Global Connected Healthcare Market expected to grow at a CAGR of 30.27% from 2016 to 2022

The global connected healthcare market is further classified on the basis of applications for which the connected healthcare solutions are being deployed. Large numbers of developing countries are using connected healthcare solutions to address healthcare and fitness related problems. With the rapid increase of smartphones and communication technologies in these regions, global connected healthcare applications have been able to solve critical problems which arose due to poor infrastructure and insufficient number of health-workers. Moreover, increasing demand for monitoring and wellness applications including activity tracking, continuous glucose monitoring, heart rate monitoring, and non-invasive drug delivery has surged forward the development of more innovative products by big market players. The global connected healthcare market is very dynamic and shows a wide range of applications that are constantly escalating with the introduction of integrated smart devices.

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Source: National Academy of Medicine, National Institutes of Health (NIH), World health Organization (WHO), Directorate of Industries, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation

The global connected healthcare market has been segmented into six parts that includes: monitoring, diagnosis and treatment, education and awareness, healthcare management, prevention and wellness and others. The global connected healthcare market by application accounted for over USD 11.98 billion in 2015 and is expected to grow at a CAGR of 30.27% from 2016 to 2022. Monitoring application of connected healthcare dominated the global market in 2015 and accounted for USD 6.94 billion and it is due to increasing deployment of connected healthcare solutions by healthcare providers and workers. It helps them to monitor the patient’s health and activity by using medical or wearable devices that are connected with mobile apps. While, healthcare management will be the fastest growing application at a CAGR of 30.79% from 2016 to 2022 as many programs and campaigns have been started in the last few years in the developing regions such as Asia-Pacific and Middle East & Africa.

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The Global Connected Healthcare market statistical report published by Market Research future contains a brief overview of Connected Healthcare market by application. Monitoring application has majorly dominated the connected healthcare market by application and is expected to grow continuously during the forecasted period of 2016-2022. The report analysis the global connected healthcare market by application and presents systematic data of market share on the basis of segments and countries and its growth rate for 2016 to 2022, along with forecast till 2022.

Market Research future through this report aims to provide understanding of the global connected healthcare market on the basis of country, and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of global connected healthcare market.

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