Global Medical Device Connectivity Market, By Product and Service (Solutions and Services), By Component (Wireless Hardware (Wi-Fi Hardware, Wireless Medical Telemetry Hardware, Bluetooth Hardware), Wired Hardware, Software), By Technology (Wired Technologies, Wireless Technologies, Hybrid Technologies), By End User (Hospitals, Home Healthcare, Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100774 | Industries : Healthcare | Published On :March 2024 | Page Count : 16
Global Medical Device Connectivity Market, By Product and Service (Solutions and Services), By Component (Wireless Hardware (Wi-Fi Hardware, Wireless Medical Telemetry Hardware, Bluetooth Hardware), Wired Hardware, Software), By Technology (Wired Technologies, Wireless Technologies, Hybrid Technologies), By End User (Hospitals, Home Healthcare, Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Medical Device Connectivity Market
Global Medical Device Connectivity Market was valued at USD 1.78 billion in 2021 and is expected to reach USD 6.88 billion by 2027, at a CAGR 15.16% from 2022-2027.
Medical device connectivity is the application of artificial intelligence which involves connecting the medical devices providing treatment and being used for servicing the patients to relate to central network. It is used to control the usage administered therapeutics supply continuous remote monitoring.
Market Drivers
Increasing prevalence of novel disease is key driving factor which is expected to boost the global medical device connectivity market growth. Furthermore, rising penetration of EHRs and health information exchange in healthcare organizations will have a positive impact on market growth.
Moreover, growing government support and initiatives as well as increasing focus on care quality and patient safety will propel the market growth during this forecast period 2027. In addition to that, growing consumer inclination towards home healthcare will boost the market growth.
Market Restraints
However, high cost of deployment for small healthcare organizations s the major restraining factor which is expected to obstruct the global medical device connectivity market growth. Also, reluctance of medical professionals to adopt advanced healthcare IT solutions will affect the market growth In future.
Market Segmentation
The Global Medical Device Connectivity Market is segmented into Products & Services such as Solutions, and Services, by component such as Wireless Hardware (Wi-Fi Hardware, Wireless Medical Telemetry Hardware, and Bluetooth Hardware), Wired Hardware, and Software, and by technology such as Wired, Wireless, and Hybrid Technology.
Further, market is segmented into end user such as Hospitals, Home Healthcare, and Others.
Regional Analysis
The Global Medical Device Connectivity Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region dominates the medical device connectivity market because of the growing consolidation amongst the healthcare providers and the extensive implementation of the clinical device connectivity and the strict guidelines by the several government & non-government authorities within the region.
Market Key Players
Various key players are discussed into the Global Medical Device Connectivity Market Report including: GE Healthcare, Qualcomm Inc., Cerner Corporation, Nanthealth, Inc., Koninklijke Philips N.V., Medtronic PLC, Cisco Systems, Inc., Infosys Limited, Digi International Inc., and Lantronix, Inc.
Market Taxonomy
By Products & Services
• Solutions
• Services
By Component
• Wireless Hardware
o Wi-Fi Hardware
o Wireless Medical Telemetry Hardware
o Bluetooth Hardware
• Wired Hardware
• Software
By Technology
• Wired
• Wireless
• Hybrid Technology
By End User
• Hospitals
• Home Healthcare
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Medical Device Connectivity Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Medical Device Connectivity Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Medical Device Connectivity Market, By Products & Services
5.1 Y-o-Y Growth Comparison, By Products & Services
5.2 Global Medical Device Connectivity Market Share Analysis, By Products & Services
5.3 Global Medical Device Connectivity Market Size and Forecast, By Products & Services
5.3.1 Solutions
5.3.2 Services
6 Global Medical Device Connectivity Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Medical Device Connectivity Market Share Analysis, By Component
6.3 Global Medical Device Connectivity Market Size and Forecast, By Component
6.3.1 Wireless Hardware
6.3.1.1 Wi-Fi Hardware
6.3.1.2 Wireless Medical Telemetry Hardware
6.3.1.3. Bluetooth Hardware
6.3.2 Wired Hardware
6.3.3 Software
7 Global Medical Device Connectivity Market, By Technology
7.1 Y-o-Y Growth Comparison, By Technology
7.2 Global Medical Device Connectivity Market Share Analysis, By Technology
7.3 Global Medical Device Connectivity Market Size and Forecast, By Technology
7.3.1 Wired
7.3.2 Wireless
7.3.3 Hybrid Technology
8 Global Medical Device Connectivity Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Medical Device Connectivity Market Share Analysis, By End User
8.3 Global Medical Device Connectivity Market Size and Forecast, By End User
8.3.1 Hospitals
8.3.2 Home Healthcare
8.3.3 Others
9 Global Medical Device Connectivity Market, By Region
9.1 Global Medical Device Connectivity Market Share Analysis, By Region
9.2 Global Medical Device Connectivity Market Share Analysis, By Region
9.3 Global Medical Device Connectivity Market Size and Forecast, By Region
10 North America Medical Device Connectivity Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Medical Device Connectivity Market Share Analysis, By Products & Services
10.3 North America Medical Device Connectivity Market Size and Forecast, By Component
10.4 North America Medical Device Connectivity Market Size and Forecast, By Technology
10.5 North America Medical Device Connectivity Market Size and Forecast, By End User
10.6 North America Medical Device Connectivity Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Medical Device Connectivity Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Medical Device Connectivity Market Share Analysis, By Products & Services
11.3 Europe Medical Device Connectivity Market Size and Forecast, By Component
11.4 Europe Medical Device Connectivity Market Size and Forecast, By Technology
11.5 Europe Medical Device Connectivity Market Size and Forecast, By End User
11.6 Europe Medical Device Connectivity Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Medical Device Connectivity Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Medical Device Connectivity Market Share Analysis, By Products & Services
12.3 Asia Pacific Medical Device Connectivity Market Size and Forecast, By Component
12.4 Asia Pacific Medical Device Connectivity Market Size and Forecast, By Technology
12.5 Asia Pacific Medical Device Connectivity Market Size and Forecast, By End User
12.6 Asia Pacific Medical Device Connectivity Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Medical Device Connectivity Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Medical Device Connectivity Market Share Analysis, By Products & Services
13.3 Latin America Medical Device Connectivity Market Size and Forecast, By Component
13.4 Latin America Medical Device Connectivity Market Size and Forecast, By Technology
13.5 Latin America Medical Device Connectivity Market Size and Forecast, By End User
13.6 Latin America Medical Device Connectivity Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Medical Device Connectivity Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Medical Device Connectivity Market Share Analysis, By Products & Services
14.3 Middle East Medical Device Connectivity Market Size and Forecast, By Component
14.4 Middle East Medical Device Connectivity Market Size and Forecast, By Technology
14.5 Middle East Medical Device Connectivity Market Size and Forecast, By End User
14.6 Middle East Medical Device Connectivity Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 GE Healthcare
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Qualcomm Inc.
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Cerner Corporation
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Nanthealth, Inc.
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Koninklijke Philips N.V
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Medtronic PLC
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Cisco Systems
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Infosys Limited
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Digi International Inc.
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Lantronix, Inc.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies