Global Wireless Medical Device Connectivity Market, By Component (Wi-Fi Hardware, Wireless Medical Telemetry Hardware, Bluetooth Hardware), End-User (Hospitals, Home Healthcare, Diagnostic Centers, Ambulatory Care), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, 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 2027
Wireless medical device connectivity market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.50% in the forecast period of 2020 to 2027. The growing need for advanced healthcare services will help in escalating the growth of the wireless medical device connectivity market.
Medical device connectivity refers to the establishment of a connection where data is transferred between a medical device and an information system. Wireless medical devices offer more all-over coverage of connectivity which allows uninterrupted monitoring of patients in transit. Devices such as Wi-Fi, and bluetooth are included in wireless medical devices which continue to improve the quality of healthcare globally.
The outbreak of COVID-19 causing people to look for home-based healthcare, the increasing demand for remote patient monitoring, and more accurate and efficient analysis of patients in order to improve the healthcare treatments are the key factors driving the market in the forecast period of 2020 to 2027. The need to curb down the costs through shorter patient stays, lesser office appointments and lower number of readmissions also escalate the market. Additionally, growth in the usage of automated documentation and workflow for patient’s safety and efficiency and implementation of regulations in regards to healthcare services also influence the wireless medical device connectivity market.
Furthermore, the rising demand of technologies such as telehealth, inclination towards home healthcare and telemedicine and the penetration of cloud and mobility driven devices in the healthcare industry extend profitable opportunities to the market players.
On the other hand, medical professionals opposing to adopt new healthcare IT solutions and higher costs for small healthcare organizations to afford are the factors expected to obstruct the market growth of wireless medical device connectivity market. Data security concerns, merging between various hospital IT systems and medical devices and lack of skilled workforce for healthcare IT are factors projected to challenge the market.
This wireless 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 localized 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 wireless 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.
Wireless Medical Device Connectivity Market Scope and Market Size
Wireless medical device connectivity market is segmented into component and end-user. The growth amongst these segments will help you analyze 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.
- On the basis of component, the wireless medical device connectivity market is segmented into Wi-Fi hardware, wireless medical telemetry hardware and bluetooth hardware
- On the basis of end-user, the wireless medical device connectivity market is segmented into hospitals, home healthcare, diagnostic centers and ambulatory care.
Wireless Medical Device Connectivity Market Country Level Analysis
Wireless medical device connectivity market is analyzed and market size insights and trends are provided by country, component and end-user as referenced above.
The countries covered in the wireless 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 wireless medical device connectivity market because of the significant adoption of the wireless medical device connectivity and operability, growth in number of healthcare providers and risen coronavirus cases and causalities in this region. Stringent regulations implemented by the government and non-government authorities also escalate the market growth.
The country section of the wireless 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
Wireless 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 wireless medical device connectivity market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the wireless medical device connectivity market. The data is available for historic period 2020-2027.
Competitive Landscape and Wireless Medical Device Connectivity Market Share Analysis
Wireless 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 wireless medical device connectivity market.
The major players covered in the wireless medical device connectivity market report are Cerner Corporation, Honeywell HomeMed LLC, eDevice Inc., Cardiopulmonary Corporation, Digi International Inc., Cisco Systems Inc., Siemens Healthcare, GENERAL ELECTRIC COMPANY., Qualcomm Inc., Infosys Limited, Capsule Technologies, Inc., Koninklijke Philips N.V., Medtronic, Masimo., Hill-Rom Services, Inc., iHealth Labs, Inc., True Process Inc., Lantronix, Inc., Bernoulli Enterprise, Inc., TE Connectivity., NantHealth, 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 Wireless 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 customized 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 analyzed 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.