Medical Device Connectivity Market Size - By Product & Services (Solution, Services), Technology (Wireless, Wired, Hybrid), Application, End-use, Global Forecast (2023-2032)

Description

List of Tables

Global Medical Device Connectivity Market will witness 20.7% CAGR between 2023 and 2032 due to the proliferation of smartphone-compatible medical devices. These innovative tools offer unparalleled convenience to patients, enabling seamless monitoring and management of health metrics on familiar devices.

For instance, in November 2023, in line with Diabetes Awareness Month, Dario, a US-based digital health company, introduced a new smart blood sugar meter tailored for Apple iPhone 15 users. This innovation aligns with the iPhone's transition to a type-C USB port, offering direct connectivity for real-time blood sugar readings through the health management tools by Dario. Now catering to both Apple and Android users, the compact device encompasses a glucose meter, a disposable test strip cartridge, and a lancing device. It seamlessly logs results and ensures continuous connectivity between users and their healthcare providers.

The demand for such connectivity arises from the inherent ease and accessibility they provide, empowering individuals to actively engage in their health journey. As more smart interconnected devices emerge, the medical device connectivity market growth in the healthcare landscape will bridge the gap between technology and well-being.

The overall Medical Device Connectivity Market is classified based on technology, application, and region.

Hybrid technologies segment will undergo significant development from 2023 to 2032. This convergence of innovations blends traditional medical devices with digital interfaces, fostering seamless connectivity across healthcare ecosystems. These hybrid solutions bridge gaps, enabling interoperability and real-time data exchange, revolutionizing patient care. The medical device connectivity market size surge reflects the growing necessity for interconnected systems that enhance efficiency, accuracy, and accessibility in healthcare delivery, ushering in an era of comprehensive and integrated medical solutions.

The medical device connectivity market share from the infusion pumps segment will register a noteworthy CAGR from 2023 to 2032. Infusion pumps for administering fluids and medications are evolving with integrated connectivity features. Seamless connectivity in infusion pumps streamlines data collection, enhancing precision and enabling remote monitoring. The surge in the medical device connectivity market demand reflects the need for interconnected systems that optimize patient care, ensuring accuracy, safety, and efficiency in healthcare delivery through advanced connectivity in infusion pump technology.

Europe medical device connectivity industry will showcase a commendable CAGR from 2023 to 2032. With a proactive approach toward healthcare technology integration, European countries exhibit a robust inclination toward interconnected medical devices. Stringent regulations promoting interoperability and data exchange fuel this demand, fostering innovation and adoption.

The continent's commitment to advancing healthcare through connected devices signifies a burgeoning market characterized by a growing need for seamless connectivity and integrated solutions. Additionally, rising product launches by leading companies support the market. For instance, in November 2023, Switzerland's Fischer Connectors unveiled the latest addition to its low-voltage multipole Fischer Core Series: The First Mate Last Break connectors. Specifically designed for medical device operators adhering to IEC 60601-1 standards, these connectors prioritize exceptional electrical safety, mechanical dependability, and user-friendly functionality.

Product Code: 7167

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & workings
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Global medical device connectivity market 360 degree synopsis, 2018 - 2032
2.2 Regional trends
2.3 Product and service trends
2.4 Technology trends
2.5 Application trends
2.6 End-use trends

Chapter 3 Medical Device Connectivity Industry Insights

3.1 COVID- 19 impact analysis
3.2 Industry ecosystem analysis
3.3 Technology landscape
3.4 Regulatory landscape
3.5 Industry impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Increasing adoption of wireless networks
  - 3.5.1.2 Growing penetration of EHRs in healthcare organizations
  - 3.5.1.3 Technological advancements in wireless technologies and bluetooth-enabled medical devices
  - 3.5.1.4 Increase in the demand for telehealth and telemedicine technologies
- 3.5.2 Industry pitfalls & challenges
  - 3.5.2.1 High cost of deployment
  - 3.5.2.2 Data privacy and security concerns
3.6 Growth potential analysis
- 3.6.1 By product and services
- 3.6.2 By technology
- 3.6.3 By application
- 3.6.4 By end-use
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
- 4.1.1 Koninklijke Philips N.V.
- 4.1.2 Cerner Corporation
- 4.1.3 Medtronic
4.2 Competitive analysis of major market players, 2022
4.3 Competitive positioning matrix, 2022
4.4 Strategic outlook matrix, 2022

Chapter 5 Medical Device Connectivity Market Size and Forecast, By Product and Services, 2018-2032 (USD Million)

5.1 Key trends, by product and services
5.2 Solution
- 5.2.1 Medical device integration solution
- 5.2.2 Interface devices
- 5.2.3 Telemetry systems
- 5.2.4 Connectivity hubs
5.3 Services
- 5.3.1 Implementation and integration services
- 5.3.2 Support and maintenance services
- 5.3.3 Training services and consulting services

Chapter 6 Medical Device Connectivity Market Size and Forecast, By Technology, 2018-2032 (USD Million)

6.1 Key trends, by technology
6.2 Wired technologies
6.3 Wireless technologies
6.4 Hybrid technologies

Chapter 7 Medical Device Connectivity Market Size and Forecast, By Application, 2018-2032 (USD Million)

7.1 Key trends, by application
7.2 Vital signs and patient monitors
7.3 Anesthesia machines and ventilators
7.4 Infusion pumps
7.5 Other applications

Chapter 8 Medical Device Connectivity Market Size and Forecast, By End-use, 2018-2032 (USD Million)

8.1 Key trends, by end-use
8.2 Hospitals
8.3 Ambulatory care centers
8.4 Other end-users

Chapter 9 Medical Device Connectivity Market Size and Forecast, By Region, 2018-2032 (USD Million)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 Middle East & Africa
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of Middle East & Africa

Chapter 10 Company Profiles

10.1 Koninklijke Philips N.V.
10.2 Cerner Corporation
10.3 Medtronic
10.4 General Electric
10.5 Stryker
10.6 iHealth Labs Inc.
10.7 Cisco Systems, Inc
10.8 Masimo
10.9 Infosys Limited
10.10 Baxter
10.11 TE Connectivity
10.12 Lantronix Inc
10.13 Hill-Rom Services Inc.
10.14 Silex Technology America, Inc
10.15 Digi International Inc