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MarketsandMarkets

Medical Device Connectivity Market- Forecast to 2021

$5,650.00

Report Published By: MarketsandMarkets
Publication Date : Oct-16
No. Of Pages: 170

The global medical device connectivity market is projected to reach USD 1,344.1 million by 2021, growing at a CAGR of around 26% during the forecast period. 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 2015, 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 2015, North America accounted for the largest share to the global medical device connectivity market, followed by Europe, Asia-Pacific, and the RoW. Growth in the North American market is largely driven by the better accessibility to technologies in this region, increasing funding to innovation in medical sector, increasing demand for eHealth solutions and services in large hospitals and health systems, changing regulations, and rising geriatric population.

Some of the major players in the medical device connectivity 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).

Research Coverage
? Detailed insights on all the submarkets, based on component (medical device connectivity solutions and services), based on technology (wireless technologies, wired technologies, and hybrid technologies). This can help market players to identify key technology areas, and high growth segments in the medical device connectivity market.

? The report also provides information on key players in this market and their growth strategies and recent developments. This can help the company to assess the competition at global and regional levels in a better manner.


? Key insights and market sizing for the different end users of the medical device connectivity market namely, hospitals & clinics, home healthcare, and diagnostic & imaging centers.

? Country-wise market size and forecast for all the subsegments. Thus, not only the high growth technology and product areas; the market size numbers provided in the report will also enable market players to identify key geographic markets, and thereby strategize global marketing efforts in order to achieve sustainable revenue growth in the coming years.

? It provides key insights on market dynamics, such as drivers, restraints, opportunities, and challenges for this market.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.

This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product portfolios offered by top players in the medical device connectivity market. The report analyzes the medical device connectivity market by component, technology, and end user across all regions
• Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the medical device connectivity market
• Market Development: Comprehensive information on the lucrative emerging markets by component, technology, end user, and region
• Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the medical device connectivity market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analysis of leading players in the medical device connectivity market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.2.1 MARKETS COVERED 17
1.2.2 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 18
1.4 LIMITATIONS 18
1.5 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.2 MARKET SIZE ESTIMATION 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 MARKET SHARE ESTIMATION 26
2.5 ASSUMPTIONS FOR THE STUDY 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 MEDICAL DEVICE CONNECTIVITY: MARKET OVERVIEW 31
4.2 EUROPE: MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT 32
4.3 MEDICAL DEVICE CONNECTIVITY MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES (2015) 33
4.4 NORTH AMERICA TO WITNESS THE HIGHEST GROWTH IN THE MEDICAL DEVICE CONNECTIVITY MARKET FROM 2016 TO 2021 34
4.5 MEDICAL DEVICE CONNECTIVITY MARKET, BY END USER, 2016 VS. 2021 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 KEY MARKET DYNAMICS 37
5.2.1 KEY MARKET DRIVERS 38
5.2.1.1 Increasing implementation of electronic health records & health information exchange systems 38
5.2.1.2 Growing focus on care quality and patient safety 38
5.2.1.3 Healthcare IT initiatives driving the integration of medical devices with hospital information systems 39
5.2.1.4 Rising need to curtail healthcare costs through a connected healthcare environment 39
5.2.1.5 Medical device connectivity aids in data analytics 40
5.2.2 KEY MARKET RESTRAINTS 41
5.2.2.1 High cost of deployment for small healthcare organizations limits the adoption of advanced solutions 41
5.2.2.2 Reluctance among medical professionals to adopt advanced healthcare IT solutions 41
5.2.3 KEY MARKET OPPORTUNITIES 42
5.2.3.1 Increasing consolidation in the healthcare industry 42
5.2.3.2 Growing telehealth and remote patient monitoring markets 42
5.2.4 KEY MARKET CHALLENGES 43
5.2.4.1 Integration between various hospital information systems and medical devices 43
5.2.4.2 Security concerns and risk of data breaches 44
6 INDUSTRY INSIGHTS 45
6.1 INTRODUCTION 45
6.2 INDUSTRY TRENDS 45
6.2.1 GROWING NEED FOR SEMANTIC INTEROPERABILITY THROUGH MEDICAL DEVICE CONNECTIVITY SOLUTIONS 45
6.2.2 TRANSITION OF POC DIAGNOSTICS FROM HOSPITALS TO HOME 46
6.2.3 GROWING ADOPTION OF TELEHEALTH SOLUTIONS 46
6.3 PRODUCT PORTFOLIO ANALYSIS 46
6.4 REGULATORY ANALYSIS 48
7 GLOBAL MEDICAL DEVICE CONNECTIVITY MARKET, BY PRODUCT 51
7.1 INTRODUCTION 52
7.2 MEDICAL DEVICE CONNECTIVITY SOLUTIONS 53
7.2.1 MEDICAL DEVICE INTEGRATION/NETWORKING SOLUTIONS 55
7.2.2 INTERFACE DEVICES 57
7.2.3 TELEMETRY SYSTEMS 58
7.3 MEDICAL DEVICE CONNECTIVITY SERVICES 59
7.3.1 SUPPORT & MAINTENANCE SERVICES 60
7.3.2 IMPLEMENTATION & INTEGRATION SERVICES 61
7.3.3 TRAINING SERVICES 62
8 GLOBAL MEDICAL DEVICE CONNECTIVITY MARKET, BY TECHNOLOGY 64
8.1 INTRODUCTION 65
8.2 WIRED TECHNOLOGIES 66
8.3 HYBRID TECHNOLOGIES 68
8.4 WIRELESS TECHNOLOGIES 69
9 GLOBAL MEDICAL DEVICE CONNECTIVITY MARKET, BY END USER 71
9.1 INTRODUCTION 72
9.2 HOSPITALS & CLINICS 73
9.3 HOME HEALTHCARE 75
9.4 IMAGING & DIAGNOSTIC CENTERS 76
10 GLOBAL MEDICAL DEVICE CONNECTIVITY MARKET, BY REGION 77
10.1 INTRODUCTION 78
10.2 NORTH AMERICA 79
10.2.1 U.S. 84
10.2.2 CANADA 87
10.3 EUROPE 91
10.3.1 GERMANY 96
10.3.2 FRANCE 99
10.3.3 U.K. 102
10.3.4 REST OF EUROPE (ROE) 105
10.4 ASIA-PACIFIC 109
10.5 ROW 114
11 COMPETITIVE LANDSCAPE 118
11.1 OVERVIEW 118
11.2 STRATEGIC BENCHMARKING 119
11.2.1 INCREASING FOCUS ON AGREEMENTS, COLLABORATION, AND PARTNERSHIPS 120
11.3 COMPETITIVE SITUATIONS AND TRENDS 122
11.3.1 PARTNERSHIPS, AGREEMENTS, ALLIANCES, AND COLLABORATIONS 123
11.3.2 PRODUCT LAUNCHES 124
11.3.3 EXPANSIONS 125
11.3.4 ACQUISITIONS AND MERGERS 126
11.3.5 OTHER STRATEGIES 127
12 COMPANY PROFILES 128
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
12.1 INTRODUCTION 128
12.2 GE HEALTHCARE 129
12.3 QUALCOMM INC. 131
12.4 CERNER CORPORATION 134
12.5 NANTHEALTH, INC. 137
12.6 KONINKLIJKE PHILIPS N.V. 139
12.7 MEDTRONIC PLC 142
12.8 CISCO SYSTEMS, INC. 144
12.9 INFOSYS LIMITED 146
12.10 DIGI INTERNATIONAL INC. 148
12.11 LANTRONIX, INC. 151
12.12 BERNOULLI ENTERPRISE, INC. 153

*Details on MarketsandMarkets view, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments might not be captured in case of unlisted companies.
13 APPENDIX 154
13.1 INSIGHTS OF INDUSTRY EXPERTS 154
13.2 DISCUSSION GUIDE 155
13.3 OTHER DEVELOPMENTS 159
13.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 162
13.5 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 164
13.6 AVAILABLE CUSTOMIZATIONS 166
13.7 RELATED REPORTS 167

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