Future Directions for IoT Medical Devices Market : Technology and Product Development
The latest research report by Emergen Research, named ‘Global IoT Medical Devices Market – Forecast to 2030. The coronavirus outbreak has led to drastic changes in the current IoT Medical Devices Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the IoT Medical Devices Market growth assessed on both regional and global levels.
The global IoT Medical Devices Market is forecasted to be worth USD 161.73 Billion by 2027, according to a current analysis by Emergen Research. The market is expected to witness substantial growth due to the initiatives taken by the government to promote digital health. IoT services are used remote health monitoring and emergency notification system.
Technological advancement and rise in the geriatric population, along with the growth in the persistent disease, are impacting the demand for the IoT medical devices market. Moreover, the reduction in the duration of room stay has further fuelled the demand for the IoT medical devices market. Market players are initiating novel and innovative software programs to address market issues.
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Covid 19 impact analysis :
The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall IoT Medical Devices Market industry.The current COVID-19 pandemic is expected to have an effect on the growth of the IoT Medical Devices Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns.
Some major players included in the global IoT Medical Devices Market report are:
GE Healthcare, Medtronic, Abbott Laboratories, Siemens, Johnson & Johnson, Boston Scientific, Philips Healthcare, Honeywell Life Care Solutions, Omron, and Biotronik, among others.
Radical Highlights of the IoT Medical Devices Market Report:
- Impact of the technological developments and R&D advancements on the IoT Medical Devices Market market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Comprehensive overview of the IoT Medical Devices Market market along with analysis of the changing dynamics of the market
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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IoT Medical Devices Market Segmentation:
For the purpose of this report, Emergen Research has segmented into the global IoT Medical Devices Market on the basis of product, type, connectivity technology, end-user, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Vital Signs Monitoring Devices
- Blood Pressure Monitors
- Blood Glucose Monitors
- ECG/Heart Rate Monitors
- Oximeters
- Multiparameter Monitors
- Respiratory Devices
- Fetal Monitoring Devices
- Neurological Devices
- Implantable Cardiac Devices
- Implantable Cardioverter Defibrillators
- Implantable Cardiac Monitors
- Pacemakers
- Hearing Devices
- Anesthesia Machines
- Patient Monitors
- Ventilators
- Imaging Systems
- Infusion Pumps
- Other Products
Type Outlook (Revenue, USD Billion; 2017-2027)
- Wearable Medical Devices
- Implantable Medical Devices
- Stationary Medical Devices
- Other IoT Medical Devices
Connectivity Technology Outlook (Revenue, USD Billion; 2017-2027)
- Bluetooth
- Wi-Fi
- ZigBee
- Near Field Communication (NFC)
- Other Connectivity Technologies
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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