Top 10 Players In Medical Device Connectivity Shaping The Healthcare In 2024

The Internet has become an inseparable part of our lives. From streaming videos on smartphone TVs and attending meetings at work to sharing information across the globe, everything has become effortless. With the advantage of IoT, the Internet plays vital role in healthcare by connecting several medical devices to each other. These connected medical devices are often referred to as medical device connectivity solutions. They help doctors to communicate and share data with other devices and health platforms.

The global medical device connectivity market went through significant growth in the past years. The market was valued at US$ 1.98 billion in 2022 and is projected to surge at US$ 22.26 billion by the end of 2031, racing ahead at a CAGR of 25.2% through 2031. Medical device connectivity solution companies play a significant role toward market growth.

Top 10 Companies in Medical Device Connectivity Solutions in 2024

1. Capsule Technologies Inc.

Headquartered in Andover, Massachusetts, USA, Capsule Technologies Inc. is a prominent medical device integration and clinical surveillance solutions provider. Its products enable seamless connectivity between medical devices and hospital information systems. Its medical device connectivity solutions help to enhance patient monitoring and data management across various departments.

Capsule's offerings include the Capsule MDIP, which supports proactive care by harmonizing data from connected medical devices, ultimately improving clinical decision-making and operational efficiencies in healthcare settings.

2. Stryker Corporation

Stryker Corporation is a medical technology company in the USA known for its innovative surgical equipment and patient care solutions. In the realm of medical device connectivity, Stryker offers products that enhance surgical workflows and patient monitoring. Its connectivity solutions integrate with various medical devices to streamline data sharing and improve clinical outcomes, ensuring that healthcare professionals have access to critical information during procedures.

3. Philips Healthcare

Philips Healthcare is mainly based in Amsterdam, Netherlands, and is a global leader in health technology. It focuses on improving patient outcomes through innovative medical devices and connectivity solutions.

Its portfolio contains advanced imaging systems, patient monitoring devices, and healthcare informatics. These solutions facilitate seamless data integration across healthcare environments. Philips highlights the importance of connectivity in enhancing clinical workflows and enabling better patient management.

4. iHealth Labs Inc.

iHealth Labs Inc., located in California, USA., specializes in connected health solutions that empower individuals to manage their health through innovative medical devices. Its product range includes smart blood pressure monitors, glucose meters, and fitness trackers. These offerings are designed to connect with mobile applications for real-time health monitoring. iHealth's focus on connectivity enhances patient engagement and supports proactive health management.

5. Lantronix

Lantronix is an American provider of secure IoT solutions and medical connectivity devices catering to various industries, including healthcare. Its products enable remote patient monitoring and management of medical devices. The company ensures secure data transmission and compliance with healthcare regulations. The products by Lantronix enhance operational efficiencies and improve patient care by facilitating real-time access to critical health data.

6. S3 Connected Health

S3 Connected Health is located in Dublin, Ireland, and mainly focuses on digital health solutions that enhance patient engagement and connectivity. Its offerings include remote patient monitoring systems and mobile health applications that integrate with medical devices to provide real-time health data. The company aims to improve patient outcomes by enabling healthcare providers to monitor patients effectively and deliver personalized care.

7. Cisco Systems

Cisco Systems is a technology leader in the USA that provides networking solutions and connectivity services for various industries, including healthcare. Its products enable secure and reliable communication between medical devices and healthcare systems. The company is also popular for offering solutions that facilitate data sharing and enhance patient care.

Cisco's focus on cybersecurity and interoperability ensures that healthcare organizations can effectively manage their medical device networks while protecting sensitive patient information.

8. Cerner Corporation

Cerner Corporation is a health information technology company headquartered in the USA. It is a well-known provider of healthcare solutions focused on improving patient care through data integration. Some key products by the company include electronic health records (EHR) and medical device connectivity solutions that streamline data sharing across healthcare systems.

The company is popular for its interoperability, which helps improve clinical workflows and supports better decision-making in patient management.

9. Medtronic

Medtronic is a leading medical technology company in Dublin, Ireland. It is known for its innovative medical devices and therapies. The company's connectivity solutions enable remote monitoring and management of chronic conditions, enhancing patient care and engagement. Medtronic's products, such as insulin pumps and cardiac devices, are designed to integrate with digital health platforms and allow for real-time data sharing and improved clinical decision-making.

10. GE Healthcare

GE Healthcare is based in the USA and is a global leader in medical technology and digital solutions. Its product line entails a wide range of medical devices and connectivity solutions. It offers products such as imaging systems, patient monitoring devices, and healthcare analytics solutions that facilitate seamless data integration.

GE Healthcare's focus on connectivity enhances clinical workflows and improves patient outcomes by providing healthcare professionals with timely access to critical information.

Government's Role in Advancing Medical Device Connectivity

The governments of several countries play a crucial role in promoting medical device connectivity through various initiatives, funding programs, and regulatory frameworks. These efforts are aimed at enhancing healthcare delivery and patient outcomes. For example, the U.S. government promotes medical device connectivity through initiatives like the Medicare Meaningful Use Incentive Program.

Such initiative encourages hospitals to adopt health information exchange (HIE) technologies. By providing financial incentives for the meaningful use of certified Electronic Health Record (EHR) technology, the program enhances data-sharing capabilities vital for integrated healthcare. Additionally, they are contributing to developing innovative solutions to simplify medical device connectivity. N

Recently, in July 2024, the WHO launched its Medical Devices Information System (MeDevIS). This device offers an open-access platform, aiding governments and regulators in navigating over 10,000 medical devices. This initiative streamlines decision-making for healthcare providers, ultimately fostering a more connected and informed global healthcare system.

Concluding Thought

Connected medical devices play a significant role in enabling connection between various medical devices to share patient data, reduce the risk of human error, facilitate remote monitoring, and enhance patient care.