Network Connected Medical Devices Market Explores New Growth Opportunities

1. Network Connected Medical Devices Market to Reach $66.6 Billion by 2024

2. Network Connected Medical Devices Market The burden of chronic diseases is rising at a swift rate; around 8.8 million deaths occurred in 2015 due to chronic diseases, as per the World Health Organization (WHO). Similarly, the geriatric population and healthcare expenditure are on a rise as well, due to which the requirement for advanced medical technologies, services, and products that are cost-effective is increasing. One such advancement is network-connected medical devices, which can be connected to the cloud and computer and mobile applications. Access Detailed Report Summary: https://www.psmarketresearch.com/market-analysis/network-connected-medical-devices-market

3. Network Connected Medical Devices Market In 2018, the global network connected medical devices market reached a value of $19.5 billion and is further predicted to register a CAGR of 23.5% in the coming years. Several products make use of this technology: ingestible sensors, insulin pumps, patient monitoring devices, X-ray imaging systems, blood processing devices, glucose monitors, computed tomography (CT) scanners, dialysis machines, defibrillators, coagulation testing devices, continuous positive airway pressure (CPAP) machines, oxygen tanks, infusion pumps, smart beds, and ventilators. The highest demand during the time period 2014–2018 was created for patient monitoring devices. Further types of patient monitoring devices are weight, multi-parameter, hemodynamic, temperature, cardiac, respiratory, and neuromonitoring monitoring devices. In the near future, cardiac monitoring devices are expected to be the most in demand. Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/network-connected-medical-devices-market/report-sample

4. Network Connected Medical Devices Market However, it is expected that in the coming years, the healthcare infrastructure in emerging economies will improve; in fact, the process has already started, which will open up a wide scope for organizations operating in this domain. Both the public and private sectors in these countries are increasingly investing for the betterment of healthcare facilities. Moreover, now that the disposable income of people in developing countries is increasing, they will be able to afford advanced treatments. These factors are expected to drive the demand for network-connected medical devices in the near future.

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