Connected Health Market Scope
Connected health is a collective term for telecare, telehealth, telemedicine, mHealth, digital health, and ehealth service. It refers to a conceptual model for health management where devices, services or involvements are intended around the patient’s needs, and health-related data is shared, in such a way that the patient can receive care in the most proactive and well-organized manner possible. Connected health approach has the potential to empower patients, clinicians, and healthcare developers alike by means of delivery of pertinent information at key touchpoints.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Connected Health market throughout the predicted period.
GE Healthcare (United States), Apple (United States), Athenahealth (United States), Philips Healthcare (Netherlands), Abbott Laboratories (United States), Allscripts (United States), F. Hoffmann-La Roche (Switzerland), Johnson & Johnson (United States), Microsoft (United States), OMRON (Japan), Huawei (China), Epic Systems (United States), Medtronic (Ireland), Qualcomm (United States), Skyscape (United States), Agamatrix, Inc. (Germany), Boston Scientific Corporation (United States), Resideo Technologies (United States) and Sanofi (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Vivify Health, Inc. (United States) and AirStrip Technologies (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Connected Health market by Type (M-Health Services [Mobile health Apps, Healthcare Providers, Pharmaceuticals] and M-Health Devices [Connected Drug Delivery Systems, Wearable Devices, Medical Devices, and Others]), by Application (Monitoring, Diagnostic &Treatment, Healthcare Management, Wellness & Prevention and Others) and Region with country level break-up.
On the basis of geography, the market of Connected Health 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).
Market Leaders and their expansionary development strategies
On January 15, 2020 - Allscripts Healthcare Solutions announced that PIH Health, a healthcare system based in Whittier, California, has extended its solutions, services and outsourcing engagement with Allscripts through 2025.
On February 20, 2020 - GE Healthcare has introduced a new cybersecurity service offering that brings together medical device expertise, artificial intelligence and process management tools to help hospital groups in their fight against cybersecurity threats. and On January 30, 2020 - Abbott announced that its Tendyne Transcatheter Mitral Valve Implantation (TMVI) system received CE Mark and is now approved for use in Europe. This life-changing therapy treats significant mitral regurgitation (MR) in patients requiring a heart valve replacement and provides a safe and effective solution for MR patients who are not candidates for open-heart surgery or transcatheter mitral valve repair.
Market Trend
- Technological Advancements in Healthcare Devices for Maintaining Health in Geriatric Population
- Changing Consumer Preference towards Healthier and Disease-Free Lifestyle
Market Drivers
- Increasing Use of Smartphones and Wearable Devices into Healthcare
- High Internet Penetration in Developed and Developing Countries
Opportunities
- Rising Government Expenditure on Improvement of Healthcare Infrastructure in Developing Countries
Restraints
- Lack of Security Standards and Risk Associated To Data Loss
Key Target Audience
Connected Health Providers, Healthcare Industry, Technology Providers, Potential Investors, Regulatory Bodies and Governmental Bodies