Medical Device Connectivity Analysis 2018: Size, Share, Growth, Trends, And Forecasts to 2024

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Medical Device Connectivity Market
Global Medical Device Connectivity Market
Analysis Report by Leading Manufacturers 2017-2024
Global Medical Device Connectivity Market has
accounted for USD 5.7 billion in 2016 and is
expected to reach USD 46.4 billion by 2024,
growing at a CAGR of 30.1 in the forecasted
period 2017 to 2024. The new market report
contains data for historic years 2014 2015, the
base year of calculation is 2016.
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Report Description
Medical device connectivity is the establishment
and maintenance of a connection through which
data is transferred between a medical device,
such as a patient monitor, and an information
system. The term is used interchangeably with
biomedical device connectivity or biomedical
device integration. By eliminating the need for
manual data entry, potential benefits include
faster and more frequent data updates, diminished
human error, and improved workflow efficiency.
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Market Segmentation
On the basis of product the market is segmented
into integration software and connectivity
hardware. Connectivity hardware is further
segmented based on product types into wired and
wireless solutions. Wired solutions include
segments such as Wi-Fi, Bluetooth and
WMTS. Based on end users the market is segmented
into hospitals, community healthcare, clinics and
others. Hospitals segment dominate the market
with more than 60 market share in 2016 and is
expected to grow at the highest CAGR of 35.2 in
the forecast period 2017 to 2024. On the basis
of application the market is segmented into
electronic medical record (EMR), patient
monitoring and others.
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Market Segmentation
Based on geography the global medical device
connectivity market is segmented into 5
geographical regions, North America, Europe,
Asia-Pacific, South America and rest of the
world. The geographical regions are further
segmented into 24 major countries such as U.S.
Canada, Mexico, Germany, France, U.K., Belgium,
Switzerland, Belgium, Turkey, Japan, China,
Singapore, Brazil, India, Russia, South Africa
and many others. U.S. is expected to dominate the
market due to the rising need of healthcare data
integration and changes in healthcare
regulations. Medical device connectivity tools
will help to U.S. healthcare model to shift from
episodic model to dynamic continuous monitoring,
leading to betterment of healthcare.
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Market Overview
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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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Major Key Players

• Some of the major players
• McKesson Corporation
• Koninklijke Philips N.V.
• Medtronic
• Cisco Systems, Inc.
• Siemens Healthcare GmbH
• Honeywell HomeMed LLC
• GE Healthcare Ltd
• Spectrum Medical
• Among Others

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