Growing Penetration Of Electronic Health Record (EHR) Growth In Medical Device Connectivity: Key Factor Driving The Growth In The Medical Device Connectivity Market

The Medical Device Connectivity Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Medical Device Connectivity Market Size During the Forecast Period?
In recent times, the medical device connectivity market has experienced substantial exponential growth. The market is predicted to surge from $3.58 billion in 2024 to $4.54 billion in 2025, at a substantial compound annual growth rate (CAGR) of 27.0%. The historical growth period saw a rise due to increasing chronic illnesses, need for more efficient healthcare procedures, escalating demand for telehealth facilities, mounting requirement for remote patient tracking, and emphasis on data analysis and predictive intelligence.

The market for medical device connectivity is expected to experience a significant surge in the coming years, with an estimated size of $11.7 billion in 2029 and a compound annual growth rate (CAGR) of 26.7%. The growth during the projected period can be traced back to surging demands for seamless integration, the expansion of digital healthcare, a rise in the elderly population, an increase in the usage of electronic health records, and a surge in healthcare expenses. Key trends during the forecast period are expected to include IoT-enabled devices, electronic health records (EHR) systems, real-time patient data, patient engagement, remote diagnostics, and telemonitoring.

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What Are the High-Growth Segments in the Medical Device Connectivity Market?
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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What Key Drivers Are Expected to Influence Future Medical Device Connectivity Market Growth?
The expansion of the medical device connectivity market is anticipated to be driven by the increasing use of electronic health records (EHRs). EHRs are digitized versions of a patient's traditional paper chart, offering real-time, patient-focused information securely accessible to authorized individuals. Medical device connectivity solutions promote effective data transfer between medical equipment and EHR systems, allowing immediate integration of patient monitoring data, diagnosis outcomes, and treatment details. EHR integration with medical devices equips healthcare professionals with comprehensive patient data at the point of care, improving clinical decision-making and care coordination processes. For example, The London School of Hygiene & Tropical Medicine (LSHTM), a leading UK-based center for public and global health research and postgraduate education, reported in August 2024 that over 1.3 million individuals opted out of NHS data between May 31 and June 30, which raised the total opt-out percentage from 2.77% to 4.97% in 2021. As such, the adoption of electronic health records (EHR) contributes significantly to the growth of the medical device connectivity market.

Which Companies Hold the Largest Share Across Different Medical Device Connectivity Market Segments?
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 Trends Are Driving Growth in The Medical Device Connectivity Market?
Leading firms in the medical device connectivity industry are concentrating on creating state-of-the-art technological tools such as LocationAI, improving medical imaging, diagnosing, and treatment planning. LocationAI is an extremely precise location engine powered by machine learning, which can achieve room-level accuracy without interfering with clinical workflows or the necessity of setting up hardware in patient rooms, as is common with other systems. For example, in March 2022, Cognosos Inc., a US-based company focused on providing real-time asset visibility solutions, incorporated LocationAI into its real-time location system (RTLS) for healthcare, addressing frequent shortcomings in asset tracking systems. This inclusion elevates location accuracy within hospitals by using machine learning to identify signal patterns tied to different locations, ensuring meticulous tracking of tagged items.

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What Are the Emerging Geographies for The Medical Device Connectivity Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Device Connectivity Market?
2. What is the CAGR expected in the Medical Device Connectivity Market?
3. What Are the Key Innovations Transforming the Medical Device Connectivity Industry?
4. Which Region Is Leading the Medical Device Connectivity Market?

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