Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 51.49 Billion | USD 296.55 Billion | 27.9% | 2021 |
FrequentlyAsked Questions
As technology continues to revolutionize patient care and patients' willingness to track their health grows, the use of smartphones and wearable devices is increasing, bringing a new set of benefits to the market. Trackers, blood pressure monitors, and glucose meters are examples of wearable devices that may be used to measure activities such as distance traveled, heart rate, and calories burned. Since patients may assess self-medical indicators with these gadgets, the expenditures for frequent checks are significantly lowered. Additionally, numerous organizations are also developing mHealth services throughout the world. All such factors coupled with rising digitization and growing inclination toward a healthy lifestyle are fostering the market growth.
According to the Zion Market Research report, the global connected healthcare market size was worth about 51.49 (USD billion) in 2021 and is predicted to grow to around 296.55 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 27.9 percent.
North America is likely to play a leading role and retain the highest market share during the projection period owing to the rapid adoption of advanced technology and strong network connectivity. Furthermore, the regional market benefits from remote patient monitoring, connected healthcare devices, and the growing use of smartphones.
Fitbit LLC, Drägerwerk AG & Co. KGaA, GE Healthcare, Koninklijke Philips N.V., Omron Healthcare, Inc., Apple, Inc., Garmin International, Inc., Boston Scientific Corp., Abbott, and Medtronic are some of the prominent key players that are operating in the global connected healthcare market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed