Global Medical Device Connectivity Market is Expecting Worldwide Growth

Posted on 2019-07-30 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Jul-30 — /EPR Network/ —

The global medical device connectivity market is witnessing considerable growth due to increasing implementation of electronic health records and health information exchange systems, increasing regulations for improving healthcare quality, growing demand for home healthcare due to increasing geriatric population, improved diagnosis of patient, and increasing healthcare IT initiatives.

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Moreover, increasing prevalence of chronic diseases, increasing emphasis on care quality and patient safety, and increasing need to reduce healthcare costs through a connected healthcare environment are supporting the demand of medical device connectivity. The medical device connectivity aids in data analytics and growing adoption of telehealth solutions are also driving the growth of the market. Based on product type, the market for service segment is expected to grow at the faster rate compared to solution during the forecast period, due to increasing requirement for maximum consumption of connectivity solutions by the user, increasing regulatory requirements and healthcare reforms, increasing implementation of healthcare information exchange system, and increasing need for effective implementation.

Each medical device has its own way to provide data. It is rare for the single medical device connectivity solution to fit the requirements of each medical device and the clinical workflow of various hospitals and care environment IT infrastructure. Medical device connectivity is communicating information of medical device with patient health record in a healthcare setting. It is used to control, configure, and monitor patient’s administration data such as timing, dose, rate and physiological data. It can help to improve patient outcomes by reducing errors that can contribute to misdiagnosis and drug errors, and clinicians time spend manually entering information. Medical device communication saves organizations time on lengthy repairs by communicating when preventive maintenance measures are to be taken.

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The key players operating in the global medical device connectivity market are GE Healthcare, Cerner Corporation, Cisco Systems Inc., Qualcomm Inc., Koninklijke Philips N.V., Medtronic Plc., Infosys Limited, and Digi International Inc.

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