
Global & Austria IoT Medical Devices Market to 2033
Description
Bangladesh is emerging as a promising market for IoT medical devices, fueled by advancements in its healthcare sector, increasing digitalization, and a focus on improving healthcare access for its vast population. A report from the UN Department of Economic and Social Affairs highlights that the nation’s Digital Bangladesh initiative has significantly propelled digital health projects, aiming to enhance the quality of healthcare services for all citizens.
The Bangladesh Digital Health Strategy 2023–2027 presents a detailed plan to revolutionize the healthcare system by utilizing digital technologies, with an emphasis on equitable, accessible, and efficient care. This strategy prioritizes the expansion of digital infrastructure to ensure nationwide connectivity in health facilities, the promotion of interoperable systems, and the enhancement of service delivery through digital tools in primary care, telemedicine, and diagnostics. Additionally, the Directorate General of Drug Administration (DGDA) introduced new regulations for medical devices in October 2023, establishing a clearer framework for the market.
Telemedicine plays a vital role in the adoption of IoT, particularly in rural and underserved regions. The government has supported mobile health services from district and sub-district hospitals, along with a 24/7 health call center named Sasthyo Batayan, which offers free consultations and health information. Although widespread deployment of IoT medical devices in telemedicine is still developing, the existing telemedicine infrastructure lays the groundwork for integrating remote patient monitoring devices for chronic illnesses.
With increasing life expectancy and an aging population, the demand for healthcare services, especially for non-communicable diseases, is expected to rise significantly. This demographic change calls for innovative solutions such as IoT-enabled home care and continuous monitoring. Efforts are also underway to enhance digital literacy among healthcare professionals and the public, which is essential for the successful adoption of IoT medical devices. These national strategies, combined with demographic trends, are creating a conducive environment for the growth of the IoT medical devices market in Bangladesh.
The Bangladesh Digital Health Strategy 2023–2027 presents a detailed plan to revolutionize the healthcare system by utilizing digital technologies, with an emphasis on equitable, accessible, and efficient care. This strategy prioritizes the expansion of digital infrastructure to ensure nationwide connectivity in health facilities, the promotion of interoperable systems, and the enhancement of service delivery through digital tools in primary care, telemedicine, and diagnostics. Additionally, the Directorate General of Drug Administration (DGDA) introduced new regulations for medical devices in October 2023, establishing a clearer framework for the market.
Telemedicine plays a vital role in the adoption of IoT, particularly in rural and underserved regions. The government has supported mobile health services from district and sub-district hospitals, along with a 24/7 health call center named Sasthyo Batayan, which offers free consultations and health information. Although widespread deployment of IoT medical devices in telemedicine is still developing, the existing telemedicine infrastructure lays the groundwork for integrating remote patient monitoring devices for chronic illnesses.
With increasing life expectancy and an aging population, the demand for healthcare services, especially for non-communicable diseases, is expected to rise significantly. This demographic change calls for innovative solutions such as IoT-enabled home care and continuous monitoring. Efforts are also underway to enhance digital literacy among healthcare professionals and the public, which is essential for the successful adoption of IoT medical devices. These national strategies, combined with demographic trends, are creating a conducive environment for the growth of the IoT medical devices market in Bangladesh.
Table of Contents
128 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Austria IoT Medical Devices Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. IoT Medical Devices Market Key Market Dynamics
- 5.1 IoT Medical Devices Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Austria IoT Medical Devices Market – Analysis
- 6.1 Austria IoT Medical Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Austria IoT Medical Devices Market Revenue and Forecast Analysis
- 7. Austria IoT Medical Devices Market Analysis – by Product
- 7.1 Austria IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Austria IoT Medical Devices Market Analysis – by Technology
- 8.1 Austria IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Technology
- 9. Austria IoT Medical Devices Market Analysis – by Application
- 9.1 Austria IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 10. Austria IoT Medical Devices Market Analysis – by End User
- 10.1 Austria IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 Medtronic Plc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 GE HealthCare Technologies Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Koninklijke Philips NV
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Abbott Laboratories
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Boston Scientific Corp
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Omron Healthcare Inc
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Baxter International Inc
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Siemens Healthineers AG
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Johnson & Johnson
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Dragerwerk AG & Co KGaA
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
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