Medical Device Connectivity Market Status, Growth, Trends and Outlook - 2028 |Cerner Corporation, Medtronic plc, Masimo, Koninklijke Philips N.V

"The global medical device connectivity market is expected to grow at 24 % CAGR from 2019 to 2028. It is expected to reach above USD 7.66 billion by 2028 from USD 1.11 billion in 2019."

The medical device connectivity industry is set to experience significant growth in the future due to advancements in technology, such as the Internet of Things (IoT) and cloud connectivity. This will enable real-time data sharing and improved patient health insights. Artificial intelligence and machine learning will enable predictive models for better care and more accurate diagnosis. Blockchain technology will enhance data exchange security, creating new opportunities for improved patient care, preventative care, and remote monitoring.

►Fastest Growing Market ⇨Europe

►Largest Market ⇨ North America

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►Growth Drivers

The global medical device connectivity market is expected to grow due to the increasing prevalence of cancer, which necessitates constant patient monitoring. In 2021, 1.9 million new cancer cases were diagnosed in the U.S., with 281,550 being breast cancer. Key market players, such as Honeywell International Inc., are launching new products to drive market growth. Honeywell's real-time health monitoring system uses advanced sensing technology to capture and record patients' vital signs, connecting the data to healthcare providers on mobile devices and an online dashboard. This trend is expected to drive market growth in the medical device connectivity market.

►Restraints & Challenges:

High cost associated with medical device connectivity setup.

►Who are the major players in this industry?

Cerner Corporation, Medtronic plc, Masimo, Koninklijke Philips N.V., GE Healthcare, Stryker Corporation, iHealth Labs Inc., Cisco Systems, Lantronix Inc., Infosys, and others.

►Recent Developments in Medical Device Connectivity Market

Recent developments in Medical Device Connectivity industry, even after market report release, support market trends outlined in analysis.

⇨In January 2023, Senet, a provider of cloud-based software and services platforms for healthcare organizations, and Telli Health, a medical remote patient monitoring devices manufacturer, jointly announced that they have launched the first remote patient monitoring (RPM) hardware powered by LoRaWAN. This device will connect remote patients with their caregivers or physicians.

⇨July 2022: Abbott announced that it received United States Food and Drug Administration breakthrough device designation for its deep brain stimulation (DBS) system.

⇨March 2022: Cognosos, Inc., a leading Real-Time Location Services (RTLS) provider, launched LocationAI, a highly accurate, machine learning-powered location engine, into its asset-tracking platform for hospitals and healthcare facilities.

►What exactly does market segmentation cover?

Global Medical Device Connectivity Market by Products & Services, (In USD Million)

» Medical Device Connectivity Solutions

» Medical Device Integration Solutions

» Interface Devices

» Telemetry Systems

» Connectivity Hubs

Global Medical Device Connectivity Market by Technology, (In USD Million)

» Wired Technologies

» Wireless Technologies

» Hybrid Technologies

Global Medical Device Connectivity Market by Application, (In USD Million)

» Vital Signs & Patient Monitors

» Anesthesia Machines & Ventilators

» Infusion Pumps

» Other Applications Connected Devices

Global Medical Device Connectivity Market by End User, (In USD Million)

» Hospitals

» Home Care Centers

» Diagnostic & Imaging Centers

» Ambulatory Care Centers

►Regional Analysis of the Medical Device Connectivity Market

The market development, current market trends, and some research methodologies are all covered in the Medical Device Connectivity Industry research report. It draws attention to crucial aspects like product portfolios, software architectures, and production strategies that have a direct impact on the market. Our research shows that even minor changes to a product's qualities can have a big impact on the previously mentioned criteria.

►Key Geographical Regions

North America (US, Canada)
Europe (Germany, UK, France, Italy, Spain)
Asia-Pacific (China, Australia, Japan)
Middle East and North Africa
Latin America       
      
►Table of Content:

1 Study Reporting
1.1 Medical Device Connectivity Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Medical Device Connectivity Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Medical Device Connectivity Market Size
2.1.1 Global Medical Device Connectivity Revenue
2.1.2 Global Medical Device Connectivity Production
2.2 Medical Device Connectivity Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Medical Device Connectivity Manufacturers
2.3.2.1 Medical Device Connectivity Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Medical Device Connectivity Product Offered
2.3.2.3 Date of Manufacturers Enter into Medical Device Connectivity Market
2.4 Key Trends for Medical Device Connectivity Markets & Products

3 Market Size by Manufacturers
3.1 Medical Device Connectivity Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Medical Device Connectivity Production by Regions

4.1 Global Medical Device Connectivity Production by Regions
4.1.1 Global Medical Device Connectivity Production Market Share by Regions
4.1.2 Global Medical Device Connectivity Revenue Market Share by Regions
4.2 United States
4.2.1 United States Medical Device Connectivity Production
4.2.2 United States Medical Device Connectivity Revenue
4.2.3 Key Players in United States
4.2.4 United States Medical Device Connectivity Import & Export
4.3 Europe
4.3.1 Europe Medical Device Connectivity Production
4.3.2 Europe Medical Device Connectivity Revenue

5 Medical Device Connectivity Consumption by Regions

5.1 Global Medical Device Connectivity Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Medical Device Connectivity Breakdown Dada by Application
7.2.1 Global Medical Device Connectivity Consumption by Application
7.2.2 Global Medical Device Connectivity Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Medical Device Connectivity Production and Revenue Forecast
9.1.1 Global Medical Device Connectivity Production Forecast
9.1.2 Global Medical Device Connectivity Revenue Forecast
9.2 Medical Device Connectivity Production and Revenue Forecast by Regions
9.2.1 Global Medical Device Connectivity Revenue Forecast by Regions
9.2.2 Global Medical Device Connectivity Production Forecast by Regions
9.3 Medical Device Connectivity Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Medical Device Connectivity Production Forecast by Type
9.4.2 Global Medical Device Connectivity Revenue Forecast by Type

10 Consumption Forecast
10.1 Medical Device Connectivity Consumption Forecast by Application
10.2 Medical Device Connectivity Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Medical Device Connectivity Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Medical Device Connectivity Consumption Forecast by Regions
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Medical Device Connectivity Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Medical Device Connectivity Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Medical Device Connectivity Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Medical Device Connectivity Sales Channels
11.2.2 Medical Device Connectivity Distributors
11.3 Medical Device Connectivity Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Medical Device Connectivity Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

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►Research Methodology

The report is based on data analysis strategies by skilled data analysts. The research methodology involves collecting and analyzing information to provide significant market predictions. Interviews with market influencers make primary research relevant and practical. The secondary method provides a direct insight into demand and supply. Both primary and secondary data collection methods are used, along with publicly available sources like annual reports and white papers, to provide a comprehensive understanding of the market. The report offers precise data analysis and a comprehensive market tour.

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