PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1672645
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1672645
Connected Medical Device Market, By Product Type, By Application, By End User, By Geography
Global Connected Medical Device Market is estimated to be valued at USD 74.87 Bn in 2025 and is expected to reach USD 199.28 Bn by 2032, growing at a compound annual growth rate (CAGR) of 15.0% from 2025 to 2032.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 74.87 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 15.00% | 2032 Value Projection: | USD 199.28 Bn |
Global connected medical device market growth is driven by factors such as rising geriatric population, growing prevalence of chronic diseases, increasing healthcare costs, and technological advancements. Connected medical devices help in remote monitoring of patients and timely diagnosis of health issues, thus, improving patient outcomes. These also help reduce hospital visits and healthcare costs through remote patient monitoring. Due to growing investments in telehealth and remote care services, connected medical devices market can witness growth during the forecast period.
Market Dynamics:
Global connected medical device market growth is driven by factors like rising incidence of chronic diseases such as diabetes, cardiac disorders, and respiratory diseases coupled with increasing healthcare costs. Growing geriatric population susceptibility to such diseases can also drive the market growth. Technological advancements in connectivity solutions such as Bluetooth, Wi-Fi, and cellular networks have enabled integration of devices and home healthcare systems, thus, driving the market growth. However, data security and privacy concerns regarding rising cybercrimes on healthcare industry can hamper the market growth. High costs associated with development and maintenance of connected devices can limit their adoption in price sensitive developing regions. Growing healthcare investments and rising medical insurance coverage in developing nations can offer new market opportunities during the forecast period.
Key features of the study:
This report provides in-depth analysis of the global connected medical device market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global connected medical device market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Medtronic, GE Healthcare, Philips Healthcare, Omron Corporation, Boston Scientific Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global connected medical device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global connected medical device market
Detailed Segmentation-
- Product Type Insights (Revenue, USD Bn, 2020 - 2032)
- Wearable Devices
- Activity Trackers
- Smart Watches
- Patches
- Others
- Implantable Devices
- Cardiovascular Implants
- Orthopedic Implants
- Neurological Implants
- Others
- Stationary Devices
- Infusion Pumps
- Ventilators
- Dialysis Machines
- Others
- Application Insights (Revenue, USD Bn, 2020 - 2032)
- Remote Patient Monitoring
- Telemedicine
- Clinical Decision Support
- Chronic Disease Management
- Fitness and Wellness
- Others
- End User Insights (Revenue, USD Bn, 2020 - 2032)
- Hospitals and Clinics
- Home Care Settings
- Long-Term Care Facilities
- Ambulatory Surgical Centers
- Others
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Abbott Laboratories
- AliveCor
- Becton, Dickinson and Company (BD)
- Boston Scientific
- Cerner Corporation
- General Electric (GE) Healthcare
- Honeywell Life Care Solutions
- Johnson & Johnson
- Masimo
- Medtronic
- Philips Healthcare
- ResMed
- Roche Diagnostics
- Siemens Healthineers
- Stryker Corporation
- Epitel, Inc.
- Garmin Ltd.
- Fitbit, Inc. (now part of Google)
- Omron Healthcare, Inc.
- ZOLL Medical Corporation
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Connected Medical Device Market, By Product Type
- Global Connected Medical Device Market, By Application
- Global Connected Medical Device Market, By End User
- Global Connected Medical Device Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Connected Medical Device Market, By Product Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Wearable Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Activity Trackers
- Smart Watches
- Patches
- Others
- Implantable Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Cardiovascular Implants
- Orthopedic Implants
- Neurological Implants
- Others
- Stationary Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Infusion Pumps
- Ventilators
- Dialysis Machines
- Others
5. Global Connected Medical Device Market, By Application, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Remote Patient Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Telemedicine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Clinical Decision Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Chronic Disease Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Fitness and Wellness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Connected Medical Device Market, By End User, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Long-Term Care Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Connected Medical Device Market, By Region, 2020 - 2032, (USD Bn)
- Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By End User, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country/Sub-region, 2020 - 2032, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Abbott Laboratories
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- AliveCor
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Becton, Dickinson and Company (BD)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Boston Scientific
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cerner Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- General Electric (GE) Healthcare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Honeywell Life Care Solutions
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Johnson & Johnson
- Masimo
- Medtronic
- Philips Healthcare
- ResMed
- Roche Diagnostics
- Siemens Healthineers
- Stryker Corporation
- Epitel, Inc.
- Garmin Ltd.
- Fitbit, Inc. (now part of Google)
- Omron Healthcare, Inc.
- ZOLL Medical Corporation
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
