Global Medical Device Connectivity Market 2018-2023

Reading time ( words)

The "Medical Device Connectivity Market by Product (Integration Solutions, Interface Devices, Telemetry, Connectivity Hub) Technology (Wired, Wireless, Hybrid) End User (Hospitals, Home, Ambulatory Care, Diagnostic Centres) - Global Forecast to 2023" report has been added to's offering.

The medical device connectivity market is projected to reach $2,670.3 million by 2023 from $939.4 million in 2018, at a CAGR of 23.2%.

The growth in this market is attributed to the increasing penetration of EHRs & health information exchange systems in healthcare organizations, growing focus on care quality and patient safety, healthcare IT initiatives driving the integration of medical devices with hospital information systems, and the growing need to curtail healthcare costs through a connected healthcare environment.

The medical device connectivity market in this report is segmented by product & service, technology, and end user. This report also provides market information on major regional segments of the market, namely, North America, Europe, Asia Pacific, and the Rest of the World.

In 2017, North America dominated the global medical device connectivity market. Growth in this market can mainly be attributed to the strong IT infrastructure in the region, increasing investments and regulatory mandates favoring the implementation of eHealth solutions, presence of large healthcare IT companies, and increasing need to curtail healthcare costs. The North America region is also expected to grow at the highest CAGR during the forecast period.

However, various interoperability issues, lack of standard interfaces, and the high cost of ownership of these systems are some of the factors that are likely to hinder the growth of the global market to a certain extent.



Suggested Items

Researchers Selected to Develop Novel Approaches to Lifelong Machine Learning

05/07/2018 | DARPA
Machine learning (ML) and artificial intelligence (AI) systems have significantly advanced in recent years. However, they are currently limited to executing only those tasks they are specifically designed to perform and are unable to adapt when encountering situations outside their programming or training.

OFFSET 'Sprinters' Encouraged to Share Innovative Ideas for Swarm Systems

10/16/2017 | DARPA
DARPA’s OFFensive Swarm-Enabled Tactics (OFFSET) program envisions future small-unit infantry forces using small unmanned aircraft systems (UASs) and/or small unmanned ground systems (UGSs) in swarms of 250 robots or more to accomplish diverse missions in complex urban environments.

DARPA’s Drive to Keep the Microelectronics Revolution at Full Speed Builds Its Own Momentum

08/28/2017 | DARPA
To perpetuate the pace of innovation and progress in microelectronics technology over the past half-century, it will take an enormous village rife with innovators. This week, about 100 of those innovators throughout the broader technology ecosystem, including participants from the military, commercial, and academic sectors, gathered at DARPA headquarters at the kickoff meeting for the Agency’s new CHIPS program, known in long form as the Common Heterogeneous Integration and Intellectual Property (IP) Reuse Strategies program.

Copyright © 2019 I-Connect007. All rights reserved.