Global medical device connectivity market is expected to rise to an estimated value of USD 10.54 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising adoption of remote monitoring capabilities in healthcare services along with increasing the quality of services and safety of patients.
This medical device connectivity market report offers the most appropriate solution for your business requirements in many ways. To be successful in this competitive age, it is very imperative to get well-versed about the major happenings in the healthcare industry which is possible only with the excellent market report like this one. To make you aware about the industry insights so that you never miss anything, this is the valuable market report. The report also analyzes the market status, market share, growth rate, sales volume, future trends, market drivers, market restraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors. Medical device connectivity report not only assists you with the informed decision making but also helps with smart working.
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Few of the major competitors currently working in the global medical device connectivity market are GENERAL ELECTRIC COMPANY; Cisco; Koninklijke Philips N.V.; iHealth Labs Inc.; Capsule Technologies, Inc.; Baxter; Cerner Corporation; Bernoulli; Medtronic; Silex Technology, Inc.; McKesson Corporation; NantHealth, Inc.; Infosys Limited; Lantronix, Inc.; Spectrum Medical; Digi International Inc.; Siemens Healthcare GmbH; eDevice and Drägerwerk AG & Co. KGaA.
Key Developments in the Market:
- In February 2019, Francisco Partners announced that they had acquired Qualcomm’s business operation branded as “Qualcomm Life”. The acquired operations deal in providing end-to-end medical device connectivity across the different stages of healthcare services. The business operations will be divided into two organizations namely, “Capsule Technologies, Inc.” and “2net”. Capsule will provide connectivity capabilities of medical devices to hospitals while 2net will focus on providing a mobile platform for medical services.
- In January 2019, Baxter announced that they had acquired True Process. This acquisition includes “True Process’” “Vines” software platform which has been created to collect the patient data from devices connected at the bedside and normalization of these devices. This acquisition will help in greater innovations and provision of specific care healthcare services for individual patients.
Competitive Analysis: Global Medical Device Connectivity Market
Global medical device connectivity market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical device connectivity market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
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Market Drivers
- High rates of infiltration of digital services such as EHR’s and patient data in healthcare organizations; this factor is expected to drive the growth of the market
- Rising levels of policies adoption resulting in better healthcare IT services; this factor is expected to drive the growth of the market
- Connectivity of medical devices and services being provided to patients in healthcare settings provide lower costs and helps provide better analysis of patient data; this factor is expected to drive the growth of the market
Market Restraints
- Large costs associated with the integration of these services in case of small-scale healthcare organizations; this factor is expected to restrain the growth of the market
- Unwillingness in preference and adoption of digital healthcare IT services; this factor is expected to restrain the growth of the market
Segmentation: Global Medical Device Connectivity Market
By Product & Service
- Solutions
- Integration Solution
- Telemetry Systems
- Connectivity Hubs
- Interface Devices
- Services
- Support & Maintenance Services
- Implementation & Integration Services
- Training Services
By Components
- Wireless Hardware
- Wi-Fi
- Web Map Tile Service (WMTS)
- Bluetooth
- Wired Hardware
- Software
By Technology
- Wired Technologies
- Wireless Technologies
- Hybrid Technologies
By End-User
- Hospitals
- Home Healthcare
- Ambulatory Care Centers
- Imaging & Diagnostic Centers
By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
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