The global medical device connectivity market is projected to reach USD 1,344.1 million by 2021, growing at a CAGR of around 26% during the forecast period. Growth in this market can be attributed to a number of factors such as the growing need for semantic interoperability among healthcare organizations, transition of point-of-care diagnostics from hospitals to home care settings, growing adoption of telehealth solutions, increasing Healthcare IT (HCIT) initiatives, regulations for improving healthcare quality, and rising need to curtail healthcare costs. However, high cost of technology, various interoperability issues, lack of standard interfaces, and fragmented end-users market are some of the factors restraining the growth of this market.
Request a Free Sample copy of This Premium Research Report: https://watchersofmarkets.com/collections/marketsandmarkets/products/medical-device-connectivity-market-by-product-telemetry-systems-interface-devices-integration-networking-platforms-services-technology-wireless-technology-wired-technology-end-user-hospitals-diagnostic-centres-home-healthcare-forecast-to-2#tab-questions
The medical device connectivity market in this report is segmented by component, technology, and end user. Based on product, the market is segmented into medical device connectivity services and solutions. In 2015, the medical device connectivity services product segment accounted for the largest share of the medical device connectivity market. This market is primarily driven by the need for effective implementation and demand for maximum utilization of connectivity solutions. Based on technology, the medical device connectivity market is segmented into three segments, namely, wired technologies, hybrid technologies, and wireless technologies. Based on end user, the medical device connectivity market is segmented into three segments, namely, hospitals & clinics, home healthcare, and imaging & diagnostic centers.
In 2015, North America accounted for the largest share to the global medical device connectivity market, followed by Europe, Asia-Pacific, and the RoW. Growth in the North American market is largely driven by the better accessibility to technologies in this region, increasing funding to innovation in medical sector, increasing demand for eHealth solutions and services in large hospitals and health systems, changing regulations, and rising geriatric population.
Some of the major players in the medical device connectivity market are Qualcomm Inc. (U.S), Cerner Corporation (U.S.), NantHealth, Inc. (U.S.), Bernoulli Enterprise Inc. (U.S.), GE Healthcare (U.S.), Digi International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Lantronix, Inc. (U.S.), Philips Healthcare (Netherlands), and Infosys Limited (India).
Related Report:
Wearable Medical Devices Market by Device (Diagnostic (Heart Pulse BP Sleep) Therapeutic (Pain Insulin Rehabilitation)) Application (Sport Fitness RPM) Type (Smartwatch Patch) Distribution Channel (Pharmacy Online) - Global Forecast to 2022
“The global wearable medical devices market projected to grow at a CAGR of 18.3%.”
The wearable medical devices market is expected to reach USD 14.41 billion by 2022 from USD 6.22 billion in 2017, at a CAGR of 18.3%. The key factors driving the growth of this market include increasing penetration of smartphones and growing number of smartphone-based healthcare apps compatible with wearable devices and growing preference for wireless connectivity among healthcare providers. However, the high cost of wearable devices and data security issues may hinder the growth of the market to a certain extent during the forecast period.
Read More: https://watchersofmarkets.com/products/wearable-medical-devices-market-by-device-diagnostic-heart-pulse-bp-sleep-therapeutic-pain-insulin-rehabilitation-application-sport-fitness-rpm-type-smartwatch-patch-distribution-channel-pharmacy-online-global-forecast-to-2022
About Us:
We are a leading market research store (headquartered in The Hague, Netherlands) bringing to you market research insights, analysis and data from many market research publishers around the globe.
Our experienced market research consultants understand a client’s research requirements in precise manner and get as many proposals around the globe as possible on the table suiting your budget and mapping your research goals.
Our only motivation is to provide clients with precise insights into their respective niche markets and offering them the most comprehensive portfolio of business information products.
Contact:
Watchers of Markets
Henriëtte van der Meydreef 144,2492 JG, Den Haag, Netherlands.
Website: https://watchersofmarkets.com/
Phone number: +31- 85 888 111 6
Email Id : sales@watchersofmarkets.com