The global connected health device market is projected to reach $78 billion by 2028, at a CAGR of 21% during 2022-2028. The growth of connected health device market is driven by 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.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the connected health device
market by product type, (personal medical devices [insulin pumps, BP monitors,
portable GPS PERS, glucose monitors, personal plus oximeters, and others] and
wellness devices [digital pedometers, body analyzers, GPS sports watches, heart
rate monitors, and others]), end use (home monitoring and hospitals/clinics),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the connected health device market?
Q.4 What are some
changing demands of customers in the connected health device market?
Q.5 What are the new
developments in the connected health device market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this connected health device area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this 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.
Market Segmentation:
Based on product type,
the connected health device market is segmented into personal medical devices
[insulin pumps, BP monitors, portable GPS PERS, glucose monitors, personal plus
oximeters, and others] and wellness devices [digital pedometers, body
analyzers, GPS sports watches, heart rate monitors, and others]. The wellness
device segment accounted for the largest share of the market in 2022 and is
expected to register the highest CAGR during the forecast period.
APAC is expected to be
the largest market and witness the highest growth rate during the forecast
period due to rapidly growing aging population, increasing chronic diseases,
rising disposable income, and high adoption of smart phones.
Key Players in the
connected health device market are Apple Inc., Medtronics, Fitbit, Omron,
Philips Healthcare Company.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Explore Our Latest Publications
Automotive Electric Fuel
Pump Market
No comments:
Post a Comment