PUBLISHER: The Business Research Company | PRODUCT CODE: 1942599
PUBLISHER: The Business Research Company | PRODUCT CODE: 1942599
A connected medical device is a digitally integrated healthcare instrument that communicates and exchanges data with other systems or networks via wireless or wired connections. These devices are designed to collect, transmit, and sometimes analyze health-related data in real time or over designated periods, allowing for continuous monitoring and timely medical insights.
Key types of connected medical devices include wearable, implantable, and stationary devices. Wearable devices are electronic gadgets worn on the body, such as smartwatches or fitness trackers, that monitor health metrics like heart rate, activity levels, and sleep patterns. They utilize various connectivity technologies including Bluetooth, Wi-Fi, cellular, and others. These devices are used for remote patient monitoring, telemedicine, clinical decision support, chronic disease management, fitness and wellness, among other applications. They serve a range of end users, including hospitals and clinics, home care environments, long-term care facilities, ambulatory surgical centers, and more.
Tariffs are impacting the connected medical device market by increasing the cost of imported components such as sensors, wireless modules, and connectivity chips. Segments like wearable and implantable devices are particularly impacted, with regions like Asia-Pacific including China and India experiencing significant import duties. This has led to higher production costs and potential delays in device deployment. Positively, tariffs are encouraging local component manufacturing, fostering innovation, and reducing long-term dependency on international supply chains.
The connected medical device market research report is one of a series of new reports from The Business Research Company that provides connected medical device market statistics, including connected medical device industry global market size, regional shares, competitors with a connected medical device market share, detailed connected medical device market segments, market trends and opportunities, and any further data you may need to thrive in the connected medical device industry. This connected medical device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The connected medical device market size has grown rapidly in recent years. It will grow from $56.74 billion in 2025 to $65.78 billion in 2026 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to limited connectivity infrastructure in healthcare facilities, slow adoption of digital health technologies, reliance on traditional patient monitoring systems, increasing prevalence of chronic diseases, need for real-time patient data collection.
The connected medical device market size is expected to see rapid growth in the next few years. It will grow to $117.68 billion in 2030 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to expansion of wearable and implantable medical devices, rising investment in telehealth and remote monitoring, integration with artificial intelligence for predictive insights, growth in home care and long-term care adoption, increasing regulatory support for connected medical devices. Major trends in the forecast period include integration of connected devices with electronic health records (ehrs), increasing adoption of remote patient monitoring solutions, growth in chronic disease management programs, enhanced data analytics for clinical decision support, rising focus on home-based healthcare and telemedicine.
The growing adoption of telemedicine services is expected to drive the growth of the connected medical device market in the coming years. Telemedicine involves using technology to deliver medical care and consultations remotely, eliminating the need for in-person visits. Its increasing demand is driven by the convenience it offers, allowing patients to consult healthcare providers quickly from home, saving time and reducing travel. The expansion of telemedicine supports the use of connected medical devices by enabling remote patient monitoring, which relies on real-time data transmission to healthcare providers for accurate diagnosis and timely interventions without physical visits. For example, in April 2025, according to the American Hospital Association, a US-based nonprofit trade organization, over 12.6% of Medicare beneficiaries received a telehealth service in the last quarter of 2023. Additionally, the United States is projected to face a physician shortage of up to 86,000 by 2036, making telehealth a critical tool to mitigate the impact of this shortage. Therefore, the rise of telemedicine services is driving the growth of the connected medical device market.
Major companies in the connected medical device market are increasingly focusing on developing advanced AI-powered platforms that enable personalized user experiences by adapting in real-time to individual behaviors and preferences. AI-powered platforms leverage artificial intelligence to analyze health data, make informed decisions, and automate processes with minimal human intervention. For example, in October 2023, ZS, a US-based technology firm, launched the ZAIDYN Connected Health solution. This platform delivers trusted, AI-driven insights to pharmaceutical companies, healthcare providers, and payers, helping them address unmet medical needs and improve patient outcomes. ZAIDYN's health insights suite identifies care gaps and offers personalized recommendations for physicians, patients, and manufacturers to enhance treatment access and coordination. Its patient engagement suite customizes support based on individual patient needs to increase the effectiveness of patient programs. Additionally, the connected research component uses advanced digital engagement tools to collect reliable evidence that assists healthcare organizations in validating innovations and guiding strategic decisions.
In September 2024, Stryker Corporation, a U.S.-based provider of medical technologies spanning surgical equipment, hospital systems, and connected medical devices, acquired care.ai for an undisclosed amount. Through this acquisition, Stryker sought to strengthen its connected medical device portfolio by integrating AI-driven hospital monitoring and workflow solutions to improve clinical efficiency and patient safety. Care.ai is a U.S.-based company that delivers AI-assisted virtual care platforms, smart-room ambient intelligence, and sensor-based patient monitoring solutions.
Major companies operating in the connected medical device market are Johnson and Johnson, Abbott Laboratories, Medtronic plc, F Hoffmann La Roche Ltd, Siemens Healthineers AG, Fresenius Medical Care AG and Co KGaA, Becton Dickinson and Company, Koninklijke Philips NV, GE Healthcare Technologies Inc, Boston Scientific Corporation, Baxter International Inc, Olympus Corporation, Terumo Corporation, Garmin Ltd, ResMed Inc, Omron Healthcare Inc, Epitel Inc, Masimo Corporation, AliveCor Inc, DexCom Inc, Insulet Corporation, iRhythm Technologies Inc
North America was the largest region in the connected medical device market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected medical device market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the connected medical device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The connected medical device market consists of sales of remote monitoring systems, connected imaging systems, smart drug delivery systems, and IoT-enabled surgical tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Connected Medical Device Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses connected medical device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for connected medical device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The connected medical device market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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