Pune, India -- (SBWIRE) -- 03/23/2020 -- Medical device connectivity market is expected to rise to an estimated value of USD 10.54 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising adoption of remote monitoring capabilities in healthcare services along with increasing the quality of services and safety of patients.
This Medical device connectivity report helps the clients understand the various drivers and restraints impacting the market during the forecast period. Analysis and estimation of important industry trends, market size, and market share are covered in the report. The report surely offers a great motivation to businesses to seek new business ventures and evolve better. As businesses are greatly relying on the different segments included in the market research report which offers them with the better insights to drive the business into right direction. The collected data is checked and validated by the market experts for the readers and end users.
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Few of the major competitors currently working in the global medical device connectivity market are GENERAL ELECTRIC COMPANY; Cisco; Koninklijke Philips N.V.; iHealth Labs Inc.; Capsule Technologies, Inc.; Baxter; Cerner Corporation; Bernoulli; Medtronic; Silex Technology, Inc.; McKesson Corporation; NantHealth, Inc.; Infosys Limited; Lantronix, Inc.; Spectrum Medical; Digi International Inc.; Siemens Healthcare GmbH; eDevice and Drägerwerk AG & Co. KGaA.
Key Developments in the Market:
In February 2019, Francisco Partners announced that they had acquired Qualcomm's business operation branded as "Qualcomm Life". The acquired operations deal in providing end-to-end medical device connectivity across the different stages of healthcare services. The business operations will be divided into two organizations namely, "Capsule Technologies, Inc." and "2net". Capsule will provide connectivity capabilities of medical devices to hospitals while 2net will focus on providing a mobile platform for medical services.
In January 2019, Baxter announced that they had acquired True Process. This acquisition includes "True Process'" "Vines" software platform which has been created to collect the patient data from devices connected at the bedside and normalization of these devices. This acquisition will help in greater innovations and provision of specific care healthcare services for individual patients.
Competitive Analysis: Global Medical Device Connectivity Market
Global medical device connectivity market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical device connectivity market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Table of Contents:
1 Introduction
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in medical device connectivity Market
8 medical device connectivity Market, By Service
9 medical device connectivity Market, By Deployment Type
10 medical device connectivity Market, By Organization Size
11 medical device connectivity Market Analyses, By Vertical
12 Geographic Analyses
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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Market Drivers
High rates of infiltration of digital services such as EHR's and patient data in healthcare organizations; this factor is expected to drive the growth of the market
Rising levels of policies adoption resulting in better healthcare IT services; this factor is expected to drive the growth of the market
Connectivity of medical devices and services being provided to patients in healthcare settings provide lower costs and helps provide better analysis of patient data; this factor is expected to drive the growth of the market
Market Restraints
Large costs associated with the integration of these services in case of small-scale healthcare organizations; this factor is expected to restrain the growth of the market
Unwillingness in preference and adoption of digital healthcare IT services; this factor is expected to restrain the growth of the market
Segmentation: Global Medical Device Connectivity Market
By Product & Service
Solutions
Integration Solution
Telemetry Systems
Connectivity Hubs
Interface Devices
Services
Support & Maintenance Services
Implementation & Integration Services
Training Services
By Components
Wireless Hardware
Wi-Fi
Web Map Tile Service (WMTS)
Bluetooth
Wired Hardware
Software
By Technology
Wired Technologies
Wireless Technologies
Hybrid Technologies
By End-User
Hospitals
Home Healthcare
Ambulatory Care Centers
Imaging & Diagnostic Centers
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
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