A reliable Wireless Medical Device Connectivity market report takes into consideration diverse segments of the market analysis that today’s businesses ask for. This report underlines the moves of key market players like product launches, joint ventures, developments, mergers and acquisitions which is affecting the market and ABC Industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The base year for calculation in the report is taken as 2022 whereas the historic year is 2021 which will tell how the Wireless Medical Device Connectivity market is going to perform in the forecast years by informing what the market definition, classifications, applications, and engagements are.
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.
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Wireless medical devices provide more comprehensive connectivity, enabling continuous patient monitoring while they are in motion. Wi-Fi and bluetooth components are included in wireless medical equipment, which continue to raise the bar for healthcare around the world.
COVID-19 Impact on Wireless Medical Device Connectivity Market
The COVID-19 outbreak significantly impacted the market for wireless medical device connectivity because of the surge in demand for remote monitoring and patient engagement tools. COVID-19 has increased the demand for medical device connectivity integration in hospital and home care settings in patient monitoring systems and devices. On the other hand, manufacturers are primarily concentrating on growing their product portfolios to meet this expanding demand. A number of medical establishments are aggressively extending patient monitoring to temporary settings like home care. Additionally, demand for specific products related to the COVID-19 response has increased, including point-of-care cardiac monitoring devices, wireless monitoring systems, and respiratory equipment
Some of the major players operating in the wireless medical device connectivity market 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.)
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Key questions answered
- How feasible is Wireless Medical Device Connectivity Market for long-term investment?
- What are influencing factors driving the demand for Wireless Medical Device Connectivity near future?
- What is the impact analysis of various factors in the Global Wireless Medical Device Connectivity market growth?
- What are the recent trends in the regional market and how successful they are?
- Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America
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