Report Scope:
In this report, wireless medical device connectivity has been segmented based on offering, wireless connectivity type, end user, application, and geography. The report provides an overview of the global wireless medical device connectivity market and analyzes the market trends. It considers 2021 as the base year of 2021 and provides estimates for 2022 to 2027. Revenue forecasts from the period for segmentation based on the offering, wireless connectivity type, application, end-user, and geography have been estimated with values derived from manufacturers' total revenues.
The report also includes a section on the major players in the market. Further, it explains the major drivers, competitive landscape, and current trends for wireless medical device connectivity solutions. The report concludes with a detailed focus on the wireless medical device connectivity landscape and includes detailed profiles of the major players operating in the global wireless medical device connectivity market.
Medical device connectivity refers to maintaining connections between medical equipment. It eliminates the possibility of human error. Consequently, data can be transferred between devices more quickly and accurately. The scope of the study includes only wireless medical device connectivity solutions from the three available connectivity types: wired, wireless, and hybrid. These solutions are widely used for diseases that require continuous monitoring, including diabetic patients, cancer patients, asthmatics, etc.
Report Includes:
- 49 data tables and 30 additional tables
- A comprehensive overview and up-to-date analysis of the global market for wireless medical connectivity technologies
- Analyses of the global market trends, with historic market revenue data for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for wireless medical connectivity in USD millions, and corresponding market share analysis based on solutions offering, wireless connectivity type, application, end user, and region
- In-depth information (facts and figures) concerning major market dynamics, opportunities and challenges, technology advancements, value chain analysis, and competitive environment of the leading market players
- Coverage of the technological, economic, and business considerations of the global wireless medical connectivity market, with analyses and growth forecasts through 2027
- Highlights of the emerging technology trends, opportunities and gaps estimating the current and future demand for wireless medical connectivity solutions, and impact of COVID-19 on the progress of this market
- Identification of the companies best positioned to meet this demand owing to or in conjunction with their proprietary technologies, product launches, M&A deals, and other market strategic advantages
- Descriptive company profiles of the industry leading players, including Baxter International Inc., Cisco Systems Inc., Medtronic plc, GE Healthcare, Stryker Corp., and Koninklijke Philips N.V.
Summary:
Wireless medical device connectivity solutions enable healthcare providers to connect medical devices to information systems. This type of solution provides accurate and current data according to requirements. As a result of these connections, patient data are no longer required to be manually entered into the system. Bluetooth, Wi-Fi, telemetry systems, and other wireless technologies are used to connect these devices.
A key factor driving the demand for wireless medical device connectivity solutions is the increasing penetration of healthcare devices that exchange information. Due to these technologies, doctors constantly receive real-time updates about their patients, enabling quicker treatment. By using these technologies, hospital stays are shortened and healthcare expenditures are reduced without affecting he efficiency of the treatment.
Wireless medical devices allow patients to be monitored while moving, enhancing patient connectivity. Wireless medical equipment includes components such as Wi-Fi and Bluetooth, which continue to raise the bar for healthcare worldwide.
Different products face competitive scenarios in the global wireless medical device connectivity market. Currently, the market is highly consolidated. While some market players hold dominant positions, the rest are fragmented globally and regionally. Many market players adopted business strategies like collaborations and product launches. These strategies allow them to remain competitive in the market. The global wireless medical device connectivity market has been segmented based on its offering, wireless connectivity type, end-user, application, and geography. Based on offering, the global wireless medical device connectivity market is segmented into hardware, software, and service. Based on
application, the global wireless medical device connectivity market is segmented into anesthesia and ventilators, vital sign and patient monitors, infusion pumps, and others. Based on wireless connectivity type, the global wireless medical device connectivity market is segmented into Wi-Fi, Zigbee, Bluetooth, and others. Based on end user, the global wireless medical device connectivity market is segmented into home healthcare and others. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW, which includes South America, the Middle East, and Africa).
Wireless Medical Device Connectivity: Global Markets
Table of Contents
Chapter 1 Introduction
1.1 Overview
1.2 Study Goals and Objectives
1.3 Scope of Report
1.4 Reasons for Doing This Study
1.5 Intended Audience
1.6 Information Sources
1.7 Methodology
1.8 Geographic Breakdown
1.9 Analyst's Credentials
1.10 BCC Custom Research
1.11 Related BCC Research Reports
Chapter 2 Summary and Highlights
2.1 Overview
Chapter 3 Market Overview
3.1 Overview
3.1.1 Benefits of Wireless Medical Device Connectivity
3.1.2 Applicational Areas for Wireless Medical Device Connectivity
3.1.3 Wireless Medical Device Connectivity Ecosystem
3.2 Standards for Wireless Medical Device Connectivity
3.3 Regulations for Wireless Medical Device Connectivity
3.4 Porter's Five Forces Analysis
3.4.1 Power of Suppliers
3.4.2 Power of Buyers
3.4.3 Threat of Substitutes
3.4.4 Threat of New Entrants
3.4.5 Degree in Competition
3.5 Future of the Market for Wireless Medical Device Connectivity
3.6 Impact of COVID-19 on the Market for Wireless Medical Device Connectivity
3.6.1 Post-COVID-19 Pandemic Scenario
Chapter 4 Market Dynamics
4.1 Market Drivers
4.1.1 Growing Aging Population
4.1.2 Increasing Cyber-Attacks on Healthcare Institutions
4.1.3 Increasing Adoption of Wearable Devices and HIEs in Healthcare
4.1.4 Medical Device Connectivity Aids in Patient Safety and Data Analytics
4.2 Market Restraints
4.2.1 Lack of Technological Awareness in Rural Areas
4.2.2 Rising Healthcare Fraud
4.3 Market Opportunities
4.3.1 Increased Assistance Against Infectious Diseases
4.3.2 Increasing Adoption of Connectivity Platforms
4.3.3 Growing Collaboration Among Market Players
4.4 Market Challenges
4.4.1 Lack of Standard Interfaces
Chapter 5 Market Breakdown by Offering
5.1 Overview
5.2 Hardware
5.2.1 Wireless Telemetry
5.3 Software
5.4 Services
Chapter 6 Market Breakdown by Wireless Connectivity Type
6.1 Overview
6.2 Wi-Fi
6.3 Bluetooth
6.4 Zigbee
6.5 Others
Chapter 7 Market Breakdown by End User
7.1 Overview
7.2 Home Healthcare
7.3 Hospitals
7.4 Others
Chapter 8 Market Breakdown by Application
8.1 Overview
8.2 Vital Signs and Patient Monitors
8.3 Anesthesia Machines and Ventilators
8.4 Infusion Pumps
8.5 Others
Chapter 9 Market Breakdown by Region
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.1 Canada
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia-Pacific
9.5 Rest of the World
Chapter 10 Competitive Landscape
10.1 Market Ranking
10.2 Strategic Analysis
10.2.1 Product Launches, Expansions, and Partnerships
Chapter 11 Company Profiles
BAXTER INTERNATIONAL INC.
BRIDGE-TECH MEDICAL INC.
CAPSULE TECHNOLOGIES INC. (KONINKLIJKE PHILIPS N.V.)
CISCO SYSTEMS, INC.
DIGI INTERNATIONAL INC.
GE HEALTHCARE (GENERAL ELECTRIC COMPANY)
IATRIC SYSTEMS INC. (HARRIS HEALTHCARE GROUP)
INFOSYS LTD.
LANTRONIX INC.
MASIMO CORP.
MEDTRONIC PLC
MINNETRONIX MEDICAL INC.
ORACLE CORP.
QUALCOMM INC.
SILEX TECHNOLOGY AMERICA INC.
STRYKER
TE CONNECTIVITY LTD.
WIPRO LTD.
Chapter 12 Appendix: Acronyms
List of Tables
Summary Table : Global Market for Wireless Medical Device Connectivity, by Region, Through 2027
Table 1 : Regulations for Wireless Medical Device Connectivity
Table 2 : Porter's Five Forces Analysis: Overview
Table 3 : Largest Healthcare Data Breaches in Terms of Compromised Records, Global, 2021
Table 4 : Largest Healthcare Data Breaches in the U.S., 2021
Table 5 : Global Market for Wireless Medical Device Connectivity, by Offering, 2027
Table 6 : Global Market for Wireless Medical Device Connectivity Hardware, by Region, Through 2027
Table 7 : Global Market for Wireless Medical Device Connectivity Software, by Region, Through 2027
Table 8 : Global Market for Wireless Medical Device Connectivity Services, by Region, Through 2027
Table 9 : Global Market for Wireless Medical Device Connectivity, by Wireless Connectivity Type, Through 2027
Table 10 : Global Wireless Medical Device Wi-Fi Connectivity Market, by Region, Through 2027
Table 11 : Global Wireless Medical Device Bluetooth Connectivity Market, by Region, Through 2027
Table 12 : Global Wireless Medical Device Zigbee Connectivity Market, by Region, Through 2027
Table 13 : Global Market for Wireless Medical Devices in Other Connectivity Types, by Region, Through 2027
Table 14 : Global Market for Wireless Medical Device Connectivity, by End User, Through 2027
Table 15 : Global Market for Wireless Medical Device Connectivity in Home Healthcare, by Region, Through 2027
Table 16 : Global Market for Wireless Medical Device Connectivity in Hospitals, by Region, Through 2027
Table 17 : Global Market for Wireless Medical Device Connectivity in Other End Users, by Region, Through 2027
Table 18 : Global Market for Wireless Medical Device Connectivity, by Application, Through 2027
Table 19 : Global Market for Wireless Medical Device Connectivity in Vital Sign and Patient Monitors, by Region, Through 2027
Table 20 : Global Market for Wireless Medical Device Connectivity in Anesthesia Machines and Ventilators, by Region, Through 2027
Table 21 : Global Market for Wireless Medical Device Connectivity in Infusion Pumps, by Region, Through 2027
Table 22 : Global Market for Wireless Medical Device Connectivity in Other Applications, by Region, Through 2027
Table 23 : Global Market for Wireless Medical Device Connectivity, by Region, Through 2027
Table 24 : North American Market for Wireless Medical Device Connectivity, by Offering, Through 2027
Table 25 : North American Market for Wireless Medical Device Connectivity, by Wireless Connectivity Type, Through 2027
Table 26 : North American Market for Wireless Medical Device Connectivity, by Application, Through 2027
Table 27 : North American Market for Wireless Medical Device Connectivity, by End User, Through 2027
Table 28 : European Market for Wireless Medical Device Connectivity, by Offering, Through 2027
Table 29 : European Market for Wireless Medical Device Connectivity, by Wireless Connectivity Type, Through 2027
Table 30 : European Market for Wireless Medical Device Connectivity, by Application, Through 2027
Table 31 : European Market for Wireless Medical Device Connectivity, by End User, Through 2027
Table 32 : Asia-Pacific Market for Wireless Medical Device Connectivity, by Offering, Through 2027
Table 33 : Asia-Pacific Market for Wireless Medical Device Connectivity, by Wireless Connectivity Type, Through 2027
Table 34 : Asia-Pacific Market for Wireless Medical Device Connectivity, by Application, Through 2027
Table 35 : Asia-Pacific Market for Wireless Medical Device Connectivity, by End User, Through 2027
Table 36 : Rest of the World Market for Wireless Medical Device Connectivity, by Offering, Through 2027
Table 37 : Rest of the World Market for Wireless Medical Device Connectivity, by Wireless Connectivity Type, Through 2027
Table 38 : Rest of the World Market for Wireless Medical Device Connectivity, by Application, Through 2027
Table 39 : Rest of the World Market for Wireless Medical Device Connectivity, by End User, Through 2027
Table 40 : Market Ranking of Top 3 Wireless Medical Device Connectivity Providers, 2021
Table 41 : Product Launches, Expansions, and Partnerships in the Global Market for Wireless Medical Device Connectivity, Dec. 2021-Aug. 2022
Table 42 : Baxter International Inc.: Recent Financial Performance, 2019-2021
Table 43 : Baxter International Inc.: Wireless Medical Device Connectivity Offerings
Table 44 : Baxter International Inc.: Recent Developments, 2022
Table 45 : Bridge-Tech Medical Inc.: Wireless Medical Device Connectivity Offerings
Table 46 : Koninklijke Philips N.V.: Recent Financial Performance, 2019-2021
Table 47 : Koninklijke Philips N.V.: Wireless Medical Device Connectivity Offerings
Table 48 : Cisco Systems, Inc.: Recent Financial Performance, 2019-2021
Table 49 : Cisco Systems, Inc.: Wireless Medical Device Connectivity Offerings
Table 50 : Digi International Inc.: Recent Financial Performance, 2019-2021
Table 51 : Digi International Inc.: Wireless Medical Device Connectivity Offerings
Table 52 : GE Healthcare (General Electric Company): Recent Financial Performance, 2019-2021
Table 53 : GE Healthcare (General Electric Company): Wireless Medical Device Connectivity Offerings
Table 54 : GE Healthcare (General Electric Company): Recent Developments, 2022
Table 55 : Harris Healthcare Group (iatric Systems Inc.): Wireless Medical Device Connectivity Offerings
Table 56 : Infosys Ltd.: Recent Financial Performance, 2020-2022
Table 57 : Infosys Ltd.: Wireless Medical Device Connectivity Offerings
Table 58 : Lantronix Inc.: Recent Financial Performance, 2020-2022
Table 59 : Lantronix Inc.: Wireless Medical Device Connectivity Offerings
Table 60 : Masimo Corp.: Recent Financial Performance, 2020-2022
Table 61 : Masimo Corp.: Wireless Medical Device Connectivity Offerings
Table 62 : Medtronic plc: Recent Financial Performance, 2020-2022
Table 63 : Medtronic plc: Wireless Medical Device Connectivity Offerings
Table 64 : Medtronic: Recent Developments, 2021-2022
Table 65 : Minnetronix: Wireless Medical Device Connectivity Offerings
Table 66 : Oracle Corp.: Recent Financial Performance, 2020-2022
Table 67 : Oracle Corp.: Wireless Medica Connectivity Offerings
Table 68 : Oracle Corp.: Recent Developments, 2021-2022
Table 69 : Qualcomm Inc.: Recent Financial Performance, 2019-2021
Table 70 : Qualcomm Inc.: Wireless Medical Device Connectivity Offerings
Table 71 : Silex Technology America Inc.: Wireless Medical Device Connectivity Offerings
Table 72 : Stryker: Recent Financial Performance, 2019-2021
Table 73 : Stryker: Wireless Medical Device Connectivity Offerings
Table 74 : TE Connectivity Ltd.: Recent Financial Performance, 2019-2021
Table 75 : TE Connectivity Ltd.: Wireless Medical Device Connectivity Offerings
Table 76 : Wipro Ltd.: Recent Financial Performance, 2020-2022
Table 77 : Wipro Ltd.: Wireless Medical Device Connectivity Offerings
Table 78 : Acronyms Used in This Report
List of Figures
Summary Figure : Global Market Shares of Wireless Medical Device Connectivity, by Region, 2021
Figure 1 : Wireless Medical Device Connectivity Ecosystem
Figure 2 : Wireless Medical Device Connectivity Market -- Porter's Five Forces Analysis
Figure 3 : Wireless Medical Device Connectivity Market: Power of Suppliers
Figure 4 : Wireless Medical Device Connectivity Market: Power of Buyers
Figure 5 : Wireless Medical Device Connectivity Market: Threat of Substitutes
Figure 6 : Wireless Medical Device Connectivity Market: Threat of New Entrants
Figure 7 : Wireless Medical Device Connectivity Market: Degree of Competition
Figure 8 : U.S. Aging Population, Projection and Trends, 2020-2050
Figure 9 : Adoption of Electronic Health Records Globally, by Hospital Services, 2019-2021
Figure 10 : Global Market Shares of Wireless Medical Device Connectivity, by Offering, 2021
Figure 11 : Global Market Shares of Wireless Medical Device Connectivity Hardware, by Region, 2021
Figure 12 : Global Market Shares of Wireless Medical Device Connectivity Software, by Region, 2021
Figure 13 : Global Market Shares of Wireless Medical Device Connectivity Services, by Region, 2021
Figure 14 : Global Market Shares of Wireless Medical Device Connectivity, by Wireless Connectivity Type, 2021
Figure 15 : Global Market Shares of Wireless Medical Device Wi-Fi Connectivity, by Region, 2021
Figure 16 : Global Market Shares of Wireless Medical Device Bluetooth Connectivity, by Region, 2021
Figure 17 : Global Market Shares of Wireless Medical Device Zigbee Connectivity, by Region, 2021
Figure 18 : Global Market Share of Wireless Medical Devices in Other Connectivity Types, by Region, 2021
Figure 19 : Global Market Shares of Wireless Medical Device Connectivity, by End User, 2021
Figure 20 : Global Market Share of Wireless Medical Device Connectivity in Home Healthcare, by Region, 2021
Figure 21 : Global Market Shares of Wireless Medical Device Connectivity in Hospitals, by Region, 2021
Figure 22 : Global Market Share of Wireless Medical Device Connectivity in Other End Users, by Region, 2021
Figure 23 : Global Market Shares of Wireless Medical Device Connectivity, by Application, 2021
Figure 24 : Global Market Shares of Wireless Medical Device Connectivity in Vital Sign and Patient Monitors, by Region, 2021
Figure 25 : Global Market Shares of Wireless Medical Device Connectivity in Anesthesia Machines and Ventilators, by Region, 2021
Figure 26 : Global Market Shares of Wireless Medical Device Connectivity in Infusion Pumps, by Region, 2021
Figure 27 : Global Market Shares of Wireless Medical Device Connectivity in Other Applications, by Region, 2021
Figure 28 : Global Market Shares of Wireless Medical Device Connectivity, by Region, 2021
Figure 29 : North American Market Shares of Wireless Medical Device Connectivity, by Offering, 2021
Figure 30 : North American Market Shares of Wireless Medical Device Connectivity, by Wireless Connectivity Type, 2021
Figure 31 : North American Market Shares of Wireless Medical Device Connectivity, by Application, 2021
Figure 32 : North American Market Shares of Wireless Medical Device Connectivity, by End User, 2021
Figure 33 : U.S. Market for Wireless Medical Device Connectivity, 2021-2027
Figure 34 : Canadian Market for Wireless Medical Device Connectivity, 2021-2027
Figure 35 : European Market Shares of Wireless Medical Device Connectivity, by Offering, 2021
Figure 36 : European Market Shares of Wireless Medical Device Connectivity, by Wireless Connectivity Type, 2021
Figure 37 : European Market Shares of Wireless Medical Device Connectivity, by Application, 2021
Figure 38 : European Market Shares of Wireless Medical Device Connectivity, by End User, 2021
Figure 39 : German Market for Wireless Medical Device Connectivity, 2021-2027
Figure 40 : U.K. Market for Wireless Medical Device Connectivity, 2021-2027
Figure 41 : French Market for Wireless Medical Device Connectivity, 2021-2027
Figure 42 : Rest of Europe Market for Wireless Medical Device Connectivity, 2021-2027
Figure 43 : Asia-Pacific Market Shares of Wireless Medical Device Connectivity, by Offering, 2021
Figure 44 : Asia-Pacific Market Shares of Wireless Medical Device Connectivity, by Wireless Connectivity Type, 2021
Figure 45 : Asia-Pacific Market Shares of Wireless Medical Device Connectivity, by Application, 2021
Figure 46 : Asia-Pacific Market Shares of Wireless Medical Device Connectivity, by End User, 2021
Figure 47 : Chinese Market for Wireless Medical Device Connectivity, 2021-2027
Figure 48 : Japanese Market for Wireless Medical Device Connectivity, 2021-2027
Figure 49 : Indian Market for Wireless Medical Device Connectivity, 2021-2027
Figure 50 : Rest of Asia-Pacific Market for Wireless Medical Device Connectivity, 2021-2027
Figure 51 : Rest of the World Market Shares of Wireless Medical Device Connectivity, by Offering, 2021
Figure 52 : Rest of the World Market Shares of Wireless Medical Device Connectivity, by Wireless Connectivity Type, 2021
Figure 53 : Rest of the World Market Shares of Wireless Medical Device Connectivity, by Application, 2021
Figure 54 : Rest of the World Market Shares of Wireless Medical Device Connectivity, by End User, 2021
Figure 55 : Baxter International Inc.: Revenue Share, by Business Segment, 2021
Figure 56 : Baxter International Inc.: Revenue Share, by Region, 2021
Figure 57 : Koninklijke Philips N.V.: Revenue Share, by Business Segment, 2021
Figure 58 : Koninklijke Philips N.V.: Revenue Share, by Country, 2021
Figure 59 : Cisco Systems, Inc.: Revenue Share, by Business Segment, 2021
Figure 60 : Cisco Systems, Inc.: Sales Share, by Region, 2021
Figure 61 : Digi International Inc.: Revenue Share, by Business Segment, 2021
Figure 62 : Digi International Inc.: Revenue Share, by Region, 2021
Figure 63 : GE Healthcare (General Electric Company): Revenue Share, by Business Segment, 2021
Figure 64 : GE Healthcare (General Electric Company): Sales Share, by Country, 2021
Figure 65 : Infosys Ltd.: Revenue Share, by Business Segment, 2022
Figure 66 : Infosys Ltd.: Sales Share, by Region/Country, 2022
Figure 67 : Lantronix Inc.: Revenue Share, by Business Segment, 2022
Figure 68 : Lantronix Inc.: Revenue Share, by Region, 2022
Figure 69 : Masimo Corp.: Revenue Share, by Region/Country, 2022
Figure 70 : Medtronic plc: Revenue Share, by Business Segment, 2022
Figure 71 : Medtronic plc: Sales Share, by Country, 2022
Figure 72 : Oracle Corp.: Revenue Share, by Business Segment, 2022
Figure 73 : Oracle Corp.: Revenue Share, by Region, 2022
Figure 74 : Qualcomm Inc.: Revenue Share, by Business Segment, 2021
Figure 75 : Qualcomm Inc.: Revenue Share, by Country, 2021
Figure 76 : Stryker: Revenue Share, by Business Segment, 2021
Figure 77 : Stryker: Sales Share, by Geography, 2021
Figure 78 : TE Connectivity Ltd.: Revenue Share, by Business Segment, 2021
Figure 79 : TE Connectivity Ltd.: Revenue Share, by Region, 2021
Figure 80 : Wipro Ltd.: Revenue Share, by Segment, 2022
Figure 81 : Wipro Ltd.: Revenue Share, by Region/Country, 2022
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