The term ""connected health"" refers to the use of wireless and digital technologies to improve patient health management. These services are usually tailored to a patient's changing needs. Telehealth, remote patient monitoring tools, wearable technology, secure messaging tools, and mobile apps are some of the most popular means for connected health. This technology has brought revolution in healthcare system as the hospitals, clinics, professionals provide services to patients using wireless technology.
The "Global Connected Health Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the connected health market with detailed market segmentation by type and application. The report provides key statistics on the market status of the leading connected health market players and offers key trends and opportunities in the market.
- Based on type the market is segmented as, M-Health Services, M-Health Devices and E-Prescription.
- Based on application the market is segmented as, diagnosis and treatment, monitoring and applications, education and awareness, wellness and prevention, healthcare management and others.
- Growing penetration of IT mobile healthcare in healthcare is the key driving factor for the market growth.
- Increasing adoption of wireless technologies, wearables, telephonic healthcare are also expected to spur the market growth.
- COVID-19 pandemic has also created significant opportunities for connected health market.
- Digital revolution in healthcare framework.
- Rising healthcare expenditures and rising popularity of connected health solutions.
- However, the lack of security standards and danger of data loss are likely to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The connected health market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the connected health market in these regions.
IMPACT OF COVID-19ON CONNECTED HEALTH MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the connected health market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from connected health market are anticipated to lucrative growth opportunities in the future with the rising demand for connected health in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the connected health market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Athena Health
- AliveCor, Inc
- Allscripts Healthcare, LLC
- Apple Inc
- NXGN Management, LLC
- Cerner Corporation
- Honeywell International Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.