connected healthcare market poised for rapid growth and innovation through technology

The connected healthcare market is experiencing significant growth, with projections indicating a compound annual growth rate (CAGR) of 27.3% from 2023 to 2024.

Factors Driving Growth

The surge in the connected healthcare market is driven by several factors:

  • An aging population
  • The prevalence of chronic diseases
  • The rapid adoption of digital health technologies

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.

Projected Market Growth

The market is expected to reach $424.8 billion by 2028, driven by a CAGR of 28.0%.

Key Drivers of Growth

Key drivers of this growth include:

  • The increasing adoption of personalized medicine
  • Advancements in health data interoperability
  • A shift towards value-based care models

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

Major players in the market include:

  • Allscripts Healthcare Solutions Inc.
  • Cerner Corporation
  • Koninklijke Philips N.V.

These companies are developing innovative solutions to enhance patient engagement and streamline healthcare delivery.

Newer Entrants

Newer entrants like DarioHealth Corp. and NeuroFlow Inc. are leveraging artificial intelligence and machine learning to address specific healthcare challenges.

Integration of Information Technology

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.

Technological Advancements

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.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings