Growing Penetration Of Electronic Health Record (EHR) Growth In Medical Device Connectivity Driver: Leading Transformation in the Medical Device Connectivity Market in 2025

What combination of drivers is leading to accelerated growth in the medical device connectivity market?
The rise in the use of electronic health records (EHR) is tipped to significantly influence growth in the medical device connectivity market. An EHR is essentially a digitized variant of a patient's physical health chart, containing real-time, patient-specific data that can be securely accessed by authorized individuals. Medical device connectivity facilitates the flawless exchange of data between medical instruments and EHR systems, thereby integrating patient monitoring data, diagnostic results, and treatment plans in real time. The amalgamation of medical devices with EHRs allows healthcare professionals to have comprehensive patient information on hand, thus improving medical decision-making and patient care coordination. For example, as per a report by The London School of Hygiene & Tropical Medicine (LSHTM), a renowned UK-based research and postgraduate education institution focusing on public and global health, over 1.3 million people chose to opt out of NHS data between May 31 and June 30 in August 2024. This raised the total opt-out percentage from 2.77% to 4.97% of the population in 2021. Hence, the burgeoning adoption of electronic health records (EHR) stimulates the expansion of the medical device connectivity market.

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What is the projected compound annual growth rate (CAGR) of the medical device connectivity market from 2025 to 2034, and what factors influence it?
The market size for medical device connectivity has witnessed an exponential increase in the past few years. It is projected to rise from $3.58 billion in 2024 to $4.54 billion in 2025, reflecting a compound annual growth rate (CAGR) of 27.0%. The significant growth observed in the past can be linked to an increase in chronic diseases, the necessity for efficient healthcare procedures, the increasing need for telehealth services and remote patient monitoring, along with an emphasis on data analytics and predictive insights.

The estimated expansion of the medical device connectivity market is anticipated to be extremely significant in the coming years, expected to reach $11.7 billion in 2029 with a compound annual growth rate (CAGR) of 26.7%. The upswing during this forecast period is likely to be propelled by the growing demand for flawless integration, the escalating digitization in the healthcare sector, the rising aging populace, the amplified adoption of electronic health records, and the increase in healthcare costs. Notable trends for the forecast period encompass IoT-enabled devices, electronic health record (EHR) systems, real-time patient data access, patient involvement, distant diagnostics, and telemonitoring.

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How are the latest trends influencing the growth of the medical device connectivity market?
Prominent firms active in the medical device connectivity market are dedicated to developing superior tech solutions such as LocationAI to improve medical imaging, diagnosis, and treatment planning workflows. LocationAI is a high precision, AI-driven location engine that provides room-level accuracy without impacting the clinical processes with convoluted installation procedures or the demand for hardware installation in patient rooms, features that are common in other systems. For example, in March 2022, Cognosos Inc., a US-based firm specializing in delivering real-time asset visibility solutions, integrated LocationAI into its real-time location system (RTLS) designed for healthcare, dealing with usual drawbacks seen in asset tracking systems. This incorporation boosts location accuracy within hospitals by leveraging machine learning to identify signal patterns linked with various locations, providing accurate tracking of tagged items.

What are the major segments of the medical device connectivity market and their role in driving growth?
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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Which regions are key players in the growth of the medical device connectivity market?
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.

Who are the key firms paving the way for growth in the medical device connectivity market?
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

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

•Market Size Forecast: Examine the medical device connectivity market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical device connectivity market for a structured understanding.
•Key Players Overview: Analyze major players in the medical device connectivity market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical device connectivity market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical device connectivity market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical device connectivity market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical device connectivity market.
•Competitive Landscape: Review strategic developments in the medical device connectivity market, including expansions, agreements, and new product launches.

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