Connected Health M2M Market to Grow Spectacularly by 2029 | Apple, GE Healthcare, Cisco Networks
The global connected health M2M market size is expanding at a robust growth of 29.56%, sizing up market trajectory from USD 21.08 Billion in 2023 to USD 30.26 Billion by 2029.
The connected health M2M market is expected to grow significantly in the coming years due to the increasing adoption of connected devices in the healthcare industry. These devices allow for the collection and transmission of patient data in real time, which can be used to improve patient care and outcomes. Additionally, the growing use of telehealth and remote patient monitoring is also driving the growth of the connected health M2M market.
Some of the key players in the connected health M2M market include Apple Inc., GE Healthcare Ltd., Cisco Networks, Epocrates Inc., IBM Corp., Philips Healthcare, Siemens Healthcare, and Massive Health Inc.
The market is segmented by application into hospitals, individual customers, and others. Hospitals are the largest end-user segment of the connected health M2M market, accounting for a share of over 40% of the total market in 2023. This is due to the increasing adoption of connected devices in hospitals to improve patient care and outcomes.
The market is also segmented by product type into home monitoring, clinical monitoring, clinical trials, telemedicine, assisted living, and clinical remote monitoring. Home monitoring is the largest product type segment of the connected health M2M market, accounting for a share of over 30% of the total market in 2023. This is due to the increasing adoption of home monitoring devices by patients to track their health conditions and manage their medications.
The connected health M2M market is expected to grow significantly in the coming years due to the increasing adoption of connected devices in the healthcare industry. The market is expected to be driven by the growing use of telehealth and remote patient monitoring, as well as the increasing adoption of connected devices in hospitals.
Link to the original story: https://www.openpr.com/news/3309152/connected-health-m2m-market-demonstrates-a-spectacular-growth
About The Author
boB
Well, hey there! The name's boB, and I hail from the humble town of boBsville. I'm a bit of a jack-of-all-trades, you know? I enjoy tinkering around with gadgets, exploring the great outdoors, and meeting new people. If you have any questions or just want to chat, feel free to hit me up!