The Global Connected Care Market was estimated at USD 37.29 Billion in 2021, and is projected to reach USD 174.55 Billion by 2028, growing at a CAGR of 24.67%. The Analysis Period 2023-2030.

The Connected Care Market is a rapidly growing sector within the broader healthcare industry. It encompasses a range of technologies and services that enable healthcare providers to remotely monitor and deliver care to patients. These technologies include telehealth, remote patient monitoring, wearable devices, and healthcare data analytics. The market has seen substantial growth in recent years, largely driven by the need for more efficient and cost-effective healthcare delivery, especially in light of the COVID-19 pandemic. Connected Care solutions offer numerous benefits, such as improved patient outcomes, reduced hospital readmissions, and increased access to care for individuals in remote or underserved areas.

Top Key Players Covered in The Connected Care Market

Allscripts Healthcare LLC. (U.S.), Cerner Corporation (U.S.), Koninklijke Philips N. V (Netherlands), McKesson Corporation (U.S.), Apple Inc. (U.S.), Omron Corporation (Japan), General Electric Company (U.S.), Fitbit Inc. (U.S.), IBM Corporation (U.S.), NXGN Management LLC and other major players.

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·         Scope For 2023

·         Brief Introduction to the research report.

·         Table of Contents (Scope covered as a part of the study)

·         Top players in the market

·         Research framework (structure of the report)

·         Research methodology adopted by Worldwide Market Reports

Market Driver:

One of the key drivers of the Connected Care Market is the increasing aging population worldwide. As the global population ages, there is a growing demand for healthcare services and monitoring. Connected care solutions can help address the challenges of an aging population by providing remote monitoring, chronic disease management, and timely medical interventions. The need for continuous care for elderly individuals, especially those with chronic illnesses, is creating a significant demand for telehealth and remote patient monitoring solutions. This demographic shift is expected to continue driving the growth of the Connected Care Market in the coming years.

Market Opportunity:

A promising market opportunity within the Connected Care Market lies in the expansion of telehealth services beyond primary care and into specialized medical fields. Telehealth has gained significant traction in providing general healthcare services, but there is room for substantial growth in areas such as mental health, dermatology, and cardiology. Expanding telehealth services to address a broader range of medical specialties can improve access to specialized care, reduce healthcare disparities, and offer innovative solutions for patients in remote or underserved areas. Entrepreneurs and healthcare organizations that can develop and market specialized telehealth solutions stand to capitalize on this growing market opportunity.

                                        Scope of the Report

Report Metric

Details

Market size available for years

2017–2023

Base year considered

2022

Forecast period

2023–2030

Forecast units

USD 174.55 Billion

Segments covered

Type, Application, and Region

Geographies covered

North America, APAC, Europe, MEA, and Latin America

Companies covered

Allscripts Healthcare LLC. (U.S.), Cerner Corporation (U.S.), Koninklijke Philips N. V (Netherlands), McKesson Corporation (U.S.), Apple Inc. (U.S.), Omron Corporation (Japan), General Electric Company (U.S.), Fitbit Inc. (U.S.), IBM Corporation (U.S.), NXGN Management LLC and other major players.

For the Purpose Of This Report, Reports And Data Has Segmented The Global Connected Care Market On The Basis Of Type, By Source, By Product, And Region:

By Type         

·         mHealth services

·         mHealth devices

·         e-Prescription

By Function  

·         Remote patient monitoring

·         Clinical Monitoring

·         Telemedicine

·         Others

By Application          

·         Diagnosis & Treatment

·         Monitoring Applications

·         Wellness & Prevention

·         Healthcare Management

·         Others

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By Region

·         North America (US, Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

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