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North America Medical Device Connectivity Market Forecast to 2028 -Regional Analysis- Product Image
North America Medical Device Connectivity Market Forecast to 2028 -Regional Analysis- Product Image
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North America Medical Device Connectivity Market Forecast to 2028 -Regional Analysis

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    Report

  • 169 Pages
  • July 2023
  • Region: North America
  • The Insight Partners
  • ID: 5888091
UP TO OFF until Dec 31st 2024
Description Jump to:
The North America medical device connectivity market was valued at US$ 964.54 million in 2022 and is expected to reach US$ 3,315.31 million by 2028; it is estimated to register a CAGR of 22.8% from 2022 to 2028.

Massive Acceleration of Telehealth Services Amid COVID-19 Pandemic Fuels North America Medical Device Connectivity Market Growth

Due to the outbreak of COVID-19 in November 2019, the Centers for Disease Control and Prevention (CDC) issued a guidance in February 2020 for the healthcare providers and people residing in the affected areas to maintain social distancing and offer clinical services through virtual means such as telehealth. To examine changes in the frequency of use of telehealth services during the early pandemic period, CDC analyzed data from four of the largest US telehealth providers that offer services in all states. According to this data, the number of telehealth visits increased by 50% during the first quarter of 2020 as compared to the same period in 2019. Further, during the surveillance week 13 in 2020, the visits increased by 154% as compared to the same period in 2019. As telehealth bridged the gap between people, physicians, and health systems by enabling patients to stay at home and communicate with physicians through virtual channels, it is helping in reducing unnecessary visits to hospitals for minor issues. When combined with telehealth services, wearable technology can help care providers study real-time patient data to generate intelligent individualized insights and curate the best treatment plan from the comfort and safety of their homes.

North America Medical Device Connectivity Market Overview

The medical device connectivity market in North America is segmented into the US, Canada, and Mexico. The US is expected to be the largest contributor to the market in this region. The market growth in North America is ascribed to the rapid changes in the regulations of medical devices. According to a system architect of Drägerwerk AG and Co. KGaA, with continuous advancements in medical technology, interoperability capabilities between devices such as ventilators and fusion pumps have lagged. The standards of medical device interoperability are finalized and approved by the US Department of Health and Human Services' Office of the National Coordinator for Health Information Technology and the Centers for Medicare and Medicaid Services.

North America Medical Device Connectivity Market Revenue and Forecast to 2028 (US$ Million)

North America Medical Device Connectivity Market Segmentation

The North America medical device connectivity market is segmented on the basis of product and services, technology, application, end user, and country. Based on product and services, the North America medical device connectivity market is bifurcated into medical device connectivity solutions and medical device connectivity services. The medical device connectivity solutions segment registered a larger market share in 2022.

Based on technology, the North America medical device connectivity market is segmented into wireless technologies, hybrid technologies, and wired technologies. The wireless technologies segment registered the largest market share in 2022.

Based on application, the North America medical device connectivity market is segmented into vital signs and patient monitors, anesthesia machines and ventilators, infusion pumps, and others. The vital signs and patient monitors segment registered the largest market share in 2022.

Based on end user, the North America medical device connectivity market is segmented into hospitals, ambulatory surgical centers, imaging and diagnostic centers, and homecare settings. The hospitals segment registered the largest market share in 2022.

Based on country, the North America medical device connectivity market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

Cisco Systems Inc, Digi International Inc., GE HealthCare Technologies Inc, iHealth Labs Inc, Infosys Ltd, Koninklijke Philips NV, Lantronix Inc., Medtronic Plc, Oracle Corp, and Silicon & Software Systems Ltd are the leading companies operating in the North America medical device connectivity market.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Medical Device Connectivity Market - By Product and Services
1.3.2 North America Medical Device Connectivity Market - By Technology
1.3.3 North America Medical Device Connectivity Market - By Application
1.3.4 North America Medical Device Connectivity Market - By End User
1.3.5 North America Medical Device Connectivity Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Device Connectivity Market - Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Expert's Opinion
5. North America Medical Device Connectivity Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Penetration of Electronic Health Record (EHR) or Electronic Medical Records (EMR)
5.1.2 Massive Acceleration of Telehealth Services Amid COVID-19 Pandemic
5.2 Market Restraints
5.2.1 High Risk of Cyberattack
5.3 Market Opportunities
5.3.1 Promising 5G Technology to Enhance Medical Device Connectivity
5.4 Future Trends
5.4.1 Inclination Toward Home Healthcare
5.5 Impact Analysis
6. Medical Device Connectivity Market - North America Analysis
6.1 North America Medical Device Connectivity Market Revenue Forecast and Analysis
7. North America Medical Device Connectivity Market - Revenue and Forecast to 2028 - by Product and Services
7.1 Overview
7.2 North America Medical Device Connectivity Market Revenue Share, by Product and Services 2021 & 2028 (%)
7.3 Medical Device Connectivity Solutions
7.3.1 Overview
7.3.2 Medical Device Connectivity Solutions: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3 Medical Device Integration Solutions
7.3.3.1 Overview
7.3.3.2 Medical Device Integration Solution: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.3.4 Telemetry Systems
7.3.4.1 Overview
7.3.4.2 Telemetry Systems: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.3.5 Connectivity Hubs
7.3.5.1 Overview
7.3.5.2 Connectivity Hubs: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.3.6 Interface Devices
7.3.6.1 Overview
7.3.6.2 Interface Devices: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Medical Device Connectivity Services
7.4.1 Overview
7.4.2 Medical Device Connectivity Services: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3 Support and Maintenance Services
7.4.3.1 Overview
7.4.3.2 Support and Maintenance Services: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.4.4 Consulting Services
7.4.4.1 Overview
7.4.4.2 Consulting Services: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.4.5 Implementation and Integration Services
7.4.5.1 Overview
7.4.5.2 Implementation and Integration Services: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
7.4.6 Training Services
7.4.6.1 Overview
7.4.6.2 Training Services: Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Medical Device Connectivity Market Analysis - By Technology
8.1 Overview
8.2 North America Medical Device Connectivity Market, By Technology, 2021 & 2028 (%)
8.3 Wireless Technologies
8.3.1 Overview
8.4 Wired Technologies
8.4.1 Overview
8.4.2 Wired Technologies: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Hybrid Technologies
8.5.1 Overview
8.5.2 Hybrid Technologies: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
9. North America Medical Device Connectivity Market Analysis - By Application
9.1 Overview
9.2 North America Medical Device Connectivity Market, By Application, 2021 & 2028 (%)
9.3 Vital Signs and Patient Monitors
9.3.1 Overview
9.3.2 Vital Signs and Patient Monitors: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
9.4 Anesthesia Machines and Ventilators
9.4.1 Overview
9.4.2 Anesthesia Machines and Ventilators: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
9.5 Infusion Pump
9.5.1 Overview
9.5.2 Infusion Pump: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
10. North America Medical Device Connectivity Market Analysis - By End User
10.1 Overview
10.2 North America Medical Device Connectivity Market, By End User, 2021 & 2028 (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
10.4 Ambulatory Surgical Centres
10.4.1 Overview
10.4.2 Ambulatory Surgical Centres: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
10.5 Imaging and Diagnostic Centres
10.5.1 Overview
10.5.2 Imaging and Diagnostic Centres: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
10.6 Homecare Settings
10.6.1 Overview
10.6.2 Homecare Settings: Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
11. North America Medical Device Connectivity Market - Revenue and Forecast to 2028 - Country Analysis
11.1 Overview
11.1.2 North America: Medical Device Connectivity Market, by Country, 2021 & 2028 (%)
11.1.2.1 United States: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
11.1.2.1.1 Overview
11.1.2.1.2 United States: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
11.1.2.1.3 United States: Medical Device Connectivity Market, by Product and Services, 2019-2028 (US$ Million)
11.1.2.1.3.1 United States: Medical Device Connectivity Market, by Medical Device Connectivity Solutions, 2019-2028 (US$ Million)
11.1.2.1.3.2 United States: Medical Device Connectivity Market, by Medical Device Connectivity Services, 2019-2028 (US$ Million)
11.1.2.1.4 United States: Medical Device Connectivity Market, by Technology, 2019-2028 (US$ Million)
11.1.2.1.5 United States: Medical Device Connectivity Market, by Application, 2019-2028 (US$ Million)
11.1.2.1.6 United States: Medical Device Connectivity Market, by End User, 2019-2028 (US$ Million)
11.1.2.2 Canada: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
11.1.2.2.1 Overview
11.1.2.2.2 Canada: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
11.1.2.2.3 Canada: Medical Device Connectivity Market, by Product and Services, 2019-2028 (US$ Million)
11.1.2.2.3.1 Canada: Medical Device Connectivity Market, by Medical Device Connectivity Solutions, 2019-2028 (US$ Million)
11.1.2.2.3.2 Canada: Medical Device Connectivity Market, by Medical Device Connectivity Services, 2019-2028 (US$ Million)
11.1.2.2.4 Canada: Medical Device Connectivity Market, by Technology, 2019-2028 (US$ Million)
11.1.2.2.5 Canada: Medical Device Connectivity Market, by Application, 2019-2028 (US$ Million)
11.1.2.2.6 Canada: Medical Device Connectivity Market, by End User, 2019-2028 (US$ Million)
11.1.2.3 Mexico: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
11.1.2.3.1 Overview
11.1.2.3.2 Mexico: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
11.1.2.3.3 Mexico: Medical Device Connectivity Market, by Product and Services, 2019-2028 (US$ Million)
11.1.2.3.3.1 Mexico: Medical Device Connectivity Market, by Medical Device Connectivity Solutions, 2019-2028 (US$ Million)
11.1.2.3.3.2 Mexico: Medical Device Connectivity Market, by Medical Device Connectivity Services, 2019-2028 (US$ Million)
11.1.2.3.4 Mexico: Medical Device Connectivity Market, by Technology, 2019-2028 (US$ Million)
11.1.2.3.5 Mexico: Medical Device Connectivity Market, by Application, 2019-2028 (US$ Million)
11.1.2.3.6 Mexico: Medical Device Connectivity Market, by End User, 2019-2028 (US$ Million)
12. North America Medical Device Connectivity Market-Industry Landscape
12.1 Overview
12.2 Inorganic Growth Strategies
12.2.1 Overview
12.3 Organic Growth Strategies
12.3.1 Overview
13. Company Profiles
13.1 iHealth Labs Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Oracle Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lantronix Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Infosys Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Digi International Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Cisco Systems Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Medtronic Plc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Koninklijke Philips NV
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 GE HealthCare Technologies Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Silicon & Software Systems Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Publisher
14.2 Glossary of Terms
List of Tables
Table 1. North America Medical Device Connectivity Market, Revenue and Forecast, 2019-2028 (US$ Mn)
Table 2. United States Medical Device Connectivity Market, by Product and Services - Revenue and forecast to 2028 (US$ Million)
Table 3. United States Medical Device Connectivity Market, by Medical Device Connectivity Solutions - Revenue and forecast to 2028 (US$ Million)
Table 4. United States Medical Device Connectivity Market, by Medical Device Connectivity Services - Revenue and forecast to 2028 (US$ Million)
Table 5. United States Medical Device Connectivity Market, by Technology - Revenue and forecast to 2028 (US$ Million)
Table 6. United States Medical Device Connectivity Market, by Application - Revenue and forecast to 2028 (US$ Million)
Table 7. United States Medical Device Connectivity Market, by End User - Revenue and forecast to 2028 (US$ Million)
Table 8. Canada Medical Device Connectivity Market, by Product and Services - Revenue and forecast to 2028 (US$ Million)
Table 9. Canada Medical Device Connectivity Market, by Medical Device Connectivity Solutions - Revenue and forecast to 2028 (US$ Million)
Table 10. Canada Medical Device Connectivity Market, by Medical Device Connectivity Services - Revenue and forecast to 2028 (US$ Million)
Table 11. Canada Medical Device Connectivity Market, by Technology - Revenue and forecast to 2028 (US$ Million)
Table 12. Canada Medical Device Connectivity Market, by Application - Revenue and forecast to 2028 (US$ Million)
Table 13. Canada Medical Device Connectivity Market, by End User - Revenue and forecast to 2028 (US$ Million)
Table 14. Mexico Medical Device Connectivity Market, by Product and Services - Revenue and forecast to 2028 (US$ Million)
Table 15. Mexico Medical Device Connectivity Market, by Medical Device Connectivity Solutions - Revenue and forecast to 2028 (US$ Million)
Table 16. Mexico Medical Device Connectivity Market, by Medical Device Connectivity Services - Revenue and forecast to 2028 (US$ Million)
Table 17. Mexico Medical Device Connectivity Market, by Technology - Revenue and forecast to 2028 (US$ Million)
Table 18. Mexico Medical Device Connectivity Market, by Application - Revenue and forecast to 2028 (US$ Million)
Table 19. Mexico Medical Device Connectivity Market, by End User - Revenue and forecast to 2028 (US$ Million)
Table 20. Recent Inorganic Growth Strategies in the medical device connectivity Market
Table 21. Recent Organic Growth Strategies in the medical device connectivity Market
Table 22. Glossary of Terms
List of Figure
Figure 1. North America Medical Device Connectivity Market Segmentation
Figure 2. North America Medical Device Connectivity Market, By Country
Figure 3. North America Medical Device Connectivity Market Overview
Figure 4. North America Medical Device Connectivity Market, by Product and Services
Figure 5. North America Medical Device Connectivity Market, By Country
Figure 7. North America: PEST Analysis
Figure 8. Experts\' Opinion
Figure 9. North America Medical Device Connectivity Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Medical Device Connectivity Market- Revenue Forecast and Analysis
Figure 11. North America Medical Device Connectivity Market Revenue Share, by Product and Services 2021 & 2028 (%)
Figure 12. Medical Device Connectivity Solutions: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Medical Device Integration Solution: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Telemetry Systems: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Connectivity Hubs: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Interface Devices: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Medical Device Connectivity Services: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Support and Maintenance Services: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Consulting Services: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Implementation and Integration Services: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Training Services: North America Medical Device Connectivity Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Medical Device Connectivity Market, by Technology, 2021 & 2028 (%)
Figure 23. Wireless Technologies: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. Wired Technologies: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Hybrid Technologies: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. North America Medical Device Connectivity Market, by Application, 2021 & 2028 (%)
Figure 27. Vital Signs and Patient Monitors: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 28. Anesthesia Machines and Ventilators: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 29. Infusion Pump: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 30. Others: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 31. North America Medical Device Connectivity Market, by End User, 2021 & 2028 (%)
Figure 32. Hospitals: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 33. Ambulatory Surgical Centres: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 34. Imaging and Diagnostic Centres: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 35. Homecare Settings: North America Medical Device Connectivity Market Revenue and Forecasts to 2028 (US$ Million)
Figure 36. North America: Medical Device Connectivity Market, by Key Country - Revenue (2021) (US$ Million)
Figure 37. North America: Medical Device Connectivity Market, by Country, 2021 & 2028 (%)
Figure 38. United States: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
Figure 39. Canada: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)
Figure 40. Mexico: Medical Device Connectivity Market - Revenue and forecast to 2028 (US$ Million)

Companies Mentioned

  • Cisco Systems Inc
  • Digi International Inc.
  • GE HealthCare Technologies Inc
  • iHealth Labs Inc
  • Infosys Ltd
  • Koninklijke Philips NV
  • Lantronix Inc.
  • Medtronic Plc
  • Oracle Corp
  • Silicon & Software Systems Ltd

Table Information

Report AttributeDetails
No. of Pages169
PublishedJuly 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 964.54 million
Forecasted Market Value ( USD ) by 2028 $ 3315.31 million
Compound Annual Growth Rate22.8%
Regions CoveredNorth America
No. of Companies Mentioned10

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About the Medical Device Connectivity Market

The Medical Device Connectivity market is a rapidly growing sector of the medical device industry. It involves the integration of medical devices with other systems, such as electronic health records (EHRs), to enable the exchange of data between them. This allows for improved patient care, as well as the ability to monitor and analyze data from multiple sources. It also enables the sharing of data between different healthcare providers, allowing for better collaboration and improved patient outcomes. Medical Device Connectivity solutions are used in a variety of healthcare settings, including hospitals, clinics, and home care. They are also used in research and development, as well as in the manufacturing of medical devices. Some of the companies in the Medical Device Connectivity market include Philips Healthcare, GE Healthcare, Cerner Corporation, Epic Systems Corporation, and Siemens Healthineers. Show Less Read more

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