Medical Device Connectivity Market : Facts, Benefits, Figures and Analytical Insights

Electronic data is a rapidly developing adoption in the healthcare IT market. EHR databases and software offer rich resources to enhance precision medicine development. As per the NCHS (National Center for Health Statistics) at the CDC (Center for Disease Control and Prevention), U.S., the EHR adoption by primary care physicians surged from 72.1% in 2013 to 78.6% in 2014, witnessing an increase of 6.5%. Furthermore, the COVID-19 pandemic increased the demand for medical device connections, which boosted the growth and expansion of the market in the future.

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Data Bridge Market Research analyses that the medical device connectivity market, which was USD 2.13 billion in 2022, would rise to USD 13.13 billion by 2030 and is expected to undergo a CAGR of 25.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Medical device connection (MDC) is a patient-oriented integrated medical equipment system that evaluates and observes patients' electronic health records (EHR). Medical gadgets connected through wireless network technologies enable medical care personnel to be on a patient at all times, even when not around. Hospitals demand thorough, accurate, and detailed medical device data enhance clinical outcomes and patient safety as medical device technology advances.

Key players operating in the medical device connectivity market are:

Cerner Corporation (U.S.)
Medtronic (Ireland)
Masimo (U.S.)
Koninklijke Philips N.V. (Netherlands)
General Electric (U.S.)
Stryker (U.S.)
iHealth Labs Inc., (U.S.)
Cisco Systems, Inc. (U.S.)
Lantronix Inc. (U.S.)
Infosys Limited (India
Silicon & Software Systems Ltd. (Ireland)

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