Medical Device Connectivity Market Analysis, Growth and Forecast Report To 2025

The latest research study titled, “Medical Device Connectivity Market by Technology and Component - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the Medical Device Connectivity Market is projected to be around $ 2.1 billion by 2025.

The global medical device connectivity market is projected to be around $2.1 billion by 2025. This is attributed to factors such as rising need to downsize healthcare cost, growing need to integrate healthcare systems for improving quality of care, and efforts of healthcare providers to maximize their return on investment. In addition, rising demand for home healthcare is further leading to increase adoption of medical device connectivity solutions. However, high cost of installation, resistant from healthcare professionals to adopt highly sophisticated IT solutions, and lack of standard interface are set to hamper uptake of these devices by healthcare professionals globally.

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Key Market Players:.

  • Capsule Tech Inc.
  • Cerner Corporation
  • Philips Healthcare
  • Digi International Inc.
  • Cisco Systems Inc.
  • Siemens Healthcare
  • Honeywell HomMed LLC
  • Dräger Medical GmbH
  • eDevice Inc.
  • Qualcomm Inc.
  • Lantronix Inc.
  • Bernoulli Enterprise Inc.
  • GE Healthcare.

Medical device connectivity services segment dominated the global market in 2016, primarily due to need of effective implementation and demand for maximum utilization of connectivity services. Wired hardware accounted for largest share in 2016 and is predicted to maintain its leading position during forecast period. Wireless hardware is expected to grow at highest rate because of various benefits such as portability and cost effectiveness. However, new versions with minimum cost, low energy consumption, and compact size will drive the demand for wireless technology such as Wi-Fi and Bluetooth.
U.S. dominated the North American medical connectivity devices market in 2016, due to the rising adoption of home care medical devices to manage and improve prolonged medical conditions. As medical device connectivity facilitates connection between physicians and medical devices, it becomes convenient to continuously monitor patients’ health parameters. Emerging economies such as India and China will witness favorable growth for medical devices connectivity market over the forecast period due to rising demand for advanced healthcare services in these countries.
Strategic collaborations and acquisitions are the major strategies adopted by the leading companies in medical device connectivity market. For instance, in September 2015, Qualcomm Life Inc. acquired Capsule Technologies, a global leading provider of clinical data management and medical device integration solutions.Likewise, in October 2014, Philips Healthcare collaborated with Eseye, global provider of M2M cellular connectivity, for supplying Multi-IMSI AnyNet connectivity for their telehealth platform, Philips Motiva.

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Medical Device Connectivity Market Segmentation :
By Component :
  • Medical Device Connectivity Services
  • Medical Device Connectivity Solution
By Technology:
  • Wired Technologies
  • Wireless Technologies
  • Hybrid Technologies

Table of content:

1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.5. Reimbursement Scenario
4. Medical Device Connectivity Market, By Component
5. Medical Device Connectivity Market, By Technology
6. Medical Device Connectivity Market, By Region
7. Company Profiles

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