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Medical device connectivity is collective term used for facilities through which through which data is transferred between a medical device, such as a patient monitor, and an information system. The usual benefits are similar to the benefits of Information Technology  and networking technology which includes faster and more frequent data updates, diminished human error, and improved workflow efficiency.

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The key drivers for medical device connectivity is the rise in uses of electronic health records and health information exchange systems. Further  need to reduce healthcare costs through a connected healthcare environment are supporting the demand of medical device connectivity. The medical device connectivity aids in data analytics and growing adoption of telehealth solutions are also driving the growth of the market. The growing adoption of telehealth solutions, shift of point-of-care diagnostics from hospitals to home care and increasing need for interoperability due to medical devices connectivity solutions are some of the major trends for the global medical device connectivity market.

The opportunities are in terms of integrating the healthcare systems especially collaboration with govt which can give national systems for integration. However, high cost of implementation for medical device connectivity platform in small healthcare organizations, lack of integration between various hospital information systems and medical devices, lack of standard interface, interoperability issues, security concerns, cost barrier for small healthcare units, and risk of data breaches are the key factors hampering the growth of the global market.Medical devices may be connected on wireless and wired networks. Wireless networks, including Wi-Fi, Wireless Medical Telemetry Service, and Bluetooth.  Wired networks are fast, stable, and highly available. Wired networks are usually more costly to install at first and require ongoing costs for maintenance, but allow connectivity of the organization in a closed environment.

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The medical device connectivity market is globally segmented into its component, technology, and region. On the basis of the component, the global market is segregated into medical devices connectivity services and medical devices connectivity solutions. Based on the technology, the market is categorized into hybrid technologies, wireless technologies, and wired technologies. Geographically, the medical device connectivity market is diversified into regions such as Asia Pacific, North America, Europe, and Rest of the World.The dominant region in the medical device connectivity market is North America. North America is followed by Europe and Asia-Pacific region.

The key market players that are involved in the medical device connectivity market include Bernoulli Enterprise Inc., Cerner Corporation, Digi International Inc., Honeywell Hommed Llc, Koninklijke Philips N.V., Medtronic Plc, Qualcomm Inc., TE Connectivity, Capsule Tech Inc., Cisco Systems Inc., GE Healthcare, Infosys Ltd., Lantronix Inc., Nanthealth Inc., and Siemens Healthcare Ag.

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Healthcare started to adopt IT in a way that is comparable to other industries. At first, computers became responsible for standardized and easy to automate tasks. Next, came the start of analyzing vast amounts of data. In time, everything from patient records to supply-chain management were automated and systems were integrated with one another. 

Today eHealth challenges include integrating innovations with existing operations, legacy systems and needs of patients and providers with digital healthcare. When developing new eHealth solutions, providers need to remember that what patients want isn’t complex.

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Technological advancements in the healthcare industry continue to provide new ways to improve the quality of care delivered to the patients while advancing the state of the global digital healthcare system.

A recent study published in the Journal of the American Medical Informatics Association showed that the patient data transmitted through Health Information Exchange (HIE) doesn’t solely depend on the technical aspects but also depends on the policies facilitating data exchange.

Hence, most of the countries are focusing on introducing new policies for data exchange through their HIE systems.

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Healthcare information technology offers results for data and security management of information associated with healthcare. These days, information technology has more effect on the expenditure quality and wellbeing related to healthcare. Some generally utilized applications in the healthcare industry incorporate electronic medical records, personal health records and healthcare records. During 2013, the worldwide market for healthcare information systems recorded revenues of about US$ 35.2 billion that is likely to increase equal to US$ 53.2 billion towards 2019 end. Throughout the conjecture period 2019, the worldwide market will increase at a 7.1% CAGR.

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Increasing aging populace, increasing expenses of healthcare services and heightening predominance of certain fatal diseases including coronary heart diseases, cancer and so forth are the major driving aspects of the worldwide market for healthcare information system. A few governments and in addition healthcare service providers are currently implementing these healthcare information systems to conform to the developing need of healthcare in a savvy way for therapeutic purposes. A few IT empowered services for developing markets and doctors in emerging nations viz. China and India are opening more up to date prospects for the worldwide healthcare information systems market.

On the other hand, an absence of skilled and trained experts and high costs of services and maintenance as well as issues associated to interoperability are the aspects which are hindering the market development. Assured trends foreseen in the worldwide market incorporates the rising popularity of cloud computing and also remote alongside the concentration in the direction of healthcare information of the patients.

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In terms of the application type, the global market is segmented into laboratory, pharmacy and hospital. Of these, the laboratory category has the biggest healthcare information systems market over the said period. In terms of the delivery mode, the global market is segmented into cloud-based, web-based and on-premise technology. In terms of the component type, the global market is segmented into services, hardware and software. Region-wise, the global market is studied across 4 prominent regions, namely APAC, North America, Europe along with Rest of the World. Al through the forecast period, the North America and Europe region are projected to continue to remain prevalent in the worldwide market for healthcare information systems as a result of increasing demand for improved facilities of healthcare as well as growing requirements of the integrated healthcare system. In addition, the APAC region is likely to reflect a higher expansion rate on account of the increasing market demand for healthcare information systems in several developing markets. 

The prominent companies active in the worldwide market for healthcare information systems are Nextgen healthcare Information System Inc., McKesson Corporation, Philips Healthcare, GE Healthcare and Others.

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