Impact Of Covid-19 On The Global Medical Device Connectivity Market 2020-2026|Capsule Technologies, Inc.; Baxter; Cerner Corporation; Bernoulli; Medtronic; Silex Technology, Inc.; McKesson Corporation; NantHealth, Inc.; Infosys Limited

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 market report comprises of all-embracing study about different market segments and regions, emerging trends along with major drivers, challenges and opportunities in the market. The report lends a hand in figuring out brand awareness, market landscape, possible future issues, industry trends and customer behaviour which ultimately leads to refined business strategies. Competitive analysis is an important aspect of the market research report which makes businesses aware about competitor actions such as the new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. Analysis and discussion of important industry trends, market size, sales volume, and market share are also estimated in the 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.

FACTORS DRIVING GROWTH IN THE GLOBAL MEDICAL DEVICE CONNECTIVITY MARKET

Increasing Penetration of EHRs & Health Information Exchange Systems in Healthcare Organizations:

Construction of a healthcare information technology for safe usage is common duty between key stakeholders that includes vendors, healthcare organizations, care providers, health-IT departments, and public and private agencies. Use of electronic health records (EHRs) involves all these stakeholders, and they often have conflicting priorities and requirements. The concept of shared responsibility has gained little traction and EHR developers and users continue to attribute the substantial, long list of problems to each other. Presently the hospitals have basically established the HIS system that is highly increasing the global medical device connectivity market is very important factor in the growth of the market.

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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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