Medical Device Connectivity Market worth $4.9 billion by 2026

CHICAGO, July 21, 2021 /PRNewswire/ — According to the new market research report “Medical Device Connectivity Market by Product & Services (Integration Solutions, Telemetry, Connectivity Hubs), Technology (Wired, Hybrid), Application (Vital signs Monitors, Ventilators), End User (Hospitals), COVID-19 Impact – Global Forecast to 2026″, published by MarketsandMarkets™, the global market is projected to reach USD 4.9 billion by 2026 from USD 1.7 billion in 2021, at a CAGR of 24.4%.

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230 – Tables
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300 – Pages

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The Growth in this medical device connectivity solutions market is majorly driven by the increasing consolidation among healthcare providers, growth in the telehealth and remote patient monitoring markets, and the growing inclination towards home healthcare are expected to provide significant growth opportunities for players operating in the medical device connectivity market. The high burden of COVID-19, increasing healthcare costs, strong government support and initiatives, increasing need for data analytics in healthcare, and the growing focus on the quality of care and patient safety are further driving the market for medical device connectivity solutions across the globe.

The overall growth of various sectors has been heavily impacted by COVID-19, specifically in countries with a high incidence rate…