Medical Device Connectivity Market: Global Industry Analysis and Forecast (2023-2029)

Medical Device Connectivity Market was valued at USD 2.12 Billion in 2022, and it is expected to reach USD 9.43 Billion by 2029, exhibiting a CAGR of 23.71 % during the forecast period (2023-2029).

Medical device connectivity helps to reduce healthcare costs. Medical device connectivity permits the remote monitoring of chronic diseases like diabetes and high blood pressure. The report explores the Medical Device Connectivity Market’s segments (Connectivity and Content, and End Users). Data has been provided by market participants, and End User (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all healthcare systems sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Medical Device Connectivity Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Medical Device Connectivity Market’s contemporary competitive scenario.
Medical Device Connectivity Market Snapshot
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Medical Device Connectivity Market Dynamics
Over the next seven years, the health care and life sciences industries are converting from reactive and largely episodic models to provident digitally enabled models, which can deliver better value for patients. An intro of the disruptive technologies is changing ways of working across the healthcare sector. A series of technological and educational revolutions are getting into technology and people to be improved connectivity, which is leading to the development of a network of connected, smart devices and objects. Big data, AI, mobile usages, 3D printing, advanced detectors, and other technologies are expected to produce new opportunities for key players, which are operating in the global medical device connectivity market.

An integration of connected medical devices into established care pathways is demanding and needs significant cooperation from multiple stakeholders to work successfully. Cross-industry collaborations are playing a vital part in bridging gaps in experience and creating solutions, which deliver clinical, functional, and monetary value. Cost-effective and purposefully designed, technology- enabled health care results are expected to upgrade the well- being of millions of people.

The adoption of connected medical devices is expanding for home healthcare because of the introduction of technologies like mobile health. The connected medical device is transferring cautions to croakers or concerned people in case of a healthcare crisis. The Medical device connectivity system also reduces the number of nursing hours and offers enhanced functional effectiveness of the healthcare staff. It can give optimal patient care in lower time and serve a lesser number of cases.

On the other hand, some of the enterprises regarding with security issues and high original costs are expected to limit the global medical device connectivity market growth. The report has profiled seventeen key players in the demand from different regions. still, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. expanding R&D conditioning in each region are different and focus is given on the indigenous impact on the cost, accessibility of advanced technology is anatomized and report has come up with recommendations for a future hot spot in APAC region.
Medical Device Connectivity Market, by Technology in 2022 (%)


MMR provides an analysis of the key trends in each sub-segment of the Blood Irradiator Device

The hybrid technologies, segment is expected to contribute xx% share in the global medical device connectivity market. The growth in the market by technology segment is attributed to the high demand for network bandwidth governance and network visibility within health setups, demand for scalability, and adoption of connected smart devices. An increase in demand for hybrid technologies in hospitals and home care settings is expected to boost market growth.

The hospitals segment is expected to contribute xx% share in the global market. The growth in the request is attributed to the large case volume, copping power of hospitals to buy innovative medical device connectivity results, and adding focus on offering high- quality patient care and safety. Hospitals and small practices are looking for medical device data to be more interoperable, complete, standardized, and accurate to perfect clinical issues and patient safety. Hospitals frequently employment hundreds of customizations to make EHRs user-friendly and have multiple connecting systems, which helps to increase the complexity of participating information.
Medical Device Connectivity Market Regional Insights
The North American End User holds an xx% market share in global Market. Aggregate demand for sophisticated and well-organized medical devices is driving the growth of the US market. Increasing medical costs, medical needs of the aging population, and the number of cases of surgery are also some of the drivers behind market growth. The pharmaceutical market is expected to grow rapidly, but political instability is now affecting the global economy as a whole. For example, Trump's trade war with China and the turmoil in the UK's Brevity process have created market uncertainty in the market. Business fundamentals are expected to be strong and very bullish during the forecast period.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the devices. The past and current status of the Surgery with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Surgery with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Surgery to the decision-makers.

The reports also help in understanding the Market dynamic, structure by analysing the market segments and projecting the  Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, Surgery portfolio, growth strategies, and End-Industrial presence in the Market make the report investor’s guide.
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Global Medical Device Connectivity Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2021:
US $ 2.12 Bn.


Forecast Period 2023 to 2029 CAGR:
23.71%
Market Size in 2029:
US $ 9.43 Bn.


 Segments Covered:
by Component
Medical Device Connectivity Solutions
Medical Device Integration
Interface Devices
Connectivity Hubs
Telemetry Systems
Medical Device Connectivity Services
 Support and Maintenance
 Implementation and Integration
 Training
 Consulting



by Technology
Wired Technologies
Wireless Technologies
Hybrid Technologies


by End User
Hospitals
Home Healthcare Centers
Diagnostic and Imaging Centers
Ambulatory Care Centers



 Medical Device Connectivity Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Medical Device Connectivity Market, Key Players are
1. Infosys
2. Lantronix
3. S3 Connected Health
4. Iatric Systems, Inc.
5. Silex Technology, Inc.
6. True Process
7. Medicollector Llc
8. Cerner Corporation
9. Capsule Technologies, Inc.
10. GE Healthcare
11. Koninklijke Philips
12. Medtronic Plc
13. Ihealth Labs Inc.
14. Cisco Systems
15. Bridge-Tech Medical, Inc.
16. Digi International Inc.
17. Te Connectivity
18. Spectrum Medical Ltd.
19. Hill-Rom Holdings Inc.
20. Masimo Corporation

Frequently Asked Questions:

1] What segments are covered in the Global Medical Device Connectivity Market report?
Ans. The segments covered in the Medical Device Connectivity Market report are based on Component, Technology and End User.

2] Which End User is expected to hold the highest share in the Global Medical Device Connectivity Market?
Ans. The Asia Pacific End User is expected to hold the highest share in the Medical Device Connectivity Market.

3] What is the market size of the Global Medical Device Connectivity Market by 2029?
Ans. The market size of the Medical Device Connectivity Market by 2029 is expected to reach USD 9.43 Bn.

4] What is the forecast period for the Global Medical Device Connectivity Market?
Ans. The forecast period for the Medical Device Connectivity Market is 2023-2029.

5] What was the market size of the Global Medical Device Connectivity Market in 2022?
Ans. The market size of the Medical Device Connectivity Market in 2022 was valued at USD 2.12 Bn.