the connected medical devices market to grow and deliver care at a lower
cost, with improved precision and accuracy.
The connectivity technology segment in North America Connected Medical
Devices market is growing at a CAGR of ~% in 2017-2021 and is expected to reach
~USD Bn by 2027F. The growth is majorly attributed to the growing need for
transmission speed for faster delivery of care.
To learn
more about this study - Request for Free Sample Report
Following the connectivity technology component, the services component
will also grow as there will be increasing need for the maintenance of these high-performance
devices. The advent of new technologies will also lead to upgrades in the
devices that will be carried out by the servicing teams in frequent intervals.
Growth in medical devices and related system and software will be driven
by new innovations. Artificial intelligence, robotics, and similar technologies
are increasingly getting incorporated into the production of these devices. Following
the advent of new devices, systems and software will witness upgrades and
improvements.
North America Connected Medical Devices market by applications
The North America remote monitoring market for connected medical devices is
growing at a fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn
by 2027F. The increase in the need for remote monitoring are driven by many
factors, including the convenience of getting recovered in the comfort of home
settings and related cost benefits.
Rising awareness towards a healthy lifestyle is also driving growth in
fitness and wellness services application areas. More and more consumers are
purchasing wearable health trackers, connected to a handheld user interface.
These devices are helping them to better gauge their vitals and real-time alert
systems installed in these devices are helping in timely delivery of critical
care. Consultation and diagnosis services and treatment services are
traditional application areas of high-performance medical devices. Connectivity
technologies are helping these devices become more accurate and precise. The
way these devices leverage data also help taking better clinical decisions in a
shorter time.
North America Connected Medical Devices Market By Products
The Diagnostic Imaging products segment in North America connected
medical devices market is growing at a CAGR of ~% in 2017-2021 and is expected
to reach ~USD Bn by 2027F. The growth is majorly attributed by the emergence of
a variety of innovative devices in the areas of MRI, CT scan, X-Ray
technologies, etc.
The increasing use of connected medical devices in joint and knee
replacement surgeries and reconstructive surgeries is also helping the market
to grow in the orthopedics and prosthetics product segment. Patient aids such
as pulse oximeters, infusion pumps, blood pressure monitors are also growing as
a product segment as a result of increasing remote monitoring needs. The use of
connectivity technology in areas such as dental endoscopy, vision
magnification, etc. is also helping dental products as a segment to grow.
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
To learn
more about this study - Request for Free Sample Report
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
To learn
more about this study - Request for Free Sample Report
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:
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.
