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Market Overview

Medical devices entail of instruments, apparatus, machine, implants, invitro reagents among others that is envisioned for usage in the diagnosis or other conditions. These devices are also utilized in the procedure of cure, treatment or preclusion of disease in man or other animals. Large- and small-scale medical device companies play a role in the progress of new medical devices. Start-up companies that advance auspicious new products are often attained by one of the large medical device companies. Thus, due to these developments medical device industry is predictable to witness a momentous growth in the upcoming years.

Report Analysis

According to the report analysis, ‘US Connected Medical Devices Market Outlook and Forecast to 2027 – Driven by Rising Consumer Awareness, Prevalence of Chronic Diseases, and Cost-containment of Connected Medical Devices’ states that the Connected Medical Devices Market in US is predicted to observe moderate growth over the next five years, commonly driven by the requirement for remote monitoring of patients going through retrieval in the home care settings, implementation of technology by not only greater institutional care providers, such as hospitals and nursing homes, but sphere clinics, pathological labs and ambulatory surgical centres, and the augment of connectivity penetration in making medical devices more proficient, fast and data-driven.

Trends and Opportunities

The effective growth in prevalence of chronic conditions and treatments for patients suffering from these diseases is putting massive pressure on the health systems of several countries. Resultantly, players active in the market are aggressively investing in research & development of improved and easy to utilize the medical devices to treat chronic syndromes, citing efforts by the health care agencies to move more and more patients to home care settings. The growing requirement for quality healthcare services for the aging population is also propelling the requirement for connected, remote monitoring solutions and trackable devices.

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The spread of technology in healthcare, such as the usage of AI-based solutions, robotic systems, block chain technology, is assisting mitigate the perils of human of error in healthcare processes and making identification of serious conditions more precise and timelier. It is why slighter centres of healthcare delivery, such as ambulatory surgical centres are becoming more and more persuaded towards connected medical devices.

High deployment cost, data security and integrity issues and confirming regulatory compliance emerge to be the foremost challenges in US Connected Medical Devices industry. The cost of interoperability and connectivity solutions for several medical devices is quite high. The growing use of automated technologies likewise EHR, health care integration and health information exchange have also resulted in concerns over the security of the proprietary data and applications. Stringent regulations, traceability and safety are also foremost concerns for a medical device producer.

Regional Insights

The existence of the favourable and adequate reimbursement policies, a well-developed healthcare infrastructure, speedy implementation of medical technologies, and key players in the region are foremost aspects commonly accountable for its dominance. This is further developed by the growing number of patients undergoing diagnosis and treatment in the US region, due to growing incidence and prevalence of the chronic situations.

Key Segments Covered in North America Connected Medical Devices Market: –

North America Connected Medical Devices Market by Components

Medical devices

System and Software

Connectivity Technology

Services

North America Connected Medical Devices Market by Application

Consultation and Diagnosis Services

Treatment Services

Remote Monitoring

Fitness

Wellness Services

North America Connected Medical Devices Market by Product/ Solution

Diagnostic Imaging

Consumables

Patient Aids

Orthopedic and Prosthetic

Dental Products

Other Medical Equipment

North America Connected Medical Devices Market by Type of End User Industry

Hospitals

Nursing Homes

Pathological Labs

Specialty Clinics

Ambulatory Surgical Centers

Home Care Settings and Monitoring

North America Connected Medical Devices Market by Geography and Major Countries

U.S.

Canada

Mexico

Key Target Audience: –

Connected Medical Devices Manufacturers

Connected Medical Device Product Assemblers

Connected Medical Device Developers

Connected Medical Device Raw Materials Suppliers

Connected Medical Device Components Suppliers

Value-Added Resellers (VARs)

Potential Investors in Connected Medical Device Companies

Distributors and Retailers of Connected Medical Devices

Time Period Captured in the Report: –

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned: –

Key Competitors in North America Connected Medical Devices Market

Abbott Laboratories

Boston Scientific Corporation

Medtronic.

Philips Corporation

Stryker

NXP Semiconductors

Honeywell

Baxter

GE Healthcare

Beckton, Dickinson and Company (BD)

Masimo Corporation

Drager

Emerging Connected Medical Devices Companies in North America

Bright Uro

Zeta Surgical

Biomotum, INC

Puzzle Medical Devices

Arma Biosciences

Repare Therapeutics

ECGlove

MediQo

Key Topics Covered in the Report: –

Snapshot of North America Connected Medical Devices Industry

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Connected Medical Devices Market

Historic Growth of Overall North America Connected Medical Devices Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Connected Medical Devices Industry

Overview, Product Offerings and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Connected Medical Devices Market

Future Market Forecast and Growth Rates of the Total North America Connected Medical Devices Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Connected Medical Devices Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Connected Medical Devices Companies within Each Major Country

For More Information on the research report, refer to below link: –

US Connected Medical Devices Industry

Related Reports by Ken Research: –

Vietnam Medical Devices Market Outlook to 2022 – By Equipment’s (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices)

Indonesia Medical Devices Market Outlook to 2022 – By Medical Consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices, By Imports & Domestic Production

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

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