A new analytical study by Transparency Market Research (TMR), titled “M2M Connected Healthcare Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” comprises a detailed overview of the market scenario at the global and regional level. The authors of the report offer insights into the long-term and short-term growth of the global machine to machine (M2M) connected healthcare market by methodically examining its historical data.
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The report presents a comprehensive study of the factors affecting the growth of the global M2M connected healthcare market. The rapidly growing healthcare infrastructure, especially in emerging economies, is anticipated to play a key role in driving the global market. The rising prevalence of chronic diseases across the globe is likely to increase the adoption of M2M connected healthcare. Moreover, a rise in the geriatric population will bolster the growth of the M2M connected healthcare market, say TMR analysts. Other factors boosting the growth of this market are the benefits associated with M2M connected healthcare such as reduced healthcare cost, reduced time, remote health monitoring, and easy sharing of healthcare data.
On the flip side, the absence of proper reimbursement framework and issues related to healthcare privacy are hampering the uptake of M2M connected healthcare services. Moreover, the proper functioning of these services requires a high-speed internet connection. Developing and less developed countries still lag behind in terms of digital infrastructure and a large population of these regions still does not have access to the internet. This factor is likely to impede the growth of the global M2M connected healthcare market. However, technological advancements in connected medical devices are anticipated to provide a promising future to companies operating in the M2M connected healthcare market.
Geographically, North America was the leading segment by revenue in 2013. With the presence of a large pool of technically-savvy patients and advanced healthcare infrastructure in countries such as the U.S. and Canada, the region is expected to retain its leadership until the end of 2020. Europe trails North America owing to the growing demand for M2M connected healthcare services from countries such as France, Germany, Italy, Spain, and the United Kingdom. Asia Pacific is estimated to progress at a high CAGR from 2014 to 2020. Governments’ initiatives towards serving patients residing in remote areas is likely to give a significant push to the regional M2M connected healthcare market.
The report provides a detailed description of the competitive landscape of the global M2M connected healthcare market. The business operations and financial structures of key players are also reviewed to explain the competitive landscape. Some of the key players in the global M2M connected healthcare market are AirStrip Technologies, Allscripts, Apple, AT&T, BL Healthcare, Cisco Networks, IBM, Ingenious Med, Microsoft, NeuroVigil, ObTech Medical, PharmaSecure, QxMD Software, and WellDoc.