The Global Medical Device Connectivity Market was valued at USD 858.20 million in 2019 which is expected to reach USD 4661.22 million by 2027 at a CAGR 24.6%. The Qualiket Research provides a holistic evaluation of the market for the forecast period (2020-2027). The report covers various segments and analysis of the trends and factors which are playing a substantial role in the market.
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Medical device connectivity is the application of artificial intelligence which involves connecting the medical devices providing treatment and being used for servicing the patients to be connected with central network. It is used to control the usage administered therapeutics supply continuous remote monitoring.
Increase in prevalence of novel COVID 19 disease is key driving factor which is expected to boost the global medical device connectivity market growth. Furthermore, increase in penetration of EHRs and health information exchange in healthcare organizations will have the positive impact on market growth. Moreover, increase in government support and initiatives as well as growing focus on care quality and patient safety will propel the market growth during this forecast period. In addition to that, growing consumer inclination towards home healthcare will drive the market growth.
Based on the region, the global medical device connectivity market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America registered for the largest share of the medical device connectivity market during this forecast period, owing to the growing consolidation among healthcare providers, the increase in funding and investments in healthcare industry, and the rise in demand for the eHealth services in this region. The Asia Pacific is anticipated to grow at a faster pace during this forecast timeline.
Impact of COVID 19
The rise in COVID 19 pandemic across the world is expected to drive the global medical device connectivity market growth. In addition, the Qualiket Research delivers detailed analysis COVID 19 impact analysis on the global medical device connectivity market.
The Global Medical Device Connectivity Market is segmented into products & services, component, technology, end user, and region.
Based on the products & services, the global medical device connectivity market is segmented into Solutions, and Services.
Based on the component, the global medical device connectivity market is segmented into Wireless Hardware (Wi-Fi Hardware, Wireless Medical Telemetry Hardware, and Bluetooth Hardware), Wired Hardware, and Software.
Based on the technology, the global medical device connectivity market is segmented into Wired, Wireless, and Hybrid Technology.
Based on the end user, the global medical device connectivity market is segmented into Hospitals, Home Healthcare, and Others.
Various key operating players are listed in this report including GE Healthcare, Qualcomm Inc., Medtronic PLC, Nanthealth, Inc., Cerner Corporation, Koninklijke Philips N.V., Digi International Inc Cisco Systems, Inc., Infosys Limited,., and Lantronix, Inc
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