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What is the Expected Growth Rate of the Connected Healthcare Market from 2024 to 2033?

The connected healthcare market has surged in recent years. It is expected to rise from $124.39 billion in 2023 to $158.37 billion in 2024, at a CAGR of 27.3%. Factors driving growth include the aging population, chronic disease prevalence, digital health adoption, cost-efficiency in healthcare, and increased demand for remote monitoring during the pandemic.

The connected healthcare market is forecasted to grow significantly, reaching $424.8 billion by 2028, at a CAGR of 28.0%. Growth is fueled by personalized medicine adoption, health data interoperability, value-based care, mental health initiatives, healthcare access, and cybersecurity. Trends include the expansion of IoT, AI integration, wearable health tech, and ongoing product innovation.

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What Key Factors Are Fueling the Growth of the Connected Healthcare Market?

The integration of IT into healthcare is propelling the connected healthcare market. Connected healthcare systems use wireless technologies to gather patient data, facilitating remote monitoring and efficient healthcare management through automation. A 2021 survey by The Healthcare Financial Management Association revealed a threefold increase in automation deployment in hospitals, with 50% using automation technologies in 2021, compared to 15% in 2020. This trend drives the connected healthcare market.

What Are the Major Segments of the Connected Healthcare Market?

1) By Type: e-Prescription, mHealth Services, mHealth Devices

2) By Function: Remote Patient Monitoring, Clinical Monitoring, Telemedicine, Other Functions

3) By Application: Monitoring Applications, Diagnosis And Treatment, Education And Awareness, Healthcare Management, Wellness And Prevention

4) By End Users: Hospitals And Clinics, Home Monitoring

What New Trends Are Transforming the Connected Healthcare Market?

Major companies operating in the connected healthcare market are focusing on the development of technologically advanced products such as ZAIDYN Connected Health solution to enhance remote patient monitoring and improve healthcare outcomes. ZAIDYN Connected Health assists pharmaceutical firms, healthcare providers, and payers in innovating in order to better recognize unmet needs, engage patients, and enhance health outcomes. For instance, in October 2023, ZS Associates Group, Inc., a US-based management consulting and technology firm, launched the AI-powered ZAIDYN Connected Health solution as part of the ZAIDYN by ZS platform. It provides three product suites that help bridge gaps in healthcare and build a patient-centric future: health insights, patient engagement, and connected research.

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Which Regions Are Driving Growth in the Connected Healthcare Market?

North America was the largest region in the connected healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected healthcare market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Connected Healthcare Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the connected healthcare market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Connected Healthcare Market Include

1. Connected Healthcare Market Executive Summary

2. Connected Healthcare Market Segments

3. Connected Healthcare Market Size And Template Market Growth Rate

4. Key Connected Healthcare Market Trends

5. Major Connected Healthcare Market Drivers

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25. Key Mergers And Acquisitions In The Connected Healthcare Market

26. Top Connected Healthcare Companies

27. Connected Healthcare Market Opportunities And Strategies

28. Connected Healthcare Market, Conclusions And Recommendations

29. Appendix

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The Business Research Company offers the connected healthcare market research report 2024 with industry size, share, segments and market growth

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