• In February 2023, the province of Nova Scotia, in collaboration with the Nova Scotia Health Authority (NSHA) and IWK Health (IWK), entered into a 10-year agreement with Oracle Cerner to implement an integrated electronic care record across the province. This technology aims to improve access to patient information for healthcare professionals.

• In October 2023, Philips announced new interoperability capabilities that offer a comprehensive view of patient health for improved monitoring and care coordination. The interoperability of Philips' Capsule Medical Device Information Platform (MDIP) with the Philips Patient Information Center iX (PIC iX) provides hospitals with a first-of-its-kind, comprehensive patient overview. Philips is creating an open patient monitoring ecosystem to integrate disparate medical devices and systems into a single interface. The interoperability between MDIP and PIC iX offers clinicians a new clinical perspective, enabling the capture of streaming data from various medical device manufacturers on an open, scalable, and secure platform.

• In January 2021, Koninklijke Philips N.V. entered into an agreement to purchase Capsule Technologies Inc. This move aimed to enhance Philips' position in delivering connectivity solutions for patient care management within hospital settings. Capsule Technologies, a prominent provider of medical device integration and data technologies to healthcare organizations, contributed to this strategy of expanding Philips' leadership in the field.

• In February 2021, Masimo Corporation introduced iSirona, a connectivity solution designed for integrating with EMRs, surveillance monitoring, managing alarms, providing mobile notifications, incorporating smart displays, and enabling analytics.

In this report, the Global Medical Device Connectivity Market has been segmented by Products and Services, Technology, Application, End User, and Geography.

Global Medical Device Connectivity Market, Segmentation by Products and Services

The Global Medical Device Connectivity Market has been segmented by Products and Services into Medical Device Connectivity Solutions, and Medical Device Connectivity Services.

Medical Device Connectivity Solutions
Medical device connectivity solutions represent around 70% of the market. This segment includes hardware and software that link medical devices to EHRs, facilitating real-time data exchange, improving clinical workflows, and enhancing patient safety.

Medical Device Connectivity Services
Medical device connectivity services make up approximately 30% of the market. These include consulting, installation, maintenance, and training services that support the deployment and optimal performance of connectivity solutions in healthcare environments.

Global Medical Device Connectivity Market, Segmentation by Technology

The Global Medical Device Connectivity Market has been segmented by Application into Wired Technologies, Wireless Technologies, and Hybrid Technologies.

Wired Technologies
Wired technologies make up approximately 45% of the medical device connectivity market. Known for their secure and stable connections, these solutions are essential in settings that demand high data integrity and uninterrupted communication.

Wireless Technologies
Wireless technologies account for about 35% of the market, offering flexible and mobile-friendly solutions. They enable remote monitoring and real-time data transmission, essential for dynamic healthcare environments.

Hybrid Technologies
Hybrid technologies comprise nearly 20% of the market. These solutions combine the benefits of both wired and wireless technologies, providing versatile and redundant connectivity for healthcare providers seeking reliability and flexibility.

Global Medical Device Connectivity Market, Segmentation by Application

The Global Medical Device Connectivity Market has been segmented by Application into Vital signs and patient monitors, Anesthesia machines & Ventilators, Infusion pumps, and Others.

Vital Signs and Patient Monitors
Vital signs and patient monitors hold about 40% of the market. These systems enhance clinical workflows by providing continuous real-time data integration with EHRs, improving patient safety and care.

Anesthesia Machines & Ventilators
Anesthesia machines and ventilators contribute approximately 25% of the market. Connectivity solutions deliver accurate and timely data transmission, enhancing respiratory monitoring and anesthesia management during surgeries and intensive care.

Infusion Pumps
Infusion pumps make up around 20% of the market. Integration with health IT systems ensures precise drug delivery, reduces medication errors, and supports remote monitoring for critical care patients.

Others
Other applications represent nearly 15% of the market, including imaging systems, implantables, and wearables. Connectivity solutions in these devices support comprehensive health monitoring, enhancing diagnosis and treatment precision.

Global Medical Device Connectivity Market, Segmentation by End User

The Global Medical Device Connectivity Market has been segmented by End User into Hospitals, Home Healthcare Centers, Diagnostic Centers, and Ambulatory Care Centers.

Hospitals
Hospitals hold about 60% of the global medical device connectivity market. Connectivity solutions enhance real-time patient monitoring, streamline clinical workflows, and integrate data into EHRs, improving overall patient care and outcomes.

Home Healthcare Centers
Home healthcare centers contribute approximately 15% of the market. Connectivity solutions support remote patient monitoring, enable seamless data transmission, and facilitate personalized care in home-based settings.

Diagnostic Centers
Diagnostic centers account for nearly 15% of the market. Integration of medical device data with diagnostic systems ensures efficient workflows, enhances test accuracy, and supports early detection of health conditions.

Ambulatory Care Centers
Ambulatory care centers represent around 10% of the market. Connectivity technologies support outpatient care, improve clinical workflows, and ensure accurate device data transmission for improved decision-making in minor procedures and consultations.

Global Medical Device Connectivity Market, Segmentation by Geography

In this report, the Global Medical Device Connectivity Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Global Medical Device Connectivity Market Share (%), by Geographical Region

North America
North America captures nearly 40% of the global medical device connectivity market. Advanced healthcare systems, strong digital health adoption, and a robust presence of leading players drive regional dominance.

Europe
Europe represents about 30% of the market. Countries like Germany, France, and the UK lead in adopting connected medical technologies, backed by supportive regulations and focus on patient safety.

Asia Pacific
Asia Pacific accounts for nearly 20% of the market, driven by rapid healthcare digitization, rising government investments, and growing demand for connected health solutions, especially in China, India, and Japan.

Middle East & Africa
Middle East & Africa contribute around 5% of the market. The region’s growth is supported by improved healthcare systems, rising demand for digital solutions, and efforts to bridge infrastructure gaps.

Latin America
Latin America makes up approximately 5% of the market. Growth in countries like Brazil and Mexico is driven by increasing healthcare investment, rising digitization, and growing awareness of connected care solutions.