Medical Device Interoperability Market Demand, Growth and Statistical Forecast Report with Prime Industry Players
Global medical device interoperability market was valued at US$ 1,827.1 million in 2018 and is expected to reach US$ 10,829.5 million by 2027, growing at an estimated CAGR of 22.1% over the forecast period. Some of the players operating in the medical device interoperability market are NantHealth, Inc, Bernoulli Enterprise, Inc., iHealth Lab Inc., Masimo Corporation, Nihon Kohden Corporation, True Process, Spacelabs Healthcare, Inc., Abbott, Cerner Corporation, Drägerwerk AG & Co. KGaA, Qualcomm Life, Inc., Medtronic, Infosys Limited, General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Fukuda Denshi Co., Ltd., Boston Scientific Corp, Invivo Corporation.
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Increasing focus on patient-centric care, government initiatives for improving patient care and safety, rising need to curb increasing healthcare costs, and technological advancements are anticipated to propel the growth in medical device interoperability market.
Health care is undergoing a huge revolution as technology is largely being used to engage consumers, patients and caregivers to provide real-time support and information with proper use of data and analysis. Health care industry is also focusing on decreasing errors occurring while conducting various medical procedures and improving quality of operational efficiency. Patient’s health records are captured in different formats like payer application, structured electronic health care records, multiple hospital information system and others. This inconsistency makes it difficult to combine patient data and confidential information at one place for proper maintenance, supply and analytics. In terms of regions, the North America region continues to witness highest adoption of device interoperability solutions. This is attributed to several reasons which include implementation of stringent regulations for handling of patient data and relatively higher spending on healthcare digitization.
Medical Device Interoperability Market:
- By Device Type
- Monitoring Devices
- Imaging Devices and Information Systems
- PACS
- MRI
- Ultrasound
- CT Scan
- Others
- Diagnostic Devices
- Surgical Devices
- Therapeutic Devices
- By Application Type
- Acute Care Settings
- Remote Patient Monitoring
- Patient Data Repositories
- By Industry Participants
- Clinical IT System Vendors
- Medical Device OEMs
- Vendor-Agnostic Connectivity Vendors
- Healthcare System Integrators
- By End User
- Hospitals
- Clinics and Imaging Centers
- Ambulatory Cares
- By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Medical Device Interoperability Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Medical Device Interoperability Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Medical Device Interoperability Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Medical Device Interoperability market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Medical Device Interoperability market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Medical Device Interoperability market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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