Healthcare Connected devices have so many new opportunities for healthcare professionals to monitor their patients, along with for patients to monitor themselves. The variety of different Healthcare Connected devices provides many benefits and challenges, for healthcare providers and their patients meanwhile. When Healthcare device collects patient data, it forwards the data to a software application where healthcare professionals or patients can view it
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The rising demand for high scale uses of Healthcare devices across the globe to drive the growth of the market. Wearable devices like biosensors, Fitbits and smart watches allow healthcare professionals to remotely monitor their patient’s current conditions and collect data, allowing observation and treatment that was traditionally possible in an institutional setting. The utilization of healthcare devices are easy to use and helps in monitoring own health without any difficulty, growing the popularity of Healthcare Connected Devices also acts as a driver for the market
These devices are small, easy to use, lightweight and worn on the body, monitor vital signs such as temperature, heart rate and breathing rate, resulting health professionals with analytical perception into the early onset of an illness or disease. For instance, in May 2020, Philips announced that it received FDA clearance and CE marking for a wearable, wireless biosensor that could help monitor Covid-19 patients in the hospital and detect signs of any deterioration in patient’s health
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However, some of the restraints in the market include high cost of development and implementation. However, a perfectly working IoMT segment decrease healthcare costs, facilitate staff performance and rise patient satisfaction in its long term.
For a better understanding of the market adoption of the Healthcare Connected Devices, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. However, the Asia Pacific region would grow at the highest CAGR during the forecast period
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Some of the major players operating in the market include Xiaomi Corporation, ThermoFisher Scientific, Apple Inc., Medtronic PLC, FitBit Inc., GE Healthcare, Inc, Philips Healthcare, OMRON Corporation, St. Jude Medical, Inc. (Abbott) and McKesson Corporation, etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions
The global Healthcare Connected Devices market is expected to witness a boost on account increasing demand for wearable devices, along with remote monitoring and telemedicine concerns with respect to mhealth, and key players worldwide introducing new devices to cater middle-income group which helps to boost the growth of the Healthcare Connected Devices Market.
Table of Contents
1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Healthcare Connected Devices Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Healthcare Connected Devices Market
2.1.1 Main Objective of the Healthcare Connected Devices Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPS UNDER HEALTHCARE CONNECTED DEVICES SECTOR
6 COVID-19 IMPACT ON HEALTHCARE CONNECTED DEVICES
7 GLOBAL HEALTHCARE CONNECTED DEVICES MARKET REVENUE (USD BN), 2019-2027F
8 MARKET INSIGHTS BY DEVICE
8.1 Wearable Devices
8.2 Non-Wearable Devices
9 MARKET INSIGHTS BY PRODUCT
9.1 BP Monitor
9.2 ECG Monitoring Device
9.3 Glucose Monitor
9.4 Heart Rate Monitor
9.5 Insulin Pump
9.6 Portable GPS PERS
9.7 Pulse Oximeter
9.8 Smart Pill Dispenser
10 MARKET INSIGHTS BY APPLICATION
10.1 Stationary Medical Devices
10.2 Implanted Medical Devices
10.3 Wearable External Medical Devices
11 MARKET INSIGHTS BY END-USER
11.1 Hospitals
11.2 Ambulatory Surgical centers
11.3 Specialty Clinics
11.4 Home care Settings Monitoring
12 MARKET INSIGHTS BY REGION
12.1 North America Healthcare Connected Devices Market
12.1.1 United States
12.1.2 Canada
12.1.3 Rest of North America
12.2 Europe Healthcare Connected Devices Market
12.2.1 Germany
12.2.2 France
12.2.3 United Kingdom
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia Pacific Healthcare Connected Devices Market
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 Australia
12.3.4 Rest of Asia Pacific
12.4 Rest of World Healthcare Connected Devices Market
13 HEALTHCARE CONNECTED DEVICES MARKET DYNAMICS
13.1 Market Drivers
13.2 Market Challenges
13.3 Impact Analysis
14 HEALTHCARE CONNECTED DEVICES MARKET OPPORTUNITIES
15 HEALTHCARE CONNECTED DEVICES MARKET TRENDS
16 LEGAL & REGULATORY FRAMEWORK
17 DEMAND AND SUPPLY SIDE ANALYSIS
17.1 Demand Side Analysis
17.2 Supply Side Analysis
17.2.1 Top Product Launches
17.2.2 Top Business Partnerships
17.2.3 Top Business Expansions, Investments and Divestitures
17.2.4 Top Merger and Acquisitions
18 VALUE CHAIN ANALYSIS
19 COMPETITIVE SCENARIO
19.1 Porter’s Five Forces Analysis
19.1.1 Bargaining power of Supplier
19.1.2 Bargaining power of Buyer
19.1.3 Industry Rivalry
19.1.4 Availability of Substitute
19.1.5 Threat of new Entrants
19.2 Competitive Landscape
19.2.1 Company Shares, By Revenue
20 COMPANY PROFILED
20.1 Medtronic PLC
20.2 Xiaomi Corporation
20.3 ThermoFisher Scientific
20.4 Apple Inc.
20.5 FitBit Inc
20.6 GE Healthcare, Inc.
20.7 Philips Healthcare
20.8 OMRON Corporation
20.9 Abbott Laboratories
20.10 McKesson Corporation
21 DISCLAIMER----
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