Global Connected Healthcare Market Outlook 2024, Global Opportunity And Demand Analysis, Market Fort

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2016-2024

Global Connected Healthcare Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024

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Executive Summary Global Connected Healthcare Market Size USD (Billion). 2016-2024

Sample Request Global Connected Healthcare Market Share(%), By Region-2016-2024

XX%

CAGR: (2016-2024)

2015e

2016f

2017f

12.0 24.0 0% 25.0 2016 0% 4.00 0% % 35.0 0% 2018f

2019f

2020f

2021f

2022f

2023f

Source: Goldstein Research

In 2016,

Asia-Pacific

North America

Europe

Latin America

Source: Goldstein Research

M Health Services accounted for the highest market share XX% in Connected Healthcare Market

Global Connected Healthcare Market Share(%),

By Target Audience-2016

10.00 10.00 % 32.00 % % 15.00 % 7.00% 26.00 %

Middle East & Africa

13.00 27.00 % % 25.00 2024 % 5.00% 30.00 %

Medical device manufacturers Medical device supplier Government Research Laboratory Research and Development (R&D) Companies Marketing Research and Consulting Service Provider Medical Research Laboratories

With

XX% share in 2016, North America region dominated the collective Global Connected Healthcare market

Global Connected Healthcare Market Share(%), By Application-2016

3.00% 8.00% 35.00 22.00 % % 12.00 20.00 % %

Global Healthcare Market Share(%), By Function2016

Monitoring Application Diagnosis & Treatment Education and Awareness Healthcare Management Wellness and Prevention Others

Hom e Mon ito ring

Cli nical Mo nitoring

Assisted L iv ing

Tel em ed ic ine

Source: Goldstein Research

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Key Findings

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 In 2016, m health services dominated the market; m health devices segment accounted for nearly XX% of the total connected healthcare market and remaining XX% went for e-prescription. The main reason for this despaired share is due to the rising demand for connected healthcare trend owing to the ease of data management and patient monitoring.  However, as the medical device technology is on rise (especially in developing countries), the Europe connected healthcare market is projected to reach USD XXXX million in 2024 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, North America connected healthcare market touched USD XXXX million in 2016 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2024  As a result, if seen from the big market point of view, m health services demand is higher in homecare settings followed by other healthcare facilities. Moreover, the rising healthcare expenditure in Africa on the back of new healthcare reforms and rising investment in healthcare sector is expected to bolster the growth of connected healthcare in Africa region

Growing IT Healthcare

Rising inpatients

 With USD XXXX million in 2016, monitoring application has the highest demand followed by diagnosis and treatment, healthcare management, education and awareness and prevention. The advancement in healthcare devices are encouraging the hospitals and diagnostic laboratories to adopt the advanced devices to obtain accurate diagnosis data. The precise data would further help the physicians to provide better treatment to the patients  Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa connected healthcare market  The advancement in connectivity technology along with the introduction of IT healthcare is also awakens the opportunity for connected healthcare devices.

Global Connected Healthcare Devices Shipments (Million Units) Asia-Pacific

Copyright

North America

2016

XX Million Units

XX Million Units

2024

XX Million Units

XX Million Units

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Rising Diagnostic Laboratories

Rise in home healthcare settings

Advancement in medical devices

Major Players Presence-Regional Analysis

Major Players/ Industries

North America

APAC

Europe

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Latin America

Middle East & Africa

Abbot Medtronic Siemens Roche IBM Philips GE Healthcare Microsof

High Penetration

Medium Penetration

Low Penetration

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ROW

Global Connected Healthcare Market Size (USD Billion) & Growth Analysis Global Connected Healthcare Market Size (USD Billion)-2016-2024 XX

XX

XX% XX%

XX

XX

XX%

XX

XX

e l p

XX%

XX

XX%

XX

XX

XX%

XX

XX%

XX XX

XX

XX

XX XX

Global Connected Healthcare Market Y-O-Y Growth (%) Analysis-2016-2024

XX

XX

XX%

m a S

XX% XX%

XX% XX% XX% XX% XX%

XX% XX%

XX%

XX

XX% XX%

XX

XX%

2015

XX

2015

2016

2017

Source: Goldstein Research

2018

2019

2020

2021

2022

2023

2024

2016

2017

2018

2019

2020

2021

2022

2023

Source: Goldstein Research

 Europe connected healthcare industry size is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, connected healthcare devices sales increased from XXXX units in 2015 to XXXX units in 2016  The medical devices market growth rate declined in 2010 by 5.0%, due to the absence of virus testing in 2009, while H1N1 pandemic and H1N1 influenza testing have led to a significant growth (XX% growth) in the medical devices market  It is sensitive to the economic cycle, as sales in most connected healthcare device markets declined due to the 2009 global economic downturn. However, rising healthcare expenditure in major countries in Asia-Pacific such as China, Japan, Australia and others are expected to trigger the demand for connected healthcare devices and services market

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2024

Market Dynamics

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Growth Drivers

Result Result Confidentiality Confidentiality

Growth Barriers

m a S Instant Therapy

e l p Lack of Laboratories with proper accreditation

Faulty regulations leading to disorientation of POCT.

General Trend

Highly Complex

Moderately Complex

Waived

Tests Copyright

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Global Connected Healthcare Market Share(%) - By Type,2016-2024 Key Findings

Global Connected Healthcare Market Share, By Type, 2016-2024

20.00 % 30.00 %

27.00%

M Health Services

2016

50.00 %

Asia-Pacific m-health services market is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024.

Modernization of lifestyle and penetration of internet among the population in India, China, Japan and other major economies along with the rising awareness towards healthcare facilities are propelling the demand for connected healthcare 2024

M Health Devices

30.00% E Prescription

m a S

Source: Goldstein Research

43.00%

e l p

E prescription tends to dominate the market by XX% of market share owing to the awareness and availability of the resources with the patients and hospital management

Global Global Connected Connected Healthcare Healthcare Market Market Y-O-Y Y-O-Y Growth, Growth, By

By Type, Type, 2016-2024 2016-2024

Global Global Connected Connected Healthcare Healthcare Market Market Size Size (USD (USD Billion), Billion), By

By Type-2016-2024 Type-2016-2024 XX

XX

XX

XX

 Advancement in medical devices by implementing internet of things and artificial intelligence technologies tends to enhance the design and test functionality of devices. Enhancement in design and portability of connected medical devices are driving the growth of connected healthcare

XX

XX

2016 M-Health Services

M-Health Devices

Source: Goldstein Research

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2024 E-Prescription

2015

2016e

2017f

2018f

2019f Y-o-Y

Source: Goldstein Research

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2020f

2021f

2022f

2023f

Global Connected Devices Market Share (%), 2016 & Market Size (USD Billion), By Region,2015 & 2016 Global Global Connected Connected Healthcare Healthcare Market Market Size Size (USD (USD Billion) Billion) -- By

By Region, Region, 201520152016 2016 XX

Global Global Connected Connected Healthcare Healthcare Market Market Share Share (%) (%) -- By

By Region, Region, 2016 2016 XX

XX%

XX% XX%XX%

XX XX XX XX

XX%

m a S XX

XX%

XX XX

North America

Latin America

ROW Source: Goldstein Research

Europe

Asia-Pacific

Middle East & Africa

XX

e l p XX

XX

XX

APAC

North America

XX

2015

2016

XX

Europe

XX

XX

XX

Latin America Middle East & Africa

Source: Goldstein Research

 Asia-Pacific is expected to dominate the connected healthcare market with a market share of XX% by the end of the forecast period i.e. 2024 owing to the Presence of emerging and developed economies such as India, China, Japan, Australia and others  North-America connected healthcare market is anticipated to expand at a CAGR of XX% during the forecast period i.e.

2016-2024. The revolution of healthcare connectivity with promising next generation solutions is the major driver to led the North America in connected healthcare market. Further, U.S. is expected to dominate the overall North-America market with a market share of XX% by 2024 on the back of spiked adoption of connectivity devices Copyright

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XX

Porter’s Five Force Model

Customer can easily switch to substitute products. So substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.

Barriers to Entry HIGH Technology Constrains, Quality Assurance, Revenue Assurance, IP

Supplier Power: HIGH

Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There are number of small or equal competitors and less when there’s a clear market leader.

•Customers have low switching costs •Industry is growing •Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright

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The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit.

e l p

Threat of new entrants

m a S Bargaining power of suppliers

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Industry Competitors: HIGH Abbot, Siemens, Roche, Philips, Sysmex, etc

Bargaining Power of buyers

Buyer Power: HIGH

Threat of substitute products or services

Substitutes: HIGH

The power of Buyers is significantly high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is also high as there are multiple supplier for a particular test and these causes, for companies to compete on price when they do not have any point of differentiation.

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