Skip to main content

Medical Device Connectivity Market Slated to Amass at US$33.5 Bn by the end of 2019

Transparency Market Research has recently published a market research report which provides a thorough analysis of the global medical device connectivity market. The report titled, “Medical Device Connectivity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019” states that the global (MDC) medical device connectivity market has been valued at US$33.5 billion in 2019 with a CAGR of approximately 37% between 2013 and 2019. The global MDC market was worth US$3500 million in 2012.The primary use of MDC is made to remotely control, monitor and configure a patient’s administrative information, which compromises the dose given, its timings and the rate, along with physiological data and other important information. With this system, healthcare providers can take care of the patients more effectively. MDC also increases the clinical analytical potentialities and records an accurate and complete image of the patient’s condition.



The global medical device connectivity market has been experiencing a boost owing to the increasing demand for home healthcare. The use of MDC is expected to enhance diagnosis of patients along with saving the nursing hours. Prevention of readmissions in hospitals and the increasing requirement for workflow automation is propelling the demand of MDC systems in the forecast period. In spite of all the growth factors, operational challenges, connectivity issues, security concerns, and cost hindrance for small-sized healthcare units are expected to hamper the growth in demand of MDC in the forecast period.
Browse Full Research Report: https://www.transparencymarketresearch.com/medical-device-connectivity-market.html
The report has segmented the MDC market as per the components which are wireless hardware that comprises of WMTS, Bluetooth, and Wi-Fi. The other two components mentioned in the report are wired hardware and software. As per the report, in 2012, the segment of wired hardware held the largest share of the MDC market by recording 44.7% in terms of revenue. On the other hand, the extensive growth in adoption of wireless technology due to the cost-effectiveness and medical device portability is stimulating the demand of wireless hardware segment of MDC in the near future.

The report has further segmented the MDC market on the basis of end users such as home healthcare, hospitals, and other. On a geographical basis, the report includes Europe, North America, Asia-Pacific and ROW (Rest of the world). The report specifies that in 2011-2012, the U.S. market of MDC in home healthcare segment grew by 9% and is believed to grow further. The reliable connectivity and high speed internet makes it easy to monitor older patients at home with extra care and cut down on the heavy expenses of hospitals. The home healthcare segment is driving the demand of MDC market globally. The report also includes the key players sustaining in the market along with the detailed analysis to understand the growth prospects and challenged faced by them.

Comments

Post a Comment

Popular posts from this blog

Australia & New Zealand Herbal Supplements Market to Expand US$ 760.9 Mn by 2025

According to the report, titled “ Herbal Supplements Market: Australia & New Zealand Industry Analysis and Forecast, 2017–2025 ,” the market is expected to bring in US$ 434.9 Mn by the end of 2017. In the eight-year forecast period, the herbal supplement revenues in Australia & New Zealand will have soared at an impressive 7.2% CAGR. The region’s rich dietary culture and growing per capita healthcare expenditure will continue to favor the growth of its herbal supplements market. Increasing demand for herbal supplements to strengthen one’s immunity and a sizeable population of baby boomers are two crucial factors driving the sales of herbal supplements in Australia and New Zealand. Balancing diets of the common people continues to be a top priority of governments witnessing an alarming rise in food-related disorders. Some regions are augmenting their staple foods while others are adopting new edible products in their nutritionally deficient diets. On the same lines, the de...
Post a Comment
Read more

Fifth Wheel Coupling Market Projected to Value US$ 700 Mn by 2025

Persistence Market Research presents a new report titled ‘Fifth Wheel Coupling Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’ that studies the performance of the global fifth wheel coupling market over an eight year assessment period from 2017 to 2025. The report presents the value and volume forecasts of the global fifth wheel coupling market and provides important insights into the factors driving market growth as well as the factors restricting market growth. As per the assessment of Persistence Market Research, the global fifth wheel coupling market was estimated to be valued at nearly US$ 460 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 700 Mn in 2025 and in the process exhibit a CAGR of 5.4% during the period of forecast 2017-2025. Advanced Material Technology Positively Impacting the Global Fifth Wheel Coupling Market The adoption of advanced material technology in automobile components increases the load capacity as well as st...
Post a Comment
Read more

Building Automation Systems Market Will Amass at 11.1% CAGR by 2026

In reference to a new report published by Persistence Market Research, the global  building automation systems market  will showcase significant growth between 2016 and 2026. Manufacturers of building automation systems are rapidly adopting new regulations set across the globe and they are also lining up new products to meet rising market demand. The Persistence Market Research report titled,  “Building Automation Systems Market: Global Industry Analysis & Forecast, 2016-2026”,  talks in detail about the market psyche and also scrutinizes the market drifts which are expected to impact the future of the global building automation systems market. The global building automation systems market was valued more than US$ 43 Bn in 2015 and is expected to mint better revenue by the end of 2016, reaching approximately US$ 48 Bn. The market will continue its journey towards expansion and the market worth will reach US$ 141.1 Bn towards the end of 2026. The global building...
Post a Comment
Read more