Growth Forecast for Medical Device Connectivity Market 2020-2027
Medical device connectivity consists of establishment of connection of multiple medical devices. For instance, patient monitors need to be connected with information systems in order to keep a track of patients condition all the time remotely. These connections also need to be maintained all the time to have smooth flow of operations in clinical care.
Implementation of standard regulations for the use of MDC in the healthcare sector is expected to propel growth of the global medical device connectivity market over the forecast period. For instance, in March 2020, The U.S. Department of Health and Human Services finalized the two sets of rules that fulfill the interoperability and information-blocking provisions of the landmark 21st Century Cures Act. The rules will govern how providers, payers and technology vendors must design their systems to give patients safe and secure access to their digital health data.
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Moreover, collaborations to develop digital therapeutic solutions using connected devices is also expected to aid in growth of the market. For instance, in June 2020, SMi Group announces that AstraZeneca will lead a pre-conference workshop at Wearable Injectors and Connected Devices Conference 2020 on 6th October in London.
Wired hardware held dominant position in the global medical device connectivity market in 2019, accounting for 42.5% share in terms of value, followed by software and Wireless hardware, respectively
Initiatives to enhance internet connectivity is expected to offer lucrative growth opportunities for players in the global medical device connectivity market. For instance, in May 2019, SpaceX launched the first 60 operational satellites of its network of satellites called Starlink that is tasked to provide satellite Internet access.
Moreover, increasing prevalence of Covid-19 is also expected to aid in growth of the market. For instance, as of June 8, 2020, there have been 6,931,000 confirmed cases of COVID-19, including 400,857 deaths, as reported to the World Health Organization.
The global medical device connectivity market was valued at US$ 33,500.0 Mn in 2019 and is forecast to reach a value of US$ 122,271.5 Mn by 2027 at a CAGR of 17.6% between 2020 and 2027.
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Detailed Segmentation
By Component:
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- Wired hardware
- Wireless hardware
- Wi-Fi
- WMTS
- Bluetooth
- Software
By End User:
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- Hospitals
- Home healthcare
- Others
Reasons to Purchase this Report
Current and future of global Medical Device Connectivity market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Medical Device Connectivity product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Medical Device Connectivity , with price, sales, revenue and global market share of Medical Device Connectivity in 2018 and 2020.
Chapter 3, the Medical Device Connectivity market trends competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Medical Device Connectivity breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2016 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2016 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2016 to 2020.
Chapter 12, Medical Device Connectivity market forecast, by regions, type and application, with sales and revenue, from 2020 to 2027.
Chapter 13, 14 and 15, to describe Medical Device Connectivity sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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The post Medical Device Connectivity Market, By Component (Wired hardware, Wireless hardware (Wi-Fi, WMTS, Bluetooth), Software), Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027 appeared first on Gatorledger.
