Global IoT Medical Devices Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027
Industry Background:
Internet of Things (IoT) medical device, an internet connected devices, has been delivering real-time data to doctors and lessening the need for direct-physician interaction. Of late, healthcare industry remains among the fastest to adopt the IoT to improve the quality and effectiveness of service. The growth in the number of IoT platform installations for better diagnosis of disease and also tracking the real time information provide the lucrative opportunity of the very market globally.According to AMA, the market for IoT Medical Devices is expected to register a CAGR of 21.11% during the forecast period to 2024. This growth is primarily driven by Increasing Government Initiatives for Promoting Digital Health in both Developing and Developed Countries, Surging Need for Cost-Containment in Healthcare Delivery and Rising Focus on Patient Safety across the World.
Globally, a noticeable market trend is evident Rising focus on Active Patient Engagement and Patient-Centric Care Delivery Worldwide . Major Players, such as Abbott Laboratories (United States), Alivecor (United States), Biotronik (Germany), GE Healthcare (United States), Johnson & Johnson (United States), Omron Corporation (Japan), Medtronic (Ireland), Koninklijke Philips N.V. (The Netherlands), Siemens (Germany), Boston Scientific (United States), Honeywell Life Care Solutions (United States) and BioTelemetry Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to the FDA, It is important to note here that every embedded Medical device should be certified by FDA standards before it goes into production by manufacturers.
Market Drivers
Increasing Government Initiatives for Promoting Digital Health in both Developing and Developed Countries
Surging Need for Cost-Containment in Healthcare Delivery
Rising Focus on Patient Safety across the World
Market Trend
Rising focus on Active Patient Engagement and Patient-Centric Care Delivery Worldwide
The advent of High-Speed Networking Technologies and The Growth in Number of Smartphones, Tablets, and Electronic Gadgets in Healthcare
Restraints
High Deployment Cost of Connected Medical Devices and Lack of Proper Infrastructure
Insufficient IoT Technology Skills across Healthcare Organizations
Opportunities
Low Doctor-to-Patient Ratio Leading to Increased Dependency on Self-Operated E-Health Platforms Globally
Challenges
Various Concerns Related to Personal Data Privacy and Security and Lack of Data Management and Interoperability
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Strategic Points Covered in Table of Content of IoT Medical Devices Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the IoT Medical Devicesmarket. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the IoT Medical Devices Market. (Introduction)
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the IoT Medical Devices (Market Dynamics- Drivers, Trends, Opportunity, Restraints & Challenges)
Chapter 4: Presenting the IoT Medical Devices Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the IoT Medical Devices market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source.
List of some of the Tables and Figures
Figure Global IoT Medical Devices CAGR (%), Y-o-Y Growth (&)
and Market Size, 2014-2025 (USD Million)
Figure Global IoT Medical Devices CAGR (%), Y-o-Y Growth (&)
and Market Size, 2014-2025 (Sales)Figure Global Sales Market Share of IoT Medical Devices by Types in 2018Figure IoT Medical Devices Sales Market Share by Applications in 2018Table IoT Medical DevicesType and Applications
Table Market Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table Market Revenue by Countries (2014-2019)
Table Global IoT Medical Devices Sales by Type (2014-2019)
Research Methodology
The research study released with title "Global IoT Medical Devices Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Key Executives Interviewed
Research Programs/Design
| Historical Data (2017-2022E) |
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| Market Forecast (2023F-2028F) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.
To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.
HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the Global IoT Medical Devices Market trend. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from Global IoT Medical Devices Market trend who then work towards appointment generation.
Primary Data Collection
The primary research is performed by taking the interviews of executives of various companies dealing in the Global IoT Medical Devices Market trend as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.
Secondary Sources
The secondary resources considered in the Global IoT Medical Devices Market trend study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.
Market Breakdown and Data Triangulation
To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "Global IoT Medical Devices Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027" .
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Key Information from Primary Sources
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| Enterprise User | The format of deliverable would be PDF and Excel. | This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report. |
