Medical Device Connectivity Market Share

Regionally, the global medical device connectivity market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to dominate 36% revenue share by 2036, attributed to presence of a strong healthcare network, especially in the United States, followed by growing awareness for the benefits associated with the adoption of digital transformation in health amongst the healthcare providers. In addition to this, the surge in adoption of EHRs and the increasing healthcare expenditure in the region are also expected to boost the market growth in the region.

APAC Market Statistics

On the other hand, the market in the Asia Pacific is expected to garner the second-largest revenue share of 10.45% by the end of 2036. The market in the region is further segmented by country into China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, and the Rest of Asia Pacific. The market in China is projected to garner the largest revenue of 4.4% by the end of 2036

Frequently Asked Questions (FAQ)

The widespread acceptance of medical device interoperability and connectivity solutions, and the rising demand for data analytics amongst healthcare service providers are anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 22.41% over the forecast period, i.e., 2022 â€“ 2031.

The high cost of deployment in small healthcare organizations, and the concerns for cybersecurity are estimated to hamper the market growth.

The market in North America region is anticipated to garner the largest revenue of USD 3944.79 Million by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Cerner Corporation (Oracle Corporation), General Electric Healthcare (General Electric Company), Infosys Limited, Cisco Systems Inc., and others.

Medical Device Connectivity Market Share