Global Network Connected Medical Devices Market - Analysis and Forecast (2019-2024)

1. Global Network Connected Medical Devices Market

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3. Global Network Connected Medical Devices Market The global network connected medical devices market was valued at USD 20.0 billion in 2018. The market is growing owing to extensive dissemination of network connected medical devices in healthcare domain, excessive occurrence of chronic conditions, adoption of smart phone based progressive health techniques and extensive expenditure incurred by private and government organizations.

4. Global Network Connected Medical Devices Market Increasing requirement for healthcare in remote locations is the key factor that are driving the growth of global network connected medical devices market as there are several patients in emerged as well as emerging economies that are required to travel long distances for diagnosis of diseases and routine check-ups at several healthcare facilities. With the help of IoT-enables healthcare devices and telemedicine these patients could communicate easily by availing medical facilities even at their homes thereby decreasing the frequency of a few diseases in these areas. Increasing investment in network connected medical devices and increasing geriatric population are the key factors that are driving the growth of global network connected medical devices market. Furthermore, rapid deduction in cost of care is another factor pertaining towards the growth of global network connected medical devices market as network connected devices enables clinics and hospitals in reducing operational costs by eliminating the requirement of accumulating full time employees for assisting in various departments.

5. Global Network Connected Medical Devices Market The eminent key players in the global network connected medical devices market are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe. Some of the players having prominent presence in the global network connected medical devices market include Nonin Medical Inc., NuvoAir AB, Koninklijke Philips N.V., Hoffmann-La Roche Ltd., PhysIQ Inc., General Electric Company, Drgerwerk AG & Co. KGaA, Fresenius Medical Care AG & Co. KGaA, Medtronic plc, Myontec Ltd., OxyGo LLC, Proteus Digital Health Inc., Aerotel Medical Systems Ltd., Aero Healthcare AU Pty Ltd., OMRON Corporation, and Hill-Rom Holdings Inc.

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