Selbyville, Delaware, Global Medical Device Connectivity Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Medical Device Connectivity Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Medical Device Connectivity market and provides information regarding the revenue for the period 2020 to 2027.
Global Medical device connectivity Market to reach USD 6.94 billion by 2027. Global Medical device connectivity Market is valued approximately USD 1.11billion in 2019 and is anticipated to grow with a healthy growth rate of more than 25.70% over the forecast period 2020-2027.
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Medical device connectivity helps in establishing connection between various medical equipment and devices in a healthcare setting which helps in sharing the information. The connected medical devices carry important information such as maintenance schedule along with device tracking system through real time location system (RTLS).Further, the demand for home healthcare due to the advent of technologies such as mobile-health is likely to drive the growth of the market. The system also reduces the number of nursing hours as intelligent medical devices increase operational efficiency of the healthcare staff.
Moreover, the demand for home healthcare due to the advent of technologies such as mobile-health, is also driving the growth of the market. For Instance: as per the Journal of Urgent Care Medicine in 2017, Hospital Corporation of America has expanded Medical device connectivity as an effort to build patient access points in its 14 major markets. Also, the Corporation use a portion of its effort $2.9 billion capital budget in 2017 to increase urgent care locations from 72 to 120 by the year-end. This will lead to the demand for the automation in medical industry. However, security concerns such as patient privacyimpedes the growth of the market over the forecast period of 2020-2027. Also, the rising research and development in the medical industry and increasing demand for automation is likely to boost the market growth.
Major market player included in this report are:
- GE Healthcare
- Qualcomm Inc.
- Cerner Corporation
- Nanthealth, Inc.
- Koninklijke Philips N.V.
- Medtronic PLC
- Cisco Systems, Inc.
- Infosys Limited
- Digi International Inc.
The regional analysis of global Medical device connectivity market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to widespread adoption of clinical device connectivity and interoperability solutions in order to curtail the rising healthcare costs. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising demand for automation and government regulations regarding the adoption of automation in medical industry. create lucrative growth prospects for the Medical device connectivity market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By End User:
- North America
- Asia Pacific
- Latin America
- Rest of the World
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