The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The worldwide connected health and wellness solutions market is projected to increase from $46.53 billion in 2022 to $56.15 billion in 2023, with a 20.7% CAGR. By 2027, it’s anticipated to reach $119.98 billion, growing at a 20.9% CAGR.

North America held the largest connected health and wellness solutions market share, and Asia-Pacific was the fastest-growing region in 2022.

Connected Health And Wellness Solutions Market Driver
The connected health and wellness solutions market thrives on mhealth device adoption. Applications like telemedicine and mobile monitoring on devices like fitness trackers, smartphones, and smartwatches track health records and aid healthcare practitioners. Gartner reports global wearable device spending at $81.5 billion in 2021, up 18.1% from $69 billion in 2020, and estimated at $93.85 billion in 2022. Rising wearable spending fuels mhealth device demand, driving the connected health and wellness solutions market.

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Prominent Connected Health And Wellness Solutions Market Trend
Rising digital health tech adoption is a prominent trend in the connected health and wellness solutions market. These technologies utilize software, sensors, and computing platforms to offer precise patient health data. Demand for them has surged recently. A Kareo survey of 600 healthcare providers revealed a significant increase, with 41% using telemedicine or digital health tech in 2020, up from 22% in 2018, and 34% were in the process of implementing virtual care services.

Connected Health And Wellness Solutions Market Prominent Players
Major players in the connected health and wellness solutions market are Omron Healthcare Inc., Koninklijke Philips N.V., GE Healthcare, Drägerwerk AG & Co. KGaA, Fitbit LLC, Medtronic, Abbott, Boston Scientific Corp., Garmin International Inc., Apple Inc., Masimo Corp., ResMed, and NXGN Management LLC.

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Key Connected Health And Wellness Solutions Market Segments
The global connected health and wellness solutions market is segmented –
1) By Product: Personal Medical Devices, Wellness Products, Software & Services
2) By Function: Clinical Monitoring, Telehealth
3) By Application: Diagnosis & Treatment, Wellness and prevention, Monitoring, Other Applications

The Connected Health And Wellness Solutions Global Market Report 2023  provides a comprehensive overview on the connected health and wellness solutions market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the connected health and wellness solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Connected Healthcare Global Market Report 2023
Wellness Supplement Global Market Report 2023
Health And Wellness Global Market Report 2023

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