Connected Healthcare Devices Market Trends

The use of remote patient monitoring systems has increased significantly, which can be attributed to the need for ongoing monitoring outside of conventional healthcare settings as well as the rising incidence of chronic diseases. There is an increasing emphasis on interoperability and data integration to facilitate seamless communication among various healthcare devices & systems and enable comprehensive patient care. Furthermore, developments in Artificial Intelligence (AI) and sensor technology are expanding the potential of networked devices, allowing for more precise diagnosis and customized treatment plans. For instance, in March 2023, Zephyr AI and KangarooHealth partnered to harness the power of remote patient monitoring and AI. The partnership combined Zephyr AI’s industry-leading Machine Learning (ML) technology with KangarooHealth’s proprietary remote monitoring platform to create a best-in-class predictive solution for clinicians.

The market is witnessing a consumerization trend where people use smartphone health apps and wearable fitness trackers to actively manage their health. The COVID-19 pandemic has accelerated the integration of telehealth services with connected devices, which is revolutionizing the delivery of healthcare by enabling virtual care experiences and remote consultations. These patterns highlight the growing significance and uptake of connected medical devices.