The Web Connected Medical Devices Market To Keep Innovation In Concurrence With Growth In The Next 10 Years.

Consumer health is one of the area which can more dramatically reshaped by the internet of things. Internet of things (IoT) medical devices or web connect medical devices have revolutionized the medical and healthcare industry in terms of delivering advanced and improved medical care thus leading to better clinical outcomes.

Web connected medical devices offer tremendous benefits including remote monitoring with the use of sensors network, actuators and other mobile communication devices called as web connected medical devices. Web connected medical device is a cloud based technology wherein patient’s vital parameters transmitted to the cloud based platforms where it is stored, aggregated and analyzed.

Advantages of using web connecting technology includes timely management of the patients medical condition thus reducing the overall mortality rate, reduced clinics visits, reduced hospital and emergency admission. Leading manufacturers of the medical devices are increasingly taking advantage of internet of things (IoT) in order to deliver the solutions in more efficient manner.

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The global market for web-connected medical devices market is segmented on the basis of product type, modality, end user and geography:

Product Type

Vital Signs Monitoring Devices

• Blood Pressure Measuring Devices
• Blood Glucose Monitoring Devices
• Pulse Oximeters
• ECG Monitoring Devices
• Others

Medication Monitoring Devices

• Medication Adherence Systems
• Smart Pill Dispenser

Safety Monitoring Devices Activity Monitoring Devices

Modality

• Wearable Web Connected Medical Devices
• Non-Wearable Web connected Medical Devices

End User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Home Care Settings

Capability of assessing, monitoring and obtaining real time data of patient’s medical condition, physiological parameters and activities, and in turn delivering precise care by collecting valuable data from patients and clinicians thus improving patient care and overall operations, is expected to boost the web connected medical device market in the near future.

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By regional presence, global web-connected medical devices market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America will continue to dominate the global web-connected medical devices market followed by Europe. Increasing.

The US Federal Drug Administration (FDA) efforts to encourage the leading medical device manufacturers of web connected medical devices to actively monitor their software for bugs is expected to fuel the market growth in the U.S. Therefore, in 2016 FDA issued guidelines outlining the web connected medical device security.

Also, increasing efforts of medical device manufacturers to incorporate connectivity to their formally unconnected medical devices will further accelerate the market growth and for connected medical devices. Rapid adoption of mobile health technology and increasing health conscious population will drive the market growth in the near term.

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Also, countries like Brazil, Mexico, China, India and Japan have the largest patient pool with chronic medical condition thus driving the demand for web-connected medical devices. Hesitation with respect to the data privacy concerns and reluctance to spend on such devices is expected to hamper the market growth of web connected medical devices in African countries.

Some of the major players operating in global web-connected medical devices market are Medtronic, Philips Healthcare (Koninklijke Philips N.V.), GE Healthcare (General Electric Company), St. Jude Medical, LLC, Omron Corporation and Smiths Group plc. Companies are involved in collaboration agreements for R&D to exploit maximum potential.