Medical Device Connectivity Market Analysis and Forecast to 2031: By Product and Services (Medical Device Connectivity Solutions and Medical Device Connectivity Services), Technology (Wired Technologies, Wireless Technologies, and Hybrid Technologies), Application (Vital Signs, Patient Monitors, Anesthesia Machines), End-User (Hospitals, Home Healthcare, Imaging Centers, and Others), and Region
Medical device connectivity is the ability of medical devices to connect to other devices and systems. This connectivity allows for the exchange of data and information between devices and systems, which can improve patient care and safety. Medical device connectivity can also help to reduce costs by reducing the need for manual data entry and increasing the efficiency of data sharing.
Key Trends
In recent years, there has been a growing trend in the medical device industry towards connectivity. This refers to the ability of devices to connect to each other and to external systems such as hospital networks and patient health records. There are a number of reasons for this trend, including the following:
1. Increased patient safety: By being able to connect medical devices to each other and to external systems, it is possible to monitor patients more closely and identify potential problems more quickly. This can help to reduce the risk of errors and adverse events.
2. Improved efficiency: Connected devices can share data and information more easily, which can help to improve the efficiency of care delivery.
3. Enhanced patient engagement: Connected devices can provide patients with more information about their condition and care, which can help to improve compliance and engagement with their treatment.
4. Greater insights: The data generated by connected devices can be used to generate insights that can improve the quality and effectiveness of care.
The trend towards connectivity is likely to continue in the years ahead as medical devices become more sophisticated and as the benefits of connectivity become more widely recognized.
Key Drivers
The Medical Device Connectivity market is being driven by a number of factors. One of the key drivers is the need to improve patient care and safety. Connected medical devices can help to monitor patients more closely and provide real-time data that can be used to make treatment decisions. Another driver is the need to reduce costs. Connected devices can help to reduce the need for duplicate tests and procedures, and can also help to improve the efficiency of care delivery.
Restraints & Challenges
Medical device connectivity is the linking of medical devices to electronic health records (EHRs), other devices, and clinical decision support systems. The goal of medical device connectivity is to improve patient care by providing clinicians with timely, accurate, and actionable information.
However, there are several key restraints and challenges in the medical device connectivity market. One of the key restraints is the lack of interoperability between devices from different manufacturers. This lack of interoperability can lead to errors and inefficiencies in the clinical workflow.
Another key challenge is the lack of standardization in the medical device connectivity market. There are numerous proprietary standards and protocols used by different manufacturers, which can make it difficult for clinicians to connect and use devices from different manufacturers.
Finally, another key challenge is the cost of implementing medical device connectivity solutions. Many hospitals and clinics may not be able to afford the upfront cost of installing and maintaining the necessary infrastructure.
Key Market Segments
The medical device connectivity market bifurcated on the basis of product & services, technology, application, end-user and region. On the basis of product services, it is segmented into medical device connectivity solutions and medical device connectivity services. By technology it is categorized into wired technologies, wireless technologies, and hybrid technologies. By application it is divided into vital signs, patient monitors, anesthesia machines, and others. By end-user, it is spread across hospitals, home healthcare, imaging centers, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The medical device connectivity market report includes players such as GE Healthcare, Stryker Corporation, iHealth Labs Inc., Cisco Systems, Lantronix Inc., Infosys, Wipro Ltd., Honeywell International, Masimo, and TE Connectivity.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Medical Device Connectivity Market Outlook
3.1. Medical Device Connectivity Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Medical Device Connectivity Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Medical Device Connectivity Market
4.3. Economic Impact Analysis
Chapter 5. Medical Device Connectivity Market by Product & Services
5.1. Market Overview
5.2. Medical Device Connectivity Solutions
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Medical Device Connectivity Services
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Medical Device Connectivity Market by Technology
6.1. Market Overview
6.2. Wired Technologies
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Wireless Technologies
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Hybrid Technologies
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Medical Device Connectivity Market by Application
7.1. Market Overview
7.2. Vital Signs
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Patient Monitors
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Anesthesia Machines
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. Medical Device Connectivity Market by End-User
8.1. Market Overview
8.2. Hospitals
8.2.1. Market Size and Forecast, 2021-2031 ($Million)
8.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
8.3. Home Healthcare
8.3.1. Market Size and Forecast, 2021-2031 ($Million)
8.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
8.4. Imaging Centers
8.4.1. Market Size and Forecast, 2021-2031 ($Million)
8.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
8.5. Others
8.5.1. Market Size and Forecast, 2021-2031 ($Million)
8.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 9. Medical Device Connectivity Market, by Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends and Opportunities
9.2.2. North America Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.2.3. North America Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.2.4. North America Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.2.5. North America Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.2.6. North America Medical Device Connectivity Market Size and Forecast by Country, 2021-2031, ($Million)
9.2.7. The U.S.
9.2.7.1. The U.S. Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.2.7.2. The U.S. Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.2.7.3. The U.S. Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.2.7.4. The U.S. Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.2.8. Canada
9.2.8.1. Canada Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.2.8.2. Canada Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.2.8.3. Canada Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.2.8.4. Canada Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.2.9. Mexico
9.2.9.1. Mexico Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.2.9.2. Mexico Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.2.9.3. Mexico Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.2.9.4. Mexico Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3. Europe
9.3.1. Key Market Trends and Opportunities
9.3.2. Europe Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.3. Europe Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.4. Europe Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.5. Europe Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3.6. Europe Medical Device Connectivity Market Size and Forecast by Country, 2021-2031, ($Million)
9.3.7. Germany
9.3.7.1. Germany Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.7.2. Germany Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.7.3. Germany Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.7.4. Germany Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3.8. France
9.3.8.1. France Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.8.2. France Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.8.3. France Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.8.4. France Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3.9. U.K.
9.3.9.1. U.K. Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.9.2. U.K. Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.9.3. U.K. Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.9.4. U.K. Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3.10. Spain
9.3.10.1. Spain Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.10.2. Spain Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.10.3. Spain Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.10.4. Spain Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3.11. Italy
9.3.11.1. Italy Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.11.2. Italy Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.11.3. Italy Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.11.4. Italy Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.3.12. Rest of Europe
9.3.12.1. Rest of Europe Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.3.12.2. Rest of Europe Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.3.12.3. Rest of Europe Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.3.12.4. Rest of Europe Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.4. Asia-Pacific
9.4.1. Key Market Trends and Opportunities
9.4.2. Asia-Pacific Medical Device Connectivity Market Size and Forecast by Country, 2021-2031, ($Million)
9.4.3. Asia-Pacific Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.4.4. Asia-Pacific Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.4.5. Asia-Pacific Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.4.6. Asia-Pacific Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.4.7. China
9.4.7.1. China Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.4.7.2. China Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.4.7.3. China Medical Device Connectivity Market Size and Forecast by Product Application, 2021-2031, ($Million)
9.4.7.4. China Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.4.8. India
9.4.8.1. India Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.4.8.2. India Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.4.8.3. India Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.4.8.4. India Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.4.9. Japan
9.4.9.1. Japan Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.4.9.2. Japan Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.4.9.3. Japan Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.4.9.4. Japan Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.4.10. South Korea
9.4.10.1. South Korea Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.4.10.2. South Korea Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.4.10.3. South Korea Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.4.10.4. South Korea Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.4.11. Rest of APAC
9.4.11.1. Rest of APAC Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.4.11.2. Rest of APAC Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.4.11.3. Rest of APAC Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.4.11.4. Rest of APAC Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.5. Rest of the World
9.5.1. Key Market Trends and Opportunities
9.5.2. Rest of the World Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.5.3. Rest of the World Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.5.4. Rest of the World Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.5.5. Rest of the World Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.5.6. Rest of the World Medical Device Connectivity Market Size and Forecast by Country, 2021-2031, ($Million)
9.5.7. Latin America
9.5.7.1. Latin America Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.5.7.2. Latin America Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.5.7.3. Latin America Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.5.7.4. Latin America Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.5.8. Middle East
9.5.8.1. Middle East Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.5.8.2. Middle East Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.5.8.3. Middle East Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.5.8.4. Middle East Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
9.5.9. Africa
9.5.9.1. Africa Medical Device Connectivity Market Size and Forecast by Product & Services, 2021-2031, ($Million)
9.5.9.2. Africa Medical Device Connectivity Market Size and Forecast by Technology, 2021-2031, ($Million)
9.5.9.3. Africa Medical Device Connectivity Market Size and Forecast by Application, 2021-2031, ($Million)
9.5.9.4. Africa Medical Device Connectivity Market Size and Forecast by End-User, 2021-2031, ($Million)
Chapter 10. Competitive Landscape
10.1. Market Overview
10.2. Market Share Analysis/Key Player Positioning
10.3. Developmental Strategy Benchmarking
10.3.1. New Product Developments
10.3.2. Product Launches
10.3.3. Business Expansions
10.3.4. Partnerships, Joint Ventures, and Collaborations
10.3.5. Mergers and Acquisitions
Chapter 11. Company Profiles
11.1. GE Healthcare
11.1.1. Company Snapshot
11.1.2. Financial Performance
11.1.3. Product Offerings
11.1.4. Key Strategic Initiatives
11.1.5. SWOT Analysis
11.2. Stryker Corporation
11.2.1. Company Snapshot
11.2.2. Financial Performance
11.2.3. Product offerings
11.2.4. Key Strategic Initiatives
11.2.5. SWOT Analysis
11.3. iHealth Labs Inc.
11.3.1. Company Snapshot
11.3.2. Financial Performance
11.3.3. Product offerings
11.3.4. Key Strategic Initiatives
11.3.5. SWOT Analysis
11.4. Cisco Systems
11.4.1. Company Snapshot
11.4.2. Financial Performance
11.4.3. Product offerings
11.4.4. Key Strategic Initiatives
11.4.5. SWOT Analysis
11.5. Lantronix Inc.
11.5.1. Company Snapshot
11.5.2. Financial Performance
11.5.3. Product offerings
11.5.4. Key Strategic Initiatives
11.5.5. SWOT Analysis
11.6. Infosys
11.6.1. Company Snapshot
11.6.2. Financial Performance
11.6.3. Product offerings
11.6.4. Key Strategic Initiatives
11.6.5. SWOT Analysis
11.7. Wipro Ltd.
11.7.1. Company Snapshot
11.7.2. Financial Performance
11.7.3. Product offerings
11.7.4. Key Strategic Initiatives
11.7.5. SWOT Analysis
11.8. Honeywell International
11.8.1. Company Snapshot
11.8.2. Financial Performance
11.8.3. Product offerings
11.8.4. Key Strategic Initiatives
11.8.5. SWOT Analysis
11.9. Masimo
11.9.1. Company Snapshot
11.9.2. Financial Performance
11.9.3. Product offerings
11.9.4. Key Strategic Initiatives
11.9.5. SWOT Analysis
11.10. TE Connectivity
11.10.1. Company Snapshot
11.10.2. Financial Performance
11.10.3. Product offerings
11.10.4. Key Strategic Initiatives
11.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Market Players
- GE Healthcare
- Stryker Corporation
- iHealth Labs Inc.
- Cisco Systems
- Lantronix Inc.
- Infosys
- Wipro Ltd.
- Honeywell International
- Masimo
- TE Connectivity
Key Market Segments
By Product & Services
- Medical Device Connectivity Solutions
- Medical Device Connectivity Services
By Technology
- Wired Technologies
- Wireless Technologies
- Hybrid Technologies
By Application
- Vital Signs
- Patient Monitors
- Anesthesia Machines
By End-User
- Hospitals
- Home Healthcare
- Imaging Centers
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa