Growing Penetration Of Electronic Health Record (EHR) Growth In Medical Device Connectivity: A Key Factor Shaping the Future of the Medical Device Connectivity Market in 2025

What Are the Projections for the Size and Growth Rate of the Medical Device Connectivity Market?
The medical device connectivity market has been growing exponentially. It will grow from $3.58 billion in 2024 to $4.54 billion in 2025, at a CAGR of 27.0%. This rapid expansion is due to the rise in chronic diseases, demand for streamlined healthcare operations, increasing telehealth services, growing need for remote patient monitoring, and a focus on data analytics and predictive insights.

The medical device connectivity market is expected to grow to $11.7 billion by 2029 at a CAGR of 26.7%. This is attributed to the increasing need for seamless integration, digitization in healthcare, and the aging population. Trends include IoT-enabled devices, EHR systems, real-time patient data, remote diagnostics, and telemonitoring.

What Are the Main Catalysts for Growth in the Medical Device Connectivity Market?
The growing penetration of electronic health records (EHRs) is expected to propel the growth of the medical device connectivity market. EHRs enable healthcare providers to access patient data in real-time, improving decision-making and care coordination. As more healthcare facilities adopt EHRs, the need for seamless integration between medical devices and EHR systems will drive growth in the medical device connectivity market.

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Which Businesses Are at the Forefront of Medical Device Connectivity Market Development?
Major companies operating in the medical device connectivity market are Amazon Web Services Inc., Google LLC, Microsoft Corporation, Siemens AG, Cisco Systems Inc., Qualcomm Technologies Inc., Abbott Laboratories, Oracle Corporation, Honeywell International Inc., Medtronic PLC, Thales Group, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Infosys Limited, TE Connectivity Ltd., Baxter International Inc., Wipro Limited, Drägerwerk AG & Co. KGaA, Masimo Corporation, OSI Systems, Inc., Digi International Inc., Ascom Holding AG, Lantronix Inc., NantHealth Inc., Spectrum Medical Ltd., Silex Technology Inc., iHealth Labs Inc., Iatric Systems Inc., LifeOmic Holdings LLC

What Are the Emerging Trends in the Medical Device Connectivity Industry?
Companies in the medical device connectivity market are advancing solutions like LocationAI to improve medical imaging, diagnosis, and treatment planning. LocationAI is a machine learning-powered location engine offering room-level accuracy without disturbing clinical workflows. For example, in March 2022, Cognosos Inc., a US-based provider of asset visibility solutions, introduced LocationAI in its real-time location system (RTLS) for healthcare, addressing common pitfalls in asset tracking. The system enhances location accuracy by using machine learning to recognize signal patterns and track items accurately.

How Is the Medical Device Connectivity Market Segmented?
The medical device connectivity market covered in this report is segmented -

1) By Component: Hardware, Services, Software
2) By Technology: Wired Technologies, Wireless Technologies, Hybrid Technologies
3) By Application: Vital Sign Monitoring Systems, Cardiology Devices, ICU Systems, Oncology Systems, Home Healthcare Devices, Other Applications
4) By End-Use Vertical: Hospitals And Clinics, Diagnostic Centers, Healthcare Research Centers, Other End Users

Subsegments:
1) By Hardware: Medical Device Gateways, Connectivity Modules, Sensors And Actuators, Network Infrastructure (Routers, Switches)
2) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Managed Services
3) By Software: Device Connectivity Software, Cloud-Based Platforms, Data Analytics And Management Software, Security And Authentication Software

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Where Is the Medical Device Connectivity Market Growth Most Prominent?
North America was the largest region in the medical device connectivity market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device connectivity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Medical Device Connectivity Global Market Report?

- Market Size Analysis: Analyze the Medical Device Connectivity Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Device Connectivity Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Device Connectivity Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Device Connectivity Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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