Medical Device Connectivity Market 2020 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2026

Global medical device connectivity market is expected to rise to an estimated value of USD 10.54 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising adoption of remote monitoring capabilities in healthcare services along with increasing the quality of services and safety of patients.

This medical device connectivity report is an established source of information that presents with a telescopic view of the current market trends, situations, opportunities and status. This report helps clients recognize new opportunities and most important customers for their business growth and increased revenue. Moreover, the trends in consumer and supply chain dynamics are also recognized and then accordingly strategies about marketing, promotion and sales are interpreted for an extreme success. The report gives details about the top players and brands that are driving the market. The current market scenario and future prospects of the sector have also been examined in this medical device connectivity report.

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Few of the major competitors currently working in the global medical device connectivity market are GENERAL ELECTRIC COMPANY; Cisco; Koninklijke Philips N.V.; iHealth Labs Inc.; Capsule Technologies, Inc.; Baxter; Cerner Corporation; Bernoulli; Medtronic; Silex Technology, Inc.; McKesson Corporation; NantHealth, Inc.; Infosys Limited; Lantronix, Inc.; Spectrum Medical; Digi International Inc.; Siemens Healthcare GmbH; eDevice and Drägerwerk AG & Co. KGaA.

Key Developments in the Market:

In February 2019, Francisco Partners announced that they had acquired Qualcomm’s business operation branded as “Qualcomm Life”. The acquired operations deal in providing end-to-end medical device connectivity across the different stages of healthcare services. The business operations will be divided into two organizations namely, “Capsule Technologies, Inc.” and “2net”. Capsule will provide connectivity capabilities of medical devices to hospitals while 2net will focus on providing a mobile platform for medical services.
In January 2019, Baxter announced that they had acquired True Process. This acquisition includes “True Process’” “Vines” software platform which has been created to collect the patient data from devices connected at the bedside and normalization of these devices. This acquisition will help in greater innovations and provision of specific care healthcare services for individual patients.
Competitive Analysis: Global Medical Device Connectivity Market
Global medical device connectivity market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical device connectivity market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Table of Contents

1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography

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Market Drivers

High rates of infiltration of digital services such as EHR’s and patient data in healthcare organizations; this factor is expected to drive the growth of the market
Rising levels of policies adoption resulting in better healthcare IT services; this factor is expected to drive the growth of the market
Connectivity of medical devices and services being provided to patients in healthcare settings provide lower costs and helps provide better analysis of patient data; this factor is expected to drive the growth of the market

Market Restraints

Large costs associated with the integration of these services in case of small-scale healthcare organizations; this factor is expected to restrain the growth of the market
Unwillingness in preference and adoption of digital healthcare IT services; this factor is expected to restrain the growth of the market

Segmentation: Global Medical Device Connectivity Market

By Product & Service

Solutions
Integration Solution
Telemetry Systems
Connectivity Hubs
Interface Devices
Services
Support & Maintenance Services
Implementation & Integration Services
Training Services

By Components

Wireless Hardware
Wi-Fi
Web Map Tile Service (WMTS)
Bluetooth
Wired Hardware
Software

By Technology

Wired Technologies
Wireless Technologies
Hybrid Technologies

By End-User

Hospitals
Home Healthcare
Ambulatory Care Centers
Imaging & Diagnostic Centers

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

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