The global healthcare systems are undergoing a vibrant change, where patient centric are replacing conventional reactive care model consistently. Recently, extensive digitalization has driven healthcare systems with extensive medical records of patients at the fingertips of professional caretakers. Additionally, adoption of wearable technology and connected apps through IOT is expected to drive this momentum further in the near future.
On the back of these extensive changes and changing landscape, the connected healthcare market is expected to grow in a robust manner during the forecast perio. The connected healthcare market is registering a significant CAGR growth at the moment. Connected healthcare market offers more than essential services like home monitoring, telemedicine, ehealth and mhealth services. It also does it in in a cost-effective manner. According to a new press release by Microsoft, the virtual assistant AI technology can soon be expected to replace primary meeting with general health practitioners. Consequently, government agencies globally are supporting move to digitalize healthcare with infusion of government subsidies and programs.
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- Connected Healthcare Market: Regional Outlook
The global connected healthcare market report is divided in five regions including North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The connected healthcare market is expected to take giant strides in developed markets of North America and Europe. These regional markets not only support the initial capital investments and have delivered significant gains but also support various inroads made by IOT technology already. The connected healthcare market in Asia Pacific is also expected to make significant gains during the forecast period. The large penetration of smartphones in the region, long queues due to large population sizes are expected to drive the connected healthcare market further.
- Global Connected Healthcare Market: Competitive Landscape
The key players in the global connected healthcare market increasingly form a dynamic and competitive business landscape. New players are expected to seek entry into the market due to lucrative opportunities. Major players in the connected healthcare market are Qualcomm, Koninklijke Philips N.V., GE Healthcare, Athenahealth Inc., SAP SE, and Oracle Corporation.