Vision
Value
Visibility Report Code :HC 1002
2016-2024
Global Connected Healthcare Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
+1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
www.goldsteinresearch.com
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Executive Summary Global Connected Healthcare Market Size USD (Billion). 2016-2024
Sample Request Global Connected Healthcare Market Share(%), By Region-2016-2024
XX%
CAGR: (2016-2024)
2015e
2016f
2017f
12.0 24.0 0% 25.0 2016 0% 4.00 0% % 35.0 0% 2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
In 2016,
Asia-Pacific
North America
Europe
Latin America
Source: Goldstein Research
M Health Services accounted for the highest market share XX% in Connected Healthcare Market
Global Connected Healthcare Market Share(%), By Target Audience-2016
10.00 10.00 % 32.00 % % 15.00 % 7.00% 26.00 %
Middle East & Africa
13.00 27.00 % % 25.00 2024 % 5.00% 30.00 %
Medical device manufacturers Medical device supplier Government Research Laboratory Research and Development (R&D) Companies Marketing Research and Consulting Service Provider Medical Research Laboratories
With
XX% share in 2016, North America region dominated the collective Global Connected Healthcare market
Global Connected Healthcare Market Share(%), By Application-2016
3.00% 8.00% 35.00 22.00 % % 12.00 20.00 % %
Global Healthcare Market Share(%), By Function2016
Monitoring Application Diagnosis & Treatment Education and Awareness Healthcare Management Wellness and Prevention Others
Hom e Mon ito ring
Cli nical Mo nitoring
Assisted L iv ing
Tel em ed ic ine
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
Source: Goldstein Research
Source: Goldstein Research
www.goldsteinresearch.com
Key Findings
Sample Request
In 2016, m health services dominated the market; m health devices segment accounted for nearly XX% of the total connected healthcare market and remaining XX% went for e-prescription. The main reason for this despaired share is due to the rising demand for connected healthcare trend owing to the ease of data management and patient monitoring. However, as the medical device technology is on rise (especially in developing countries), the Europe connected healthcare market is projected to reach USD XXXX million in 2024 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, North America connected healthcare market touched USD XXXX million in 2016 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2024 As a result, if seen from the big market point of view, m health services demand is higher in homecare settings followed by other healthcare facilities. Moreover, the rising healthcare expenditure in Africa on the back of new healthcare reforms and rising investment in healthcare sector is expected to bolster the growth of connected healthcare in Africa region
Growing IT Healthcare
Rising inpatients
With USD XXXX million in 2016, monitoring application has the highest demand followed by diagnosis and treatment, healthcare management, education and awareness and prevention. The advancement in healthcare devices are encouraging the hospitals and diagnostic laboratories to adopt the advanced devices to obtain accurate diagnosis data. The precise data would further help the physicians to provide better treatment to the patients Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa connected healthcare market The advancement in connectivity technology along with the introduction of IT healthcare is also awakens the opportunity for connected healthcare devices.
Global Connected Healthcare Devices Shipments (Million Units) Asia-Pacific
Copyright
North America
2016
XX Million Units
XX Million Units
2024
XX Million Units
XX Million Units
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Rising Diagnostic Laboratories
Rise in home healthcare settings
Advancement in medical devices
Major Players Presence-Regional Analysis
Major Players/ Industries
North America
APAC
Europe
Sample Request
Latin America
Middle East & Africa
Abbot Medtronic Siemens Roche IBM Philips GE Healthcare Microsof
High Penetration
Medium Penetration
Low Penetration
Source: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
ROW
Global Connected Healthcare Market Size (USD Billion) & Growth Analysis Global Connected Healthcare Market Size (USD Billion)-2016-2024 XX
XX
XX% XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX%
XX
XX
XX%
XX
XX%
XX XX
XX
XX
XX XX
Global Connected Healthcare Market Y-O-Y Growth (%) Analysis-2016-2024
XX
XX
XX%
m a S
XX% XX%
XX% XX% XX% XX% XX%
XX% XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
Europe connected healthcare industry size is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, connected healthcare devices sales increased from XXXX units in 2015 to XXXX units in 2016 The medical devices market growth rate declined in 2010 by 5.0%, due to the absence of virus testing in 2009, while H1N1 pandemic and H1N1 influenza testing have led to a significant growth (XX% growth) in the medical devices market It is sensitive to the economic cycle, as sales in most connected healthcare device markets declined due to the 2009 global economic downturn. However, rising healthcare expenditure in major countries in Asia-Pacific such as China, Japan, Australia and others are expected to trigger the demand for connected healthcare devices and services market
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
2024
Market Dynamics
Sample Request
Growth Drivers
Result Result Confidentiality Confidentiality
Growth Barriers
m a S Instant Therapy
e l p Lack of Laboratories with proper accreditation
Faulty regulations leading to disorientation of POCT.
General Trend
Highly Complex
Moderately Complex
Waived
Tests Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Global Connected Healthcare Market Share(%) - By Type,2016-2024 Key Findings
Global Connected Healthcare Market Share, By Type, 2016-2024
20.00 % 30.00 %
27.00%
M Health Services
2016
50.00 %
Asia-Pacific m-health services market is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. Modernization of lifestyle and penetration of internet among the population in India, China, Japan and other major economies along with the rising awareness towards healthcare facilities are propelling the demand for connected healthcare 2024
M Health Devices
30.00% E Prescription
m a S
Source: Goldstein Research
43.00%
e l p
E prescription tends to dominate the market by XX% of market share owing to the awareness and availability of the resources with the patients and hospital management
Global Global Connected Connected Healthcare Healthcare Market Market Y-O-Y Y-O-Y Growth, Growth, By By Type, Type, 2016-2024 2016-2024
Global Global Connected Connected Healthcare Healthcare Market Market Size Size (USD (USD Billion), Billion), By By Type-2016-2024 Type-2016-2024 XX
XX
XX
XX
Advancement in medical devices by implementing internet of things and artificial intelligence technologies tends to enhance the design and test functionality of devices. Enhancement in design and portability of connected medical devices are driving the growth of connected healthcare
XX
XX
2016 M-Health Services
M-Health Devices
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
2024 E-Prescription
2015
2016e
2017f
2018f
2019f Y-o-Y
Source: Goldstein Research
www.goldsteinresearch.com
2020f
2021f
2022f
2023f
Global Connected Devices Market Share (%), 2016 & Market Size (USD Billion), By Region,2015 & 2016 Global Global Connected Connected Healthcare Healthcare Market Market Size Size (USD (USD Billion) Billion) -- By By Region, Region, 201520152016 2016 XX
Global Global Connected Connected Healthcare Healthcare Market Market Share Share (%) (%) -- By By Region, Region, 2016 2016 XX
XX%
XX% XX%XX%
XX XX XX XX
XX%
m a S XX
XX%
XX XX
North America
Latin America
ROW Source: Goldstein Research
Europe
Asia-Pacific
Middle East & Africa
XX
e l p XX
XX
XX
APAC
North America
XX
2015
2016
XX
Europe
XX
XX
XX
Latin America Middle East & Africa
Source: Goldstein Research
 Asia-Pacific is expected to dominate the connected healthcare market with a market share of XX% by the end of the forecast period i.e. 2024 owing to the Presence of emerging and developed economies such as India, China, Japan, Australia and others  North-America connected healthcare market is anticipated to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. The revolution of healthcare connectivity with promising next generation solutions is the major driver to led the North America in connected healthcare market. Further, U.S. is expected to dominate the overall North-America market with a market share of XX% by 2024 on the back of spiked adoption of connectivity devices Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
XX
Porter’s Five Force Model
Customer can easily switch to substitute products. So substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
Barriers to Entry HIGH Technology Constrains, Quality Assurance, Revenue Assurance, IP
Supplier Power: HIGH
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing •Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright
All Rights Reserved, Goldstein Research
The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit.
e l p
Threat of new entrants
m a S Bargaining power of suppliers
Sample Request
Industry Competitors: HIGH Abbot, Siemens, Roche, Philips, Sysmex, etc
Bargaining Power of buyers
Buyer Power: HIGH
Threat of substitute products or services
Substitutes: HIGH
The power of Buyers is significantly high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is also high as there are multiple supplier for a particular test and these causes, for companies to compete on price when they do not have any point of differentiation.
www.goldsteinresearch.com
Sample Request
About us Connect With Us: Published By: Goldstein Research
Vision
Value
Visibility Sample Request
About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Vision
Value
Visibility Sample Request
Contact Us: For Research & Sales Related Queries +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
Corporate Office: 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India www.goldsteinresearch.com Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Sample Request
thAnk you Connect With Us: Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com