Wireless Medical Device Connectivity Market to Surpass USD 9.80 Billion by 2029

PRESS RELEASE
Published March 20, 2023

The world class Wireless Medical Device Connectivity Market analysis report acts as an outstanding market report because it is produced with a number of critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report considers new product development from beginning to launch by performing detailed market study. An exceptional Wireless Medical Device Connectivity Market report also endows with evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.

Data Bridge Market Research analyses that the wireless medical device connectivity market which was USD 1.73 billion in 2021, would rocket up to USD 9.80 billion by 2029, and is expected to undergo a CAGR of 24.21% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Wireless Medical Device Connectivity market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Wireless Medical Device Connectivity market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the industry player and helps the companies to garner Wireless Medical Device Connectivity market revenue by understanding the strategic growth approaches.

Wireless Medical Device Connectivity Market Dynamics

Drivers

Increasing prevalence of telehealth

The market players have lucrative potential to the growing demand for technologies like telehealth, the trend toward home healthcare and telemedicine, and the use of cloud- and mobility-driven devices in the healthcare sector.

Increasing investment for healthcare infrastructure

The primary drivers of the market between 2022 and 2029 will be the COVID-19 outbreak, which has prompted people to seek out home-based healthcare, rising demand for remote patient monitoring, and more precise and effective patient analysis to enhance healthcare treatments. The need to reduce expenses through shorter patient stays, fewer office visits, and fewer readmissions is driving up market demand.

Growth of automated workflow

The expansion of automated workflow and documentation for patients’ safety and efficiency and the execution of rules regarding healthcare services also impact the market for wireless medical device connectivity.

Leading Wireless Medical Device Connectivity market Players 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)
Spectrum Medical (U.K.)
Hill-Rom Services Inc. (U.S.)
Iatric Systems Inc. (U.S.)
Silex Technology America Inc. (Japan)
Digi International Inc. (U.S.)
Baxter (U.S.)
T.E. Connectivity (Switzerland)
Bridge-Tech (U.S)
Medicollector (U.S.)

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Wireless Medical Device Connectivity market – Analysis to 2027 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. The report provides an overview of the Wireless Medical Device Connectivity market with the detailed segmentation by type, application, and region through in-depth traction analysis of the overall virtual reality industry. This report provides qualified research on the market to evaluate the key players by calibrating all the relevant products/services to understand the positioning of the major players in Wireless Medical Device Connectivity market.

The report is a combination of qualitative and quantitative analysis of the virtual reality industry. The market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

Market Segmentation:

The wireless medical device connectivity market is segmented on the basis of component and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Wi-Fi Hardware

Wireless Medical Telemetry Hardware

Bluetooth Hardware

End-User

Hospitals

Home Healthcare

Diagnostic Centers

Ambulatory Care

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Why Should You Buy This Report:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Wireless Medical Device Connectivity market.

Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

The key findings and recommendations highlight crucial progressive industry trends in the Wireless Medical Device Connectivity market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Conclusion:

The winning Wireless Medical Device Connectivity Market report can be relied upon for sure when taking key business decisions. The document works as a reputable source of information to offer a telescopic view of the current market trends, situations, opportunities and status. Moreover, this market report gives idea to clients about the market drivers and restraints extracted from SWOT analysis and also provides all the CAGR projections for the historic year 2020, base year 2021, and forecast period of 2022-2029. The geometric and numerical data brought together to generate an influential Wireless Medical Device Connectivity Market report is mostly signified with the graphs, tables, and charts which make this report more user-friendly.

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About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

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