Market Overview
Medical devices entail of instruments, apparatus, machine, implants, invitro reagents among others that is envisioned for usage in the diagnosis or other conditions. These devices are also utilized in the procedure of cure, treatment or preclusion of disease in man or other animals. Large- and small-scale medical device companies play a role in the progress of new medical devices. Start-up companies that advance auspicious new products are often attained by one of the large medical device companies. Thus, due to these developments medical device industry is predictable to witness a momentous growth in the upcoming years.
Report Analysis
According to the report analysis, ‘US Connected Medical Devices Market Outlook and Forecast to 2027 - Driven by Rising Consumer Awareness, Prevalence of Chronic Diseases, and Cost-containment of Connected Medical Devices’ states that the Connected Medical Devices Market in US is predicted to observe moderate growth over the next five years, commonly driven by the requirement for remote monitoring of patients going through retrieval in the home care settings, implementation of technology by not only greater institutional care providers, such as hospitals and nursing homes, but sphere clinics, pathological labs and ambulatory surgical centres, and the augment of connectivity penetration in making medical devices more proficient, fast and data-driven.
US Connected Medical Devices MarketTrends and Opportunities
The effective growth in prevalence of chronic conditions and treatments for patients suffering from these diseases is putting massive pressure on the health systems of several countries. Resultantly, players active in the market are aggressively investing in research & development of improved and easy to utilize the medical devices to treat chronic syndromes, citing efforts by the health care agencies to move more and more patients to home care settings. The growing requirement for quality healthcare services for the aging population is also propelling the requirement for connected, remote monitoring solutions and trackable devices.
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The spread of technology in healthcare, such as the usage of AI-based solutions, robotic systems, block chain technology, is assisting mitigate the perils of human of error in healthcare processes and making identification of serious conditions more precise and timelier. It is why slighter centres of healthcare delivery, such as ambulatory surgical centres are becoming more and more persuaded towards connected medical devices.
High deployment cost, data security and integrity issues and confirming regulatory compliance emerge to be the foremost challenges in US Connected Medical Devices industry. The cost of interoperability and connectivity solutions for several medical devices is quite high. The growing use of automated technologies likewise EHR, health care integration and health information exchange have also resulted in concerns over the security of the proprietary data and applications. Stringent regulations, traceability and safety are also foremost concerns for a medical device producer.
Regional Insights
The existence of the favourable and adequate reimbursement policies, a well-developed healthcare infrastructure, speedy implementation of medical technologies, and key players in the region are foremost aspects commonly accountable for its dominance. This is further developed by the growing number of patients undergoing diagnosis and treatment in the US region, due to growing incidence and prevalence of the chronic situations.
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
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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: -
US Connected Medical Devices Industry
Related Reports by Ken Research: -
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