Medical Device Connectivity Market to grow at a CAGR of +25% by 2021 according to new report WITH MAJOR FOCUS ON Size, Share, Sales, Growth, Forecast, Segment, Application Analysis 2018-2023
Houston, TX -- (SBWIRE) -- 02/08/2018 -- Increased need for healthcare savings, increased integration of healthcare systems to improve quality of care, and increased efforts by healthcare providers to maximize return on investment (ROI) are accelerating growth in this market. The adoption of EHR and medical information exchange systems has also increased and the demand for home healthcare has increased, further encouraging the adoption of medical device connectivity solutions. However, the lack of a standard interface, the high installation costs of medical device connectivity platforms, and the medical professionals that are adopting advanced medical IT solutions hinder medical organizations from adopting medical device connectivity solutions.
In this report, global markets are categorized by component, technology, and end user. On a component basis, the market is divided into two categories: medical device connectivity services and solutions. Based on technology, the market is divided into three parts: wired technology, hybrid technology and wireless technology. Based on end users, the market is divided into hospitals and clinics, home healthcare and imaging and diagnostic centers.
Geographically, the global market is divided into North America, Europe, Asia Pacific and other regions. North America occupied the largest share of the global market in 2016. The region's major portion is attributed to increased access to technology, strong government support and initiatives, increased need for data analysis in the medical sector, increased EHR implementation, increased healthcare information exchange systems and increased interest in medical quality and patient safety.
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Growth in this market can be attributed to a number of factors such as the growing need for semantic interoperability among healthcare organizations, transition of point-of-care diagnostics from hospitals to home care settings, growing adoption of telehealth solutions, increasing Healthcare IT (HCIT) initiatives, regulations for improving healthcare quality, and rising need to curtail healthcare costs. However, high cost of technology, various interoperability issues, lack of standard interfaces, and fragmented end-users market are some of the factors restraining the growth of this market.
The medical device connectivity market in this report is segmented by component, technology, and end user. Based on product, the market is segmented into medical device connectivity services and solutions. In 2016, the medical device connectivity services product segment accounted for the largest share of the medical device connectivity market. This market is primarily driven by the need for effective implementation and demand for maximum utilization of connectivity solutions. Based on technology, the medical device connectivity market is segmented into three segments, namely, wired technologies, hybrid technologies, and wireless technologies. Based on end user, the medical device connectivity market is segmented into three segments, namely, hospitals & clinics, home healthcare, and imaging & diagnostic centers.
In this research report, The researchers analyze the world medical device connection market and analyze market analysis, market trend, global market size of medical device connection, market forecast, market size by region (Japan market, China market, US market, Europe market Etc.), market analysis by application, manufacturing cost analysis, major manufacturer analysis (company outline, main product outline, production / sales trends, contacts, etc.), price analysis by type, price information, market environment analysis, export - import We will deliver in the following composition including data, market share analysis etc.
The global medical device connectivity market is segmented on the basis of component, technology, end user, and region. On the basis of component, the market is segmented into two segments namely medical device connectivity services and solutions. The medical device connectivity services segment is further segmented into support and maintenance services, implementation and integration services, and training services, while medical device connectivity solutions segment is categorized into integration/networking solutions, interface devices, and telemetry systems. The Medical Device Connectivity Market is projected to grow at a CAGR of +25% by 2021
Divided by region, this study report is segmented into numerous key sections, with production, consumption, revenue, market share and progress rate of the regions Europe, North America, Asia Pacific, MEA, and ROW are mentioned in this report. As mentioned about the regions, a comprehensive regional classification of the market is also included herein.
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Moreover, the global Medical Device Connectivity market is segmented on the basis of various parameters. The factors which are impacting the market's growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the global Medical Device Connectivity market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.