Medical Device Connectivity Market Size to Expand Significantly by the End of 2025 | CMR

Competitive Analysis:
Major players operating in this market are Capsule Tech Inc., Cerner Corporation, Philips Healthcare, Digi International Inc., Cisco Systems Inc., Siemens Healthcare, Honeywell HomMed LLC, Dräger Medical GmbH, eDevice Inc., Qualcomm Inc., Lantronix Inc., Bernoulli Enterprise, Inc., and GE Healthcare.

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Key Findings of the Research Study:
Medical devices connectivity services market accounted for the largest share of the overall market in 2016, due to the need for effective implementation of connectivity solutions.

Medical devices connectivity solutions market will witness favorable growth over the forecast period, due to the need for integrated healthcare solutions to improve the quality and outcome of healthcare systems.

North America occupied major share of the global medical devices connectivity market in 2016, due to rising adoption of healthcare information systems in the region.

Europe held the second largest share of the global medical devices connectivity market in 2016. Increasing need of real time and continuous patient monitoring and information management will further drive the growth of this market over the forecast period.

Industry Trend Analysis:
The Global Medical Device Connectivity Market is projected to be around $2.1 billion by 2025. This is attributed to factors such as rising need to downsize healthcare cost, growing need to integrate healthcare systems for improving quality of care, and efforts of healthcare providers to maximize their return on investment. In addition, rising demand for home healthcare is further leading to increase adoption of medical device connectivity solutions. However, high cost of installation, resistant from healthcare professionals to adopt highly sophisticated IT solutions, and lack of standard interface are set to hamper uptake of these devices by healthcare professionals globally.

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Table of Contents:

1. Introduction
2. Executive Summary
3. Market Overview
4. Medical Device Connectivity Market, By Component
   4.1. Introduction
   4.2. Medical Device Connectivity Market Assessment and Forecast, By Component, 2016-2025
   4.2.1. Medical Device Connectivity Solutions
   4.2.1.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
   4.2.2. Medical Devices Connectivity Services
   4.2.2.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5. Medical Device Connectivity Market, By Technology
   5.1. Introduction
   5.2. Medical Device Connectivity Market Assessment and Forecast, By Technology, 2016-2025
   5.2.1. Wireless Technology
   5.2.1.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
   5.2.2. Wired Technology
   5.2.2.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
   5.2.3. Hybrid Technology
   5.2.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
   To be Continued...

Product Outlook and Trend Analysis:
Medical device connectivity services segment dominated the global market in 2016, primarily due to need of effective implementation and demand for maximum utilization of connectivity services. Wired hardware accounted for largest share in 2016 and is predicted to maintain its leading position during forecast period. Wireless hardware is expected to grow at highest rate because of various benefits such as portability and cost effectiveness. However, new versions with minimum cost, low energy consumption, and compact size will drive the demand for wireless technology such as Wi-Fi and Bluetooth.

Regional Outlook and Trend Analysis:
North America dominated the global market in 2016 because of better accessibility to advanced technology, high adoption rate of new technologies, increasing need for data mining and analytics, healthcare information systems and need for safety and quality of care for patients. Asia-Pacific is projected to witness high growth because of increasing demand for quality health care and information systems.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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