Medical Device Connectivity Market is expected to generate a revenue of USD 13.4 Billion by 2031, Globally, at 23.40% CAGR: Verified Market Research®

Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive report on the, "Medical Device Connectivity Market Size and Forecast," The market is experiencing exponential growth, driven by the escalating need for seamless data integration across healthcare systems. With a projected CAGR of 23.40% from 2024 to 2031, the market is set to revolutionize how healthcare professionals access and utilize critical patient information.

LEWES, Del., Jan. 22, 2025 /PRNewswire/ -- The Global Medical Device Connectivity Market Size is projected to grow at a CAGR of 23.40% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.49 Billion in 2024 and is expected to reach USD 13.4 Billion by the end of the forecast period.

Key Highlights of the Report:

• Market Overview and Growth Drivers: Explore the market dynamics driving adoption, including the rising demand for integrated healthcare solutions, advancements in IoT-enabled devices, and the increasing focus on patient-centric care.
• Comprehensive Market Segmentation: Detailed insights across Product & Service, Component, Application, and regional markets, providing stakeholders with a clear roadmap to identify lucrative opportunities.
• Competitive Landscape: Analysis of key players, including their strategies, innovations, and market positioning, ensuring industry leaders stay ahead in a highly competitive market.
• Future Trends and Projections: Forward-looking analysis of emerging trends such as AI-powered connectivity solutions, enhanced cybersecurity measures, and regulatory impacts to prepare businesses for the next wave of industry evolution.

Who Should Read This Report?

This report is an essential resource for:

• Healthcare Providers seeking streamlined device interoperability.
• Medical Device Manufacturers aiming to enhance market competitiveness.
• Technology Providers focused on developing innovative IoT solutions.
• Investors and Analysts identifying growth opportunities in the healthcare IT ecosystem.

Stay ahead of the curve in the ever-evolving Medical Device Connectivity Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample/?rid=1909

Browse in-depth TOC on "Global Medical Device Connectivity Market Size"

202 - Pages

126 – Tables

37 – Figures

Report Scope

Global Medical Device Connectivity Market Overview

Surge in IoT-Enabled Healthcare Systems: The integration of IoT in healthcare is a major changer for the Medical Device Connectivity Market, allowing for smooth data interchange between devices and electronic health records (EHR). This advancement improves clinical workflows and patient outcomes, hence driving market growth. As healthcare providers prioritize real-time patient monitoring, demand for IoT-driven connectivity solutions grows, making it a critical investment for industry leaders trying to remain competitive.

Increasing Demand for Remote Patient Monitoring: Remote patient monitoring is altering the healthcare delivery model, driven by an aging population and an increase in chronic diseases. The Medical Device Connectivity Market gains greatly as hospitals and clinics engage in technology that connect patients with providers. This move not only provides continuity of care, but also allows connectivity solution providers to develop scalable, user-friendly systems.

Favorable Regulatory Frameworks: Governments and healthcare institutions around the world are implementing connectivity standards to increase interoperability and patient safety. These laws have accelerated the adoption of technologies in the Medical Device Connectivity Market. As compliance becomes obligatory, healthcare organizations are forced to improve their infrastructure, creating a significant need for dependable and compliant device connectivity solutions from industry innovators.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence/?rid=1909

Market Restraint:

High Initial Costs of Implementation: While the advantages of connected medical devices are clear, the significant initial expenditure necessary to establish these systems presents a hurdle. Healthcare facilities, particularly smaller clinics and hospitals, sometimes suffer economic constraints, which limit their capacity to implement innovative technologies. This cost barrier hinders the growth of the Medical Device Connectivity Market, prompting solution providers to focus on low-cost alternatives to unlock untapped market potential.

Cybersecurity Concerns: The networked nature of devices in the Medical Device Connectivity Market makes them vulnerable to data breaches and cyber-attacks. With sensitive patient information at stake, implementing strong security policies becomes critical. Healthcare providers may be hesitant to implement connected solutions owing to potential dangers, making it vital for suppliers to focus and show advanced cybersecurity safeguards in their products.

Lack of Skilled IT Professionals: Many healthcare institutions lack the specific knowledge required to adopt and manage linked medical devices. This skills gap may result in operational inefficiencies and underutilization of connectivity solutions, hindering the growth of the Medical Device Connectivity Market. Training programs and user-friendly technologies are critical to address this barrier and enable wider acceptance among healthcare providers.

Geographical Dominance

North America dominates the Medical Device Connectivity Market, owing to improved healthcare infrastructure, widespread implementation of IoT in medical devices, and favorable regulatory policies. This dominance spurs innovation as significant businesses concentrate on R&D to meet regional demands. Furthermore, the region's emphasis on patient-centric care and EHR integration pushes global markets to follow similar practices, accelerating the market's growth trajectory globally.

Key Players

The "Global Medical Device Connectivity Market" study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Capsule Technologies, Qualcomm, Inc., Cerner Corporation, Nanthealth, Inc., GE Healthcare, Koninklijke Philips N.V., Medtronic plc, Cisco Systems, Inc., Infosys Limited, Digi International, Masimo Corporation, and Hill-Rom Technologies, True Process, iHealth Labs, & Lantronix, Inc.

Medical Device Connectivity Market Segment Analysis

Based on the research, Verified Market Research has segmented market into Product & Service, Component, Application and Geography.

• Medical Device Connectivity Market, by Product & Device
  • Medical Device
  • Connectivity Solutions
  • Medical Device
  • Connectivity Services
• Medical Device Connectivity Market, by Component
  • Wireless Technologies
  • Wired Technologies
  • Hybrid Technologies
• Medical Device Connectivity Market, by Application
  • Hospitals
  • Home Healthcare
• Medical Device Connectivity Market, by Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East & Africa
    • Latin America

Browse Related Reports:

Global Wearable Medical Devices Market Size By Device Type (Wearable Vital Sign Monitors, Wearable Health and Fitness Trackers, Wearable Drug Delivery Devices, Wearable Electrocardiogram (ECG/EKG) Devices), By Group Age (Wearables for Pediatrics, Adult Wearables, Geriatric Wearables), By Channel of Distribution (Online Retail, Pharmacy/Retail Stores, Healthcare Providers), By Geography, And Forecast

Global Medical Device Contract Manufacturing Market Size By Device Type (IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices), By Service (Device Development and Manufacturing Services, Quality Management Services), By Application (Orthopedic, Cardiovascular, Respiratory), By Geography, And Forecast

Global Medical Device Reprocessing Market Size By Type (Critical Devices, Semi-Critical Devices, Non-Critical Devices), By Application (Cardiology, Gastroenterology, Gynaecology), By Geography, And Forecast

Global Medical Device Cleaning Market Size By Product (Detergents And Chemicals), By Process (Disinfection, Manual Cleaning, Automatic Cleaning, Presoaking/Precleaning), By Applications (Surgical Instruments, Ultrasound Probes, Endoscopes, Dental Instruments), By End-Users (Hospitals And Clinics, Dental Clinics And Hospitals, Diagnostic Centers), By Geography, And Forecast

Top 7 Medical Device Companies, investing in quality care, at international level

Visualize Medical Device Connectivity Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg 

SOURCE Verified Market Research