IoT Medical Devices Market

IoT Medical Devices Market by Product (Wearable (Vital Sign (BP, Glucose, ECG, Oximeter), Respiratory, Fetal), Implant (Neuro, Cardiac-Defib, Pacemakers) Pumps), Connectivity (Bluetooth, WiFi), End User (Hospital, Nursing Home) & Region - Global Forecast to 2028

Report Code: HIT 6543 Aug, 2023, by marketsandmarkets.com

The global IoT medical devices market in terms of revenue was estimated to be worth $41.5 billion in 2023 and is poised to reach $166.5 billion by 2028, growing at a CAGR of 32.1% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The market for IoT medical devices refers to the segment of the healthcare industry that encompasses interconnected medical devices, equipment, and systems enabled by the Internet of Things (IoT) technology. These devices are designed to collect, transmit, and analyze real-time patient data, enabling remote monitoring, diagnostics, treatment, and improved patient care. IoT medical devices include a wide range of products such as wearable devices, smart implants, remote monitoring systems, connected sensors, and health tracking applications. These devices can be used in various healthcare settings, including hospitals, clinics, nursing homes, and even in patient's homes.

Other factors driving market growth include the government initiatives for promoting digital health, growing need for cost containment in healthcare delivery, rising focus on active patient engagement and patient centric health care, evolution of high-speed networking technologies and increasing penetration of mobile platforms in healthcare, and growing focus on patient safety are expected to drive the growth of this market during the forecast period. However, high deployment cost of connected medical devices and the associated infrastructure and insufficient IoT technology skills across healthcare organizations, are expected to restrain market growth to a certain extent.

loT Medical Devices Market

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loT Medical Devices Market

IoT Medical Devices Market Dynamics

Driver: The advancement of high-speed networking technologies and the growing prevalence of mobile platforms in the healthcare industry

The healthcare industry has witnessed a multitude of new care options due to the availability of high-speed network connectivity. These options include remote consultation and monitoring, virtual health kiosks and portals, video conferencing for consultations, and electronic personal health records. With the help of small and powerful wireless solutions connected through IoT, it is now feasible to remotely monitor and provide advice to patients. Additionally, these solutions can securely capture patient health data from various sensors, apply complex algorithms for analysis, and transmit the information wirelessly to medical professionals. Wireless networking eliminates the limitations of traditional wired solutions and enables devices to connect via popular wireless standards such as BLE for personal area networks (PAN) and Wi-Fi & BLE for local area networks (LAN) in clinics or hospitals. IoT medical devices can be controlled and accessed through cellular networks (3G/4G/5G), Bluetooth, ZigBee, and other protocols.

The adoption of 3G, 4G, and 5G networks has significantly facilitated uninterrupted healthcare services. China leads in terms of 5G penetration, while South Korea and Japan have the highest penetration of 4G, according to Statista. Global 5G mobile subscriptions are projected to exceed 2.7 billion by 2025, with Northeast Asia, North America, and Western Europe having the largest subscriber base. Furthermore, 4G network traffic witnessed a growth of 39% in 2021, as reported by CLSA. India's 4G subscriber base also grew from 645 million in 2020 to 710-720 million in 2021 and is anticipated to surpass 800 million by March 2022, according to Crisil. The widespread and expanding presence of high-speed telecommunication networks in both developed and developing countries has played a pivotal role in driving the adoption of connected medical devices.

According to the Global System for Mobile Communications (GSMA), global smartphone adoption, as a percentage of mobile connections, reached 67% by the end of 2020 and is projected to reach 70% by 2025. By the end of 2022, global mobile service subscriptions surpassed 5.4 billion, with 4.4 billion individuals using mobile internet. The gap in mobile internet usage has significantly narrowed, decreasing from 50% in 2017 to an average of 41% in 2022. Additionally, smartphones, tablet PCs, and PDAs serve as the primary means of internet connectivity in developed and developing regions. These trends indicate favorable conditions for market growth, as the utilization of mobile platforms and high-speed mobile network technologies continues to rise.

Restraint: Lack of adequate IoT technology expertise within healthcare organizations

Managing connected medical devices requires a distinct skill set compared to managing on-premise infrastructure. It necessitates a comprehensive understanding of data collection, interoperability, integration, and analysis. As the number of IoT devices integrated into networks continues to rise, network management is expected to become increasingly complex and challenging for IT teams.

The effective utilization of IoT-enabled medical devices relies on robust IT infrastructure and support within healthcare organizations and from solution providers. Healthcare organizations require continuous technical assistance to maintain servers, networks, ensure smooth workflows, and achieve optimal interfacing speed. However, there is currently a significant shortage of healthcare IT (HCIT) professionals in both developing and major markets. The American Association of Medical Colleges (AAMC) projects a shortage of up to 122,000 physicians by 2032. Similarly, Canada is experiencing a shortage of IT specialists in healthcare systems, with 79% of current clinical IT workers requiring additional training. This shortage of trained and skilled workforce acts as a barrier to the widespread adoption and implementation of IoT-enabled medical devices in numerous healthcare facilities.

Opportunity: Increased reliance on self-operated eHealth platforms due to low doctor-to-patient ratio

Many countries worldwide suffer from a low doctor-to-patient ratio. The World Health Statistics report of 2020 reveals that approximately 40% of countries have less than one physician per 1,000 people, along with less than 18 hospital beds per 10,000 people. Additionally, there is a significant disparity between healthcare access in developed and developing markets. For example, developing countries in the APAC and Africa regions exhibit considerably lower densities of hospital beds, physicians, nurses, and midwives per 10,000 people compared to developed countries in North America and Europe (Source: WHO).

The World Health Organization (WHO) sets the global standard doctor-to-patient ratio at 1:1,000. However, numerous countries fall below this standard, resulting in patients experiencing difficulties in accessing adequate medical care due to a shortage of skilled doctors.

Nevertheless, mobile and telehealth technologies have emerged as effective solutions in recent years to address these challenges. By providing patients and healthcare providers with access to comprehensive and accurate Electronic Health Records (EHRs) that contain detailed patient illness histories, improved clinical outcomes and proper care can be ensured. These records have the potential to enhance diagnosis, prevent errors, save time, and reduce waiting times for patients. Consequently, the low doctor-to-patient ratio, particularly in developing countries, is expected to drive the adoption of connected mobile health devices.

Challenge: Concerns regarding data management and interoperability

The healthcare industry operates in an information-intensive environment where a substantial amount of data is generated continuously from numerous connected medical devices used in various healthcare facilities and remote patient monitoring. However, the key lies in generating reliable information by effectively integrating this vast volume of data to create comprehensive and accurate patient records. Given the use of diverse medical devices and diagnostic tools within healthcare systems, there is a growing need to integrate these systems to ensure healthcare professionals can respond promptly at different points of care delivery.

Many healthcare organizations have made investments in information management applications capable of analyzing and managing data generated by imaging systems, remote patient monitoring systems, and wearable medical devices. As healthcare organizations increasingly adopt various healthcare IT (HCIT) solutions, there is a heightened demand for integrating different information technology systems into the organization's IT architecture to maximize their utilization.

Nevertheless, connecting or integrating new interoperable solutions with existing legacy systems poses challenges for market players. Due to disparities in data communication standards, many medical devices are unable to exchange data with various information systems that employ vendor-specific interface formats. While some companies have started launching compatible systems to address software-interface issues, the situation is further complicated by the requirements and efforts necessary to enable cloud and mobile networks. Consequently, the lack of standard interfaces and interoperability presents a challenge for IoT medical device vendors as it hampers the effective management and functionality of these devices.

IoT Medical Devices Market Ecosystem

Key stakeholders in the supply chain include prominent companies providing IoT medical devices, small & medium-sized enterprises, manufacturers of IoT medical devices, dealers & distributors (involved in product supply), and end customers (hospitals & clinics, nursing homes, assisted living settings, long-term care centers, and home care settings).

loT Medical Devices Market Ecosystem

Vital signs monitoring devices segment was the fastest growing segment in the product type of IoT medical devices industry in 2022.

Based on product, the IoT medical devices market has been segmented into imaging systems, vital signs monitoring devices, implantable cardiac devices, patient monitors, respiratory devices, infusion pumps, neurological devices, hearing devices, anesthesia machines, fetal monitoring devices, ventilators, and other IoT medical devices (such as medication management devices, activity trackers, fall management devices, weighing scales, body composition, tags, probes, and thermometers). The vital signs monitoring devices segment is expected to grow at the highest CAGR during the forecast period. The high growth of the vital signs monitoring devices segment can be attributed to the increasing prevalence of hypertension, the growing obese population, and the increasing preference for self-health management.

Stationary medical devices segment accounted for the largest share in the IoT medical devices industry in 2022.

Based on the type, the IoT medical devices market has been segmented into wearable medical devices, implantable medical devices, stationary medical devices, and other IoT medical devices (medication management devices, thermometers, infusion pumps, coagulation monitors, digital skin sensors, pedometers, and body composition monitors). The stationary medical devices segment held the largest share of the IoT medical devices market in 2022. This can be attributed to government regulations mandating the use of EHR, the high cost of these devices, and the advantages they offer in data accessibility.

North America accounted for largest share of the IoT medical devices industry during the forecast period.

The global IoT medical devices market is divided into regions, including North America, Europe, the Asia Pacific, the Middle East & Africa, and Latin America. In 2022, the North American segment held the largest share of the IoT medical devices market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The dominant position of North America can be attributed to several factors, such as the widespread use of smartphones, tablets, and other mobile platforms; the increasing adoption of connected devices for managing chronic diseases; the growing development and implementation of Electronic Health Records (EHRs) in healthcare institutions; the rise in government initiatives for digitalizing healthcare services, and the presence of major companies in the region.

loT Medical Devices Market by Region

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The IoT medical devices market key established players include Medtronic (Ireland), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Abbott (US), Boston Scientific Corporation (US), OMRON Corporation (Japan), Baxter International Inc. (US), BIOTRONIK (Germany), Johnson & Johnson Private Limited (US), NIHON KOHDEN CORPORATION (Japan) among others.

Scope of the IoT Medical Devices Industry

Report Metric 

Details 

Market Revenue in 2023

$41.5 billion

Projected Revenue by 2028

$166.5 billion

Revenue Rate

Poised to Grow at a CAGR of 32.1%

Market Driver

The advancement of high-speed networking technologies and the growing prevalence of mobile platforms in the healthcare industry

Market Opportunity

Increased reliance on self-operated eHealth platforms due to low doctor-to-patient ratio

The study categorizes IoT medical devices market to forecast revenue and analyze trends in each of the following submarkets:

By Segment

  • IoT medical devices Market, By Product
    • Introduction
    • Vital signs monitoring system
    • Imaging systems
    • Implantable cardiac devices
    • Patient monitors
    • Respiratory devices
    • Infusion pumps
    • Fetal monitoring devices
    • Neurological devices
    • Ventilators
    • Anesthesia machines
    • Hearing devices
    • Other IoT medical devices
  • IoT medical devices Market, By Type
    • Introduction
    • Stationary medical devices
    • Implantable medical devices
    • Wearable medical devices
    • Other IoT medical devices
  • IoT medical devices Market, By Connectivity Technology
    • Introduction
    • Wi-fi
    • Bluetooth
    • Zigbee
    • Other connectivity technology
  • IoT medical devices Market, By End User
    • Introduction
    • Hospitals & clinics
    • Nursing homes, assisted living facilities, long-term care centers and home care settings
    • Other end users

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest Of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest Of Latin America
  • Middle East & Africa

Recent Developments of IoT Medical Devices Industry

  • In May 2023, Medtronic (Ireland) acquired EOFlow Co. Ltd. (South Korea) to expand the company’s ability to treat patients with diabetes.
  • In April 2023, Koninklijke Philips N.V. (Netherlands) and Northwell Health (US) partnered to assist the health system in standardizing patient monitoring, improving patient care, and improving patient outcomes while promoting interoperability and data innovation.
  • In April 2023, Abbott (US) acquired Cardiovascular Systems, Inc. (CSI) (US) to gains a complementary treatment option for vascular illness. The most advanced atherectomy technology from CSI prepares vessels for angioplasty or stenting to restore blood flow.
  • In March 2023, Advantus Health Partners (US) and GE HealthCare (US) partnered to sign multi-year contract to expand access to Healthcare Technology Management Services.
  • In February 2022, Boston Scientific Corporation (US) acquired Baylis Medical Company Inc. (Canada), a provider of innovative transseptal access solutions as well as guidewires, sheaths, and dilators used in catheter-based left-heart surgeries.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 IOT MEDICAL DEVICES MARKET SEGMENTATION, BY REGION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY 
    1.5 STAKEHOLDERS 
    1.6 RECESSION IMPACT 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DESIGN 
           2.1.1 RESEARCH DATA
                    FIGURE 1 RESEARCH DESIGN
           2.1.2 SECONDARY SOURCES
                    2.1.2.1 Key data from secondary sources
           2.1.3 PRIMARY SOURCES
                    FIGURE 2 PRIMARY SOURCES
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Key industry insights
                                FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION
                                FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, TYPE, AND REGION
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
          FIGURE 6 REVENUE SHARE ANALYSIS FOR IOT MEDICAL DEVICES MARKET
          FIGURE 7 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
          FIGURE 8 CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
          FIGURE 9 BOTTOM-UP APPROACH
          FIGURE 10 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
          FIGURE 11 DATA TRIANGULATION METHODOLOGY
    2.4 LIMITATIONS 
    2.5 MARKET SHARE ANALYSIS 
    2.6 ASSUMPTIONS 
    2.7 RISK ASSESSMENT 
    2.8 RECESSION IMPACT ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 52)
    FIGURE 12 IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2023 VS. 2028 (USD MILLION)
    FIGURE 13 IOT MEDICAL DEVICES MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)
    FIGURE 14 IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2023 VS. 2028 (USD MILLION)
    FIGURE 15 IOT MEDICAL DEVICES MARKET, BY END USER, 2023 VS. 2028 (USD MILLION)
    FIGURE 16 GEOGRAPHICAL SNAPSHOT OF IOT MEDICAL DEVICES MARKET
 
4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 IOT MEDICAL DEVICES MARKET OVERVIEW 
          FIGURE 17 RISING GLOBAL DEMAND FOR REMOTE PATIENT MONITORING TO DRIVE MARKET GROWTH
    4.2 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY TYPE AND COUNTRY 
          FIGURE 18 STATIONARY MEDICAL DEVICES TO COMMAND LARGEST SHARE OF ASIA PACIFIC MARKET IN 2023
    4.3 GEOGRAPHIC SNAPSHOT OF IOT MEDICAL DEVICES MARKET 
          FIGURE 19 MARKET IN CHINA TO RECORD HIGHEST CAGR
    4.4 REGIONAL MIX: IOT MEDICAL DEVICES MARKET 
          FIGURE 20 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
    4.5 IOT MEDICAL DEVICES MARKET: DEVELOPED VS. EMERGING MARKETS 
          FIGURE 21 EMERGING MARKETS TO REGISTER HIGHER GROWTH RATES
 
5 MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 22 IOT MEDICAL DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    TABLE 1 IMPACT ANALYSIS: DRIVERS
                    5.2.1.1 Government initiatives to promote digital health
                    5.2.1.2 Growing need for cost-containment in healthcare delivery
                                FIGURE 23 HEALTHCARE SPENDING, BY COUNTRY, 2020 (% OF GDP)
                    5.2.1.3 Rising focus on patient engagement and patient-centric healthcare
                    5.2.1.4 Evolution of high-speed networking technologies
                                FIGURE 24 NUMBER OF SMARTPHONE USERS, BY COUNTRY, 2022
                    5.2.1.5 Growing focus on patient safety
           5.2.2 RESTRAINTS
                    TABLE 2 IMPACT ANALYSIS: RESTRAINTS
                    5.2.2.1 High deployment cost of connected medical devices
                    5.2.2.2 Lack of skilled IT personnel across healthcare organizations
           5.2.3 OPPORTUNITIES
                    TABLE 3 IMPACT ANALYSIS: OPPORTUNITIES
                    5.2.3.1 Low doctor-to-patient ratio in several countries
           5.2.4 CHALLENGES
                    TABLE 4 IMPACT ANALYSIS: CHALLENGES
                    5.2.4.1 Data security issues
                    5.2.4.2 Concerns related to data management and interoperability
 
6 INDUSTRY INSIGHTS (Page No. - 73)
    6.1 INTRODUCTION 
    6.2 INDUSTRY TRENDS 
           6.2.1 INCREASING NUMBER OF PRODUCT LAUNCHES
                    TABLE 5 RECENTLY LAUNCHED IOT MEDICAL DEVICES
           6.2.2 GROWING INTEGRATION OF CLOUD PLATFORMS AND SAAS IN HEALTHCARE ECOSYSTEM
           6.2.3 INCREASING NUMBER OF COLLABORATIONS TO DRIVE INNOVATION
    6.3 TECHNOLOGY ANALYSIS 
    6.4 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 25 IOT MEDICAL DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS
          TABLE 6 IOT MEDICAL DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.4.1 INTENSITY OF COMPETITIVE RIVALRY
           6.4.2 BARGAINING POWER OF SUPPLIERS
           6.4.3 BARGAINING POWER OF BUYERS
           6.4.4 THREAT OF NEW ENTRANTS
           6.4.5 THREAT OF SUBSTITUTES
    6.5 REGULATORY ANALYSIS 
           6.5.1 NORTH AMERICA
                    6.5.1.1 US
                                TABLE 7 TESTS AND CERTIFICATION REQUIREMENTS FOR WIRELESSLY CONNECTED MEDICAL DEVICES
                                TABLE 8 REGULATIONS AND STANDARDS GOVERNING CONNECTED MEDICAL DEVICES
                    6.5.1.2 Canada
           6.5.2 EUROPE
           6.5.3 ASIA PACIFIC
                    6.5.3.1 Japan
                                TABLE 9 CLASSIFICATION OF MEDICAL DEVICES IN JAPAN
                    6.5.3.2 China
                    6.5.3.3 India
    6.6 VALUE CHAIN ANALYSIS 
          FIGURE 26 VALUE CHAIN ANALYSIS, 2022
    6.7 ECOSYSTEM ANALYSIS 
          FIGURE 27 IOT MEDICAL DEVICES MARKET: ECOSYSTEM
    6.8 PRICING ANALYSIS 
          TABLE 10 AVERAGE SYSTEM COST
    6.9 PATENT ANALYSIS 
          FIGURE 28 NUMBER OF PATENTS PUBLISHED, JANUARY 2013 TO JULY 2023
          FIGURE 29 TOP IOT MEDICAL DEVICES PATENT OWNERS
          TABLE 11 KEY PATENTS IN IOT MEDICAL DEVICES MARKET
    6.10 ADJACENT MARKET ANALYSIS 
    6.11 CASE STUDY ANALYSIS 
    6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                     TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)
           6.12.2 BUYING CRITERIA
                     FIGURE 31 KEY BUYING CRITERIA FOR IOT MEDICAL DEVICES
                     TABLE 13 KEY BUYING CRITERIA FOR IOT MEDICAL DEVICES
    6.13 KEY CONFERENCES AND EVENTS, 2023–2024 
          TABLE 14 IOT MEDICAL DEVICES MARKET: CONFERENCES AND EVENTS
    6.14 TRENDS/DISRUPTIONS IMPACTING BUYERS 
          FIGURE 32 IOT MEDICAL DEVICES MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
 
7 IOT MEDICAL DEVICES MARKET, BY PRODUCT (Page No. - 98)
    7.1 INTRODUCTION 
          TABLE 15 IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
    7.2 VITAL SIGNS MONITORING DEVICES 
          TABLE 16 VITAL SIGNS MONITORING DEVICES: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 17 VITAL SIGNS MONITORING DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.2.1 BLOOD GLUCOSE MONITORS
                    7.2.1.1 Preference for continuous glucose monitoring to drive market
                                TABLE 18 BLOOD GLUCOSE MONITORS OFFERED BY KEY MARKET PLAYERS
                                TABLE 19 BLOOD GLUCOSE MONITORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.2.2 ECG/HEART RATE MONITORS
                    7.2.2.1 Rising incidence of CVD to drive market growth
                                TABLE 20 ECG/HEART RATE MONITORS OFFERED BY KEY MARKET PLAYERS
                                TABLE 21 ECG/HEART RATE MONITORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.2.3 BLOOD PRESSURE MONITORS
                    7.2.3.1 Growing prevalence of hypertension and obesity to fuel market
                                TABLE 22 BLOOD PRESSURE MONITORS OFFERED BY KEY MARKET PLAYERS
                                TABLE 23 BLOOD PRESSURE MONITORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.2.4 MULTIPARAMETER MONITORS
                    7.2.4.1 Rising preference for home care to contribute to demand
                                TABLE 24 MULTIPARAMETER MONITORS OFFERED BY KEY MARKET PLAYERS
                                TABLE 25 MULTIPARAMETER MONITORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.2.5 OXIMETERS
                    7.2.5.1 Increasing focus on self-monitoring to drive market
                                TABLE 26 OXIMETERS OFFERED BY KEY MARKET PLAYERS
                                TABLE 27 OXIMETERS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.3 IMAGING SYSTEMS 
           7.3.1 NEED TO TRANSMIT DATA FOR REMOTE VIEWING TO SUPPORT MARKET GROWTH
                    TABLE 28 IMAGING SYSTEMS OFFERED BY KEY MARKET PLAYERS
                    TABLE 29 IMAGING SYSTEMS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.4 IMPLANTABLE CARDIAC DEVICES 
          TABLE 30 IMPLANTABLE CARDIAC DEVICES: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 31 IMPLANTABLE CARDIAC DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.4.1 IMPLANTABLE CARDIOVERTER-DEFIBRILLATORS
                    7.4.1.1 Growing geriatric population to boost demand
                                TABLE 32 IMPLANTABLE CARDIOVERTER-DEFIBRILLATORS OFFERED BY KEY MARKET PLAYERS
                                TABLE 33 IMPLANTABLE CARDIOVERTER-DEFIBRILLATORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.4.2 PACEMAKERS
                    7.4.2.1 Rising number of cardiac patients to drive demand
                                TABLE 34 PACEMAKERS OFFERED BY KEY MARKET PLAYERS
                                TABLE 35 PACEMAKERS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
           7.4.3 IMPLAN                                TABLE CARDIAC DEVICES
                    7.4.3.1 Ease of remote monitoring to drive demand
                                TABLE 36 IMPLANTABLE CARDIAC DEVICES OFFERED BY KEY MARKET PLAYERS
                                TABLE 37 IMPLANTABLE CARDIAC DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.5 PATIENT MONITORS 
           7.5.1 GROWING ADOPTION TO BOOST MARKET
                    TABLE 38 PATIENT MONITORS OFFERED BY KEY MARKET PLAYERS
                    TABLE 39 PATIENT MONITORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.6 RESPIRATORY DEVICES 
           7.6.1 RISING PREVALENCE OF RESPIRATORY DISORDERS TO DRIVE DEMAND
                    TABLE 40 RESPIRATORY DEVICES OFFERED BY KEY MARKET PLAYERS
                    TABLE 41 RESPIRATORY DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.7 INFUSION PUMPS 
           7.7.1 RISK OF SECURITY BREACHES LIKELY TO IMPACT MARKET GROWTH
                    TABLE 42 INFUSION PUMPS OFFERED BY KEY MARKET PLAYERS
                    TABLE 43 INFUSION PUMPS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.8 FETAL MONITORING DEVICES 
           7.8.1 GROWING EMPHASIS ON FETAL HEALTH TO DRIVE MARKET GROWTH
                    TABLE 44 FETAL MONITORING DEVICES OFFERED BY KEY MARKET PLAYERS
                    TABLE 45 FETAL MONITORING DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.9 NEUROLOGICAL DEVICES 
           7.9.1 TECHNOLOGICAL ADVANCEMENTS TO BOOST MARKET
                    TABLE 46 NEUROLOGICAL DEVICES OFFERED BY KEY MARKET PLAYERS
                    TABLE 47 NEUROLOGICAL DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.10 VENTILATORS 
           7.10.1 HIGH DEMAND FOR INTENSIVE CARE TO DRIVE MARKET GROWTH
                     TABLE 48 VENTILATORS OFFERED BY KEY MARKET PLAYERS
                     TABLE 49 VENTILATORS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.11 ANESTHESIA MACHINES 
           7.11.1 INCREASING NUMBER OF SURGICAL PROCEDURES TO DRIVE MARKET
                     TABLE 50 ANESTHESIA MACHINES OFFERED BY KEY MARKET PLAYERS
                     TABLE 51 ANESTHESIA MACHINES : IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.12 HEARING DEVICES 
           7.12.1 RISING ADOPTION OF ADVANCED AIDS TO BOOST MARKET
                     TABLE 52 HEARING DEVICES OFFERED BY KEY MARKET PLAYERS
                     TABLE 53 HEARING DEVICES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    7.13 OTHER IOT MEDICAL DEVICES 
           TABLE 54 OTHER IOT MEDICAL DEVICES OFFERED BY KEY MARKET PLAYERS
           TABLE 55 OTHER IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
 
8 IOT MEDICAL DEVICES MARKET, BY TYPE (Page No. - 139)
    8.1 INTRODUCTION 
          TABLE 56 IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
    8.2 STATIONARY MEDICAL DEVICES 
           8.2.1 IMPROVED DATA ACCESSIBILITY TO DRIVE DEMAND
                    TABLE 57 MAJOR STATIONARY IOT MEDICAL DEVICES AVAILABLE
                    TABLE 58 STATIONARY IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    8.3 IMPLANTABLE MEDICAL DEVICES 
           8.3.1 INCREASING INCIDENCE OF CVD AND NEUROLOGICAL DISEASES TO DRIVE DEMAND
                    TABLE 59 MAJOR IMPLANTABLE IOT MEDICAL DEVICES AVAILABLE
                    TABLE 60 IMPLANTABLE IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    8.4 WEARABLE MEDICAL DEVICES 
           8.4.1 RISING USE IN HOME CARE SETTINGS TO PROPEL MARKET
                    TABLE 61 MAJOR WEARABLE IOT MEDICAL DEVICES AVAILABLE
                    TABLE 62 WEARABLE IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    8.5 OTHER IOT MEDICAL DEVICES 
          TABLE 63 OTHER IOT MEDICAL DEVICES AVAILABLE
          TABLE 64 OTHER IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
 
9 IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY (Page No. - 150)
    9.1 INTRODUCTION 
          TABLE 65 IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
    9.2 WI-FI 
           9.2.1 ABILITY TO PROVIDE GREATER FLEXIBILITY TO CAREGIVERS TO SUPPORT MARKET GROWTH
                    TABLE 66 WI-FI: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    9.3 BLUETOOTH 
           9.3.1 SEAMLESS CONNECTION BETWEEN WIRELESS DEVICES TO FOSTER ADOPTION
                    TABLE 67 BLUETOOTH: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    9.4 ZIGBEE 
           9.4.1 SECURITY CONCERNS TO LIMIT ADOPTION
                    TABLE 68 ZIGBEE: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
    9.5 OTHER CONNECTIVITY TECHNOLOGIES 
          TABLE 69 OTHER CONNECTIVITY TECHNOLOGIES: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
 
10 IOT MEDICAL DEVICES MARKET, BY END USER (Page No. - 157)
     10.1 INTRODUCTION 
             TABLE 70 IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
     10.2 HOSPITALS & CLINICS 
             10.2.1 NEED TO REDUCE HEALTHCARE COSTS TO DRIVE MARKET
                        TABLE 71 HOSPITALS & CLINICS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
     10.3 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS 
             10.3.1 INCREASING GERIATRIC POPULATION TO CONTRIBUTE TO SEGMENT GROWTH
                        TABLE 72 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
     10.4 OTHER END USERS 
             TABLE 73 OTHER END USERS: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
 
11 IOT MEDICAL DEVICES MARKET, BY REGION (Page No. - 163)
     11.1 INTRODUCTION 
             TABLE 74 IOT MEDICAL DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             FIGURE 33 NORTH AMERICA: IOT MEDICAL DEVICES MARKET SNAPSHOT
             TABLE 75 NORTH AMERICA: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 76 NORTH AMERICA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 77 NORTH AMERICA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 78 NORTH AMERICA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 79 NORTH AMERICA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 80 NORTH AMERICA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
             TABLE 81 NORTH AMERICA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
             11.2.2 US
                        11.2.2.1 High adoption of connected devices to drive market
                                      TABLE 82 US: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 83 US: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 84 US: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 85 US: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 86 US: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 87 US: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.2.3 CANADA
                        11.2.3.1 Government investments in health-related technologies to boost market
                                      TABLE 88 CANADA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 89 CANADA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 90 CANADA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 91 CANADA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 92 CANADA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 93 CANADA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
     11.3 EUROPE 
             TABLE 94 EUROPE: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 95 EUROPE: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 96 EUROPE: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 97 EUROPE: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 98 EUROPE: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 99 EUROPE: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
             TABLE 100 EUROPE: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.3.1 EUROPE: RECESSION IMPACT ANALYSIS
             11.3.2 GERMANY
                        11.3.2.1 Government initiatives to boost market
                                      TABLE 101 GERMANY: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 102 GERMANY: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 103 GERMANY: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 104 GERMANY: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 105 GERMANY: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 106 GERMANY: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.3.3 UK
                        11.3.3.1 High penetration of wearables to drive market
                                      TABLE 107 UK: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 108 UK: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 109 UK: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 110 UK: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 111 UK: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 112 UK: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.3.4 FRANCE
                        11.3.4.1 Government support for e-Health to drive market
                                      TABLE 113 FRANCE: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 114 FRANCE: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 115 FRANCE: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 116 FRANCE: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 117 FRANCE: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 118 FRANCE: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.3.5 ITALY
                        11.3.5.1 Widespread use of mobile devices to drive market
                                      TABLE 119 ITALY: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 120 ITALY: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 121 ITALY: IMPLAN                                      TABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 122 ITALY: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 123 ITALY: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 124 ITALY: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.3.6 SPAIN
                        11.3.6.1 Growing geriatric population to propel demand
                                      TABLE 125 SPAIN: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 126 SPAIN: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 127 SPAIN: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 128 SPAIN: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 129 SPAIN: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 130 SPAIN: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.3.7 REST OF EUROPE
                        TABLE 131 REST OF EUROPE: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 132 REST OF EUROPE: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 133 REST OF EUROPE: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 134 REST OF EUROPE: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 135 REST OF EUROPE: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                        TABLE 136 REST OF EUROPE: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
             FIGURE 34 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET SNAPSHOT
             TABLE 137 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 138 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 139 ASIA PACIFIC: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 140 ASIA PACIFIC: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 141 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 142 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
             TABLE 143 ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
             11.4.2 CHINA
                        11.4.2.1 High burden of chronic disorders to drive demand
                                      TABLE 144 CHINA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 145 CHINA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 146 CHINA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 147 CHINA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 148 CHINA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 149 CHINA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.4.3 JAPAN
                        11.4.3.1 Demand from large geriatric population to boost market
                                      TABLE 150 JAPAN: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 151 JAPAN: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 152 JAPAN: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 153 JAPAN: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 154 JAPAN: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 155 JAPAN: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.4.4 INDIA
                        11.4.4.1 Growing adoption of telemedicine to boost market
                                      TABLE 156 INDIA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 157 INDIA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 158 INDIA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 159 INDIA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 160 INDIA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 161 INDIA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.4.5 REST OF ASIA PACIFIC
                        TABLE 162 REST OF ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 163 REST OF ASIA PACIFIC: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 164 REST OF ASIA PACIFIC: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 165 REST OF ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 166 REST OF ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                        TABLE 167 REST OF ASIA PACIFIC: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
     11.5 LATIN AMERICA 
             TABLE 168 LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 169 LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 170 LATIN AMERICA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 171 LATIN AMERICA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 172 LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 173 LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
             TABLE 174 LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.5.1 LATIN AMERICA: RECESSION IMPACT ANALYSIS
             11.5.2 BRAZIL
                        11.5.2.1 Increasing government initiatives to drive market
                                      TABLE 175 BRAZIL: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 176 BRAZIL: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 177 BRAZIL: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 178 BRAZIL: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 179 BRAZIL: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 180 BRAZIL: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.5.3 MEXICO
                        11.5.3.1 Focus on digitalization of healthcare to support market
                                      TABLE 181 MEXICO: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 182 MEXICO: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 183 MEXICO: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 184 MEXICO: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 185 MEXICO: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                                      TABLE 186 MEXICO: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.5.4 REST OF LATIN AMERICA
                        TABLE 187 REST OF LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 188 REST OF LATIN AMERICA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 189 REST OF LATIN AMERICA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 190 REST OF LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 191 REST OF LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
                        TABLE 192 REST OF LATIN AMERICA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
     11.6 MIDDLE EAST & AFRICA 
             TABLE 193 MIDDLE EAST & AFRICA: IOT MEDICAL DEVICES MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 194 MIDDLE EAST & AFRICA: VITAL SIGNS MONITORING DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 195 MIDDLE EAST & AFRICA: IMPLANTABLE CARDIAC DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 196 MIDDLE EAST & AFRICA: IOT MEDICAL DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 197 MIDDLE EAST & AFRICA: IOT MEDICAL DEVICES MARKET, BY CONNECTIVITY TECHNOLOGY, 2021–2028 (USD MILLION)
             TABLE 198 MIDDLE EAST & AFRICA: IOT MEDICAL DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
             11.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT ANALYSIS
 
12 COMPETITIVE LANDSCAPE (Page No. - 245)
     12.1 INTRODUCTION 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             FIGURE 35 KEY DEVELOPMENTS OF MAJOR PLAYERS BETWEEN JANUARY 2020 AND JUNE 2023
     12.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2022 
             FIGURE 36 REVENUE ANALYSIS OF KEY PLAYERS
     12.4 MARKET SHARE ANALYSIS, 2022 
             FIGURE 37 IOT MEDICAL DEVICES MARKET: MARKET SHARE ANALYSIS, 2022
     12.5 COMPETITIVE BENCHMARKING 
             TABLE 199 COMPANY FOOTPRINT ANALYSIS
             TABLE 200 PRODUCT FOOTPRINT ANALYSIS (25 COMPANIES)
             TABLE 201 TYPE FOOTPRINT ANALYSIS (25 COMPANIES)
             TABLE 202 REGIONAL FOOTPRINT ANALYSIS (25 COMPANIES)
     12.6 COMPANY EVALUATION QUADRANT 
             12.6.1 STARS
             12.6.2 PERVASIVE PLAYERS
             12.6.3 EMERGING LEADERS
             12.6.4 PARTICIPANTS
                        FIGURE 38 IOT MEDICAL DEVICES MARKET: COMPANY EVALUATION QUADRANT, 2022
     12.7 COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 DYNAMIC COMPANIES
             12.7.3 RESPONSIVE COMPANIES
             12.7.4 STARTING BLOCKS
                        FIGURE 39 IOT MEDICAL DEVICES MARKET: COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES, 2022
     12.8 COMPETITIVE SCENARIO AND TRENDS 
             12.8.1 PRODUCT LAUNCHES
                        TABLE 203 IOT MEDICAL DEVICES MARKET: PRODUCT LAUNCHES, 2020–2023
             12.8.2 DEALS
                        TABLE 204 IOT MEDICAL DEVICES MARKET: DEALS, 2020–2023
             12.8.3 OTHER DEVELOPMENTS
                        TABLE 205 IOT MEDICAL DEVICES MARKET: OTHER DEVELOPMENTS, 2020–2023
 
13 COMPANY PROFILES (Page No. - 261)
(Business overview, Products offered, Recent Developments, MNM view)*
     13.1 KEY COMPANIES 
             13.1.1 MEDTRONIC
                        TABLE 206 MEDTRONIC: BUSINESS OVERVIEW
                        FIGURE 40 MEDTRONIC: COMPANY SNAPSHOT (2022)
             13.1.2 GE HEALTHCARE
                        TABLE 207 GE HEALTHCARE: BUSINESS OVERVIEW
                        FIGURE 41 GE HEALTHCARE: COMPANY SNAPSHOT (2022)
             13.1.3 KONINKLIJKE PHILIPS N.V.
                        TABLE 208 KONINKLIJKE PHILIPS N.V.: BUSINESS OVERVIEW
                        FIGURE 42 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022)
             13.1.4 ABBOTT
                        TABLE 209 ABBOTT: BUSINESS OVERVIEW
                        FIGURE 43 ABBOTT: COMPANY SNAPSHOT (2022)
             13.1.5 BOSTON SCIENTIFIC CORPORATION
                        TABLE 210 BOSTON SCIENTIFIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 44 BOSTON SCIENTIFIC CORPORATION: COMPANY SNAPSHOT (2022)
             13.1.6 OMRON CORPORATION
                        TABLE 211 OMRON CORPORATION: BUSINESS OVERVIEW
                        FIGURE 45 OMRON CORPORATION: COMPANY SNAPSHOT (2022)
             13.1.7 BAXTER INTERNATIONAL, INC.
                        TABLE 212 BAXTER INTERNATIONAL, INC.: BUSINESS OVERVIEW
                        FIGURE 46 BAXTER INTERNATIONAL, INC.: COMPANY SNAPSHOT (2022)
             13.1.8 BIOTRONIK
                        TABLE 213 BIOTRONIK: BUSINESS OVERVIEW
             13.1.9 JOHNSON & JOHNSON
                        TABLE 214 JOHNSON & JOHNSON: BUSINESS OVERVIEW
                        FIGURE 47 JOHNSON & JOHNSON: COMPANY SNAPSHOT (2022)
             13.1.10 NIHON KOHDEN CORPORATION
                        TABLE 215 NIHON KOHDEN CORPORATION: BUSINESS OVERVIEW
                        FIGURE 48 NIHON KOHDEN CORPORATION: COMPANY SNAPSHOT (2022)
             13.1.11 SIEMENS HEALTHINEERS AG
                        TABLE 216 SIEMENS HEALTHINEERS AG: BUSINESS OVERVIEW
                        FIGURE 49 SIEMENS HEALTHINEERS AG: COMPANY SNAPSHOT (2022)
             13.1.12 HONEYWELL INTERNATIONAL, INC.
                        TABLE 217 HONEYWELL INTERNATIONAL, INC.: BUSINESS OVERVIEW
                        FIGURE 50 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT (2022)
             13.1.13 ALIVECOR, INC.
                        TABLE 218 ALIVECOR, INC.: BUSINESS OVERVIEW
             13.1.14 DRÄGERWERK AG & CO. KGAA
                        TABLE 219 DRÄGERWERK AG & CO. KGAA: BUSINESS OVERVIEW
                        FIGURE 51 DRÄGERWERK AG & CO. KGAA: COMPANY SNAPSHOT (2022)
             13.1.15 NONIN MEDICAL
                        TABLE 220 NONIN MEDICAL: BUSINESS OVERVIEW
     13.2 OTHER PLAYERS 
             13.2.1 AMD GLOBAL TELEMEDICINE
             13.2.2 IHEALTH LABS
             13.2.3 AEROTEL MEDICAL SYSTEMS
             13.2.4 I-SENS, INC.
             13.2.5 HUNTLEIGH HEALTHCARE LIMITED
             13.2.6 RESMED
             13.2.7 MASIMO
             13.2.8 INFINIUM MEDICAL
             13.2.9 ICU MEDICAL, INC.
             13.2.10 HAMILTON MEDICAL
 
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
14 APPENDIX (Page No. - 320)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

This research study involved the extensive use of both primary and secondary sources. It involved the analysis of various factors affecting the industry to identify the segmentation types, industry trends, key players, the competitive landscape of market players, and key market dynamics such as drivers, opportunities, challenges, restraints, and key player strategies.

Secondary Research

This research study extensively utilized secondary sources, including directories, databases such as Dun & Bradstreet, Bloomberg Businessweek, and Factiva, as well as white papers, annual reports, and companies' house documents. The aim of the secondary research was to gather and analyze information for a comprehensive and commercially focused study of the IoT medical devices market, encompassing technical aspects and market dynamics. It also facilitated the identification of key players, market classification, industry trends, geographical markets, and significant market-related developments. Additionally, a database of prominent industry leaders was compiled through secondary research.

Primary Research

In the primary research process, various supply-side and demand-side sources were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, engineers, and related key executives from various companies and organizations operating in the IoT medical devices market. Primary sources from the demand side included personnel from pharmaceutical & biotechnology companies, research institutes and hospitals (small, medium-sized, and large hospitals).

A breakdown of the primary respondents is provided below:

loT Medical Devices Market Size, and Share

*Others include sales managers, marketing managers, and product managers.

Note: Tiers are defined based on a company’s total revenue, as of 2022: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The total size of the IoT medical devices market was determined after data triangulation through the two approaches mentioned below. After the completion of each approach, the weighted average of these approaches was taken based on the level of assumptions used in each approach.

Data Triangulation

The size of the IoT medical devices market was estimated through segmental extrapolation using the bottom-up approach. The methodology used is as given below:

  • Revenues for individual companies were gathered from public sources and databases.
  • Shares of leading players in the IoT medical devices market were gathered from secondary sources to the extent available. In certain cases, shares of IoT medical devices businesses have been ascertained after a detailed analysis of various parameters including product portfolios, market positioning, selling price, and geographic reach & strength. 
  • Individual shares or revenue estimates were validated through interviews with experts.
  • The total revenue in the IoT medical devices market was determined by extrapolating the market share data of major companies.

Market Definition

IoT (Internet of Things) medical devices are smart healthcare devices connected via sensors, actuators, and network communication technologies. These devices help streamline medical/clinical operations & information flow and enable real-time monitoring of patients. They form a system of interrelated computing devices, mechanical & digital machines, objects, animals, or people provided with unique identifiers (UIDs) and the ability to transfer data without requiring human-to-human or human-to-computer interaction. This report provides a close look at IoT medical devices market.

Key Stakeholders

  • Telecom service providers
  • Wireless device manufacturers
  • Healthcare technology suppliers
  • Application developers and app stores
  • IoT infrastructure and service providers
  • M2M, IoT, and general telecommunications companies
  • Internet identity management, privacy, and security companies
  • Sensor, presence, location, and detection solution providers
  • Data management and predictive analysis companies
  • Semiconductor companies
  • Embedded systems companies
  • Regulators and governmental agencies
  • Hospitals and clinics
  • Nursing homes and assisted living facilities
  • Research institutions

Global IoT medical devices market Size: Top-Down Approach

loT Medical Devices Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Objectives of the Study

  • To define, describe, and forecast the global IoT medical devices market based on product, connectivity technology, type, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market players
  • To forecast the size of the IoT medical devices market in five main regions (along with countries)—North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa
  • To profile the key players in the IoT medical devices market and comprehensively analyze their core competencies and market shares
  • To track and analyze competitive developments such as mergers, acquisitions, developments, expansions, partnerships, alliances, and R&D activities of leading players in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific IoT medical devices market into Australia, Taiwan, New Zealand, Thailand, South Korea, Singapore, Malaysia, and other countries
  • Further breakdown of the Rest of Europe's IoT medical devices market into Russia, Austria, Finland, Sweden, Turkey, Norway, Poland, Portugal, Romania, Denmark, and other countries
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
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