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Report
Smart Medical Devices: Global Markets
Market Research Report I 2022-06-02 I 104 Pages I BCC Research
Description
Report Scope:
This report will provide detailed exposure to the smart medical devices market, analyzing the market trends with data from 2020, estimates from 2021, projections of compound annual growth rates through 2026 (forecast period 2021-2026), and regional markets. The report highlights smart medical devices' current and future market potential and offers a detailed analysis of the competitive environment, covering regulatory scenarios, drivers, restraints, and opportunities. The report also
covers market projections for 2026 and market share for key market players.
The market has been segmented based on product type, application, and geography. Based on product type, the market in this report is segmented into wearable, non-wearable, and implantable medical devices. The applications of smart medical devices considered in this report include cardiovascular, diabetes, neurology, sleep disorders, and others.
The regional market analysis of smart medical devices is also covered in this report. The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, and the Rest of the World (RoW) regions. Detailed analysis of major countries such as the U.S., Germany, the U.K., Italy, France, Japan, China, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2020 because of the base year, with estimates for 2021 and forecast value for 2026.
*Note: The report's scope includes smart devices that are medically accepted and approved in the market and excludes smart trackers such as smart watches, wristband sensors, eye-wearing smart glasses, smart belts, earrings, earphones, headphones, gloves, shoes, baseball caps, bras, arm bands, scarfs, and many others.
Report Includes:
- 14 data tables and 14 additional tables
- An updated overview of the global market for smart medical devices within the industry
- Analyses of the global market trends, with historic market revenue (sales data) for 2019-2021, and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of the current and future market potential for smart medical devices, and areas of focus to forecast this market into various segments and sub-segments
- Evaluation and forecast the global market size for smart medical devices, projected growth trends, and corresponding market share analysis by product type, application, and geographic region
- Technology assessment of the key drivers, restraints and opportunities that will shape the market over the next five years (2021 to 2026)
- Analysis of market opportunities with detailed Porter's five forces analysis for the smart medical devices market
- In-depth information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Company profiles of major players, including Abbott, Boston Scientific Corp., F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Medtronic, Novo Nordisk
Executive Summary
Summary:
The global market for smart medical devices was valued at $REDACTED in 2020 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to reach over REDACTED by 2026. The growth of the global market is attributed to factors such as advancements in innovation and technologies, an increasing number of chronic diseases, and product launches of novel smart medical devices.
Smart medical devices are abbreviated as Self-Directed, Motivated, Adaptive, Resource-Enriched, and Technologies-Embedded (SMART). These IoT-based devices are embedded with sensors that collect and analyze data and transmit it to the patient or physician via a connected network using various modes of technology, such as Bluetooth, WiFi, and others.
Smart medical devices are used to manage various chronic diseases, therefore the increasing number of chronic diseases is another factor propelling growth in the market. The federal census estimates that people aged 65+ will make up nearly a quarter of the U.S. population by 2060. Studies show that nearly REDACTED% (REDACTED) of Americans have at least one chronic disease and REDACTED% (REDACTED) have more than one. It is estimated that, by 2023, the number of chronic disease cases will increase to REDACTED (REDACTED% of the total American population).
The global market for smart medical devices is segmented based on product type, application, and region.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Dynamics
Market Drivers
Wide Range of Potential Applications of Smart Medical Devices
Rising Prevalence of Chronic Disorders Globally
Increasing Adoption of Smart Medical Device Technologies
Development of IoT Technologies in Healthcare
Market Restraints
Limitations Associated with Smart Medical Devices
Product Recall
Growing Vulnerability of Devices and Data Security
Market Opportunities
Inorganic Strategies Amongst Market Players
Novel Product Launches
Increasing Government Investment in Healthcare Sectors
Chapter 4 Market Overview
Regulatory Landscape
U.S.
Europe
Asia-Pacific
Market Insights
IoT in the Smart Healthcare
Technologies
Future Perspective
Chapter 5 Impact of Covid-19 on Market
Overview
COVID-19 Crisis
Impact on Market for Smart Medical Devices
COVID-19 Measures
Current Outlook
Chapter 6 Market Breakdown by Product Type
Implantable Smart Medical Devices
Non-Wearable Smart Medical Devices
Wearable Smart Medical Devices
Chapter 7 Market Breakdown by Application
Cardiovascular Diseases
Diabetes
Neurology
Sleep Disorders
Others
Chapter 8 Market Breakdown by Region
Overview
North America
Europe
Asia-Pacific
Rest of World
Chapter 9 Analysis of Market Opportunities
Porter's Analysis
Threat of New Entrants
Threat of Substitutes
Bargaining Power of Suppliers
Bargaining Power of Buyers
Competitive Rivalry/Degree of Competition
Chapter 10 Competitive Landscape
Company Share Analysis
Chapter 11 Company Profiles
Major Companies
ABBOTT
BIOTRONIK
BOSTON SCIENTIFIC CORP.
F. HOFFMANN-LA ROCHE LTD.
KONINKLIJKE PHILIPS N.V.
LIVANOVA PLC
MEDTRONIC, INC.
NOVO NORDISK A/S
OMRON CORP.
YPSOMED HOLDING AG
Emerging Companies
BIOTRICITY
CONNECTEDHEALTH PTE. LTD.
DEBIOTECH SA
HEALTH CARE ORIGINALS
IHEALTH
INSULET CORP.
NEMAURA MEDICAL INC.
NEOFECT CO., LTD.
NEUROMETRIX, INC.
OMADA HEALTH INC.
PHILOSYS
PREVENTICE SOLUTIONS, INC.
QARDIO
SENSE4CARE
SONOVA
VITAL CONNECT
Chapter 12 Appendix: Abbreviations and Acronyms
List of Tables
Summary Table : Global Market for Smart Medical Devices, by Product Type, Through 2026
Table 1 : Global Diabetes Prevalence, Estimates and Projections, 2019-2045
Table 2 : Class I and II Exempt Devices
Table 3 : Global Market for Implantable Smart Medical Devices, by Region, Through 2026
Table 4 : Global Market for Non-Wearable Smart Medical Devices, by Region, Through 2026
Table 5 : Global Market for Wearable Smart Medical Devices, by Region, Through 2026
Table 6 : Global Market for Smart Medical Devices for Cardiovascular Diseases Treatment, by Region, Through 2026
Table 7 : Global Market for Smart Medical Devices for Diabetes Treatment, by Region, Through 2026
Table 8 : Global Market for Smart Medical Devices for Neurological Disorders Treatment, by Region, Through 2026
Table 9 : Global Market for Smart Medical Devices for Sleep Disorders Treatment, by Region, Through 2026
Table 10 : Global Market for Smart Medical Devices for Other Chronic Disease Treatment, by Region, Through 2026
Table 11 : Global Market for Smart Medical Devices, by Region, Through 2026
Table 12 : North American Market for Smart Medical Devices, by Country, Through 2026
Table 13 : European Market for Smart Medical Devices, by Country, Through 2026
Table 14 : Asia-Pacific Market for Smart Medical Devices, by Country, Through 2026
Table 15 : Diabetic Prevalence in the Rest of the World, by Sub-Region, 2019-2045
Table 16 : Rest of the World Market for Smart Medical Devices, by Sub-Region, Through 2026
Table 17 : Porter's Five Forces Analysis
Table 18 : Market Players and Offered Products for Various Applications
Table 19 : Abbott: Key Developments
Table 20 : Biotronik: Product Portfolio
Table 21 : Boston Scientific Corp.: Product Portfolio
Table 22 : Boston Scientific Corp.: Key Developments
Table 23 : F. Hoffmann-La Roche Ltd.: Key Developments
Table 24 : LivaNova PLC: Key Development
Table 25 : Medtronic: Key Developments
Table 26 : Omron Corp.: Key Development
Table 27 : Abbreviations and Acronyms
List of Figures
Summary Figure : Global Market Shares of Smart Medical Devices, by Product Type, 2020
Figure 1 : Technical and Market Challenges
Figure 2 : Privacy Challenges
Figure 3 : Regulatory and Legal Aspects of Market Access of Smart Devices
Figure 4 : Medical Device Marketing Process in the U.S.
Figure 5 : Classification of Smart Healthcare
Figure 6 : IoT in Smart Healthcare
Figure 7 : Wireless Technologies in Smart Healthcare
Figure 8 : Global Market for Implantable Smart Medical Devices, 2020-2026
Figure 9 : Global Market for Non-Wearable Smart Medical Devices, 2020-2026
Figure 10 : Global Market for Wearable Smart Medical Devices, 2020-2026
Figure 11 : Global Market for Smart Medical Devices for Cardiovascular Diseases Treatment, 2020-2026
Figure 12 : Global Market for Smart Medical Devices for Diabetes Treatment, 2020-2026
Figure 13 : Global Market for Smart Medical Devices for Neurological Disorders Treatment, 2020-2026
Figure 14 : Global Market for Smart Medical Devices for Sleep Disorders Treatment, 2020-2026
Figure 15 : Global Market for Smart Medical Devices for Other Chronic Disease Treatment, 2020-2026
Figure 16 : Global Market Shares of Smart Medical Devices, by Region, 2020
Figure 17 : North American Market for Smart Medical Devices, by Country, 2020-2026
Figure 18 : European Market for Smart Medical Devices, by Country, 2020-2026
Figure 19 : European Market Shares of Smart Medical Devices, by Country, 2020
Figure 20 : Asia-Pacific Market for Smart Medical Devices, by Country, 2020-2026
Figure 21 : Asia-Pacific Market Shares of Smart Medical Devices, by Country, 2020
Figure 22 : Rest of the World Market for Smart Medical Devices, by Sub-Region, 2020-2026
Figure 23 : Rest of the World Market Shares of Smart Medical Devices, by Sub-Region, 2020
Figure 24 : Global Market Shares of Smart Medical Devices, by Company, 2020
Figure 25 : Abbott: Annual Revenue, 2018-2020
Figure 26 : Abbott: Revenue Share, by Business Segment, 2020
Figure 27 : Boston Scientific Corp.: Annual Revenue, 2018-2020
Figure 28 : Boston Scientific Corp.: Revenue Share, by Business Segment, 2020
Figure 29 : F. Hoffmann-La Roche Ltd.: Annual Revenue, 2018-2020
Figure 30 : F. Hoffmann-La Roche Ltd.: Revenue Share, by Division, 2020
Figure 31 : Koninklijke Philips N.V.: Annual Revenue, 2018-2019
Figure 32 : Koninklijke Philips N.V.: Revenue Share, by Business Segment, 2020
Figure 33 : LivaNova PLC: Annual Revenue, 2018-2020
Figure 34 : LivaNova PLC: Revenue Share, by Business Unit, 2020
Figure 35 : Medtronic: Annual Revenue, 2018-2020
Figure 36 : Medtronic: Revenue Share, by Business Segment, 2020
Figure 37 : Novo Nordisk: Annual Revenue, 2018-2020
Figure 38 : Novo Nordisk: Revenue Share, by Business Segment, 2020
Figure 39 : Omron Corp.: Annual Revenue, 2018-2020
Figure 40 : Omron Corp.: Revenue Share, by Business Unit, 2020
Figure 41 : Ypsomed Holding AG: Annual Revenue, 2018-2020
Figure 42 : Ypsomed Holding AG: Revenue Share, by Business Unit, 2020
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