Medical Device Connectivity Market Size & Growth [2027]

 Medical Device Connectivity Market Overview

The increased saturation rates achieved by electronic health records is expected to galvanize the development of the medical device connectivity market. Reports that assess the Healthcare IT industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts. The market is poised to attain a CAGR of 16.1% roughly in the duration of the forecast period.

Medical device connectivity market size is projected to register a valuation of USD 3.8 billion by 2027, at a CAGR of 25.2% over the forecast period.

The expansion of health information exchange systems in healthcare organizations is creating a favorable impetus for the expansion of the medical device connectivity market.  Furthermore, the infiltration of EHRs via the partnership between IT service contributors and healthcare service suppliers. The development of a unified platform to generate uniformities by the reorganization of physician workflows is expected to unlock increased growth potential for the market in the impending years.

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Medical Device Connectivity Market Segmentation

The segmental assessment of the medical device connectivity market is carried out on the basis of technology, products, and services, region, and end-user. On the basis of products and services, the market for medical device connectivity is segmented into medical device connectivity services and medical device connectivity solutions. On the basis of technology, the market for medical device connectivity is segmented into wireless technologies, wired technologies, and hybrid technologies. Based on end-user, the medical device connectivity market is segmented into home healthcare, hospitals, diagnostic centers, ambulatory care centers, and others. By region, the medical device connectivity market is segmented into the Asia Pacific, the Americas, the Middle East, Europe, and Africa.

Medical Device Connectivity Market Regional Analysis

The regional assessment of the medical device connectivity market includes regions such as the Asia Pacific, the Americas, the Middle East, Europe, and Africa. The North American region’s medical device connectivity market has been the primary choice for the deployment of medical device connectivity solutions owing to the presence of a well-known healthcare system and technology improvements. The European region holds the subsequent principal market segment. The progress of the region is accredited to the growing use of medical device connectivity solutions and services, which raises the efficiency of the healthcare workforce and systems. The Asia Pacific region is anticipated to develop at a quicker pace throughout forecast period due to a huge number of emerging countries such as India and Malaysia, among others which are progressively deploying medical device connectivity solutions for better healthcare and instructing people about awareness. On the other hand, the Middle East and African region possesses the lowest market segment of the medical device connectivity market, owing to reduced accessibility to funds and restricted availability of medical facilities which are extra in regions such as Europe, the Americas, and the Asia Pacific.

Medical Device Connectivity Market Players

·         Globus Medical, Inc. (U.S.)

·         Depuy Synthes Inc. (Johnson & Johnson) (U.S.)

·         Smith & Nephew plc. (UK)

·         NuVasive, Inc. (U.S.)

·         Stryker Corporation (U.S.)

·         Integra LifeSciences Holdings Corporation (U.S.)

·         Zimmer Biomet Holdings, Inc. (U.S.)

·         Medtronic, plc (Ireland)

·         Wright Medical Group N.V. (Netherlands)

·         The Orthopedic Implant Company (U.S.)

·         Aesculap Implant Systems (U.S.)

·         Conmed Corporation (U.S.)

·         BioTek Instruments, Inc. (U.S.)

·         Arthrocare Corporation (U.S.)

among others are some key companies in the global medical device connectivity that are listed by MRFR for market research.

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