Trends, opportunities and forecast in connected health device market to 2023 by product type, (BP monitors, insulin pumps, personal emergency response systems, glucose monitors, digital pedometers, body analyzers, GPS sports watches, heart rate monitors, and others), end use (home monitoring and hospitals/clinics), and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global connected health device market looks promising with opportunities in the home monitoring and hospital/clinic segments. The global connected health device market is expected to reach an estimated $36.1 billion by 2023 and is forecast to grow at a CAGR of 21.1% from 2018 to 2023.
The major drivers for growth of connected health device market are increasing adoption of IT in healthcare, increasing healthcare costs, need of easy and reliable patient monitoring systems for chronic diseases, and the growing awareness for health and fitness.
Browse 107 Market Data Tables and 119 Figures spread through 208 Pages and in-depth TOC on "Connected Health Device Market- Global Forecast to 2023”
In this market, the main segments by product type are personal medical devices and wellness devices.
The personal medical device includes BP monitors, insulin pump, personal emergency response system, and glucose monitor. The wellness device includes digital pedometers, body analyzers, GPS sports watches, heart rate monitors, and others.
On the basis of comprehensive research, Lucintel forecasts that the wellness device segment is expected to show above average growth during the forecast period.
By end use, the global connected health device market is segmented into hospital/clinic and home monitoring. The hospitals/clinic segment is expected to remain the largest segment over the forecast period from 2018 to 2023.
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APAC is expected to be the largest market and witness the highest growth rate during the forecast period due to a rapidly growing aging population with chronic diseases, rising disposable income, and increased adoption of smart phones.
Emerging trends, which have a direct impact on the dynamics of the industry, include adoption of cloud technology for interconnected healthcare devices, and the adoption of telemedicine. Some of the major suppliers of the connected health device market are Apple Inc., Medtronics, Fitbit, Omron, and Philips Healthcare Company.
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The study includes a forecast for the global connected health device market by type, product type, end use and region as follows:
By Product Type [Value ($ Million) from 2012 to 2023]:
- Connected Health Personal Medical Devices
- Insulin Pumps
- BP Monitors
- Portable GPS PERS
- Glucose Monitors
- Personal Plus Oximeters
- Connected Health Wellness Devices
- Digital Pedometers
- Body Analyzers
- GPS Sports Watches
- Heart Rate Monitors
By End Use [Value ($ Million) from 2012 to 2023]:
- Home Monitoring
By Region [Value ($ Million) from 2012 to 2023]:
- North America
- United Kingdom
- Asia Pacific (APAC)
- The Rest of the World (ROW)
Inquiry report @ www.lucintel.com/pq/connected-heal…-market-2018.aspx
This 208 page research report will enable you to make confident business decisions in this globally competitive marketplace.
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