Healthcare Publications Medical Device Connectivity Market

This study covers the market dynamics and trends in major countries that are expected to
influence the current market scenario and future status of the Global Medical Device
Connectivity Market over the forecast period.
Market Overview:
The Global Medical Device Connectivity market is expected to grow at an approximate CAGR
of 16.1% during the forecast period, 2018–2023. Moreover, the increasing penetration of
Electronic Health Records (EHRs) and health information exchange systems in healthcare
organizations, are the factors responsible for the market growth. Major factors responsible
for the market growth are penetration of EHRs through the collaboration between IT service
providers and healthcare service providers. For instance, in 2016, Allscripts Technologies
signed a ten years strategic agreement with Optumcare to deploy Allscripts TouchWork suite
as its exclusive Electronic Health Record (EHR) and Practice Management (PM) solution for
physicians. The strategic agreement will provide physicians with the clinical, health plan,
and analytic data that will further enhance the high-quality care they provide to their
patients. Moreover, in 2016, market players such as Cerner and Sharp Healthcare came
together to extend its Electronic Health Record (EHR) to the Sharp Community Medical
Group. Through the expanded relationship with Cerner, Sharp will utilize an integrated
platform to create consistencies by streamlining physician workflows and care team
communications for transitions of care. All such instances are expected to boost the medical
device connectivity market.
On the other hand, factors such as the high cost of deployment for small healthcare
organizations and increasing privacy and cybercrimes are likely to hinder the market growth
during the forecast period.
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Segments:
The global medical device connectivity market is segmented on the basis of products and
services, technology, and end-user. By products and services, the market is segmented into
medical device connectivity solutions and medical device connectivity services. Medical
device connectivity solutions are further segmented into medical device integration
solutions, telemetry systems, connectivity hubs, and interface devices. Whereas, medical
device connectivity services are further segmented into support and maintenance services,
implementation and integration services, and training services. Based on technology the
market is segmented into wired technologies, wireless technologies, and hybrid
technologies. By end-user, the market is segmented into hospitals, home healthcare,
ambulatory care centers, diagnostic centers, and others. The global medical device
connectivity market by region is majorly categorized into Americas, Europe, Asia Pacific, and
the Middle East and Africa. The American medical device connectivity market is segmented
into two regions, namely, North America and South America.
The Europe region includes both Eastern and Western European countries which are
involved in the deployment of medical device connectivity. Countries that are majorly
involved in the medical device connectivity market are the U.K., France, Germany, Spain,
and Italy, among others.
Key Players in the Global Medical Device Connectivity Market:
Some of the key players in this market are Qualcomm (U.S.), Cerner (U.S.), GE Healthcare
(U.S.), Koninklijke Philips N.V. (Netherlands), Bernoulli Enterprise (U.S.), Medtronic (U.S.),