With 9.70% CAGR, Global Medical Device Interoperability Market Size to Surpass USD 41029.7 billion by 2028 - Comprehensive Research Report by Facts & Factors

According to Facts and Factors, the global medical device interoperability market size was worth around USD 23542.8 billion in 2021 and is estimated to grow to about USD 41029.7 billion by 2028, with a compound annual growth rate (CAGR) of approximately 9.70% over forecast period. The report analyzes the Medical Device Interoperability market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Medical Device Interoperability market.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/medical-device-interoperability-market

Key players functioning in the global Medical Device Interoperability market include

Immucor, Inc.
Ortho Clinical Diagnostics;
F. Hoffmann-La Roche AG
Quotient Limited
Abbott
Bio-Rad Laboratories
BAG Healthcare GmbH
DiaSorin S.P.A.
Danaher; and BIO KIT (Werfen).

Medical device interoperability is cost-effective and can replace paper paperwork with digital information that is easy to log in, view, and preserve. Medical device interoperability allows components to interact with one another while also monitoring medical data via connectivity to a healthcare system database. Furthermore, interoperability will improve safety, save treatment costs, and provide quicker care. All of these advantageous aspects of interoperability will drive the growth of the medical device interoperability industry over the forecast period. Rapid usage of electronic health records and other healthcare IT solutions has resulted in the growth of the medical device interoperability market. Owing to the rise in demand for Medical Device Interoperability, the global Medical Device Interoperability market is estimated to grow at a CAGR of 9.70% during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.fnfresearch.com/sample/medical-device-interoperability-market

The usage of cloud technology in connection with healthcare services is one of the key reasons propelling the market for medical device interoperability solutions. The volume of electronic health record data is growing quickly, making it challenging to keep it in bulk on local storage devices for fear of losing crucial information. Government programs to improve patient care and safety, government support for medical device interoperability, and the quick uptake of EHR & other healthcare IT solutions are all factors driving growth in this industry. However, constraints like a lack of true interoperability solutions, a lack of standards, and the use of antiquated legacy systems are limiting the market's growth.

Segmental Overview

The Global Medical Device Interoperability Market is segregated based on device industry participants, end-user, applications, and region.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/medical-device-interoperability-market

Based on device type, the market is divided into Monitoring Devices, Surgical Devices, Imaging Devices & Information Systems, Diagnostic Devices, and Therapeutic Devices. Among these, the monitoring devices segment is expected to grow at a significant rate in 2021.

Based on industry participants, the market is divided into Clinical IT System Vendors, Healthcare System Integrators, Vendor-Agnostic Connectivity Vendors, and Medical Device OEMs. Over the forecast period, the Healthcare System Integrators segment is expected to develop at the fastest rate in 2021.

Based on end-user, the market is classified into Hospitals, Ambulatory care, Clinics & Imaging Centres. The hospital's segment dominates the market in 2021. Based on application, the market is segmented into Acute Care Settings, Patient Data Repositories, and Remote Patient Monitoring. The Acute Care Settings segment is expected to dominate over the forecast period in 2021.

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/medical-device-interoperability-market

Recent developments:

In January 2021, Koninklijke Philips (the Netherlands) agreed to buy Capsule Technologies, Inc. (the United States) in order to change care delivery across the health continuum with integrated solutions.
In February 2019, Veradigm (US) joined forces with NextGen Healthcare, Inc. (US) to boost connection and data sharing with payers and laboratories.
The Global Medical Device Interoperability market is segmented as follows:

By Device Type

Monitoring Devices
Surgical Devices
Imaging Devices & Information Systems
Diagnostic Devices
Therapeutic Devices

By Industry Participants

Clinical IT System Vendors
Healthcare System Integrators
Vendor-Agnostic Connectivity Vendors
Medical Device OEMs

By End-User

Hospitals
Ambulatory Cares
Clinics & Imaging Centres

By Application

Acute Care Settings
Patient Data Repositories
Remote Patient Monitoring

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/medical-device-interoperability-market

By Region

North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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