Market Research Report
Global Medical Device Connectivity Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||423714|
|Published||Content info||140 Pages
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|Global Medical Device Connectivity Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022|
|Published: January 19, 2017||Content info: 140 Pages||
The Globally Medical Device Connectivity Market was anticipated to grow with the CAGR of 26.5% during the forecasted period. The factors that are boosting the market demand are rising concentration on patient care and safety, growing application of EHR and health information exchange solutions, decreased healthcare cost with the help of connected healthcare environment. Rising demand for home healthcare devices i.e. mobile health coupled with growing geriatric population is one of the major driving factors. For example: the demand for mobile health is increasing significantly. Growing adoption of Smartphone, acceptance of 3G and 4G networks are helpful for the growth of mobile device connectivity market. Due to these, encouraging factors the market is expected to grow with the CAGR of approximately 26.5 % during the forecasted period. The market has some hindering factors such as unaffordable additional cost for offering connectivity to medical devices by small healthcare organizations and connectivity and operational issues in emerging countries. But, the market has huge opportunities such as rising remote patient monitoring & telehealth market, increasing health care expenditure in developing countries and growing IT demand in healthcare sector. The market is facing a challenge i.e. security issues such as patient privacy.On the basis of geography, the market is divided into four major regions such as North America, Europe, Asia Pacific and RoW. North America held the largest market revenue share in 2015 due to growing adoption of healthcare information exchange systems and EHR's in the region. Europe and Asia Pacific are also major revenue regions for the market. Europe is growing due to growing geriatric population. Among EU member states, the share of persons aged 65 or more in the whole population, Greece (20.9 %), Italy (21.7 %) and Germany (21.0) has the largest aging share, where Ireland has the lowest one i.e. 13%. Asia pacific is growing with the rising healthcare industry in APAC countries such as China, India, Japan and Australia coupled with rising adoption of healthcare IT in the region. Availability of major companies such as Bernoulli Enterprise Inc., Cerner Corporation, GE Healthcare, Honeywell HomMed LLC, Koninklijke Philips N.V., Medtronic PLC, Qualcomm Inc. and so on in the regions are increasing the expectation of high innovations, mergers & acquisitions, product launches, Partnership etc. to expand market share globally.
The medical device connectivity market is segmented on the basis of technology, product and end user. According to technology, the market is further segmented into hybrid technologies, wireless technologies and wired technologies. According to product, the market is further segmented into medical device connectivity services and medical device connectivity solutions. The medical device connectivity services are further classified into implementation & integration services, support & maintenance services and training services. The service segment occupied the major share of the medical device connectivity market in 2015. According to end user segment, the market is further classified into imaging & diagnostic centers, home healthcare and hospitals & clinics. Hospitals occupies a major share of the market.