Global Medical Device Connectivity Market, By Product and Service (Medical Device Connectivity Solutions, Medical Device Connectivity Services), Technology (Wired Technologies, Wireless Technologies, Hybrid Technologies), End User (Hospitals, Home Healthcare Centers, Diagnostic Centers, Ambulatory Care Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The medical device connectivity market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 38.1% in the forecast period of 2021 to 2028. The growing prevalence of novel coronavirus disease will help in escalating the growth of the medical device connectivity market.
Medical device connectivity permits establishment of connection between numerous medical equipment and devices in a healthcare situation for information sharing. The connected medical devices can send alerts to the physicians or concerned people in case of a healthcare emergency in a home healthcare situation.
Factors such as the growing of the incidences of the novel coronavirus disease (COVID-19), the rising penetration of the EHRs and health information exchange systems in the healthcare organizations and the cost benefits of the connected healthcare environment regarding the growing healthcare spending are expected to boost the growth of the medical device connectivity market. Furthermore, the favourable government support and the initiatives, the increasing focus on the care quality and the patient safety and medical device connectivity aids in the data analytics are some of the factors anticipated to propel the growth of the medical device connectivity market in the forecast period.
However, the increase in the cost of deployment for small healthcare organizations and the unwillingness of the medical professionals to approve the advanced healthcare IT solutions are the factors responsible for the hinderance for the growth of the medical device connectivity market in the timeline period. Additionally, the growing consolidation in the healthcare industry, the increasing inclination towards the home healthcare and the advancing countries will further provide suitable growth opportunities in the medical device connectivity market in the coming years. Despite that, the incorporation between numerous hospital information systems and the medical devices, the issues regarding the data security and the shortage of trained healthcare IT professionals will further challenge the growth of the medical device connectivity market in the near future.
This medical device connectivity market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical device connectivity market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medical Device Connectivity Market Scope and Market Size
The medical device connectivity market is segmented on the basis of product and service, technology and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product and service, the medical device connectivity market is segmented into medical device connectivity solutions, medical device connectivity services. Medical device connectivity solutions is further sub segmented into medical device integration, interface devices, connectivity hubs and telemetry systems. Medical device connectivity services is further sub segmented into support and maintenance, implementation and integration, training and consulting.
- Based on the technology, the medical device connectivity market is segmented into wired technologies, wireless technologies, hybrid technologies.
- Based on the end user, the medical device connectivity market is segmented into hospitals, home healthcare centers, diagnostic centers, ambulatory care centers.
Medical Device Connectivity Market Country Level Analysis
The medical device connectivity market is analysed and market size insights and trends are provided by country, product and service, technology and end user as referenced above.
The countries covered in the medical device connectivity market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical device connectivity market because of the increasing consolidation amongst the healthcare providers and the extensive implementation of the clinical device connectivity. Furthermore, the rising number of coronavirus patients in the region and the strict guidelines and rules placed by the several government and non-government authorities will further boost the growth of the medical device connectivity market during the forecast period. Europe is projected to observe significant amount of growth in the medical device connectivity market because of the increasing of the disposable income and the rising healthcare expenses. Moreover, the occurrence of prominent key players with advanced healthcare products is further anticipated to propel the growth of the medical device connectivity market in the region in the coming years.
The country section of the medical device connectivity market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical device connectivity market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical device connectivity market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical device connectivity market. The data is available for historic period 2010-2019.
Competitive Landscape and Medical Device Connectivity Market Share Analysis
The medical device connectivity market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical device connectivity market.
The major players covered in the medical device connectivity market report are General Electric Company, Cisco Systems Inc., Koninklijke Philips N.V., iHealth Labs Inc, Capsule Technologies, Inc., Baxter, Cerner Corporation, Medtronic, Silex Technology, Inc., McKesson Corporation, NantHealth, Inc., Infosys Limited, Lantronix, Inc., Spectrum Medical, Digi International Inc., Siemens, eDevice., Drägerwerk AG & Co. KGaA, Masimo., Hill-Rom Services Inc., True Process Inc., Honeywell International Inc., TE Connectivity., Qualcomm Technologies, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Medical Device Connectivity Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.