Global Medical Device Connectivity Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

Medical Device Connectivity Market

Medical device connectivity is the combination of the medical devices with the information systems so that data can easily be transferred between the medical devices. Device enterprise communication, alarm communication management, point of care infusion verification, rosette terminology mapping and implantable device, subscribe to patient data and others are some of the common applications of the medical device connectivity. Wired technology, hybrid technology and wireless technology are some of the common medical device technology. Increasing policies in healthcare IT services is fueling the growth of this market.

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Segmentation: Global Medical Device Connectivity Market

Recent Developments

  • 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.
  • In July 2016, Thinfilm along with unidentified Fortune 500 pharmaceutical firm announced the launch of their new near-field communication (NFC) platform which is specially designed for medical devices so that they can help the patients to get entire treatment. They can be connected with smartphones, internet of things and medical devices as well. The main aim of the launch is to help the doctors to provide better treatment and making the medical devices advanced and smart.

Key Market Competitors:

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.

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