Medical Device Connectivity Market Overview, Sales Revenue, Opportunities 2027
- celina redden
- May 27, 2021
- 2 min read
Market Synopsis of the Global Medical Device Connectivity Market
Global medical device connectivity market is expected to grow at an approximate CAGR of 16.1% during the forecast period, 2018–2023. Moreover, the increasing penetration of Electronic Health Records (EHRs) and health information exchange systems in healthcare organizations, are the factors responsible for the market growth. Major factors responsible for the market growth are penetration of EHRs through the collaboration between IT service providers and healthcare service providers
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 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.
Medical Device Connectivity Market Regional Analysis:
North America accounts for the global Global Medical Device Connectivity Market, followed by Europe. Asia Pacific is also expected to be an important regional market over the forecast period.
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