Medical Device Connectivity Market Segmentation and Growth Opportunities through 2024-2031 | Capsule Technologies, Inc., Koninklijke Philips N.V., GE HealthCare, Oracle

The Medical Device Connectivity Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Medical Device Connectivity market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Medical Device Connectivity Market reached US$ 2.6 billion in 2023 and is expected to reach US$ 12 billion by 2031, growing at a CAGR of 21%% during the forecast period 2024-2031.

Medical device connectivity refers to the ability of medical devices to connect and communicate with other devices, systems, or networks to exchange data and improve patient care. This connectivity allows for real-time monitoring, remote diagnostics, and integrated healthcare management by enabling devices such as patient monitors, infusion pumps, ventilators, and diagnostic tools to share data with electronic health records (EHR) systems, cloud platforms, or other medical devices. The seamless exchange of information improves clinical decision-making, enhances patient safety, and facilitates more efficient healthcare workflows. Medical device connectivity also plays a key role in telemedicine, enabling healthcare providers to monitor patients remotely.

Key Developments:

❁ In March 2024, Butterfly Network unveiled its third-generation digital ultrasound, the iQ3, marking a major leap forward in medical imaging technology.

In December 2023, Lifespan launched its Therapeutic Drug Monitoring software for anti-infectives, enabling laboratories to measure antibiotic levels in patients' blood using a specialized algorithm.

In August 2023, Masimo introduced the Stork smart home baby monitoring system in the US. Available in various configurations, the system includes components such as Stork Vitals+ and Vitals. Stork Vitals+ features a video camera, a sensor-equipped boot, and a mobile app. The high-resolution camera provides enhanced nighttime vision and quality two-way audio, allowing parents to hear and communicate with their babies.

List of the Key Players in the Medical Device Connectivity Market:

Capsule Technologies, Inc., Koninklijke Philips N.V., GE HealthCare, Oracle, Cisco Systmes Inc., iHealth Labs Inc., NantHealth, Inc., LANTRONIX, INC, Infosys Limited, and Masimo

Research Process:

Both primary and secondary data sources have been used in the global Medical Device Connectivity Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Medical Device Connectivity Market:

By Product & Service: Medical Device Connectivity Solutions, Medical Device Connectivity Services

By Technology: Wired Technologies, Wireless Technologies, Hybrid Technologies

By Application: Vital Signs and Patient Monitors, Anesthesia Machines and Ventilators, Infusion Pumps, Others

By End-User: Hospitals, Ambulatory Surgical Units, Diagnostic & Imaging Centers, Others

Regional Breakout:

The global Medical Device Connectivity Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Medical Device Connectivity manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Medical Device Connectivity in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Medical Device Connectivity market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Medical Device Connectivity market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Medical Device Connectivity market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Medical Device Connectivity market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Medical Device Connectivity market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Medical Device Connectivity market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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