With Market Size Valued at $3.4 Billion by 2026, it`s a Healthy Outlook for the Global Medical Device Connectivity Market
SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Medical Device Connectivity - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 8077
Companies: 46 - Players covered include Bernoulli Enterprise, Inc.; Cerner Corporation; Cisco Systems, Inc.; GE Healthcare; iHealth Lab, Inc.; Infosys Ltd.; Koninklijke Philips N.V.; Lantronix, Inc.; Medtronic PLC; NantHealth, Inc.; Qualcomm, Inc.; True Process and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Hospitals, Home Healthcare, Ambulatory Care Centers, Imaging & Diagnostic Centers); Technology (Wired, Wireless, Hybrid); Type (Solutions, Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Medical Device Connectivity Market to Reach $3.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Medical Device Connectivity estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2026, growing at a CAGR of 20% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record a 19.6% CAGR and reach US$2.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21% CAGR for the next 7-year period.
The U.S. Market is Estimated at $417 Million in 2021, While China is Forecast to Reach $602.1 Million by 2026
The Medical Device Connectivity market in the U.S. is estimated at US$417 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$602.1 Million by the year 2026 trailing a CAGR of 19.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 17% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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