Medical Device Connectivity Market is expected to reach USD 10.54 Billion by 2026

Medical Device Connectivity Market is forecasted to reach USD 10.54 billion with factors such as rising cost associates with the integration of medical services in small scale organization  and unwillingness in adoption of digital healthcare IT services  will restraining the growth of the market in emerging economies

Medical device connectivity market has shown an exceptional penetration in developed economies such as U.S., Canada and Mexico. Availability of strong IT infrastructure, presence of large healthcare IT companies while increasing investment and regulatory mandates favoring the implementation of eHealth solutions.

Medical Device Connectivity Market Scenario

According to Data Bridge Market Research, the medical device connectivity market is growing due to the rising penetration of EHRs and health information exchange system in healthcare organization, increasing need to reduce the healthcare cost with a connected healthcare environment, increasing focus on the provision of care quality and patient safety will positively raise the market growth and  rising initiatives in healthcare It and integration of medical devices with hospital information system will surge the market growth. Increasing consolidation and growing telehealth and remote patient monitoring will further create new opportunities for the growth of the market.   

Now the question is which are the other regions that medical device connectivity market is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific medical device connectivity market and the market leaders targeting China, India and Japan to be their next revenue pockets for 2020.

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New Medical Device Connectivity Market Developments in 2019

Capsule Technologies, Inc. announced the acquisition of Bernoulli Health in April 2019. This acquisition helps in achieving the market’s demand by maintaining the quality of medical devices while provides health care messaging and orchestration. The company will increase their product portfolio while helps to reach broader medical IOT and clinical support market.

Scope of the Medical Device Connectivity Market

Medical device connectivity market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey,  Switzerland, Rest of Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of middle East and Africa (MEA).

All country based analysis of the medical device connectivity market is further analyzed based on maximum granularity into further segmentation. On the basis of product & services the market is segmented into solution and services. Based on components the market is segmented into wireless hardware, wired hardware, software. Based on technology the market is segmented into wired technologies, wireless technologies, hybrid technologies. The end-user covered for the report are hospitals, home healthcare, ambulatory care centers, imaging & diagnostic centers.

Medical device connectivity is defined as an application of digital technology helps in the establishment of the connection between medical devices and equipment tends to share patient information. The technology is used to control the usage, improve clinical outcome, accompanying data and supply continuous remote monitoring.

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Key Pointers Covered in the Medical Device Connectivity Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in different regions
  • Recent Developments for Market Competitors
  • Market upcoming applications
  • Market innovators study

Key Market Competitors Covered in the report

  • 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
  • Drägerwerk AG & Co. KGaA.

Above are the key players covered in the report to know about more and exhaustive list of Medical Device Connectivity companies contact us

Research Methodology: Global Medical Device Connectivity Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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