DUBLIN--(BUSINESS WIRE)--The "Connected Health and Wellness Solutions Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global connected health and wellness solutions market is expected to grow from $37.85 billion in 2021 to $46.30 billion in 2022 at a compound annual growth rate (CAGR) of 22.33%. The connected health and wellness solutions market is expected to grow to $95.90 billion in 2026 at a compound annual growth rate (CAGR) of 19.97%.
North America was the largest region in the connected health and wellness solutions market in 2021. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in connected health and wellness solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in the adoption of mHealth devices is driving the growth of the connected health and wellness solutions market. Applications such as telemedicine applications and mobile monitoring installed on mHealth devices help to track the health record and assist healthcare practitioners to get information. The mHealth devices include fitness trackers, smartphones, smartwatches, and more. 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.
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.
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.
Scope
Markets Covered:
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; Others
Key Topics Covered:
1. Executive Summary
2. Connected Health and Wellness Solutions Market Characteristics
3. Connected Health and Wellness Solutions Market Trends And Strategies
4. Impact Of COVID-19 On Connected Health and Wellness Solutions
5. Connected Health and Wellness Solutions Market Size And Growth
6. Connected Health and Wellness Solutions Market Segmentation
7. Connected Health and Wellness Solutions Market Regional And Country Analysis
8. Asia-Pacific Connected Health and Wellness Solutions Market
9. China Connected Health and Wellness Solutions Market
10. India Connected Health and Wellness Solutions Market
11. Japan Connected Health and Wellness Solutions Market
12. Australia Connected Health and Wellness Solutions Market
13. Indonesia Connected Health and Wellness Solutions Market
14. South Korea Connected Health and Wellness Solutions Market
15. Western Europe Connected Health and Wellness Solutions Market
16. UK Connected Health and Wellness Solutions Market
17. Germany Connected Health and Wellness Solutions Market
18. France Connected Health and Wellness Solutions Market
19. Eastern Europe Connected Health and Wellness Solutions Market
20. Russia Connected Health and Wellness Solutions Market
21. North America Connected Health and Wellness Solutions Market
22. USA Connected Health and Wellness Solutions Market
23. South America Connected Health and Wellness Solutions Market
24. Brazil Connected Health and Wellness Solutions Market
25. Middle East Connected Health and Wellness Solutions Market
26. Africa Connected Health and Wellness Solutions Market
27. Connected Health and Wellness Solutions Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Connected Health and Wellness Solutions Market
29. Connected Health and Wellness Solutions Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Omron Healthcare Inc.
- Koninklijke Philips N.V.
- GE Healthcare
- Dragerwerk AG & Co. KGaA
- Fitbit LLC
For more information about this report visit https://www.researchandmarkets.com/r/v31ldi
