2024 Medical Device Connectivity Market Forecast: Growth Drivers & Outlook to 2030

Medical Device Connectivity Market Report – 2024 Outlook, Trends, Share, Size & Forecast

MarkNtel Advisors has unveiled its latest research report on the Medical Device Connectivity Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Medical Device Connectivity industry.

Medical Device Connectivity Market Size: 2024 Outlook

The Global Medical Device Connectivity Market size is estimated to grow at a CAGR of around 22.26% during the forecast period, i.e., 2024–30. The demand for medical device connectivity solutions and services is experiencing a surge in the global market due to several key factors. One prime factor is the increasing adoption of electronic health records (EHRs), and the digitization of healthcare systems has necessitated the integration of medical devices with these systems to streamline data management and improve patient care. In addition, the rise of remote patient monitoring amid the COVID-19 pandemic has accelerated the need for connectivity solutions to enable seamless communication between medical devices, healthcare providers, and patients.

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📘 Scope of the Report

• Forecasts till 2030 with year-wise market breakdown
• Geographical and segment-level analysis
• Company profiles and strategic insights
• Key market drivers and restraints
• Analysis of market trends and investment opportunities

Which prominent factor is expected to drive the Medical Device Connectivity Market during 2024-30?

Growing Focus on Remote Patient Monitoring & Telemedicine – The rise in chronic diseases and an aging population have led to a greater need for continuous health monitoring. Connected medical devices, ranging from wearables to implantable sensors, play a pivotal role in remotely tracking patients' vital signs, collecting health data, and transmitting this information to healthcare providers. This allows for proactive management of chronic conditions, early detection of anomalies, and timely intervention, thereby improving patient outcomes.

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Medical Device Connectivity Market Segmentation

By Product & Service

• Medical Device Connectivity Solutions- Market Size & Forecast 2019-2030, USD Million
• Medical Device Integration Solutions- Market Size & Forecast 2019-2030, USD Million
• Telemetry Systems- Market Size & Forecast 2019-2030, USD Million
• Connectivity Hubs- Market Size & Forecast 2019-2030, USD Million
• Interface Devices- Market Size & Forecast 2019-2030, USD Million
• Medical Device Connectivity Services- Market Size & Forecast 2019-2030, USD Million
• Support & Maintenance Services- Market Size & Forecast 2019-2030, USD Million
• Implementation & Integration Services- Market Size & Forecast 2019-2030, USD Million
• Training Services - Market Size & Forecast 2019-2030, USD Million

By Technology

• Wireless Technologies- Market Size & Forecast 2019-2030, USD Million
• Wired Technologies- Market Size & Forecast 2019-2030, USD Million
• Hybrid Technologies- Market Size & Forecast 2019-2030, USD Million

By Application

• Respiratory Therapy- Market Size & Forecast 2019-2030, USD Million
• Anesthesia Machines- Market Size & Forecast 2019-2030, USD Million
• Ventilators- Market Size & Forecast 2019-2030, USD Million
• Infusion Pumps- Market Size & Forecast 2019-2030, USD Million
• Imaging Systems- Market Size & Forecast 2019-2030, USD Million
• Vital Signs & Patient Monitors- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

By End Users

• Hospitals- Market Size & Forecast 2019-2030, USD Million
• Ambulatory Care Centers- Market Size & Forecast 2019-2030, USD Million
• Research Centers- Market Size & Forecast 2019-2030, USD Million
• Home Care Settings- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Industry Leaders: Who’s Dominating the Medical Device Connectivity Market?

The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:

• Capsule Technologies, Inc.
• Cerner Corporation
• Cisco Systems
• GE Healthcare
• Masimo Corporation
• Ihealth Lab
• Koninklijke Philips N.V.
• Lantronix, Inc.
• Medtronic Plc
• NantHealth, Inc.
• Iatric Systems, Inc.
• Qualcomm
• Stryker Corporation
• Infosys Limited
• Oracle Corporation

These companies are focused on health-based R&D, expansion, and functional ingredient diversification.

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Frequently Asked Questions (FAQs)

1. What are the main drivers of the Medical Device Connectivity market?
2. Which segment leads the Medical Device Connectivity industry?
3. What regulatory challenges impact product development?
4. Who are the top players in the Medical Device Connectivity industry?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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