Connected Care Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

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Data Bridge Market Research analyses that the connected care market which was USD 37,264.73 million in 2021, is expected to reach USD 360481.17 million by 2029, at a CAGR of 32.8% during the forecast period 2022 to 2029

"Connected Care Market Report helps businesses gain vital information about competitors, economic shifts, demographics, market trends, and consumer spending habits. This reliable market report offers real-world research solutions for every industry sector, with meticulous data collection from non-public sources to better equip businesses with essential information. The market survey covers the industry's scope, size, disposition, and growth, including key sensitivities and success factors.

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https://www.databridgemarketresearch.com/reports/global-connected-care-market

**Segments**

- **Component**: The connected care market can be segmented based on components into platforms, services, and devices. Platforms provide a centralized system for managing and analyzing health data, while services offer implementation, maintenance, and support for connected care solutions. Devices represent the hardware used to collect health data, such as wearables, sensors, and monitoring devices.

- **End User**: Another important segment of the connected care market is end user, which includes hospitals and clinics, home care settings, and assisted living facilities. Hospitals and clinics adopt connected care solutions to streamline operations, improve patient outcomes, and reduce costs. Home care settings leverage connected care technologies to monitor patients remotely and provide timely interventions. Assisted living facilities use connected care for real-time health monitoring and personalized care delivery.

- **Deployment**: Deployment is a key segment that categorizes connected care solutions into on-premise and cloud-based deployments. On-premise deployments offer data control and security but require higher upfront investments and maintenance costs. Cloud-based deployments provide scalability, flexibility, and cost-efficiency by shifting infrastructure management to third-party providers.

**Market Players**

- **Philips Healthcare**: As a leading player in the connected care market, Philips Healthcare offers a range of connected care solutions, including telehealth platforms, remote patient monitoring devices, and population health management tools. The company focuses on improving care coordination, patient engagement, and clinical outcomes through connected care technologies.

- **IBM Corporation**: IBM Corporation is another prominent market player that provides connected care solutions based on artificial intelligence, data analytics, and Internet of Things (IoT) technologies. The company's offerings include data integration platforms, predictive analytics tools, and virtual health assistants to support remote patient monitoring and chronic disease management.

- **GE Healthcare**: GE Healthcare is at the forefront of innovation in the connected care market with its portfolio of imaging devices, monitoring systems, and data analytics software. The company's connected care solutions enable healthcare providers to deliver personalized care, optimize resource utilization, and drive operationalPhilips Healthcare, IBM Corporation, and GE Healthcare are key players in the connected care market, each offering a unique set of solutions that cater to the diverse needs of healthcare providers and end-users. Philips Healthcare, with its focus on care coordination and patient engagement, emphasizes the importance of connected care platforms for enhancing clinical outcomes. By providing telehealth platforms, remote patient monitoring devices, and population health management tools, Philips Healthcare aims to revolutionize the way healthcare is delivered by promoting real-time data sharing and analysis.

On the other hand, IBM Corporation leverages advanced technologies such as artificial intelligence, data analytics, and IoT to develop innovative connected care solutions. Through data integration platforms, predictive analytics tools, and virtual health assistants, IBM Corporation enables remote patient monitoring and chronic disease management, ultimately improving patient outcomes and reducing healthcare costs. The company's emphasis on leveraging data and analytics to drive actionable insights sets it apart in the connected care market.

GE Healthcare brings a strong focus on innovation through its portfolio of imaging devices, monitoring systems, and data analytics software. By enabling healthcare providers to deliver personalized care, optimize resource utilization, and drive operational efficiency, GE Healthcare plays a crucial role in advancing connected care solutions. The company's emphasis on providing new perspectives on market trends and pushing the boundaries of technology in healthcare sets it apart as a leading player in the connected care market.

Overall, the market landscape for connected care is characterized by dynamic competition among key players such as Philips Healthcare, IBM Corporation, and GE Healthcare. These companies are driving innovation, collaboration, and technology adoption in the healthcare sector, ultimately transforming the way care is delivered and experienced. As the demand for connected care solutions continues to grow, market players will need to focus on differentiation, scalability, and customization to meet the evolving needs of healthcare providers and end-users.**Global Connected Care Market**

- Type (M-Health Services, M-Health Devices, and E-Prescription)
- Application (Monitoring, Diagnosis, and Treatment, Education and Awareness, Healthcare Management and Wellness, and Prevention)
- Function (Home Monitoring, Clinical Monitoring, Assisted Living, and Telemedicine)
- Target Audience (Medical Device Manufacturers, Medical Device Supplier, Government Research Laboratory, Research and Development (R&D) Companies, Marketing Research and Consulting Service Provider, Medical Research Laboratories)

The global connected care market is witnessing significant growth fueled by the rising adoption of digital health solutions, increasing prevalence of chronic diseases, and the need to improve healthcare access and quality. M-Health services and devices play a crucial role in enabling remote patient monitoring, personalized care delivery, and health data management. E-Prescription solutions are streamline healthcare workflows, enhance medication accuracy, and reduce medication errors. Applications such as monitoring, diagnosis, treatment, education, and healthcare management cater to various healthcare needs, promoting preventive care and wellness initiatives. Functions like home monitoring, clinical monitoring, assisted living, and telemedicine offer diverse approaches to healthcare delivery, ensuring continuous care and timely interventions. The target audience, including medical device manufacturers, suppliers, research labs, and consulting service providers, signifies the interdisciplinary nature of the connected care market, driving innovation and collaboration.

The market trends indicate a shift towards value-based care, personalized medicine, and patient-centric healthcare models, which emphasize preventive care, chronic disease management, and population

 

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Connected Care Market Landscape

Part 04: Global Connected Care Market Sizing

Part 05: Global Connected Care Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Connected Care Key Benefits over Global Competitors:

  • The report provides a qualitative and quantitative analysis of the Connected Care Market trends, forecasts, and market size to determine new opportunities.
  • Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
  • Top impacting factors & major investment pockets are highlighted in the research.
  • The major countries in each region are analyzed and their revenue contribution is mentioned.
  • The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients

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