Medical Device Connectivity Market by Product & Services (Integration Solutions, Telemetry, Connectivity Hubs), Technology (Wired, Hybrid), Application (Vital signs Monitors, Ventilators), End User (Hospitals) - Global Forecast to 2026
Updated on : May 04, 2023
The global medical device connectivity market in terms of revenue was estimated to be worth $1.7 billion in 2021 and is poised to reach $4.9 billion by 2026, growing at a CAGR of 24.4% from 2021 to 2026. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Growth in this market is majorly due to growth in the telehealth and remote patient monitoring markets, and the growing inclination towards home healthcare is expected to provide significant growth opportunities for players operating in the market. The high burden of COVID-19, increasing healthcare costs, strong government support and initiatives and the growing focus on the quality of care and patient safety are further driving the market for medical device connectivity solutions across the globe. However, concerns related to integration between various hospital information systems and medical devices and the reluctance of healthcare professionals to adopt advanced healthcare IT solutions are expected to limit the growth of this market to a certain extent.
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Medical Device Connectivity Market Dynamics
Driver: Increasing penetration of EHRs & health information exchange systems in healthcare organizations
During the last decade, there has been a significant increase in the adoption of EHR systems by healthcare organizations. This can primarily be attributed to the promotion of EHRs and their “meaningful use” for improving the quality of healthcare by federal and state governments as well as insurance providers. With the significant growth in the adoption of EHRs, a large volume of electronic data is generated by healthcare organizations. This data needs to be managed effectively to ensure its optimum utilization for improving the quality of patient care. In this regard, medical device connectivity solutions have proven to be effective and are increasingly being utilized by several healthcare organizations to improve clinical outcomes as well as minimize the overall cost of healthcare. In addition, these solutions enable easy data accessibility, easy flow of patient information to EHR systems, and help in achieving meaningful use of EHR systems by eliminating manual entries, reducing medical errors, and increasing the efficiency of processes.
In the US, the Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted under the American Recovery and Reinvestment Act (ARRA), allocated funding for incentivizing hospitals and physicians who demonstrate meaningful use of EHRs. With the growing regulatory requirements and increasing use of electronic health records, the demand for automated and interoperability solutions is also increasing
The high adoption of EMR solutions and the growing emphasis of governments across various developed and developing countries on building nationwide healthcare information exchanges (HIEs) are expected to increase the demand for efficient medical device connectivity solutions
Restraint: High cost of deployment for small healthcare organizations
The cost of interoperability and connectivity solutions for different medical devices is considerably high. Smaller healthcare organizations struggle to implement internet connectivity to medical devices. This is mainly due to difficulties in implementing multiple networks with health setups, a lack of wireless connectivity options, and the need to install subsequent myriads of security layers to avoid data breaches. Moreover, support and maintenance services, which include modification and upgrading software as per changing user requirements, represent a recurring expenditure, which accounts for a large share of the total cost of ownership. Also, post-sales custom interface development for device integration requires additional verification and validation to ensure solution accuracy and completeness. This further increases the total cost of ownership for healthcare providers. Small hospitals and healthcare organizations cannot afford these additional costs.
Opportunity: Increasing consolidation in the healthcare industry
Currently, the healthcare industry is increasingly consolidating in the US, and large regional and national healthcare systems are expanding in size. In the US, the implementation of the PPACA in 2010 has mandated healthcare organizations in the country to use advanced healthcare IT tools, which, in turn, has increased the financial burden on healthcare organizations. The implementation of such healthcare reforms affects the profit margins of hospitals, doctors, and insurers. To control healthcare delivery costs, healthcare organizations in the US are increasing their patient base and optimizing the utilization of available resources.
In this regard, consolidation is one of the most preferred strategies adopted by healthcare providers to increase their patient base and optimize resource utilization. According to the American Hospital Association Survey, 2019, of the nearly 5,200 hospitals in the US, approximately 65% are part of a bigger health system.
Challenge: Integration between various hospital information systems and medical devices
The healthcare industry is highly information-intensive, wherein patient information is generated from all departments at all points of care within the healthcare organization. However, generating credible information by integrating the huge quantity of data plays a pivotal role in creating exhaustive and accurate patient records. Since various medical devices and diagnostic tools are being used within healthcare systems, there is a greater need to integrate all these systems to aid a timely response by healthcare professionals at different care delivery points.
Many healthcare organizations have invested in a variety of medical device information management systems from different vendors, which have their own makes and models. As healthcare organizations are increasingly adopting interoperability and connectivity systems, there is a greater need to integrate different information technology systems and devices into a single interface through suitable connectivity networks to ensure maximum utilization. The successful integration of HCIT systems with medical devices is the focus of IT infrastructure development projects in healthcare organizations.
The medical device connectivity solutions segment is expected to account for the largest share of the medical device connectivity market
Based on product and services, the market is segmented into medical device connectivity solutions and medical devices connectivity services. The medical device connectivity solutions accounted for the largest share of the medical device connectivity. The large share of this segment can be attributed to the increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements and healthcare reforms, the shift of point-of-care diagnostics from hospitals to home care settings, and the growing need for integrated healthcare systems to improve the quality and outcome of healthcare.
The wireless technologies segment accounted for the largest share of the medical device connectivity market
Based on technology, the market is segmented into wired technologies, wireless technologies, and hybrid technologies. The wireless technologies segment accounted for the largest share of the market. Wireless technologies offer a better quality of healthcare as doctors constantly receive real-time updates about patients, enabling faster treatments. These technologies also enable shorter hospital stays and reduced healthcare expenditure through remote patient monitoring without hampering the efficiency of the treatment. These advantages are supporting the growth of the wireless technologies segment.
The vital signs & patient monitors segment accounted for the largest share of the medical device connectivity market
Based on applications, the market has been segmented into vital signs & patient monitors, anesthesia machines & ventilators, infusion pumps, and other applications. The other applications segment comprises imaging systems, implantable cardiac devices, respiratory devices, neurological devices, and fetal monitoring devices. The vital signs & patient monitors segment accounted for the largest share of the market. This can be attributed to the widespread use of such monitors for continuous patient monitoring due to the rising incidence of chronic disorders among the aging populations and its need in emergency settings and operating rooms. Also, the increasing adoption of such monitors for remote patient monitoring during the COVID-19 pandemic is propelling the market growth.
The hospitals segment accounted for the largest share of the medical device connectivity market
Based on end users, the market is segmented into hospitals, home healthcare centers, diagnostic & imaging centers, and ambulatory care centers. The hospitals segment accounted for the largest share of the market. The large share of this segment can be attributed to the large patient volume, the high purchasing power of hospitals to buy advanced medical device connectivity solutions, decreasing margins in hospitals, and increasing focus on offering high-quality patient care and safety. Also, the increasing focus on remote patient monitoring devices for continuous monitoring of patients affected by COVID-19 and the increasing incidence of various chronic respiratory diseases is driving the adoption of medical device connectivity solutions and services in this segment
North America accounted for the largest share of the medical device connectivity market
North America accounted for the largest share of the market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The large share of this region can be attributed to factors such as growing consolidation among healthcare providers, widespread adoption of clinical device connectivity and interoperability solutions to curtail the rising healthcare costs, rising number of coronavirus patients in the US, and stringent regulations and guidelines laid down by various government and non-government authorities such as the Health Insurance Portability and Accountability Act (HIPPA), the Federal Communications Commission (FCC), and the Centers for Medicare and Medicaid Services (CMS). The presence of a large number of players in the region is also a key factor contributing to the large share of North America in the market.
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The prominent players in the medical device connectivity market include Cerner Corporation (US), Medtronic plc (Ireland), Masimo (US), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Stryker Corporation (US), iHealth Labs Inc. (US), Cisco Systems (US), Lantronix Inc. (US), Infosys (India), S3 Connected Health (Ireland), Spectrum Medical Ltd. (UK), Hill-Rom Holdings Inc. (US), Iatric Systems Inc. (US), Silex Technology (Japan), Digi International Inc. (US), True Process (US), TE Connectivity (Switzerland), Bridge-Tech Medical (US), Medicollector LLC (US), Dragerwerk AG & CO. KGAA (Germany), Honeywell International (US), Ascom Holdings AG (Switzerland), Wipro Ltd. (India), and OSI Systems (US).
Medical Device Connectivity Market Report Scope
|
Report Metric |
Details |
|
Market Revenue in 2021 |
$1.7 billion |
|
Projected revenue by 2026 |
$4.9 billion |
|
Growth Rate |
Poised to grow at a CAGR of 24.4% |
|
Market Driver |
Increasing penetration of EHRs & health information exchange systems in healthcare organizations |
|
Market Opportunity |
Increasing consolidation in the healthcare industry |
The study categorizes the medical device connectivity market to forecast revenue and analyze trends in each of the following submarkets:
By Product & Services
-
Medical Device Connectivity Solutions
- Medical device integration solutions
- Interface devices
- Telemetry systems
- Connectivity Hubs
By Services
- Implementation and Integration services
- Support & maintenance services
- Training services
- Consulting services
By Technology
- Wired technologies
- Wireless technologies
- Hybrid technologies
By Application
- Vital signs & patient monitors
- Anesthesia machines & Ventilators
- Infusion pumps
- Other applications connected devices
By End User
- Hospitals
- Home Care Centers
- Diagnostic & Imaging Centers
- Ambulatory Care Centers
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- China
- India
- Japan
- Rest of APAC
-
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
-
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Recent Developments
- In 2021, Koninklijke Philips N V signed an agreement to acquire Capsule Technologies Inc. This strategy expanded Philips’ leadership in patient care management connectivity solutions for hospitals, as Capsule Technologies is a leading provider of medical device integration and data technologies for hospitals and healthcare organizations.
- In 2021, Masimo Corporation launched iSirona, a connectivity solution for EMR integration, surveillance monitoring, alarm management, mobile notifications, smart displays, and analytics.
- In 2021, Lantronix launched EDS3000, a multi-serial port for ethernet services that delivers next-generation hybrid ethernet terminal/multi-serial port device server connectivity for easy remote access and management of virtually any IT/networking equipment or edge device (ideal for medical devices).
- In 2020, GE Healthcare expanded its AI offerings and Edison ecosystem and also introduced breakthrough imaging innovations to help shape the future of healthcare.
- In 2020, Cerner Corporation collaborated with Xealth to help health systems choose, manage, and deploy digital tools and applications while offering clinicians access to remote monitoring and more direct engagement with patients.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global medical device connectivity market?
The global medical device connectivity market boasts a total revenue value of $4.9 billion by 2026.
What is the estimated growth rate (CAGR) of the global medical device connectivity market?
The global medical device connectivity market has an estimated compound annual growth rate (CAGR) of 24.4% and a revenue size in the region of $1.7 billion in 2021.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 35)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION & SCOPE
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY
1.2.2 MARKET SEGMENTATION
FIGURE 1 MEDICAL DEVICE CONNECTIVITY MARKET SEGMENTATION
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH APPROACH
2.2 RESEARCH METHODOLOGY DESIGN
FIGURE 2 MEDICAL DEVICE CONNECTIVITY MARKET: RESEARCH DESIGN
2.2.1 SECONDARY RESEARCH
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Primary sources
2.2.2.2 Key data from primary sources
2.2.2.3 Insights from primary experts
2.2.2.4 Breakdown of primary interviews: supply-side and demand-side participants
2.3 MARKET SIZE ESTIMATION: MARKET
FIGURE 3 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
FIGURE 4 REVENUE SHARE ANALYSIS ILLUSTRATION
FIGURE 5 TOP-DOWN APPROACH
FIGURE 6 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE MARKET (2021–2026)
FIGURE 7 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION METHODOLOGY
2.5 MARKET SHARE ESTIMATION
2.6 ASSUMPTIONS FOR THE STUDY
2.7 LIMITATIONS
2.7.1 METHODOLOGY-RELATED LIMITATIONS
2.7.2 SCOPE-RELATED LIMITATIONS
2.8 RISK ASSESSMENT
TABLE 2 RISK ASSESSMENT: MARKET
3 EXECUTIVE SUMMARY (Page No. - 54)
FIGURE 9 MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2021 VS. 2026 (USD MILLION)
FIGURE 10 MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
FIGURE 11 MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
FIGURE 12 MARKET, BY END USER, 2021 VS. 2026 (USD MILLION)
FIGURE 13 GEOGRAPHICAL SNAPSHOT OF THE MARKET
4 PREMIUM INSIGHTS (Page No. - 59)
4.1 MEDICAL DEVICE CONNECTIVITY MARKET OVERVIEW
FIGURE 14 GROWING NUMBER OF COVID-19 CASES AND THE NEED FOR CONTINUOUS PATIENT MONITORING TO DRIVE MARKET GROWTH
4.2 ASIA PACIFIC: MARKET, BY END USER AND COUNTRY (2020)
FIGURE 15 HOSPITALS ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2020
4.3 MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
FIGURE 16 CHINA TO REGISTER THE HIGHEST REVENUE GROWTH DURING THE FORECAST PERIOD
4.4 MARKET, BY REGION (2019–2026)
FIGURE 17 NORTH AMERICA WILL CONTINUE TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
4.5 MARKET: DEVELOPED VS. DEVELOPING MARKETS
FIGURE 18 DEVELOPING MARKETS TO REGISTER A HIGHER GROWTH RATE DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 63)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
TABLE 3 MARKET DYNAMICS: MEDICAL DEVICE CONNECTIVITY MARKET
5.2.1 MARKET DRIVERS
5.2.1.1 Growing global prevalence of COVID-19
TABLE 4 TOTAL NUMBER OF CONFIRMED CORONAVIRUS CASES, BY REGION (AS OF JUNE 28, 2021)
5.2.1.2 Increasing penetration of EHRs & health information exchange systems in healthcare organizations
5.2.1.3 Cost benefits of connected healthcare environments vis-à-vis rising healthcare expenditures
FIGURE 19 CURRENT EXPENDITURE ON HEALTH (2019)
5.2.1.4 Increasing integration of medical devices with hospital information systems
5.2.1.5 Favorable government support and initiatives
5.2.1.6 Growing focus on care quality and patient safety
5.2.1.7 Medical device connectivity aids in data analytics
5.2.1.8 Growing investments to improve healthcare infrastructures
5.2.2 MARKET RESTRAINTS
5.2.2.1 High cost of deployment for small healthcare organizations
5.2.2.2 Reluctance of medical professionals to adopt advanced healthcare IT solutions
5.2.3 MARKET OPPORTUNITIES
5.2.3.1 Increasing consolidation in the healthcare industry
FIGURE 20 US: HOSPITAL MERGERS & ACQUISITIONS, 2015-2019
5.2.3.2 Growing inclination towards home healthcare
5.2.3.3 Growing telehealth and remote patient monitoring markets
5.2.3.4 Emerging markets
5.2.4 MARKET CHALLENGES
5.2.4.1 Integration between various hospital information systems and medical devices
5.2.4.2 Data security concerns
5.2.4.3 Lack of skilled healthcare IT professionals
6 INDUSTRY INSIGHTS (Page No. - 78)
6.1 INTRODUCTION
6.2 INDUSTRY TRENDS
6.2.1 SHIFT TOWARDS CLOUD-BASED SOLUTIONS
6.2.2 INTEGRATION OF MEDICAL DEVICE DATA INTO CARE DELIVERY PROCESSES
6.2.3 GROWING NEED FOR SEMANTIC INTEROPERABILITY THROUGH MEDICAL DEVICE CONNECTIVITY SOLUTIONS
6.2.4 TRANSITION OF POC DIAGNOSTICS FROM HOSPITALS TO HOME SETTINGS
6.2.5 GROWING ADOPTION OF TELEHEALTH SOLUTIONS
6.2.6 SHIFT FROM PAYMENT-FOR-PERFORMANCE TO PAYMENT-FOR-OUTCOMES MODELS IS BOOSTING THE DEMAND FOR MEDICAL DEVICE CONNECTIVITY SOLUTIONS
6.2.7 M2M COMMUNICATIONS & ARTIFICIAL INTELLIGENCE BOOM IN HEALTHCARE
6.2.8 LOW-POWER CONNECTIVITY SOLUTIONS & ADVANCEMENTS IN SOFTWARE ARCHITECTURE
6.3 REGULATORY ANALYSIS
TABLE 5 KEY REGULATIONS & STANDARDS GOVERNING MEDICAL DEVICE CONNECTIVITY SOLUTIONS
6.4 INTEROPERABILITY STANDARDS
TABLE 6 KEY STANDARDS FOR INTEROPERABILITY IN THE DIGITAL HEALTH SPECTRUM
TABLE 7 QUALITATIVE ANALYSIS OF WIDELY USED DATA TRANSMISSION STANDARDS IN THE DIGITAL HEALTH SPECTRUM
6.5 PRICING ANALYSIS
TABLE 8 PRICING MODEL: MEDICAL DEVICE CONNECTIVITY SOLUTIONS, BY TYPE
TABLE 9 PRICING MODEL: MEDICAL DEVICE CONNECTIVITY SOLUTIONS, BY REGION
6.6 ECOSYSTEM ANALYSIS
6.6.1 HEALTHCARE IT MARKET: ECOSYSTEM ANALYSIS
6.6.2 MEDICAL DEVICE CONNECTIVITY MARKET: ECOSYSTEM ANALYSIS
6.7 PATENT ANALYSIS
6.7.1 PATENT PUBLICATION TRENDS FOR MEDICAL DEVICE CONNECTIVITY
FIGURE 21 PATENT PUBLICATION TRENDS (JANUARY 2011–JULY 2021)
6.7.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS
FIGURE 22 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR MEDICAL DEVICE CONNECTIVITY PATENTS (JANUARY 2011–JULY 2021)
FIGURE 23 TOP APPLICANT COUNTRIES/REGIONS FOR MEDICAL DEVICE CONNECTIVITY PATENTS (JANUARY 2011–JULY 2021)
TABLE 10 LIST OF PATENTS/PATENT APPLICATIONS IN THE MARKET, 2020–2021
6.8 IMPACT OF COVID-19 ON THE MARKET
7 MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE (Page No. - 97)
7.1 INTRODUCTION
TABLE 11 MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
7.2 MEDICAL DEVICE CONNECTIVITY SOLUTIONS
FIGURE 24 MEDICAL DEVICE INTEGRATION SOLUTIONS DOMINATED THE MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET IN 2020
TABLE 12 MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 13 MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
7.2.1 MEDICAL DEVICE INTEGRATION SOLUTIONS
7.2.1.1 Increasing demand for EHR implementation and the need for accurate patient information to drive the adoption of integration solutions
TABLE 14 MEDICAL DEVICE INTEGRATION SOLUTIONS OFFERED BY KEY MARKET PLAYERS
TABLE 15 MEDICAL DEVICE INTEGRATION SOLUTIONS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
7.2.2 TELEMETRY SYSTEMS
7.2.2.1 Rising demand for remote patient monitoring to drive the adoption of telemetry systems
TABLE 16 TELEMETRY SYSTEMS OFFERED BY KEY MARKET PLAYERS
TABLE 17 TELEMETRY SYSTEMS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
7.2.3 CONNECTIVITY HUBS
7.2.3.1 Growing demand for remote patient monitoring and the need to simplify workflows in healthcare settings are supporting the growth of this market
TABLE 18 CONNECTIVITY HUBS OFFERED BY KEY MARKET PLAYERS
TABLE 19 CONNECTIVITY HUBS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
7.2.4 INTERFACE DEVICES
7.2.4.1 Rising importance of health information exchange and EHR implementation within healthcare organizations to support market growth
TABLE 20 INTERFACE DEVICES OFFERED BY KEY MARKET PLAYERS
TABLE 21 INTERFACE DEVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
7.3 MEDICAL DEVICE CONNECTIVITY SERVICES
FIGURE 25 SUPPORT & MAINTENANCE SERVICES SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
TABLE 22 MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 23 MEDICAL DEVICES CONNECTIVITY SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
7.3.1 SUPPORT & MAINTENANCE SERVICES
7.3.1.1 Growing trend of outsourcing of healthcare IT support and services is driving the growth of this market
TABLE 24 SUPPORT & MAINTENANCE SERVICES OFFERED BY KEY MARKET PLAYERS
TABLE 25 MEDICA DEVICE CONNECTIVITY MARKET FOR SUPPORT & MAINTENANCE SERVICES, BY COUNTRY, 2019–2026 (USD MILLION)
7.3.2 IMPLEMENTATION & INTEGRATION SERVICES
7.3.2.1 Requirement of software interoperability and the need to comply with regulatory standards to boost the market growth
TABLE 26 IMPLEMENTATION & INTEGRATION SERVICES OFFERED BY KEY MARKET PLAYERS
TABLE 27 MARKET FOR IMPLEMENTATION & INTEGRATION SERVICES, BY COUNTRY, 2019–2026 (USD MILLION)
7.3.3 TRAINING SERVICES
7.3.3.1 Need to increase the adoption of healthcare IT solutions and to increase awareness of the latest medical device connectivity solutions available to boost the market growth
TABLE 28 TRAINING SERVICES OFFERED BY KEY MARKET PLAYERS
TABLE 29 MARKET FOR TRAINING SERVICES, BY COUNTRY, 2019–2026 (USD MILLION)
7.3.4 CONSULTING SERVICES
7.3.4.1 Consulting services guide healthcare providers in the implementation of medical device connectivity solutions—a key factor driving market growth
TABLE 30 CONSULTING SERVICES OFFERED BY KEY MARKET PLAYERS
TABLE 31 MARKET FOR CONSULTING SERVICES, BY COUNTRY, 2019–2026 (USD MILLION)
8 MEDICAL DEVICE CONNECTIVITY MARKET, BY TECHNOLOGY (Page No. - 117)
8.1 INTRODUCTION
TABLE 32 MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
8.2 WIRELESS TECHNOLOGIES
8.2.1 GROWING DEMAND FOR CONNECTED DEVICES AND GROWING TELEHEALTH INDUSTRY TO PROPEL MARKET GROWTH
TABLE 33 MARKET FOR WIRELESS TECHNOLOGIES, BY COUNTRY, 2019–2026 (USD MILLION)
8.3 WIRED TECHNOLOGIES
8.3.1 WIRED TECHNOLOGIES ARE HIGHLY SECURE PLATFORMS FOR DATA TRANSFORMATION AND EXCHANGING IMAGING DATA—A KEY FACTOR SUPPORTING MARKET GROWTH
TABLE 34 MARKET FOR WIRED TECHNOLOGIES, BY COUNTRY, 2019–2026 (USD MILLION)
8.4 HYBRID TECHNOLOGIES
8.4.1 INCREASING NEED FOR MOBILITY AND SAFETY ALONG WITH DATA SECURITY TO DRIVE THE DEMAND FOR HYBRID TECHNOLOGIES
TABLE 35 MARKET FOR HYBRID TECHNOLOGIES, BY COUNTRY, 2019–2026 (USD MILLION)
9 MEDICAL DEVICE CONNECTIVITY MARKET, BY APPLICATION (Page No. - 125)
9.1 INTRODUCTION
TABLE 36 MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
9.2 VITAL SIGNS & PATIENT MONITORS
9.2.1 INCREASING NEED FOR REMOTE PATIENT MONITORING TO INCREASE THE ADOPTION OF CONNECTIVITY SOLUTIONS ACROSS FACILITIES
TABLE 37 MARKET FOR VITAL SIGNS & PATIENT MONITORS, BY COUNTRY, 2019–2026 (USD MILLION)
9.3 ANESTHESIA MACHINES & VENTILATORS
9.3.1 THE OPERATIONAL ADVANTAGES OF ANESTHESIA MACHINES & VENTILATORS ARE THE KEY FACTORS DRIVING THIS MARKET
TABLE 38 MARKET FOR ANESTHESIA MACHINES & VENTILATORS, BY COUNTRY, 2019–2026 (USD MILLION)
9.4 INFUSION PUMPS
9.4.1 PUMP-EMR INTEROPERABILITY HAS WITNESSED INCREASED ADOPTION DURING IV THERAPY TO REDUCE MEDICATION ERRORS
TABLE 39 DEVELOPMENTS IN SMART PUMP-EMR INTEROPERABILITY
TABLE 40 MARKET FOR INFUSION PUMPS, BY COUNTRY, 2019–2026 (USD MILLION)
9.5 OTHER APPLICATIONS
TABLE 41 MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019–2026 (USD MILLION)
10 MEDICAL DEVICE CONNECTIVITY MARKET, BY END USER (Page No. - 134)
10.1 INTRODUCTION
TABLE 42 MARKET, BY END USER, 2019–2026 (USD MILLION)
10.2 HOSPITALS
10.2.1 INCREASING PATIENT VISITS DUE TO COVID-19 AND RISING PURCHASING POWER OF HOSPITALS ARE DRIVING THE ADOPTION OF MEDICAL DEVICE CONNECTIVITY SOLUTIONS
TABLE 43 MARKET FOR HOSPITALS, BY COUNTRY, 2019–2026 (USD MILLION)
10.3 HOME HEALTHCARE CENTERS
10.3.1 GROWING BENEFITS AND ADOPTION OF TELEHEALTH SOLUTIONS ARE DRIVING MARKET GROWTH
TABLE 44 MEDICAL DEVICE CONNECTIVITY FOR HOME HEALTHCARE CENTERS, BY COUNTRY, 2019–2026 (USD MILLION)
10.4 AMBULATORY CARE CENTERS
10.4.1 RISING PATIENT VOLUME AT AMBULATORY CARE CENTERS IS DRIVING MARKET GROWTH
FIGURE 26 US: SURGICAL PROCEDURE VOLUME, BY SETTING: AMBULATORY SURGERY CENTERS VS. HOSPITALS (2005-2020)
TABLE 45 MARKET FOR AMBULATORY CARE CENTERS, BY COUNTRY, 2019–2026 (USD MILLION)
10.5 DIAGNOSTIC & IMAGING CENTERS
10.5.1 GROWING VOLUME OF MEDICAL DATA & RISING DEMAND DUE TO TECHNOLOGICAL IMPROVEMENTS IN IMAGING ARE DRIVING MARKET GROWTH
TABLE 46 MARKET FOR DIAGNOSTIC & IMAGING CENTERS, BY COUNTRY, 2019–2026 (USD MILLION)
11 MEDICAL DEVICE CONNECTIVITY MARKET, BY REGION (Page No. - 143)
11.1 INTRODUCTION
FIGURE 27 MARKET: GEOGRAPHIC SNAPSHOT (2020)
TABLE 47 MARKET, BY REGION, 2019–2026 (USD MILLION)
11.2 IMPACT OF COVID-19 ON THE MARKET
11.3 NORTH AMERICA
FIGURE 28 NORTH AMERICA: MARKET SNAPSHOT
TABLE 48 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 49 NORTH AMERICA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 50 NORTH AMERICA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 51 NORTH AMERICA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 52 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 53 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 54 NORTH AMERICA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.3.1 US
11.3.1.1 Advanced medical infrastructure and increasing healthcare expenditure to drive the market growth
TABLE 55 US: KEY MACROINDICATORS
TABLE 56 US: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 57 US: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 58 US: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 59 US: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 60 US: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 61 US: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.3.2 CANADA
11.3.2.1 Growing adoption of technologically advanced HCIT solutions to propel market growth in Canada
TABLE 62 CANADA: KEY MACROINDICATORS
TABLE 63 CANADA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 64 CANADA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 65 CANADA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 66 CANADA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 67 CANADA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 68 CANADA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4 EUROPE
TABLE 69 EUROPE: MEDICAL DEVICE CONNECTIVITY MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 70 EUROPE: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 71 EUROPE: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 72 EUROPE: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 73 EUROPE: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 74 EUROPE: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 75 EUROPE: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.1 GERMANY
11.4.1.1 Increasing health expenditure and growing network of hospitals in the country to drive the adoption of connectivity solutions and services
TABLE 76 GERMANY: KEY MACROINDICATORS
TABLE 77 GERMANY: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 78 GERMANY: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 79 GERMANY: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 80 GERMANY: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 81 GERMANY: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 82 GERMANY: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.2 FRANCE
11.4.2.1 High healthcare spending and favorable government initiatives to drive the demand for medical device connectivity solutions and services in France
TABLE 83 FRANCE: KEY MACROINDICATORS
TABLE 84 FRANCE: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 85 FRANCE: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 86 FRANCE: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 87 FRANCE: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 88 FRANCE: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 89 FRANCE: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.3 UK
11.4.3.1 Rising geriatric population & government initiatives to drive the adoption of medical device connectivity solutions in the UK
TABLE 90 UK: KEY MACROINDICATORS
TABLE 91 UK: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 92 UK: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 93 UK: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 94 UK: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 95 UK: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 96 UK: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.4 ITALY
11.4.4.1 Increasing adoption eHealth technologies to propel market growth
TABLE 97 ITALY: KEY MACROINDICATORS
TABLE 98 ITALY: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 99 ITALY: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 100 ITALY: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 101 ITALY: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 102 ITALY: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 103 ITALY: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.5 SPAIN
11.4.5.1 Focus on improving the healthcare infrastructure and growing number of COVID-19 cases to support the market growth
TABLE 104 SPAIN: KEY MACROINDICATORS
TABLE 105 SPAIN: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 106 SPAIN: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 107 SPAIN: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 108 SPAIN: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 109 SPAIN: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 110 SPAIN: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.6 REST OF EUROPE
TABLE 111 ROE: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 112 ROE: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 113 ROE: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 114 ROE: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 115 ROE: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 116 ROE: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.5 ASIA PACIFIC
FIGURE 29 APAC: MARKET SNAPSHOT
TABLE 117 APAC: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 118 APAC: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 119 APAC: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 120 APAC: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 121 APAC: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 122 APAC: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 123 APAC: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.5.1 JAPAN
11.5.1.1 Growing aging population in the country and focus towards improving the healthcare infrastructure to drive market growth
TABLE 124 JAPAN: KEY MACROINDICATORS
TABLE 125 JAPAN: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 126 JAPAN: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 127 JAPAN: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 128 JAPAN: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 129 JAPAN: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 130 JAPAN: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.5.2 CHINA
11.5.2.1 Healthcare development in the country and large patient pool due to the COVID-19 pandemic to drive the adoption of medical device connectivity solutions
TABLE 131 CHINA: KEY MACROINDICATORS
TABLE 132 CHINA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 133 CHINA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 134 CHINA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 135 CHINA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 136 CHINA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 137 CHINA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.5.3 INDIA
11.5.3.1 Increasing demand for healthcare IT solutions and growing investments in country’s healthcare infrastructure to support market growth
TABLE 138 INDIA: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 139 INDIA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 140 INDIA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 141 INDIA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 142 INDIA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 143 INDIA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.5.4 REST OF ASIA PACIFIC
TABLE 144 ROAPAC: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 145 ROAPAC: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 146 ROAPAC: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 147 ROAPAC: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 148 ROAPAC: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 149 ROAPAC: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.6 LATIN AMERICA
TABLE 150 LATIN AMERICA: MEDICAL DEVICE CONNECTIVITY MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 151 LATIN AMERICA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 152 LATIN AMERICA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 153 LATIN AMERICA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 154 LATIN AMERICA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 155 LATIN AMERICA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 156 LATIN AMERICA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.6.1 BRAZIL
11.6.1.1 Growing emphasis on reducing healthcare costs is driving the adoption of medical device connectivity solutions
TABLE 157 BRAZIL: KEY MACROINDICATORS
TABLE 158 BRAZIL: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 159 BRAZIL: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 160 BRAZIL: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 161 BRAZIL: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 162 BRAZIL: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 163 BRAZIL: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.6.2 MEXICO
11.6.2.1 Increasing demand and adoption of healthcare IT solutions to drive growth in the market in Mexico
TABLE 164 MEXICO: KEY MACROINDICATORS
TABLE 165 MEXICO: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 166 MEXICO: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 167 MEXICO: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 168 MEXICO: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 169 MEXICO: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 170 MEXICO: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.6.3 ARGENTINA
11.6.3.1 Rising demand for home care to drive the growth of the market in Argentina
TABLE 171 ARGENTINA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 172 ARGENTINA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 173 ARGENTINA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 174 ARGENTINA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 175 ARGENTINA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 176 ARGENTINA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.6.4 REST OF LATIN AMERICA (ROLA)
TABLE 177 ROLA: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 178 ROLA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 179 ROLA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 180 ROLA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 181 ROLA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 182 ROLA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.7 MIDDLE EAST & AFRICA
TABLE 183 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2019–2026 (USD MILLION)
TABLE 184 MIDDLE EAST & AFRICA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 185 MIDDLE EAST & AFRICA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 186 MIDDLE EAST & AFRICA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 187 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 188 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 189 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.7.1 SAUDI ARABIA
11.7.1.1 Rising focus on expanding and improving the present health infrastructure will drive the demand for medical device connectivity solutions in the region
TABLE 190 SAUDI ARABIA: KEY MACROINDICATORS
TABLE 191 SAUDI ARABIA: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 192 SAUDI ARABIA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 193 SAUDI ARABIA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 194 SAUDI ARABIA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 195 SAUDI ARABIA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 196 SAUDI ARABIA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.7.2 REST OF MIDDLE EAST & AFRICA
TABLE 197 ROMEA: MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION)
TABLE 198 ROMEA: MEDICAL DEVICE CONNECTIVITY SOLUTIONS MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 199 ROMEA: MEDICAL DEVICE CONNECTIVITY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 200 ROMEA: MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 201 ROMEA: MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 202 ROMEA: MARKET, BY END USER, 2019–2026 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 219)
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
FIGURE 30 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE MEDICAL DEVICE CONNECTIVITY MARKET
12.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS
FIGURE 31 REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET
12.4 MARKET SHARE ANALYSIS
12.4.1 GLOBAL MARKET SHARE, BY KEY PLAYER, 2020
TABLE 203 MARKET: DEGREE OF COMPETITION
12.4.2 JAPAN: MARKET SHARE, BY KEY PLAYER, 2020
12.4.3 SAUDI ARABIA: MARKET SHARE, BY KEY PLAYER, 2020
12.4.4 MARKET SHARE IN NORDIC COUNTRIES, BY KEY PLAYER, 2020
12.5 COMPETITIVE BENCHMARKING
TABLE 204 FOOTPRINT OF COMPANIES IN THE MARKET
TABLE 205 COMPANY PRODUCT & SERVICE OFFERING FOOTPRINT (20 COMPANIES)
TABLE 206 COMPANY END-USER FOOTPRINT (20 COMPANIES)
TABLE 207 COMPANY REGION FOOTPRINT (20 COMPANIES)
12.6 COMPETITIVE LEADERSHIP MAPPING
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
FIGURE 32 MARKET: COMPETITIVE LEADERSHIP MAPPING (2020)
12.7 COMPETITIVE LEADERSHIP MAPPING FOR OTHER COMPANIES
12.7.1 PROGRESSIVE COMPANIES
12.7.2 DYNAMIC COMPANIES
12.7.3 STARTING BLOCKS
12.7.4 RESPONSIVE COMPANIES
FIGURE 33 MEDICAL DEVICE CONNECTIVITY MARKET: COMPETITIVE LEADERSHIP MAPPING FOR OTHER COMPANIES (2020)
12.8 COMPETITIVE SCENARIO
12.8.1 PRODUCT/SERVICE LAUNCHES & APPROVALS
TABLE 208 PRODUCT/SERVICE LAUNCHES & APPROVALS, 2018–2021
12.8.2 DEALS
TABLE 209 DEALS, 2018–2021
12.8.3 OTHER DEVELOPMENTS
TABLE 210 OTHER DEVELOPMENTS, 2018–2021
13 COMPANY PROFILES (Page No. - 235)
13.1 KEY PLAYERS
(Business Overview, Products & Services, Recent Developments, and MNM View)*
13.1.1 KONINKLIJKE PHILIPS N.V.
TABLE 211 KONINKLIJKE PHILIPS N.V.: BUSINESS OVERVIEW
FIGURE 34 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2020)
13.1.2 CERNER CORPORATION
TABLE 212 CERNER CORPORATION: BUSINESS OVERVIEW
FIGURE 35 CERNER CORPORATION: COMPANY SNAPSHOT (2020)
13.1.3 GE HEALTHCARE
TABLE 213 GE HEALTHCARE: BUSINESS OVERVIEW
FIGURE 36 GE HEALTHCARE: COMPANY SNAPSHOT (2020)
13.1.4 MASIMO CORPORATION
TABLE 214 MASIMO CORPORATION: BUSINESS OVERVIEW
FIGURE 37 MASIMO CORPORATION: COMPANY SNAPSHOT (2020)
13.1.5 MEDTRONIC PLC
TABLE 215 MEDTRONIC PLC: BUSINESS OVERVIEW
FIGURE 38 MEDTRONIC PLC: COMPANY SNAPSHOT (2020)
13.1.6 CISCO SYSTEMS
TABLE 216 CISCO SYSTEMS: BUSINESS OVERVIEW
FIGURE 39 CISCO SYSTEMS: COMPANY SNAPSHOT (2020)
13.1.7 IHEALTH LABS INC.
TABLE 217 IHEALTH LABS: BUSINESS OVERVIEW
13.1.8 LANTRONIX
TABLE 218 LANTRONIX: BUSINESS OVERVIEW
FIGURE 40 LANTRONIX: COMPANY SNAPSHOT (2020)
13.1.9 INFOSYS
TABLE 219 INFOSYS: BUSINESS OVERVIEW
FIGURE 41 INFOSYS: COMPANY SNAPSHOT (2020)
13.1.10 S3 CONNECTED HEALTH
TABLE 220 S3 CONNECTED HEALTH: BUSINESS OVERVIEW
13.1.11 SPECTRUM MEDICAL LTD.
TABLE 221 SPECTRUM MEDICAL LTD.: BUSINESS OVERVIEW
13.1.12 HILL-ROM HOLDINGS INC.
TABLE 222 HILL-ROM HOLDINGS INC.: BUSINESS OVERVIEW
FIGURE 42 HILL-ROM HOLDINGS INC.: COMPANY SNAPSHOT (2020)
13.1.13 IATRIC SYSTEMS, INC.
TABLE 223 IATRIC SYSTEMS INC.: BUSINESS OVERVIEW
13.1.14 SILEX TECHNOLOGY, INC.
TABLE 224 SILEX TECHNOLOGY, INC.: BUSINESS OVERVIEW
13.1.15 DIGI INTERNATIONAL INC.
TABLE 225 DIGI INTERNATIONAL INC.: BUSINESS OVERVIEW
FIGURE 43 DIGI INTERNATIONAL INC.: COMPANY SNAPSHOT (2020)
13.1.16 TRUE PROCESS (A SUBSIDIARY OF BAXTER INTERNATIONAL)
TABLE 226 BAXTER INTERNATIONAL INC.: BUSINESS OVERVIEW
FIGURE 44 BAXTER INTERNATIONAL INC.: COMPANY SNAPSHOT (2020)
13.1.17 TE CONNECTIVITY LTD.
TABLE 227 TE CONNECTIVITY LTD.: BUSINESS OVERVIEW
FIGURE 45 TE CONNECTIVITY LTD.: COMPANY SNAPSHOT (2020)
13.1.18 BRIDGE-TECH MEDICAL, INC.
TABLE 228 BRIDGE-TECH MEDICAL, INC.: BUSINESS OVERVIEW
13.1.19 MEDICOLLECTOR LLC
TABLE 229 MEDICOLLECTOR LLC: BUSINESS OVERVIEW
13.1.20 STRYKER CORPORATION
TABLE 230 STRYKER CORPORATION: BUSINESS OVERVIEW
FIGURE 46 STRYKER CORPORATION: COMPANY SNAPSHOT (2020)
13.2 OTHER PLAYERS
13.2.1 DRÄGERWERK AG & CO. KGAA: COMPANY OVERVIEW
13.2.2 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
13.2.3 ASCOM HOLDINGS AG: COMPANY OVERVIEW
13.2.4 WIPRO LIMITED: COMPANY OVERVIEW
13.2.5 OSI SYSTEMS, INC.: COMPANY OVERVIEW
*Details on Business Overview, Products & Services, Recent Developments, and MNM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 291)
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
This research study involved the use of comprehensive secondary sources; directories and databases such as D&B, Bloomberg Business, and Factiva; and white papers, annual reports, and company house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the global medical device connectivity market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, technology perspectives, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the medical device connectivity market. The primary sources from the demand side include key executives from hospitals, private health clinics, ambulatory care settings, imaging and diagnostic services, assisted living and long-term care.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (segmental analysis of major segments) and top-down approach (assessment of utilization/adoption/penetration trends, by product & service, technology, application, end user, and region).
Data Triangulation
After arriving at the market size, the total medical device connectivity market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation, and market breakdown procedures were employed, wherever applicable.
Objectives of the Study
- To define, describe, segment, and forecast the medical device connectivity market by product & services, technology, application, end – users and by region.
- To provide detailed information about the factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market device connectivity market in five main regions (along with their respective key countries), namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players in the market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments such as acquisitions, product launches, expansions, collaborations, agreements, partnerships, and R&D activities of the leading players in the market
- To benchmark players within the market using the Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business strategy, market share, and product offering
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Geographic Analysis
- Further breakdown of the Rest of Europe market into Switzerland, Denmark, Norway, and others
- Further breakdown of the Rest of Asia Pacific market into South Korea, Australia, New Zealand, and others
- Further breakdown of the Rest of the Middle East & Africa market into UAE and others
Generating Response ...
Growth opportunities and latent adjacency in Medical Device Connectivity Market