The latest research report by Emergen Research, named ‘Global Medical Device Connectivity Market - Forecast to 2028’, includes a thorough analysis of the current and projected developments in the global market for medical device connectivity. Because of the region's expanding hospital patient safety standards, North America is anticipated to outperform other regional markets in terms of revenue share contribution during the projection period. Additionally, the region's market is anticipated to increase in the future thanks to the existence of numerous healthcare information and technology companies.
The demand for automatic data input systems in healthcare institutions is anticipated to further fuel the expansion of the global market for medical device connectivity. Future market growth is also anticipated to be aided by the healthcare sector's growing adoption of health information exchange systems.
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The report closely studies the growth trajectory of the global Medical Device Connectivity market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Key market players include Infosys Limited, Cisco Systems, Inc., Medtronic plc, Cerner Corporation, Digi International Inc., Lantronix, Inc., Masimo Corporation, Stryker Corporation, Qualcomm Inc., and Baxter International Inc.
Some Key Highlights in the Report
- The medical device integration segment is expected to lead in terms of revenue share and register a significantly robust CAGR during the forecast period. Integration of medical devices is a software-based solution that remotely collects and combines the patient's vital signs through various medical devices at the same time, and deployment of this software has been increasing due to convenience in terms of usage, which is expected to drive revenue growth of this segment going ahead.
- Rising adoption of medical device connectivity systems to incorporate medical devices with Electronic Medical Records and Electronic Health Records is driving revenue growth of implementation & integration segment.
- The wireless segment is expected to lead in terms of revenue share contribution to the global market during the forecast period. Wireless systems enable offering of high level of healthcare service and improved treatments as doctors constantly receive real-time information about patients, and this is a key factor driving preference across healthcare sectors.
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However, concerns regarding cyber-attacks and high deployment costs of medical device connectivity systems are key factors expected to hamper growth of the global medical device connectivity market to a certain extent during the forecast period. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
Emergen Research has segmented the global medical device connectivity market on the basis of solution, service, technology, end-use, and region.
Solution Outlook (Revenue, USD Billion; 2018–2028)
- Interface Devices
- Telemetry Systems
- Connectivity Hubs
- Medical Device Integration
Service Outlook (Revenue, USD Billion; 2018–2028)
- Training
- Support & Maintenance
- Consulting
- Implementation & Integration
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Wireless
- Wired
- Hybrid
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Ambulatory Care Centers
- Hospitals
- Diagnostic & Imaging Centers
- Home Healthcare Centers
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