Medical Device Connectivity Market Share, Key Players, Growth and Forecast Report - P&S Intelligence

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The global medical device connectivity market is expected to advance at a substantial rate in future by P&S Intelligence.

NEW YORK - eTradeWire -- Ascribed to these factors, the global medical device connectivity market is expected to advance at a substantial rate in the coming years. Medical device connectivity help in analyzing data, which is important in the healthcare industry due to the growing utilization of telehealth solutions. The demand for medical device connectivity services is predicted to rise significantly in the near future, owing to the growing need for maximum consumption of connectivity solutions by users, surging implementation of healthcare information exchange system, rising regulatory demand for healthcare reforms, and increasing requirement for effective implementation.

The increasing adoption of telehealth solutions, growing need for interoperability because of medical devices connectivity solutions, shift of point-of-care diagnostics from hospitals to home care are some factors which are resulting in the rising demand for medical device connectivity. Other than these, the need for remote patient monitoring is increasing rapidly in the healthcare industry. This is due to the surging geriatric population and decreasing healthcare cost. For people suffering from chronic diseases particularly, remote monitoring services are highly beneficial, as people don't need to visit hospitals for check-ups frequently. This further provides medical professionals with more time to cater to the needs of people who are in more serious condition.

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Medical device communication also saves time of organizations on lengthy repairs by providing information regarding when preventive maintenance measure need to be taken. Geographically, North America is expected to emerge as the fastest-growing  medical device connectivity market ( in the coming years. This is because of the surging requirement for eHealth solutions, rising funding for advancements in the medical sector, better accessibility to technologies, and rising government focus on the quality of care in the region.

In conclusion, the demand for medical device connectivity is growing due to the need for remote patient monitoring and reducing the cost of healthcare.

Vijay Kumar

Source: P&S Intelligence
Filed Under: Business

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