Medical Device Connectivity Market


Posted July 15, 2020 by ShrutiCMI

The global medical device connectivity market is projected to reach US$ 122,271.5 Mn by the end of 2027 from US$ 39,380.4 Mn in 2020,at a CAGR of 25.7% in the forecast period

 
Description:
Medical device connectivity (MDC) is the connection through which data is transferred from patient’s body to medical equipments,such as a patient healthcare monitoring and an information system.Due to high rising in market value can be attributed to high amount of adoption of Medical device connectivity monitoring systems in healthcare services along with increasing the quality of services and safety of patients
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Moreover, the growing demand for immune globulin (IG) products is expected to drive the human immunoglobulin (ph4) for intravenous injection (COVID-19) market growth. For instance, on August 12, 2019, the U.S. Food and Drug Administration (FDA) confirmed that demand for immune globulin products has increased in recent years and there is a shortage of Immune Globulin (Subcutaneous) (IGSC) and Immune Globulin (Intravenous) (IGIV) products in the U.S. The U.S. Food and Drug Administration is working closely with manufacturers such as Asceniv, Bivigam, Octagam, Panzyga, Privigen and others of various immune globulin (intravenous) (IGIV) products to help mitigate the supply situation for IG products.


Regional analysis
• North America accounted for the largest share of the medical device connectivity market in 2019
• The market is projected into five major regions,namely, North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East & Africa.In 2019, North America segmented for the largest share of the medical device connectivity market because the factors such as growing awareness towards healthcare thus solutions in order to increasing the healthcare costs.

Opportunities
The demand for medical device connectivity market is majorly soar by the growth of issue of COVID-19 because the continues requirement of medical equipments at the hospitals

Highly increasing number of patients and Healthcare providers with insufficient medical devices for each one of them results in driving growth in market costs on global platform



Key players operating in market are —
Capsule Tech Inc.,Cerner Corporation,Philips Healthcare,Digi International Inc.,Cisco Systems Inc.,Siemens Healthcare,Honeywell HomeMed LLC, MedShift,and Dräger Medical GmbH
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Market Segmentation:
• By Product:
o Integration Solutions,
o Interface Devices,
o Telemetry
o Hubs
o Services
• Technology
o Wired
o Wireless
o Hybrid
• End User
o Hospitals
o Home Healthcare
o Diagnostic Centers
o mbulatory Care

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Last Updated July 15, 2020