The global IoT medical equipment market will reach US $63.43 billion in 2023

　MarketsandMarkets, the world's second largest market research institute, reported that the global medical device market for the Internet of Things was 17.75 billion US dollars in 2017. It is expected that by 2023, the global medical device market for the Internet of Things will increase from 20.59 billion US dollars in 2018 to 63.43 billion US dollars, and the compound annual growth rate (CAGR) will be 25.2% during the forecast period (2018-2023).

   The report points out that the increase in the global market for medical devices on the Internet of Things is influenced by a number of factors, such as the promulgation of government policies to promote digital health, the increasing demand for cost control in health care services, the active participation of patients and the increasing attention paid to patient-centered care services. Among them, the increasing attention to patient safety is the main factor to promote the growth of the market of medical devices connected with animal networks.

   It is understood that the report investigates the market size of IoT medical devices in five major regions (as well as countries) including North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. According to the survey, major players in the global medical device market for the Internet of Things include GE Healthcare, Philips, Medtronic, Honeywell Life Care Solutions, BIoTRONIK, Boston Scientific, Siemens, Johnson & Johnson.

US), OMRON (Japan), BioTelemetry (United States), AliveCor (United States), iHealth Lab (United States), AgaMatrix (United States), Abbott Laboratories (United States), STANLEY Healthcare (United States) and Welch Allyn (United States).

   According to reports, product launch, product upgrade and approval are the main organic growth strategies of the above major participants in beach grabbing market. In addition, these companies focus on inorganic growth strategies, such as acquisitions, collaboration, and collaboration with other medical technology companies and digital technology and software companies, to expand and strengthen their portfolio of medical devices for the Internet of Things to gain a larger market share.