New Analysis from Global Industry Analysts Reveals Steady Growth for Internet of Things (IoT) Medical Devices, with the Market to Reach $105.9 Billion Worldwide by 2026
SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Internet of Things (IoT) Medical Devices – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1096
Companies: 37 – Players covered include Abbott Laboratories; Agamatrix; Alivecor; Biotelemetry; Biotronik; Boston Scientific; GE Healthcare; Honeywell Life Care Solutions; Ihealth Lab; Johnson & Johnson; Medtronic; Omron; Philips Healthcare (Philips); Siemens; Stanley Healthcare; Welch Allyn and Others.
Coverage: All major geographies and key segments
Segments: Connectivity Technology (Wi-Fi, Bluetooth, ZigBee, Other Connectivity Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Internet of Things (IoT) Medical Devices Market to Reach $105.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Medical Devices estimated at US$31.3 Billion in the year 2020, is projected to reach a revised size of US$105.9 Billion by 2026, growing at a CAGR of 22.2% over the analysis period. Wi-Fi, one of the segments analyzed in the report, is projected to record a 23.5% CAGR and reach US$55.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bluetooth segment is readjusted to a revised 21.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.9 Billion in 2021, While China is Forecast to Reach $18.5 Billion by 2026
The Internet of Things (IoT) Medical Devices market in the U.S. is estimated at US$11.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2026 trailing a CAGR of 21.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20% and 18.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR.
ZigBee Segment to Reach US$21.2 Billion by the year 2026
In the global ZigBee segment, USA, Canada, Japan, China and Europe will drive the 22.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5 Billion in the year 2020 will reach a projected size of US$20.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.
