Medical Device Connectivity Market is anticipated to grow at a CAGR of 24% to 26% from 2021 to 2026

The global medical device connectivity market is projected to grow at a CAGR of 24% to 26% from 2021 to 2026. The growth of medical device connectivity market is driven by increasing focus on the quality of care and patient safety, rising healthcare cost, and growing demand for data analytics in healthcare.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising potential, high-growth opportunities for the global medical device connectivity market by product & services (medical device connectivity solutions (medical device integration, interface devices, connectivity hubs, and telemetry systems) and medical device connectivity service (support and maintenance, implementation and integration, training, and consulting)), end use industry (hospitals, home healthcare centers, diagnostic and imaging centers, and ambulatory care centers), technology (wired technology, wireless technology, and hybrid technology), application (anesthesiology, respiratory therapy, dialysis, cardiology, oncology, home healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the medical device connectivity market?

Q.4 What are some changing demands of customers in the medical device connectivity market?

Q.5 What are the new developments in the medical device connectivity market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this medical device connectivity area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this medical device connectivity market? 

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Market Segmentation:

Based on end use industry, the medical device connectivity market is segmented into hospitals, home healthcare centers, diagnostic and imaging centers, and ambulatory care centers. The hospitals segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to growing number of hospitals and healthcare infrastructure.

North America will remain the largest region during the forecast period due to increasing need of clinical device connectivity and interoperability solutions to reduce the rising healthcare costs and strict regulations and guidelines by various government and non-government authorities.

Key Players in the medical device connectivity market are Capsule Technologies, Cerner Corporation, GE Healthcare, Koninklijke Philips, Medtronic plc, Cisco Systems, Inc., Infosys Limited, Digi International Inc., Masimo Corporation, Hill-Rom Technologies, True Process, iHealth Labs, and Lantronix Inc.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/medical-device-connectivity-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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