Global Convergence in Healthcare Market, By Product Type, By Application, By End User, By Region

Description

Global convergence in healthcare market size is expected to reach US$ 297 Bn by 2030, from US$ 125 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 13.2% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 125 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	13.20%	2030/2031 Value Projection:	US$ 297 Bn

Figure 1. Global Convergence in Healthcare Market Share (%), By Region, 2023

Global Convergence in Healthcare Market - IMG1

The convergence of healthcare is driving revolutionary changes in the way how healthcare is delivered. Traditionally, healthcare has operated through fragmented verticals like hospitals, pharmacies, insurance providers, and medical device manufacturers. However, newer technologies enable a more integrated approach by bringing together disparate parts of the healthcare ecosystem. This convergence of telemedicine with remote patient monitoring, connected medical devices, digitization of health records, and integration with artificial intelligence is helping shift the focus from sick care to preventive care. The ability to collect comprehensive real-time data on patients remotely and analyze them through advanced analytics is helping providers deliver more proactive, personalized, and affordable care.

Market Dynamics:

The convergence in healthcare market is driven by the need for more affordable and accessible healthcare. Rising healthcare costs, growing geriatric population with complex conditions, and shortage of physicians is straining traditional systems. Technologies like telehealth, connected devices, digital health records facilitate remote monitoring and management of chronic conditions limiting expensive hospital visits and helping move care to the home. The market faces challenges around data privacy and security concerns from sharing sensitive health information digitally. Integration of disparate healthcare information technology (IT) systems also remains difficult. However, opportunities lie in leveraging technologies like 5G, artificial intelligence (AI) and internet-of-things (IoT) to develop innovative care models and deliver cost-efficient virtual care. Payment and regulatory policies supporting telehealth and digital health adoption will also boost the market.

Key features of the study:

This report provides in-depth analysis of the global convergence in healthcare market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global convergence in healthcare market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Epic Systems Corporation, Cerner Corporation, Optum, Inc., Agfa HealthCare, GE Healthcare, Stryker, Boston Scientific Corporation, Abbott, Baxter, Siemens Healthineers AG, FUJIFILM Holdings, Koninklijke Philips N.V., Honeywell International Inc., PreXion, Inc., CALCiViS, Veradigm, and Biotelemetry
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global convergence in healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global convergence in healthcare market

Detailed Segmentation:

Global Convergence in Healthcare Market, By Product Type
- Diagnostic Imaging Systems
- Monitoring Devices
- Digital Therapeutics
- Others (Surgical Systems, Dental Systems, etc.)
Global Convergence in Healthcare Market, By Application
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Others (Urology, etc.)
Global Convergence in Healthcare Market, By End User
- Hospitals & Clinics
- Diagnostic Centers
- Home Care Settings
- Others (Academic & Research Institutes, etc.)
Global Convergence in Healthcare Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Top Companies in the Global Convergence In Healthcare Market:
- Epic Systems Corporation
- Cerner Corporation
- Optum, Inc.
- Agfa HealthCare
- GE Healthcare
- Stryker
- Boston Scientific Corporation
- Abbott
- Baxter
- Siemens Healthineers AG
- FUJIFILM Holdings
- Koninklijke Philips N.V.
- Honeywell International Inc.
- PreXion, Inc.
- CALCiViS
- Veradigm
- Biotelemetry

Product Code: CMI6519

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing product launch
- High costs associated with advanced technologies
- Rising healthcare expenditure
Key Highlights
Regulatory Scenario
Recent Trends
PEST Analysis
PORTER's Analysis
Technological Advancements
Mergers, Acquisitions, and Collaborations

4. Global Convergence in Healthcare Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Convergence in Healthcare Market, By Product Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Diagnostic Imaging Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Monitoring Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Digital Therapeutics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others (Surgical Systems, Dental Systems, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

6. Global Convergence in Healthcare Market, By Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Cardiology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Oncology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Neurology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Orthopedics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others (Urology, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

7. Global Convergence in Healthcare Market, By End User, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others (Academic & Research Institutes, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

8. Global Convergence in Healthcare Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030,(US$ Bn)
North Africa
Central Africa
South Africa

9. Competitive Landscape

Company Profile
- Epic Systems Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Cerner Corporation
- Optum, Inc.
- Agfa HealthCare
- GE Healthcare
- Stryker
- Boston Scientific Corporation
- Abbott
- Baxter
- Siemens Healthineers AG
- FUJIFILM Holdings
- Koninklijke Philips N.V.
- Honeywell International Inc.
- PreXion, Inc.
- CALCiViS
- Veradigm
- Biotelemetry
Analyst Views

10. Section

References
Research Methodology
About us