Report Code: TIPHE100001204 | No. of Pages: 150 | Category: Medical Device | Status: Upcoming
The increased use of advanced technology in the field of healthcare owing to the surge in IT infrastructure and increase in automation activities in healthcare industry are further expected to create demand for medical device connectivity in near future. There are various advantages offered by medical device connectivity such as device tracking, real-time monitoring, and others with improved workflow efficiency. This has increased the efficiency of healthcare staff with reduced nursing hours and improved healthcare services are expected to promote the market growth.
Increased use of telehealth services, remote patient monitoring and enhanced use of smart medical devices for health monitoring are expected to drive the growth of medical device connectivity market. Moreover, rising implementation of electronic health records and health information exchange systems on a global level are further expected to drive the growth of the medical devices connectivity market. Moreover, technological advancements in wireless technology along with the increased use of artificial intelligence, internet of things are further expected to accelerate the growth of the medical device connectivity market. However, increase in home healthcare services are expected to create significant opportunities for the market growth during the forecast period.
Recently, in January 2021, Masimo Corporation launched iSirona, a connectivity solution for EMR integration, mobile notifications, alarm management, surveillance monitoring, smart displays, and analytics.
In January 2021, Royal Philips has signed an agreement to acquire Capsule Technologies, Inc., this will help in the expansion of Phillips in patient care management connectivity solutions for hospitals. Capsule’s Medical Device Information Platform - comprised of device integration, vital signs monitoring and clinical surveillance services - connects almost all existing medical devices and EMRs in hospitals through a vendor-neutral system.
The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of more than 18 major countries globally along with current trend and opportunities prevailing in the region for medical device connectivity market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. Further, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, Rest of the World after evaluating political, economic, social and technological factors affecting the medical device connectivity market in these regions.
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The report represents the mix of global & regional market players, emerging companies, market disruptors and niche market players operating at different geographical levels. Within the report, these players are analyzed on different parameters such as market offerings, market initiatives, innovative solutions & offerings, key developments, geographical reach, and customer base among others.
Some of the key players influencing the market are Koninklijke Philips N.V., Cerner Corporation, Cisco Systems Inc., Honeywell HomeMed LLC, GE Healthcare Ltd., Lantronix, Inc., Siemens Healthcare, Masimo Corporation, Ascom Holdings AG, iHealth Labs Inc., Hill-Rom Holdings Inc., and Digi International Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.