Home > Healthcare > Healthcare IT > Telehealth > Connected Health and Wellness Solutions Market

Connected Health and Wellness Solutions Market Trends

  • Report ID: GMI11191
  • Published Date: Sep 2024
  • Report Format: PDF

Connected Health and Wellness Solutions Market Trends

The rising demand for remote health monitoring is a significant driver for the market, reflecting a shift towards more personalized and accessible healthcare. As healthcare costs rise and the need for chronic disease management grows, patients and providers increasingly seek solutions that enable real-time health tracking outside traditional clinical settings.
 

  • This trend is fueled by the proliferation of wearable devices, such as smartwatches and fitness trackers, which offer continuous monitoring of vital signs like heart rate, blood pressure, and glucose levels. For instance, detracks like the Apple Watch and Fitbit not only track physical activity but also offer advanced health metrics and alerts for potential issues, prompting early intervention and reducing hospital visits.
     
  • Additionally, remote patient monitoring (RPM) tools are becoming integral to managing chronic conditions such as diabetes and hypertension. Systems like the Medtronic diabetes management platform and Philips’ remote patient monitoring solutions provide continuous data to healthcare providers, enabling timely adjustments to treatment plans and improving patient outcomes.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The connected health and wellness solutions industry size was valued at USD 54.1 billion in 2023 and is anticipated to witness a 20.9% CAGR between 2024 and 2032 driven by technological advancements and increasing consumer demand for personalized accessible healthcare.

The software & services segment in the connected health and wellness solutions industry reached USD 26.6 billion in 2023, driven by the growing demand for value-based healthcare systems and the increasing popularity of online health subscriptions.

North America connected health and wellness solutions market accounted for USD 20 billion in 2023 and will show a 19.8% CAGR between 2024 to 2032 period, thrusted by the increasing adoption of digital health technologies.

Abbott, AliveCor, Inc., Apple, Babylon Healthcare Services Ltd, DexCom, Inc., and Doctor on Demand, among others.

Connected Health and Wellness Solutions Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 239
  • Countries covered: 23
  • Pages: 110
 Download Free Sample