Market Highlights
The integration of IT and healthcare is being widely hyped to possess the potential to reshape the medical care sector and its quality without compromising on the cost. This will help patients especially those who have diabetes and other chronic diseases. The medical device connectivity services and solutions are easy to access and can be used by anyone beyond the barriers of age, class, or country. The medical device connectivity solutions are cost-effective as they save frequently visiting costs in clinics, consultation fees of doctors, and transportation costs, among others. Furthermore, they use real-time health information and provide convenience to patients to avail their benefits and services while sitting in their comfort zones.
Based on this platform, future projections for the medical device connectivity market’s growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global medical device connectivity market and gives readers a comprehensive analysis of the leading players in the global medical device connectivity market. The report also profiles the major drivers and restraints affecting the global medical device connectivity market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the medical device connectivity market is also assessed in the report.
Medical device connectivity has become an important technology for the medical sector due to the widespread implementation of electronic health record systems, which has elevated the importance of digital technology in the healthcare sector. The growing demand for storing various device-related data in secure storage sites is likely to be a major driver for the global medical device connectivity market over the forecast period. The increasing incorporation of health information exchange systems in healthcare organizations is also likely to be a major driver for the global medical device connectivity market over the forecast period, as medical device connectivity tools play a vital role in enabling strong, capable health information exchange programs.
Medical Device Connectivity Market Competitive Leaderboard:
Leading players in the global medical device connectivity market include eDevice Inc., Stryker Corporation, Nuvon Inc., iHealth Lab Inc., True Process, Lantronix, Infosys, Nanthealth, Cisco Systems, Medtronic, Bernoulli Enterprise, Koninklijke Philips NV, GE Healthcare, Cerner, and Qualcomm.
In 2016, Allscripts Technologies signed a ten-year strategic agreement with Optumcare to deploy Allscripts TouchWork suite as its exclusive electronic health record (EHR) and practice management (PM) solution for physicians. The strategic agreement will provide physicians with the clinical, health plan, and analytical data, which will further enhance the high-quality care they provide to their patients.
Moreover, in 2016, Cerner and Sharp Healthcare came together to extend the former’s electronic health record (EHR) system to the Sharp Community Medical Group. Through the expanded relationship with Cerner, Sharp will utilize an integrated platform to create consistencies by streamlining physician workflows and care team communications for transitions of care. All such instances are expected to boost the medical device connectivity market.
Medical Device Connectivity Market Regional Analysis:
North America accounts for the Global Medical Device Connectivity Market, followed by Europe. Asia Pacific is also expected to be an important regional market over the forecast period.
Medical Device Connectivity Market Segmentation:
The global medical device connectivity market is segmented on the basis of products and services, technology, end user, and region.
By products and services, the market is segmented into medical device connectivity solutions and medical device connectivity services. Medical device connectivity solutions are further segmented into medical device integration solutions, telemetry systems, connectivity hubs, and interface devices. Whereas, medical device connectivity services are further segmented into support and maintenance services, implementation and integration services, and training services.
Based on technology the market is segmented into wired technologies, wireless technologies, and hybrid technologies. Wireless technologies are likely to grow at a rapid growth rate over the forecast period.
By end user, the market is segmented into hospitals, home healthcare, ambulatory care centers, diagnostic centers, and others. Hospitals account for the largest share in the global medical device connectivity market.
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