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Major Players in the Medical Device Connectivity Market Pursue Strategies of Mergers, Acquisitions, Partnerships, Agreements, and Collaborations to Strength Their Position in the Market
The global medical device connectivity market mainly includes medical device manufacturers, HCIT solution providers, non-medical device vendors, interface product vendors, and hardware vendors. As medical device connectivity is an emerging market, the focus of players lies currently on product development and upgradation. The global medical device integrating/networking solutions market is dominated by Qualcomm, Inc. (U.S.), Bernoulli Enterprise Inc. (U.S.), NantHealth Inc. (U.S.), and Cerner Corporation; while, the interface devices market is dominated by Digi International Inc. (U.S.), GE Healthcare Ltd. (U.K.), Koninklijke Philips N.V. (Netherlands), Lantronix Inc. (U.S.), and Qualcomm Inc. (U.S.).Qualcomm is among the leading players in the medical device connectivity market. The company offers digital connectivity technologies and networking solutions for healthcare organizations. It has a strong distribution network, which enables it to provide services through its dedicated sales professionals. The company focuses on medium- and large-sized enterprise customers and strives to develop enterprise software applications to meet the specific needs of its customers.
Qualcomm Life Inc. (U.S.), a leading player in the medical device connectivity market, developed the 2net platform and SmartLinx gateway for meeting the increasing demand of technologically advanced medical device integration and networking solutions. The company continuously strives to improve and enhance its existing portfolio by introducing new connectivity and integration platforms. In September 2015, Qualcomm Life Inc. acquired Capsule Technologies (U.S.), a leading provider of digital connectivity devices and networking solutions for clinical data integration and management and healthcare information technology (HCIT) solutions. Through this acquisition Qualcomm dominated the medical device connectivity market by adding Capsule’s product portfolio for medical device connectivity solutions. Cerner Corporation (U.S.) is another leading player in this market and is specialist in providing a comprehensive range of software and services such as advanced software and hardware products for integrating diverse medical devices in hospitals. The company has developed HCIT system ‘Cerner Millennium’ for establishing interoperability between medical devices, integrating medical data with EMRs, and enabling clinical data analytics.
NantHealth, Inc., a leading healthcare IT company specialized in software and networking platforms for medical device integration, focuses on partnerships and collaboration to strengthen its presence in the market. It acquired iSirona LLC in February 2014, through which it provides medical device integration solutions.
Moreover, Cardiopulmonary Corp. (CPC) (U.S.), a leader in real-time connected healthcare, merged with Nuvon Inc. (U.S.), a leader in medical device integration and interoperability solutions, and rebranded the company as Bernoulli Enterprise, Inc. This merger was aimed at creating technologically advanced solutions by combining Nuvon’s medical device integration (MDI) solutions with CPC’s Bernoulli one platform. Through this integration, both companies offer secure and advanced device integration solutions and services to care providers of the global healthcare ecosystem. This merger helped both the companies to strengthen their positions in the medical device connectivity market.
Focusing on interface devices, Digi International Inc. (U.S.), GE Healthcare Ltd. (U.K.), and Koninklijke Philips N.V. (Netherlands) offer interface devices that are used to create a network of medical device connectivity in a healthcare organization by connecting standalone devices with the main network in the organization.
Industry players adopted the strategy of new product launches, expansions, agreements, alliances, collaborations, and partnerships as major growth strategies to achieve growth in the global medical device connectivity market. These strategies helped companies to garner larger market shares and strengthen their customer base and production capacities. For instance, in August 2016, Qualcomm Inc. (U.S.) and Koninklijke Philips N.V. (Netherlands) collaborated to advance connected health across the health continuum. Through this collaboration, both companies aim to offer secure and technologically advanced connected care solutions and services to care providers.
Medical Device Connectivity Market by Product (Telemetry Systems, Interface Devices, Integration/Networking Platforms), Services, Technology (Wireless Technology, Wired Technology), End User (Hospitals, Diagnostic Centres, Home Healthcare) - Forecast to 2021
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