Global Connected Medical Devices Market

April 2025 | 122 pages | ID: GD1B3E4124DAEN
Evolve Business Intelligence

Abstracts

Global Connected Medical Devices Market By Product (Wearable Devices, Implantable Devices, Stationary Devices), By Application (Remote Patient Monitoring, Telemedicine, Clinical Decision Support, Chronic Disease Management, Fitness and Wellness, Others) By End-User (Hospital and Clinics, Home Care, Ambulatory Surgical Centers, Others), And By Geography – Market Analysis, Opportunities, Trends And Forecast From 2023 t-2035

The Global Connected Medical Devices Market was valued at $78.43 Billion in 2024 and is anticipated t-grow at a CAGR of 15.84% from 2025 t-2035. This growth is attributed t-several macr-and microeconomic factors such as

• Rising Adoption of IoT

The increasing adoption of the Internet of Things (IoT) is a significant driving factor propelling the growth of the global connected medical devices market. IoT integration is revolutionizing healthcare by enabling medical devices t-connect, communicate, and exchange data with other devices, systems, and healthcare providers. This connectivity facilitates remote patient monitoring, allowing for continuous tracking of vital signs and health parameters outside of traditional clinical settings. This is particularly beneficial for managing chronic conditions, enabling early detection of health issues, and improving patient outcomes. Furthermore, IoT enables more efficient healthcare operations through features like remote device management, predictive maintenance, and streamlined data collection for analysis. The ability t-gather and analyze real-time patient data empowers healthcare professionals t-make more informed decisions, personalize treatments, and enhance the overall quality of care. As the healthcare industry increasingly embraces digital transformation and the benefits of interconnected devices become more apparent, the adoption of IoT continues t-fuel the expansion of the connected medical devices market.

Further several factors restraining the market growth include

• Data Security Concerns

A critical restraining factor impeding the widespread adoption and growth of the global connected medical devices market is the significant concern surrounding data security. Connected medical devices generate and transmit vast amounts of sensitive patient health information, making them prime targets for cyberattacks and data breaches. The potential consequences of such security incidents are severe, ranging from privacy violations and identity theft t-the manipulation of device functionality, which could directly endanger patient safety. The interconnected nature of these devices and the complex networks they operate within create multiple vulnerabilities that malicious actors can exploit. Building robust security measures, ensuring data encryption, and adhering t-stringent data privacy regulations are crucial but als-present significant technical and financial challenges for manufacturers and healthcare providers. The lack of universal security standards and the evolving landscape of cyber threats further exacerbate these concerns, creating a barrier t-patient trust and hindering the full realization of the benefits offered by connected medical devices. Addressing these data security challenges is paramount for fostering confidence and enabling the continued growth of this transformative market.

Digitalization in healthcare and collaborations and alliances in the Connected Medical Devices market are expected t-generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led t-supply shortages or lower demand in the Connected Medical Devices market. The pandemic has caused a decline in new orders and a corresponding decrease in Production.

This section will analyze how COVID-19 has impacted supply chains, leading t-shortages and lower demand for Connected Medical Devices.

In terms of COVID-19 impact, the Connected Medical Devices market report als-includes the following data points:

• Impact on Connected Medical Devices market size
• Operating Weights Trend, Preferences, and Budget Impact
• Regulatory Framework/Telemedicine Policies
• Key Players' Strategy t-Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Connected Medical Devices market

Key Insight in the report:

The global Connected Medical Devices market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and End-Users.

Our report covers extensive competitive intelligence which includes the following data points:

• Business Overview
• Business Segment Data
• Financial Data
• Product Segment Analysis and Specification
• Recent Development and Company Strategy Analysis
• SWOT Analysis

Connected Medical Devices Market Segmentation:

• Product
• Wearable Devices
• Implantable Devices
• Stationary Devices
• Application
• Remote Patient Monitoring
• Telemedicine
• Clinical Decision Support
• Chronic Disease Management
• Fitness and Wellness
• Others
• End-User
• Hospital and Clinics
• Home Care
• Ambulatory Surgical Centers
• Others

Region/ Countries Covered:

• North America
• US
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• BeNeLux
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• Australia
• India
• South Korea
• Thailand
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East & Africa

Key Players Analyzed in the Report:

• Johnson & Johnson
• Honeywell Life Care Solutions
• Abbott Laboratories
• Medtronic
• General Electric (GE) Healthcare
• Becton, Dickinson, and Company (BD)
• Boston Scientific
• Oracle Corporation
• Masimo
• AliveCor

Contents

CHAPTER 1. EXECUTIVE SUMMARY

CHAPTER 2. SCOPE OF THE STUDY

2.1. Market Definition
2.2. Market Scope & Segmentation
  2.2.1. Objective of Report

CHAPTER 3. EVOLVE BI METHODOLOGY

3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast

CHAPTER 4. MARKET INSIGHTS AND TRENDS

4.1. Value Chain Analysis
  4.1.1. Raw Material
  4.1.2. Manufacturing process
  4.1.3. Distribution Channel
  4.1.4. End-User
4.2. Porter’s Five Forces Analysis
  4.2.1. Bargaining Power of Buyers
  4.2.2. Bargaining Power of Suppliers
  4.2.3. Threat of New Entrant
  4.2.4. Threat of Substitute
  4.2.5. Industry Rivalry
4.3. Macro Economical Factor

CHAPTER 5. MARKET DYNAMICS

5.1. Introduction
5.2. Drivers
  5.2.1. Rising Adoption of IoT
  5.2.2. Predominance of Chronic Diseases
  5.2.3. Growing Demand for Home Healthcare
5.3. Restraints
  5.3.1. Data Security Concerns
  5.3.2. High Costs
5.4. Opportunity
  5.4.1. Digitalization in Healthcare
  5.4.2. Expansion in Emerging Markets

CHAPTER 6. GLOBAL CONNECTED MEDICAL DEVICES MARKET, BY PRODUCT

6.1. Introduction
  6.1.1. Wearable Devices
  6.1.2. Implantable Devices
  6.1.3. Stationary Devices

CHAPTER 7. GLOBAL CONNECTED MEDICAL DEVICES MARKET, BY APPLICATION

7.1. Introduction
  7.1.1. Remote Patient Monitoring
  7.1.2. Telemedicine
  7.1.3. Clinical Decision Support
  7.1.4. Chronic Disease Management
  7.1.5. Fitness and Wellness
  7.1.6. Others

CHAPTER 8. GLOBAL CONNECTED MEDICAL DEVICES MARKET, BY END USER

8.1. Introduction
  8.1.1. Hospital and Clinics
  8.1.2. Home Care
  8.1.3. Ambulatory Surgical Centers & Vehicle Refinish
  8.1.4. Others

CHAPTER 9. GLOBAL CONNECTED MEDICAL DEVICES MARKET, BY REGION

9.1. Introduction
9.2. North America
  9.2.1. North America: Market Size and Forecast, By Country, 2023 - 2035 ($ Billion)
  9.2.2. North America: Market Size and Forecast, By Product, 2023 - 2035 ($ Billion)
  9.2.3. North America: Market Size and Forecast, By Application, 2023 - 2035 ($ Billion)
  9.2.4. North America: Market Size and Forecast, By End User, 2023 - 2035 ($ Billion)
  9.2.5. US
    9.2.5.1. US: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.2.5.2. US: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.2.5.3. US: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.2.6. Canada
    9.2.6.1. Canada: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.2.6.2. Canada: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.2.6.3. Canada: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.2.7. Mexico
    9.2.7.1. Mexico: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.2.7.2. Mexico: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.2.7.3. Mexico: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
9.3. Europe
  9.3.1. Europe: Market Size and Forecast, By Country, 2023 - 2035 ($ Billion)
  9.3.2. Europe: Market Size and Forecast, By Product, 2023 - 2035 ($ Billion)
  9.3.3. Europe: Market Size and Forecast, By Application, 2023 - 2035 ($ Billion)
  9.3.4. Europe: Market Size and Forecast, By End User, 2023 - 2035 ($ Billion)
  9.3.5. U.K.
    9.3.5.1. U.K.: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.5.2. U.K.: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.5.3. U.K.: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.6. Germany
    9.3.6.1. Germany: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.6.2. Germany: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.6.3. Germany: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.7. France
    9.3.7.1. France: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.7.2. France: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.7.3. France: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.8. Italy
    9.3.8.1. Italy: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.8.2. Italy: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.8.3. Italy: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.9. Spain
    9.3.9.1. Spain: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.9.2. Spain: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.9.3. Spain: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.10. BeNeLux
    9.3.10.1. BeNeLux: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.10.2. BeNeLux: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.10.3. BeNeLux: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.11. Russia
    9.3.11.1. Russia: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.11.2. Russia: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.11.3. Russia: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.3.12. Rest of Europe
    9.3.12.1. Rest of Europe: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.3.12.2. Rest of Europe: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.3.12.3. Rest of Europe: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
9.4. Asia Pacific
  9.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 - 2035 ($ Billion)
  9.4.2. Asia Pacific: Market Size and Forecast, By Product, 2023 - 2035 ($ Billion)
  9.4.3. Asia Pacific: Market Size and Forecast, By Application, 2023 - 2035 ($ Billion)
  9.4.4. Asia Pacific: Market Size and Forecast, By End User, 2023 - 2035 ($ Billion)
  9.4.5. China
    9.4.5.1. China: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.5.2. China: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.5.3. China: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.4.6. Japan
    9.4.6.1. Japan: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.6.2. Japan: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.6.3. Japan: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.4.7. Australia
    9.4.7.1. Australia: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.7.2. Australia: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.7.3. Australia: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.4.8. India
    9.4.8.1. India: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.8.2. India: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.8.3. India: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.4.9. South Korea
    9.4.9.1. South Korea: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.9.2. South Korea: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.9.3. South Korea: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.4.10. Thailand
    9.4.10.1. Thailand: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.10.2. Thailand: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.10.3. Thailand: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.4.11. Rest of Asia Pacific
    9.4.11.1. Rest of Asia Pacific: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.4.11.2. Rest of Asia Pacific: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.4.11.3. Rest of Asia Pacific: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
9.5. South America
  9.5.1. South America: Market Size and Forecast, By Country, 2023 - 2035 ($ Billion)
  9.5.2. South America: Market Size and Forecast, By Product, 2023 - 2035 ($ Billion)
  9.5.3. South America: Market Size and Forecast, By Application, 2023 - 2035 ($ Billion)
  9.5.4. South America: Market Size and Forecast, By End User, 2023 - 2035 ($ Billion)
  9.5.5. Brazil
    9.5.5.1. Brazil: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.5.5.2. Brazil: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.5.5.3. Brazil: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.5.6. Argentina
    9.5.6.1. Argentina: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.5.6.2. Argentina: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.5.6.3. Argentina: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.5.7. Rest of South America
    9.5.7.1. Rest of South America: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.5.7.2. Rest of South America: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.5.7.3. Rest of South America: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
9.6. Middle East & Africa
  9.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 - 2035 ($ Million/$ Billion)
  9.6.2. Middle East & Africa: Market Size and Forecast, By Product, 2023 - 2035 ($ Billion)
  9.6.3. Middle East & Africa: Market Size and Forecast, By Application, 2023 - 2035 ($ Billion)
  9.6.4. Middle East & Africa: Market Size and Forecast, By End User, 2023 - 2035 ($ Billion)
  9.6.5. Saudi Arabia
    9.6.5.1. Saudi Arabia: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.6.5.2. Saudi Arabia: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.6.5.3. Saudi Arabia: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.6.6. UAE
    9.6.6.1. UAE: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.6.6.2. UAE: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.6.6.3. UAE: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.6.7. Egypt
    9.6.7.1. Egypt: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.6.7.2. Egypt: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.6.7.3. Egypt: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.6.8. South Africa
    9.6.8.1. South Africa: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.6.8.2. South Africa: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.6.8.3. South Africa: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)
  9.6.9. Rest of Middle East & Africa
    9.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Product, 2023 - 2035 ($ Million)
    9.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Application, 2023 - 2035 ($ Million)
    9.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By End User, 2023 - 2035 ($ Million)

CHAPTER 10. COMPETITIVE LANDSCAPE

10.1. Competitior Benchmarking 2025
10.2. Market Share Analysis, 2024
10.3. Key Developments Analysis By Top 5 Companies
10.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players

CHAPTER 11. COMPANY PROFILES

11.1. Abbott Laboratories
  11.1.1. Business Overview
  11.1.2. Financial Analysis
    11.1.2.1. Business Segment Revenue, 2023
    11.1.2.2. Geographic Revenue Mix, 2023
  11.1.3. Product Portfolio
  11.1.4. Recent Development and Strategies Adopted
  11.1.5. SWOT Analysis
11.2. ALIVECOR
  11.2.1. Business Overview
  11.2.2. Product Portfolio
  11.2.3. Recent Development and Strategies Adopted
11.3. Becton, Dickinson and Company (BD)
  11.3.1. Business Overview
  11.3.2. Financial Analysis
    11.3.2.1. Business Segment Revenue, 2024
    11.3.2.2. Geographic Revenue Mix, 2024
  11.3.3. Product Portfolio
  11.3.4. Recent Development and Strategies Adopted
11.4. Boston Scientific
  11.4.1. Business Overview
  11.4.2. Financial Analysis
    11.4.2.1. Business Segment Revenue, 2023
    11.4.2.2. Geographic Revenue Mix, 2023
  11.4.3. Product Portfolio
  11.4.4. Recent Development and Strategies Adopted
11.5. Oracle Health
  11.5.1. Business Overview
  11.5.2. Financial Analysis
    11.5.2.1. Business Segment Revenue, 2024
    11.5.2.2. Geographic Revenue Mix, 2024
  11.5.3. Product Portfolio
  11.5.4. Recent Development and Strategies Adopted
11.6. General Electric (GE) Healthcare
  11.6.1. Business Overview
  11.6.2. Financial Analysis
    11.6.2.1. Business Segment Revenue, 2023
    11.6.2.2. Geographic Revenue Mix, 2023
  11.6.3. Product Portfolio
  11.6.4. Recent Development and Strategies Adopted
  11.6.5. SWOT Analysis
11.7. Honeywell Life Care Solutions
  11.7.1. Business Overview
  11.7.2. Financial Analysis
    11.7.2.1. Business Segment Revenue, 2023
    11.7.2.2. Geographic Revenue Mix, 2023
  11.7.3. Product Portfolio
  11.7.4. Recent Development and Strategies Adopted
  11.7.5. SWOT Analysis
11.8. Johnson & Johnson
  11.8.1. Business Overview
  11.8.2. Financial Analysis
    11.8.2.1. Business Segment Revenue, 2023
    11.8.2.2. Geographic Revenue Mix, 2023
  11.8.3. Product Portfolio
  11.8.4. Recent Development and Strategies Adopted
  11.8.5. SWOT Analysis
11.9. Masimo
  11.9.1. Business Overview
  11.9.2. Financial Analysis
    11.9.2.1. Business Segment Revenue, 2023
    11.9.2.2. Geographic Revenue Mix, 2023
  11.9.3. Product Portfolio
  11.9.4. Recent Development and Strategies Adopted
11.10. MEDTRONIC
  11.10.1. Business Overview
  11.10.2. Financial Analysis
    11.10.2.1. Business Segment Revenue, 2024
    11.10.2.2. Geographic Revenue Mix, 2024
  11.10.3. Product Portfolio
  11.10.4. Recent Development and Strategies Adopted
  11.10.5. SWOT Analysis