Global Medical Device Connectivity Market 2018-2023: Increasing Penetration of EHRs & Health Information Exchange Systems in Healthcare Organizations
DUBLIN, May 10, 2018 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
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 market in this report is segmented by product & service, technology, and end user. This report also provides market information on major regional segments of the market, namely, North America, Europe, Asia Pacific, and the Rest of the World.
In 2017, North America dominated the global medical device connectivity market. Growth in this market can mainly be attributed to the strong IT infrastructure in the region, increasing investments and regulatory mandates favoring the implementation of eHealth solutions, presence of large healthcare IT companies, and increasing need to curtail healthcare costs. The North America region is also expected to grow at the highest CAGR during the forecast period.
However, various interoperability issues, lack of standard interfaces, and the high cost of ownership of these systems are some of the factors that are likely to hinder the growth of the global market to a certain extent.
The players in the medical device connectivity market include GE Healthcare (US), Qualcomm (US), Cerner (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).
Key Topics Covered:
1 Introduction
2 Research Methodology
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
11 Competitive Landscape
11.1 Introduction
11.2 Strategic Benchmarking
11.3 Market Share Analysis
11.4 Competitive Situations and Trends
12 Company Profiles
- Bernoulli Enterprise
- Cerner
- Cisco Systems
- GE Healthcare
- Ihealth Lab
- Infosys
- Lantronix
- Medtronic
- Nanthealth
- Philips
- Qualcomm
- True Process
For more information about this report visit https://www.researchandmarkets.com/research/wbwwb9/global_medical?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
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
SOURCE Research and Markets
Share this article