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Connected Health and Wellness Solutions Market Segmentation, Industry Report, Strategies To 2033
Connected Health and Wellness Solutions Market Segmentation
As per the report, the connected health and wellness solutions market size has grown exponentially in recent years. It will grow from $57.11 billion in 2023 to $69.72 billion in 2024 at a compound annual growth rate (CAGR) of 22.1%. The connected health and wellness solutions market size is expected to see exponential growth in the next few years. It will grow to $158.62 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%.
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Rapid Adoption Of Mhealth Devices Drives Growth In The Connected Health And Wellness Solutions Market
The increase in the adoption of mhealth devices is driving the growth of the connected health and wellness solutions market. Applications such as telemedicine applications and mobile monitoring installed on mhealth devices help to track the health record and assist healthcare practitioners to get information. The mhealth devices include fitness trackers, smartphones, smartwatches, and more. According to Gartner, a US-based consulting firm that research on technology, in 2021, Global spending on wearable devices raised to $81.5 billion from $69 billion in 2020, or an 18.1% increase, and in 2022, estimated to grow to $93.85 billion. Therefore, the increase in spending on wearable devices will boost the demand for mhealth devices and this, in turn, drives the connected health and wellness solutions market.
Surging Adoption Of Digital Health Technologies Enhance Connected Health And Wellness Solutions Market
The increasing adoption of digital health technologies is a key trend gaining popularity in the connected health and wellness solutions market. Digital health technologies use software, computing platforms, sensors, and more, to give accurate health to patients. The demand for digital health technologies has increased in the past few years. According to a survey conducted by Rock Health, 80% of all respondents reported having accessed care via telemedicine at some point in their lives, up 8pp from 72% in 2021.
The connected health and wellness solutions market covered in this report is segmented -
1) By Product: Personal Medical Devices, Wellness Products, Software & Services
2) By Function: Clinical Monitoring, Telehealth
3) By Application: Diagnosis & Treatment, Wellness and prevention, Monitoring, Other Applications
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Major companies operating in the connected health and wellness solutions market include Omron Healthcare Inc., Koninklijke Philips N.V., GE Healthcare Technologies Inc., Drägerwerk AG & Co. KGaA, Fitbit LLC, Abbott Laboratories, Apple Inc., Garmin Ltd., Boston Scientific Corporation, Medtronic PLC, Masimo Corporation, ResMed Inc., NXGN Management LLC, Allscripts Healthcare LLC, Cerner Corporation, IBM Corporation, BSN Medical Inc., AgaMatrix Inc., Microlife AG, Body Media Ltd., Aerotel Medical Systems Ltd., Mckesson Corporation, Draeger Medical Systems Inc., Avcor Medical Health Care Products Inc., BioTelemetry Inc., Honeywell International Inc., Qualcomm Life Inc., FitLinxx Inc., iHealth Labs Inc., Jawbone Inc.
Contents of the report:
1. Executive Summary
2. Connected Health and Wellness Solutions Market Report Structure
3. Connected Health and Wellness Solutions Market Trends And Strategies
4. Connected Health and Wellness Solutions Market - Macro Economic Scenario
5. Connected Health and Wellness Solutions Market Size And Growth
…..
27. Connected Health and Wellness Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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