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Medical Device Connectivity Market

Medical Device Connectivity Market (Wired hardware, Wireless hardware and Software) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019

Global Medical Device Connectivity Market: Snapshot

Rising penetration of electronic health record (EHRs) is creating need for faster exchange of healthcare information. Also, growing patient-centric approach has boosted demand for high quality care to ensure safety of patients is propelling growth of the global medical device connectivity market. Additionally, adoption of EHRs and connectivity devices in healthcare reduces cost and increases efficiency for data analytics is fuelling adoption of medical device connectivity which is likely to propel growth of the global medical device connectivity market.

However, high cost of deployment and unwillingness of healthcare providers to adopt new technologies over the traditional methods are limiting growth of the medical device connectivity market. Additionally, some issues related to integration between numerous devices, and data security are limiting growth of the global medical device connectivity market.  

According to the report by TMR, the global medical device connectivity market was valued at around US$ 3,500 million in 2012 and is anticipated to expand at a CAGR of around 37.8% from 2013 to 2019 to attain value of US$33.5 billion by the end of 2019.

Higher Adoption of Connectivity Devices from Hospitals to be Beneficial for Growth

On the basis of component, the global medical device connectivity market is segmented into wireless hardware, wired hardware, and software. Wireless hardware is further segmented in to Wi-Fi, web map tile service (WMTS), and Bluetooth. Of these, the wired hardware segment dominated the global medical device connectivity market and is expected to continue its dominance over the forecast period. This growth is attributable to the higher demand for wired hardware from end users due to efficient connectivity of these connectivity devices. However, demand for wireless hardware segment is growing from past few years. Of the wireless hardware, Wi-Fi has been identified as the most demanding sub-segment owing to its flexibility and advancement in connectivity.

On the basis of end user, the global medical device connectivity market is segmented into home healthcare, hospitals, and others. Of these, the global medical device connectivity market is dominated by the hospitals segment owing to higher adoption of medical devices from the hospitals and healthcare providers. However, growing trend of home healthcare is fuelling growth of the home healthcare segment in the medical device connectivity market.  

Continuously Growing Healthcare Industry to Bolster Growth in Asia Pacific

On the basis of region, the global medical device connectivity market is segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World. Of these, North America is dominating the global market for medical device connectivity owing to higher adoption of new technology in the healthcare sector. Additionally, growing investment in the healthcare sector in order to improve the healthcare facilities are the key factor encouraging growth of the medical devices connectivity market. However, the Asia Pacific is expected to expand with faster CAGR due to higher population or patient’s pool and continuously growing healthcare industry in the region.

Key players operating in the medical device connectivity market include GE Healthcare, Qualcomm Life, Philips, Cerner Corporation, and NantHealth. The global medical devices market has highly consolidated vendor landscape owing to number of acquisitions, mergers, and partnerships in the market.

Medical Device Connectivity Market

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Chapter 1 Preface

1.1 Research description

1.2 Research scope

1.3 Research methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Market  Definition

3.2 Current trends in Market

3.3 Factor analysis

      3.3.1 Drivers

               3.3.1.1 Growing demand for home healthcare

               3.3.1.2 Saved nursing hours

               3.3.1.3 Improved diagnosis of patients

               3.3.1.4 Increased need for workflow automation

               3.3.1.5 Prevention of hospital readmissions

      3.3.2 Restraints

               3.3.2.1 Connectivity issues and operational challenges

               3.3.2.2 Security concerns

               3.3.2.3 Cost barrier for smaller healthcare units

      3.3.3 Opportunities

               3.3.3.1 Opportunities in Asia-Pacific

               3.3.3.2 Large untapped market

               3.3.3.3 Technological Innovations

3.4 Value chain analysis

3.5 Porter’s five forces analysis

      3.5.1 Bargaining power of suppliers

      3.5.2 Bargaining power of buyers

      3.5.3 Threat of substitutes

      3.5.4 Threat of new entrants

      3.5.5 Competitive rivalry

 

Chapter 4 Global Medical Device Connectivity Market by Component, 2013 – 2019

4.1 Introduction

4.2 Wireless Hardware

      4.2.1 Wireless hardware market size and forecast, 2011 – 2019 (USD million)

               4.2.1.1 Wi-Fi hardware

                          4.2.1.1.1 Wi-Fi hardware, market size and forecast, 2011 - 2019 (USD million)

               4.2.1.2 Wireless medical telemetry hardware

                          4.2.1.2.1 Wireless medical telemetry hardware, market size and forecast, 2011 - 2019 (USD million)

              4.2.1.3 Bluetooth hardware

                         4.2.1.3.1 Bluetooth hardware, market size and forecast, 2011 - 2019 (USD million)

4.3 Wired Hardware

      4.3.1 Wired hardware technology market size and forecast, 2011 – 2019 (USD million)

4.4 Software

      4.4.1 Software market size and forecast, 2011 – 2019 (USD million)

 

Chapter 5 Global Medical Device Connectivity Market by End User, 2013 – 2019

5.1 Introduction

5.2 Hospitals

      5.2.1 Hospitals market size and forecast, 2011 – 2019 (USD million)

5.3 Home healthcare

      5.3.1 Home healthcare, market size and forecast 2011 – 2019 (USD million)

5.4 Others (Long term care facilities, Skilled nursing homes, care homes)

      5.4.1 Others, market size and forecast 2011 – 2019 (USD million)

 

Chapter 6 Global Medical Device Connectivity Market by Geography, 2013 – 2019

6.1 Introduction

6.2 North America

      6.2.1 North America medical device connectivity market revenue, 2011 – 2019 (USD million)

6.3 Europe

      6.3.1 Europe medical device connectivity market revenue, 2011 – 2019 (USD million)

6.4 Asia Pacific (APAC)

      6.4.1 Asia Pacific medical device connectivity market revenue, 2011 – 2019 (USD million)

6.5 Rest of the World (ROW)

      6.5.1 Rest of the World medical device connectivity market revenue, 2011 – 2019 (USD million)

 

Chapter 7 Competitive Landscape

7.1 Market shares of key solution providers

      7.1.1 Market share of major players Solution providers in Medical Device connectivity Market, 2012 (%)

 

Chapter 8 Company Profiles

8.1 Capsule Tech Inc.

      8.1.1 Company overview

      8.1.2 Financial overview

      8.1.3 Business strategies

      8.1.4 Recent developments

8.2 Cerner Corporation

      8.2.1 Company overview

      8.2.2 Financial overview

      8.2.3 Business strategies

      8.2.4 Recent developments

8.3 Philips Healthcare

      8.3.1 Company overview

      8.3.2 Financial overview

      8.3.3 Business strategies

      8.3.4 Recent developments

8.4 Digi International Inc.

      8.4.1 Company overview

      8.4.2 Financial overview

      8.4.3 Business strategies

      8.4.4 Recent developments

8.5 Cisco Systems Inc.

      8.5.1 Company overview

      8.5.2 Financial overview

      8.5.3 Business strategies

      8.5.4 Recent developments

8.6 Siemens Healthcare

      8.6.1 Company overview

      8.6.2 Financial overview

      8.6.3 Business strategies

      8.6.4 Recent developments

8.7 Honeywell HomeMed LLC

      8.7.1 Company overview

      8.7.2 Financial overview

      8.7.3 Business strategies

      8.7.4 Recent developments

8.8 Dräger Medical GmbH

      8.8.1 Company overview

      8.8.2 Financial overview

      8.8.3 Business strategies

      8.8.4 Recent developments

8.9 eDevice Inc.

      8.9.1 Company overview

      8.9.2 Financial overview

      8.9.3 Business strategies

      8.9.4 Recent developments

8.10 Qualcomm Inc.

      8.10.1 Company overview

      8.10.2 Financial overview

      8.10.3 Business strategies

      8.10.4 Recent developments

8.11 Lantronix Inc.

      8.11.1 Company overview

      8.11.2 Financial overview

      8.11.3 Business strategies

      8.11.4 Recent developments

8.12 Cardiopulmonary Corporation

      8.12.1 Company overview

      8.12.2 Financial overview

      8.12.3 Business strategies

      8.12.4 Recent developments

8.13 GE Healthcare Ltd.

      8.13.1 Company overview

      8.13.2 Financial overview

      8.13.3 Business strategies

      8.13.4 Recent developments

List of Tables

 

TABLE 1 Global medical device connectivity market snapshot

TABLE 2 Impact analysis of drivers

TABLE 3 Impact analysis of restraints

TABLE 4 Number of electronic medical devices per hospital and percentage of total devices connected to EMR, 2010

TABLE 5 Wireless hardware, market size and forecast, 2011-2019 (USD million)

TABLE 6 Wireless  hardware market size and forecast, by geography 2011 – 2019 (USD million)

TABLE 7 Wired hardware market size and forecast, by geography 2011 – 2019 (USD million)

TABLE 8 Software market size and forecast, by geography 2011 – 2019 (USD million)

TABLE 9 Global medical device connectivity market size and forecast, by end user 2011 – 2019 (USD million)

TABLE 10 Hospital market size and forecast, by geography 2011 – 2019 (USD million)

TABLE 11 Home healthcare market size and forecast, by geography 2011 – 2019 (USD million)

TABLE 12 Others  market size and forecast, by geography 2011 – 2019 (USD million)

List of Figures

 

FIG. 1 Market Segmentation: Medical Device Connectivity Market

FIG. 2 Value chain analysis for medical devices connectivity market

FIG. 3 Porter’s five forces for medical devices connectivity market

FIG. 4 Medical Device Connectivity, market share (%), By component, 2012 and 2019

FIG. 5 Wi-Fi hardware market size and forecast, 2011 – 2019 (USD million)

FIG. 6 Wireless medical telemetry hardware market size and forecast, 2011 – 2019 (USD million)

FIG. 7 Bluetooth hardware market size and forecast, 2011 – 2019 (USD million)

FIG. 8 Wired hardware technology market size and forecast, 2011 – 2019 (USD million)

FIG. 9 Software market size and forecast, 2011 – 2019 (USD million)

FIG. 10 Minutes to obtain vital signs data from devices, in hospitals

FIG. 11 Hospitals market size and forecast  2011 – 2019 (USD million)

FIG. 12 Minutes to obtain vital signs data from devices, in home healthcare

FIG. 13 Home healthcare, market size and forecast 2011 – 2019  (USD million)

FIG. 14 Others, market size and forecast 2011 – 2019  (USD million)

FIG. 15 Global medical device market, by geography, 2012 and 2019 (%)

FIG. 16 North America  medical device connectivity market revenue,  2011 – 2019 (USD million)

FIG. 17 Europe  medical device connectivity market revenue,  2011 – 2019 (USD million)

FIG. 18 Asia Pacific medical device connectivity market revenue,  2011 – 2019 (USD million)

FIG. 19 RoW  medical device connectivity market revenue,  2011 – 2019 (USD million)

FIG. 20 Market share of major Solution providers in Medical Device Connectivity Market, 2012 (%)

FIG. 21 Cerner Corporation annual revenue, 2010–2012 (USD million)

FIG. 22 Philips Healthcare annual revenue, 2010–2012 (USD million)

FIG. 23 Digi International Inc. annual revenue, 2010–2012 (USD million)

FIG. 24 Cisco Systems Inc. annual revenue, 2010–2012 (USD million)

FIG. 25 Siemens Healthcare annual revenue, 2010–2012 (USD million)

FIG. 26 Dräger Medical GmbH annual revenue, 2010–2012 (USD million)

FIG. 27 Qualcomm Inc. annual revenue, 2010–2012 (USD million)

FIG. 28 Lantronix Inc. annual revenue, 2010–2012 (USD million)

FIG. 29 GE Healthcare Ltd. annual revenue, 2010–2012 (USD million)

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