Global Medical Device Connectivity Market Forecasted $10.54 Bn Growth By 2026, A Report By GENERAL ELECTRIC COMPANY; Cisco; Koninklijke Philips N.V.; iHealth Labs Inc.; Capsule Technologies, Inc.; Baxter; Cerner Corporation & Others

According to the latest report published by Data Bridge Market Research, the Medical Device Connectivity Market is anticipated to grow at a steady pace over the forecast period 2019 – 2026. The report sheds light on the various trends and restraining factors that are expected to shape the growth of the Medical Device Connectivity in the upcoming years. The report ponders over the various parameters that are expected to impact revenue generation, sales, and demand for the Medical Device Connectivity in the various regional markets.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.

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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.

New Medical Device Connectivity Market Developments in 2019

Capsule Technologies, Inc. announced the acquisition of Bernoulli Health in April 2019. This acquisition helps in achieving the market’s demand by maintaining the quality of medical devices while provides health care messaging and orchestration. The company will increase their product portfolio while helps to reach broader medical IOT and clinical support market.

Medical Device Connectivity Market Scenario

According to Data Bridge Market Research, the medical device connectivity market is growing due to the rising penetration of EHRs and health information exchange system in healthcare organization, increasing need to reduce the healthcare cost with a connected healthcare environment, increasing focus on the provision of care quality and patient safety will positively raise the market growth and rising initiatives in healthcare It and integration of medical devices with hospital information system will surge the market growth. Increasing consolidation and growing telehealth and remote patient monitoring will further create new opportunities for the growth of the market.

Now the question is which are the other regions that medical device connectivity market is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific medical device connectivity market and the market leaders targeting China, India and Japan to be their next revenue pockets for 2020.

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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.

Growing focus of market players

The global medical device connectivity market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America market.

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 and Africa)

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