Technology has the power to improve access to healthcare services, especially for people with mobility problems. Mobile technology can empower patients and carers by giving them more control over their health and making them less dependent on HCPs for health information.

1. Goldstein
Market Intelligence
TM
STUDY OF CONNECTED
HEALTHCARE
INDUSTRY
Goldstein Market Intelligence
A U G U S T 2 0 2 0
W R I T T E N B Y :
Dennis Abraham
Vice President
Goldstein Market Intelligence
Published by

2. Goldstein
Market Intelligence
©GOLDSTEIN MARKET INTELLIGENCE PAGE 02
EXECUTIVE
SUMMARY
TM
(TEC), involves the convergence
of health technology, digital media
and mobile devices. It enables
patients, carers and healthcare
professionals (HCPs) to access
data and information more easily
and improve the quality and
outcomes of both health and social
care.
tablet users in the UK, even
among older age groups,
supported by a proliferation of
health apps, although only a few
are currently being used
extensively. Other notable
developments are the availability
of healthcare ‘biosensing’
wearables, such as digital blood
pressure monitors and glucose
sensors, and patient and provider
access to real-time healthcare
data and information. Additionally
smartphones are incorporating a
growing range of sensors which
monitor changes in physiology.
TEC is capable of providing cost-
effective solutions at a time when
the demands on health and social
care services continue to increase
due to the UK’s growing and
ageing population, the rising costs
of advanced medical treatments,
and severely constrained health
and social care budgets. Indeed,
wide scale adoption of TEC will be
essential for sustaining the future
health and social care system.
A further problem is that TEC
solutions have been technology-
driven, often without the
involvement of the people they are
aimed at. HCPs are often reluctant
to engage with technology, partly
due to the scale and pace of
changes, and partly through lack
of education and training, and
concerns over liability and funding.
Opportunities for using mobile
technology have improved in the
last few years with the growing
population of smartphone and
C onnected health, also known
as technology-enabled care

3. Goldstein
Market Intelligence
treatment options. Its use in
providing access to information
and education is an important
driver of patient engagement. The
most widely available health apps
have been fitness, medical
reference and wellness apps.
While these apps provide
information, many currently lack
the functionality to do more in
relation to health.
Technology has the power to
improve access to healthcare
services, especially for people with
mobility problems. This is
recognised by the UK government,
but there are concerns about
inequality of access to the
technology due to the cost and
differences in broadband speeds.
There are also challenges due to
the lack of interoperable patient
records.
records.
Mobile technology can empower
patients and carers by giving them
more control over their health and
making them less dependent on
HCPs for health information. They
can use digital technology to
research information online, share
experiences and identify
©GOLDSTEIN MARKET INTELLIGENCE PAGE 02
TM
Technology has the power to
improve access to healthcare
services, especially for people with
mobility problems. This is
recognised by the UK government,
but there are concerns about
inequality of access to the
technology due to the cost and
differences in broadband speeds.
Global Connected
Healthcare Market
Share (%), By Country,
2016
There are also challenges due to
the lack of interoperable patient
Source: ©Goldstein 2020 | Connected Healthcare | August Update

4. Goldstein
Market Intelligence
Factors such as compact and
accurate diagnosis medical
devices, high end and energy
efficient connected healthcare;
devices for treatment applications
and rising spending on research
and development activities to
manufacture cost-effective and
efficient medical devices is
expected to accelerate the growth
of connected healthcare market.
On the other hand, increasing
consumer awareness towards
treatment of multiple disorders and
increasing spending on healthcare
on account of favorable
reimbursement policies is
©GOLDSTEIN MARKET INTELLIGENCE PAGE 02
ACCELERATE THE
GROWTH
TM
expected to push the hospitals and
clinics to adopt connected
healthcare market to provide
better diagnosis and treatment
facilities to the patients.
Moreover, the growing demand for
app based services in developing
nations on the basis of factors
such as changing lifestyle of the
population, internet penetration
and rising personal disposable
income in developing nations
further boost the demand for
connected healthcare.

5. Goldstein
Market Intelligence
The rural population of the
world is more than the half of
the total population (52%),
whereas 48% population are
living in urban areas.
Due to unavailability of medical
services & facilities in many
under developed regions,
hence deprived the population
to experience the treatment
facilities with sophisticated
©GOLDSTEIN MARKET INTELLIGENCE PAGE 02
CHALLENGES TO
OVERCOME
TM
Absence of convenience of
healthcare facilities & less
disposable income in rural
regions across the globe are
restraining the demand for
connected healthcare market.
Population living below poverty
line across the globe are
deprived from home healthcare
facilities and unable to opt
expensive services for treatments
& cure.
Lack of awareness towards
medical devices & treatments
in rural regions is hindering the
growth of connected healthcare
market at a large scale.
technology based medical devices
Source: ©Goldstein 2020 | Connected Healthcare | August Update
Rural population (%) of the total population(%)- By Countries

6. Goldstein
Market Intelligence
mHealth devices such as blood
glucose meters, BP monitors,
pulse oximetry, neurological
monitoring device, apnea and
sleep monitors have the future
scope in connected healthcare
market
©GOLDSTEIN MARKET INTELLIGENCE PAGE 02
OPPORTUNITIES
TO CONSIDER
TM
In application, cardiovascular
diseases would be the largest
revenue generating segment
by 2024 followed by diabetes,
neurological and respiratory
diseases market.
APAC with increasing adoption
rate of connected healthcare
tends to create the
opportunities for the major
players in connected
healthcare market.
Diagnosis services, monitoring
services, prevention and
treatment and wellness and
healthcare system
strengthening solutions
mHealth services seems to
acquire the largest portion of
connected healthcare market.
Source: ©Goldstein 2020 | Connected Healthcare | August Update
Global Connected
Healthcare Market
Opportunity by Service
Categories, 2016

7. Goldstein
Market Intelligence
Goldstein Market Intelligence helping businesses to be
successful at strategy and take informed decisions to
grow the business in future. Goldstein Market
Intelligence is one of the leading professional services
firms, providing Intelligence Services, Consulting &
Advisory and research related services to clients. We,
at Goldstein Market Intelligence practice works side by
side with chief executives and their teams to create
effective strategies and secure alignment across the
organisation.
Dennis Abraham Ph.D, senior vice president at Goldstein
Market Intelligence, leads GMI's syndicated health and
wellness research. Before joining Goldstein Market
Intelligence, Dennis held a variety of senior leadership
positions in global and regional consulting roles covering
consumer and retail insights across a broad range of
healthcare categories. Dennis has been providing cross-
category strategic insights to healthcare brands for over 12
years on topics including digital disruption, ecommerce, and
healthcare technology. Dennis holds a Ph.d from Havard
University.
©GOLDSTEIN MARKET INTELLIGENCE PAGE 09
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