Market Overview:
The global connected health market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for remote patient monitoring devices and rising prevalence of chronic diseases. In addition, the growing geriatric population and technological advancements are also contributing to the growth of this market. On the basis of type, the global connected health market is segmented into monitoring devices, diagnostic and treatment devices, and others. The monitoring devices segment is further divided into wearable sensors, home healthcare monitors, telehealth monitors, and others. The diagnostic and treatment devices segment includes point-of-care diagnostics equipment, implantable medical Devices (IMDs), therapeutic medical Devices (TMDs), ambulatory care services equipment & supplies (ACSES), laboratory information systems (LISs) & clinical decision support systems (CDSSs), radiology information systems RISs)), image management software/PACS) ), enterprise resource planning software for healthcare providers(ERP4HP)) ), other diagnostic&treatment Devices). On the basis of application,,the global connected healthmarketis dividedinto hospitals,,individual customers,,and others).Other applications include long term care facilities&homecare settings).,Latin America.,Europe.,Asia Pacific.
Product Definition:
The definition of Connected Health is the use of technology to connect people with their health care providers. The importance of Connected Health is that it allows people to have better access to their health care providers, which can lead to better health outcomes.
Monitoring Devices:
The global monitoring devices, it's usage and growth factor in the connected health market is expected to grow at a CAGR of XX% over the forecast period. The factors that propel the growth include increasing demand for home healthcare, rising geriatric population base and growing awareness about self-health management among consumers. Moreover, technological advancements such as wearable medical devices are also one of the significant factors driving market growth during next seven years.
Diagnostic and Treatment Devices:
The global diagnostic and treatment devices market size was valued at USD 62.2 billion in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing prevalence of chronic diseases, rising demand for home healthcare services, growing geriatric population base, technological advancements in medical devices industry, and supportive government initiatives aimed at improving healthcare delivery systems globally.
Application Insights:
The market is segmented into hospitals, individual customers, and others. Hospitals held the largest share in 2017 owing to the high usage of healthcare services across various end-use industries such as medical monitoring devices, diagnostic and treatment devices. The need for advanced technologies that can improve patient safety is driving the demand for connected health systems in hospitals. For instance, according to a study published by National Coordinator for Health Information Technology it was found that approximately 78% of hospital information technology staff reported they were encouraged or required to use EHRs by their CIOs in 2015.
Individual customers are anticipated to register highest CAGR over the forecast period due to increasing awareness about preventable diseases among consumers coupled with rising disposable income levels across developing countries such as India and China which are fueling demand for these systems at an individual level.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing investments by governments and other organizations for improving healthcare outcomes at lower costs. Moreover, technological advancements such as wireless connectivity, cloud computing, big data analysis are also contributing towards market growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as rising geriatric population base and improving economic conditions of developing countries like India and China which have a high potential for connected health devices adoption rate increase.
Growth Factors:
- Increasing demand for connected health services from aging population
- Rising prevalence of chronic diseases and need for better care management
- Proliferation of mobile devices and apps that support connected health initiatives
- Advances in telehealth and mHealth technologies that improve patient care outcomes
- Growing interest among healthcare providers and payers in leveraging connected health solutions to reduce costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Health Market Research Report
By Type
Monitoring Devices, Diagnostic and Treatment Devices
By Application
Hospitals, Individual Customers, Others
By Companies
GE Healthcare, Apple, Athenahealth, Philips Healthcare, Google, Abbott, Allscripts, F. Hoffmann-La Roche, HP, Johnson & Johnson, Microsoft, OMRON, Huawei, Evolent Health, Epic Systems, Medtronic, Zebra Technologies, Qualcomm, Skyscape
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Connected Health Market Report Segments:
The global Connected Health market is segmented on the basis of:
Types
Monitoring Devices, Diagnostic and Treatment Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Individual Customers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Apple
- Athenahealth
- Philips Healthcare
- Google
- Abbott
- Allscripts
- F. Hoffmann-La Roche
- HP
- Johnson & Johnson
- Microsoft
- OMRON
- Huawei
- Evolent Health
- Epic Systems
- Medtronic
- Zebra Technologies
- Qualcomm
- Skyscape
Highlights of The Connected Health Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monitoring Devices
- Diagnostic and Treatment Devices
- By Application:
- Hospitals
- Individual Customers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Health Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected Health is a term used to describe the use of technology in healthcare. It encompasses everything from wearable technology, to mobile apps, to big data analytics. The goal is to improve patient care by making it easier for doctors and nurses to track patients' health information, and by providing them with tools that help them make better decisions about treatment.
Some of the key players operating in the connected health market are GE Healthcare, Apple, Athenahealth, Philips Healthcare, Google, Abbott, Allscripts, F. Hoffmann-La Roche, HP, Johnson & Johnson, Microsoft, OMRON, Huawei, Evolent Health, Epic Systems, Medtronic, Zebra Technologies, Qualcomm, Skyscape.
The connected health market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Health Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Health Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Health Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Health Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Health Market Size & Forecast, 2020-2028
4.5.1 Connected Health Market Size and Y-o-Y Growth
4.5.2 Connected Health Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monitoring Devices
5.2.2 Diagnostic and Treatment Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Individual Customers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Health Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Health Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monitoring Devices
9.6.2 Diagnostic and Treatment Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Individual Customers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monitoring Devices
10.6.2 Diagnostic and Treatment Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Individual Customers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monitoring Devices
11.6.2 Diagnostic and Treatment Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Individual Customers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monitoring Devices
12.6.2 Diagnostic and Treatment Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Individual Customers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monitoring Devices
13.6.2 Diagnostic and Treatment Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Individual Customers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Health Market: Competitive Dashboard
14.2 Global Connected Health Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Apple
14.3.3 Athenahealth
14.3.4 Philips Healthcare
14.3.5 Google
14.3.6 Abbott
14.3.7 Allscripts
14.3.8 F. Hoffmann-La Roche
14.3.9 HP
14.3.10 Johnson & Johnson
14.3.11 Microsoft
14.3.12 OMRON
14.3.13 Huawei
14.3.14 Evolent Health
14.3.15 Epic Systems
14.3.16 Medtronic
14.3.17 Zebra Technologies
14.3.18 Qualcomm
14.3.19 Skyscape
