What’s Driving the Connected Healthcare Market Toward Digital Transformation

Executive Summary Connected Healthcare Market Size and Share Analysis Report

CAGR Value

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.

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Best-practice models and research methodologies have been employed in this Connected Healthcare Market report for a complete market analysis. It is a completely informative and proficient report that highlights primary and secondary market drivers, market share, leading segments and geographical analysis. With this Connected Healthcare Market report, it has been assured that an absolute knowledge and insights about the new regulatory environment which are most suitable for their organization are provided. Utilization of integrated approaches combined with most up-to-date technology for building this Connected Healthcare Market report makes it unrivalled. The trends in consumer and supply chain dynamics are acknowledged in Connected Healthcare Market report to accordingly interpret the strategies about marketing, promotion and sales.

Explore emerging trends, key drivers, and market strategies in our in-depth Connected Healthcare Market analysis. Get the full report: https://www.databridgemarketresearch.com/reports/global-connected-healthcare-market

Connected Healthcare Market Insights:

Segments

- By Product & Service: The connected healthcare market can be segmented into mHealth, healthcare information technology, electronic health records, telemedicine, wearable devices, and others. The mHealth segment is expected to witness significant growth due to the increasing penetration of smartphones and healthcare apps, providing convenient access to healthcare services.

- By Connected Device: This segment includes insulin pumps, continuous glucose monitors, cardiac monitors, respiratory monitors, sleep apnea monitors, and others. The demand for connected devices is rising as they allow for real-time monitoring of patient health status and enable remote patient monitoring.

- By Application: Connected healthcare finds application in remote monitoring, telemedicine, assisted living, clinical operations and workflow management, and others. Remote monitoring is gaining traction as it helps in reducing hospital readmissions and improving patient outcomes.

- By End-User: The market is segmented into hospitals, clinics, individuals, and others. Hospitals are the major end-users of connected healthcare solutions due to the increasing adoption of digital health technologies to enhance patient care and streamline healthcare operations.

Market Players

- Koninklijke Philips N.V.: A leading player in the global connected healthcare market, Philips offers a wide range of connected health products and services including telehealth solutions, digital health platforms, and remote patient monitoring devices.

- Cisco Systems, Inc.: Cisco provides networking solutions for connected healthcare by enabling seamless data communication and secure connectivity between healthcare devices and systems, ensuring the efficient delivery of healthcare services.

- IBM Corporation: IBM offers AI-powered healthcare solutions that leverage cognitive computing and data analytics to drive personalized patient care and optimize healthcare processes, leading to improved outcomes.

- Allscripts Healthcare Solutions, Inc.: Allscripts provides electronic health record systems and healthcare IT solutions that facilitate connectivity and interoperability among healthcare providers, helping in delivering coordinated care and enhancing patient engagement.

- Cerner Corporation: Cerner offers a comprehensive suite of healthcare information technology solutions, including electronic health records, population health management, and revenue cycle management, to support the digital transformation of healthcare organizations.

The global connected healthcare market is witnessing robust growth driven by the increasing adoption of digital health technologies, rising prevalence of chronic diseases, growing demand for remote patient monitoring, and the need for efficient healthcare delivery systems. With key players continuously innovating and expanding their product portfolios, the market is expected to experience further expansion in the coming years.

The connected healthcare market is currently experiencing significant growth and transformation due to the advancements in digital health technologies and the increasing focus on improving healthcare services through connectivity and remote monitoring capabilities. One of the key trends shaping the market is the growing adoption of mHealth solutions, driven by the widespread use of smartphones and healthcare apps that enable convenient access to healthcare services. This trend is expected to continue to drive the growth of the mHealth segment in the connected healthcare market.

Another important segment of the connected healthcare market is the connected device segment, which includes a range of devices such as insulin pumps, continuous glucose monitors, and cardiac monitors. These connected devices allow for real-time monitoring of patient health status and enable remote patient monitoring, which is crucial for improving patient outcomes and reducing hospital readmissions. The demand for connected devices is expected to increase as healthcare providers and patients recognize the benefits of remote monitoring and real-time data analysis for personalized care.

In terms of applications, remote monitoring is gaining traction in the connected healthcare market as it offers a cost-effective way to monitor patients outside of traditional healthcare settings. By utilizing telemedicine and remote monitoring technologies, healthcare providers can deliver care to patients in their homes, reducing the need for frequent hospital visits and enhancing the overall patient experience. This trend is expected to drive the growth of remote monitoring applications in the connected healthcare market.

When looking at the end-user segments, hospitals are a major driver of the connected healthcare market due to their increasing adoption of digital health technologies to improve patient care and streamline healthcare operations. Hospitals are investing in connected health solutions to enhance clinical operations, improve workflow management, and deliver more personalized care to patients. As hospitals continue to prioritize digital transformation, the demand for connected healthcare solutions is expected to rise significantly.

In conclusion, the global connected healthcare market is poised for continued growth in the coming years, driven by factors such as the increasing prevalence of chronic diseases, the demand for remote patient monitoring, and the need for efficient healthcare delivery systems. Key players in the market, such as Koninklijke Philips N.V., Cisco Systems, Inc., IBM Corporation, Allscripts Healthcare Solutions, Inc., and Cerner Corporation, are playing a critical role in driving innovation and expanding the product offerings in the connected healthcare space. As the market evolves, we can expect to see more advancements in digital health technologies, increased adoption of connected devices, and greater integration of remote monitoring and telemedicine solutions into traditional healthcare settings.The global connected healthcare market is currently experiencing a significant transformation propelled by the rapid advancements in digital health technologies. One of the key trends shaping the market is the increasing adoption of mHealth solutions, driven by the widespread use of smartphones and healthcare apps. This trend is providing convenient access to healthcare services and is expected to continue driving growth in the mHealth segment. Additionally, the connected device segment, which includes devices such as insulin pumps and continuous glucose monitors, is witnessing a surge in demand as these devices enable real-time monitoring of patient health status and remote patient monitoring. Healthcare providers and patients are recognizing the benefits of these devices in improving patient outcomes and reducing hospital readmissions, leading to a higher demand for such connected devices.

Remote monitoring applications are also gaining traction in the connected healthcare market as they offer a cost-effective way to monitor patients outside of traditional healthcare settings. By utilizing telemedicine and remote monitoring technologies, healthcare providers can deliver care to patients in their homes, enhancing the overall patient experience and reducing the need for frequent hospital visits. This shift towards remote monitoring applications is expected to further drive the growth of the connected healthcare market.

Moreover, hospitals are playing a pivotal role in driving the adoption of connected healthcare solutions. With the increasing focus on digital transformation, hospitals are investing in connected health technologies to enhance clinical operations, improve workflow management, and deliver more personalized care to patients. As hospitals continue to prioritize the integration of digital health solutions, the demand for connected healthcare offerings is expected to witness significant growth.

In conclusion, the global connected healthcare market is poised for continued expansion due to factors such as the rising prevalence of chronic diseases, increasing demand for remote patient monitoring, and the need for efficient healthcare delivery systems. Key market players like Koninklijke Philips N.V., Cisco Systems, Inc., IBM Corporation, Allscripts Healthcare Solutions, Inc., and Cerner Corporation are at the forefront of driving innovation and expanding product portfolios in the connected healthcare space. As the market continues to evolve, we can anticipate further advancements in digital health technologies, heightened adoption of connected devices, and deeper integration of remote monitoring and telemedicine solutions across healthcare settings, paving the way for a more interconnected and efficient healthcare ecosystem.

Explore the company's market share breakdown
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Comprehensive Question Bank for Connected Healthcare Market Research

• What is the current valuation of the global Connected Healthcare Market?
• How fast is the Connected Healthcare Market expected to expand in the coming years?
• Which segments are highlighted in the Connected Healthcare Bags market study?
• Which companies hold the largest market share in Connected Healthcare Market?
• What geographic breakdown is included in the Connected Healthcare Market analysis?
• Who are the prominent stakeholders in the global Connected Healthcare Market?

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