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Due to the increasing popularity of telemedicine solutions and remote monitoring.
According to SNS Insider, the global medical device connectivity market is expected to reach US$1.621 billion by 2032, with a compound annual growth rate of 22.7%.
The industry's expansion is attributed to the increasing adoption of telemedicine solutions, remote patient monitoring, and the need for seamless data exchange across healthcare systems.
From a technology perspective, hybrid solutions is the fastest growing segment during the forecast period.
“These technologies balance the reliability of wired connections with the flexibility of wireless connections,” the report states.
Additionally, rising prevalence of chronic diseases and growing emphasis on data-driven healthcare strategies drive the market.
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