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 healthcare market report forecasts the connected healthcare market size to grow to $345.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 28%.

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Connected Healthcare Market Size Forecast
The global connected healthcare market is expected to grow from $100.03 billion in 2022 to $127.53 billion in 2023 at a compound annual growth rate (CAGR) of 27.5%. 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 healthcare market size is expected to grow to $345.49 billion in 2027 at a CAGR of 28.3%.

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

Key Connected Healthcare Market Driver ­– Growth In Integration Of IT In Healthcare
For instance, in 2021, according to a report by US based medical workflow company, Mobius MD, in the United States, approximately 3.87 million people used health or fitness apps in 2020. According to US based customer engagement platform, MoEngage, the downloads of health and fitness apps in Q1 and Q2 2020, grew by 46% worldwide, with India seeing the highest increase in downloads, rising by 156%. Therefore, the growing integration of IT in healthcare is expected to propel the growth of the connected healthcare market over the forecast period.

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Key Connected Healthcare Market Trend – Providing Healthcare Products And Services
The connected healthcare market includes revenues earned by entities by providing healthcare products and services that combine health, technology, and mobile telecommunications. Connected healthcare enables hospitals, clinics, and other healthcare service providers to provide care remotely. It also ensures that doctors, patients, and family members access critical health information. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Connected Healthcare Market Segment
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

Connected Healthcare Market Major Players and Strategies
Major players in the connected healthcare market are Allscripts Healthcare, LLC, Cerner Corporation, Koninklijke Philips N.V., IBM Corporation, AirStrip, AgaMatrix, AliveCor, Inc., Apple Inc., Athenahealth Inc., Boston Scientific Corporation, GE Healthcare, Medtronic, Microsoft Corporation, Qualcomm, SAP, Oracle, Accenture, Honeywell Life Care Solutions, Persistent Systems, Sanofi and Vivify Health, Inc.

The Connected Healthcare Global Market Report 2023 covers regional data on connected healthcare market size, connected healthcare market trends and drivers, opportunities, strategies, and connected healthcare market competitor analysis. The countries covered in the connected healthcare 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 healthcare system is a healthcare management system that uses technology to deliver treatment remotely.

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