Connected Medical Devices Market By Application: Remote Monitoring, Data Collection, By End-Use: Patients, Healthcare Providers, By Region: North America, Europe, Asia Pacific, Segment Forecasts: 2024 - 2030
Connected Medical Devices Market Trends
The connected medical devices market was valued at USD 47.2 billion in 2024 and is expected to grow at a CAGR of 20.1% from 2025 to 2030. The market is driven by the increasing adoption of remote monitoring technologies and the integration of IoT in healthcare. Connected devices enable healthcare providers to collect and analyze real-time patient data, enhancing care delivery and reducing hospital readmissions.
Product Insights
Remote monitoring applications accounted for 55.9% of the market share in 2024, with high demand for devices that track patient health metrics outside of traditional healthcare settings. Data collection devices are also witnessing strong growth, enabling healthcare providers to gather insights from patients in real-time.
Regional Insights
North America leads the market with a 44.2% share in 2024, driven by widespread use of IoT-enabled devices and advanced healthcare infrastructure. The Asia Pacific region is forecasted to grow at the highest rate, with a CAGR of 22.6%, as healthcare providers in emerging economies adopt connected health technologies.
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