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

  • ID: 4530879
  • Report
  • Region: Global
  • 206 Pages
  • Markets and Markets
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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%.

FEATURED COMPANIES

  • Bernoulli Enterprise
  • Cisco Systems
  • Ihealth Lab
  • Lantronix
  • Nanthealth
  • Qualcomm
  • MORE

"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 services segment is expected to grow at the highest CAGR during the forecast period"

On the basis of products and services, the medical device connectivity market is segmented into medical device connectivity solutions and medical device connectivity services. The medical device connectivity services segment is expected to register the highest CAGR during the forecast period. This market is primarily driven by the need for effective implementation and demand for maximum utilization of connectivity solutions.

"The wireless technology segment is expected to register the highest CAGR during the forecast period"

On the basis of technology, the market is segmented into three segments, namely, wired technologies, hybrid technologies, and wireless technologies. The wireless technologies segment is expected to register the highest CAGR during the forecast period. The high adoption of wireless technologies is mainly attributed to the various advantages it offers such as increased efficiency/productivity of workers, reduced operating costs, improved quality of care, and faster treatments.

"The hospitals segment accounted for the largest share of the medical device connectivity market in 2017"

Based on end user, the global medical device connectivity market is segmented into hospitals, home healthcare, ambulatory care settings, and imaging & diagnostic centers. In 2017, the hospitals segment dominated the medical device connectivity market. The large share of this segment is attributed to the rising need to improve the operational efficiency of healthcare organizations by reducing medical errors, increasing demand for high-quality care, rising need for curtailing healthcare costs, and growing emphasis on interoperability in healthcare organizations.

"North America to register the highest growth rate in the medical device connectivity market during the forecast period"

North America accounted for the largest share of the medical device connectivity market, followed by Europe. North America is also expected to grow at the highest CAGR during the forecast period. Factors such as increasing funding towards innovation in the medical sector, need to curtail the escalating healthcare costs in the US, the presence of a large number of healthcare IT companies, increasing investments in the healthcare industry by key market players, and growing awareness about advanced technologies are driving the growth of the market.

Break of primary participants was as mentioned below:

  • By Company Type - Tier 1-42%, Tier 2-38% and Tier 3-20%
  • By Designation - C-level-40%, Director Level-35%, Others-25%
  • By Region - North America-35%, Europe-30%, Asia Pacific-20%, RoW-15%

The major players in the medical device connectivity market are GE Healthcare (US), Qualcomm (US), Cerner Corporation (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).

Research Coverage:

The report analyzes the medical device connectivity market and aims at estimating the market size and future growth potential of this market based on various segments such as product & service, technology, and end user. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies. This report also provides market information on North America, Europe, Asia Pacific, and the Rest of the World.

Reasons to Buy the Report:

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help garner a greater share. Firms purchasing the report could use one or any combination of the below mentioned five strategies.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on product and service portfolios offered by the top players in the medical device connectivity market. This report analyzes the market by product and service, technology, end user, and region
  • Product Development/Innovation: Detailed insights on the upcoming trends and product and service launches in the medical device connectivity market
  • Market Development: Comprehensive information about the lucrative emerging markets for medical device connectivity
  • Market Diversification: Exhaustive information about new products and services, growing regions, recent developments, and investments in the medical device connectivity market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, services, and technological capabilities of the leading players in the medical device connectivity market
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FEATURED COMPANIES

  • Bernoulli Enterprise
  • Cisco Systems
  • Ihealth Lab
  • Lantronix
  • Nanthealth
  • Qualcomm
  • MORE

1 Introduction
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
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

4 Premium Insights
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
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
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
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
8.1 Introduction
8.2 Wired Technologies
8.3 Wireless Technologies
8.4 Hybrid Technologies

9 Medical Device Connectivity Market, By End User
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
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
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
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

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: 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
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
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)

Note: Product cover images may vary from those shown
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  • Bernoulli Enterprise
  • Cerner
  • Cisco Systems
  • GE Healthcare
  • Ihealth Lab
  • Infosys
  • Lantronix
  • Medtronic
  • Nanthealth
  • Philips
  • Qualcomm
  • True Process
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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