Global Connected Healthcare Market, By Function (Telemedicine, Home Monitoring, Assisted Living, Clinical Monitoring), Type (E-Prescription, M-Health Services, M-Health Devices), Application (Diagnosis & Treatment, Monitoring Applications, Education & Awareness, Wellness & Prevention, Healthcare Management), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Connected healthcare market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 15031.34 USD million and grow at a CAGR of 23.88% in the above-mentioned forecast period. High Internet penetration in developed and developing countries drives the connected healthcare market.
Connected health is defined as a socio-technical model for healthcare management system and is also known as technology enabled care (TEC) which aims to maximize the healthcare resources and also helps in providing increased and flexible opportunities for the consumers that aid to engage with clinicians. It also uses readily available consumer technologies that helps in deliver patient care outside of the hospital or doctor's office. Connected health includes remote care (such as home care), programs in telehealth and disease and lifestyle management.
Rising government expenditure on the healthcare sector in order to facilitate various healthcare services is the vital factor escalating the market growth, also increasing aging population across the globe and continuous evolving point of care models, rising patient centric approach and increasing adoption of various healthcare connected devices, rising investment by major players and increasing government expenditure on development of healthcare infrastructure in developing countries are the major factors among others driving the connected healthcare market. Moreover, increasing technological advancements and modernization in the healthcare sector and rising research and development in the market will further create new opportunities for connected healthcare market in the forecasted period of 2021-2028.
However, rising lack of security standards and increasing risk associated with loss of data are the major factors among others which will obstruct the market growth, and will further challenge the growth of connected healthcare market in the forecast period mentioned above.
Connected healthcare market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on connected healthcare market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Connected Healthcare Market Scope and Market Size
Connected healthcare market is segmented on the basis of function, type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of function, connected healthcare market is segmented into Telemedicine, home monitoring, assisted living and clinical monitoring.
- Based on type, the connected healthcare market is segmented into E-prescription, M-health services and M-health devices.
- The connected healthcare market is also segmented on the basis of application into diagnosis & treatment, monitoring applications, education & awareness, wellness & prevention and healthcare management.
Connected Healthcare Market Country Level Analysis
Connected healthcare market is analysed and market size insights and trends are provided by country, function, type and application as referenced above.
The countries covered in the connected healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the connected healthcare market due to well-developed healthcare sector, rising well developed internet infrastructure and rising presence of major players in this region. Europe and Asia-Pacific are the expected regions in terms of growth in connected healthcare market due to rising number of aged population suffering from various diseases, increasing aging population across the globe and continuous evolving point of care models, rising patient centric approach and increasing adoption of various healthcare connected devices in these region.
The country section of the connected healthcare market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Connected healthcare market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for connected healthcare market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the connected healthcare market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Connected Healthcare Market Share Analysis
Connected healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected healthcare market.
The major players covered in the connected healthcare market report are AgaMatrix Inc., AliveCor, Inc., Allscripts Healthcare, LLC and/or its affiliates, Apple Inc., Medtronic, Aerotel Medical Systems Ltd., Garmin Ltd., Microlife Corporatio, Athenahealth, Boston Scientific Corporation or its affiliates., Athenahealth, Cerner Corporation., GENERAL ELECTRIC COMPANY, Resideo Technologies, Inc., Microsoft, Persistent Systems, Koninklijke Philips N.V and Qualcomm Technologies, Inc. and/or its affiliated companies., Vivify Health, Inc, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.