Medical Device Connectivity Market 2020 Future Outlook | Top Players - GENERAL ELECTRIC COMPANY, Cisco, Koninklijke Philips N.V., iHealth Labs Inc., Capsule Technologies, Baxter, Cerner Corporation, Siemens Healthcare

The primary sources employed while generating this Medical Device Connectivity Market report include the industry experts from the industry comprising the management corporation, processing organizations, analytical service suppliers of the industry’s value chain. All primary sources are interviewed to accumulate the data and validate qualitative & quantitative information and conclude future prospects. Secondary research consists of key data about the industry value chain, the complete pool of major players, and application areas. The Medical Device Connectivity Market report assist in market segmentation according to industry latest & upcoming trends to the bottom-most level, topographical markets and key advancement from both market and technology aligned perspectives.

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Market Analysis: Global Medical Device Connectivity Market

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.

Key Market Competitors: Global Medical Device Connectivity Market

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.

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Market Definition: Global Medical Device Connectivity Market

Medical device connectivity is the application of digital technology which involves connecting the medical devices providing treatment and being used for servicing the patients to be connected with a central network, this technology is then used to control the usage, administer therapeutics, supply continuous remote monitoring and accompanying data, etc. The application of this technology results in lower cost of treatment, as well as providing better diagnosis based on the collected patient data.

Segmentation: Global Medical Device Connectivity Market

Medical Device Connectivity Market : By Product & Service

Solutions
Services

Medical Device Connectivity Market : By Components

Wireless Hardware
Wired Hardware
Software

Medical Device Connectivity Market : By Technology

Wired Technologies
Wireless Technologies
Hybrid Technologies

Medical Device Connectivity Market : By End-User

Hospitals
Home Healthcare
Ambulatory Care Centers
Imaging & Diagnostic Centers

Medical Device Connectivity Market : By Geography

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

Key Developments in the Medical Device Connectivity 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.

Medical Device Connectivity 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

Medical Device Connectivity 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

Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Reasons to Purchase this Report :

Current and future of global medical device connectivity market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

Medical Device Connectivity Market analysis report offers strategic & tactical support to clients for making well-informed business decisions. DBMR team provides customization of this market report according to the business needs. Contact sales team, who will assure to get a report that suits the necessities. The report carefully examines the global Medical Device Connectivity Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. Such market report is made available for industries, individuals, and organizations across the globe, and offerings are delivered in the shortest possible turnaround time.

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