Medical
device connectivity is defined as the integration of medical devices with
information systems. It is also referred to as biomedical device connectivity
or biomedical device integration. This connectivity assists in transfer of data
between a medical device and an information system. The term connectivity
implies the establishment and maintenance of a connection which facilitates the
transfer of data. Medical device integration eliminates manual data entry,
thereby reducing human error. It also facilitates frequent and fast data
updates, while ensuring better workflow efficiency. Medical device connectivity
is facilitated by wireless and wired networks. Wireless networks such as
wireless telemetry service, Wi-Fi and Bluetooth ensure better patient
monitoring in transit. On the other hand, wired networks incur high
installation costs. However, they offer efficient connectivity even in a closed
environment, are ubiquitously available and are stable as compared to wireless
networks.
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The
medical device connectivity market promises a double digit growth rate in the
near future due to the untapped market potential. At present, many hospitals
and clinics are focusing on the improvement of communications systems and
patient safety through adoption of workflow automation processes. Workflow
automation enables speedy and reliable data analysis. It demands
interoperability between various entities namely, healthcare professionals,
medical devices and communication systems. With the increased acceptance of
medical device connectivity, efforts of healthcare professionals of manual data
entry are eliminated and it enables better decision making.
The
increased need for workflow automation process and better communication
facilities are the major factors driving the growth of this market. The other
factors include increased strategic alliances and partnerships to cater to the
rising demand and increased investments in the development of integrated
medical devices. With the increasing incidence of technology piracy, it is
difficult to prevent the misuse of non-licensed technology over biomedical
device integration. This is a major restraint for the growth of this market.
The other factors include the security issues and the reliability of the
connection. GE Healthcare Ltd., Philips Healthcare, Capsule Technologies, Inc.,
Draeger Medical GmbH, Siemens Healthcare, Lantronix and Digi International are
some of the major players in the medical device connectivity market.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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