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Global Connected Medical Devices Market to Rise at 9.24% CAGR between 2017 and 2021

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Published on : Feb 22, 2018

ALBANY, New York, Feb 22, 2018: The research study, titled “Global Connected Medical Devices Market 2017-2021,” offers a comprehensive evaluation of this market, highlighting the growth boosters, obstructions, future prospects, and the dynamic competitive landscape of this market, especially. It also assesses the most prominent market trends and the current and previous performance of this market in order to determine its status in the near future.

According to the research report, the increasing prevalence of chronic diseases, such as diabetes, hypertension, chronic pain conditions, cardio-vascular diseases and their related risk factors, including sleep apnea and obesity, and chronic respiratory diseases, such as asthma, across the world is the main factor behind the tremendous growth of the global connected medical device market and is expected to continue to boost this market over the next few years. The opportunity in this market is projected to expand at a CAGR of 9.24% over the period from 2017 to 2021.

In this research report, the global market for connected medical devices has been assessed on the basis of the type of the product and the geography. Based on the type of the product, this market has been classified into connected physiological monitors, connected capital-intensive devices, and connected wearable medical devices. Among the three, the demand for connected capital-intensive devices is greater, thanks to the growing incidence of chronic pain conditions and cardiac disorders. With the rising number of medical imaging tests being performed, this segment is likely to retain its supremacy in the years to come, states the research report.

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Based on the geography, the worldwide connected medical devices market has been categorized into the Americas, Asia Pacific (APAC), and Europe and the Middle East and Africa (EMEA). Hitherto, the global market has been led by the Americas and the scenario will remain the same over the next few years, reports the research study. 

Further, an assessment of the business landscape of the worldwide market for connected medical devices have been offered in this research study by evaluating the profiles of the key participants. As per the market report, GE Healthcare, Fitbit, OMRON Corp., Medtronic, and Philips Healthcare are the leading vendors of connected medical devices across the world. Other prominent vendors in this market are Abbott, Boston Scientific Corp., AgaMatrix, Dexcom, Garmin, F. Hoffmann-La Roche, iHealth Labs (subsidiary of Andon Health), Johnson & Johnson, Jawbone, LabStyle Innovations, McKesson Corp., LifeWatch, Nokia, True Wearables, Polar Electro, and TupeloLife. The report concludes with a comprehensive data regarding the business operations and financial structures of the leading vendors in this market, providing an overview of its competitive landscape.

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