The upkeep of a connection between various medical equipment is known as medical device connectivity. It is utilised to get rid of any chance of human error. It facilitates data flow from one device to another more quickly and accurately. Both wired and wireless connections can be made between the devices.
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Data Bridge Market Research analyses that the wireless medical device connectivity market which was USD 1.73 billion in 2021, would rocket up to USD 9.80 billion by 2029, and is expected to undergo a CAGR of 24.21% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Increasing prevalence of telehealth
The market players have lucrative potential to the growing demand for technologies like telehealth, the trend toward home healthcare and telemedicine, and the use of cloud- and mobility-driven devices in the healthcare sector.
Increasing investment for healthcare infrastructure
The primary drivers of the market between 2022 and 2029 will be the COVID-19 outbreak, which has prompted people to seek out home-based healthcare, rising demand for remote patient monitoring, and more precise and effective patient analysis to enhance healthcare treatments. The need to reduce expenses through shorter patient stays, fewer office visits, and fewer readmissions is driving up market demand.
North America dominates the wireless medical device connectivity market because of the significant adoption of the wireless medical device connectivity and operability, growth in number of healthcare providers. Asia-Pacific is expected to grow in the market due to the rise in healthcare infrastructure.
The major players covered in the Wireless Medical Device Connectivity Market report are Cerner Corporation (U.S.), Medtronic (Ireland), Masimo (U.S.), Koninklijke Philips N.V. (Netherlands), General Electric (U.S.), Stryker (U.S.), iHealth Labs Inc., (U.S.), Cisco Systems Inc. (U.S.), Lantronix Inc. (U.S.), Infosys Limited (India), Silicon & Software Systems Ltd. (Ireland), Spectrum Medical (U.K.), Hill-Rom Services Inc. (U.S.), Iatric Systems Inc. (U.S.), Silex Technology America Inc. (Japan), Digi International Inc. (U.S.), Baxter (U.S.), T.E. Connectivity (Switzerland), Bridge-Tech (U.S), and Medicollector (U.S.) among others.
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