Connected Healthcare refers to the use of technology to connect healthcare providers and patients in order to improve the quality and efficiency of healthcare. Connected Healthcare can take many forms, such as the use of electronic health records, telemedicine, and mobile health applications.
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Key Trends
There are several key trends in Connected Healthcare technology. One is the trend toward patient-centered care. This means that healthcare providers are increasingly focused on providing care that is tailored to the needs of individual patients.
Another key trend is the move toward value-based care. This means that healthcare providers are increasingly focused on providing care that is cost-effective and that leads to positive outcomes for patients. This trend is driven by the growing popularity of accountable care organizations and other payment models that reward providers for delivering quality care.
Finally, there is a trend toward interoperability. This means that different healthcare providers are increasingly able to share information with each other. This trend is driven by the adoption of standards for electronic health information exchange, the increasing use of health information technology, and the increasing availability of broadband connectivity.
Key Drivers
There are several key drivers of the Connected Healthcare market. One of the most important drivers is the increasing demand for remote patient monitoring. With the advent of new technologies, patients are increasingly able to monitor their own health at home using devices such as wearable fitness trackers and smartphone apps.
Another key driver of the Connected Healthcare market is the growing need for cost-effective care. With the rising cost of healthcare, payers and providers are increasingly looking for ways to cut costs without compromising quality of care.
Finally, the Connected Healthcare market is being driven by the increasing prevalence of chronic diseases. Chronic diseases such as diabetes, heart disease, and respiratory disease are becoming more common, and patients with these conditions often require ongoing treatment and monitoring.
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Market Segments
The Connected Healthcare Market is segmented by type, function, application, and region. By type, the market is divided into e-prescription, and m-Health services. Based on function, it is bifurcated into assisted living, clinical monitoring, home monitoring, and others. On the basis of application, it is classified into diagnosis and treatment, monitoring application, education and awareness, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Connected Healthcare Market includes players such as IBM Corporation, GE Healthcare (General Electric), Boston Scientific Corporation, Airstrip Technology, Medtronic, Microsoft Corporation, Oracle Corporation, SAP SE, Koninklijke Philips N.V, and Accenture Plc.
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