Network Connected Medical Devices Market - Table of Content, Fast Growth Industry, Analysis and Forecast (2019-2024) | Myontec Ltd., OxyGo LLC


Posted May 16, 2020 by Goal_T

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The global network connected medical devices market was valued at USD 20.0 billion in 2018. The market is growing owing to extensive dissemination of network connected medical devices in healthcare domain, excessive occurrence of chronic conditions, adoption of smart phone based progressive health techniques and extensive expenditure incurred by private and government organizations.

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Increasing investment in network connected medical devices and increasing geriatric population are the key factors that are driving the growth of global network connected medical devices market. Furthermore, rapid deduction in cost of care is another factor pertaining towards the growth of global network connected medical devices market as network connected devices enables clinics and hospitals in reducing operational costs by eliminating the requirement of accumulating full time employees for assisting in various departments.

Network connected medical devices market in Asia-Pacific is anticipated to witness highest CAGR during the forecast period owing to extensive initiatives adhered in the region for stimulating demand of health services, excessive adoption of latest techniques such as smart watches and improving health IT infrastructure.

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The eminent key players in the global network connected medical devices market are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.

Some of the players having prominent presence in the global network connected medical devices market include Nonin Medical Inc., NuvoAir AB, Koninklijke Philips N.V., Hoffmann-La Roche Ltd., PhysIQ Inc., General Electric Company, Drgerwerk AG & Co. KGaA, Fresenius Medical Care AG & Co. KGaA, Medtronic plc, Myontec Ltd., OxyGo LLC, Proteus Digital Health Inc., Aerotel Medical Systems Ltd., Aero Healthcare AU Pty Ltd., OMRON Corporation, and Hill-Rom Holdings Inc.

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Last Updated May 16, 2020