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Medical Device Connectivity Market Trends

  • Report ID: 4030
  • Published Date: Sep 16, 2024
  • Report Format: PDF, PPT

Medical Device Connectivity Market Trends

Growth Drivers

  • Widespread Acceptance of Medical Device Interoperability and Connectivity Solutions
  • Rising Demand for Data Analytics Amongst Healthcare Service Providers

Challenges

  • High Cost of Deployment in Small Healthcare Organizations
  • Concerns for Cybersecurity

Medical Device Connectivity Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

20.8%

Base Year Market Size (2023)

USD 2.43 billion

Forecast Year Market Size (2036)

USD 28.34 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 4030
  • Published Date: Sep 16, 2024
  • Report Format: PDF, PPT

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 – 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.
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