MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Medical Device Connectivity Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Medical Device Connectivity, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019–22
- Base Year: 2023
- Forecast Years: 2024–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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Medical Device Connectivity Market 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.
Medical Device Connectivity Market Drivers:
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 Trends:
Integration of Blockchain for Enhanced Security & Data Integrity – Blockchain technology is emerging as a transformative force in the connected medical device industry, primarily addressing security and data integrity concerns. In healthcare, where the protection of sensitive patient information is paramount, blockchain provides a decentralized and immutable ledger that ensures the integrity and security of medical data. Thus, connectivity device manufacturers and healthcare providers are increasingly exploring blockchain applications in the Medical Device Connectivity Industry. These include Medtronic, IBM Watson Health, Chronicled, etc.
Medical Device Connectivity Market Segmentation
The study categorizes the Medical Device Connectivity into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
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
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Companies in Medical Device Connectivity Market Worldwide: Players, Analysis & Future Outlook
- 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
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/medical-device-connectivity-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Medical Device Connectivity?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Medical Device Connectivity?
4. Who are the prominent players in the Medical Device Connectivity?
5. How is the competition structured in this market?
6. How can I access the full report?
About Us
MarkNtel Advisors is a globally recognized market research and consulting firm delivering intelligence across the healthcare industry, spanning pharmaceuticals, medical devices, healthcare IT, and biotechnology. Our analysts combine domain expertise with innovation tracking to help healthcare organizations improve efficiency and patient outcomes. Through Consulting Services, we assist clients in interpreting insights, designing go-to-market strategies, and adapting to regulatory changes, fostering sustainable growth in the evolving global healthcare ecosystem.
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