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(Medical-NewsWire.com, June 12, 2018 ) The connected health and wellness market is estimated to represent a global market of USD 137.3 billion by 2017 with growth rate of 20.2%. Currently, the global medical device system market is plagued by systemic inefficiency, which as per an estimates, wastes more than USD 2 trillion yearly. Inability to collect, use and share the data from different sources to support diagnosis and treatment is considered to be the major reason for inefficiency. Connected health and wellness devices are designed that enable to facilitate communication between caregivers, providers and patients.
Connected health and wellness devices are also known as technology-enabled solutions it includes convergence through digital media, health technology and mHealth. Connected care is defined as the real time electronic communication between a physician and patients. Targeted consumers for connected health and wellness devices are either chronically ill or fitness focused population. These devices offers benefits such as continuous health monitoring, health record tracking, improved healthcare outcomes and enhance the patient experience and patient engagement solution.
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Increasing healthcare spending, quality and safety concerns will create a favorable environment for the uptake of connected health and wellness devices. Additionally, rising incidence of chronic disease conditions will boost the uptake of connected health and wellness devices, leading to drive the market growth. The Center for Diseases Control and Prevention stated that rising prevalence of chronic diseases is considered to be the major cause of deaths worldwide and affects near about half of the U.S. population. As of 2013, around 133 billion people had chronic health condition and cancer & heart diseases accounted for 48% of all death. It is stated that around 86% of overall healthcare spending in 2016 was on chronic disease conditions.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
Healthcare IT
Healthcare Information Exchange
Healthcare Analytics
MARKET, BY PRODUCTS
Personal Devices
Insulin Pump
Blood Pressure Monitors
Glucose Monitors
Pulse Oximeter
Others
Wellness Products
Pedometer
Heart Rate Monitor
Sleep Apnea Monitor
Others
Software & Services
Fitness and Wellness Apps
Online Subscriptions
Coaching Services
MARKET, BY END USE
Hospitals
Ambulatory Care Center
Clinical Research Laboratories
MARKET, BY REGION
North America
Europe
Asia Pacific
Rest of the World
MARKET, BY COUNTRY
Further Breakdown of The North America Market
U.S.
Canada
Further Breakdown of The Europe Market
Germany
France
Rest of Europe
Further Breakdown of The APAC Market
India
China
Rest of APAC
Further Breakdown of The Rest of the World Market
Middle East and Africa
Latin America
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Competitive Landscape:
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AgaMatrix, Inc.
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Rajat Sahni
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Source: EmailWire.Com 
Source: EmailWire.com
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