Improving Life With Connected Medical Devices - PowerPoint PPT Presentation

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Improving Life With Connected Medical Devices

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Medical device connectivity with IoT has helped in monitor patient health effectively than before. In this presentation, we have discussed about advantages of connected medical device and its market prospect – PowerPoint PPT presentation

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Title: Improving Life With Connected Medical Devices


1
Medical Device Connectivity Market Trend
Report and Industry Analysis on Medical Device
Connectivity Market
2
Business Strategies and Consultant
3
Table Of Contents
Business Introduction
Report Segmentation
Market Introduction
Research Methodology
Primary Respondent
Our Services
Continent Breakdown
Contact Us
4
Our Company
Delvens is a market research and consulting
company headquartered in Delhi, India. The
company holds expertise in providing syndicated
research reports, customized research reports,
and consulting services. Delvens qualitative and
quantitative data is highly utilized by each
level from niche markets to major markets,
serving more than 800 prominent companies by
assuring to provide the information on country,
regional, and global business environment. We
have a database for more than 45 industries in
more than 50 major countries globally.
5
Medical Device Connectivity Market
An Introduction to the Medical Device Connectivity
6
Introduction
  • Our modern world is connected globally through a
    network of digital systems. The popularity of IoT
    and 5G has opened new possibilities for
    technological advancement. Technological
    advancement has made it possible to monitor
    patients in real-time. For example, vital signs
    indicate patient health and helps in diagnosing
    for better treatment. Proper documentation is
    very important for the proper assessment of a
    patient's health. However, consistency in
    maintaining patient details is quite difficult to
    maintain, creating inconsistency in the
    documentation process, delaying data entry and
    affecting the integrity of the data.
  • Full access to patient data helps physicians
    assess the patient's health and select the
    appropriate treatment. Medical device
    connectivity enables access to a patients health
    information in real-time by measuring and
    transmitting patient data to the EMR. This can
    help caregivers to make faster decisions and
    provide appropriate treatment without delay.

7
  • Medical device connectivity in hospitals allows
    physicians to monitor patients' vitals even away
    from hospitals, or patients can take treatment
    from their home connected with a medical expert.

The Importance of Medical Device Connectivity
  • Automating Patient Charting Automating patient
    data can provide caregivers with genuine data as
    these data are directly fed into the system
    without any human intervention or interpretation,
    allowing nursing staff to direct their attention
    to the patient without spending their time on
    data collection.
  • Efficient Device Fleet Management These devices
    can maintain a fleet of devices more efficiently,
    and the team can monitor device usage. This can
    help maximise limited resources.

8
Enhancing Patient Safety - Establishing two-way
connectivity between devices and the EMR opens
new ways to implement key quality and safety
measures. Reduce Wastage When medications are
fed through EMR, the team has seen a substantial
waste reduction. By using medical device
connectivity, wastage of medication can be
minimized and improved in the pharmacy more
efficiently. Building a Data Foundation Data is
very important to understand the patient's
condition. With medical device connectivity, data
can be collected in real-time without any
interpretation and can be documented
systematically. Reduced Burnout When medical
devices are not connected and are designed to
monitor only one vital, any abnormal event
triggers its alarm which in many cases is found
false or medically irrelevant. If these devices
are connected and can monitor a patient's vitals,
this can reduce medical staff's extra effort,
which occurred due to these false alarms.
9
Examples of Connected Medical Devices
Glucose Monitoring Diabetes has become a global
issue. Almost a substantial number of people in
every nation are suffering from this. Pollution
and an imbalanced lifestyle have made it common.
Even children are affected by this. IoT devices
can easily monitor, record, and alert glucose
level parameters. Heart-Rate Monitoring
Periodic monitoring of heart rate can be possible
with an IoT device. This helps patients to move
freely as they like while ensuring continuous
monitoring of their heart rate. Depression and
Mood Monitoring Information about depression is
one such parameter which is difficult to monitor.
With the IoT, it is now possible to monitor a
persons mental health. These devices, by
monitoring blood pressure and heart rate, can
analyze and infer the patients condition.
10
Parkinsons Disease Monitoring To treat
Parkinsons patients, it is necessary to monitor
the severity of the disease throughout the day.
IoT devices have made it possible to monitor all
parameters without hindering the daily routine of
a patient. Robotic Surgery Internet-connected
robots inside the human body can perform complex
surgery which was previously very difficult with
human hands. IoT has opened the door to remote
operation. Some institutes have successfully
experimented with surgery where the surgeon is
located in a different location and, using IoT,
has performed the surgery successfully.
Market Prospect
IoT and 5G have made it possible to provide
health services using connected medical devices
with better facilities. Much research and
development have been done to provide patients
and health workers with better equipment.
11
Research and development and merger and
acquisition by medical device integration
companies have revolutionized the growth of the
healthcare sector, such as Oracles acquisition
of Cerner is a game-changer in the healthcare
sector. Combining Cerners clinical capabilities
with Oracles analytics and automation expertise
will help in improving health insights and
experiences. Medtronic PLC has received FDA
approval for its ligament augmentation for spine
surgery. Ligapass is the first and only
FDA-cleared device with an indication for
ligament augmentation in spine surgery. GE
Healthcare recently launched a line of wearables
that patients can use during their hospital stay.
It will help caregivers monitor a patients
condition more effectively. As per Delvens
market research report, the global medical device
connectivity market is projected to reach USD 4.9
billion by 2026 from USD 1.7 billion in 2021,
growing at a CAGR of 24.4 in the forecast
period, 20212028.
12
Conclusion
With technological development, the healthcare
sector's demand for improved devices will
increase. The companies' endeavour towards making
more advanced devices has already indicated the
growing future of these medical devices.
13
Designation Breakdown
Breakdown of our data collection from People of
different Designation
14
Product Manager
Primary Respondent
CEO
They are the major contributor with 35
30 of our primary respondents
Sales Manager
Distributors
Their contribution is about 25
10 of our data come from them
15
Continent Breakdown
  • Breakdown of our data collection from different
    continents

16
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17
Report Segmentation
Application
Product Service
End-User
Region
Technology
18
  • On the basis of Product Service
  • Medical Device Connectivity Solution
  • Medical Device Connectivity Service
  • On the basis of Technology
  • Wireless Technology
  • Wired Technology
  • Hybrid Technology
  • On the basis of Application
  • Vital Signs and Patient Monitors
  • Anesthesia Machines Ventilators
  • Infusion Pump
  • Others

19
  • On the basis of End-User
  • Hospitals
  • Home and Healthcare Centres
  • Ambulatory Care Centres
  • Diagnostic Imaging Centres
  • On the basis of Region
  • North America
  • South America
  • Asia Pacific
  • Europe
  • Middle East Africa

20
How to Purchase the Report
  • Delvens offers many customisation to cater your
    need. Our popular customisation is that our
    report is segmented as per user where you got
    option to choose from
  • Single User
  • Multiple User
  • Corporate User
  • If you want report for Globally, Regional or
    Country specific, then voila, we also provide an
    easy step to choose from continent-wise as well
    as country-wise report. If you have any special
    requirement or you want more customization, you
    can contact our customer representative who are
    24X7 available for you.
  • You can talk to our representative by clicking

Contact Us
21
No. Of Pages 284
Report Global
Report Regional
Report Country Specific
User Single
User Multi
User Corporate
Get latest and trending updates throughout the
year on the reports you buy.
22
Research Methodology
Market Integration
Data Extraction
Data Analysis
Data Validation
23
Data Extraction The stage involves the
procurement of market data or related information
via different sources methodologies. Data
Analysis This step involves the analysis
mapping of all the information procured from the
previous step. It also encompasses the analysis
of data discrepancies observed across various
data sources. Market Integration The final step
entails the placement of data points at
appropriate market spaces in an attempt to deduce
viable conclusions. Analyst perspective subject
matter expert based heuristic form of market
sizing also plays an integral role in this
step. Data Validation Validation is the most
important step in the process. Validation
re-validation via an intricately designed process
helps us finalize data-points to be used for
final calculations.
24
Our Services
2
Best Practice Guide
1
Syndicated Research
4
Consulting Services
3
Custom Research Services
6
Audio-Video Infographic Workshop
3
5
Implementation Support
3
8
Bundle Reports Model
1
7
Subscription Model
1
25
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