Medical device connectivity is the integration of medical devices with information systems, which automates the workflow surrounding the medical device. It is a solution that provides uninterrupted information data between devices and information systems. The information can be acquiring, transforming, transferring, and uploading in a device, in standard formats. The medical device connectivity ensures the data integration through wired or wireless connectivity with a computer and mobile devices. Moreover, the system also supports the clinical and personal medical devices with HIS (Hospital information system). To eliminate the need for manual data entry the medical device connectivity is used.
The "Global Medical Device Connectivity Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical device connectivity market with detailed market segmentation by product and services, technology, end user, and geography. The report provides key statistics on the market status of the leading medical device connectivity market players and offers key trends and opportunities in the market.
- Based on product and services, the global medical device connectivity market is segmented into medical device connectivity solutions and medical device connectivity services. Medical device connectivity solutions sub segmented as medical device integration solutions, telemetry systems, connectivity hubs, and interface devices. Medical device connectivity services sub sgmented as support and maintenance services and training services.
- On the basis of technology, the market is segmented into wireless technologies, hybrid technologies, and wired technologies.
- Based on end user, the market is bifurcated into hospitals, ambulatory surgical centers, imaging and diagnostic centers, and homecare settings.
- Increasing use of EHRs & health information exchange systems in healthcare organizations.
- Healthcare IT initiatives are boosting the integration of medical devices with hospital information systems.
- Favorable government initiatives.
- Cost-benefits of connected healthcare environment helps in reduction of overall healthcare expenses.
- High cost of deployment for small healthcare organizations.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical device connectivity market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical device connectivity market in these regions.
IMPACT OF COVID-19 ON MEDICAL DEVICE CONNECTIVITY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Medical device connectivity aids in data analytics in COVID-19 which helps in care quality and patient safety. Thus, the medical device connectivity market is positively impacted in the pandemic.
The report covers key developments in the medical device connectivity market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical device connectivity market are anticipated to lucrative growth opportunities in the future with the rising demand for medical device connectivity in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical device connectivity market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- iHealth Lab
- True Process
- Cisco Systems
- Koninklijke Philips N.V.
- GE Healthcare
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