Connected Health Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Connected Health Devices Market Introduction
Today’s medical devices have undergone tremendous transformations with the changing perspectives of consumers triggered by increased consciousness towards health and wellness. Convergence of advanced technologies with the healthcare industry has enabled healthcare professionals, including doctors and diagnostic service providers, to obtain real-time insights into their patients’ health. Thereby, increasing health-consciousness among consumers and needs for improving patient outcomes and quality of healthcare services among healthcare professionals is triggering demand for connected health devices.
Connected Health Devices Market – Notable Developments
Koninklijke Philips NV, Boston Scientific, Honeywell International Inc., Medtronic Inc., GE Healthcare, Fitbit, Inc., NXP Semiconductor NV, Aerotel Medical System Ltd., Abbott Laboratories, McKesson Corporation Garmin Ltd., Qualcomm Inc., Stanley Healthcare, Omron Healthcare, Inc., Draeger Medical Systems, Inc., Body Media, Inc., AgaMatrix, Inc., and Apple, Inc., are among the leading players in the connected health devices market.
Connected Health Devices Market Dynamics
Increasing Growth of the MedTech Industry is Driving Growth of the Connected Health Devices Market
Rapid advancements and innovations in technologies have been influencing growth prospects of various industrial sectors. The healthcare industry has been welcoming connected health devices with the increasing quest for improving the quality and efficiency of healthcare services and patient outcomes. Leading technology companies are foraying in to the healthcare industry to capitalize on the profitable opportunities and increasing demand for high-tech health devices. Staggering growth prospects of the MedTech industry and a rise in demand for personalized next-generation healthcare devices is expected to boost growth of the connected health devices market in the upcoming years.
Internet Connectivity Challenges in Emerging Economies will Impact Market Penetration of Connected Heath Devices
Even though the healthcare sector in emerging economies, such as India and China, has been witnessing exponential growth, the penetration of internet connectivity is significantly low in developing and underdeveloped countries. Thereby, despite the high sales potential and lucrative opportunities in the healthcare sector in developing countries, issues associated with connectivity are creating major challenges for players in the connected health devices market.
Increasing use of smartphones and emergence of technological advancements is expected to make the Asia-Pacific region more lucrative than ever for connected health devices market players. Leading companies are focusing on investing to resolve connectivity issues to meet the burgeoning demand for connected health devices in emerging economies, and to ultimately gain momentum in the global connected health devices market.
Convergence of Cloud Technology and Healthcare Industry will Augur Well for the Connected Health Devices Market
The healthcare industry is undergoing tremendous transformations with the adoption of technological advancements to improve quality and efficiency of various healthcare services. Growing awareness about the significant value that cloud-connected health devices offer to patients and medical service providers is boosting adoption of connected health devices. Top healthcare industry players, health device manufacturers, and other stakeholders in the connected health devices market are working closely with cloud service providers to sync with and leverage the emergence of the trending cloud technology.
Connected Health Devices Market Segmentation
Based on the product type, the connected health devices market is segmented into
Based on its applications, the connected health devices market is segmented into
Based on its end use, the connected health devices market is segmented into
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report