Global Medical Device Connectivity Market Analysis 2021-2031

The global medical device connectivity market is anticipated to grow with a CAGR of 22.41% over the forecast period, i.e., 2022 - 2031. Factors such as the surge in the adoption of telehealth services, followed by the rising need for digital health transformation amongst the healthcare service providers are projected to drive the growth of the market in the coming years. Additionally, the rising need amongst the healthcare service providers to enhance their existing services and also adopt advanced information technology (IT) solutions for the optimization of their existing processes are also expected to boost the market growth. The market is estimated to garner a revenue of near to USD 10900 Million by the end of 2031, up from a revenue of about USD 1510 Million in the year 2021.

The global medical device connectivity market is segmented into numerous segments, which include segmentation by technology, end-user, and by region. By technology, the market is segmented into wireless, wired, and hybrid. By the end of 2031, the segment is anticipated to garner the largest revenue of around USD 5190 Million, up from a revenue of close to USD 670 Million in the year 2021.

On the basis of region, the global medical device connectivity market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America, amongst the market in all the other regions, is anticipated to garner the largest revenue of more than USD 3940 Million by the end of 2031. Moreover, in the year 2021, the market in the region generated a revenue of over USD 530 Million.

Some of the prominent industry leaders in the global medical device connectivity market that are included in our report are Cerner Corporation (Oracle Corporation), General Electric Healthcare (General Electric Company), Infosys Limited, Cisco Systems Inc., Koninklijke Philips N.V., Medtronic plc, iHealth Labs Inc., Masimo, Capsule Technologies, Digi International Inc., True Process Inc. (Baxter International, Inc.), LANTRONIX, INC., Hill-Rom Services, Inc., and others.