Medical device connectivity market aids in data analytics and growing adoption of telehealth solutions are also driving the growth of the market. Report “Medical Device Connectivity Market – Forecast to 2021”, The global medical device connectivity market is projected to reach USD 1,344.1 Million by 2021, at a growth rate of around 26% during forecast period.
Geographically, medical device connectivity market segmented into North America, Europe, Asia-Pacific, & Rest of the World. Major share of this region can be attributed to better accessibility to technologies, strong government support and initiatives, increasing need for data analytics in healthcare, increasing implementation of EHRs.
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Key insights and market sizing for the different end users of the medical device connectivity market namely, hospitals & clinics, home healthcare, and diagnostic & imaging centers. It provides key insights on market dynamics, such as drivers, restraints, opportunities, and challenges for this market.
Table of Content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Medical Device Connectivity Market, By Sales Channel
8 Medical Device Connectivity Market, By Type of Application
9 Medical Device Connectivity Market, By Region
10 Competitive Landscape
11 Company Profiles
Medical device connectivity solution to fit requirements of each medical device & clinical workflow of various hospitals and care environment IT infrastructure. Medical device connectivity is communicating information of medical device with patient health record in a healthcare setting. It is used to control, configure, and monitor patient’s administration data such as timing, dose, rate and physiological data.
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Medical devices connectivity services segment accounted for largest share of market. Medical device connectivity solutions segment expected to grow at a higher CAGR of around 28% during forecast period. This growth can be attributed to factors like increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements & healthcare reforms, shift of point-of-care diagnostics from hospital to home care settings.
Target Audience of Medical Devices Connectivity Market is as Follows:
- Hospitals and Clinics
- Medical Research and Development (R&D) Companies
- Healthcare IT Companies
- Medical Device Companies
- Medical Devices Connectivity Solutions’ Vendors
- Imaging and Diagnostic Centers
- Market Research and Consulting Firms
- Venture Capitalists and Investors
Medical device connectivity market strategic players are Qualcomm Inc. (U.S), Cerner Corporation (U.S.), NantHealth, Inc. (U.S.), Bernoulli Enterprise Inc. (U.S.), GE Healthcare (U.S.), Digi International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Lantronix, Inc. (U.S.), Philips Healthcare (Netherlands), and Infosys Limited (India).
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Geographically, North America has been the largest and fastest growing market for medical device connectivity, owing to better accessibility to technologies, increasing demand for eHealth solutions, increasing funding for innovation in medical sector, increasing focus on quality of care and patient safety, and increasing government initiatives and support in region.
U.S. contributed largest revenue to North American and global medical device connectivity market. Medical device communication saves organizations time on lengthy repairs by communicating when preventive maintenance measures are to be taken. Increasing implementation of electronic health record systems, growing geriatric population, & increasing need for data analytic in healthcare are the key growth driving factor for the U.S. medical device connectivity market.