"Connected Care Market – Industry Trends and Forecast to 2029
Global Connected Care Market, Type (M-Health Services, M-Health Devices and E-Prescription), Application (Monitoring, Diagnosis and Treatment, Education and Awareness, Healthcare Management and Wellness, and Prevention), Function (Home Monitoring, Clinical Monitoring, Assisted Living and Telemedicine), Target Audience (Medical Device Manufacturers, Medical Device Supplier, Government Research Laboratory, Research and Development (R&D) Companies, Marketing Research and Consulting Service Provider, Medical Research Laboratories) – Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the connected care market which was USD 37,264.73 million in 2021, is expected to reach USD 360481.17 million by 2029, at a CAGR of 32.8% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Connected health, also known as technology-enabled care (TEC), aims to provide more and more flexible opportunities for consumers to engage with clinicians while also maximizing healthcare resources. The term "connected health" refers to a socio-technical model for the healthcare management system.
**Segments**
- **By Component**: The Connected Care market can be segmented based on its components into devices, software, and services. Devices include wearable medical devices, home monitoring devices, and other medical equipment that facilitate remote monitoring. Software refers to the technology platforms and applications used to collect, analyze, and store patient data. Services encompass the various healthcare services such as telemedicine, remote consultation, and personalized care plans that are enabled through connected care solutions.
- **By End-User**: This market can also be segmented by end-user, including hospitals and clinics, home care settings, and healthcare providers. Hospitals and clinics utilize connected care solutions to monitor patients, manage resources efficiently, and improve patient outcomes. Home care settings benefit from remote monitoring devices that allow for timely interventions and reduce hospital readmissions. Healthcare providers leverage connected care to offer telemedicine services, improve care coordination, and personalize treatment plans for better patient outcomes.
- **By Application**: The Connected Care market is further segmented by application, including remote patient monitoring, chronic disease management, telemedicine, and personal emergency response systems (PERS). Remote patient monitoring enables healthcare providers to track patient health metrics in real-time and intervene when necessary. Chronic disease management applications help patients with long-term conditions manage their health effectively. Telemedicine applications facilitate remote consultations and diagnosis, improving access to healthcare services. Personal emergency response systems provide immediate assistance during emergencies.
**Market Players**
- Apple Inc.: Known for its Apple Watch with advanced health monitoring features, Apple Inc. has made significant strides in the connected care market by integrating wearable devices with health tracking capabilities and advanced software applications.
- Philips Healthcare: A leading provider of connected care solutions, Philips Healthcare offers a range of innovative products and services for remote patient monitoring, telehealth, and population health management, contributing to the growth of the market.
- GE Healthcare: GE Healthcare is a key player in the connected care market, offering a diverse portfolio of medical devices, software solutions, and healthcare services that enableApple Inc., a prominent player in the connected care market, has made a significant impact with its Apple Watch, which includes advanced health monitoring features. The integration of wearable devices with health tracking capabilities and advanced software applications has positioned Apple as a key innovator in the industry. The Apple Watch has transformed the way individuals monitor their health by providing real-time data on vital signs, physical activity, and even ECG readings. The seamless connection to Apple's ecosystem of health and fitness apps allows users to track and analyze their health metrics effortlessly. Apple's focus on user-friendly interfaces and continuous updates to enhance health-related features have contributed to its success in the connected care market.
Philips Healthcare, another major player in the connected care space, has been at the forefront of developing innovative solutions for remote patient monitoring, telehealth, and population health management. The company's diverse portfolio of connected care products includes advanced monitoring devices, telemedicine platforms, and population health analytics tools. Philips Healthcare's commitment to improving patient outcomes and enhancing healthcare delivery through technology has solidified its position as a trusted provider of connected care solutions. By leveraging data analytics and artificial intelligence, Philips Healthcare enables healthcare providers to deliver personalized care, optimize resources, and improve patient engagement. The company's focus on interoperability and seamless integration of connected care systems has been instrumental in driving efficiency and effectiveness in healthcare delivery.
GE Healthcare, a key player in the connected care market, offers a comprehensive range of medical devices, software solutions, and healthcare services that empower healthcare providers to deliver high-quality care. GE Healthcare's connected care solutions leverage cutting-edge technology to enable remote patient monitoring, telemedicine consultations, and data-driven insights for care optimization. The company's commitment to innovation and collaboration with healthcare providers has led to the development of tailored solutions that address the evolving needs of the healthcare industry. GE Healthcare's emphasis on data security, scalability, and interoperability ensures that its connected care platforms are reliable, secure, and compliant with industry standards. By focusing on improving clinical workflows**Global Connected Care Market Analysis**
- **Segments**
- **By Component**: The Connected Care market is segmented into devices, software, and services. Devices include wearable medical devices, home monitoring devices, and other medical equipment. Software comprises technology platforms and applications for data collection and analysis. Services involve healthcare services like telemedicine and remote consultation enabled through connected care solutions.
- **By End-User**: Segments include hospitals and clinics, home care settings, and healthcare providers. Hospitals use connected care for patient monitoring and resource management. Home care settings benefit from remote monitoring devices. Healthcare providers utilize connected care for telemedicine and personalized treatment plans.
- **By Application**: Segments consist of remote patient monitoring, chronic disease management, telemedicine, and personal emergency response systems. These applications enable real-time health tracking, long-term condition management, remote consultations, and immediate assistance during emergencies.
**Market Players**
Apple Inc., Philips Healthcare, and GE Healthcare are key players in the connected care market, each offering innovative solutions and contributing to market growth. Apple's Apple Watch with health monitoring features has transformed health tracking. Philips Healthcare provides a range of products for remote monitoring and telehealth. GE Healthcare offers medical devices, software solutions, and healthcare services for remote patient monitoring and telemedicine consultations.
**Industry Trends and Forecast**
The global connected care market is segmented by type, application, function, and target audience. The market is driven by factors such as the growing adoption of telemedicine, increasing prevalence
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Connected Care Market Landscape
Part 04: Global Connected Care Market Sizing
Part 05: Global Connected Care Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Connected Care Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Connected Care Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
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