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India News Releases
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(India.CityRegions.Com, June 30, 2018 ) The connected health and wellness market is estimated to represent a global market of USD 137.3 billion by 2017 with growth rate of 20.2%. Currently, the global medical device system market is plagued by systemic inefficiency, which as per an estimates, wastes more than USD 2 trillion yearly. Inability to collect, use and share the data from different sources to support diagnosis and treatment is considered to be the major reason for inefficiency. Connected health and wellness devices are designed that enable to facilitate communication between caregivers, providers and patients.
Connected health and wellness devices are also known as technology-enabled solutions it includes convergence through digital media, health technology and mHealth. Connected care is defined as the real time electronic communication between a physician and patients. Targeted consumers for connected health and wellness devices are either chronically ill or fitness focused population. These devices offers benefits such as continuous health monitoring, health record tracking, improved healthcare outcomes and enhance the patient experience and patient engagement solution.
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Increasing healthcare spending, quality and safety concerns will create a favorable environment for the uptake of connected health and wellness devices. Additionally, rising incidence of chronic disease conditions will boost the uptake of connected health and wellness devices, leading to drive the market growth. The Center for Diseases Control and Prevention stated that rising prevalence of chronic diseases is considered to be the major cause of deaths worldwide and affects near about half of the U.S. population. As of 2013, around 133 billion people had chronic health condition and cancer & heart diseases accounted for 48% of all death. It is stated that around 86% of overall healthcare spending in 2016 was on chronic disease conditions.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES Healthcare IT Healthcare Information Exchange Healthcare Analytics
MARKET, BY PRODUCTS Personal Devices Insulin Pump Blood Pressure Monitors Glucose Monitors Pulse Oximeter Others Wellness Products Pedometer Heart Rate Monitor Sleep Apnea Monitor Others Software & Services Fitness and Wellness Apps Online Subscriptions Coaching Services
MARKET, BY END USE Hospitals Ambulatory Care Center Clinical Research Laboratories
MARKET, BY REGION North America Europe Asia Pacific Rest of the World
MARKET, BY COUNTRY Further Breakdown of The North America Market U.S. Canada Further Breakdown of The Europe Market Germany France Rest of Europe Further Breakdown of The APAC Market India China Rest of APAC Further Breakdown of The Rest of the World Market Middle East and Africa Latin America
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Competitive Landscape:
hillips Healthcare Company Overview SWOT Analysis Key Developments Omron Healthcare Company Overview SWOT Analysis Key Developments Medtronic plc Company Overview SWOT Analysis Key Developments Boston Scientific Corporation Company Overview SWOT Analysis Key Developments AgaMatrix, Inc. Company Overview SWOT Analysis Key Developments
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Rajat Sahni
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sales@reportsweb.com
Source: EmailWire.Com
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