- In July 2022, Abbott announced that the U.S. Food and Drug Administration (FDA) had designated its deep brain stimulation technology as a breakthrough device. This designation highlights the potential of the technology to significantly improve treatment options for patients with neurological disorders. Abbott's recognition by the FDA underscores its commitment to innovation in the field of neuromodulation and advancing patient care
- In March 2022, Cognosos, Inc., a leading provider of Real-Time Location Services (RTLS), launched LocationAI, an advanced machine learning-powered geolocation engine. This innovative technology enhances asset-tracking capabilities specifically designed for healthcare facilities, offering precise location tracking of medical equipment and personnel. The introduction of LocationAI reflects Cognosos's commitment to improving operational efficiency and patient care through cutting-edge tracking solutions
- In February 2021, Lantronix Inc. launched the EDS3000 Serial-to-Ethernet Servers, featuring multiple serial ports designed for Ethernet connectivity. These advanced servers facilitate remote access and management of a wide range of networking, IT equipment, and edge devices, streamlining operational efficiency. The introduction of such innovative solutions positions Lantronix to capture a significant share of the market by enhancing connectivity options for businesses
- In January 2021, Masimo launched the iSirona, a versatile and compact connectivity hub aimed at enhancing interoperability in diverse care settings. Designed to connect multiple medical devices, including patient monitors, pumps, and anesthesia machines, iSirona addresses the spatial constraints commonly encountered in operating rooms and intensive care units. This innovative solution underscores Masimo's commitment to improving healthcare efficiency and patient safety through seamless device integration
Frequently Asked Questions
The market is segmented based on Segmentation, By Product and Service (Medical Device Connectivity Solutions, and Medical Device Connectivity Services), Technology (Wired Technologies, Wireless Technologies, and Hybrid Technologies), Application (Vital signs and patient monitors, Anesthesia machines and Ventilators, Infusion pumps, and Others), End User (Hospitals, Home Healthcare Centers, Diagnostic Centers, and Ambulatory Care Centers) – Industry Trends and Forecast to 2031
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The Global Medical Device Connectivity Market size was valued at USD 2.67 USD Billion in 2023.
The Global Medical Device Connectivity Market is projected to grow at a CAGR of 25.5% during the forecast period of 2024 to 2031.
The major players operating in the market include , Cerner Corporation , Medtronic , Masimo , Koninklijke Philips N.V. , General Electric , Stryker , iHealth Labs , Cisco Systems , Lantronix , Infosys Limited , Silicon & Software Systems , Hill,Rom Services , Silex Technology America , Digi International , Baxter , TE Connectivity , Bridge,Tech , MediCollector .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
