PUBLISHER: Lucintel | PRODUCT CODE: 1153843
PUBLISHER: Lucintel | PRODUCT CODE: 1153843
Connected Health Device Market Trends and Forecast
The future of the global connected health device market looks promising with opportunities in the home monitoring and hospital/clinic segments. The global connected health device market is expected to reach an estimated $60.2 billion by 2027 and grow at a CAGR of 19.8% from 2022 to 2027. The major drivers for growth of the connected health device market are increasing adoption of IT in healthcare, increasing healthcare cost, and need of easy and reliable patient monitoring system for chronic diseases along with the growing awareness of health and fitness.
Emerging Trends in Connected Health Device Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the adoption of cloud technology for interconnected healthcare devices and adoption of telemedicine.
A total of XX figures / charts and XX tables are provided in this 208-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the connected health device market report.
Connected Health Device Market by Segment
In this market, hospitals/clinics are the largest end use segment, whereas the wellness device segment is expected to show above average growth over the forecast period. Growth in various segments of the connected health device market are given below:
Connected Health Device Market by Product Type [Value ($ Million) from 2016 to 2027]:
Insulin Pumps
BP Monitors
Portable GPS PERS
Glucose Monitors
Personal Plus Oximeters
Others
Digital Pedometers
Body Analyzers
GPS Sports Watches
Heart Rate Monitors
Others
Connected Health Device Market by End Use [Value ($ Million) from 2016 to 2027]:
Connected Health Device Market by Region [Value ($ Million) from 2016 to 2027]:
US
Canada
Mexico
Germany
France
United Kingdom
China
India
Japan
Brazil
List of Connected Health Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected health device companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected health device companies profiled in this report include-
Connected Health Device Market Insights
Features of the Connected Health Device Market
FAQ
Q1. What is theconnected health device market size?
Answer:The global connected health device market is expected to reach an estimated $36.1 billion by 2023.
Q2. What is the growth forecast forconnected health device market?
Answer:The connected health device market is expected to grow at a CAGR of ~21% from 2018 to 2023.
Q3. What are the major drivers influencing the growth of theconnected health device market?
Answer: The major drivers for this market are increasing adoption of IT in healthcare, increasing healthcare cost, and need of easy and reliable patient monitoring system for chronic diseases along with the growing awareness of health and fitness.
Q4. What are the major applications or end use industries forconnected health devices?
Answer:Hospitals/clinics and home monitoring are the major end uses for connected health devices.
Q5. What are the emerging trends inconnected health device market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include the adoption of cloud technology for interconnected healthcare devices and adoption of telemedicine.
Q6. Who are the keyconnected health device companies?
Answer:Some of the key medical device companies are as follows:
Q7. Which will be the largest product type segment of theconnected health device market in the forecast period?
Answer: Lucintel forecasts that the wellness device segment is expected to show above average growth during the forecast period.
Q8. Inconnected health device market, which region is expected to be the largest in the forecast period?
Answer:APAC is expected to be the largest market and witness the highest growth rate during the forecast period.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% customization without any additional cost.