The report covers the forecast and analysis of the medical device interoperability market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the medical device interoperability market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical device interoperability market on a global level.
In order to give the users of this report a comprehensive view of the medical device interoperability market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the medical device interoperability market by segmenting the market based on the device type, industry participants, end-user, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Medical device interoperability is cost-efficient and can replace paper documentation with digital information that can be easy to log in, can be easily accessed, and can be easily stored. Due to medical device interoperability, components can interact with one another along with the monitoring of medical data via connectivity to the healthcare system database. Additionally, interoperability will increase safety, decrease treatment costs, and offer timely care. All these beneficial characteristics of interoperability will spur the expansion of the medical device interoperability industry over the forecast timeline.
Based on the device type, the market can be divided into monitoring devices, surgical devices, imaging devices & information systems, diagnostic devices, and therapeutic devices. On the basis of industry participants, the industry can be classified into clinical IT system vendors, healthcare system integrators, vendor-agnostic connectivity vendors, and medical device OEMs. In terms of end-user, the market for medical device interoperability can be sectored into hospitals, ambulatory cares, and clinics & imaging centers. Application-wise, the industry is classified into acute care settings, patient data repositories, and remote patient monitoring.
The key players included in the medical device interoperability industry include Masimo, Boston Scientific Corporation, Koninklijke Philips N.V., Nihon Kohden Corporation, NantHealth, Inc., Abbott, Siemens Healthcare Private Limited, Infosys Limited, Bernoulli, Spacelabs Healthcare, Cerner Corporation, Invivo Corporation, Medtronic, General Electric Company, Drägerwerk AG & Co. KGaA, Qualcomm Life, Inc., iHealth Labs Inc., Fukuda Denshi, and True Process.
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Industry Major Market Players