Medical Device Connectivity Market

Medical device connectivity refers to linking medical devices to electronic medical records (EMRs) to facilitate the exchange of data, while medical device integration involves integrating medical devices into a hospital's existing technology infrastructure. There are various advantages and benefits of medical device connectivity and integration, including improved patient care, increased efficiency, and reduced errors. By providing healthcare providers with timely and accurate patient data, such as vital signs, medication orders, and lab results, in real-time, healthcare providers can make better and more informed decisions, leading to improved patient outcomes. Medical device connectivity and integration can also facilitate the automation of clinical workflows, reducing the need for manual data entry, saving time, and reducing the risk of errors.

Market Dynamics

Increase in the government and non-government organizations initiatives to improve and develop health IT infrastructure which is expected to further enhance the medical devices connectivity. In addition, rising prevalence of various types of cancer such as skin, blood, breast, and others which requires constant health monitoring is expected to drive the market growth. Moreover, the increasing use of technologically advanced medical devices which are incorporated with health information technology (Health IT) such as electronic health records (EHR) and others is expected to drive the market growth for the forecast period. For instance, technologically advanced medical devices incorporated with healthcare IT solution provides various advantages such as real-time patient monitoring, remote patient monitoring, and others. Thus, pertaining to such advantages the market is expected to show significant growth.

Key features of the study:

• This report provides in-depth analysis of the global medical device connectivity market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global medical device connectivity market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Medtronic, GE Healthcare, Capsule Tech Inc., Cerner Corporation, Koninklijke Philips N.V., Digi International Inc., Cisco System Inc., Siemens Healthineers, Honeywell International Inc., Medshift, and Drägerwerk AG & Co. KGaA
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global medical device connectivity market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical device connectivity market

Detailed Segmentation:

• Global Medical Device Connectivity Market, By Component:
  • Wired hardware
  • Wireless hardware
    • Wi-Fi
    • WMTS
    • Bluetooth
  • Software
• Global Medical Device Connectivity Market, By End User:
  • Hospitals
  • Home healthcare
  • Others (Clinics, etc.)
• Global Medical Device Connectivity Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles:
  • Medtronic
  • GE Healthcare
  • Capsule Tech Inc.
  • Cerner Corporation
  • Koninklijke Philips N.V.
  • Digi International Inc.
  • Cisco System Inc.
  • Siemens Healthineers
  • Honeywell International Inc.
  • Medshift
  • Drägerwerk AG & Co. KGaA