How big is the Connected Medical Device Market?

The Connected Medical Device Market size is expected to reach USD 66.09 billion in 2024 and grow at a CAGR of 14.98% to reach USD 132.81 billion by 2029. Read More

What is the current Connected Medical Device Market size?

In 2024, the Connected Medical Device Market size is expected to reach USD 66.09 billion. Read More

Who are the key players in Connected Medical Device Market?

https://www.gehealthcare.com/, https://www.honeywell.com/us/en, https://www.medtronic.com/us-en/index.html, https://www.abbott.com/ and https://www.philips.com/global are the major companies operating in the Connected Medical Device Market. Read More

Which is the fastest growing region in Connected Medical Device Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Connected Medical Device Market?

In 2024, the North America accounts for the largest market share in Connected Medical Device Market. Read More

What years does this Connected Medical Device Market cover, and what was the market size in 2023?

In 2023, the Connected Medical Device Market size was estimated at USD 57.48 billion. The report covers the Connected Medical Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Connected Medical Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Connected Medical Device Market Report | Industry Analysis, Size & Forecast

Connected Medical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Connected Medical Devices Manufacturers and the Market is segmented by Application (Consumer (Patient) Monitoring, Wearable Devices, Internally Embedded Devices, and Stationary Devices) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are in terms of value (USD million) for all the above segments.

Connected Medical Devices Industry Overview

The Connected Medical Device Market mainly comprises multiple domestic and international players in a fragmented and highly competitive environment. Technological enhancements in the market also bring companies a wide range of sustainable competitive advantages. The market is also witnessing multiple partnerships, mergers, and other strategic moves by the service providers.

October 2022 - Royal Philips announced the expanded introduction of its augmented reality (AR) surgical navigation solution, ClarifEye, in Japan. It is based on the positive results in the initial patients treated at the IUHW (International University of Health and Welfare), Mita Hospital (in Tokyo, Japan) leveraging the innovative 3D AR solution. ClarifEye assisted the hospital's orthopedic surgeon, Dr. Ken Ishii, in successfully treating patients with scoliosis (sideways curvature of the spine) and spinal stenosis (narrowing of the spaces in the spine) through minimally-invasive image-guided procedures.

June 2022 - GE Healthcare unveiled Portrait Mobile3, a wireless patient monitoring system that enabled continuous monitoring throughout a patient's stay, omitting broadly popular manual 'spot-checks' to monitor patient vitals. The system helped clinicians detect patient deterioration. The early detection of patient deterioration might help reduce Intensive Care Unit (ICU) admissions and length of stay, improving patient outcomes. The solution included patient-worn wireless sensors which communicated with a mobile monitor.