Showing posts with label Medical Device Connectivity Market. Show all posts
Showing posts with label Medical Device Connectivity Market. Show all posts

7 Aug 2014

Medical Device Connectivity Market Analysis and Forecast 2013 - 2019

Medical Device Connectivity Market (Wired hardware, Wireless hardware and Software) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019, the report on the global medical device connectivity market by US based market research company Transparency Market Research provides an in-depth analysis of various market segments and gives an insight about the major driving factors, restraints and opportunities of the medical device connectivity market in a global scenario. 

Browse the Full Medical Device Connectivity Market Report with TOC: http://www.transparencymarketresearch.com/medical-device-connectivity-market.html

According to the report, the global medical device connectivity (MDC) market is expected to grow from USD 3,500 million in 2012 to USD 33.5 billion in 2019, observing growth at a CAGR of 37.8% from 2013 to 2019, the forecast period of the report. The geographic section of North America was the largest market for MDC services in the year 2012 due to the rising awareness about the benefits of MDC systems in the healthcare industry. 

The major driving factors of the industry recognized by the report include the rising need for automation in workplaces, especially of healthcare facilities due to accuracies in data acquired, rising concerns about patient safety and the need for reducing time and efforts required for patient re-admission. The general population is becoming aware about the benefits offered by the integration of information technology and healthcare systems for faster and more accurate data transfer. This awareness is a leading factor for the rapid growth of this industry in the past few years. 

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However, factors such as operational and connectivity issues and financial constraints for smaller healthcare facilities could have a negative effect on the industry statistics in the coming years. 
The medical device connectivity market report focuses on three segments: components, end users or applications and geographic regions. 

Medical Device Connectivity Market by End-user wise, the segment of healthcare facilities (referred to as hospitals in the report), clearly leads the market and accounts for majority shares of demands for products and services from this market. In 2012, this segment accounted for nearly 80% shares of the overall global market of medical device connectivity services. Hospitality connectivity provides clinicians the access to complete and accurate data in automated manner, round the clock. This helps in enhanced patient safety and quick and better diagnosis. 

Medical Device Connectivity Market by Component wise, the segment of wired hardware accounted for the major shares of revenues, of nearly 44.7%, in 2012. The segment of wireless technology is expected to observe significant growth and widespread adoption owing to benefits such as cost optimization and medical device portability. Amongst the wireless technologies, Wi-Fi is the largest component segment and accounted for nearly 70.1% shares of the market in 2012. The segment of Bluetooth connectivity that features minimal cost, reduced size and energy efficiency, is also expected to affect the market in a positive manner.  

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

25 Jun 2014

Medical Device Connectivity Market - An Overview of Growth Factors 2013 - 2019

Medical Device Connectivity Market
The global Medical Device Connectivity (MDC) Market was worth USD 3.5 billion in 2012 and is expected to reach USD 33.5 billion by 2019, growing at a CAGR of 37.8% from 2013 to 2019. North America was the largest market for MDC in 2012 due to increasing adoption of Electronic Medical Records (EMRs) across the region.


The MDC market is driven by various factors including increased need for workflow automation, increased patient safety, saved nursing hours, increased productivity of healthcare institutions, and minimizing the need for re-admissions. Integration of data from important healthcare devices into EMR helps to not only save time but also eliminates transcription errors and improves the overall patient safety and care. Enforcement of government regulations regarding the necessity of EMR is expected to drive the market. However, connectivity and operational issues, cost barriers for small and mid-sized healthcare units and security concerns are some of the factors inhibiting the growth of this market.

Among all the components, wired hardware segment was the largest and accounted for 40% of the market share in 2012. Wireless connectivity technology is expected to witness widespread adoption in MDC owing to its compatibility, interoperability and cost effectiveness over wired technology. Different wireless technologies such as Wi-Fi, WMTS, and bluetooth are being used in connecting medical devices at hospitals, homes and other healthcare institutes.

Among different end use segments hospitals held the largest market share in 2012. It is expected to maintain leading position throughout the forecast period owing to increasing awareness in emerging regions including Asia Pacific and RoW. Home healthcare is the second largest end use segment and is expected to show strong growth during forecast period. The rise in certain medical conditions including high blood pressure, asthma, diabetes and other respiratory and cardiovascular diseases requiring continuous monitoring and care have been driving the market growth in this segment.

Geographically North America was the largest MDC market and accounted for 62% in 2012 owing to increased need of efficient health care management and increasing adoption of EMR. Growing penetration of EMR in countries such as Germany and UK among others is driving the MDC market in Europe.
Medical Device Connectivity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019

Capsule Tech Inc. is the leading solution provider of MDC market and held 41.5% of the total market in 2012. Other solution providers include Cerner Corporation, GE Healthcare, Phillips Healthcare, ISirona Inc., and others. The connectivity solution providers are focusing on research and development to introduce innovative affordable connectivity solutions.

Medical device connectivity market analysis, by component

  • Wireless hardware
  • Wi-Fi hardware
  • WMTS hardware                                
  • Bluetooth hardware
  • Wired hardware
  • Software
Medical device connectivity market analysis, by end user

  • Hospitals
  • Home healthcare
  • Others
In addition the report provides cross sectional analysis of the market with respect to the following geographical segments:

  • North America
  • Europe
  • Asia-Pacific
  • RoW (Rest of the World)
Browse all Technology & Media Market Research Reports @ http://www.transparencymarketresearch.com/technology-market-reports-8.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: 
sales@transparencymarketresearch.com
Web: 
http://www.transparencymarketresearch.com/

 

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