Global Internet of Things (IoT) Medical Devices Industry

Global Internet of Things (IoT) Medical Devices Industry

  • April 2021 •
  • 107 pages •
  • Report ID: 6031972 •
  • Format: PDF
Abstract:
- Global Internet of Things (IoT) Medical Devices Market to Reach $127 Billion by 2027
- Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Medical Devices estimated at US$31.3 Billion in the year 2020, is projected to reach a revised size of US$127 Billion by 2027, growing at a CAGR of 22.2% over the analysis period 2020-2027. Wi-Fi, one of the segments analyzed in the report, is projected to record a 23.5% CAGR and reach US$55.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bluetooth segment is readjusted to a revised 21.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 21.6% CAGR
- The Internet of Things (IoT) Medical Devices market in the U.S. is estimated at US$9.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.1 Billion by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20% and 18.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR.
- ZigBee Segment to Record 22.1% CAGR
- In the global ZigBee segment, USA, Canada, Japan, China and Europe will drive the 22.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5 Billion in the year 2020 will reach a projected size of US$20.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.8 Billion by the year 2027.

- Select Competitors (Total 37 Featured) -
  • Abbott Laboratories
  • Agamatrix
  • Alivecor
  • Biotelemetry
  • Biotronik
  • Boston Scientific
  • GE Healthcare
  • Honeywell Life Care Solutions
  • Ihealth Lab
  • Johnson & Johnson
  • Medtronic
  • Omron
  • Philips Healthcare (Philips)
  • Siemens
  • Stanley Healthcare
  • Welch Allyn