Connected Health And Wellness Devices Market Is Anticipated To Grow Lucratively At A CAGR Of 23.8% Due To The Availability Of Advanced Products For Wellness Product Segment Till 2024

The global connected health and wellness devices market is expected to reach USD 612.0 billion by 2024, according to a new report by Grand View Research, Inc. The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle thus driving the market growth in the coming years. In addition, the increasing incidences of lifestyle-associated diseases requiring continuous health monitoring, which is expected to lead to an upsurge in the demand for connected health devices over the forecast period. In addition, the advantages associated with its usage and the availability of advanced products, such as remote sensors, adapters, and connected mobile communication devices are the factors further augmenting the market growth. 

Moreover, the rising demand for greater access to patient health information is the key factor contributing towards the market growth. In addition, the raised awareness levels as a result of the supportive initiatives undertaken by government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS), are anticipated to serve this industry with future growth opportunities. The rising emphasis on the development of advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the R&D investments in the connected health & wellness devices market. For instance, the government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to further fuel the industry growth in this region.

Browse full research report on Global Connected Health And Wellness Devices Market: http://www.grandviewresearch.com/industry-analysis/connected-health-wellness-devices-market

Further key findings from the study suggest:

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the connected health & wellness devices market on the basis of type, product, end-use, and region:

Global Connected Health & Wellness Devices Type Outlook (Revenue, USD Billion, 2013 - 2024)

Global Connected Health & Wellness Devices Product Outlook (Revenue, USD Billion, 2013 - 2024)

Global Connected Health & Wellness Devices End-use Outlook (Revenue, USD Billion, 2013 - 2024)

Connected Health & Wellness Devices Regional Outlook (Revenue, USD Billion, 2013 - 2024)

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-connected-health-wellness-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Web: www.grandviewresearch.com

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