According to FutureWise analysis the market for connected health and wellness solutions in 2023 is US$ 48.98 billion, and is expected to reach US$ 215.15 billion by 2031 at a CAGR of 20.30%.
As the number of individuals with chronic illnesses increases, there is a need for disease management and continuous patient monitoring tools, thus increasing the demand for connected health devices. During the course of treatment, these devices are connected to the patient's electronic health record and provide access to the necessary health information. Technology is reducing healthcare costs and increasing accessibility. Rapid growth of the market is also attributed to high-speed internet and favorable government initiatives. Customized healthcare can help solve chronic health problems.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Connected Health And Wellness Solutions Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Connected Health And Wellness Solutions Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.