The medical device connectivity market size is projected to reach US$ 14.14 billion by 2031 from US$ 2.66 billion in 2023. The market is expected to register a CAGR of 23.20% during 2023–2031.
The medical device connectivity market is growing rapidly, driven by rising demand for integrated healthcare solutions and real-time patient monitoring. Advancements in IoT, telehealth adoption, and focus on improving clinical efficiency fuel growth. North America dominates, while emerging markets in Asia-Pacific offer significant expansion opportunities due to digitization and healthcare investments.
Source: The Insight Partners