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Medical device connectivity market explored in latest research

Medical Market Research

Growth in North American market is largely driven by better accessibility to technologies in this region, increasing funding to innovation in medical sector, increasing demand for eHealth solutions and services in large hospitals & health systems, changing regulations, & rising geriatric population.

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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).

Key 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

The 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. In this report, global medical device connectivity market is segmented on basis of component, technology, & end user.

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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, healthcare information exchange systems, and growing focus on quality of care and patient safety.

Global medical device connectivity market, by Component

  • Medical devices connectivity solutions
  • Medical devices connectivity services

Global medical device connectivity market, by Technology

  • Wireless technologies
  • Wired technologies
  • Hybrid technologies

Medical device connectivity market segmented into two segments, namely, medical device connectivity services and solutions. On basis of technology, market segmented into three segments, namely, wired connectivity, wireless connectivity, and hybrid technology.

On basis of end user, global medical devices connectivity is segmented into three segments, namely, hospital & clinics, home healthcare, & imaging & diagnostic centers.

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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.

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