Medical Device Connectivity Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

SKU ID : FPG- 18330190

Publishing Date : 19-Mar-2021

No. of pages : 166

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  • Medical Device Connectivity Market: Market Segments: By Product & Service (Medical Device Connectivity Solutions and Medical Device Connectivity Services); By Technology (Wired Technologies, Wireless Technologies and Hybrid Technologies); By End User (Hospitals, Home Healthcare Centers, Diagnostic and Imaging Centers and Ambulatory Care Centers); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
    Product Overview
    Connectivity with Medical Devices is a general concept that also includes artificial intelligence and big data analytics. The demand for wireless tools in the medical sector is growing at a tremendous pace with increasing wireless communication in nearly every domain. In terms of patient care and dose monitoring, automation of hospitals and old age homes requires significant applications of medical device connectivity.
    Market Highlights
    Medical Device Connectivity Market is expected to project a notable CAGR of 25.5% in 2030.
    Medical Device Connectivity Market to surpass USD 4.7 billion by 2030 from USD 1.2 billion in 2018 at a CAGR of 25.5% throughout the forecast period, i.e., 2020-30. The connectivity market for medical devices is gaining importance as it enables better control of patients and the information system, which is the main market driver.
    Medical Device Connectivity Market: Segments
    Wired technologies segment to grow with the highest CAGR during 2020-30
    Medical Device Connectivity Market is segmented by technology into wired technologies, wireless technologies, and hybrid technologies Based on application, the wireless technologies segment held the leading position with a market share of around XX.X% in the Medical Device Connectivity market in 2018.
    Medical Device Connectivity Market: Market Dynamics
    Drivers
    Increase in the Demand for Telehealth and Telemedicine Technologies
    Increased adoption of electronic health records and health information sharing systems, increased demand for telehealth and telemedicine technologies, and technological developments in wireless and Bluetooth-enabled medical devices are key factors for market development. In the healthcare IT sector, electronic data is a rapidly evolving subject. The healthcare industry has generated tremendous quantities of data since its inception, powered by record keeping, enforcement and regulatory requirements, and patient care.
    Restrain
    High cost of Medical Device Connectivity systems
    However, the development of the Medical Device Connectivity market is hindered by uncertain reimbursement policies, shortages of trained staff, and the reluctance of older pathologists to embrace modern technologies. While these systems can be afforded by large hospitals with substantial capital budgets, pathologists and academic institutions with small budgets or IT support often cannot afford them.
    Medical Device Connectivity Market: Regions
    Medical Device Connectivity Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
    Medical Device Connectivity Market in North America held the largest market share of XX.X% in the year 2018 and it is expected to continue its market dominance in the future followed by the countries in the European region due to raised disposable income, and growing healthcare expenditure. In addition, the emergence of major market players with improved healthcare products has strengthened the connectivity market for medical devices. During the forecast period, the Asia-Pacific region is projected to be the fastest-growing market. Growing R&D investments for the development of technologically advanced healthcare infrastructure are factors attributed to growth. In addition, the government's favourable policies, along with an increase in per capita income, would stimulate business growth.
    Medical Device Connectivity Market: Key Players
    • GE Healthcare
    Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
    • Qualcomm Inc.
    • Cerner Corporation
    • Nanthealth, Inc.
    • Koninklijke Philips N.V.
    • Medtronic PLC
    • Cisco Systems, Inc.
    • Infosys Limited
    • Digi International Inc.
    • Lantronix, Inc.
    • Bernoulli Enterprise, Inc
    Medical Device Connectivity Market report also contains analysis on:
    Medical Device Connectivity Market Segments:
    By Product & Service:
    • Medical Device Connectivity Solutions
    o Medical Device Integration
    o Interface Devices
    o Connectivity Hubs
    o Telemetry Systems
    • Medical Device Connectivity Services
    o Support and Maintenance
    o Implementation and Integration
    o Training
    o 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 Dynamics
    • Medical Device Connectivity Market Size
    • Supply & Demand
    • Current Trends/Issues/Challenges
    • Competition & Companies Involved in the Market
    • Value Chain of the Market
    • Market Drivers and Restraints
    FAQs on Medical Device Connectivity Market
    · Which segment is anticipated to hold the largest market share?
    · At what CAGR is the market anticipated to grow between 2020 and 2030?
    · Who are the key players in the Medical Device Connectivity Market?
    · What could be the challenging factors in the growth of Medical Device Connectivity Market?
    · What are the growth drivers for the Medical Device Connectivity Market?


    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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