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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
The marketplace for medical product connection is growing in importance since it provides for improved patient monitoring and information systems, which is the market's main driver. Furthermore, networked medical devices transmit vital information such as maintenance schedules and device tracking via a real-time navigation system (RTLS).
Another important factor propelling the market growth is the growing market for homecare as a result of new technologies such as mobile health. In the event of a healthcare emergency in a home healthcare setting, the linked medical equipment can transmit notifications to physicians or concerned persons.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Philips Capsule Medical Device Information Platform reaches device integration milestone | Philips Capsule Medical Device Information Platform (MDIP) has passed the integration milestone with the introduction of new device drivers that enable integration and interoperability. | India | This would enhance better Technological Controls |
| 2 | EMR Gateway is being launched by Wipro with new advanced upgrades | In hospitals and laboratories, new innovations, and advancements at an accelerating trend, and some of these advancements have the potential to interact constructively if they're being incorporated successfully. | India | This would enhance better Technological Controls |
| 3 | ICMR at IITs for fostering medical device, diagnostics innovation | The ICMR will guarantee that the initiative is implemented on a wide scale, affecting economic growth through import substitution. | India | This would enhance better Technological Controls |
| 4 | New standards will help advance medical device connectivity | Better device compatibility might lead to a "quiet ICU," where alarms aren't continuously going off near a patient's bed. | India | This would enhance better Technological Controls |
| 5 | GE Healthcare expanded its AI offerings | It has integrated the Edison ecosystem as well as pioneering imaging technologies to help define the future of healthcare. | India | This would enhance better Technological Controls |
Nevertheless, certain security threats, such as medical confidentiality, function as a roadblock to industry expansion. Additionally, small healthcare institutions cannot afford the added expense of connecting medical equipment, limiting market expansion. Connectivity and operational issues in remote regions, particularly in developing nations, are another market limitation.
The industry must persevere until technology breakthroughs made by market participants become powerful enough to overcome these obstacles.
Medtronic is a prominent developer of the latest integrated technologies focusing on better smarter connectivity and digitisation systems for the future. The latest integration of the Vital Sync virtual healthcare monitoring network (VPMP) combines and delivers physiological data from your devices to your hospital's server.
Such software platform centralises vital patient knowledge and allowed to access it from anywhere on the health system using web-enabled smartphones.
Philips is part of the component manufacture trending companies in the current industry. The latest technology integration has been focused on Philips Capsule MDIP takes streaming clinical data and converts it into meaningful insights for patient care management, with the goal of improving care team cooperation, streamlining clinical procedures, and increasing productivity.
It's a digital transformation of a health system that uses sophisticated, vendor-agnostic technologies to turn complicated data into meaningful insights. Drivers are created in partnership with device manufacturers and at the request of certain hospitals and health systems.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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