About Web Connected Medical Devices
The web-connected medical devices enable are capable of transmitting the vital sign data from patients to the hospital staff anywhere. The web connection in medical devices offers real-time data monitoring of patients' health allowing easy and smooth operations like timely medicines dosage, recovery reports, etc. With the growing number of chronic diseases and prevailing COVID-19 worldwide, there is a need to have technologically advanced medical devices in hospitals worldwide. As they can provide some relief in patients' timely treatment and at the same time allowing hospital staff to perform check on other patients as well. However, with the increase in the number of patients the medical device shortage is growing
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips Healthcare (Netherlands), GE Healthcare (United States), St. Jude Medical, Inc. (United States), Hoffmann-La Roche Ltd (Switzerland), Dragerwerk AG & Co. KGaA (Germany), NuvoAir AB (Sweden), Omron Corporation (Japan), Smiths Group plc (United Kingdom), Aerotel Medical Systems (Israel), Proteus Digital Health, Inc (United States) and Hill-Rom Holdings, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Web Connected Medical Devices market by Type (Patient Monitoring Devices, ECG, Dialysis Machines, Defibrillators, Ventilators, Imaging Systems and Others), Application (Hospitals, Ambulatory Surgical Centers, Specialty Clinics and Home Care Settings) and Region.
On the basis of geography, the market of Web Connected Medical Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Connectivity, the sub-segment i.e. BLE will boost the Web Connected Medical Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modality, the sub-segment i.e. Wearable Web Connected Medical Devices will boost the Web Connected Medical Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Adoption of Internet of Things in Web Connected Medical Devices and Cloud-based Web Connected Medical Devices which can be Operated Remotely
Market Growth Drivers:
Rising Number of Patients in Prevailing COVID-19 Worldwide who needs Technologically Advanced Treatment and Growing Technological Advancement in Every Domain
Challenges:
Huge Investment Cost in Web Connected Medical Devices and Cybersecurity Related Concerns with Web Connected Medical Devices
Restraints:
The Issues with Bluetooth Low Energy Vulnerability Affecting Web Connected Medical Devices and Scarcity of Web Connected Medical Devices Due to Excess Number of Patients
Opportunities:
Research and Development in Web Connected Medical Devices
"At the EU level, the cybersecurity of medical devices or to operators dealing with protecting or processing of personal data stored in medical devices and might apply in parallel to the Medical Devices Regulations. The cooperation among all the Member States, by setting up a cooperation group, in order to support and facilitate strategic cooperation and the exchange of information among the Member States. They will also need to set a CSIRT Network, in order to promote swift and effective operational cooperation on specific cybersecurity incidents and sharing information about risks."
Key Target Audience
Web Connected Medical Devices Manufacturers, Web Connected Medical Devices International Traders, Web Connected Medical Devices Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.