FactMR today released its latest report on the Medical Device Connectivity Market, forecasting robust growth driven by the rising adoption of telehealth, IoT-enabled medical devices, and advancements in wireless technologies. Valued at USD 2.29 billion in 2025, the global market is projected to expand at a compound annual growth rate (CAGR) of 23.5%, reaching USD 18.86 billion by 2035. This growth underscores the critical role of connectivity solutions in enabling real-time data exchange and enhancing patient care across healthcare settings.
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Market Outlook and Growth Projections:
The global medical device connectivity market is poised for significant expansion from 2025 to 2035, fueled by the increasing integration of medical devices with healthcare IT systems and the growing demand for remote patient monitoring. The market is expected to grow from USD 2.29 billion in 2025 to USD 18.86 billion by 2035, achieving a CAGR of 23.5%.
This growth is driven by the rapid adoption of electronic health record (EHR) systems, with 90% of U.S. hospitals using EHRs by 2023 (ONC), and the proliferation of IoT-enabled devices, projected to reach 500 million in healthcare by 2030 (Statista). The market offers an incremental dollar opportunity of USD 16.57 billion over the forecast period, presenting substantial prospects for healthcare providers, technology developers, and device manufacturers.
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