The connected healthcare market is experiencing significant growth, with projections indicating a compound annual growth rate (CAGR) of 27.3% from 2023 to 2024.
The surge in the connected healthcare market is driven by several factors:
The COVID-19 pandemic has further accelerated the demand for remote patient monitoring solutions, highlighting the need for efficient healthcare delivery systems outside traditional settings.
The market is expected to reach $424.8 billion by 2028, driven by a CAGR of 28.0%.
Key drivers of this growth include:
There is also a growing emphasis on mental health and well-being, healthcare access and equity, and the integration of cybersecurity measures and data protection protocols.
Major players in the market include:
These companies are developing innovative solutions to enhance patient engagement and streamline healthcare delivery.
Newer entrants like DarioHealth Corp. and NeuroFlow Inc. are leveraging artificial intelligence and machine learning to address specific healthcare challenges.
The integration of information technology in healthcare is driving growth in the connected healthcare market, allowing for more efficient and effective patient care.
The deployment of automation technologies within hospitals is increasing, highlighting the importance of IT integration.
Innovations such as IoT devices, sensors, and artificial intelligence are transforming healthcare delivery by enabling real-time data collection and analysis.
The future of connected healthcare relies on technological advancements and product innovations.