Connected Healthcare Market Research Report - Forecast till 2027

Connected Healthcare Market: Information By Type (M-Health Services, (Wearable Devices, Blood Pressure Monitor and Big Data) M-Health Devices and E-Prescription), By Application (Monitoring, Diagnosis & Treatment, Education & Awareness, Healthcare Management and Wellness & Prevention) - Forecast till 2027

ID: MRFR/HCIT/1360-CR | February 2021 | Region: Global | 149 Pages         

1 Report Prologue

2 Introduction

2.1 Scope Of Study 15

2.2 Research Objective 15

2.3 Assumptions & Limitations 15

2.3.1 Assumptions 15

2.3.2 Limitations 16

2.4 Market Structure 16

3 Research Methodology

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 18

4 Market Dynamics

4.1 Introduction 19

4.2 Drivers 19

4.2.1 Connected Healthcare Applications Have Increased The Involvement Of Patient Population 19

4.2.2 Increasing Use Of Smartphones And Wearable Devices Into Healthcare Has Led To The Growth Of The Market 20

4.2.3 Cost Effectiveness And Patient’s Convenience Is Expected To Drive The Connected Healthcare Market 20

4.2.4 Continuous Increase In Lifestyle Disease Has Led To The Development Of Personalized Healthcare Solutions 20

4.3 Restraints 21

4.3.1 Increasing Privacy And Cybercrimes Restraint The Growth Of Connected Healthcare Market 21

4.3.2 Lack Of Awareness About The Possible Applications Of Connected Healthcare 22

4.3.3 Reluctance To Share Information Regarding The Health Has Limited The Growth Of The Market 22

4.4 Opportunities 22

4.4.1 Growing Partnership Between The Companies Has Become The Entrance Gateway For New Firms 22

4.4.2 Introduction Of Connected Healthcare In Developing Economies Will Boost The Growth Of The Connected Healthcare Market 22

4.5 Challenges 23

4.5.1 Low Rate Of Literacy And Language Barriers In Low– And Middle–Income Countries (LMICs) Is A Big Challenge For The Connected Healthcare Solutions 23

4.5.2 Potential Risk Of Hardware Or Software Failure Will Bar The Growth Of The Market 23

4.5.3 Stringent Regulations And Standards Is Likely To Restrain The Growth Of The Market 24

5 Market Factor Analysis

5.1 Connected Healthcare Device: Porter’s Five Force Analysis 25

5.1.1 Bargaining Power Of Buyer 26

5.1.2 Bargaining Power Of Supplier 27

5.1.3 Threat From Substitute 27

5.1.4 Threat From A New Entrant 27

5.1.5 Intensity Of Competitive Rivalry 27

5.2 Value Chain Analysis 28

5.2.1 Device Manufacturers 29

5.2.2 App Developers 30

5.2.3 Network Providers/ Mobile Operators 30

5.2.4 Healthcare Providers And Pharmaceuticals 30

5.2.5 Patients 30

6 Connected Healthcare Market, By Types

6.1 Introduction 32

6.2 M–Health Services 32

6.2.1 Mobile Health Apps And Content Solution 34

6.2.1.1 Software 34

6.2.1.2 Big Data 34

6.2.2 Network And Services/ Mobile Operators 35

6.2.3 Healthcare Providers And Pharmaceuticals 35

6.2.3.1 Healthcare Providers 35

6.2.3.2 Pharmaceuticals 36

6.3 M–Health Devices 36

6.3.1 Medical Devices 38

6.3.1.1 SMBG 39

6.3.1.2 Blood Pressure Monitor 39

6.3.1.3 Cardiac Monitors 40

6.3.1.4 Pulse Oximeter 40

6.3.1.5 Other Medical Devices 40

6.3.2 Wearable Devices 41

6.3.2.1 Hand Worn Products 43

6.3.2.1.1 Smart Watch 43

6.3.2.1.2 Wrist Wear 43

6.3.2.2 Head Worn Products 43

6.3.2.2.1 AR/VR HMD/HUD 43

6.3.2.2.2 Others 43

6.3.2.3 Body Worn Products 44

6.3.2.3.1 Smart Textile 44

6.3.2.3.2 Wearable Patch 44

6.3.2.3.3 Others 45

6.3.3 Connected Drug Delivery Systems 45

6.3.3.1 Auto–Injectors 46

6.3.3.2 Inhalers 47

6.4 E–Prescription 48

7 Connected Healthcare Market, By Applications

7.1 Introduction 51

7.2 Monitoring Applications 53

7.3 Diagnosis & Treatment 54

7.4 Education & Awareness 54

7.5 Healthcare Management 55

7.6 Wellness & Prevention 57

7.7 Other Applications 58

8 Connected Healthcare Market, By Regions

8.1 Introduction 60

8.2 North America 62

8.2.1 Introduction 62

8.2.2 US …………………………………………………………………………………………………64

8.2.3 Canada 66

8.3 Europe 68

8.3.1 Introduction 68

8.3.2 Germany 71

8.3.3 France 72

8.3.4 UK 73

8.3.5 Italy 74

8.3.6 Spain 75

8.4 Asia–Pacific 76

8.4.1 Introduction 76

8.4.2 Japan 80

8.4.3 China 82

8.4.4 India 83

8.4.5 Australia 85

8.4.6 South Korea 86

8.5 Middle East & Africa 87

8.5.1 Introduction 87

8.5.2 Africa 88

8.5.3 Middle East 88

9 Competitive Landscape

9.1 Introduction 91

9.1.1 Partnerships, Agreements And Collaborations 92

9.1.2 Product Development And Launch 94

9.1.3 Approvals 97

9.1.4 Acquisitions 98

9.1.5 Award & Recognition 99

9.1.6 Others 99

10 Company Profile

10.1 Agamatrix, Inc. 101

10.1.1 Company Overview 101

10.1.2 Product/Business Segment Overview 101

10.1.3 Financial Overview 101

10.1.4 Key Development 101

10.1.5 SWOT Analysis 102

10.2 AirStrip Technologies 103

10.2.1 Company Overview 103

10.2.2 Product/Business Segment Overview 103

10.2.3 Financial Overview 103

10.2.4 Key Development 103

10.2.5 SWOT Analysis 104

10.3 AliveCor Inc. 105

10.3.1 Company Overview 105

10.3.2 Product/Business Segment Overview 105

10.3.3 Financial Overview 105

10.3.4 Key Development 105

10.3.5 SWOT Analysis 106

10.4 Allscripts 106

10.4.1 Company Overview 106

10.4.2 Product/Business Segment Overview 107

10.4.3 Financial Overview 107

10.4.4 Key Development 109

10.4.5 SWOT Analysis 109

10.5 Apple Inc. 110

10.5.1 Company Overview 110

10.5.2 Product/Business Segment Overview 110

10.5.3 Financial Overview 110

10.5.4 SWOT Analysis 112

10.6 Athenahealth, Inc. 113

10.6.1 Company Overview 113

10.6.2 Product/Business Segment Overview 113

10.6.3 Financial Overview 113

10.6.4 Key Development 114

10.6.5 SWOT Analysis 114

10.7 Boston Scientific Corporation 115

10.7.1 Company Overview 115

10.7.2 Product/Business Segment Overview 115

10.7.3 Financial Overview 115

10.7.4 Key Development 116

10.7.5 SWOT Analysis 117

10.8 Cerner 118

10.8.1 Company Overview 118

10.8.2 Product/Business Segment Overview 118

10.8.3 Financial Overview 118

10.8.4 Key Development 119

10.8.5 SWOT Analysis 120

10.9 GE Healthcare 121

10.9.1 Company Overview 121

10.9.2 Product/Business Segment Overview 121

10.9.3 Financial Overview 121

10.9.4 Key Development 123

10.9.5 SWOT Analysis 123

10.10 Honeywell Life Care Solutions 124

10.10.1 Company Overview 124

10.10.2 Product/Business Segment Overview 124

10.10.3 Financial Overview 124

10.10.4 Key Development 126

10.10.5 SWOT Analysis 126

10.11 Medtronics 127

10.11.1 Company Overview 127

10.11.2 Product/Business Segment Overview 127

10.11.3 Financial Overview 127

10.11.4 Key Development 128

10.11.5 SWOT Analysis 129

10.12 Microsoft 130

10.12.1 Company Overview 130

10.12.2 Product/Business Segment Overview 130

10.12.3 Financial Overview 130

10.12.4 SWOT Analysis 132

10.13 Persistent Systems 133

10.13.1 Company Overview 133

10.13.2 Product/Business Segment Overview 133

10.13.3 Financial Overview 133

10.13.4 Key Development 134

10.13.5 SWOT Analysis 135

10.14 Koninklijke Philips NV 136

10.14.1 Company Overview 136

10.14.2 Product/Business Segment Overview 136

10.14.3 Financial Overview 136

10.14.4 Key Development 137

10.14.5 SWOT Analysis 138

10.15 Qualcomm 139

10.15.1 Company Overview 139

10.15.2 Product/Business Segment Overview 139

10.15.3 Financial Overview 139

10.15.4 Key Development 140

10.15.5 SWOT Analysis 141

10.16 Sanofi 142

10.16.1 Company Overview 142

10.16.2 Product/Business Segment Overview 142

10.16.3 Financial Overview 142

10.16.4 Key Development 143

10.16.5 SWOT Analysis 145

10.17 Vivify Health, Inc. 146

10.17.1 Company Overview 146

10.17.2 Product/Business Segment Overview 146

10.17.3 Financial Overview 146

10.17.4 SWOT Analysis 147

11 Appendix

12 List Of Tables

TABLE 1 GLOBAL CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 32

TABLE 2 M-HEALTH SERVICES MARKET, BY REGION, 2020–2027 (USD MILLION) 33

TABLE 3 M-HEALTH DEVICES MARKET, BY REGION, 2020–2027 (USD MILLION) 37

TABLE 4 MEDICAL DEVICES MARKET, BY REGION, 2020–2027 (USD MILLION) 38

TABLE 5 WEARABLE DEVICES MARKET, BY REGION, 2020–2027 (USD MILLION) 42

TABLE 6 CONNECTED DRUG DELIVERY SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION) 46

TABLE 7 E-PRESCRIPTION MARKET, BY REGION, 2020–2027 (USD MILLION) 49

TABLE 8 GLOBAL CONNECTED HEALTHCARE MARKET VALUE, BY APPLICATION, 2020–2027 (USDMILLION) 52

TABLE 9 MONITORING APPLICATIONS MARKET, BY REGION, 2020–2027 (USDMILLION) 53

TABLE 10 DIAGNOSIS & TREATMENTS MARKET, BY REGION, 2020–2027 (USDMILLION) 54

TABLE 11 EDUCATION & AWARENESSS MARKET, BY REGION, 2020–2027 (USD MILLION) 55

TABLE 12 HEALTHCARE MANAGEMENTS MARKET, BY REGION, 2020–2027 (USD MILLION) 55

TABLE 13 WELLNESS & PREVENTIONS MARKET, BY REGION, 2020–2027 (USDMILLION) 57

TABLE 14 OTHER APPLICATIONS: GLOBAL CONNECTED HEALTHCARE MARKET VALUE, BY GEOGRAPHY, 2014–2027 (USDMILLION) 58

TABLE 15 GLOBAL CONNECTED HEALTHCARE MARKET, BY REGION, 2020–2027(USD MILLION) 61

TABLE 16 NORTH AMERICA CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 62

TABLE 17 NORTH AMERICA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 63

TABLE 18 NORTH AMERICA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 64

TABLE 19 NORTH AMERICA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 64

TABLE 20 US CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 65

TABLE 21 US CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 65

TABLE 22 CANADA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 67

TABLE 23 CANADA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 67

TABLE 24 EUROPE CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 69

TABLE 25 EUROPE CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 69

TABLE 26 EUROPE CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 70

TABLE 27 GERMANY CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 71

TABLE 28 GERMANY CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 71

TABLE 29 FRANCE CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 72

TABLE 30 FRANCE CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 72

TABLE 31 UK CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 73

TABLE 32 UK CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 74

TABLE 33 ITALY CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 74

TABLE 34 ITALY CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 75

TABLE 35 SPAIN CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 75

TABLE 36 SPAIN CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 76

TABLE 37 ASIA-PACIFIC CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 78

TABLE 38 ASIA-PACIFIC CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 79

TABLE 39 ASIA-PACIFIC CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 80

TABLE 40 JAPAN CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 81

TABLE 41 JAPAN CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 81

TABLE 42 CHINA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 82

TABLE 43 CHINA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 83

TABLE 44 INDIA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 84

TABLE 45 INDIA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 84

TABLE 46 AUSTRALIA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 85

TABLE 47 AUSTRALIA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 86

TABLE 48 SOUTH KOREA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 86

TABLE 49 SOUTH KOREA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 87

TABLE 50 MIDDLE EAST & AFRICA CONNECTED HEALTHCARE MARKET, BY REGION, 2020–2027 (USD MILLION) 88

TABLE 51 MIDDLE EAST & AFRICA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020–2027 (USD MILLION) 89

TABLE 52 MIDDLE EAST & AFRICA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 90

TABLE 53 CONNECTED HEALTHCARE: PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 92

TABLE 54 CONNECTED HEALTHCARE: PRODUCT DEVELOPMENT AND LAUNCH 96

TABLE 55 CONNECTED HEALTHCARE: APPROVALS 97

TABLE 56 CONNECTED HEALTHCARE: ACQUISITIONS 99

TABLE 57 CONNECTED HEALTHCARE: AWARD & RECOGNITION 99

TABLE 58 CONNECTED HEALTHCARE: OTHERS 100

TABLE 59 AGAMATRIX, INC.: KEY DEVELOPMENT 101

TABLE 60 AIRSTRIP TECHNOLOGIES: KEY DEVELOPMENT 103

TABLE 61 ALIVECOR INC.: KEY DEVELOPMENT 105

TABLE 62 ALLSCRIPTS: KEY DEVELOPMENT 109

TABLE 63 ATHENAHEALTH, INC.: KEY DEVELOPMENT 114

TABLE 64 BOSTON SCIENTIFIC CORPORATION: KEY DEVELOPMENT 116

TABLE 65 CERNER: KEY DEVELOPMENT 119

TABLE 66 GE HEALTHCARE: KEY DEVELOPMENT 123

TABLE 67 HONEYWELL LIFE CARE SOLUTIONS: KEY DEVELOPMENT 126

TABLE 68 MEDTRONICS: KEY DEVELOPMENT 128

TABLE 69 PERSISTENT SYSTEMS: KEY DEVELOPMENT 134

TABLE 70 KONINKLIJKE PHILIPS NV: KEY DEVELOPMENT 137

TABLE 71 QUALCOMM: KEY DEVELOPMENT 140

TABLE 72 SANOFI: KEY DEVELOPMENT 143

13 List Of Figures

FIGURE 1 GLOBAL CONNECTED HEALTHCARE: MARKET STRUCTURE 16

FIGURE 2 RESEARCH PROCESS OF MRFR 17

FIGURE 3 GLOBAL CONNECTED HEALTHCARE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES 19

FIGURE 4 GLOBAL CONNECTED HEALTHCARE MARKET: PORTER FIVE FORCES ANALYSIS 26

FIGURE 5 GLOBAL CONNECTED HEALTHCARE MARKET: VALUE CHAIN 29

FIGURE 6 GLOBAL CONNECTED HEALTHCARE MARKET, BY TYPE, 2020 (%) 32

FIGURE 7 M-HEALTH SERVICES MARKET, BY REGION, 2020 & 2027 (USD MILLION) 33

FIGURE 8 TYPES OF CONNECTED HEALTHCARE SERVICES 33

FIGURE 9 M-HEALTH DEVICES MARKET, BY REGION, 2020 & 2027 (USD MILLION) 36

FIGURE 10 TYPE OF CONNECTED HEALTHCARE DEVICES 38

FIGURE 11 TYPES OF WEARABLE DEVICES 42

FIGURE 12 E-PRESCRIPTION MARKET, BY REGION, 2020 & 2027 (USD MILLION) 48

FIGURE 13 TYPES OF CONNECTED HEALTHCARE APPLICATION 51

FIGURE 14 GLOBAL CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020 & 2027 (USD MILLION) 52

FIGURE 15 GLOBAL CONNECTED HEALTHCARE MARKET SHARE, BY REGIONS 60

FIGURE 16 GLOBAL CONNECTED HEALTHCARE MARKET, BY REGION, 2020 & 2027 (USD MILLION) 61

FIGURE 17 NORTH AMERICA CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020 (%) 62

FIGURE 18 NORTH AMERICA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020 & 2027 (USD MILLION) 63

FIGURE 19 EUROPE CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020 (%) 68

FIGURE 20 EUROPE CONNECTED HEALTHCARE MARKET, BY TYPE, 2020 & 2027 (USD MILLION) 69

FIGURE 21 EUROPE CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020 & 2027 (USD MILLION) 70

FIGURE 22 ASIA-PACIFIC CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020 (%) 77

FIGURE 23 ASIA-PACIFIC CONNECTED HEALTHCARE MARKET, BY TYPE, 2020 & 2027 (USD MILLION) 78

FIGURE 24 ASIA-PACIFIC CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020 & 2027 (USD MILLION) 79

FIGURE 25 MIDDLE EAST & AFRICA CONNECTED HEALTHCARE MARKET, BY COUNTRY, 2020 (%) 88

FIGURE 26 MIDDLE EAST & AFRICA CONNECTED HEALTHCARE MARKET, BY TYPE, 2020 & 2027 (USD MILLION) 89

FIGURE 27 MIDDLE EAST & AFRICA CONNECTED HEALTHCARE MARKET, BY APPLICATION, 2020 & 2027 (USD MILLION) 90

FIGURE 28 COMPETITIVE ANALYSIS 92

FIGURE 1 AGAMATRIX, INC.: SWOT ANALYSIS 102

FIGURE 2 AIRSTRIP TECHNOLOGIES: SWOT ANALYSIS 104

FIGURE 3 ALIVECOR INC.: SWOT ANALYSIS 106

FIGURE 4 ALLSCRIPTS: RECENT FINANCIAL 107

FIGURE 5 ALLSCRIPTS: OPERATING SEGMENTS 108

FIGURE 6 ALLSCRIPTS: GEOGRAPHIC REVENUE MIX 108

FIGURE 7 ALLSCRIPTS: SWOT ANALYSIS 109

FIGURE 8 APPLE INC.: RECENT FINANCIAL 110

FIGURE 9 APPLE INC.: OPERATING SEGMENTS 111

FIGURE 10 APPLE INC.: GEOGRAPHIC REVENUE MIX 111

FIGURE 11 APPLE INC.: SWOT ANALYSIS 112

FIGURE 12 ATHENAHEALTH, INC.: RECENT FINANCIAL 113

FIGURE 13 ATHENAHEALTH, INC.: SWOT ANALYSIS 114

FIGURE 14 BOSTON SCIENTIFIC CORPORATION: RECENT FINANCIAL 115

FIGURE 15 BOSTON SCIENTIFIC CORPORATION: RECENT FINANCIAL 116

FIGURE 16 BOSTON SCIENTIFIC CORPORATION: SWOT ANALYSIS 117

FIGURE 17 CERNER: RECENT FINANCIAL 118

FIGURE 18 CERNER: GEOGRAPHICAL MIX 119

FIGURE 19 CERNER: SWOT ANALYSIS 120

FIGURE 20 GE HEALTHCARE: RECENT FINANCIAL 121

FIGURE 21 GE HEALTHCARE: OPERATING SEGMENTS 122

FIGURE 22 GE HEALTHCARE: GEOGRAPHICAL MIX 122

FIGURE 23 GE HEALTHCARE: SWOT ANALYSIS 123

FIGURE 24 HONEYWELL LIFE CARE SOLUTIONS: RECENT FINANCIAL 124

FIGURE 25 HONEYWELL LIFE CARE SOLUTIONS: OPERATING SEGMENTS 125

FIGURE 26 HONEYWELL LIFE CARE SOLUTIONS: GEOGRAPHICAL MIX 125

FIGURE 27 HONEYWELL LIFE CARE SOLUTIONS: SWOT ANALYSIS 126

FIGURE 28 MEDTRONICS: RECENT FINANCIAL 127

FIGURE 29 MEDTRONICS: OPERATING SEGMENTS 128

FIGURE 30 MEDTRONICS: GEOGRAPHICAL MIX 128

FIGURE 31 MEDTRONICS: SWOT ANALYSIS 129

FIGURE 32 MICROSOFT: RECENT FINANCIAL 130

FIGURE 33 MICROSOFT: OPERATING SEGMENTS 131

FIGURE 34 MICROSOFT: GEOGRAPHICAL MIX 131

FIGURE 35 MICROSOFT: SWOT ANALYSIS 132

FIGURE 36 PERSISTENT SYSTEMS: RECENT FINANCIAL 133

FIGURE 37 PERSISTENT SYSTEMS: GEOGRAPHICAL MIX 134

FIGURE 38 PERSISTENT SYSTEMS: SWOT ANALYSIS 135

FIGURE 39 KONINKLIJKE PHILIPS NV: RECENT FINANCIAL 136

FIGURE 40 KONINKLIJKE PHILIPS NV: OPERATING SEGMENTS 137

FIGURE 41 KONINKLIJKE PHILIPS NV: GEOGRAPHICAL MIX 137

FIGURE 42 KONINKLIJKE PHILIPS NV: SWOT ANALYSIS 138

FIGURE 43 QUALCOMM: RECENT FINANCIAL 139

FIGURE 44 QUALCOMM: GEOGRAPHICAL MIX 140

FIGURE 45 QUALCOMM: SWOT ANALYSIS 141

FIGURE 46 SANOFI: RECENT FINANCIAL 142

FIGURE 47 SANOFI: OPERATING SEGMENTS 143

FIGURE 48 SANOFI: GEOGRAPHICAL MIX 143

FIGURE 49 SANOFI: SWOT ANALYSIS 145

FIGURE 50 VIVIFY HEALTH, INC.: SWOT ANALYSIS 147

Connected Healthcare Market

The connected healthcare market is reach USD 232.87 Million at CAGR of 30.27% by the end of 2020-2027.

Segmentation

By Type M Health Services M Health Devices E Prescription
By Application Monitoring Applications Diagnosis & Treatment Education & Awareness Healthcare Management Wellness & Prevention Other Application

Key Players

  • Agamatrix
  • AirStrip Technologies
  • AliveCor Inc
  • Allscripts
  • Apple Inc.
  • Athenahealth
  • Boston Scientific Corporation
  • Cerner
  • GE Healthcare
  • Honeywell Life Care Solutions
  • Medtronics

Drivers

  • Growing Integration of IT in Healthcare
  • High internet penetration in developed and developing countries
  • Growing government spending on the healthcare sector
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Connected Healthcare Market Overview


The connected healthcare market shall capture a fantastic growth rate of 30.27% between 2020 and 2027, expects Market Research Future (MRFR). The market size will be USD 232.87 Million by the end of 2027.


Connected healthcare is basically a healthcare management system, used with mobile telecommunications and health technology to enable clinics and hospitals to provide remote care.


The connected health market will be making huge progress from 2020 to 2027, thanks to the surging government spending to improve the healthcare industry in developing nations. Introduction of new point of care models along with the expansion of the elderly patient pool worldwide raises the adoption rate of connected healthcare devices to provide real-time assessing, monitoring as well as sharing of data. Surge in the internet penetration, mostly in developing economies coupled with the heightened trend of patient-centric approach will be a crucial factor in market expansion.


The business remuneration is touted to be bolstered by the rise in healthcare management applications as the need for faster, reliable, and accurate health information continues to mount. Growth in the product penetration within healthcare & public health systems, hospitals and medical facilities, will also enhance the market size. However, the poor standard of medical facilities in underdeveloped countries in Africa can have a grave impact on the overall market in the long run.


Having said that, the rapidly soaring demand for connected healthcare solutions across the mounting number of hospitals and clinics in various countries will present lucrative opportunities to the firms. The surging need for EHR records by medical professionals and the mounting need for remote patient monitoring systems for efficient management leads to higher use of IoT-enabled healthcare solutions. The rising uptake of the IoT technology in healthcare and the surging number of clinics and hospitals with more access to various healthcare services will foster business development. The market progress in Asia Pacific region will be notable, as the demand for wearable devices continues to rise and health consciousness among consumers surges. The heightened use of smartphones and the favorable government outlays with respect to healthcare will offer opportunities to the international companies as well.

Market Dynamics


Drivers


Growing Integration of IT in Healthcare to Drive Market Growth


Patients are becoming more concerned about their healthcare and fitness with the improvement in technology. Connected healthcare services deal with and facilitate the treatment of chronic and infectious diseases rather than just diagnosis or prevention. Connected healthcare applications have increased the participation of the patient population, increased the use of smartphones and wearable devices in healthcare, cost-effectiveness and patient convenience, and the continuous increase in lifestyle diseases has led to the development of personalised healthcare solutions. In addition, growing ageing populations across the globe and continuous changing point of care models are contributing to increasing demand for linked healthcare devices for patient-related data tracking and sharing in real time, another main factor expected to help global market development. In addition, high internet penetration in developed and developing countries, coupled with growing government spending on the healthcare sector to promote multiple healthcare services, is a major factor driving the growth of the linked global healthcare industry. 


Opportunities


Advanced Diagnostics Development to Create Growth Opportunities


Due to the need for efficient communication between medical personnel and patients, the telemedicine sector is expected to see lucrative growth during the forecast period. Telemedicine allows health informatics, diagnostic and imaging data to be transmitted from one location to another, thereby increasing the demand for diagnosis and treatment of diseases. In the coming years, the emergence of new modes of telemedicine, including telemedicine, advanced diagnostics and video telephony, will accelerate the growth of the segment. Growing investments by major players and increasing government spending on healthcare infrastructure growth in developing countries are expected to generate new revenue opportunities for market players over the forecast period.


Restraints


Growing Cyber Attack Risks Impede Market Growth


However, some of the key factors that are expected to hamper the growth of the target market are the lack of security standards and the danger associated with data loss. Linked health care is revolutionary, but it raises many problems related to health data sensitivity.  This involves cyber attack risks, data protection hazards and a lack of qualified workforce to manage large quantities of data, along with a lack of knowledge related to health apps will limit connected healthcare market growth.


Segmental Analysis


By Type


Due to the growing number of electronically issued prescriptions, the e-Prescription segment should experience robust growth over the study timeframe. E-Prescriptions enhance the quality of treatment, precision and patient protection, thus propelling the development of the market. In addition, e-Prescription benefits such as minimising prescription drug mistakes, monitoring patient prescription fulfilment, and increased patient drug adherence would further stimulate the size of the connected healthcare market.


By Application


Over the coming years, the healthcare management segment is projected to show significant revenue share. Public health services, health systems, hospitals, medical facilities are the subject of healthcare management application of linked health. Access to reliable, full and reproducible health information would further improve the development of the connected health industry.


Regional Analysis


North America to Dominate Market Growth


Due to proven healthcare systems and technological development, North America accounted for 37 per cent of the connected healthcare market share. In the linked healthcare solutions and application market, tracking and diagnosis and treatment applications dominate. With the growth in large numbers of mobile applications using those aims for wellness and wellbeing, it has gained a major role in the global linked healthcare industry. Thus, these related healthcare solutions help reduce costs by saving time by minimising medical visits and delivering improved healthcare systems. In addition, the inherent gap in different types of connected healthcare solutions has forced the development of a comprehensive system that offers consistent processes and approaches for various healthcare facilities and applications to be deployed.


Europe Growth Driven by Expanding Healthcare Infrastructure


In the next few years, Europe is projected to have lucrative growth in the connected healthcare market due to high internet penetration, increased geriatric population and increased demand for integrated healthcare services.


Rising Adoption of Telemedicine to Drive APAC


The fastest-growing area is projected to be Asia-Pacific. In the connected healthcare market, the Asia-Pacific region has shown tremendous growth and is expected to dominate the industry by the end of the forecast period. Telemedicine, remote supervision, remote diagnosis, quick access to linked healthcare apps and, most significantly, the cost-effectiveness of such linked healthcare solutions are the driving forces. There are a large number of developing countries in the Asia-Pacific region, including India, Bangladesh, Thailand, Pakistan, Myanmar, Malaysia, Indonesia and Vietnam, among others which are increasingly, linked healthcare technologies are being used to improve healthcare, inform people about understanding, and also to treat serious and chronic diseases.


MEA to Witness Gradual Growth


Because of low internet penetration and lack of qualified technicians, the Middle East & Africa region is likely to represent restricted growth and have a globally linked healthcare market share. With the increasing awareness of the use of healthcare data, Latin America is expected to record a steep increase over the projected era..


Competitive Landscape


Product Innovation to be the Primary Focus of Market Players


Due to the presence of numerous well-established global and regional vendors, the global linked health market is highly fragmented. Many new vendors are looking to enter the market in the coming years, despite many obstacles to new entrants, such as high implementation costs and insufficient infrastructure. With an increase in product/service extensions and technological advances, the competitive landscape in this sector is anticipated to intensify. Innovation, product growth, acquisition, and expansion were some of the main strategies pursued by the players employed in the global connected healthcare industry.



  • Agamatrix, Inc.

  • AirStrip Technologies,

  • AliveCor Inc

  • Allscripts

  • Apple Inc.

  • Athenahealth, Inc

  • Boston Scientific Corporation

  • Cerner

  • GE Healthcare

  • Honeywell Life Care Solutions

  • Medtronics

  • Microsoft

  • Persistent Systems

  • Koninklijke Philips NV

  • Qualcomm

  • Sanofi

  • Vivify Health, Inc.


Recent Development


March 2022


HealthNet has introduced a latest mobile health clinic aimed at enhancing the healthcare access in low-income rural communities. This new clinic will be open four days a week, rotating between Morgan, Marion. and Monroe counties. The RV-sized mobile health clinic has two exam rooms as well as a laboratory. Patients will be receiving primary care visits, blood pressure screens, immunizations, mental health screenings, referrals to specialty care, and HIV testing services.


Report Overview


By Type



  • M-Health Services

  • M-Health Devices

  • E-prescription


By Application



  • Monitoring Applications

  • Diagnosis & Treatment

  • Education & Awareness

  • Healthcare Management

  • Wellness & Prevention

  • Other Application



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 232.87 Million
  • 2027: Significant Value
  •   CAGR   30.27% (2019-2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Application,
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Agamatrix Inc., AirStrip Technologies, AliveCor Inc, Allscripts, Apple Inc., Athenahealth Inc, Boston Scientific Corporation, Cerner, GE Healthcare, Honeywell Life Care Solutions, Medtronics, Microsoft, Persistent Systems, Koninklijke Philips NV, Qualcomm, Sanofi, Vivify Health Inc.
      Key Market Opportunities   Advanced Diagnostics Development
      Key Market Drivers

  • Growing Integration of IT in Healthcare
  • High internet penetration in developed and developing countries
  • Growing government spending on the healthcare sector


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    Frequently Asked Questions (FAQ) :

    Connected healthcare market is projected to grow at a 30.27% CAGR between 2013-2022.

    North America is expected to dominate the connected healthcare market.

    Connected healthcare market is predicted to touch USD 232,871.45 million by 2022.

    M-health devices segment will lead the connected healthcare market.

    Increasing use of wearable devices in healthcare and rise in lifestyle diseases are the key factors driving the connected healthcare market.