The global medical device connectivity market size is expected to reach USD 11.17 Billion at a steady revenue CAGR of 24.5% in 2030, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as increasing government support and initiatives and growing focus on quality of care and patient safety. For instance, the Centers for Medicaid & Medicare Services (CMS) published a regulation in 2020 man**** health plans and providers that receive federal payments from their programs to undertake efforts for improved access to health information. Majority of rules encourage payers to create Application Programming Interfaces (APIs) and data exchanges that enable safe access to patient claims data, provider directories, and other resources, which allow data to be retrieved more efficiently. Hence, such government initiatives are driving overall market revenue growth.
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