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 Business Research Company’s connected health and wellness solutions market report forecasts the connected health and wellness solutions market size to grow to $119.98 Billion by 2027, with a CAGR (compound annual growth rate) of more than/nearly/about/almost 21%.

Learn More On The Connected Health and Wellness Solutions Market Report 2023 – https://www.thebusinessresearchcompany.com/report/connected-health-and-wellness-solutions-global-market-report

Connected Health and Wellness Solutions Market Size Forecast
The global connected health and wellness solutions market is expected to grow from $46.53 billion in 2022 to $56.15 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The connected health and wellness solutions market size is expected to grow to $119.98 billion in 2027 at a CAGR of 20.9%.

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

Key Connected Health and Wellness Solutions Market Driver ­– Increase In The Adoption Of Mhealth Devices
According to Gartner, a US-based consulting firm that research on technology, in 2021, Global spending on wearable devices raised to $81.5 billion from $69 billion in 2020, or an 18.1% increase, and in 2022, estimated to grow to $93.85 billion. Therefore, the increase in spending on wearable devices will boost the demand for mhealth devices and this, in turn, drives the connected health and wellness solutions market.

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Key Connected Health and Wellness Solutions Market Trend – Adopting Digital Health Technologies
The increasing adoption of digital health technologies is a key trend gaining popularity in the connected health and wellness solutions market. Digital health technologies use software, computing platforms, sensors, and more, to give accurate health to patients. The demand for digital health technologies has increased in the past few years. According to a survey conducted by Kareo involving 600 healthcare providers, in 2020, 41% of the respondent said that they were using telemedicine or digital health technology increase from 22% reported in the 2018 survey, and 34% of the respondents said that they were in the process of deploying virtual care services.

Connected Health and Wellness Solutions Market Segment
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

Connected Health and Wellness Solutions Market Major Players and Strategies
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.

In 2021, Philips, a Netherlands-based multinational conglomerate, acquired BioTelemetry for $2.8 billion. With this acquisition, Philips’ strategy for transforming care along the healthcare continuum with a heart care portfolio and integrated solutions. The combination of Philips’ in-hospital patient care management portfolio and BioTelemetry’s out-of-hospital cardiac diagnosis and monitoring portfolio enables in-hospital and home-based patient care management solutions for the patients. BioTelemetry is a US-based provider of cardiac monitoring and medical imaging services, as well as wearable heart monitors and artificial intelligence (AI)-based data analytics within its portfolio.

The Connected Health and Wellness Solutions Global Market Report 2023 covers regional data on connected health and wellness solutions market size, connected health and wellness solutions market trends and drivers, opportunities, strategies, and connected health and wellness solutions market competitor 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.

Connected health and wellness solutions focus on maximizing healthcare resources by using technology and devices that give accurate health information. These connected health and wellness solutions include BP monitors, glucose monitors, body analyzers, heart rate monitors, and fitness devices.

View More Reports Related To The Connected Health and Wellness Solutions Market –
Connected Healthcare Global Market Report 2023
Healthcare Interoprability Solutions Global Market Report 2023
Patient Monitoring Devices Global Market Report 2023

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