Healthcare Publications Medical Device Connectivity Market

The Global Medical Device Connectivity Market is proliferating rapidly mainly due to the growing
adoption of smart, connected medical devices across the healthcare industry. Moreover, the
penetration of some of the ubiquitous technologies such as IoT, Blockchain, AI, AR, and VR into these
smart medical devices escalates the market on the global platform.
Acknowledging the pace at which the market is climbing up pervasively, Market Research Future
(MRFR) in its recently published study report asserts that the global medical device connectivity
market will garner exponential accruals by 2023, registering a striking CAGR over 16% throughout
the forecasting period (2018 – 2023).
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The healthcare sector, heading with the availability of data, improved patient care is imminent has
entered a new level of connectivity, convenience, and efficiency with the Internet of Things (IoT).
Bluetooth and Wi-Fi seem to be prevailing connectivity solutions. IoT connectivity while compared to
roulette is betting on Bluetooth or Wi-Fi.
With these advancements, however, comes the greater risk of cybersecurity, that is creating a multi-
billion-dollar problem for the healthcare industry. Consecutively, these cybersecurity issues alongside
the high cost of deployment are impeding the growth of the market.
Nevertheless, the growing interest of governments and regulators such as FDA around Cybersecurity
area that has resulted in implementing stringent regulatory policies to ensure medical device
cybersecurity remains intact will support the market growth over the forecast period.
One such regulation of medical device cybersecurity that came under the spotlight with the ongoing
digitization and connectivity of healthcare, issued in October 2018 has manifested via draft guidelines
certain to support this shift and as a response to healthcare becoming a prime target for cyber
threats.
Global Medical Device Connectivity Market – Key Players:
Key players leading the global medical device connectivity market include Cerner (U.S.), Qualcomm
(U.S.), GE Healthcare (U.S.), Bernoulli Enterprise (U.S.), Koninklijke Philips N.V. (Netherlands),
Medtronic (U.S.), Nanthealth (U.S.), Cisco Systems (U.S.), Infosys (India), True Process (U.S.),
Lantronix (U.S.), Ihealth Lab (U.S.), Stryker Corporation, Nuvon, Inc, and eDevice, Inc. among
others.
Global Medical Device Connectivity Market – Segments
The report segmented into four key dynamics for enhanced understanding.
By Product & Services: Medical Device Connectivity Solutions (medical device
integration solutions, telemetry systems, connectivity hubs, and interface devices) and
Medical Device Connectivity Services (support & maintenance services, implementation
& integration services, and training services).