Global connected health device market is expected to reach $36.1 billion by 2023

DALLAS, Oct. 23, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global connected health device market looks promising with opportunities in the home monitoring and hospital/clinic segments. The global connected health device market is expected to reach an estimated $36.1 billion by 2023 and is forecast to grow at a CAGR of 21.1% from 2018 to 2023. The major drivers for growth of connected health device market are increasing adoption of IT in healthcare, increasing healthcare costs, need of easy and reliable patient monitoring systems for chronic diseases, and the growing awareness for health and fitness.

Browse 107 market data tables and 119 figures spread through 208 pages and in-depth TOC on “Global Connected Health Device Market "at

In this market, Connected Health Personal Medical Devices and Connected Health Wellness Devices are used for connected health device manufacturing for product. Lucintel forecasts that the wellness device segment is expected to show above average growth during the forecast period. Download Free PDF Brochure @

APAC is expected to be the largest market and witness the highest growth rate during the forecast period due to a rapidly growing aging population with chronic diseases, rising disposable income, and increased adoption of smart phones. Pre-Purchase Query click

Emerging trends, which have a direct impact on the dynamics of the connected health device industry, include adoption of cloud technology for interconnected healthcare devices, and the adoption of telemedicine. Apple Inc., Medtronics, Fitbit, Omron, and Philips Healthcare Company are among the major suppliers of connected health device.

Lucintel, a leading global market research firm has analyzed growth opportunities in the global connected health device market by product type, end use, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Connected Health Device Market 2018-2023: Trends, Forecast, and Opportunity Analysis.

The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global connected health device market by product type, end use, and region.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at