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18-Nov-2022

At CAGR of 32.8 %, Connected Care Market Estimated to Worth US$ 360481.17 Million by 2029

Connected Care market business report encompasses thorough analysis of the market with respect to several factors about healthcare industry that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. The market report presents CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region. Global Connected Care market research report brings precise and exact market research information that drives the business into right direction.

The leading Connected Care marketing report not only provides market segmentation in the most-detailed pattern but also conducts thorough analysis of patents and major market players to provide a competitive landscape. This industry analysis report provides market data even by considering new product development from beginning to launch. The report discusses the recent and future market trends and performs analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. Connected Care market report broadly encompasses absolute and distinct analysis of the market drivers and restraints, major market players involved in this industry, exhaustive analysis of the market segmentation, and competitive analysis of the key players.

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Leading Key Players Operating in the Connected Care Market Includes:

  • AgaMatrix (U.S.)
  • AirStrip Technologies, Inc (U.S.)
  • AliveCor, Inc. (U.S.)
  • Allscripts Healthcare, LLC (U.S.)
  • Apple Inc. (U.S.)
  • Boston Scientific Corporation (U.S.)
  • Cerner (U.S.)
  • General Electric (U.S.)
  • Honeywell International Inc. (U.S.)

Key Market Analysis and Insights:

Connected healthcare is frequently used to refer to technology-enabled care, in which new technology enables patients to access healthcare remotely outside of traditional models of care delivery. In reality, it encompasses any system that allows healthcare to be delivered in a more patient-centered and participatory manner.

Data Bridge Market Research analyses that the connected care market which was USD 37,264.73 million in 2021, is expected to reach USD 360481.17 million by 2029, at a CAGR of 32.8% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Recent developments

  • In September 2021, Medtronic India collaborated with Statis Health, a division of Stasis Labs, to promote the latter’s bedside patient monitoring system throughout India. A bedside monitor and a cloud-connected app provide remote monitoring across devices in the connected care monitoring system.
  • In August 2021, Royal Philips added two new products to its HealthSuite, one is focusing on acute care telehealth and the other on patient flow capacity.

Global Connected Care Market Scope and Market Size

The connected care market is segmented on the basis of type, application, function and target audience. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • M-Health Services
  • M-Health Devices
  • E-Prescription

Application

  • Monitoring
  • Diagnosis and Treatment
  • Education and Awareness
  • Healthcare Management
  • Wellness and Prevention

 Function

  • Home Monitoring
  • Clinical Monitoring
  • Assisted Living
  • Telemedicine

 Target Audience

  • Medical Device Manufacturers
  • Medical Device Supplier
  • Government Research Laboratory
  • Research and Development (R&D) Companies
  • Marketing Research and Consulting Service Provider
  • Medical Research Laboratories

Connected Care Market, By Region:

Global Connected Care market is analyzed and market size insights and trends are provided by country, product as referenced above.

The countries covered in the Connected Care market report are the 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 Care market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.

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Global Connected Care Market Dynamics

Drivers

  • Rise in ageing population

According to the World Health Organization’s (WHO) Global Health and Aging report, “the number of people aged 65 or older is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050, with the majority of the increase occurring in developing countries.” Furthermore, by 2050, the number of people 65 and older is expected to outnumber children under five. These are the certain factors that helps the market to grow.

  • Government Initiatives

Strategic initiatives such as partnerships, acquisitions, and mergers, as well as new product launches and investments, are some marketing and growth strategies used by these healthcare companies to gain a competitive advantage. For innstance, in September 2021, Medtronic India joined forces with Statis Health, a division of Stasis Labs, to promote the latter’s bedside patient monitoring system throughout India. A bedside monitor and a cloud-connected app provide remote monitoring across devices in the connected care monitoring system.

Table of Contents: Global Connected Care Market

1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Connected Care in Healthcare Industry
7 Global Connected Care Market, by Product Type
8 Global Connected Care Market, by Modality
9 Global Connected Care Market, by Type
10 Global Connected Care Market, by Mode
11 Global Connected Care Market, by End User
12 Global Connected Care Market, by Geography
13 Global Connected Care Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports

Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-connected-care-market

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Last Updated: 18-Nov-2022