HOME Top Market Reports Medical Device Connectivity Market by Product (Integration Solutions, Interface Devices, Telemetry, Connectivity Hub, Services) Technology (Wired, Wireless, Hybrid) End User (Hospitals, Home, Ambulatory Care, Diagnostic Centres) - Global Forecast to 2023

Medical Device Connectivity Market by Product (Integration Solutions, Interface Devices, Telemetry, Connectivity Hub, Services) Technology (Wired, Wireless, Hybrid) End User (Hospitals, Home, Ambulatory Care, Diagnostic Centres) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: HIT 4666

 

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The medical device connectivity market is projected to reach USD 2,670.3 Million by 2023 from USD 763.1 Million in 2017, at a CAGR of 23.2% from 2018 to 2023. Rising healthcare costs, the growing adoption of electronic medical records, strong government support and initiatives, increasing need for data analytics in healthcare, and growing focus on the quality of care and patient safety are the factors driving the market connectivity across the globe.

Years considered for this report

  • 2017 – Base Year
  • 2018 – Estimated Year
  • 2023 – Projected Year

Objectives of the Study

  • To define, describe, and forecast the global market by product and service, technology, end user, and region
  • To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, challenges, and trends)
  • 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 market players
  • To forecast the size of the market, in four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To profile key players in the global market and comprehensively analyze their core competencies and market shares
  • To track and analyze competitive developments such as expansions, partnerships, and alliances; mergers and acquisitions; product/technology developments; and research and development activities of the leading players in the market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global medical device connectivity market and estimate the size of various other dependent submarkets. Major players in the market were identified through secondary sources; directories; databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource; journals; and publications from associations such as American Health Information Management Association and Ohio Health Information Management Association; and their market revenues were determined through primary and secondary research. Primary research included extensive interviews with the key opinion leaders such as CEOs, directors, and marketing executives. The percentage splits, shares, and breakdowns of the product markets were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Medical Device Connectivity Market

To know about the assumptions considered for the study, download the pdf brochure

The global medical device connectivity market is fragmented and highly competitive, it consists of several large to medium-sized companies that compete with each other for increasing their foothold in different segments of the market. The top five players operating in this market include Qualcomm Life (US), Cerner Corporation (US), GE Healthcare (US), Philips (Netherlands), and NantHealth (US). Other leading players in this market include Medtronic (Ireland), Cisco Systems (US), Infosys Limited (India), Digi International (US), Bernoulli Enterprise (US), and Lantronix Inc (US). The market has numerous large and medium players operating at both global and regional levels as well. The leading players are continuously developing new and innovative services to maintain their shares in the global market.

Target Audience

  • Hospitals and clinics
  • Home care agencies
  • Assisted-living facilities and home-settings
  • Diagnostic & imaging centers
  • Pharmacies
  • Government bodies
  • Healthcare payers

Scope of the Report

Global Medical Device Connectivity Market

This research report categorizes the global market into the following segments and subsegments:

  • Global Medical Device Connectivity Market, By Type
    • Medical Device Connectivity Solutions
      • Medical Device Integration Solutions
      • Connectivity Hubs
      • Interface Devices
      • Telemetry Systems
    • Medical Devices Connectivity Services
      • Support & Maintenance Services
      • Implementation & Integration Services
      • Training Services
  • Global Medical Device Connectivity Market, By Technology
    • Wireless
    • Wired
    • Hybrid
  • Global Medical Device Connectivity Market, By End User
    • Hospitals
    • Home Healthcare
    • Imaging & Diagnostic Centers
    • Ambulatory Care Centers
  • Global Medical Device Connectivity Market, by Region
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
    • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

  • Geographic Analysis
    • Further breakdown of the Rest of Europe medical device connectivity market into the Netherlands, Sweden, Switzerland, Russia, and others
    • Further breakdown of the Rest of Asia Pacific medical device connectivity market into India and Australia
  • Company Information
    • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Medical Device Connectivity Market: Overview
    4.2 Global Market, By End User & Region
    4.3 Geographical Snapshot of the Global Market
    4.4 Global Market: Regional Mix
    4.5 Medical Device Connectivity Solutions Market, By Type (2018 vs 2023)

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Penetration of EHRs & Health Information Exchange Systems in Healthcare Organizations
                    5.2.1.2 Growing Focus on Care Quality and Patient Safety
                    5.2.1.3 Healthcare It Initiatives Driving the Integration of Medical Devices With Hospital Information Systems
                    5.2.1.4 Growing Need to Curtail Healthcare Costs Through A Connected Healthcare Environment
                    5.2.1.5 Medical Device Connectivity Aids in Data Analytics
           5.2.2 Restraints
                    5.2.2.1 High Cost of Deployment for Small Healthcare Organizations
                    5.2.2.2 Reluctance Among Medical Professionals to Adopt Advanced Healthcare It Solutions
           5.2.3 Opportunities
                    5.2.3.1 Increasing Consolidation in the Healthcare Industry
                    5.2.3.2 Growing Telehealth and Remote Patient Monitoring Markets
           5.2.4 Challenges
                    5.2.4.1 Integration Between Various Hospital Information Systems and Medical Devices
                    5.2.4.2 Security Concerns and Risk of Data Breaches

6 Industry Insights (Page No. - 51)
    6.1 Introduction
    6.2 Industry Trends
           6.2.1 Growing Need for Semantic Interoperability Through Medical Device Connectivity Solutions
           6.2.2 Transition of Poc Diagnostics From Hospital to Home Settings
           6.2.3 Growing Adoption of Telehealth Solutions
           6.2.4 Shift From Payment-For-Performance to Payment-For-Outcomes Boosting Demand for Medical Device Connectivity Solutions
           6.2.5 Low-Power Connectivity Solutions and Advancement of Software Architecture
           6.2.6 M2m Communications & Artificial Intelligence Boom in Healthcare
    6.3 Vendor Benchmarking
    6.4 Interoperability Standards
    6.5 Regulatory Analysis
    6.6 Pricing Analysis

7 Medical Device Connectivity Market, By Product & Service (Page No. - 63)
    7.1 Introduction
    7.2 Medical Device Connectivity Solutions
           7.2.1 Medical Device Integration Solutions
           7.2.2 Telemetry Systems
           7.2.3 Connectivity Hubs
           7.2.4 Interface Devices
    7.3 Medical Device Connectivity Services
           7.3.1 Support & Maintenance Services
           7.3.2 Implementation & Integration Services
           7.3.3 Training Services

8 Medical Device Connectivity Market, By Technology (Page No. - 81)
    8.1 Introduction
    8.2 Wired Technologies
    8.3 Wireless Technologies
    8.4 Hybrid Technologies

9 Medical Device Connectivity Market, By End User (Page No. - 89)
    9.1 Introduction
    9.2 Hospitals
    9.3 Home Healthcare
    9.4 Ambulatory Care Centers
    9.5 Imaging and Diagnostic Centers

10 Medical Device Connectivity Market, By Region (Page No. - 98)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 Asia Pacific
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 150)
     11.1 Introduction
     11.2 Strategic Benchmarking
     11.3 Market Share Analysis
             11.3.1 North America
             11.3.2 Europe
             11.3.3 Asia Pacific
     11.4 Competitive Situations and Trends
             11.4.1 Partnerships, Agreements, Alliances, & Collaborations
             11.4.2 Product Launches and Enhancements
             11.4.3 Acquisitions & Mergers
             11.4.4 Expansions

12 Company Profiles (Page No. - 162)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     12.1 Qualcomm
     12.2 Cerner
     12.3 GE Healthcare
     12.4 Philips
     12.5 Bernoulli Enterprise
     12.6 Medtronic
     12.7 Cisco Systems
     12.8 Nanthealth
     12.9 Infosys
     12.10 Lantronix
     12.11 True Process
     12.12 Ihealth Lab

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 194)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (117 Tables)

Table 1 Medical Device Connectivity Market Snapshot
Table 2 Drivers: Impact Analysis
Table 3 Restraints: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenges: Impact Analysis
Table 6 Product Portfolio Analysis: Medical Device Connectivity Market
Table 7 Key Standards for Interoperability in the Digital Health Spectrum
Table 8 Qualitative Analysis of Widely Used Data Transmission Standards in the Digital Health Spectrum
Table 9 Key Regulations & Standards Governing Medical Device Connectivity Solutions
Table 10 Pricing Model: Medical Device Connectivity Solutions
Table 11 Pricing Model: Medical Device Connectivity Solutions
Table 12 Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 13 Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 14 Medical Device Connectivity Solutions Market, By Country, 2016–2023 (USD Million)
Table 15 Medical Device Integration Solutions Offered By Key Market Players
Table 16 Global Medical Device Integration Solutions Market, By Region, 2016–2023 (Number of Installations)
Table 17 Medical Device Integration Solutions Market, By Country, 2016–2023 (USD Million)
Table 18 Telemetry Systems Offered By Key Market Players
Table 19 Telemetry Systems Market, By Country, 2016–2023 (USD Million)
Table 20 Connectivity Hubs Offered By Key Market Players
Table 21 Global Connectivity Hubs Market, By Region, 2016–2023 (Number of Installations)
Table 22 Connectivity Hubs Market, By Country, 2016–2023 (USD Million)
Table 23 Interface Devices Offered By Key Market Players
Table 24 Global Interface Devices Market, By Region, 2016–2023 (Number of Installations)
Table 25 Interface Devices Market, By Country, 2016–2023 (USD Million)
Table 26 Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 27 Medical Device Connectivity Services Market, By Country, 2016–2023 (USD Million)
Table 28 Support & Maintenance Services Market, By Country, 2016–2023 (USD Million)
Table 29 Implementation & Integration Services Market, By Country, 2016–2023 (USD Million)
Table 30 Training Services Market, By Country, 2016–2023 (USD Million)
Table 31 Medical Device Connectivity Market, By Technology, 2016–2023 (USD Million)
Table 32 Global Market for Wired Technologies, By Country, 2016–2023 (USD Million)
Table 33 Global Market for Wireless Technologies, By Country, 2016–2023 (USD Million)
Table 34 Global Market for Hybrid Technologies, By Country, 2016–2023 (USD Million)
Table 35 Global Market, By End User, 2016–2023 (USD Million)
Table 36 Global Market for Hospitals, By Country, 2016–2023 (USD Million)
Table 37 Medical Device Connectivity Market for Home Healthcare, By Country, 2016–2023 (USD Million)
Table 38 Global Market for Ambulatory Care Settings, By Country, 2016–2023 (USD Million)
Table 39 Global Market for Imaging and Diagnostic Centers, By Country, 2016–2023 (USD Million)
Table 40 Global Market, By Region, 2016–2023 (USD Million)
Table 41 North America: Medical Device Connectivity Market, By Country, 2016–2023 (USD Million)
Table 42 North America: Market, By Product & Service, 2016–2023 (USD Million)
Table 43 North America: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 44 North America: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 45 North America: Market, By Technology, 2016–2023 (USD Million)
Table 46 North America: Market, By End User, 2016–2023 (USD Million)
Table 47 US: Key Macroindicators
Table 48 US: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 49 US: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 50 US: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 51 US: Market, By Technology, 2016–2023 (USD Million)
Table 52 US: Market, By End User, 2016–2023 (USD Million)
Table 53 Canada: Key Macroindicators
Table 54 Canada: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 55 Canada: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 56 Canada: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 57 Canada: Market, By Technology, 2016–2023 (USD Million)
Table 58 Canada: Market, By End User, 2016–2023 (USD Million)
Table 59 Europe: Medical Device Connectivity Market, By Country, 2016–2023 (USD Million)
Table 60 Europe: Market, By Product & Service, 2016–2023 (USD Million)
Table 61 Europe: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 62 Europe: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 63 Europe: Market, By Technology, 2016–2023 (USD Million)
Table 64 Europe: Market, By End User, 2016–2023 (USD Million)
Table 65 Germany: Key Macroindicators
Table 66 Germany: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 67 Germany: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 68 Germany: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 69 Germany: Market, By Technology, 2016–2023 (USD Million)
Table 70 Germany: Market, By End User, 2016–2023 (USD Million)
Table 71 UK: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 72 UK: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 73 UK: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 74 UK: Market, By Technology, 2016–2023 (USD Million)
Table 75 UK: Market, By End User, 2016–2023 (USD Million)
Table 76 France: Key Macroindicators
Table 77 France: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 78 France: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 79 France: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 80 France: Market, By Technology, 2016–2023 (USD Million)
Table 81 France: Market, By End User, 2016–2023 (USD Million)
Table 82 Italy: Key Macroindicators
Table 83 Italy: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 84 Italy: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 85 Italy: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 86 Italy: Market, By Technology, 2016–2023 (USD Million)
Table 87 Italy: Market, By End User, 2016–2023 (USD Million)
Table 88 Spain: Key Macroindicators
Table 89 Spain: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 90 Spain: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 91 Spain: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 92 Spain: Market, By Technology, 2016–2023 (USD Million)
Table 93 Spain: Market, By End User, 2016–2023 (USD Million)
Table 94 RoE: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 95 RoE: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 96 RoE: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 97 RoE: Market, By Technology, 2016–2023 (USD Million)
Table 98 RoE: Market, By End User, 2016–2023 (USD Million)
Table 99 Japan: Key Macroindicators
Table 100 China: Key Macroindicators
Table 101 Asia Pacific: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 102 Asia Pacific: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 103 Asia Pacific: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 104 Asia Pacific: Market, By Technology, 2016–2023 (USD Million)
Table 105 Asia Pacific: Market, By End User, 2016–2023 (USD Million)
Table 106 Brazil: Key Macroindicators
Table 107 Mexico: Key Macroindicators
Table 108 RoW: Medical Device Connectivity Market, By Product & Service, 2016–2023 (USD Million)
Table 109 RoW: Medical Device Connectivity Solutions Market, By Type, 2016–2023 (USD Million)
Table 110 RoW: Medical Device Connectivity Services Market, By Type, 2016–2023 (USD Million)
Table 111 RoW: Market, By Technology, 2016–2023 (USD Million)
Table 112 RoW: Market, By End User, 2016–2023 (USD Million)
Table 113 Growth Strategy Matrix (January 2015–January 2018)
Table 114 Partnerships, Agreements, & Collaborations, January 2015 to February 2018
Table 115 Product Launches and Enhancements, January 2015 to February 2018
Table 116 Acquisitions and Mergers, January 2015 to February 2018
Table 117 Expansions, January 2015 to February 2018


List of Figures (50 Figures)

Figure 1 Medical Device Connectivity Market
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Global Market, By Product and Service, 2018 vs 2023 (USD Million)
Figure 7 Medical Device Connectivity Solutions Market, By Type, 2018 vs 2023 (USD Million)
Figure 8 Medical Device Connectivity Market, By Technology, 2018 vs 2023
Figure 9 Hospitals Dominated the Global Market in 2017
Figure 10 North America Dominated the Global Market in 2017
Figure 11 The Increasing Implementation of EHRs and Health Information Exchange Systems is the Key Driver for This Market
Figure 12 Hospitals Accounted for the Largest Market Share in 2017
Figure 13 The Largest Share in Medical Device Connectivity Market in 2017
Figure 14 North America to Register the Highest CAGR During the Forecast Period
Figure 15 Medical Device Integration Solutions to Register the Highest Growth Rate During the Forecast Period
Figure 16 Medical Device Connectivity Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Hospital EMR Adoption Model in the Us, 2015 vs 2017
Figure 18 Hospital EMR Adoption Model in Canada, 2017
Figure 19 Hospital EMR Adoption Model in European Countries (Till September 2016)
Figure 20 EMR and HIE Adoption in Europe, By Country, 2017
Figure 21 Asia Pacific: EMR & EHR Adoption Rates (2012 vs 2015)
Figure 22 Healthcare Spending (2016) vs Annual Increase in Current Expenditure on Health (2015–2016)
Figure 23 Hospital Mergers & Acquisitions in the Us, 2008–2016
Figure 24 Medical Device Connectivity Market: Vendor Benchmarking
Figure 25 Medical Device Connectivity Solutions Continue to Dominate During the Forecast Period
Figure 26 Medical Device Integration Solutions to Dominate the Medical Device Connectivity Solutions Market in 2018
Figure 27 Wireless Technologies Segment to Register the Highest Growth Rate During the Forecast Period
Figure 28 Hospitals are Estimated to Be the Largest End Users of Medical Device Connectivity Solutions During the Forecast Period
Figure 29 Geographical Snapshot of the Global Medical Device Connectivity Market
Figure 30 North America: Market Snapshot
Figure 31 Hospital EMR Adoption Model in the Us, 2015 vs 2017
Figure 32 Hospital EMR Adoption Model in Canada, 2017
Figure 33 Europe: Market Snapshot
Figure 34 Hospital EMR Adoption Model in European Countries (Till September 2016)
Figure 35 Asia Pacific: EMR & EHR Adoption Rates (2012 vs 2015)
Figure 36 Asia Pacific: Market Snapshot
Figure 37 Key Developments in theGlobal Market Between Jan 2015 & Feb 2018
Figure 38 Increasing Focus of Market Players on Agreements, Collaborations, and Partnerships
Figure 39 North America: Medical Device Conenctivity Market Share Analysis, By Key Player, 2017
Figure 40 Europe: Medical Device Connectivity Market Share Analysis, By Key Player, 2017
Figure 41 Asia Pacific: Medical Device Connectivity Market Share Analysis, By Key Player, 2017
Figure 42 Qualcomm: Company Snapshot (2017)
Figure 43 Cerner: Company Snapshot (2017)
Figure 44 GE Healthcare: Company Snapshot (2017)
Figure 45 Philips: Company Snapshot (2017)
Figure 46 Medtronic: Company Snapshot (2017)
Figure 47 Cisco Systems: Company Snapshot (2017)
Figure 48 Nanthealth: Company Snapshot (2017)
Figure 49 Infosys: Company Snapshot (2017)
Figure 50 Lantronix: Company Snapshot (2017)

The medical device connectivity market is projected to reach USD 2,670.3 Million by 2023 from USD 939.4 Million in 2018, at a CAGR of 23.2%. The growth in this market is attributed to the increasing penetration of EHRs & health information exchange systems in healthcare organizations, growing focus on care quality and patient safety, healthcare IT initiatives driving the integration of medical devices with hospital information systems, and the growing need to curtail healthcare costs through a connected healthcare environment.

The medical device connectivity market in this report is segmented by product & service, technology, and end user. This report also provides market information on major regional segments of the market, namely, North America, Europe, Asia Pacific, and the Rest of the World.

Based on product and service, medical device connectivity solutions dominated the market in 2017. The large share of the medical device connectivity solutions segment can be attributed to the growing digitization in the health continuum, increased adoption rate adoption of EHRs and other interoperability solutions in healthcare organizations in emerging countries, and the increasing need to curtail healthcare costs while delivering quality patient care.

By technology, the wired technologies segment accounted for the largest share of the medical device connectivity market in 2017. This dominant share is mainly attributed to the various advantages offered by wired solutions such as better physical control, enhanced data security and reliability, and high-speed networked connectivity.

On the basis of end users, the global market is segmented into hospitals, imaging and diagnostic centers, home healthcare, and ambulatory care settings. In 2017, the hospitals segment accounted for the largest share of the global medical device connectivity market. The growth in this end-user segment can be attributed to factors such as the improving healthcare infrastructure in Asia Pacific, rising need to improve the operational efficiency of healthcare organizations, and improving patient and financial outcomes.

Medical Device Connectivity Market

In 2017, North America dominated the global medical device connectivity market. Growth in this market can mainly be attributed to the strong IT infrastructure in the region, increasing investments and regulatory mandates favoring the implementation of eHealth solutions, presence of large healthcare IT companies, and increasing need to curtail healthcare costs. The North America region is also expected to grow at the highest CAGR during the forecast period.

However, various interoperability issues, lack of standard interfaces, and the high cost of ownership of these systems are some of the factors that are likely to hinder the growth of the global market to a certain extent.

The players in the medical device connectivity market include GE Healthcare (US), Qualcomm (US), Cerner (US), Philips (Netherlands), Medtronic (Ireland), Cisco Systems (US), Infosys Limited (India), Digi International (US), NantHealth (US), Bernoulli Enterprise (US), True Process (US), iHealth Labs (US), and Lantronix (US).

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