Global +30.1% CAGR of Medical Device Connectivity Market SWOT Analysis and Research Forecast 2018: Cerner, Philips, Digi International, McKesson Corporation, Cisco Systems

Global Medical Device Connectivity Market 2018 Industry report gives a brief summary of definitions, applications, types and leading key players/manufacturers of Medical Device Connectivity industry. It provides complete, professional, and extensive analysis of Innovation Management market. key trends, market drivers, standardization, deployment models, challenges, opportunities, circumstances and business competition design is also discussed in the report.

Request a Free Sample Pages Report @: http://databridgemarketresearch.com/request-a-sample/?dbmr=global-medical-device-connectivity-market

Global Medical Device Connectivity Market has accounted for USD 5.7 billion in 2016 and is expected to reach USD 46.4 billion by 2024, growing at a CAGR of 30.1% in the forecasted period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Overview:

The market is segmented on the basis of type application, end user and geography.

• Based on end-user the medical device connectivity market is segmented into EP ablation catheters, EP diagnostic catheters, EP laboratory devices and access devices.

• On the basis of application the market is segmented into electronic medical record (EMR), patient monitoring and others.

• Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.

Request for TOC Here: http://databridgemarketresearch.com/toc/?dbmr=global-medical-device-connectivity-market

Some of the major players in this market are

• Cerner Corporation,
• Koninklijke Philips N.V.,
• Digi International Inc.,
• McKesson Corporation,
• Cisco Systems Inc.,
• Medtronic, Inc.,
• Siemens Healthcare GmbH,
• Honeywell HomeMed LLC,
• Drägerwerk AG & Co. KGaA,
• eDevice Inc.,
• Qualcomm Inc.,
• Lantronix Inc.,
• GE Healthcare Ltd.,
• Silex Technology America, Inc.,
• NantHealth,
• Spectrum Medical and,
• True Process, Inc.
• among others.

Global Medical Device Connectivity Market

For healthcare providers Electronic Health Records (EHRs) and integration of medical data with hospital information systems (HIS) have become critical requirements. It is the need of hospitals and small practices that manufacturers should ensure interoperability through product design, or by providing substitute connectivity solutions along with their products. There are numerous medical device connectivity solutions that provide continuous data flow among devices and information systems by transforming, acquiring and uploading device data in standard formats. Solutions that ensure data integration through many ways are elaborated here one by one, it helps to support for clinical and personal medical devices with HIS, it helps to secure access to patient data with HIPAA compliance, it is used for wired and wireless connectivity with computers and mobile devices supporting communication over Wi-Fi, Bluetooth, ZigBee, USB, Ethernet, RS232, and web interfaces and it used for Integrating Healthcare Enterprise (IHE) and IEEE11073 (Continua-compliant) standards. On the other side the medical device connectivity also supports to Plug-in architecture for report generation, Device manager plug-ins for legacy devices, Alarm management and analytics modules for extensibility, Support for health level seven (HL7), digital imaging, and communication in medicine (DICOM), Standard communication protocol for computer-assisted electrocardiography (SCF-ECG) and for the software development kits for EMR integration.

Any Specific Requirements? Questions? Ask to Our Industry Expert @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-medical-device-connectivity-market

For exploring the problem of Networking, an integration of medical products into existing data and communication networks the medical device networking, connectivity and interoperability are very essential for the healthcare organizations now a days. It is also known as device connectivity or biomedical device integration, these processes ensures the establishment and maintenance of a connection through which data is transferred between a medical device, such as a patient monitor, and an information system, i.e. the patient’s Electronic Health Record. Medtech manufacturers are obligatory to develop an approach for integrating medical device data with CIS (Clinical Information Systems). It goes from establishing the framework for medical documentation connectivity to developing product features and design, the procedure is usually complex, nonetheless necessary in order to align the manufacturing processes with the current market trends and clinical needs.

The growing market is owes to new regulations such as meaningful use requirements, the implementation of accountable care organizations (ACO’s) and some other recent changes in the federal healthcare regulations such as Medicare and Medicaid incentive and penalty plans are driving change in this market. One of such change is meaningful requirement for documenting blood pressure in EMR will increase from 50.0% to 80.0% on all patients. Also the need to accurately store and analyze data for improved healthcare quality is affectively driving the growth of this market. Also now Healthcare Delivery Organization (HDO) resources needs to preserve modified interfaces and maintain manual data feeds from devices. Some other drivers in this market is remote patient monitoring, transition of point of care devices from hospitals to home healthcare and the growth of telehealth and telemedicine market among others.

Medical device connectivity enables the mechanization and simplification of the workflow, it enhance the value of the EMR and its adoption for the clinical staff. Device connectivity is also responsible for the vigorous signs data to be automatically sent from biomedical devices straight to the nursing documentation system. It offers the facility to the clinicians and gives them a chance to focus more on direct easygoing care by quickly authenticating the vital signs data in the EMR and submitting them to the patient’s record. Now with this there is no need for manual data entry, hence lower risks of human error that take the burden off the clinician and progresses for the overall patient care and safety. In the hospitals each department has different types of devices, and rarely does an entire hospital run the same brand device

According to the definition by HIMSS (Healthcare Information and Management Systems), in healthcare, interoperability is the ability of different information technology systems and software applications to communicate, exchange data, and use the information that has been exchanged. The data interchange scheme and ideals permit data to be shared across clinicians, lab, hospital, pharmacy, and patient regardless of the application or application vendor. The Internet of things (IOT) technology states to connect all objects by means of the information sensing devices to the Internet for information exchange, which is replacing of physical objects, in order to attain intelligent documentation and management. IOT technology is also engaged in the identification and managing medical devices and medical device connectivity.

Read more about the report: http://databridgemarketresearch.com/reports/global-medical-device-connectivity-market/

About Us:

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact us:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

This release was published on openPR.