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Global Connected Healthcare Market, by Application to Grow at a CAGR of 30.27 % During the Forecasted Period 2018 -2023

03-29-2018 01:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Global Connected Healthcare Market, by Application to Grow at

Global connected healthcare market, by application to grow at a CAGR of 30.27 % during the forecasted period 2016 -2023. Monitoring applications commands the largest market share of 57.8 % of global connected healthcare market, by application. The market for monitoring applications was valued at USD 9,565.86 million in 2016 and expected to reach at USD 78,176.97 million by 2023.

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Connected health is a new model for healthcare delivery which delivers healthcare services remotely. Connected healthcare creates an environment where patients are treated in the best location, by the best person, using the most relevant and efficient methods and cut down on waste and reduces system costs even though improving patient quality of life. It allows societies to maintain personalized healthcare in a climate of reducing resources and increasing demand. It enables genuine patient focus in the most efficient way possible.Connected healthcare combines the information from many different areas includes biological, genetic, medical, lifestyle and sentiment/mood data. Increasing demand for monitoring and wellness applications including activity tracking, continuous glucose monitoring, and heart rate monitoring has led to drive the global connected healthcare market.

Global connected healthcare market, by application is segmented into monitoring applications, diagnosis & treatment, education & awareness, healthcare management, wellness & prevention and others. Monitoring application captures the majority of market 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.

Global connected healthcare market, by application is increasing at a luxurious rate. Monitoring applications segment accounted for the largest market share in 2016 which is expected to reach USD 78,176.97 million by 2022. Healthcare management is fastest growing segment at a CAGR of 30.79 % during the forecast period from 2016- 2022.

North America accounted for the largest market share of connected healthcare market, by application which is expected to reach till USD 28,955.40 million by 2022. Asia Pacific region is the fastest growing region which is expected to grow at a CAGR of 30.52 % during forecasted period from 2016 -2022.

Global connected healthcare market, by application statistical report published by Market Research future contains a brief overview of connected healthcare market, by application. Monitoring applications commands the largest share and is expected to grow continuously during the forecasted period of 2015-2022. The report analyzed the global connected healthcare market, by application and presents systematic data of market share on the basis of country, type, and industry and its growth rate for 2015 to 2016, along with forecast till 2022.

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Market Research future through this report aims to provide understanding of the global connected healthcare market, by application on the basis of country, type, and industry 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, by application.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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