Product Code: 978-1-68038-998-2
Connected Health And Wellness Solutions Market Growth & Trends:
The global connected health and wellness solutions market size is expected to reach USD 187.10 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.6% from 2022 to 2030. The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle thus driving the market growth. In addition, the increasing incidences of lifestyle-associated diseases requiring continuous health monitoring are expected to lead to an upsurge in the demand for connected health devices over the forecast period.
Moreover, the advantages associated with its usage and the availability of advanced products, such as remote sensors, adapters, and connected mobile communication devices are the factors further augmenting the market growth. The implementation of connected health technology is growing at an astonishing rate, propelled in part by consumer demand, innovations in wearables and medical devices, and the current healthcare climate in the post-COVID-19 era. In August 2020, Validic, a provider of health data platforms and solutions for scaling remote patient monitoring, released the main update to 'Validic impact', its remote patient monitoring solution. This innovative standalone form of Validic Impact needs no EHR integration and can be used as an entirely standalone solution.
In addition, the corporation introduced a COVID-19 rapid response solution that allowed clinicians and HR administrators to register thousands of individuals using self-reported data and alerts to monitor COVID-19 symptoms. Consequently, the COVID-19 has given a push for businesses to quicken the adoption of these services. Moreover, the rising demand for greater access to patient health information is the key factor contributing to the market growth. Furthermore, the increased awareness levels as a result of the supportive initiatives undertaken by government and non-profit organizations, such as the Healthcare Information and Management Systems Society (HIMSS), are anticipated to serve this industry with future growth opportunities.
The rising emphasis on the development of advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the R&D investments in the connected health & wellness devices market. For instance, the government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to further fuel the industry growth in this region.
Connected Health And Wellness Solutions Market Report Highlights:
- The software & services dominated the market in 2021 owing to associated benefits, such as rising online subscriptions and downloading of health information because of the increased health consciousness
- The wellness products segment is expected to grow at the fastest CAGR from 2022 to 2030 due to technological advancement in products, various awareness campaigns regarding physical wellbeing, and increased awareness about the benefits of following a healthy lifestyle
- Telehealth dominated the function segment in 2021 owing to its growing usage and adoption. In addition, the COVID-19 pandemic allowed the adoption of this technology at a larger scale among providers
- Hospitals & clinics dominated the end-user segment in 2021 owing to the increased implementation of digital health technologies by these settings. Moreover, hospitals & clinics are investing in remote patient monitoring technologies as part of a value-based care model, which further boosts segment growth
- Asia Pacific is anticipated to register the fastest CAGR over the forecast years owing to the government assistance coupled with increasing patient awareness levels and improving healthcare infrastructure
- Key players operating in this market are focusing on the development of cost-efficient & technologically advanced devices, which offer comfort to the users. New product development and strategic alliances including partnership agreements, promotional activities, and acquisitions are instrumental in keeping market rivalry high
- For instance, in April 2021, Medtronic proclaimed the inauguration of its state-of-the-art Medtronic Engineering and Innovation Center in India. This is going to be the largest R&D center outside the U.S.
Table of Contents
Chapter 1 Research Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Segment Scope
- 1.1.2 Regional Scope
- 1.1.3 Estimates & Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database:
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.7 List of Secondary Sources
- 1.8 List of Primary Sources
- 1.9 Abbreviations
- 1.10 Objectives
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.1.1 Market Summary, 2021
Chapter 3 Connected Health and Wellness Solutions Market Variables Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.1.2 Ancillary Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Regulatory Framework
- 3.4 Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.5.2 Market Restraints Analysis
- 3.5.3 Industry Challenges
- 3.5 Industry Analysis
- 3.5.1 Porter's
- 3.5.2 Pestle
Chapter 4 Connected Health and Wellness Solutions Market: Competitive Analysis
- 4.1 Market Participation Categorization
- 4.2 Public Companies
- 4.3 Company Market Share Analysis
- 4.4 Private Companies
- 4.4.1 List of Private Companies
Chapter 5 Connected Health and Wellness Solutions: Covid-19 Impact
- 5.1 Covid-19 Impact Analysis
- 5.2 Current & Future Impact Analysis
- 5.3 Impact on market players
Chapter 6 Connected Health and Wellness Solutions Market: Product Analysis
- 6.1 Product Business Analysis
- 6.2 Personal medical device
- 6.2.1 Personal medical devices market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.2 Insulin pump
- 6.2.2.1 Insulin pump market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.3 BP monitor
- 6.2.3.1 BP monitor market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.4 Glucose monitor
- 6.2.4.1 Glucose monitor market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.5 Personal pulse oximeter
- 6.2.5.1 Personal pulse oximeter market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.6 Others
- 6.2.6.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3 Wellness Products
- 6.3.1 Wellness Products market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.2 Digital pedometer
- 6.3.2.1 Digital pedometer market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.3 Body analyzer
- 6.3.3.1 Body analyzer market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.4 Heart rate monitor
- 6.3.4.1 Heart rate monitor market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.5 Sleep quality monitor
- 6.3.5.1 Sleep quality monitor market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.5 Others
- 6.3.5.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4 Software & Services
- 6.4.1 Software & Services market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4.2 Online subscription
- 6.4.2.1 Online subscription market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4.3 Fitness & wellness app
- 6.4.3.1 Fitness & wellness app market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4.4 Others
- 6.4.4.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Connected Health and Wellness Solutions Market: Function Analysis
- 7.1 Function Business Analysis
- 7.2 Clinical Monitoring
- 7.2.1 Clinical Monitoring market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.3 Telehealth
- 7.3. 1 Telehealth market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8 Connected Health and Wellness Solutions Market: Application Analysis
- 8.1 Application Business Analysis
- 8.2 Diagnosis & Treatment
- 8.2.1 Diagnosis & Treatment market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3 Wellness and prevention
- 8.3.1 Wellness and prevention market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4 Monitoring
- 8.4.1 Monitoring market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5 Others
- 8.5.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 9 Connected Health and Wellness Solutions Market: End-user Analysis
- 9.1 End-user Business Analysis
- 9.2 Home Monitoring
- 9.2.1 Home Monitoring market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.3 Hospitals & Clinics
- 9.3.1 Hospitals & Clinics market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 10 Connected Health and Wellness Solutions Market: Regional Market Analysis, By Product, Function, Application, and End-user 2017 - 2030 (USD Million)
- 10.1 Definition & Scope
- 10.2 Regional Market Share Analysis, 2021 & 2030
- 10.3 Regional Market Dashboard
- 10.4 Regional Market Snapshot
- 10.5 Market Size, & Forecasts, Volume and Trend Analysis, 2017 to 2030
- 10.5.1 NORTH AMERICA
- 10.5.1.1 North America Connected Health and Wellness Solutions market estimates and forecasts by countries, 2017 - 2030 (USD Million)
- 10.5.1.2 U.S.
- 10.5.1.2.1 U.S. Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.1.3 Canada
- 10.5.1.3.1 Canada Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.2 EUROPE
- 10.5.2.1 Europe Connected Health and Wellness Solutions market estimates and forecasts by countries, 2017 - 2030 (USD Million)
- 10.5.2.2 U.K.
- 10.5.2.2.1 U.K. Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.2.3 Germany
- 10.5.2.3.1 Germany Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.2.4 France
- 10.5.2.4.1 France Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.2.5 Italy
- 10.5.2.5.1 Italy Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.2.6 Spain
- 10.5.2.6.1 Spain Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.3 ASIA PACIFIC
- 10.5.3.1 Asia Pacific Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.3.2 Japan
- 10.5.3.2.1 Japan Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.3.3 China
- 10.5.3.3.1 China Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.3.4 India
- 10.5.3.4.1 India Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.3.5 Australia
- 10.5.3.5.1 Australia Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.3.6 South Korea
- 10.5.3.6.1 South Korea Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.4 LATIN AMERICA
- 10.5.4.1 Latin America Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.4.2 Brazil
- 10.5.4.2.1 Brazil Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.4.3 Mexico
- 10.5.4.3.1 Mexico Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.4.4 Argentina
- 10.5.4.4.1 Argentina Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.5 MEA
- 10.5.5.1 MEA Connected Health and Wellness Solutions market estimates and forecasts by countries, 2017 - 2030 (USD Million)
- 10.5.5.2 South Africa
- 10.5.5.2.1 South Africa Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.5.5.3 Saudi Arabia
- 10.5.5.3.1 Saudi Arabia Connected Health and Wellness Solutions market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 11 Company Profiles
- 11.1 OMRON Healthcare, Inc.
- 11.1.1 Company Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Benchmarking
- 11.1.4 Strategic Initiatives
- 11.2 Koninklijke Philips N.V.
- 11.2.1 Company Overview
- 11.2.2 Financial Performance
- 11.2.3 Product Benchmarking
- 11.2.4 Strategic Initiatives
- 11.3 GE Healthcare
- 11.3.1 Company Overview
- 11.3.2 Financial Performance
- 11.3.3 Product Benchmarking
- 11.3.4 Strategic Initiatives
- 11.4 Dragerwerk AG & Co. KGaA
- 11.4.1 Company Overview
- 11.4.2 Financial Performance
- 11.4.3 Product Benchmarking
- 11.4.4 Strategic Initiatives
- 11.5 Fitbit LLC
- 11.5.1 Company Overview
- 11.5.2 Financial Performance
- 11.5.3 Product Benchmarking
- 11.5.4 Strategic Initiatives
- 11.6 Medtronic
- 11.6.1 Company Overview
- 11.6.2 Financial Performance
- 11.6.3 Product Benchmarking
- 11.6.4 Strategic Initiatives
- 11.7 Abbott
- 11.7.1 Company Overview
- 11.7.2 Financial Performance
- 11.7.3 Product Benchmarking
- 11.7.4 Strategic Initiatives
- 11.8 Boston Scientific Corporation
- 11.8.1 Company Overview
- 11.8.2 Financial Performance
- 11.8.3 Product Benchmarking
- 11.8.4 Strategic Initiatives
- 11.9 Garmin International, Inc.
- 11.9.1 Company Overview
- 11.9.2 Financial Performance
- 11.9.3 Product Benchmarking
- 11.9.4 Strategic Initiatives
- 11.10 Apple, Inc.
- 11.10.1 Company Overview
- 11.10.2 Financial Performance
- 11.10.3 Product Benchmarking
- 11.10.4 Strategic Initiatives
- 11.11 Masimo Corporation
- 11.11.1 Company Overview
- 11.11.2 Financial Performance
- 11.11.3 Product Benchmarking
- 11.11.4 Strategic Initiatives
- 11.12 NXGN Management, LLC.
- 11.12.1 Company Overview
- 11.12.2 Financial Performance
- 11.12.3 Product Benchmarking
- 11.12.4 Strategic Initiatives
- 11.13 ResMed
- 11.13.1 Company Overview
- 11.13.2 Financial Performance
- 11.13.3 Product Benchmarking
- 11.13.4 Strategic Initiatives