Moreover, telemedicine is a rapidly growing field of medicine and an alternative method for sending quality medical care to patients via smartphones. After the onset of the COVID-19 pandemic, there has been an increase in the use of telemedicine to connect healthcare providers and patients, which has been made possible by mobile health applications. The increasing information technology leads to the rising adoption in the health sector is helping to grow connected health rapidly across the globe. Under mHealth, devices such as mobile phones, laptops, and tablets are playing a major role in increasing health coverage. Due to increasing mobile technology, governments and other organizations are turning to mobile devices to improve efficient productivity and also focus on coupling their power to use present health data in a timely manner.
mAgeing Program by WHO Drives Connected Health Market
Smartphones have contributed to making healthcare practices manageable and easy by collecting healthcare information and offering services to patients. They can be easily handled and are used to deliver health-related information and advice as well as reminders. There is an increase in the usage of mobile-based healthcare applications will encourage the aging population to improve and maintain their health and fundamental capacity. To improve health behavior, in April 2018, the WHO mobile health for Ageing (mAgeing) program was designed to manage declines in fundamental capacity on community-level mediations. The mAgeing program supports the routine care that is offered by healthcare professionals for self-care and self-management and also upkeep the implementation of WHO guidelines that is also known as ICOPE Guidelines. The WHO long-term care system aims to encourage the development of the healthcare system and bring a change of sustainable and impartial long-term care systems worldwide. The system basically supports the care for older people that includes their basic rights, fundamental freedom, and human dignity. Thus, the mAgeing program by WHO supports the connected health market growth.
Connected Health Market: Regional Overview
In terms of geography, the connected health market is segmented into North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In terms of revenue, in 2022, North America dominated the connected health market share. The market growth in North America is ascribed to the growing aging population and rising healthcare costs. The US held a significant share in the connected health market as the country has strong technological developments. The FDA regulates most of the mHealth apps in the US that perform patient-specific analysis and/or patient-specific treatment or diagnosis recommendations to confirm that any application that might lead to health risks is moderated. The rising use of smartphones and the prevalence of mobile technology use both lifestyle and clinical applications, which propels the market growth. Moreover, the use of smart technologies assists in improving and educating health behaviors in the region.
The market in Asia Pacific is anticipated to register the highest CAGR during 2022–2030. The connected health market in Asia Pacific is growing due to the rising investments from international players in India and China, expanding bases of CRO services, advancing healthcare infrastructure, and improving government support. Moreover, Apollo introduced the Comprehensive Connected Care Programme in India in 2023. This program makes use of Apollo’s cutting-edge Connected Care technology. Apollo’s Comprehensive Connected Care services will be implemented nationwide, giving clinical teams and nursing staff access to a thorough, up-to-date patient overview at every stage of patient care, including home care, post-surgery care, in-patient care, and emergency and ambulance services.
Connected Health Market: Competitive Landscape and Key Developments
Athena Health, AgaMatrix, AirStrip, AliveCor Inc, Allscripts Healthcare LLC, Apple Inc, NXGN Management LLC, Cerner Corporation, Cognizant, and Honeywell International Inc are among the leading companies operating in the connected health market. Market players focus on many organic and inorganic developments, which allows them to benefit from attractive business opportunities prevailing in the connected health market.
- In January 2023, BioIntelliSense partnered with care.ai to incorporate BioIntelliSense’s high-frequency vital sign trending data and algorithmic-based alerting into care.ai’s Ambient Monitoring workflows. The partnership relates the complementary capabilities of these transformative technologies to improve patient satisfaction, optimize clinical operations, and directly address the key challenges faced by the overburdened healthcare workforce.
- In October 2022, Optum partnered with Change Healthcare to achieve a simpler, adaptive health system and more intelligent for patients, care providers, and payers. The combination will simplify and connect the administrative, core clinical, and payment processes for healthcare providers and payers. Increasing productivity and reducing friction will benefit the entire health system, resulting in lower costs.
- In January 2021, Apple launched a new feature, “Time to Walk,” an inspiring new audio walking experience on the Apple Watch for Fitness+ subscribers—which was created to encourage users to increase walking activities and benefit from it.
- In July 2020, OMRON Healthcare, Inc., the global leader in wellness technology and personal heart health, and Mount Sinai Health System—New York City’s largest academic medical system—collaborated to offer the new VitalSight home blood pressure monitoring solution to patients. Mount Sinai recently rolled out the VitalSight program to support patients suffering from hypertension.