(EMAILWIRE.COM, July 23, 2017 ) The global medical device connectivity market is projected to reach USD 1,344.1 Million by 2021 from ~USD 413.7 Million in 2016, at a CAGR of around 26% during the forecast period. Factors such as rising need to curtail healthcare costs, growing need to integrate healthcare systems for improving the quality of care, and growing efforts from healthcare providers to maximize their returns on investment are fueling the growth of this market. In addition, increasing adoption of EHR and healthcare information exchange systems, and rising demand for home healthcare is further encouraging the adoption of medical devices connectivity solutions. However, lack of standard interfaces, high installation costs of medical devices connectivity platforms and reluctance of healthcare professionals to adopt advanced healthcare IT solutions is hampering the uptake of medical devices connectivity solutions by healthcare organizations.
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In this report, the global market is segmented on the basis of component, technology, and end user. On the basis of component, the market is segmented into two segments namely medical devices connectivity services and solutions. On the basis of technology, the market is segmented into three segments, namely, wired technologies, hybrid technologies, and wireless technologies. On the basis of end user, the market is segmented into hospitals & clinics, home healthcare, and imaging & diagnostic centers.

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Geographically, the global market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America commanded the largest share of the global market. The major share of this region can be attributed to the better accessibility to technologies, strong government support and initiatives, increasing need for data analytics in healthcare, increasing implementation of EHRs, healthcare information exchange systems, and growing focus on quality of care and patient safety.

The prominent players in the global market are Qualcomm Inc. (U.S), Cerner Corporation (U.S.), NantHealth, Inc. (U.S.), Bernoulli Enterprise Inc. (U.S.), GE Healthcare (U.S.), Digi International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Lantronix, Inc. (U.S.), Philips Healthcare (Netherlands), and Infosys Limited (India).

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