The global medical device connectivity market is projected to reach USD 1,344.1 million by 2021, growing at a CAGR of around 26%
Growth in this market can be attributed to a number of factors such as the growing need for semantic interoperability among healthcare organizations, transition of point-of-care diagnostics from hospitals to home care settings, growing adoption of telehealth solutions, increasing Healthcare IT (HCIT) initiatives, regulations for improving healthcare quality, and rising need to curtail healthcare costs. However, high cost of technology, various interoperability issues, lack of standard interfaces, and fragmented end-users market are some of the factors restraining the growth of this market.
The medical device connectivity market in this report is segmented by component, technology, and end user. Based on product, the market is segmented into medical device connectivity services and solutions. In 2015, the medical device connectivity services product segment accounted for the largest share of the medical device connectivity market. This market is primarily driven by the need for effective implementation and demand for maximum utilization of connectivity solutions.
Based on technology, the medical device connectivity market is segmented into three segments, namely, wired technologies, hybrid technologies, and wireless technologies. Based on end user, the medical device connectivity market is segmented into three segments, namely, hospitals & clinics, home healthcare, and imaging & diagnostic centers.
In 2015, North America accounted for the largest share to the global medical device connectivity market, followed by Europe, Asia-Pacific, and the RoW. Growth in the North American market is largely driven by the better accessibility to technologies in this region, increasing funding to innovation in medical sector, increasing demand for eHealth solutions and services in large hospitals and health systems, changing regulations, and rising geriatric population.
Some of the major players in the medical device connectivity market are
- Qualcomm Inc. (U.S)
- Cerner Corporation (U.S.)
- NantHealth, Inc. (U.S.)
- Bernoulli Enterprise Inc. (U.S.)
- GE Healthcare (U.S.)
- Digi International Inc. (U.S.)
- Cisco Systems, Inc. (U.S.)
- Lantronix, Inc. (U.S.)
- Philips Healthcare (Netherlands)
- Infosys Limited (India).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Medical Device Connectivity Market, By Product
8 Global Medical Device Connectivity Market, By Technology
9 Global Medical Device Connectivity Market, By End User
10 Global Medical Device Connectivity Market, By Region
11 Competitive Landscape
12 Company Profiles
- Bernoulli Enterprise, Inc.
- Cerner Corporation
- Cisco Systems, Inc.
- Digi International Inc.
- GE Healthcare
- Infosys Limited
- Koninklijke Philips N.V.
- Lantronix, Inc.
- Medtronic PLC
- Nanthealth, Inc.
- Qualcomm Inc.
For more information about this report visit http://www.researchandmarkets.com/research/rtvsbm/medical_device
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-medical-device-connectivity-market-2016-2021-growing-telehealth-and-remote-patient-monitoring-markets-opportunities---research-and-markets-300352612.html
SOURCE Research and Markets