For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
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 t- 2030
Product Overview
Connectivity with Medical Devices is a general concept that als- 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 t- project a notable CAGR of 25.5% in 2030.
Medical Device Connectivity Market t- 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 t- grow with the highest CAGR during 2020-30
Medical Device Connectivity Market is segmented by technology int- 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 t- 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 int- 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 t- continue its market dominance in the future followed by the countries in the European region due t- 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 t- be the fastest-growing market. Growing R&D investments for the development of technologically advanced healthcare infrastructure are factors attributed t- 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
Cisc- Systems, Inc.
Infosys Limited
Digi International Inc.
Lantronix, Inc.
Bernoulli Enterprise, Inc
Medical Device Connectivity Market report als- contains analysis on:
Medical Device Connectivity Market Segments:
By Product & Service:
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 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 t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- 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?