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SOURCE Research and Markets
DUBLIN, February 10, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jkghwk/medical_device) has announced the addition of the "Concise Analysis of the International Medical Device Connectivity Market - Forecasts to 2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Acquiring medical device data for automated documentation in an Electronic Medical Record (EMR) is referred to as connectivity of medical devices. Medical device connectivity (MDC) is related to establishment and maintenance of a connection between medical devices and information system for efficient data transfer. It eliminates the need for manual data entry and includes more frequent and faster data updates, improves workflow efficiency and minimizes human data entry errors.
The MDC market is driven by various factors such as increased need for workflow automation, increased patient safety and minimizing the need for re-admissions among others. The global MDC market was valued at USD 3,500 million in 2012 and is expected to grow at a CAGR of 37.8% during the forecast period from 2013 to 2019. However, connectivity and operational issues, cost barriers for smaller healthcare units and security concerns are some of the factors inhibiting the growth of this market.
In terms of end use application, hospital is the largest segment and accounted for 80% share in 2012. Hospital connectivity facilitates clinicians, access to correct, complete patient data anytime that enhances the patient safety with fast and accurate diagnosis. Asia Pacific and RoW are still untapped and expected to grow relatively faster during the forecast period in terms of MDC in hospitals.
In terms of component, wired hardware is the largest segment and accounted for 44.7% share in 2012.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Global Medical Device Connectivity Market by Component, 2013 - 2019
5 Global Medical Device Connectivity Market by End User, 2013 - 2019
6 Global Medical Device Connectivity Market by Geography, 2013 - 2019
7 Competitive Landscape
8 Company Profiles
For more information visit http://www.researchandmarkets.com/research/jkghwk/medical_device
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