About Connected Health M2M
Connected Health M2M Market operates in an IT ecosystem. It enables accessing and sharing of healthcare data. Growing healthcare infrastructure in emerging countries, an elderly population and several other factor are driving sales for connected health M2M market. Characteristics of Connected Health M2M are healthcare asset management, clinical monitoring, clinical remote monitoring, first responder connectivity, telemedicine and assisted living and clinical trials. Growing research and development and consciousness regarding health would help Connected Health M2M Market to grow in the long-standing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 29.3% |
Competition among existing players is due to the Connected Health M2M market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Connected Health M2M Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Connected Health M2M market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc. (United States), GE Healthcare Ltd. (United States), Cisco Networks (United States), Epocrates Inc. (United States), IBM Corp. (United States), Philips Healthcare (Amsterdam, Noord-Holland), Siemens Healthcare (Germany) and Massive Health Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ob-tech Medical Corp. (Malesia), Athenahealth Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Connected Health M2M market by Type (home monitoring, clinical monitoring, clinical trials, telemedicine, assisted living, worried wel and clinical remote monitoring), Application (Hospitals, Individual Customers and Others) and Region.
On the basis of geography, the market of Connected Health M2M has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Device, the sub-segment i.e. Monitoring Devices will boost the Connected Health M2M market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Distant Patient Monitoring
Market Growth Drivers:
Increasing Health Care Infrastructure in Emerging Economies, Increasing Chronic Illnesses and Adoption of Wearable Technology
Challenges:
Low Quality Wireless Setup
Restraints:
Privacy and Security Concerns
Opportunities:
Increasing IT Infrastructure in Developing Economies
Market Leaders and their expansionary development strategies
In February 2022, IoT firm KORE has acquired mobility providers Business Mobility Partners and Simon IoT to expand its services within the healthcare and life sciences industries.
In October 2023, ZS, a global management consulting and technology firm, announced the launch of the AI-powered ZAIDYN Connected Health solution, part of the ZAIDYN by ZS platform. ZAIDYN Connected Health helps pharmaceutical companies, healthcare providers and payers innovate so they can understand unmet needs, better engage with patients and improve health outcomes. In an evolving healthcare ecosystem, it’s vital for these entities to have intelligence they can trust.
Key Target Audience
Health Care Institute, Research Institute, Government bodies, Business research and consulting firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.