Medical Device Connectivity Market to Grow at a CAGR of 21.8% during 2022-2030 - Business Market Insights

The market crossed US$ 2018.31 million mark in 2022 and is expected to hit US$ 9,748.81 million by 2030, recording a CAGR of 21.8% during the forecast period.

Since decades medical errors have been repeatable, and healthcare providers need to access data more quickly, with the removal of manual documentation intended for patient care. Medical device connectivity (MDC) is a proven technology for saving nursing time, positively impacting the accuracy and timeliness of documentation with improving overall patient safety and care. Additionally, the implementation of MDC assists in sending data from all devices connected to a patient directly through information systems. Further, capital costs, maintenance costs, and uncertain returns on investment are the top barriers in hospitals. However, a neutral medical device connectivity solution addresses such concerns as it eliminates the need to replace existing medical devices with models compatible with a specific device manufacturer or newly installed EMR.

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Top competitive players in the global medical device connectivity market accelerate the adoption of such devices to their full potential during the analysis period of 2022-2028. Companies such as Stryker and Cerner (Oracle) continuously involve innovative product launches in medical device connectivity to enhance the global Medical Device Connectivity market growth. For instance, Stryker's "iSuite EHR connectivity" is powered by DataMediatOR.

The iSuite EHR connectivity software acts as a central integration point between the electronic medical record (EMR), DICOM destinations, the iSuite media management system and surgical digital capture devices such as SDC3. Additionally, Cerner's device connectivity solutions encourage interoperability between medical devices, healthcare applications, and EHR, enabling clinicians to streamline workflows and focus more on patients.

Major key players covered in this Medical Device Connectivity Market report:

• Oracle (Cerner)
• Medtronic
• Koninklijke Philips N.V.
• GE Healthcare
• Cisco Systems, Inc.
• TE Connectivity
• Drägerwerk AG & Co. KGaA
• OSI Systems, Inc.
• LANTRONIX, INC.
• Stryker

Product:
• Medical Device Integration Solutions
• Interface Devices
• Telemetry Systems
• Connectivity Hubs

Services:
• Implementation & Integration Services
• Support & Maintenance Services
• Training Services
• Consulting Services

Technology:
• Wired Technology
• Wireless Technology
• Hybrid Technology

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Medical Device Connectivity Market:
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of Medical Device Connectivity Market
• Medical Device Connectivity Market Overview
• Medical Device Connectivity Market Competition
• Medical Device Connectivity Market, Revenue and Price Trend
• Medical Device Connectivity Market Analysis by Application
• Company Profiles and Key Figures in Medical Device Connectivity Market
• Market Dynamics
• Methodology and Data Source

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Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape Medical Device Connectivity market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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