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

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Medical Device Connectivity Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the medical device connectivity market has experienced significant expansion. The market value is expected to increase from $3.58 billion in 2024 to $4.54 billion in 2025, projecting a compound annual growth rate (CAGR) of 27.0%. The accelerated growth during the historical phase has been fueled by several factors including increasing prevalence of chronic conditions, the necessity for more efficient healthcare procedures, escalating demand for telemedicine services, and growing interest in remote patient monitoring. Additionally, an increased focus on data analytics and predictive insights also contribute to this upward trend.

Medical Device Connectivity Market Size Forecast: What's the Projected Valuation by 2029?
The market for medical device connectivity is projected to witness a tremendous surge in its scale over the upcoming years. An impressive compound annual growth rate (CAGR) of 26.7% is anticipated to take the market size to $11.7 billion by 2029. This significant growth in the forecast period is due to the rise in the need for flawless integration, the escalating digitization in the healthcare sector, the growth of an aging populace, an increased migration towards electronic health records, and a surge in healthcare expenses. Some key trends for the projection period would incorporate IoT-enabled gadgets, systems for electronic health records (EHR), real-time patient data compilation, patient engagement tactics, remote diagnosis methods, and telemonitoring.

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What Are the Drivers Transforming the Medical Device Connectivity Market?
The increasing uptake of electronic health records is anticipated to drive the expansion of the medical device connectivity market in the future. Electronic health records (EHR) are the digital equivalent of a patient's physical medical history, providing real-time, patient-focused data, accessible to permitted users. The ability of medical device connectivity solutions to efficiently transfer data between medical machinery and EHR systems enables the punctual incorporation of patient monitoring data, diagnostic results, and treatment data. By bridging medical devices with EHRs, healthcare professionals can gain access to inclusive patient data at the time of treatment, improving clinical decision-making and patient care coordination. For instance, The London School of Hygiene & Tropical Medicine (LSHTM), a reputable UK-based research and postgraduate public and global health education institution, reported in August 2024, more than 1.3 million individuals opted out of NHS data from May 31 to June 30, which raised the total opt-out rate from 2.77% to 4.97% of the population in 2021. Hence, the rising integration of electronic health records (EHR) propels the medical device connectivity market.

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What Long-Term Trends Will Define the Future of the Medical Device Connectivity Market?
Many key players in the medical device connectivity realm are prioritizing the creation of cutting-edge technologies such as LocationAI. This seeks to improve medical imaging, diagnosis, and subsequent treatment plans. LocationAI, powered by machine learning, offers room-level accuracy without having to disrupt clinical workflows or installing bulky hardware in the patient rooms, which is a common occurrence with other systems. For instance, Cognosos Inc., a US firm known for its real-time asset visibility solutions, introduced LocationAI to its real-time location system (RTLS) solution for healthcare in March 2022. This move was an effort to address recurring issues in asset tracking systems. Through machine learning, this integration helps to improve location precision in hospitals by identifying signal patterns associated with various locations, which then guarantees the exact tracking of tagged items.

Which Segments in the Medical Device Connectivity Market Offer the Most Profit Potential?
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 Firms Dominate the Medical Device Connectivity Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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.

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