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Connected Medical Device Technologies: Global Markets for Sensors, Platforms and Processors

Connected Medical Device Technologies: Global Markets for Sensors, Platforms and Processors

  • June 2017
  • 164 pages
  • ID: 4977680

Summary

Table of Contents

• The global market for connected medical device technologies reached $4.2 billion in 2015. The market should reach nearly $5.0 billion in 2016 and $8.3 billion by 2021, growing at a compound annual growth rate (CAGR) of 10.8% from 2016 through 2021.
• The global processors market for connected medical device technologies reached $4.1 billion in 2016. The market should reach $5.5 billion by 2021, growing at a CAGR of 6.2% from 2016 through 2021.
• The global sensors market for connected medical device technologies reached $880 million in 2016. The market should reach nearly $2.7 billion in 2021, growing at a CAGR of 24.9% from 2016 through 2021.

Chapter 1: Introduction
Connected medical devices are a growing market with a greater than 10% CAGR for 2016 to 2021. Fueled by consumer fitness devices and remote monitoring and diagnostic systems, the market is still in its early days. An often-spotlighted value of the Internet of Things (IoT) applied to healthcare, connected medical devices will provide new opportunities for existing medical device manufacturers and connectivity specialists. Further, changing regulatory regimes by the FDA and other agencies are creating new opportunities and requirements for device manufacturers.

The connected medical device market is a subset of the $484 billion medical device market. As such the market drives an underlying set of specialty sensors, platforms and processor applications. This report will spotlight the underlying technologies driven by the connected medical device trend. The report will utilize primary research interviews with manufacturers to develop company-based market sizing and validate total market and forecast assumptions. In addition, these sources will be used along with secondary research to gain insight into technology developments and market adoption patterns.


Study Goals and Objectives
The goal of this report is to spotlight the important role that sensors play in IoT applications as well as document the opportunities the IoT provides for sensor manufacturers. The opportunity is expressed in terms of potential revenue for the addressable market for IoT sensors by geographic region, application type and sensor type. It is a companion report to IoT and sensor market research reports provided by BCC Research.


Reasons for Doing This Study
The purpose of the study is to size the market for connected medical devices and the underlying technology. Specifically connected medical device sensors, platforms and processors are sized, forecast and discussed in-depth. This data will enable manufacturers to determine the most effective research and development, product packaging and marketing and sales strategies.


Scope of Report
This report covers the global market for connected medical devices and a regional analysis of North America, Latin America, Europe, Middle East and Africa and Asia-Pacific. Component segments include sensors (temperature, position, pressure, flow, level and other), platforms (connectivity, data application integration, device management) and processors. Other technologies such as chemical, force, image, SQUID, biosensors and spintronics are discussed qualitatively. The market for embedded microprocessors and microcontrollers is also sized and analyzed.


Information Sources
The primary information sources include manufacturers and suppliers of connected medical devices and associated products around the world, suppliers for the manufacture of these products, major users of these products, research organizations, governmental agencies, trade associations and various equipment suppliers. Additional secondary research of sources, such as databases, trade literature, specialized journals and government statistics, were researched while compiling this report.


Methodology
Both primary and secondary research methodologies were used in preparing this report. Initially, a comprehensive and exhaustive search of the literature on connected medical devices was conducted. These sources include relevant journals and related books, trade literature, marketing literature, other product/promotional literature, annual reports, analyst reports and other publications. Subsequently, telephone interviews and email correspondence were conducted with marketing executives, product sales engineers, international sales managers, application engineers and other personnel of connected medical device companies. Other sources included academics, related suppliers, technical experts and consulting companies.


Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
North America
• United States.
• Canada.
Europe
• Western Europe.
• Central & Eastern Europe.
Asia-Pacific
• China.
• India.
• Rest of Asia-Pacific.
Rest of World
• Latin America.
• Middle East and Africa.


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