How big is the connected medical devices market | Growth & Forecast

Q: What is the current size of the connected medical devices market?

The connected medical devices market was valued at USD 35 Billion in 2024 and is projected to reach USD 58 Billion by 2031.

Q: What is the growth rate of the connected medical devices market?

The market is anticipated to grow at a CAGR of 8.50 % between 2025 and 2031.

Q: Which components contribute the most to the connected medical devices market?

Wearables, implantable sensors, remote monitoring systems, and diagnostics equipment are major contributors.

Q: What is driving demand in the connected medical devices market?

Demand is driven by chronic disease burden, remote care adoption, and integration of smart technologies in healthcare.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5936

Publication Date: Jul 2025

How big is the Connected Medical Devices Market?

According to 6Wresearch internal database and industry insights, the Global Connected Medical Devices Market was valued atUSD 35 Billion in 2024 and is expected to reachUSD 58 Billion by 2031, growing at a compound annual growth rate of8.50% during the forecast period (2025-2031).

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The market is expanding rapidly due to increasing adoption of IoT-enabled healthcare devices, demand for real-time patient monitoring, and rising prevalence of chronic diseases.

Key Growth Drivers of the Connected Medical Devices Market

Rising incidence of lifestyle-related and chronic conditions
Increased demand for remote patient monitoring and telehealth
Integration of IoT, AI, and cloud technologies in medical devices
Government initiatives supporting digital health adoption
Improved healthcare infrastructure and growing geriatric population

Connected Medical Devices Market Trends

The connected medical devices market is witnessing strong growth with widespread deployment of wearable health monitors, smart implantable, and connected diagnostic tools. Hospitals and clinics are integrating connected devices with electronic health records to enable continuous monitoring and data-driven treatment decisions. Devices such as ECG monitors, insulin pumps, and portable imaging equipment are being enhanced with wireless connectivity for remote data transmission. Home-based care is gaining momentum, with connected medical devices playing a critical role in chronic care management.

Emerging Developments in the Connected Medical Devices Market

The connected medical devices market is transforming through the development of AI-powered diagnostics and machine learning-based health analytics and use of voice-activated care models. Firms are concentrating on sophisticated biosensors, cloud-based platforms, and real-time warning tools to be proactive in care. 5G is allowing quicker datatran to spread health care networks. Expanded use of blockchain to ensure security of data sharing, and evolution of digital twins to provide predictive analytics is also emerging.