Global medical device interoperability market was valued at US$ 1,827.1 million in 2018 and is expected to reach US$ 10,829.5 million by 2027, growing at an estimated CAGR of 22.1% over the forecast period. Increasing focus on patient-centric care, government initiatives for improving patient care and safety, rising need to curb increasing healthcare costs, and technological advancements are anticipated to propel the growth in medical device interoperability market.
Health care is undergoing a huge revolution as technology is largely being used to engage consumers, patients and caregivers to provide real-time support and information with proper use of data and analysis. Health care industry is also focusing on decreasing errors occurring while conducting various medical procedures and improving quality of operational efficiency. Patient’s health records are captured in different formats like payer application, structured electronic health care records, multiple hospital information system and others. This inconsistency makes it difficult to combine patient data and confidential information at one place for proper maintenance, supply and analytics. In terms of regions, the North America region continues to witness highest adoption of device interoperability solutions. This is attributed to several reasons which include implementation of stringent regulations for handling of patient data and relatively higher spending on healthcare digitization.
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This market research report on the Global Medical Device Interoperability Market is an all-inclusive study of the business sectors up-to-date outlines, industry enhancement drivers, and manacles. It provides market projections for the coming years. It contains an analysis of late augmentations in innovation, Porter’s five force model analysis and progressive profiles of hand-picked industry competitors. The report additionally formulates a survey of minor and full-scale factors charging for the new applicants in the market and the ones as of now in the market along with a systematic value chain exploration.
Top Key Players:
Some of the players operating in the medical device interoperability market are NantHealth, Inc, Bernoulli Enterprise, Inc., iHealth Lab Inc., Masimo Corporation, Nihon Kohden Corporation, True Process, Spacelabs Healthcare, Inc., Abbott, Cerner Corporation, Drägerwerk AG & Co. KGaA, Qualcomm Life, Inc., Medtronic, Infosys Limited, General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Fukuda Denshi Co., Ltd., Boston Scientific Corp, Invivo Corporation.
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The report answers important questions that companies may have when operating in the global Global Medical Device Interoperability market. Some of the questions are given below:
– What will be the size of the global Global Medical Device Interoperability market in 2027?
– What is the current CAGR of the global Global Medical Device Interoperability market?
– What products have the highest growth rates?
– Which application is projected to gain a lion’s share of the global Global Medical Device Interoperability market?
– Which region is foretold to create the most number of opportunities in the global Global Medical Device Interoperability market?
– Which are the top players currently operating in the global Global Medical Device Interoperability market?
– How will the market situation change over the next few years?
– What are the common business tactics adopted by players?
– What is the growth outlook of the global Global Medical Device Interoperability market?”
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