Astonishing Growth of Medical Device Connectivity Market - Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Medical Device Connectivity Market is projected to grow up to 25.3% CAGR during the forecasting period 2021-2027. The Medical Devices Connectivity (MDC) solution is a software-based, vendor-neutral solution that wirelessly collects and integrates vital signs data provided by various medical devices. Furthermore, these devices provide physicians with the on access to the most up-to-date data, eliminating errors and omissions in patient diagnostic data. Doctors will be able to spend more time at the bedside as a result, which will help healthcare. Medical device connectivity is the integration of medical devices with information systems that automates the workflow around the medical device. It's a technique that lets data to flow freely between devices and information systems.

Data can be acquired, converted, transferred, and uploaded in a device using standard formats. Via wired or wireless connections, medical device communication ensures data synchronization with a computer and mobile devices. The MDC helps to minimize healthcare workers time spent manually capturing and entering readings into the EMR system by automatically moving data from tracking devices to the EMR system. This boosts users' productivity and workflows, as well as the quality and timeliness of patient data in the EMR.

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Key Driving Factors: Increasing adoption of medical device connectivity:

Hospitals are increasingly focused on delivering quality healthcare with less manual data entry and quicker and more frequent data updates, resulting in an increase in medical device connectivity adoption. Furthermore, the growing emphasis on care quality and patient safety, in order to provide better healthcare facilities, contributes to the market's growth. Furthermore, over the forecast period, growing healthcare IT initiatives would provide opportunities for the global medical device connectivity market.

This report offers the major market player’s profiles, such as GE Healthcare, Qualcomm Inc., Cerner Corporation, Nanthealth, Inc., Koninklijke Philips N.V., Medtronic PLC, Cisco Systems, Inc., Infosys Limited, Digi International Inc., Lantronix, Inc., Bernoulli Enterprise, Inc

Opportunities: Demand for wireless technology in the future:

In the coming years, the wireless technologies segment will account for the largest share of the medical device connectivity market. Wireless innovations improve the quality of healthcare by allowing physicians to receive real-time feedback on their patients, allowing for quicker treatment. These innovations also allow for shorter hospital stays and lower healthcare costs by allowing for remote patient monitoring without compromising treatment quality. The growth of the wired technologies segment is aided by these advantages.

By technology:
The medical device communication market is divided into three categories based on component type: wireless, wired, and hybrid technologies. Wireless systems are projected to have the largest market share over the forecast period because they provide high-quality patient care. Physicians and nurses can track a patient's wellbeing 24 hours a day, 7 days a week and receive real-time alerts, allowing for quicker treatment. Furthermore, factors such as reducing hospital stay length and using remote patient monitoring to ensure patient care and safety are propelling the segment forward. The wired and hybrid technologies segments are expected to expand at a rapid pace.

The Medical Device Connectivity Market report has been categorized as below

By Product & Service
Medical Device Connectivity Solutions
Medical Device Integration
Interface Devices
Connectivity Hubs
Telemetry Systems
Medical Device Connectivity Services
Support and Maintenance
Implementation and Integration
Training
Consulting

By Technology
Wired Technologies
Wireless Technologies
Hybrid Technologies

By End User
Hospitals
Home Healthcare Centers
Diagnostic and Imaging Centers
Ambulatory Care Centers

By Region
North America
Europe
Asia Pacific
Rest of World

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