Connected Care Market Size to Surpass USD 360481.17 Million with an Excellent CAGR of 32.8% by 2029
Connected Care market is a professional and a meticulous report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. It endows with an analytical measurement of the main challenges faced by the business currently and in the upcoming years. This market research report offers an insightful market data and information about healthcare industry to businesses for making better decisions and defining business strategies. Connected Care report highlights CAGR value fluctuation during the forecast period, historic data, current market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry.
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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Key Market Players mentioned in this report:
- 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.)
- Medtronic (Ireland)
Furthermore, the recent developments, product launches, joint ventures, mergers and acquisitions employed by the several key players are explained well by systemic company profiles covered in this industry analysis report. Being a detailed market research report, Connected Care report gives a competitive advantage to the business. All this data and information is very significant to the businesses when it comes to define strategies about the production, marketing, sales, promotion and distribution of the products and services. Connected Care market report gives key measurements, status of the manufacturers and is a significant source of direction for the businesses and organizations.
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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.
- M-Health Services
- M-Health Devices
- Diagnosis and Treatment
- Education and Awareness
- Healthcare Management
- Wellness and Prevention
- Home Monitoring
- Clinical Monitoring
- Assisted Living
- 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.
Reasons to Buy This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Connected Care market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Connected Care Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Global Connected Care Market Dynamics
- 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.
- Increase in elderly population
WHO attributes the rapid growth of the elderly population to a shift in the leading cause of death, from infections to chronic non infectious diseases, which increased life expectancy. Hypertension, high cholesterol, arthritis, diabetes, heart disease, cancer, dementia, and congestive heart failure are instances of chronic conditions. Heart disease, stroke, and cancer have been the leading chronic conditions affecting the ageing population, particularly in high-income countries. Furthermore, the prevalence of obesity and falls is rising.
Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Connected Care Market
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
17 Related Reports
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