Pune, India -- (SBWIRE) -- 01/23/2019 -- Connected Medical Device market report analyzes the various aspects and trends in forthcoming years and key factors behind the growth and demand of this Connected Medical Device market is analyzed detailed in this report. It also provides an in-depth analysis of the various frameworks such as the growth rate, futuristic cost and revenue, demand and the supply data.

The connected medical devices market is one of the most lucrative markets, as it is expected to generate considerable revenue, in the near future. The mobile platform can play a vital role in the increasing proliferation of connected devices in the connected healthcare segment, as about 52% of the smartphone users gather health-related information on their phones. The increasing penetration of the connected devices and consistent technological advancements (such as artificial intelligence, machine learning, and blockchain) are expected to bolster growth of the market studied.

The Global Connected Medical Device Market is expected to grow at a CAGR of around 9.32% over the forecast year 2018-2023.

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Competitive Analysis:

Connected Medical Device market report presents the market competitive landscape and a corresponding detailed analysis of the major key players in the industry. Top leading companies in Connected Medical Device market are Medtronic Inc., Koninklijke Philips Nv, Cisco Systems Inc., Ibm Corporation, Ge Healthcare, Microsoft Corporation, Sap Se, Qualcomm Life Inc., Honeywell International Inc., Stanley Healthcare, And Diabetizer Gmbh & Co. Kg, Among Others.

Connected Medical Device Market Dynamics:

Drivers:

Cost Reduction with Deployment of IoT
Consistent Developments in Artificial Intelligence
Increasing Adoption of Connected Devices in the Healthcare Industry
Restraints:

Performance and Certification Challenges
Inefficient Connectivity in Rural Areas

Regional Analysis: Connected Medical Device market report covers each region based on market findings across major countries in the market.

-North America (United States, Canada.)
-Europe (Germany, United Kingdom, France, Rest of Europe)
-Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
-Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East and Africa)
-South America

Manufacturing cost structure:

The Connected Medical Device Market report also includes the manufacturing cost structure and offerings the various facts such as raw material, overall production process, and the industry chain structure. Each region key aspects are provided which is attracting this market towards growth.

Key Developments in the Market:

-July 2018: The company announced its partnership with University College London, to open an artificial intelligence research center, in which, the comWWpany would be investing GBP 77 million. The facility is expected to commence operations by 2019, and would house 200 technicians and train next-generation AI technicians, in addition to conducting front-end research
-July 2018: IBM Corporation partnered with Aramark, to identify when an MRI or X-ray machine needs assistance, by using analytics and informing the technician, when the device needs to be repaired or replaced.

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Forecast Analysis:

Historical Year: 2013-2018 || Base Year: 2018 || Forecast Year: 2018-2023

Reasons to Purchase this Report:

Highlight the current and future potentials of the Connected Medical Device Market in the well-established and emerging markets
Study the different market prospects with the help of analytical tools like Porter's five forces analysis
Recognize the growth rate of the different segments that are likely to dominate the market
Study the latest development trends, market shares, and strategies employed by competitors.

Connected Medical Device Market Report Provides Answers to The Following Questions:

-Which countries will see the highest percentage of growth?
-What will the market size be in 2023, and at what rate will it grow?
-What market trends, challenges, and obstacles are influencing its growth?
-Who are the major key players, and what are their strategies?

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