Global Medical Device Connectivity Market Size USD 17.31 Billion in 2032 | Emergen Research

Vancouver, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The global medical device connectivity market size reached USD 1.55 Billion in 2021 and is expected to register a CAGR of 24.5% during the forecast period, according to latest analysis by Emergen Research. Rising demand for data analytics solutions in the healthcare industry is a key factor expected to drive revenue growth of the global medical device connectivity market during the forecast period. Besides, rising emphasis on patient safety and quality of care is expected to further augment market growth. In addition, rising demand for telemedicine and telehealth applications in the healthcare industry is expected to support growth of the global medical device connectivity market going ahead.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/474

However, inability of some end-users to adopt digital information technology systems is expected to hamper global medical device connectivity market growth to a certain extent during the forecast period.

Segments Covered in Report

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/474

MAJOR COMPANIES and Competitive Landscape

The global medical device connectivity market is fragmented, with a large number of large and medium-sized market players accounting for major revenue share. Key players are focusing and implementing various strategies, entering into mergers and acquisitions, strategic agreements, and contracts, adopting more advanced technologies and offering related solutions. Some prominent players operating in the medical device connectivity market are:

•             Infosys Limited

•             Cisco Systems, Inc.

•             Medtronic plc

•             Cerner Corporation

•             Digi International Inc.

•             Lantronix, Inc.

•             Masimo Corporation

•             Stryker Corporation

•             Qualcomm Inc.

•             Baxter International Inc.

Strategic Development

• In September 2020, Cheetah Medical, Inc. was acquired by Baxter International Inc. Through this deal, Baxter will strengthen its position in the field of digital healthcare services by incorporating non-invasive hemodynamic monitoring devices and technologies of Cheetah Medical.
• In January 2020, Masimo Corporation reached a definitive agreement to acquire NantHealth, Inc. The deal advances Masimo's objective to help hospitals enhance the quality of treatment by using hospital automated systems, connectivity, and advanced non-invasive monitoring technologies. Connected care solution provider, NantHealth, Inc. is a well-established player and a pioneer in delivering hospital connectivity solutions, allowing seamless data processing and storage of medical device information via a vendor-agnostic framework in electronic health records or other clinical information systems.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/474

Some Key Highlights From the Report

• The medical device connectivity solutions segment is expected to account for largest revenue share during the forecast period due to increasing installation of Electronic Health record (EHRs) and Health Information Exchange (HIE) systems. In addition, growing need for integrated healthcare systems is also driving revenue growth of this segment. For example, over the last decade, implementation of fundamental data standards, such as RxNorm (NLM, 2022), Health Level 7 Fast Healthcare Interoperability Resources (FHIR) (HL7 International, n.d.), SNOMED (SNOMED International, n.d.), and the United States Core Data for Interoperability (USCDI) (HealthIT.gov, n.d.), has resulted in significant progress in interoperability.
• The wired segment is expected to grow at a significant rate throughout the forecast period owing to features such as stability, high speed, and ease of access. There are also fewer concerns about security breaches. For example, smart wires with sensing capabilities, are a contemporary trend. The medical device sector is now preferring reactive measures instead of preventative measures. This means that therapeutic devices will be able to detect and notify patients and physicians of possible health issues before they occur. As a result, benefits provided by wired technology are increasing demand for medical device connectivity solutions, which is driving market revenue growth.
• The anesthesia machines and ventilators segment is expected to grow at a rapid rate during the forecast period due to increasing technological advancements. For example, in November 2021, MDoloris Medical Systems' HFVI MOC-9 high-frequency variability index monitor, has received commercial approval and regulatory clearance in Japan. This device is reported to be the country's first monitoring device for anesthesia and analgosedation patients. Another example is development of a device called 'Jivan Vayu' by the Indian Institute of Technology, Ropar, which could be used instead of a Continuous Positive Airway Pressure (CPAP) machine. CPAP is a treatment technique for individuals who suffer from sleep apnea, which employs mild air pressure, keeps the airways open to allow for easier breathing.
• The hospital segment is expected to lead the global market in terms of revenue share during the forecast period, owing to its ability to make considerable expenditures on medical device connectivity solutions, as well as necessity to deliver superior health services. For example, in 2021, majority of Danish hospitals used  Nemo Healthcare fetal monitoring system. In Denmark, around fifty NemoRemote systems are now in service. During pregnancy, both unborn child and mother could be monitored at home using an innovative patch and a tablet.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@  https://www.emergenresearch.com/industry-report/medical-device-connectivity-market

Emergen Research has segmented the global medical device connectivity market based on product & services, technology, application, end-use, and region:

• Product & Services Outlook (Revenue, USD Million; 2023-2032)
  • Medical Device Connectivity Solutions
    1. Integration Solutions
    2. Telemetry Systems
    3. Connectivity Hubs
    4. Interface Devices
  • Medical Device Connectivity Services
    1. Support & Maintenance Services
    2. Implementation & Integration Services
    3. Training Services
    4. Consulting Services

• Technology Outlook (Revenue, USD Million; 2023-2032)
  • Wireless
  • Wired
  • Hybrid

• Application Outlook (Revenue, USD Million; 2023-2032)
  • Vital Signs & Patient Monitors
  • Anesthesia Machines & Ventilators
  • Infusion Pumps
  • Other Applications
    1. Imaging Systems
    2. Implantable Cardiac Devices
    3. Respiratory Devices
    4. Neurological Devices
    5. Fetal Monitoring Devices

• End-use Outlook (Revenue, USD Million; 2023-2032)
  • Hospitals
  • Home Healthcare Centers
  • Ambulatory Care Centers
  • Diagnostic & Imaging Centers

• Regional Outlook (Revenue, USD Million; 2023-2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Israel
    5. Rest of Middle East & Africa

Curated Reports You Shouldn't Miss: Dive In Now!

Oligonucleotide Synthesis Market By Product (Linkers, Synthesized Oligonucleotides, Equipment, Probe, Adaptor, Reagent), By Application (Therapeutic, Research, Diagnostics), By End-Use (Pharmaceutical, Hospitals, Biotechnology, Laboratories), By Region Forecasts to 2027

Medical Radiation Detection, Monitoring, and Safety Market By Product (Personal Dosimeters, Area Process Monitors, Environment Radiation Monitors, Surface Contamination Monitors), By Detectors (Gas-Filled Detectors, Scintillators, Solid-State Detectors), By Application, and By Region, Forecasts to 2027

Intelligent Drug Discovery Market, By Offering (Software, Services), By Technology (Machine Learning, Other Technologies), By Application (Neurodegenerative Disease, Metabolic Diseases), By End-use, By Region Forecast to 2032

Virtual Diagnostics Market By Type (Gastrointestinal Virtual Diagnostics, Ophthalmology Virtual Diagnostics, Cardiology Virtual Diagnostics, Pathology Virtual Diagnostics), By End Users (Hospitals, Specialty Clinics and Ambulatory Surgical Centers, Others), and By Region, Forecasts to 2027

3D Printing Healthcare Market By Component, By Technology, By Application, By End-Users, Forecasts to 2027

Digital Biomarkers Market By System Component, By Therapeutic Area, By End-Users, Forecasts to 2027

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Medical Device Connectivity Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-medical-device-connectivity-market