Global Medical Device Connectivity Market 2024-2028

The medical device connectivity market is forecasted to grow by USD 5260.83 mn during 2023-2028, accelerating at a CAGR of 24.84% during the forecast period. The report on the medical device connectivity market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the emergence of digital healthcare services and healthcare 4.0, increasing investment in healthcare digital infrastructure, and high growth potential in emerging countries.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	23.73%
CAGR	24.84%
Incremental Value	$5260.83mn

Technavio's medical device connectivity market is segmented as below:

By Technology

Wireless technologies
Wired technologies
Hybrid technologies

By End-user

Hospitals
Home healthcare
Diagnostic and imaging centers
ASC

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the growing focus on traditional strategies such as mergers and acquisitions as one of the prime reasons driving the medical device connectivity market growth during the next few years. Also, bluetooth low energy (BLE) in healthcare devices and increasing popularity of m-health will lead to sizable demand in the market.

The report on the medical device connectivity market covers the following areas:

Medical device connectivity market sizing
Medical device connectivity market forecast
Medical device connectivity market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical device connectivity market vendors that include Baxter International Inc., Bridge Tech Medical Inc., Carl Zeiss AG, Cisco Systems Inc., Digi International Inc., Dragerwerk AG and Co. KGaA, GE Healthcare Technologies Inc., Iatric Systems Inc., Infosys Ltd., Koninklijke Philips N.V., Lantronix Inc., Masimo Corp., MediCollector LLC, Medtronic Plc, Murata Machinery Ltd., Oracle Corp., Silicon and Software Systems Ltd., Spectrum Medical Ltd., TE Connectivity Ltd., and Wipro Ltd.. Also, the medical device connectivity market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77165

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global medical device connectivity market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global medical device connectivity market 2018 - 2022 ($ million)
4.2 Technology Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Technology

6.1 Market segments
Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
6.2 Comparison by Technology
Exhibit 32: Chart on Comparison by Technology
Exhibit 33: Data Table on Comparison by Technology
6.3 Wireless technologies - Market size and forecast 2023-2028
Exhibit 34: Chart on Wireless technologies - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Wireless technologies - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Wireless technologies - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Wireless technologies - Year-over-year growth 2023-2028 (%)
6.4 Wired technologies - Market size and forecast 2023-2028
Exhibit 38: Chart on Wired technologies - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Wired technologies - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Wired technologies - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Wired technologies - Year-over-year growth 2023-2028 (%)
6.5 Hybrid technologies - Market size and forecast 2023-2028
Exhibit 42: Chart on Hybrid technologies - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Hybrid technologies - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Hybrid technologies - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Hybrid technologies - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Technology
Exhibit 46: Market opportunity by Technology ($ million)
Exhibit 47: Data Table on Market opportunity by Technology ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Hospitals - Market size and forecast 2023-2028
Exhibit 52: Chart on Hospitals - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Hospitals - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
7.4 Home healthcare - Market size and forecast 2023-2028
Exhibit 56: Chart on Home healthcare - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Home healthcare - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Home healthcare - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Home healthcare - Year-over-year growth 2023-2028 (%)
7.5 Diagnostic and imaging centers - Market size and forecast 2023-2028
Exhibit 60: Chart on Diagnostic and imaging centers - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Diagnostic and imaging centers - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Diagnostic and imaging centers - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Diagnostic and imaging centers - Year-over-year growth 2023-2028 (%)
7.6 ASC - Market size and forecast 2023-2028
Exhibit 64: Chart on ASC - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on ASC - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on ASC - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on ASC - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Exhibit 68: Market opportunity by End-user ($ million)
Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 83: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Baxter International Inc.
Exhibit 119: Baxter International Inc. - Overview
Exhibit 120: Baxter International Inc. - Business segments
Exhibit 121: Baxter International Inc. - Key news
Exhibit 122: Baxter International Inc. - Key offerings
Exhibit 123: Baxter International Inc. - Segment focus
12.4 Cisco Systems Inc.
Exhibit 124: Cisco Systems Inc. - Overview
Exhibit 125: Cisco Systems Inc. - Business segments
Exhibit 126: Cisco Systems Inc. - Key news
Exhibit 127: Cisco Systems Inc. - Key offerings
Exhibit 128: Cisco Systems Inc. - Segment focus
12.5 Digi International Inc.
Exhibit 129: Digi International Inc. - Overview
Exhibit 130: Digi International Inc. - Business segments
Exhibit 131: Digi International Inc. - Key news
Exhibit 132: Digi International Inc. - Key offerings
Exhibit 133: Digi International Inc. - Segment focus
12.6 Dragerwerk AG and Co. KGaA
Exhibit 134: Dragerwerk AG and Co. KGaA - Overview
Exhibit 135: Dragerwerk AG and Co. KGaA - Business segments
Exhibit 136: Dragerwerk AG and Co. KGaA - Key offerings
Exhibit 137: Dragerwerk AG and Co. KGaA - Segment focus
12.7 GE Healthcare Technologies Inc.
Exhibit 138: GE Healthcare Technologies Inc. - Overview
Exhibit 139: GE Healthcare Technologies Inc. - Business segments
Exhibit 140: GE Healthcare Technologies Inc. - Key offerings
Exhibit 141: GE Healthcare Technologies Inc. - Segment focus
12.8 Infosys Ltd.
Exhibit 142: Infosys Ltd. - Overview
Exhibit 143: Infosys Ltd. - Business segments
Exhibit 144: Infosys Ltd. - Key news
Exhibit 145: Infosys Ltd. - Key offerings
Exhibit 146: Infosys Ltd. - Segment focus
12.9 Koninklijke Philips N.V.
Exhibit 147: Koninklijke Philips N.V. - Overview
Exhibit 148: Koninklijke Philips N.V. - Business segments
Exhibit 149: Koninklijke Philips N.V. - Key news
Exhibit 150: Koninklijke Philips N.V. - Key offerings
Exhibit 151: Koninklijke Philips N.V. - Segment focus
12.10 Lantronix Inc.
Exhibit 152: Lantronix Inc. - Overview
Exhibit 153: Lantronix Inc. - Product / Service
Exhibit 154: Lantronix Inc. - Key offerings
12.11 Masimo Corp.
Exhibit 155: Masimo Corp. - Overview
Exhibit 156: Masimo Corp. - Product / Service
Exhibit 157: Masimo Corp. - Key offerings
12.12 Medtronic Plc
Exhibit 158: Medtronic Plc - Overview
Exhibit 159: Medtronic Plc - Business segments
Exhibit 160: Medtronic Plc - Key news
Exhibit 161: Medtronic Plc - Key offerings
Exhibit 162: Medtronic Plc - Segment focus
12.13 Murata Machinery Ltd.
Exhibit 163: Murata Machinery Ltd. - Overview
Exhibit 164: Murata Machinery Ltd. - Business segments
Exhibit 165: Murata Machinery Ltd. - Key offerings
Exhibit 166: Murata Machinery Ltd. - Segment focus
12.14 Oracle Corp.
Exhibit 167: Oracle Corp. - Overview
Exhibit 168: Oracle Corp. - Business segments
Exhibit 169: Oracle Corp. - Key news
Exhibit 170: Oracle Corp. - Key offerings
Exhibit 171: Oracle Corp. - Segment focus
12.15 Spectrum Medical Ltd.
Exhibit 172: Spectrum Medical Ltd. - Overview
Exhibit 173: Spectrum Medical Ltd. - Product / Service
Exhibit 174: Spectrum Medical Ltd. - Key offerings
12.16 TE Connectivity Ltd.
Exhibit 175: TE Connectivity Ltd. - Overview
Exhibit 176: TE Connectivity Ltd. - Business segments
Exhibit 177: TE Connectivity Ltd. - Key offerings
Exhibit 178: TE Connectivity Ltd. - Segment focus
12.17 Wipro Ltd.
Exhibit 179: Wipro Ltd. - Overview
Exhibit 180: Wipro Ltd. - Business segments
Exhibit 181: Wipro Ltd. - Key news
Exhibit 182: Wipro Ltd. - Key offerings
Exhibit 183: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 186: Currency conversion rates for US$
13.4 Research methodology
Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources
13.5 List of abbreviations
Exhibit 190: List of abbreviations