IoT Medical Devices Market Analysis and Future Scenarios
Major players in the industry are eager to invest in technological advancements and focus on designing products to meet the needs of the times. New products are launched to support healthcare professionals and facilitate the treatment of a condition or disease.
The evolution of high-speed networking technology will drive the market over the forecast period. Moreover, there has been a tremendous increase in the penetration and availability of tablets, smartphones, smart watches and other digital media, which is expected to help the market to gain maximum shares in the healthcare industry. Focus on patient safety and increasing government initiatives to promote digital health will help the market grow in the coming years. An increase in the need for cost-effective treatments in the healthcare sector will support the market.
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For example, in November 2017, Medtronic announced that it had received the CE mark for a new product called Intellis. Intellis works as a platform for peripheral nerve stimulation and spinal cord stimulation to help with certain types of chronic pain. As the need for technological advancements in the healthcare sector increases, manufacturers need to focus on improving conditions such as high blood pressure and abnormalities in blood glucose levels to provide proper delivery of medication.
An increase in the number of diseases that can be monitored and tracked using IoT medical devices is estimated to help the market grow in the coming years. An increasing number of people suffering from diabetes mellitus need help with medical devices that can continuously monitor blood glucose levels where they are expected to either rise or fall, which is important to keep track of.
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- Philips
- GE Healthcare
- Abbott Laboratories
- Stanley Healthcare
- Johnson and Johnson
- Boston Scientific
- Siemens
- Medtronic
- Honey Well Life Care Solutions
- Boston Scientific Corporation
- BioTelemetry
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· Analytical depiction of the global IoT Medical Device industry, current trends and future estimated investment destination to determine.
· Presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global IoT Medical Devices market share.
· The current market is quantitatively analyzed to shed light on the growth scenario of the global medical devices market from 2020 to 2027.
· This report provides a detailed global market analysis based on competitive intensity and how the competition will shape up in the coming years.
