Device integration market is expected to grow ten-fold in next six years
According to a report from Transparency Market Research, the global medical device connectivity market will grow at a compound rate of 37.8 percent from 2013 to 2019, taking the current market worth $3.5 billion to over $33 billion by 2019.
Data integration from medical devices into EMRs helps save time, costs and eliminates human errors during documentation, and Meaningful Use clearly promises huge growth in the device integration. The market is already witnessing a steep rise with North America being the strongest contender. Thanks to increasing adoption of EMRs, and its continued growth is driven by factors such as increased need for workflow automation, efforts toward better patient safety, saved nursing hours, increased productivity of healthcare institutions, and minimizing the need for re-admissions. [twitter.com/HealthITplus]
The report also noted that wired hardware segment was the largest among all components and accounted for 40 percent of the markets share in 2012.
Due to increased proliferation of smartphones and tablets and widespread adoption of wireless connectivity technology such as Wi-Fi, WMTS and Bluetooth, more and more medical devices in hospitals, homes and other health institutes are getting connected.