Global Connected Healthcare Market Outlook
Global Connected Healthcare Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024
Request sample Rep ortRequest sample Rep ort
Report Code :HC 1335
+1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991071-6331 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
Global Connected Healthcare Market Outlook Global Connected Healthcare Share(%), By Region-2016-2024
Global Connected Healthcare Market Size USD (Billion). 2016-2024 XX XX
XX% CAGR: (2016-2024)
XX XX
XX
XX
XX
XX
XX
XX
Request sample Rep ortRequest sample Rep ort 7.00 7.00 7.00 % 32.00 7.00 % 33.0 % %% 26.00 2024 25.0 2016 0% % 0% 28.0 28.00 0% %
XX
XX
XX
XX XX
Asia Pacific
XX
m a S
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f
Source: Goldstein Research
e l p North America
Europe
Latin America
Middle East and Africa
Source: Goldstein Research
M Health Services accounted for the highest market share XX% in Global
In 2016,
With
Healthcare By Target
10.00 10.00 % 32.00 % % 15.00 % 7.00% 26.00 % Medical device manufacturers Medical device supplier Government Research Laboratory Research and Development (R&D) Companies
Marketing Research and Consulting Service Provider
XX% share in 2016, North
America dominated the Global Connected
Connected Healthcare Market
Global Connected Market Share(%), Audience-2016
Market
Global Connected Healthcare Market Share (%), By Applicatio2016
Healthcare market
Global Connected Healthcare Market Share (%), By Type-2016
3.00% 8.00% 35.00 22.00 % % 12.00 20.00 % %
Monitoring Application
Diagnosis & Treatment
Education and Awareness
Healthcare Management
Wellness and Prevention
Others
Medical Research Laboratories M Health Services
Source: Goldstein Research
Copyright
Source: Goldstein Research
All Rights Reserved, Goldstein Research
Source: Goldstein Research
www.goldsteinresearch.com
E Prescription
M Health Devi ces
Global Connected Healthcare Market Outlook
Request sample Rep Request sample Rep In 2016, m health services dominated the market; m health devicesort segment ort 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
e l p
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 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
m a S
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
Growing IT Healthcare
Rising inpatients
Rising Diagnostic Laboratories
Rise in home healthcare settings
Advancement in medical devices
Global Connected Healthcare Devices Shipment (Million Units) North America
Europe
Asia-Pacific
2016
USD XX Billion
USD XX Billion
USD XX Billion
2024
USD XX Billion
USD XX Billion
USD XX Billion
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Major Players Presence-Regional Analysis
Major Players/ Industries
North America
APAC
Request sample Rep ortRequest sample Rep ort Middle East &
Europe
Latin America
Africa
Abbot
Medtronic
Siemens
m a S
Roche
IBM
Philips
e l p
GE Healthcare
Microsof
High Penetration Copyright
All Rights Reserved, Goldstein Research
Medium Penetration
Low Penetration
www.goldsteinresearch.com
Global Connected Healthcare Market Size (USD Billion) & Growth Analysis Global Connected Healthcare Market Size (USD Billion)-2016-2024
Request sample Rep ortRequest sample Rep ort XX
XX
XX
XX
XX
XX XX
XX
XX 2016e
2017e
Source: Goldstein Research
XX
2018f
2019f
2020f
e l p
XX
m a S
XX
XX
XX
2021f
XX
2022f
XX
2023f
2024f
Global Connected Healthcare Market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024.
Europe connected healthcare market 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
Region and Market Players-2016 Global Connected Healthcare Market Share (%) , By Companies, 2016 IBM; XX%
Philips; XX% Roche Diagnostics; XX%
Microsoft; XX%
GE Healthcare; XX%
Request sample Rep ortRequest sample Rep ort
e l p Siemens; XX%
Beckman Coulter; XX%
m a S
Medtronics; XX%
Source: Goldstein Research
Abbott; XX%
Global Connected Healthcare Market Share(%), By Region, 2016
North America XX %
Europe XX%
Asia Pacific XX%
Middle East& Africa XX% Latin America XX % Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Growth Drivers
Request sample Rep sample Rep Advanced Technologies ortRequest ort
Growing technological advancements in medical devices
Factors such as compact and accurate diagnosis medical devices, high end and energy efficient connected healthcare; devices for treatment applications and rising spending on research and development activities to manufacture cost-effective and efficient medical devices is expected to accelerate the growth of connected healthcare market On the other hand, increasing consumer awareness towards treatment of multiple disorders and increasing spending on healthcare on account of favorable reimbursement policies is expected to push the hospitals and clinics to adopt connected healthcare market to provide better diagnosis and treatment facilities to the patients
Microchips Modeling Wearable technology like Google glass 3-D printed biological materials Optogenetics
e l p
Hybrid operating rooms
Moreover, the growing demand for app based services in developing nations on the basis of factors such as changing lifestyle of the population, internet penetration and rising personal disposable income in developing nations further boost the demand for connected healthcare
m a S
Medtronic Healthcare invested USD XX Million for the design & manufacturing of medical devices with advanced & latest technology
For better services, Philips Healthcare collaborated with Rostock University to improve the healthcare technology through innovation
Adaptation of New technologies in many nations like U.S. ,adapted new technology of diagnostics designed by MedX to provide better services
High
Medium
Digestible sensors
Management sofware
Impact Analysis: Advanced researches and huge investments in R&D sector leads to design & manufacture new technology medical devices which further expected to fuel the growth of connected healthcare market globally. Advanced technology medical device help the healthcare industry to obtain precise data for treatment which is further sufficient to provide beter cure & prevention. These factors expected to exhibit a positive growth in connected healthcare market in near future
Low
Impact on Global Connected Healthcare Market Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Market Restraints
e l p
Request sample Rep sample Rep ortRequest The rural population of the world is more than the half of the total population (XX%), whereas XX% population are living in ort urban areas
Rural population, unawareness & deprived of healthcare services in rural regions
m a S
Lack of awareness towards medical devices & treatments in rural regions is hindering the growth of connected healthcare market at a large scale Due to unavailability of medical services & facilities in many under developed regions, hence deprived the population to experience the treatment facilities with sophisticated technology based medical devices Absence of convenience of healthcare facilities & less disposable income in rural regions across the globe are restraining the demand for connected healthcare market. Population living below poverty line across the globe are deprived from home healthcare facilities and unable to opt expensive services for treatments & cure
Rural & Urban Population (%)- World
Rural population (%) of the population(%)- By Countries, 2016
XX% XX%
XX
total
XX
XX
XX% XX% •
XX% of the total population of the world population is lived at or below USD 1.90 per day in the year 2012
•
In China, XXXX Million people living at or below USD1.90 per day
•
In East-Asia region, XX% of the total population of this region living below poverty line in 2012
•
In United States, the population lies below poverty line is XX % of the total population of the country
Source: Goldstein Research
Impact on Global Connected Healthcare Market High
Copyright
Medium
Low
All Rights Reserved, Goldstein Research
XX
China
XX
India
Germany
Russia
South Africa Source: Goldstein Research
Impact Analysis: The population living in rural areas across the globe are unable to get clinical treatments with medical devices due to less disposable income are some of the factors which is restraining the growth of connected healthcare market. Many regions across the globe are underdeveloped and viewing low economies . These regions are unable to embrace advanced healthcare facilities which is curbing the growth of global connected healthcare market.
www.goldsteinresearch.com
Global Connected Healthcare Market Outlook , By Type: 2016-2024 Global Connected Healthcare Market Share (%), By Type, 2016-2024
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
27.00% M Health Services
XX%
43.00%
XX%
2016
2024
M Health Devices E Prescription
XX%
30.00%
m a S
Request sample Rep ortRequest sample Rep Asia-Pacific ort m-health services
e l p
Advancement in medical devices by implementing internet of things Source: Goldstein Research and artificial intelligence Global Connected Healthcare Market Y-O-Y Growth, By Type, 2016- technologies tends to enhance the 2024 design and test functionality of devices. Enhancement in design and portability of connected medical devices are driving the growth of connected healthcare
2016e
2017f
2018f
2019f
2020f
2021f
2022f
2023f
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
2024f
Source: Goldstein Research
Global Connected Healthcare Market Size (USD Billion), By Type-2016-2024 XX XX
XX XX
2016 M-Health Services
2024 M-Health Devices
E-Prescription
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Global Connected Healthcare Market Outlook By M-Health Services: 2016-2024 Global m-Health Services App Developer Economics by Region, 2016
XX
to harness USD XX billion market revenue by 2024 with XX% Y-O-Y growth.
North America
XX
XX
M-Health services market was USD XX billion in 2016, expected to atain the growth rate of XX% over the forecast period and reach USD XX Billion by 2024.
Europe
XX
Request sample Rep sample Rep ortRequest The M-health services segment of ortHealthcare is expected Connected
Latin America Midlle East and Africa
e l p
North America m-health services market dominate owing to the XX largest app developer economics closely followed by Europe with XX Source: Goldstein Research % market share in global m-health Global Connected Healthcare Market Y-O-Y Growth, By M-Health services market. APAC
Services, 2016-2024
2016e
2017e
2018f
m a S 2019f
2020f
2021f
2022f
2023f
2024f
Major drivers of m-health services market are internet penetration, advanced healthcare system and awareness. m-health services holds the largest portion of market revenue while mhealth devices tends to grow at the faster pace in the forecast period. E prescription is still in the developing phase as more focus is towards the other two segments.
Source: Goldstein Research
Global Connected Healthcare Market Size (USD Billion), By M-Health Services, 2016-2024 XX XX XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX XX XX 2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
2024f
North America Connected Healthcare Market Size (USD Billion) & Y-O-Y growth (%), By Region- 20162024 North America Connected Healthcare Market Size(USD Billion)-2016-2024
Request sample Rep ortRequest sample Rep ort XX%
XX
XX%
XX
XX XX
XX
CAGR: (2016-2024) XX
XX
XX%
XX XX
XX
e l p XX% XX%
XX
XX%
XX XX
XX%
XX%
XX XX XX 2016e
2017e
Source: Goldstein Research
XX%
XX%
XX%
XX%
m a S 2018f
2019f
North America Connected Healthcare Market Size (USD Billions), By Country-2016-2024
2020f
2021f
XX
XX%
XX%
XX% XX% XX%
2022f
2023f
North America Connected Healthcare Market Size (USD Billion), By Type-2016-2024 XX
XX
XX%
XX% XX%
XX
XX%
XX%
XX
XX
XX
XX
XX%
XX
XX
XX% XX% XX% XX% XX% 2016 US
2024 Canada
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
2016 M-Health Services
2024 M-Health Devices
Source: Goldstein Research
www.goldsteinresearch.com
E-Priscription
US Connected Healthcare Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024
Request sample Rep ortRequest sample Rep US Connected Healthcare Market Size (USD Billion), Compound Annual Growthort Rate (%), Y-O-Y Growth Rate (%), 2016-2024
XX% XX
XX XX
XX
XX%
XX
XX
XX
XX
XX
XX XX XX
XX%
XX XX XX 2016e
m a S XX%
2017e
e l p XX
CAGR: (2016-2024) XX
XX%
XX
XX%
2018f
XX%
2019f
XX%
2020f
Source: Goldstein Research
Key Insights
High prevalence rates of diagnostic and lifestyle diseases coupled with technological advancements and higher disposable healthcare expenditures are helping U.S. connected healthcare market to be the most matured during the forecast period i.e. 20162024
2021f
XX% XX% XX%
2022f
XX% XX% XX% XX%
2023f
US Healthcare Expenditure (USD Billion), 2012-2017
XX
XX
XX
XX
XX
XX
XX XX
XX
The U.S. medical device industry is expected to remain highly competitive globally, partially because of national characteristics that facilitate bringing new and innovative technologies to market. Opportunities for expansion of U.S. medical device exports will come from certain key ongoing policy and activities.
XX%
XX%
XX%
XX%
XX%
XX
XX XX
XX
XX 2012
2013
2014
2015
2016
2017
Source: Goldstein Research
Besides leading the world in the production of medical devices, the United States is the largest medical devices consumer. The United States medical device market is valued at more than USD XX billion in 2015, which account for approximately XX percent of the global market. In order to facilitate expansion, medical device companies recognize that they must also look at developing countries for future growth. Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Global Connected Healthcare Market Outlook
Request sample Rep ortRequest sample Rep ort
Thank you Connect With Us:
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com