Medical Device Market

$1,995.00$4,995.00

Medical Device Market by Device Type, Function, Durability, Therapeutic Segment, Risk Classification, Manufacture Method, Delivery/Acquisition, Operational Support Model, Connectivity and Region 2019 – 2024

This medical device market report evaluates the market for both traditional and connected healthcare devices. Analysis includes medical device market sizing with a wide variety of segmentation including medical device type, solution, location/usage area, medical device function, medical device durability, medical device usage by therapeutic segment, medical device risk classification, manufacture method (traditional or 3D printed), method of medical device delivery or acquisition, medical device operational support model, and medical device connectivity method.



Request more information about this report



REQUEST TYPE


Sample of Report RequestQuestion About Report

Provide the requested Contact Information below and we'll email you a Sample of Report

CONTACT INFORMATION









(*required field)

TELL US ABOUT YOUR QUESTION




DATA PRIVACY






Description

Traditionally focused on preventative care, diagnostics, and urgent care, the connected medical device market is increasingly crossing over into the general health and well-being category. This is especially the case with wearable devices used in the sports and fitness category, which may, for example, double as an apparatus for early detection, such as irregular heartbeat. This is important because an arrhythmia can be indicative of more serious problems developing.

Connected Medical Device Market Dynamics

Connected medical devices are increasingly becoming the norm with significant improvements in ICT as a whole, coupled with evolution of microelectronics, display capabilities, and a fast growing medical device market. By definition, a connected medical device is one that can communicate information over a distance and/or be controlled remotely as in a telemedicine scenario.

Connections may be local (via WiFi, Bluetooth, or some proprietary local or personal area wireless) with long distance communication via a gateway device (such as a router) or they may connect directly to a Wide Area Network (WAN) via cellular technologies such as LTE or 5G. The connected medical device market includes both wearable technologies as well as non-wearable devices.

Next generation connected medical devices include smart vitamin analysis devices, which provide information about vitamin and mineral levels as well as nutrient recommendations, smart body analysis devices, which provide an assessment of deficiencies or excesses in the body along with recommendations to bring balance, smart stress management devices, which measure electro-dermal (electricity within the skin) to determine stress response, and smart pills solutions in which ingestible tablets or capsules embedded with sensor, camera, tracker, or microchip are swallowed by a person for purposes of obtaining physiological status and activities.

In terms of medical device market adoption, Mind Commerce sees a few factors that inhibit usage of the connected device market. One of the foremost is concerns for healthcare devices in particular is security/privacy at both the end-user as well as corporate level. This is especially true with connected medical devices, which may be prone to malware and hacking.

Regarding security concerns, unwanted access to medical device software and operating systems could potentially render a device non-functioning and/or under the control of an unauthorized user. In terms of privacy issues, client sensitive data is generated continuously within the connected medical device market as equipment communicates device status, measurements, and patient status via wired and/or wireless connections.

Because of these issues, the medical device market will be heavily reliant upon the IoT device management market to ensure proper authentication and authorization for access and data acquisition. In addition, within the medical device market supply chain, there is a need for efficient device tracking in terms of both care of custody for delivery as well as usage for the traditional product and medical device as a service models respectively.

This is true for a variety of reasons, but most notably because some equipment within the medical device market is very expensive and prone to damage if mishandled. In addition, medical devices in acute care situations are needed in the moment, rendering any incidence in which a device is lacking, missing, or damaged a potential cause of great harm to a patient.

Accordingly, there is a growing need within the asset tracking market for solutions to support the medical device market. This is inherently possible as part of the connected medical device market as equipment is by definition capable of communications locally and/or via a WAN to a centralized monitoring center and/or cloud computing systems.

An increasingly interconnected market, coupled with advanced solutions to protect user privacy and device security, are all factors that we see paving the way for over 25% of developed countries to utilize connected device enabled telemedicine as the primary method of healthcare service delivery by 2030.

Connected Medical Device Market Report

This report covers global leading medical device market suppliers and service providers. The report also assesses medical device market drivers, challenges, and impact of technology convergence. The report also evaluates the issues specific to connected devices such as security and privacy. The report provides medical device market sizing with forecasts from 2019 to 2024 as follows:

  • Durability: Durable and Non-durable
  • Risk Classification: Class I, Class II, and Class III
  • Manufacture Method: Traditional and 3D Printed
  • Operational Support Model: Online and Field-based
  • Connectivity Method: Bluetooth, 3G, LTE, 5G, Wi-Fi, Other Non-cellular
  • Device Type: Wearable, Implanted, Portable-Handheld, Stationary, Peripherals, and Other
  • Revenue Model: Sales (direct), Revenue Sharing, Rental, Pay-per-Procedure, Support, and Other
  • Region of the World: North America, Asia Pacific, Europe, Middle East and Africa, and Latin America
  • Solution: Diagnostics, In-Patient Monitoring, Out Patient Monitoring, Surgical Procedures, and Medical Treatment
  • Location/ Usage Area: Hospitals and Urgent Care Facility, Home, Physician’s Office, Clinic or Routine Care Facility, and Body Wearable
  • Function: Critical Care Equipment (Life Support and Others), Diagnostic Equipment (In-vitro and others), Dental Equipment and Supplies, Irradiation Apparatuses, Medical Laboratory Equipment, Medical Monitoring Equipment, Organ Transplants, Surgical Instruments and Appliances, Treatment and Therapy Equipment, and Other
  • Non-durable Types: Diagnostic, Dialysis, Inhalation, Wound Care, Radiology, Infection Control, Infusion, Intubation and Ventilation, Personal Protection, Hypodermic, Sterilization, and Other
  • Delivery/Acquisition (Traditional Device): Purchased and Used by Medical Facility by Patients, Purchased and Used by Consumer, and Purchased by Healthcare Supplier and Leased by Consumer
  • Delivery/Acquisition (Connected Device): Total Do-it-Yourself (DIY) by End-user, Pre-integrated Communication/Control with Healthcare Company, Configurable Communication/Control with any Third-party, and Medical Device as a Service (e.g. end to end solution including security/privacy protection)
  • Therapeutic Segment: Anesthesia, Respiratory, Audiology, Cardiovascular, Dental, Diabetes, Ear Nose and Throat, Gastroenterology, Neurology, Nephrology, Oncology and Hematology, Ophthalmic, Orthopedic, Pediatric, Skincare (Wound Management, Plastic Surgery, etc.), Urology-Gynecology, and Other
  • Industry Sub-sector: Critical Care Devices, Diagnostic Equipment, Drug Delivery Systems, Dental Equipment and Supplies, Electro-medical Equipment, Implants, In-Vitro Diagnostics, Irradiation Apparatuses, Life-support Equipment, Medical Laboratory Equipment, Medical Monitors, Organ Transplant, Peripherals and Medical Supplies, Portable-handheld Devices, Surgical and Medical Instruments, Surgical Appliances and Supplies, Therapy Machines, Treatment Equipment, Wearable Monitoring and Diagnostics, and Other

Additional information

Published

2019

Pages

153

Target Audience

Application Developers, Cloud and Internet of Things Companies, Data Analytics Companies, Electronics Manufacturers, Governmental Organizations and NGOs, Hospitals, Clinics and Diagnostic Centers, Managed Services Companies, Management Consultants, Smart Device Providers, Systems Integrators

License Type

, , ,

Companies in Report

  • Abbott Laboratories
  • Abiomed Inc.
  • Accuray Inc.
  • Affectiva
  • Angiodynamics Inc.
  • Atricure Inc.
  • Axogen Inc.
  • Basehealth
  • Baxter International Inc.
  • Becton Dickinson
  • Biodirection
  • Bio Rad Laboratories Inc.
  • Biotelemetry Inc.
  • Boston Scientific Corp.
  • Bruker Corp
  • Cantel Medical Corp.
  • Cardiac Insight
  • Cardiovascular Systems Inc.
  • Clinipace
  • Conmed Corp.
  • Cryolife Inc.
  • Danaher Corp
  • Dexcom Inc.
  • Edwards Lifesciences Corp
  • Evena Medical
  • Fitbit
  • Glaukos Corp.
  • Globus Medical Inc Class A
  • Heska Corp.
  • Hill Rom Holdings Inc.
  • Hologic Inc.
  • Idexx Laboratories Inc
  • Inogen Inc.
  • Insulet Corp
  • Integer Holdings Corp.
  • Integra Lifesciences Holdings Corp
  • Intuitive Surgical Inc.
  • Irhythm Technologies Inc.
  • Lemaitre Vascular Inc.
  • Livanova Plc
  • Livongo
  • Masimo Corp.
  • Medtronic Plc
  • Memed
  • Natus Medical Inc.
  • Nevro Corp
  • Nuvasive Inc.
  • Orthofix Medical Inc.
  • Penumbra Inc.
  • Pocared Diagnostics
  • Qualcomm Life
  • Resmed Inc.
  • Staar Surgical
  • Steris
  • Stryker Corp
  • Surmodics Inc.
  • Tactile Systems Technology Inc
  • Tandem Diabetes Care Inc.
  • Teleflex Inc.
  • Thermo Fisher Scientific Inc.
  • Transenterix Inc.
  • Varex Imaging Corp.
  • Varian Medical Systems Inc.
  • Verb Surgical
  • Viewray Inc.
  • Water Corp.
  • Wright Medical Group Nv
  • Zimmer Biomet Holdings Inc.

Table of Contents

1.0 Executive Summary
2.0 Medical Device Market
2.1 Medical Device Types
2.1.1 Stationary Medical Devices
2.1.2 Portable Medical Devices
2.1.3 Wearable Medical Devices
2.1.4 Implantable Medical Devices
2.2 Medical Device Functions
2.3 Medical Device Durability
2.4 Medical Device Support of Therapeutic Regimens
2.5 Medical Device Classification by Risk Level
2.6 Medical Device Manufacturing Alternatives
2.7 Medical Device Delivery and Acquisition Alternatives
2.8 Medical Device Support Alternatives
3.0 Medical Device Market Dynamics
3.1 Medical Device Market Overview
3.2 Medical Device Market Constraints
3.2.1 Challenges of a Fast-moving Industry
3.2.2 Medical Device Regulation
3.3 Medical Device Market Drivers
3.4 Medical Device Technology Convergence
3.4.1 Connected Health Technologies
3.4.2 AI, IoT, and Data Analytics
4.0 Connected Medical Devices
4.1 Connected vs. Non-connected Medical Devices
4.2 Connected Medical Device Challenges
4.3 Connected Medical Device Opportunities
4.4 Connected Medical Device Enablers
4.5 Connected Health = Sports, Wellness, and Medical Devices
5.0 Leading Medical Device Companies
5.1 ABBOTT LABORATORIES
5.2 ABIOMED INC.
5.3 ACCURAY INC.
5.4 AFFECTIVA
5.5 ANGIODYNAMICS INC.
5.6 ATRICURE INC.
5.7 AXOGEN INC.
5.8 BASEHEALTH
5.9 BAXTER INTERNATIONAL INC.
5.10 BECTON DICKINSON
5.11 BIODIRECTION
5.12 BIO RAD LABORATORIES INC.
5.13 BIOTELEMETRY INC.
5.14 BOSTON SCIENTIFIC CORP.
5.15 BRUKER CORP
5.16 CANTEL MEDICAL CORP.
5.17 CARDIAC INSIGHT
5.18 CARDIOVASCULAR SYSTEMS INC.
5.19 CLINIPACE
5.20 CONMED CORP.
5.21 CRYOLIFE INC.
5.22 DANAHER CORP
5.23 DEXCOM INC.
5.24 EDWARDS LIFESCIENCES CORP
5.25 EVENA MEDICAL
5.26 FITBIT
5.27 GLAUKOS CORP.
5.28 GLOBUS MEDICAL INC CLASS A
5.29 HESKA CORP.
5.30 HILL ROM HOLDINGS INC.
5.31 HOLOGIC INC.
5.32 IDEXX LABORATORIES INC
5.33 INOGEN INC.
5.34 INSULET CORP
5.35 INTEGER HOLDINGS CORP.
5.36 INTEGRA LIFESCIENCES HOLDINGS CORP
5.37 INTUITIVE SURGICAL INC.
5.38 IRHYTHM TECHNOLOGIES INC.
5.39 LEMAITRE VASCULAR INC.
5.40 LIVANOVA PLC
5.41 LIVONGO
5.42 MASIMO CORP.
5.43 MEDTRONIC PLC
5.44 MEMED
5.45 NATUS MEDICAL INC.
5.46 NEVRO CORP
5.47 NUVASIVE INC.
5.48 ORTHOFIX MEDICAL INC.
5.49 PENUMBRA INC.
5.50 POCARED DIAGNOSTICS
5.51 QUALCOMM LIFE
5.52 RESMED INC.
5.53 STAAR SURGICAL
5.54 STERIS
5.55 STRYKER CORP
5.56 SURMODICS INC.
5.57 TACTILE SYSTEMS TECHNOLOGY INC
5.58 TANDEM DIABETES CARE INC.
5.59 TELEFLEX INC.
5.60 THERMO FISHER SCIENTIFIC INC.
5.61 TRANSENTERIX INC.
5.62 VAREX IMAGING CORP.
5.63 VARIAN MEDICAL SYSTEMS INC.
5.64 VERB SURGICAL
5.65 VIEWRAY INC.
5.66 WATER CORP.
5.67 WRIGHT MEDICAL GROUP NV
5.68 ZIMMER BIOMET HOLDINGS INC.
6.0 Medical Device Market Analysis and Forecasts 2019 – 2024
6.1 Global Medical Device Market Outlook
6.2 Medical Device Market by Manufacturing Method 2019 – 2024
6.3 Medical Device Market by Solution 2019 – 2024
6.4 Medical Device Market by Location/ Usage 2019 – 2024
6.5 Medical Device Market by Delivery/Acquisition 2019 – 2024
6.6 Medical Device Market by Risk Classification 2019 – 2024
6.7 Medical Device Market by Key Therapeutic Segment 2019 – 2024
6.8 Medical Device Market by Device Type 2019 – 2024
6.9 Medical Device Market by Revenue Model 2019 – 2024
6.10 Medical Device Market by Support Model 2019 – 2024
6.11 Medical Device Market by Specific Device Function 2019 – 2024
6.12 Medical Device Markets by Durability Type 2019 – 2024
6.13 Non-Durable Medical Device Market by Segment 2019 – 2024
6.14 Medical Device Market by Region 2019 – 2024
6.14.1 North America Medical Device Market 2019 – 2024
6.14.2 South America Medical Device Market 2019 – 2024
6.14.3 Europe Medical Device Market 2019 – 2024
6.14.4 Asia Pacific Medical Device Market 2019 – 2024
6.14.5 Middle East and Africa Medical Device Market 2019 – 2024
7.0 Connected Medical Device Market Analysis and Forecasts 2019 – 2024
7.1 Connected Medical Device Market Drivers
7.1.1 Connected Health and Telemedicine
7.1.1 Wearable Healthcare Devices
7.1.1 Specialized Healthcare Devices
7.2 Global Connected Medical Device Market Outlook
7.3 Connected Medical Device Market by Manufacturing Method 2019 – 2024
7.4 Connected Medical Device Market by Location/ Usage 2019 – 2024
7.5 Connected Medical Device Market by Delivery/Acquisition 2019 – 2024
7.6 Connected Medical Device Market by Risk Classification 2019 – 2024
7.7 Connected Medical Device Market by Industry Sub-sector 2019 – 2024
7.8 Connected Medical Device Market by Key Therapeutic Segments 2019 – 2024
7.9 Connected Medical Device Market by Connectivity Method
7.10 Connected Medical Device Markets by Region 2019 – 2024
7.10.1 North America Connected Medical Device Market 2019 – 2024
7.10.2 South America Connected Medical Device Market 2019 – 2024
7.10.3 Europe Connected Medical Device Market 2019 – 2024
7.10.4 Asia Pacific Connected Medical Device Market 2019 – 2024
7.10.5 Middle East and Africa Connected Medical Device Market 2019 – 2024

Figures

Figure 1: Stationary Medical Devices
Figure 2: Portable Medical Devices
Figure 3: Wearable Device Ecosystem
Figure 4: Wearable vs. Implantable Medical Devices
Figure 5: Smart Pills System as Implantable Medical Device Solution
Figure 6: Emerging 3D Printed Body Related Solutions
Figure 7: Medical Device Acquisition and Usage
Figure 8: Medical Device Support Dynamics
Figure 9: Portable Medical Device Communications
Figure 10: Connected Device Communications
Figure 11: Global Markets for Medical Devices 2019 – 2024
Figure 12: Medical Device Market by Manufacturing Method 2019 – 2024
Figure 13: Medical Device Market by Solution 2019 – 2024
Figure 14: Medical Device Market by Location/ Usage 2019 – 2024
Figure 15: Medical Device Market by Delivery/Acquisition 2019 – 2024
Figure 16: Medical Device Market by Risk Classification 2019 – 2024
Figure 17: Medical Device Market by Therapeutic Segment 2019 – 2024
Figure 18: Medical Device Market by Device Type 2019 – 2024
Figure 19: Medical Device Market by Revenue Model 2019 – 2024
Figure 20: Medical Device Market by Support Model 2019 – 2024
Figure 21: Medical Device Market by Specific Device Function 2019 – 2024
Figure 22: Medical Device Market by Durability Type 2019 – 2024
Figure 23: Non-Durable Medical Device Market by Segment 2019 – 2024
Figure 24: Medical Device Market by Region 2019 – 2024
Figure 25: North America Medical Device Market 2019 – 2024
Figure 26: South America Medical Device Market 2019 – 2024
Figure 27: Europe Medical Device Market 2019 – 2024
Figure 28: Asia Pacific Medical Device Market 2019 – 2024
Figure 29: Middle East and Africa Medical Device Market 2019 – 2024
Figure 30: Global Connected Medical Device Market 2019 – 2024
Figure 31: Connected Medical Device Market by Manufacturing Method 2019 – 2024
Figure 32: Connected Medical Device Market by Location/ Usage 2019 – 2024
Figure 33: Connected Medical Device Market by Delivery/Acquisition 2019 – 2024
Figure 34: Connected Medical Device Market by Risk Classification 2019 – 2024
Figure 35: Connected Medical Device Market by Industry Sub-sector 2019 – 2024
Figure 36: Connected Medical Device Market by Therapeutic Segment 2019 – 2024
Figure 37: Connected Medical Device Market by Connectivity Method 2019 – 2026
Figure 38: Connected Medical Device Market by Region 2019 – 2024
Figure 39: North America Connected Medical Device Market 2019 – 2024
Figure 40: South America Connected Medical Device Market 2019 – 2024
Figure 41: Europe Connected Medical Device Market 2019 – 2024
Figure 42: Asia Pacific Connected Medical Device Market 2019 – 2024
Figure 43: Middle East and Africa Connected Medical Device Market 2019 – 2024

Tables

Table 1: Global Markets for Medical Devices 2019 – 2024
Table 2: Medical Device Market by Manufacturing Method 2019 – 2024
Table 3: Medical Device Market by Solution 2019 – 2024
Table 4: Medical Device Market by Location/ Usage 2019 – 2024
Table 5: Medical Device Market by Delivery/Acquisition 2019 – 2024
Table 6: Medical Device Market by Risk Classification 2019 – 2024
Table 7: Medical Device Market by Therapeutic Segment 2019 – 2024
Table 8: Medical Device Market by Device Type 2019 – 2024
Table 9: Medical Device Market by Revenue Model 2019 – 2024
Table 10: Medical Device Market by Support Model 2019 – 2024
Table 11: Medical Device Market by Specific Device Function 2019 – 2024
Table 12: Medical Device Market by Durability Type 2019 – 2024
Table 13: Non-Durable Medical Device Market by Segment 2019 – 2024
Table 14: Medical Device Market by Region 2019 – 2024
Table 15: North America Medical Device Market 2019 – 2024
Table 16: South America Medical Device Market 2019 – 2024
Table 17: Europe Medical Device Market 2019 – 2024
Table 18: Asia Pacific Medical Device Market 2019 – 2024
Table 19: Middle East and Africa Medical Device Market 2019 – 2024
Table 20: Global Connected Medical Device Market 2019 – 2024
Table 21: Connected Medical Device Market by Manufacturing Method 2019 – 2024
Table 22: Connected Medical Device Market by Location/ Usage 2019 – 2024
Table 23: Connected Medical Device Market by Delivery/Acquisition 2019 – 2024
Table 24: Connected Medical Device Market by Risk Classification 2019 – 2024
Table 25: Connected Medical Device Market by Industry Sub-sector 2019 – 2024
Table 26: Connected Medical Device Market by Therapeutic Segments 2019 – 2024
Table 27: Connected Medical Device Market by Connectivity Method 2019 – 2026
Table 28: Connected Medical Device Market by Region 2019 – 2024
Table 29: North America Connected Medical Device Market 2019 – 2024
Table 30: South America Connected Medical Device Market 2019 – 2024
Table 31: Europe Connected Medical Device Market 2019 – 2024
Table 32: Asia Pacific Connected Medical Device Market 2019 – 2024
Table 33: Middle East and Africa Connected Medical Device Market 2019 – 2024

License Types

Licensing Rights and Privileges
Our publications represent client privileged information. No material in them may be stored, reproduced, distributed, in whole or in part, without prior written permission from Mind Commerce.


License Types

Single-User: Provides the right to the purchaser or their designee to utilize a publication including reading, printing, and storing on one machine such as a laptop or desktop computer. This license is appropriate for an individual or single-person usage within a company.

Multi-User: Provides the right for a group of up to five people within an organization to utilize a publication including reading, printing, and storing on one machine for each respective user. (Note: Let us know if you need a special license for more than five people but less than an entire corporate site).

Enterprise Site: Provides the right for a Single Site of an Organization to store, read, and distribute a publication within its own organization. This licensing option is often chosen by businesses or NGO’s that have a single site/location.

Global Enterprise: Provides the right for an Entire Global Organization to store, read, and distribute a publication within its own organization (including placement on corporate intranet), but not distribute outside the enterprise to any third party. This licensing option is often chosen by large businesses, governments, or NGO’s to Benefit all Employees and also to Maintain Organizational Intellectual Property Compliance.

Payment Options

Mind Commerce offers flexible and convenient methods for ordering research and paying for purchases:

  • Credit Card: Major credit cards via secure online, fax, or over the phone – Read More
  • Purchase Order: We accept corporate PO to initiate a research order – Read More
  • Prepayment: Purchase prepaid credit for future research requests – Read More
  • Payment via Check, ACH, or Wire: Electronica of physical check – Read More
  • Alternative Payments: Payment via a client’s PayPal account – Read More