Global Medical Device Connectivity Market is Growing at a Significant Rate in the Forecast Period 2018-2025

Body: Global Medical Device Connectivity Market

Global Medical Device Connectivity Market According to Data Bridge Market Research new Market report, “By Product & Service (Medical Device Connectivity Solutions {Medical Device Integration Solutions, Connectivity Hubs, Interface Devices, Telemetry Systems} Medical Devices Connectivity Services {Support & Maintenance Services, Implementation & Integration Services, Training Services}), By Technology (Wireless, Wired, Hybrid), By End Users (Hospitals, Home Healthcare, Imaging & Diagnostic Centers, Ambulatory Care Centers), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast is projected to reach USD 3720.58 million by 2025, at a CAGR of 21.9% during the forecast period of 2018 to 2025.

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Global Medical Device Connectivity Market

For healthcare providers Electronic Health Records (EHRs) and integration of medical data with hospital information systems (HIS) have become critical requirements. It is the need of hospitals and small practices that manufacturers should ensure interoperability through product design, or by providing substitute connectivity solutions along with their products. There are numerous medical device connectivity solutions that provide continuous data flow among devices and information systems by transforming, acquiring and uploading device data in standard formats. Solutions that ensure data integration through many ways are elaborated here one by one, it helps to support for clinical and personal medical devices with HIS, it helps to secure access to patient data with HIPAA compliance, it is used for wired and wireless connectivity with computers and mobile devices supporting communication over Wi-Fi, Bluetooth, ZigBee, USB, Ethernet, RS232, and web interfaces and it used for Integrating Healthcare Enterprise (IHE) and IEEE11073 (Continua-compliant) standards. On the other side the medical device connectivity also supports to Plug-in architecture for report generation, Device manager plug-ins for legacy devices, Alarm management and analytics modules for extensibility, Support for health level seven (HL7), digital imaging, and communication in medicine (DICOM), Standard communication protocol for computer-assisted electrocardiography (SCF-ECG) and for the software development kits for EMR integration.

For exploring the problem of Networking, an integration of medical products into existing data and communication networks the medical device networking, connectivity and interoperability are very essential for the healthcare organizations now a days. It is also known as device connectivity or biomedical device integration, these processes ensures the establishment and maintenance of a connection through which data is transferred between a medical device, such as a patient monitor, and an information system, i.e. the patient’s Electronic Health Record. Medtech manufacturers are obligatory to develop an approach for integrating medical device data with CIS (Clinical Information Systems). It goes from establishing the framework for medical documentation connectivity to developing product features and design, the procedure is usually complex, nonetheless necessary in order to align the manufacturing processes with the current market trends and clinical needs.

The growing market is owes to new regulations such as meaningful use requirements, the implementation of accountable care organizations (ACO’s) and some other recent changes in the federal healthcare regulations such as Medicare and Medicaid incentive and penalty plans are driving change in this market. One of such change is meaningful requirement for documenting blood pressure in EMR will increase from 50.0% to 80.0% on all patients. Also the need to accurately store and analyze data for improved healthcare quality is affectively driving the growth of this market. Also now Healthcare Delivery Organization (HDO) resources needs to preserve modified interfaces and maintain manual data feeds from devices. Some other drivers in this market is remote patient monitoring, transition of point of care devices from hospitals to home healthcare and the growth of telehealth and telemedicine market among others.

Medical device connectivity enables the mechanization and simplification of the workflow, it enhance the value of the EMR and its adoption for the clinical staff. Device connectivity is also responsible for the vigorous signs data to be automatically sent from biomedical devices straight to the nursing documentation system. It offers the facility to the clinicians and gives them a chance to focus more on direct easygoing care by quickly authenticating the vital signs data in the EMR and submitting them to the patient’s record. Now with this there is no need for manual data entry, hence lower risks of human error that take the burden off the clinician and progresses for the overall patient care and safety. In the hospitals each department has different types of devices, and rarely does an entire hospital run the same brand device

According to the definition by HIMSS (Healthcare Information and Management Systems), in healthcare, interoperability is the ability of different information technology systems and software applications to communicate, exchange data, and use the information that has been exchanged. The data interchange scheme and ideals permit data to be shared across clinicians, lab, hospital, pharmacy, and patient regardless of the application or application vendor. The Internet of things (IOT) technology states to connect all objects by means of the information sensing devices to the Internet for information exchange, which is replacing of physical objects, in order to attain intelligent documentation and management. IOT technology is also engaged in the identification and managing medical devices and medical device connectivity.

Market Segmentation: Global Medical Device Connectivity Market

The global market for medical device connectivity by the following sub-categories is presented

  • By Type

    • Medical Device Connectivity Solutions

      • Medical Device Integration Solutions
      • Connectivity Hubs
      • Interface Devices
      • Telemetry Systems

    • Medical Devices Connectivity Services

      • Support & Maintenance Services
      • Implementation & Integration Services
      • Training Services

  • By Technology

    • Wireless
    • Wired
    • Hybrid

  • By End User

    • Hospitals
    • Home Healthcare
    • Imaging & Diagnostic Centers
    • Ambulatory Care Centers

  • By Geography

    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East and Africa

FACTORS DRIVING GROWTH IN THE GLOBAL MEDICAL DEVICE CONNECTIVITY MARKET

Increasing Penetration of EHRs & Health Information Exchange Systems in Healthcare Organizations:

Construction of a healthcare information technology for safe usage is common duty between key stakeholders that includes vendors, healthcare organizations, care providers, health-IT departments, and public and private agencies. Use of electronic health records (EHRs) involves all these stakeholders, and they often have conflicting priorities and requirements. The concept of shared responsibility has gained little traction and EHR developers and users continue to attribute the substantial, long list of problems to each other. Presently the hospitals have basically established the HIS system that is highly increasing the global medical device connectivity market is very important factor in the growth of the market.

Growing focus of market players

The global medical device connectivity market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America market.

Some of the major players operating in global medical device connectivity market are Cerner Corporation, Koninklijke Philips N.V., Digi International Inc., McKesson Corporation, Cisco Systems Inc., Medtronic, Inc., Siemens Healthcare GmbH, Honeywell HomeMed LLC, Drägerwerk AG & Co. KGaA, eDevice Inc., Qualcomm Inc., Lantronix Inc., GE Healthcare Ltd., Silex Technology America, Inc., NantHealth, Spectrum Medical and, True Process, Inc. among others.

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