Global Medical Device Connectivity Market By Component (Wi-Fi Hardware, Wireless Medical Telemetry Hardware, Bluetooth Hardware, Wired Hardware, Software) By End User (Hospitals, Home Care, Others) By Geography

 

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The Global Medical Device Connectivity Market was valued at USD 1.8 billion in 2020 and is projected to reach USD 5.9 billion by 2027, at a CAGR of 25.2% during 2021-2027. Medical device connectivity (MDC) is utilized to remotely control, arrange and screen patient's organization information, for example, measurements, rate, timing and so on., physiological information and other key data. This enables human services suppliers to give most ideal care to their patients. MDC not just improves clinical examination abilities and choice help yet in addition makes exact and finish photo of patients' conditions. This prompts enhanced care procedures and patient results. Rising need to cut back social insurance cost, developing need to coordinate human services frameworks for enhancing nature of care and endeavors of medicinal services suppliers to expand their arrival on venture are the factors propelling Global Medical Device Connectivity market. Furthermore, rising interest for home human services is further prompting increment appropriation of therapeutic devices availability.  Medical device connection is a broad concept that also encompasses AI and Big Data Analytics. With the growth of wireless connectivity in nearly every domain, the demand for wireless instruments in the medical field is skyrocketing. Medical device connection is being used extensively in the modernization of hospitals and nursing homes for patient monitoring and dose monitoring. Alerts and emergency alarms are also important components that work as connected devices. The government's regulatory framework encourages interconnectivity in medical facilities, making it increasingly common. However, high expense of establishment, safe from human services experts to embrace profoundly modern IT arrangements, and absence of standard interface are set to hamper Medical Device Connectivity market . The Medical Device Connectivity Market is classified on the basis of Component, end user and geographical regions.

 

Medical Device Connectivity Market Summary

Study Period

2023-29

Base Year

2022

CAGR

25.2%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Growth

The development of market is attributable to new directions, for example, “significant utilize” necessities, the execution of ACO’s and some other ongoing changes in the government medicinal services controls, for example, medicare and Medicaid motivator and punishment designs are driving change in this market. One of such change is important necessity for reporting pulse in EMR will increment from half to 80% on all patients. Likewise the need to precisely store and break down information for enhanced social insurance quality is affectively driving the development of this market. Likewise now HDO assets needs to keep up tweaked interfaces and keep up manual information bolsters from Medical Device Connectivity.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Medical Device Connectivity Market Segmentation

By Component
  • Wi-Fi Hardware
  • Wireless Medical Telemetry Hardware
  • Bluetooth Hardware
  • Wired Hardware
  • Software
By End User
  • Hospital
  • Home Care
  • Others
By Geography
North America
  • US
  • Canada
Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
Asia-Pacific
  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America
Middle East and Africa (MEA)
  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  • Cerner Corporation
  • Qualcomm Life
  • Philips
  • GE Healthcare
  • Medtronic
  • Infosys Limited
  • Cisco Systems
  • Bernoulli Enterprise
  • Digi International
  • Lantronix