The Business Research Company’s 2026 market reports include new capabilities such as market attractiveness scoring and analysis, total addressable market analysis, company scoring matrix, interactive excel data dashboard, improved supply chain analysis, upcoming startups in the market, and overview of key products, aimed at improving the depth, usability, and strategic value of the insights delivered.
What Market Value Is Expected For The Connected Medical Device Market At The End Of The 2026–2030 Forecast Period?
The connected medical device market has demonstrated substantial growth in recent years. It is projected to expand from $56.74 billion in 2025 to $65.78 billion in 2026, achieving a compound annual growth rate (CAGR) of 15.9%. Historically, the market’s expansion was driven by several factors, including limited connectivity infrastructure in healthcare facilities, the slow adoption of digital health technologies, reliance on traditional patient monitoring systems, the increasing prevalence of chronic diseases, and the necessity for real-time patient data collection.
The connected medical device market size is anticipated to experience rapid growth over the coming years. It is projected to reach $117.68 billion in 2030, demonstrating a compound annual growth rate (CAGR) of 15.7%. This expansion during the forecast period can be attributed to the proliferation of wearable and implantable medical devices, increasing investment in telehealth and remote monitoring, the integration of artificial intelligence for predictive insights, a rise in home care and long-term care adoption, and growing regulatory support for connected medical devices. Major trends expected in this period include the integration of connected devices with electronic health records (EHRs), a wider adoption of remote patient monitoring solutions, the growth of chronic disease management programs, enhanced data analytics for clinical decision support, and an increasing focus on home-based healthcare and telemedicine.
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Which Market Drivers Are Supporting The Expansion Of The Connected Medical Device Market?
The expansion of telemedicine services is anticipated to stimulate the growth of the connected medical device market in the coming years. Telemedicine involves utilizing technology to deliver medical care and consultations remotely, eliminating the necessity for in-person visits. The demand for telemedicine is increasing because it offers convenient access to healthcare, allowing patients to consult doctors swiftly from their homes, which saves time and reduces the need for travel. The growth in telemedicine services supports the need for connected medical devices by enabling remote patient monitoring, a process that requires real-time data transmission from patients to healthcare providers to ensure accurate diagnoses and timely interventions without physical visits. For instance, in April 2025, the American Hospital Association, a US-based nonprofit trade association, reported that in the last quarter of 2023, over 12.6% of Medicare beneficiaries received a telehealth service. Recent data also suggest that the United States will face a physician shortage of up to 86,000 physicians by 2036. Telehealth is a critical supporting element to address this growing scarcity of physicians. Consequently, the rise of telemedicine services will drive the growth of the connected medical device market.
What Segment Types Make Up The Connected Medical Device Market?
The connected medical device market covered in this report is segmented –
1) By Product Type: Wearable Devices, Implantable Devices, Stationary Devices
2) By Connectivity Technology: Bluetooth, Wi-Fi, Cellular, Other Connectivity Technologies
3) By Application: Remote Patient Monitoring, Telemedicine, Clinical Decision Support, Chronic Disease Management, Fitness And Wellness, Other Applications
4) By End-User: Hospitals And Clinics, Home Care Settings, Long-Term Care Facilities, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Wearable Devices: Fitness Trackers, Smartwatches, Continuous Glucose Monitors (CGM), Wearable ECG Monitors, Blood Pressure Monitors, Pulse Oximeters, Sleep Trackers
2) By Implantable Devices: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (ICDs), Neurostimulators, Cochlear Implants, Implantable Glucose Sensors, Drug Delivery Implants
3) By Stationary Devices: Remote Patient Monitoring Stations, Telehealth Kiosks, Connected Imaging Devices, Connected Ventilators, Connected Dialysis Machines, Connected Infusion Pumps
Which Market Trends Are Creating New Opportunities In The Connected Medical Device Market?
Major companies within the connected medical device market are focused on creating advanced solutions, such as AI-powered platforms, to enable personalized user experiences by adapting to individual behaviors and preferences in real-time. These AI-powered platforms are digital systems that employ artificial intelligence technologies to analyze data, make decisions, and automate tasks with minimal human intervention. For instance, in October 2023, ZS, a US-based technology company, introduced its ZAIDYN Connected Health solution. This offering uniquely provides trusted, AI-powered insights to help pharmaceutical companies, healthcare providers, and payers address unmet medical needs and improve patient outcomes. Its health insights suite pinpoints care gaps and offers personalized recommendations for physicians, patients, and manufacturers to enhance treatment access and coordination. The patient engagement suite is dedicated to understanding individual patient needs to offer customized support and boost the effectiveness of patient programs. Furthermore, connected research utilizes advanced digital engagement tools to gather reliable evidence that assists healthcare organizations in validating innovations and supporting strategic decisions.
Who Are The Key Players Driving Competition In The Connected Medical Device Market?
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
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How Is The Connected Medical Device Market Distributed Across Key Geographic Regions?
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.
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