Connected Healthcare Market Comprehensive Study Explore Huge Growth in Future

The report examines the dynamics of the Connected Healthcare market, aiming to assess its overall value. It delves into the factors that drive growth, impede progress, present opportunities, and pose threats. The valuation of different market segments and sub-segments relies significantly on these variables explored in the research. To ensure accuracy, the research adopts methodologies such as Porter’s Five Forces model, enabling the identification of potential risks and helping in the avoidance of unfavorable financial decisions.

Global Connected Healthcare Market is valued approximately USD 17.91 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 25.01% over the forecast period 2022-2028. Connected healthcare is a management system that provides healthcare solutions that are customized as per the need of the customer. It provides personalized healthcare services remotely using digital data management system. Rising customized healthcare, increasing utility of mobile phones and wearable devices and rising adoption of digital platforms has driven the connected healthcare market.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

For instance: As per the Asia Pacific Personalized Healthcare Index 2021 China, which scored lower overall, performed well in the category of personalized technologies due to its uptake of wearable devices that can be used to monitor a person’s health metrics, demonstrating that it is willing to adopt and actively use emerging technologies that support personalized care. Also, partnership among major key players is most likely to boost the overall growth of the global connected healthcare market. However, high initial investment cost and limited technologies available can obstruct the market’s expansion over the projection period of 2022-2028.

The key regions considered for the Global connected healthcare market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Advancement in automotive technology is driving the market growth in the North America. Whereas, Europe is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to increased number of vehicles and automotive components.

Major market player included in this report are:

GE Healthcare

Accenture Plc

SAP SE

Boston Scientific Corporation,

IBM Corporation

Oracle Corporation

Microsoft Corporation

Airstrip Technology

Medtronic plc

Allscripts Healthcare Solutions, Inc.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Application within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

mHealth Service

mHealth Devices

E-prescription

By Function:

Remote Patient Monitoring

Clinical Monitoring

Telemedicine

Others

By Application:

Diagnosis & Treatment

Monitoring Applications

Wellness & Prevention

Healthcare Management

Others

By End User:

Hospitals & Clinics

Home Monitoring

By Region:

North America

U.S.

Canada

Europe

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UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Market Dynamics:

• Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
• Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
• Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
• Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
• Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
• Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
• Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
• Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
• Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.

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