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Global Medical Device Connectivity Market Growth Prospects and Insights on Future Scenario 2020-2026||Koninklijke Philips N.V.; iHealth Labs Inc.; Capsule Technologies, Inc.; Baxter; Cerner Corporation; Bernoulli

Global medical device connectivity market is expected to rise to an estimated value of USD 10.54 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising adoption of remote monitoring capabilities in healthcare services along with increasing the quality of services and safety of patients.

The report gives CAGR values along with its fluctuations for the particular time frame. The report contains through and through investigation and assessment of different market related elements that are extraordinarily crucial for better dynamic. The Medical Device Connectivity report gives exhaustive clarification of market definition, market division, serious examination and key improvements in the business. This Medical Device Connectivity statistical surveying report is outlined with the most excellent and complex tools of gathering, recording, assessing and investigating market information. Medical Device Connectivity market report includes information that can be pretty basic when it is tied in with ruling the market or making an imprint in the market as a most recent emanant.

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Few of the major competitors currently working in the global medical device connectivity market are GENERAL ELECTRIC COMPANY; Cisco; Koninklijke Philips N.V.; iHealth Labs Inc.; Capsule Technologies, Inc.; Baxter; Cerner Corporation; Bernoulli; Medtronic; Silex Technology, Inc.; McKesson Corporation; NantHealth, Inc.; Infosys Limited; Lantronix, Inc.; Spectrum Medical; Digi International Inc.; Siemens Healthcare GmbH; eDevice and Drägerwerk AG & Co. KGaA.

Key Developments in the Market:

  • In February 2019, Francisco Partners announced that they had acquired Qualcomm’s business operation branded as “Qualcomm Life”. The acquired operations deal in providing end-to-end medical device connectivity across the different stages of healthcare services. The business operations will be divided into two organizations namely, “Capsule Technologies, Inc.” and “2net”. Capsule will provide connectivity capabilities of medical devices to hospitals while 2net will focus on providing a mobile platform for medical services.
  • In January 2019, Baxter announced that they had acquired True Process. This acquisition includes “True Process’” “Vines” software platform which has been created to collect the patient data from devices connected at the bedside and normalization of these devices. This acquisition will help in greater innovations and provision of specific care healthcare services for individual patients.

Market Drivers

  • High rates of infiltration of digital services such as EHR’s and patient data in healthcare organizations; this factor is expected to drive the growth of the market
  • Rising levels of policies adoption resulting in better healthcare IT services; this factor is expected to drive the growth of the market
  • Connectivity of medical devices and services being provided to patients in healthcare settings provide lower costs and helps provide better analysis of patient data; this factor is expected to drive the growth of the market

Market Restraints

  • Large costs associated with the integration of these services in case of small-scale healthcare organizations; this factor is expected to restrain the growth of the market
  • Unwillingness in preference and adoption of digital healthcare IT services; this factor is expected to restrain the growth of the market

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Key Developments in the Market:

  • In February 2019, Francisco Partners announced that they had acquired Qualcomm’s business operation branded as “Qualcomm Life”. The acquired operations deal in providing end-to-end medical device connectivity across the different stages of healthcare services. The business operations will be divided into two organizations namely, “Capsule Technologies, Inc.” and “2net”. Capsule will provide connectivity capabilities of medical devices to hospitals while 2net will focus on providing a mobile platform for medical services.
  • In January 2019, Baxter announced that they had acquired True Process. This acquisition includes “True Process’” “Vines” software platform which has been created to collect the patient data from devices connected at the bedside and normalization of these devices. This acquisition will help in greater innovations and provision of specific care healthcare services for individual patients.

Segmentation: Global Medical Device Connectivity Market

By Product & Service

  • Solutions
    • Integration Solution
    • Telemetry Systems
    • Connectivity Hubs
    • Interface Devices
  • Services
    • Support & Maintenance Services
    • Implementation & Integration Services
    • Training Services

By Components

  • Wireless Hardware
    • Wi-Fi
    • Web Map Tile Service (WMTS)
    • Bluetooth
  • Wired Hardware
  • Software

By Technology

  • Wired Technologies
  • Wireless Technologies
  • Hybrid Technologies

By End-User

  • Hospitals
  • Home Healthcare
  • Ambulatory Care Centers
  • Imaging & Diagnostic Centers

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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Analysis based on

  1. What was the market size in 2019?
  2. What are the moves of key players?
  3. Which region is leading the market at global level?
  4. A comprehensive/competitive analysis of the market?
  5. Strategies of key players and product offerings

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