(EMAILWIRE.COM, December 29, 2018 ) Report “Medical Device Connectivity Market – Forecast to 2021”, The global medical device connectivity market is projected to reach USD 1,344.1 Million by 2021, at a growth rate of around 26% during forecast period. Geographically, medical device connectivity market segmented into North America, Europe, Asia-Pacific, & Rest of the World.
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Geographically, North America has been the largest and fastest growing market for medical device connectivity, owing to better accessibility to technologies, increasing demand for eHealth solutions, increasing funding for innovation in medical sector, increasing focus on quality of care and patient safety, and increasing government initiatives and support in the region. The U.S. contributed largest revenue to the North American as well as global medical device connectivity market.
The global 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.
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Medical devices connectivity services segment accounted for largest share of market. Medical device connectivity solutions segment expected to grow at a higher CAGR of around 28% during forecast period. This growth can be attributed to factors like increased adoption of EHRs and other interoperability solutions in healthcare organizations, growing regulatory requirements & healthcare reforms, shift of point-of-care diagnostics from hospital to home care settings.
Major share of this region can be attributed to better accessibility to technologies, strong government support and initiatives, increasing need for data analytics in healthcare, increasing implementation of EHRs.
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Key insights and market sizing for the different end users of the medical device connectivity market namely, hospitals & clinics, home healthcare, and diagnostic & imaging centers. It provides key insights on market dynamics, such as drivers, restraints, opportunities, and challenges for this market.
Target Audience of Medical Devices Connectivity Market is as Follows:
Hospitals and Clinics
Medical Research and Development (R&D) Companies
Healthcare IT Companies
Medical Device Companies
Medical Devices Connectivity Solutions Vendors
Imaging and Diagnostic Centers
Market Research and Consulting Firms
Venture Capitalists and Investors
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