Medical Device Connectivity Market, By Component (Wired hardware, Wireless hardware (Wi-Fi, WMTS, Bluetooth), Software), By End User (Hospitals, Home healthcare, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

Published In : Jul 2023

Code : CMI3948

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Medical Device Connectivity MarketSize and Trends

Global Medical Device Connectivity market is estimated to be valued at US$ 3.5 Billion in 2023 and is expected to exhibit a CAGR of 25.8% during the forecast period (2023-2030). An increase in product launches by key market players is expected to drive market growth over the forecast period. Moreover, an increase in the prevalence of cancer is also expected to drive the market growth.

Increasing product launches by key market players is expected to drive market growth over the forecast period. For instance, on April 27, 2023, Honeywell International Inc., a U.S.-based multinational conglomerate corporation, announced that they have launched a new real-time health monitoring system, which captures and records patients’ vital signs both within the hospital setting and remotely. It uses advanced sensing technology to monitor vital signs via a skin patch, which connects the data instantaneously to healthcare providers on mobile devices and an online dashboard.