Medical Device Connectivity Market expected to reach USD 16.21 billion by 2032.

From GlobeNewswire: 2025-01-20 07:59:00

The Medical Device Connectivity Market is on a rapid growth trajectory, with a value of USD 2.45 billion in 2023 expected to reach USD 16.21 billion by 2032. This growth is driven by the increasing adoption of telehealth and remote patient monitoring, enhancing data exchange across healthcare systems.

Global healthcare organizations are prioritizing enhanced interoperability through medical device connectivity to improve patient outcomes. This allows seamless communication between devices like infusion pumps and monitoring systems, enabling real-time monitoring and improved decision-making in clinical settings.

The demand for connected medical devices is rising due to the prevalence of chronic diseases and remote patient care. These devices optimize hospital operations, reduce errors, and contribute to efficient management of electronic health records, ultimately leading to improved clinical outcomes.

Key growth drivers for the Medical Device Connectivity Market include innovations in AI, IoT, and 5G, alongside the rise of telemedicine and chronic disease management. This market encompasses various players offering solutions and services for seamless data exchange in healthcare settings.

Medical Device Connectivity Solutions dominate the market, accounting for over 50% of the market share in 2023. These solutions facilitate data exchange between devices and healthcare systems, driven by the increasing adoption of EHR systems and the need for interoperable devices.

Wireless technologies held the largest market share in 2023, accounting for 55% of the market. These technologies, including Wi-Fi, Bluetooth, and 5G, offer flexibility and real-time data transmission, ideal for remote patient monitoring and telemedicine. Hybrid technologies, combining wired and wireless solutions, are the fastest-growing segment, offering reliability and flexibility for healthcare environments. The Medical Device Connectivity Market is segmented by product & services, technology, application, and end user. Recent developments include Glassbeam partnering with the Department of Veterans Affairs and Mindray launching a wireless handheld ultrasound. Statistics show the impact of chronic diseases like heart disease, diabetes, and hypertension on the demand for connected medical devices.

The market analysis report offers insights into the market dynamics, statistical trends, competitive landscape, and regional analysis of the Medical Device Connectivity Market. With a focus on key points such as incidence and prevalence, prescription trends, device volume, and healthcare spending, the report provides a comprehensive overview of the market. SNS Insider is a leading market research and consulting agency providing valuable insights and data to help clients make informed decisions in a rapidly changing market environment.



Read more at GlobeNewswire: Medical Device Connectivity Market Size to Hit USD 16.21