Medical Device Connectivity Market Share, Demand, New Opportunities and Foresight to 2023


Posted February 19, 2019 by ashukalbande21

The global Medical Device Connectivity Market is proliferating rapidly mainly due to the growing adoption of smart, connected medical devices across the healthcare industry.

 
The global Medical Device Connectivity Market is proliferating rapidly mainly due to the growing adoption of smart, connected medical devices across the healthcare industry. Moreover, the penetration of some of the ubiquitous technologies such as IoT, Blockchain, AI, AR, and VR into these smart medical devices escalates the market on the global platform.

Acknowledging the pace at which the market is climbing up pervasively, Market Research Future (MRFR) in its recently published study report asserts that the global medical device connectivity market will garner exponential accruals by 2023, registering a striking CAGR over 16% throughout the forecasting period (2018 – 2023).

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/6041

The healthcare sector, heading with the availability of data, improved patient care is imminent has entered a new level of connectivity, convenience, and efficiency with the Internet of Things (IoT). Bluetooth and Wi-Fi seem to be prevailing connectivity solutions. IoT connectivity while compared to roulette is betting on Bluetooth or Wi-Fi.

With these advancements, however, comes the greater risk of cybersecurity, that is creating a multi-billion-dollar problem for the healthcare industry. Consecutively, these cybersecurity issues alongside the high cost of deployment are impeding the growth of the market.

Nevertheless, the growing interest of governments and regulators such as FDA around Cybersecurity area that has resulted in implementing stringent regulatory policies to ensure medical device cybersecurity remains intact will support the market growth over the forecast period.

One such regulation of medical device cybersecurity that came under the spotlight with the ongoing digitization and connectivity of healthcare, issued in October 2018 has manifested via draft guidelines certain to support this shift and as a response to healthcare becoming a prime target for cyber threats.

Global Medical Device Connectivity Market – Key Players:

Key players leading the global medical device connectivity market include Cerner (U.S.), Qualcomm (U.S.), GE Healthcare (U.S.), Bernoulli Enterprise (U.S.), Koninklijke Philips N.V. (Netherlands), Medtronic (U.S.), Nanthealth (U.S.), Cisco Systems (U.S.), Infosys (India), True Process (U.S.), Lantronix (U.S.), Ihealth Lab (U.S.), Stryker Corporation, Nuvon, Inc, and eDevice, Inc. among others.

Global Medical Device Connectivity Market – Segments

The report segmented into four key dynamics for enhanced understanding.

By Product & Services: Medical Device Connectivity Solutions (medical device integration solutions, telemetry systems, connectivity hubs, and interface devices) and Medical Device Connectivity Services (support & maintenance services, implementation & integration services, and training services).

By Technology: Wired Technologies, Wireless Technologies, and Hybrid Technologies.

By End-user : Hospitals, Home Healthcare, Ambulatory Care Centers, Diagnostic Centers, and others.

By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World.

Global Medical Device Connectivity Market – Geographical Analysis

The North American region accounts for the dominating position in the global medical device connectivity market followed by Europe and the Asia Pacific region, respectively. Factors such as the presence of the best medical facilities alongside the vast technological advancements and high per capita healthcare expenditures lead the regional market.

The US, heading with the availability of advanced medical devices accounts for the key contributor to the growth of the regional market. Moreover, the presence of well-established healthcare infrastructure and skilled professionals & doctors are undoubtedly impacting the market growth positively.

The medical device connectivity market in the European region is expected to account for the second-largest market, following the North American market closely. Factors escalating the regional market include technological advancement and the augmented adoption of smart and connected medical devices.

The resurging economy in Europe is playing an important role in the growth of the market, increasing the purchasing power of consumers and per capita healthcare expenditures. Additionally, government support that encourages providers to develop new devices that can offer better connectivity solutions which, in turn, is fostering the growth in the regional market.

The Asia Pacific region, heading with the high uptake of technology, is rapidly emerging as a profitable market for the medical device connectivity. The ongoing trend of digitalization of patient records among healthcare organizations is one of the key driving forces behind the growth of the market in this region.

Moreover, increasing adoption of connected healthcare that requires strong connectivity is positively impacting the market growth in the region.

Browse Full Reports @ https://www.marketresearchfuture.com/reports/medical-device-connectivity-market-6041
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Issued By ashu kalbande
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Categories Business , Health , Medical
Tags medical device connectivity market
Last Updated February 19, 2019